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In trading on Unlisted to Friday 12 August there have been 12 trades (6 last week) totalling 481k shares worth $119k in the aggregate. For the week, Irongate Property Bonds gained 5 cents closing at 55 cents, Pharmazen finished up 9% at 3.6 cents, Silver Fern Farms closed up 1 cent at 64 cents and Rural Equities fell 5% to $3.05. The aggregate market cap fell $2 million to $750 million. Dorchester Property Trust is still in trading halt. The Unlisted Weighted Average Market Price Indicator closed down 3 points at 966.
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Junior Member
Dpt
Hi,can you please enlighten me/all on why DPT is still in a trading halt haven't been able to find out from the General media.
Regards
Andre
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Originally Posted by ASFVK
Hi,can you please enlighten me/all on why DPT is still in a trading halt haven't been able to find out from the General media.
Regards
Andre
DPT has moved its annual general meeting to 27th September 2011, so the trading halt will remain until at least that date.
At the AGM on the 27th Sept DPT is putting a resolution to its unit holders to amend its Trust Deed so that future distributions are compatible with what is termed the ‘slice rule’ for determining returns on capital. Changing the Trust Deed has implications for the tax status of distributions to unit holders.
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