While I do not currently own LPGL, I have found it curious that the
stock price has not moved much even though five of its investments
have now completed IPOs. However, if you look at the current
valuations for those five investments, everything makes more sense.
Number of shares Price Total
Owned by LPGL per share Valuation
CNSW 1,078,167 $ 7.875 $ 8,490,565
NETG 1,377,467 21.5625 29,701,632
NETP 2,605,864 15.9375 41,530,958
RAMP 1,517,020 18.875 28,633,753
PKTR 2,538,071 29.50 74,230,002
-----------
Total value of investments 183,230,002
To adjust for tax and liquidity issues x .60
-----------
Adjusted value 109,938,001
Divided by number of LPGL shares 17,100,000
-----------
Value per share $ 6.43
===========
Interesting, particularly when you note that this stock has had a net
gain of 8 1/2 since it was "discovered" on SI. |
