He could also be putting himslef in a strong bargaining position down the track.. again at the expenses of small shareholders. at least its getting interesting
And despite this, the shareprice continues to drop...
and interesting to note that their cash reserves are now more than their market capitalisation..... take from Chris Lee newsletter.
Could also suggest that the bear market cycle is further advanced within the small finance company sector as opposed to the general over market (NZX).
It is possible that the first signs that the NZX bear is dying, may arise within this sector (assuming bear cycle subsets{secondaries} are equal in length to the primary bear cycle).
If & when this may happen is any ones guess.
Thats what I have been saying all along and are prepare to hold my DPC holdings and maybe, just maybe buy more. Will need to do more due diligence.
It jsut strikes me as odd that Byrnes cannot buy stock from VIK and have to buy on market. Maybe VIK has stop selling? 500k shareholding and growing is no small holding. Wonder how many shares he is looking to accummulate.
This is quite correct. This is the big unknown is how significant are the "bad debts" Yes they will have to pay depositers that is coming up. Admittedly I have done almost no research on this company of late apart from viewing whats posting here.
What i can say is not surpisingly, very little people are investing into dpc into term deposits or cash on call type of accounts. Somewhere down the line this will bite and bite very hard.
What are peoples take on HHG and the other party (cant remember) pulling their investment out prior to maturity? I have mentioned this before but no one shared their views.
Unnamed sources have indicated that dpc maybe on shaky ground. Take that for what you like and as an outsider looking in i would say, invest with caution.
Please do your own research and all information supplied are of my own opinion only OR has been provided from a third party. Please DYOR
discl.Brought this stock at $2.80 and sold at a little over $2.50. Now do not hold
There does not seem to be any accumulation from a technical standpoint/
http://img183.imageshack.us/img183/9...2032008lm3.png
Could you explain this further?Quote:
Originally Posted by Hoop
Not a very pretty chart at all. The only positive is the Director increasing his holding on the way down - unless he is foolishly averaging down his holding...