SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : London Pacific Group - LPGL doubles...
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Scott Bergquist who wrote (468)4/26/1999 7:09:00 PM
From: RockyBalboa  Read Replies (2) of 737
 
It looks like the folks at LPG aren't aware of the usual process of the news releases within the U.S.

For a long time they used RNS to file their rare releases (on Bloomberg I counted 7 or 8 for the last year, including notice of the annual report).

Appearently, and as we know from the very short history, LPG appeared to be run like a bowling club. They did not make use of the news media to shop their stock.
For which reason? The stock traded at a low multiple (8 as I remember).
The company has cash and a nice investment book, as several anglo-saxon and central-European insurance houses do have. They didn't need to sell shares for cash, even not the insiders, which bought stock because of the high yield.
So the stock traded between 10 and 14 for years. The chairman got an option for a couple of shares. The strike of the options is $14 which was at the money, not some slam-dunk $0.0025 very usual for insider options in small crap (even in bigger caps, the strikes are very low and not even near the market).

It was the effort of XCR600 to dig LPLA up inside the NETP filings and we did some further look into the company then.

So, for me it looks like the company is not quite familiar with the U.S. hype newslines, so they resorted to the rns. At least, they published the IPO filing event as promised.

Where's your problem??

I see the rns as well on Bloomberg and Reuters but PR Newswire or any of the Biz' wires is not a licensee, especially not in Europe. There is no news monopoly.

IS.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News