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Technology Stocks : BVRTF -- Sounds Interesting

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To: SOROS who wrote ()5/23/1999 1:21:00 PM
From: sam_b  Read Replies (1) of 85
 
Published , this morning, in " Yediot- Achronot "

The NetGame IPO will be in more two weeks .Value is "close to
$100 M ".

44% " belongs to" BVRTF equals ALONE $44M .This is the market capital of BVRTF now (46.5 precisely )

So we get all the other : 37% of NEXUS,49.5% of R.T SET and
40% of BRIGHT-COM for free.

The last price estimation of UNION BANK analysts ($60.2M) based on NetGame conservative value of $35
M.(Between $20M and $50M)
The value of NEXUS calculated with discount of 50% and no value to BRIGHT-COM.

The market value of this company is $88.8M.After IPO of NetGame.
(If we add the difference of $65M multiplied by 44% = $28.6M to $60.2 M).

The price label for this value is 12.52 !!
Now you understand the big volume in last period.
BTW. If you wonder why in last Friday & Thursday the volume was low proportional to other days ? I believe
SHVUOT holiday is the reason. In next monday ( tomorrow ) we shall check this assumption.
With the current price of 6.56 it's a difference of 90.6%!!
Not bad for two weeks.Institutional buyers know this calculations.
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