Wednesday 2nd July 2008
|Text too small?|
Chairman Barry Graham made the statement after media reports that repayments would amount to as little as 1% to 2%, which he said were erroneous. Dorchester Finance has about NZ$168 million of debenture stock secured against total assets of NZ$212 million.
Shares of Dorchester soared 64% to 23 cents having tumbled to as little as 10 cents last week. The company, which also owns 25% of St Lawrence Group, this month hired Grant Samuel and Associates as an independent adviser.
No comments yet
Dorchester lifts Turners Auctions stake to 19.85%; no plans to make offer
Dorchester raises $4.1 million in placement supported by major shareholders
Dorchester investors exercise 134 mln options, major shareholders asked to sell down
Dorchester narrows first-half loss, forecasts FY profit
Dorchester agrees to buy EC Credit for $18.5M in cash, stock and earn-outs
Dorchester rescue plan ups net profit
Dorchester profit boosted by capital reconstruction plan
Dorchester appoints general manager, insurance and lending
Dorchester staves off receivers
Dorchester posts annual loss of $19.1 mill