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Non-Tech : London Pacific Group - LPGL doubles...
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To: maven2010 who wrote (151)4/15/1999 8:06:00 PM
From: rupert1  Read Replies (2) of 737
 
maven2010: Thanks for your post.

"i find it interesting that no one here has brought up several fundamental issues"

I only started today.

I noticed the share buy back, but from memory, I thought it was 10% - you suggest it was more.

I also wondered about the motivation for the lack of self-promotion of the stock. Given its apparent penchant for a low profile, why issue US ADR's?

Jersey has rules of its own - but is being brought more tightly under UK law and regulation. The listing on the London Stock Exchagne will require that its accounting principles are transparent and conventional.

There are grounds for wondering whether it is being run almost like a private company - or as a target for a management buy-out. Yet the change in accounting principles suggests it is preparing to be evaluated by the public on the increasing value of its holdings . (I assume it does not expect the same accounting principles to decrease its public value with a decrease in the value of its holdings).

No problem with the Chairman holding 25% of the stock.

Don't really see the point of your double dipping remark. The shares we are buying get the benefit of any cpaital appreciation or revenues flowing from both LPGLY and BICC investments.

Does anybody have a London address or any operational address for the company. I'll make some enquiries f there is a UK address.
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