TS TELECOM (www.tstelecom.com): ASPIRING TELECO Message Board

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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO

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To: speculatingvalue who wrote (923)	11/22/1999 10:26:00 PM
From: M. Merriam	Read Replies (1) of 1762

I just gave prospectus a glance too. I roughly calculated that TOM's assets have an implied value of about CAN$2.50/sh (based on the offering price of the IPO). They state that 8003's market cap will be HK$396 m. TOM own's 64% of that (HK$235 m. or about CAN$48 m). With about 20 m shares of TOM, that's $2.40/sh. Add the dividend TOM was paid in August, and we have about CAN$2.50/sh. Here's a link for you: biz.yahoo.com Mike

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