My apologies to you guys on this thread. I have been saying since the CC that we have a b/v of $9.31. While this is the number i thought I heard, and have written in my notes, it is apparently wrong. Perhaps that was in singapore dollars...although the current exchange rate would not seem to support that (unless the rate has fallen by about 15% since the CC, which is entirely possibly. Help me out here Savoirman...)
Anyway, I am pleased with the response even though I have been corrected to a much lower number. This also answers our question about particiaption (one that I did not even bring up in my e-mail).
My only comment is on the bold part... CREAF IR knows they need to produce a paradigm shift within the investment community regarding CREAF.
Brian
My apologies for this delayed reply, but I wanted to confirm with our CFO in Singapore as our book value number differed from yours.
We calculate book value from the Q498 balance sheet at $6.70/share. (Total shareholders' equity of $622,314,000 divided by shares outstanding of 92,914,000 = $6.70.) Cash at the end of Q4 was $417 million or $4.49 per share.
By the way, I know there is a lot of interest from the folks on the SI and Yahoo CREAF boards in having representation/commentary from Creative. I don't know if direct participation in those forums will be possible, but we are exam[in]ng ways we could use our own web site to better communicate with the investor community and to address issues as they arise. You know the old saying, "it takes a long time to turn a big ship," but we are working on it, and I think the success of our recent web-based communications efforts will help. In the meantime, you are always welcome to contact me.
Regards,
Lisa Laymon
Investor Relations Manager |
