Forum Archive Index - January 2000

[Phil Eriksen <phil@acepay.co.nz>]

Richard Yelash wrote:
> 
> What does everybody think of Dorchester Pacific
> 
> I don't hold any yet but are tempted
> 
> Richard
> 

Richard,

At $1.50 or so they still provide good value, however i'm not sure i'd
be buying any more right now.  Because of their favourable results and
the recent acquisition they have been "noticed" to some extent, so I
would guess (note the usage of the word "guess") that the price will
drift back gradually having hit $1.60  I got in at $0.90, and plan to
keep buying, preferably at $1.25-$1.30 over the next 3 months.  With the
market being what it is currently tho, its anyones guess.

They seem to be well run, expanding steadily and logically, are in a
sector under-represented on the NZ exchange and if they reach a certain
size, would have to be considered a takeover target one day.

Disclosure : have shares

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