Guest 1694- Registered: 24 Feb 2016
- Posts: 1,087
Prior to the DHB revised proposal the £20m PDCT shareholding in the new company was locked in and could not be sold, mortgaged, transferred or otherwise disposed of, they were therefore, effectively, of no value except as a very minor voting block at the AGM. One of DHB's revisions is to allow the £20m to be sold or otherwise traded (mortgaged, transferred, etc,), but with first refusal going to the new owners.
This does mean that they have a value in the real world, but it also means that it is no longer an 'enduring' shareholding. This is because when the flow of dividends dries up after 5 years when the new owners transfer ownership of the port to another port, offshore, in the same group, the PDCT will find itself running out of cash fast and will need to raise money through the sale of its shares in order to keep functioning. The PDCT will become just like the Northern Rock Foundation - cashless and defunct - within a relatively short period of time once the port's ownership is transferred offshore.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
And speaking of the DHB board..a new appointee to same. See the frontpage this morning. Tim Waggott joins the team and with an eye on the future said..
"I am looking forward to supporting the Port of Dover business realise its clear potential to grow, to add value and to further increase economic activity and employment opportunities in support of the Dover community, and the local and national economy."
More on the frontpage.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
oh dear paulb
this new director seems to saying they do have a community plan.
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i mjust admit i was rather surprised at the timing of this appointment, either they are very confident of their revised proposal or it is a about sending a message of confidence to the department for transport.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
yes howard maybe they are reading the situation better?
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Guest 1694- Registered: 24 Feb 2016
- Posts: 1,087
Tim was appointed to the Board a while ago. I believe it was a week or so after the public PCC at the Ark. The appointment was as a replacement for Mike who did not offficially retire until March. DHB have consistently misread the situation and the strength and depth of the opposition that is arrayed against them both locally and nationally, they thought at the end of the consultations in March 2010 that they had 'got away with it', they were wrong and they continue to be wrong. They have mishandled the Ferry Companies, the General Cargo operator and misjudged the wider community. When examples of their poor management and flawed strategy are exposed, they revert to trying to bully their staff into silence, when in fact it was not their staff that exposed them, but the public record.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
A former constituent who worked for DHB once told me to become a Board member of DHB you had to be a
Free Mason.........I`ve often wondered if it were true !!!!!
Guest 715- Registered: 9 Jun 2011
- Posts: 2,438
#167 surely not Reg
Audere est facere.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
there is no nepotism or favouritism in my lodge you will be pleased to know, the chief constable insists on it.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
no alternative view so must be right reg
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Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
You're only going to get a response from someone on the Board of DHB, so it's a silly question.
Roger
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
or a freemason?
oh no thats right there secretive
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Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
It's silly because a Freemason won't know the make-up of Dover Harbour Board and whether any or all of them are Freemasons - he may, if he's a good friend of all of them, or in the same Lodge.
Masons aren't secretive, they have some rituals that are, that's all.
Roger
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
im sure that maybe correct roger
very big maybe though
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 173 ...spherical objects...one Free Mason does not know what the other Free Mason does ?...and would not know where
they work and would not know what they deal in ?...and would not know the make up of the DHB ?
The Free Masons are very secretive externally but not secretive internally....but some do boast and talk and there is always
the whistleblower.....
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
oh yes reg
iv been in contact with many free masons over the years
certainly all operate differently
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Guest 715- Registered: 9 Jun 2011
- Posts: 2,438
Not a secret organisation but a organisation with secrets is how one colleague put it to me.
Audere est facere.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
bit like the town council then martin, we get secret bandstand events from them.
on a more serious note, what sort of attendances do they have at the deal bandstand?
http://www.dealbandstand.org/id1.htmlGuest 715- Registered: 9 Jun 2011
- Posts: 2,438
There is always a good turnout for the Bandstand,weather permitting. The visit of the Royal Marines is always special and attracts a huge crowd.
Audere est facere.
Paul Watkins- Location: Dover
- Registered: 9 Nov 2011
- Posts: 2,226
Like 20,000 people Martin according to local papers. It is a brilliant afternoon tinged with more than a little emotion for the Memorial service.
July 15th is the date folks , if you can find a space and remember the road closures.
Watty
