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Non-Tech : London Pacific Group - LPGL doubles...

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To: coug who wrote (3)4/12/1999 10:57:00 PM
From: Patherzen  Read Replies (4) of 737
 
Welcome Coug! More info from Yahoo...what an interesting play this may turn out to be!
Huge potential value here
by: Count__UrMoni 66 of 84
Tried to estimate the value of the business segments. First the financial services business earns $30m, at a 20 market P/E multiple it is worth $600m. Public stake in Netgravity is worth $80m. Stake in Net Perception IPO is likely to be worth same amount after a few days of trading. Just this is worth $40 per share. PLUS there is a large, experienced successful venture capital operation with a pipeline of investments. If your information is correct that they have 15 private investments with a book value of $100m, IPO value could potentially be $1 BILLION PLUS. Which means the real value of this stock is $100+ per share or more. (Also the Jersey Island registration and life insurance business are good tax shelters, just ask Warren Buffett). If you missed CMGI, here is another chance to really score. Buy and hold, and enjoy the dividend while you wait.

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