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

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To: Ken Whiteside who wrote (439)4/23/1999 10:32:00 PM
From: Tom Hua  Read Replies (2) of 737
 
Ken, the following chart shows LPGL's intrinsic value in the public
companies it owns:

------------------------------------------------------
Symbol Shares, MM Price Value, $MM
-------------------------------------------------------

NETG 1.38 43 59.3

NETP 2.60 30 78.0

RAMP 1.51 40 (E) 60.4

CNSW 1.08 40 (E) 43.2

--------------------------------------------------------

Total: 240.9

(E) : estimated

LPGL has 17.1 MM shares outstanding, or $14.1 per share.

With many more in the IPO pipeline, LPGL will no doubt be in the same
league with Softbank and CMGI.

Regards,

Tom
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