Get back to us once the SP has closed above the breakout level for three trading sessions in a row on a reasonable OBV.
DPC is a dog with flees and the only way the SP is going to appreciate is if another dog like GPG comes along and knocks it up.
Get back to us once the SP has closed above the breakout level for three trading sessions in a row on a reasonable OBV.
DPC is a dog with flees and the only way the SP is going to appreciate is if another dog like GPG comes along and knocks it up.
I ve been keeping a close on eye on DPC with a view to accumulating more shares. It seems like VIK has either finished selling for now. The only person pushing this stock down to these levels was VIK selling a large line and no large buyers to take it up. If VIK comes out selling again, it can go back down to $1. Very little liquidity and any buying/selling can move the SP. Must be hurting VIK to selling down DPC at a huge lost. Thank God I am not a VIK shareholder.
I dont think DPC is a dog under the right management. There are potential for DPC, but again, we need the right management to grow it.
DPC
27/08/2007
SSH
REL: 1019 HRS Dorchester Pacific Limited
SSH: DPC: SSH Notice From Viking Capital Limited
Beneficial
Total of Interest : 2929892
Current % held : 8.0152793
Last % held : 10.6313
Names : Viking Capital Limited
Transaction Dates : 23/08/07
Total Votes : 400000
Considerations : 448000
Non Beneficial
Total of Interest :
Description :
On-market sale by Viking Capital Limited of 400,000 shares in Dorchester
Pacific Limited, sold at a price of $1.12 per share, being a total cash
consideration of $448,000.
I think DPC is a good contrarian value play. Though a little concerned about the longer term effect of recent events on finance company investor sentiment. Also not sure if investment funds might be transferred into cash management PIES rather than directly into debentures?
While organic growth in NPAT seems unlikely in the medium term, consolidation makes sense at these prices and also offers an opportunity for other finance companies to list via merger/acquisition.
[QUOTE=Toddy;167417]....DPC is a dog with flees.... QUOTE]
I disagree :)
The jump is SP was started by a small parcel of shares this morning offered at $1.2 which seems an arbritrary price but someone DID buy a 2% stake at $1.12 when VIK offloaded part of their holding. Interesting to see a further $30k changed hands at this price in a run of small trades... The 'buy' side has moved little and still sits around the $1.05 - $1.07 mark. From what I can figure VIK still have 80% of their holding to sell... watch for the price to continue sideways/downtrend.
the $1.2 trade(s) looks like an anomaly to me; it's only a couple thousand $ worth. if i was to buy, i'd wait till vic starts selling
DPC should merge with St L and other major finance players in the market to form a large competitive finance firm.
Someone is doing funny buggers with the share price.
Last trade at 5.00pm was for 89 cents down 9...number of shares sold 25 !!!!!
A good chance the HYR report will be released tomorrow.
Liz........Kinda makes you nostalgic doesn't it... last year with BIO