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dchl
Dunedin
April 19
Expects Delta to be paid 'millions'
Delta is confident of being paid a ''significant portion'' of a potential bad debt, worth millions of dollars, Dunedin City Holdings Ltd chairman Graham Crombie says.
Dunedin
September 30
DCHL profit down but mood bullish
The Dunedin City Council's group of companies remain in a bullish mood, despite an $8 million drop in profits and another loss for the entity running Forsyth Barr Stadium.
Dunedin
March 20
Delta thwarted proper scrutiny, breached Acts
The Dunedin City Council must share the blame for multimillion-dollar losses incurred by Delta from its failed property investments at Jacks Point and Luggate, Mayor Dave Cull says.
Dunedin
December 9
Fee debate in private
Debate over the amount of money allocated for Dunedin City Council company directors' fees was deemed non-public at the last minute yesterday.
Dunedin
November 7
DCHL report further delayed
Turnover at the top has again delayed a review of the Dunedin City Council's group of companies, but the wait could soon be over, Dunedin City Holdings Ltd chairman Graham Crombie says.
Dunedin
October 31
DCHL announces four new directors
The Dunedin City Council's group of companies has unveiled fresh changes after the recruitment of four new directors, including two heavy-hitters, and the departure of four familiar faces.
Dunedin
August 23
Dunedin City Holdings' chairman replaced
The man brought in to help fix the Dunedin City Council's companies has been replaced.
Dunedin
August 1
More cuts needed, council warned
The Dunedin City Council is cutting its reliance on dividends from Dunedin City Holdings Ltd, but still fears being left exposed by another sudden drop in cash from its companies, chief executive Paul Orders says.
Dunedin
July 29
Top job to go at DCHL
Dunedin City Holdings Ltd chief executive Bevan Dodds is to lose his job as the Dunedin City Council tightens its grip on the financial affairs of its companies.
Dunedin
June 24
Rates rise of 4% adopted; staff efforts praised
There were words of praise, but also of caution, as the Dunedin City Council yesterday locked in a 4% rates rise for the coming financial year.
Dunedin
May 20
Significant cut in stadium losses; DCHL profit up
More events, more members, reductions in overhead costs and staff cuts contributed to a significant cut in losses in the first six months of this financial year for Dunedin's Forsyth Barr Stadium, its operator reports.
Dunedin
February 26
No borrowing to pay dividend, DCHL says
Dunedin city councillors have again been reassured the days of Dunedin City Holdings Ltd companies borrowing to help fund dividend payments to the council are over.
Dunedin
November 9
$5m loss for DCC group
A $9 million write-down in Delta's investments - including property at Jacks Point and Luggate - is partly to blame for a multimillion-dollar loss booked by the Dunedin City Council's group of companies.
Dunedin
October 26
New directors appointed in DCHL restructuring
A pair of national heavy-hitters are among four new directors recruited to help guide the Dunedin City Council's companies.
Opinion
September 12
Delta issues should be aired publicly
All matters around Delta's deals at Jacks Point and Luggate should be made public, writes Russell Garbutt, of Dunedin.
Dunedin
August 14
DCHL turns attention to subsidiaries
Dunedin City Holdings Ltd - flush with a full complement of new directors - is now expected to turn its attention to a review of its subsidiary companies' assets.
Dunedin
June 17
DCC expects $6m dividends drop
The Dunedin City Council could be facing more multimillion-dollar holes in its budget, with Mayor Dave Cull warning the city's financial fortunes will get worse before they get better.
Dunedin
June 17
Silent on DCHL debt-funded dividend claims
Dunedin City Holdings Ltd chief executive Bevan Dodds is refusing to confirm claims the holding company is still borrowing millions of dollars to pay dividend payments to the Dunedin City Council.
Dunedin
May 15
$4.1m shortfall in DCC budget
Fresh savings would be needed to plug a $4.1 million hole in the Dunedin City Council's budget, it was confirmed yesterday.
The Mix
March 10
Keeping it all above board
You do not need silver hair, a dark suit, a school tie and an expensive car to be a company director. To form a company and give yourself a seat on the board all you need is $163.55 and the time for a little Companies Office form-filling.
Dunedin
March 8
DCHL reports $5 million profit
The Dunedin City Council's holding company yesterday reported a "steady" $5 million after-tax profit from the first six months of the financial year, as work on finding new directors begins.
Dunedin
February 26
No word on restructuring
The new director of Dunedin City Holdings Ltd has again put off answering questions about his work restructuring the company.
Dunedin
February 15
Changes made: councillors have concerns
Changes to the Dunedin City Council holding company's statement of intent have been pushed through, despite concern from some councillors alterations to the document were dumped on them at the last minute.
Dunedin
November 17
No DCHL answers yet
The Auckland company director brought in to take control of the Dunedin City Council's group of companies following the sacking of the board of directors says it will be next year before concrete decisions are made on the companies' restructure.
Dunedin
November 14
Council dumps directors
The Dunedin City Council has sacked the board of the city's holdings company as Dunedin Mayor Dave Cull acted swiftly yesterday to implement moves ratified by the council the previous day.
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