Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: speculatingvalue who wrote (900)	11/20/1999 6:42:00 PM
From: Ciao	Read Replies (1) \| Respond to of 1762

The HK$1.50 price was from one of Geoff's postings. I can understand having a lower share price with more shares, but 60M shares (if IPO price is at $1.50) is excessive. 10 or 15 Million shares would have been adequate. As per Geoff's post, IPO price was set at 9 - 9.5X forecasted earnings. I would have priced it higher using a different benchmark. Most of the stocks on the GEM market will not likely be profitable. Will they be priced at 9 - 9.5X future earnings? I doubt it. As for the 75K shares, I can't see why management would want to keep the price down because of an absence of a press release or announced material change. There are plenty of reasons for the stock to move, IPO of subsidiary pending, CHINA in WTO, hi-techs in play, etc. I do agree with their strategy of an IPO on the HK market. As for the relationship between the companies, the Oct. 28 NR contains what has been made public.