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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: michel petit who wrote (715)	7/28/1999 2:34:00 PM
From: xcr600	Read Replies (1) \| Respond to of 737

uhhh.. Packeteer went public today. PKTR, another LPGL holding. x

To: michel petit who wrote (715)	8/1/1999 3:14:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 737

While I do not currently own LPGL, I have found it curious that the stock price has not moved much even though five of its investments have now completed IPOs. However, if you look at the current valuations for those five investments, everything makes more sense. Number of shares Price Total Owned by LPGL per share Valuation CNSW 1,078,167 $ 7.875 $ 8,490,565 NETG 1,377,467 21.5625 29,701,632 NETP 2,605,864 15.9375 41,530,958 RAMP 1,517,020 18.875 28,633,753 PKTR 2,538,071 29.50 74,230,002 ----------- Total value of investments 183,230,002 To adjust for tax and liquidity issues x .60 ----------- Adjusted value 109,938,001 Divided by number of LPGL shares 17,100,000 ----------- Value per share $ 6.43 =========== Interesting, particularly when you note that this stock has had a net gain of 8 1/2 since it was "discovered" on SI.