London Pacific Group - LPGL doubles... Message Board

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Non-Tech : London Pacific Group - LPGL doubles...

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To: Patherzen who wrote (86)	4/14/1999 2:57:00 PM
From: Bo Le	Read Replies (1) of 737

Read LPGLY news release you will find out that they now report un-realized gain as income which make their PE looks low. In the past, only when their investment sold, they count profits (if any) as income. WCAP is doing the same thing. That's why a lot of people think WCAP will earn $4 a share next Q (because they own 90000 shares WGAT whcih will go IPO this week). PWCC just relaesed Q report showing an un-realized gain of $21 million (from FLAS, of course). Using LPGLY's accounting, this $21 million can be considered as income, which is equal $7 a share. Then PWCC PE will be less than 3. So which one is better, LPGLY or PWCC? BL

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