This is from yahoo
Just the facts!
by: quantech_rs 04/20/02 08:17 pm
Msg: 3339 of 3410
An approximation of the value of BCICF shares As of JAnuary 1, 2002
Telecom Americas holds 59% of ATL with approx 1,916,581 clients = 1,130,783 clients for TA
Telecom America holds 100% of TESS with approx 1,032,026 clients = 1,032,026 clients for TA
Telecom America holds 77.6% of TELET with approx 783,230 clients = 607,786 clients for TA
Telecom America holds 76.7% of AMERICEL with 600,461 clients = 460,554 clients for TA
Total clients for TA = 3,231,149,
BCICF hold 42% of TA or 1,357,082 clients
Everyone agrees that clients are worth approximatly a min.of $1600 US
Therefore the total value of a BCICF share is as follows;
1,357,082 clients x $1,600= $2,171,331 US or approx. $0.45/share.
Less the total debt of approx. (500MM =.10/sh).
Plus all other assets, which are presently for sale (approx.$290 Mil=.06/sh)
Plus approx. $770 mil.Us tax loss carried forward = .16/s
The present value is .45 -.10 +.06 +.16 =$0.57/share, so please perform your own dd and you will come to the same conclusion as I have, this company is undervalued and oversold, All of these number are from the 2001 annual report of BCICF.
BCICF's Annual Report suggests a subscriber growth rate of approx. 20% and a revenue growth rate of 30%. THAT IS ABSOLUTLY ASTOUNDING!
I am also convinced that there is something going on regarding a possible merger, buyout or a major deal in the works. IMHO only |
