Pacific Century CyberWorks (PCW, PCWKF) Message Board

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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: John McDonald who started this subject	10/21/2000 11:38:09 PM
From: ms.smartest.person	of 4541

<OT:we are not alone> Queen Elizabeth caught mapping thetimes.co.uk BY PAUL ARMSTRONG THE QUEEN was yesterday served a sharp reminder of the hazards of investing in speculative shares when the value of her holding in Getmapping.com was cut by up to £150,000. However, Her Majesty is believed still to be sitting on an unrealised profit of just over £100,000, representing a 100 per cent return in less than a year. The Queen invested £100,000 in the company early this year after it dedicated its millennium map to her. This entitled her to 384,000 shares when the company floated in April. The stock immediately raced to a high of 224p, valuing the Queen’s holding at £860,000, but slumped when the dot-com bubble burst. The shares plunged another 38½p yesterday, taking them to 53½p, after Getmapping revealed that troubles with its website meant that sales had been lower than expected. The company has aerial maps covering 95 per cent of England and big chunks of the rest of Britain. The pictures can enable objects as small as 25cm to be identified. Getmapping made a pre-tax loss of £695,000 in the six months to June 30 from turnover of £428,000.

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