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Re: [sharechat] dpc

From: Mike Hudson <>
Date: Thu, 28 Feb 2002 09:55:51 +1300

I own a few of these but I have mixed feelings. On the one hand they are growing steadily through aquisition which is quite exciting as potentially they could be a serious player in the finance sector but on the other the underlying profitabilty seems to be sliding; the profit increases in recent times have been generated either by tax adjustments or by the change of accounting treatment in the insurance subsidiary.    
I will go along for the ride but with nowhere near 20% of my portfolio committed
Mike H
----- Original Message -----
Sent: Thursday, February 28, 2002 12:00 AM
Subject: Re: [sharechat] dpc

DPC is 20% weighing in my portfolio at the moment and I am very happy too
----- Original Message -----
From: B Foster
Sent: Wednesday, February 27, 2002 9:28 PM
Subject: [sharechat] dpc

Now that BCA has gone from our shores what do people think of DPC. It has changed its structure, so exposure to any downturn fairly minimal, pays a dividend,Ceo largest shareholder.Return on total assets have been stable for last three years & earnings per share have improved for the last 5 years.
Directors control 50% of company + Bill Birch on board ( the only listed company directership he has agreed to take on -not personally that I give this a lot of weight )
Green & McCahill one of the largest & smartest private investors also have a large shareholding + board representation.
Comment would be appreciated.  


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