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Microcap & Penny Stocks : MPTVE - Turnaround With Huge Potential -- Ignore unavailable to you. Want to Upgrade?


To: icedog who wrote (4473)6/12/1999 8:58:00 AM
From: icedog  Read Replies (2) | Respond to of 5783
 
MPTV another Financial Prediction:

Latest attempt to update MPTV earnings potential
for the next several months.

Assumptions:
Authorized limit - 750 mil (not confirmed)
Outstanding shares - 625 mil (maybe slightly high, not much though)

Note this is only a rough estimate.

Current estimated value of the property (conservative) = $35mil
Current estimated debt (conservative) = $12mil
Net profit = $23mil
Book value = $23mil/625mil shares
= .035 (value of stock when loan closes)

Lake Tropicana:

Total assets from sales = $261mil (20,592 intervals x $12,700)
estimate profit ratio of 20% (conservative)
profit = .2*$261mil = 52.2mil


Estimate 18 months for total sell out:
Total guess, these numbers could vary wildly depending
on how fast the corporate sales go..

65% total sales for first 12 months
35% total sales for last 6 months

Estimated contributing EPS for 1st year after sales start: $.054
($33.9mil/625mil shares x .2)
Estimated contributing EPS for 2nd year after sales start:$.029
($18.3mil/625mil shares x .2)

Now add in Palm Springs and Hawaii

RANCHO MIRAGE VACATIONS

65% of revenues goes to MPTV, assume 20% profit
Total estimated revenues: $36,504,000 (4992 intervals x $11,250)
Timeframe: 18 months (average of 1 to 2 years)

Estimated contributing EPS for 1st year after sales start: $.0096
($24mil/500mil shares x .2)

Estimated contributing EPS for 2001: $.005
($12.5 mil/500 mil shares, x .2)

KONA REEFSHARE RESORT

Total estimated revenues: $110,448,024.96 (6708 intervals x $16,465.12)
Timeframe: 30 months (average of 2 to 3 years)
40% 1st year after start:
Contributing EPS for 1st year: $.0176
($44mil/500mil shares, x .2)
40% 2nd year after start:
Contributing EPS for 2nd year: $.0176
($44mil/500mil shares, x .2)
20% 3rd year after start:
Contributing EPS for 3rd year: $.0088
($22mil/500mil shares, x .2)

EPS estimate for 1st year of operations = .054+.0096+.0176 = $0.081

Use a multiple of 10 and it gives you a conservative estimate
of $0.81 stock.

There are many other factors that could affect these numbers.

The numbers are conservative and one could easily double these values.
The industry average for a multiple in the timeshare market is 20 or better.

All this doesn't even take into account that MPTV is
carrying forward a $20 million plus tax-deductible business loss.