Forum Archive Index - February 2002

[Mike Hudson <mikehudson@clear.net.nz>]

Hoop

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

 

Cheers

Mike H

----- Original Message -----

From: Richard Hooper

To: sharechat@sharechat.co.nz

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

:))))))))))))

Hoop

----- Original Message -----

From: B Foster

To: sharechat

Cc: sharechat

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.