Here is some more info for all the new investors we will be getting if things go as planned for MPTV.
I found this on another board and thought it is quite useful information for us longs.....
Here it is:
The deal is that if MPTV gets the loan to pay Of Gould, then it can proceed with renovations to the Lake Tropicanna Time Share and sell them for a projected $114.4 mil. This in turn will open the way for the other proposed Time Share developments, RANCHO MIRAGE VACATIONS, KONA REEFSHARE RESORT, RENO VACATIONS, SAN FRANCISCO; est. revs. $300 to $400 mil+. Everything hinges on getting this rotten loan to pay off some guy named Gould who wants to foreclose on the Tropicanna property.
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REVENUES AND EARNINGS ESTIMATES:
Stock target of $$$$$1.34 as follows:
These are my estimates, but I've received affirmation from the company that I'm very near their official auditor's estimates for EPS.
For the profit percentage of revenues, I am using a calculation of 20%. According to insiders, this is an appropriately conservative number, especially considering profits may go as high as 40% on some of the projects.
LAKE TROPICANA
Total estimated revenues: $114,400,000 (9152 intervals x $12,500)
Timeframe: 12 months (average of 9 to 15 months)
Estimated contributing EPS for 1999: $.102($114,400,000 ö 223,920,708 shares, x .2(20% return of profit))
RANCHO MIRAGE VACATIONS
Total estimated revenues: $36,504,000 (4992 intervals x $11,250)
Timeframe: 18 months (average of 1 to 2 years)
Estimated contributing EPS for 1999: $.022 ($24,336,000 ö 223,920,708 shares, x .2 (20% return of profit))
Estimated contributing EPS for 2000: $.011 ($12,168,000 ö 223,920,708, x .2 (20% return of profit))
KONA REEFSHARE RESORT
Total estimated revenues: $110,448,024.96 (6708 intervals x $16,465.12)
Timeframe: 30 months (average of 2 to 3 years)
Contributing EPS for 1999: $.039 ($44,179,209.98 ö 223,920,708 shares, x .2 (20% return of profit))
Contributing EPS for 2000: $.039 ($44,179,209.98 ö 223,920,708 shares, x .2 (20% return of profit))
Contributing EPS for 2001: $.020 ($22,089,605.00 ö 223,920,708 shares, x .2 (20% return of profit))
RENO VACATIONS
Total estimated revenues: $41,600,000 (5200 intervals x $8,000)
Timeframe: 30 months (average of 2 to 3 years)
Contributing EPS for 1999: $.015 ($16,640,000 ö 223,920,708 shares, x .2 (20% return of profit))
Contributing EPS for 2000: $.015 ($16,640,000 ö 223,920,708 shares, x .2 (20% return of profit))
Contributing EPS for 2001: $.008 ($8,320,000 ö 223,920,708 shares, x .2 (20% return of profit))
SAN FRANCISCO (VERY GENERAL ESTIMATE CONTINGENT ON MANY UNDECIDED FACTORS)
Total estimated revenues: $114,400,000 (4576 intervals x $25,000)
Timeframe: 18 months (average of 1 to 2 years)
Contributing EPS for 2000: $.051 ($57,200,000 ö 223,920,708 shares, x .2 (20% return of profit))
Contributing EPS for 2001: $.051 ($57,200,000 ö 223,920,708 shares, x .2 (20% return of profit))
TOTAL ESTIMATED EPS FOR 1999: $.178
TOTAL ESTIMATED EPS FOR 2000: $.116 (incomplete as future projects will further add to EPS)
TOTAL ESTIMATED EPS FOR 2001: $.079 (incomplete as future projects will further add to EPS)
LATE 1999 TARGET PRICE: $1.34 (EPS of $.178 x PE of 7.5) to $1.78 (EPS of $.178 x PE of 10)
All this doesn't even take into account that MPTV is carrying forward a $20 million tax-deductible business loss.
CHRIS' COMMENTS
Guys, if you are NOT IN now, I suggest you do it soon before the deal is closed and before you miss the boat. Everything is heading in our favor. Yes, we have had many delays but sometimes it is better that way in order to assure proper clearance of title. We don't want any outsider claiming our profits when MPTV develops and sells their property!!!!
We will see a gapper in the A.M.
CK. |
