RPII provides securities brokerage, investment banking, and trading services to emerging growth and small capitalization
corporate clients and investors through its principal operating subsidiaries. For the nine months ended 10/98, total revenues fell
11% to $34.3 million. Net loss totalled $6 million, up from $2.5 million. Revenues reflect losses from principal transactions and
decreased commision revenues. Higher losses reflect a rise in occupancy and equipment expenses.
Research Partners Int'l
N MARKET GUIDE INC
G
K Copyright (c) 1999, Market Guide Inc., All rights reserved
G TABLE OF CONTENTS
L
OUS;RPII[MG]/2 L<<< Company Description
OUS;RPII[MG]/3 L<<< Quarterly Summary
OUS;RPII[MG]/4 L<<< Company To Industry Ratio Comparison
OUS;RPII[MG]/5 L<<< Share Ownership & Price Performance
OUS;RPII[MG]/6 L<<< Capitalization, Officers & Address
OUS;RPII[MG]/7 L<<< Annual Income Statements
OUS;RPII[MG]/8 L<<< Annual Income Statements - Continued
OUS;RPII[MG]/9 L<<< Quarterly & Year To Date Income Statements
OUS;RPII[MG]/10 L<<< Annual & Quarterly Balance Sheets
OUS;RPII[MG]/11 L<<< Annual & Year To Date Statement of Cash Flows
G
G
G
OComplete Financials: G October 1998 OExchange G NASD
O G OFY END G JAN
L ISSUE DATA (01/29/99) PER SHARE DATA RATIOS
OPrice $ G 1.72 OEPS (TTM) $ G -1.23 OP/E (TTM) G NM
O52W High $ G 3.75 ODiv. Rate $ G NA OYield G 0.00 %
O52W Low $ G 1.53 OBook Value $ G 2.75 OPrice/Book G 0.63
OShrs Out G 8.41 Mil OCash $ G 0.69 OROE (TTM) G -36.75 %
OFloat G 5.00 Mil ORev (TTM) $ G 5.45 OROA (TTM) G -27.58 %
OMon. Vol G 0.21 Mil O G OCurr. Ratio G NM
OBeta G 0.28 O G OLT Dbt/Eqty G 0.02
O BRIEF: G RPII provides securities brokerage, investment
G banking, and trading services to emerging growth and small
G capitalization corporate clients and investors through its
G principal operating subsidiaries. For the nine months ended
G 10/98, total revenues fell 11% to $34.3M. Net loss totalled
G $6M, up from $2.5M. Revenues reflect losses from principal
G transactions and decreased commision revenues. Higher losses
G reflect a rise in occupancy and equipment expenses.
G
G L HISTORICAL QUARTERLY RESULTS ($000)
LREVENUE 1996 1997 1998 1999
O1st Qtr APR G 7,157 18,400 8,549 15,388
O2nd Qtr JUL G 10,844 20,604 14,795 12,406
O3rd Qtr OCT G 12,273 14,004 15,117 6,546
O4th Qtr JAN G 12,745 14,742 10,215
LEPS (U.S. Dollars per share)
O1st Qtr APR G -0.040 0.400 -0.300 0.040
O2nd Qtr JUL G 0.310 0.400 0.000 -0.240
O3rd Qtr OCT G 0.270 0.090 -0.010 -0.530
O4th Qtr JAN G 0.070 0.120 -0.490
G
G 7/98, Name changed from GKN Holding Corporation.
G
L DIVIDENDS EMPLOYEES
O Last Dividend Decl. G $ NA O # Employees G 442
O Last Div Ex-Date G NA O Sales/Employee (TTM) G 100,803
O Last Div Pay Date G NA O Net. Income/Empl.(TTM G) NM
G
G
LCOMPANY COMPARISON TO THE FINANCIAL (NON-BANK) AND S&P 500 AGGREGATES
LVALUATION RATIOS: COMPANY INDUSTRY S&P 500
OP/E Ratio G NM 24.56 35.52
ODividend Yield G 0.00 1.32 1.26
OPrice to Tangible Book G 0.74 5.23 12.30
OPrice to Book G 0.63 4.76 8.83
OPrice to Free Cash Flow G -26.05 15.78 49.18
LGROWTH STATISTICS:
O3 Yr Rev Growth G 14.52 20.18 16.71
O3 Yr EPS Growth G NM 20.07 17.49
O3 Yr Div Growth G NM 17.52 11.18
OReinvestment Rate G 100.00 79.69 68.73
LPROFITABILITY RATIOS:
ONet Profit Margin G -22.44 12.26 10.77
OReturn on Equity G -36.75 19.36 22.95
OInterest Coverage G NM 3.20 8.50
LFINANCIAL STRENGTH RATIOS:
OCurrent Ratio G NM 2.15 1.49
OLT Debt to Equity G 0.02 3.49 0.85
OTotal Debt to Equity G 0.02 3.01 1.08
L INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
G O % Shares Out. Owned G 6.71 % ONet Insider Trades G 0
O # of Institutions G 7 O# Buy Transactions G 0
O Total Shs Held G 0.564 Mil O# Sell Transactions G 0
O 3 Mo. Net Purch. G 0.006 Mil ONet Shares Bought G 0.000 Mil
O 3 Mo. Shs Purch. G 0.056 Mil O# Shares Bought G 0.000 Mil
O 3 Mo. Shs Sold G 0.050 Mil O# Shares Sold G 0.000 Mil
G
O 4 Week Price % Change G 1.8% O 4 Week Rel. Price % Change G -1.1%
O 13 Week Price % Change G -1.8% O 13 Week Rel. Price % Change G -15.7%
O 26 Week Price % Change G -44.2% O 26 Week Rel. Price % Change G -49.6%
O 52 Week Price % Change G -32.9% O 52 Week Rel. Price % Change G -47.8%
OYTD Week Price % Change G 1.8% OYTD Week Rel. Price % Change G -1.1%
G
L SHORT INTEREST
O Current month G 0.005 Mil
O Previous month G 0.001 Mil
O Avg Daily Vol. G 0.005 Mil
G
LMARKET MAKERS: G MHMY INCA BRAD WIEN NAWE GAIN TSCO PENN HRZG
OEQUITY: GCommon Stock $.0001 Par, 12/98, 35M auth., 9,209,875 issd.,
Gless 798,976 shares in Treas. @ cost. Insiders control
Gapprox. 40%. IPO 8/96, 2,500,000 shares @ $6 by
GPennsylvania Merchant Group Ltd. (As of 1/98) LTD: $576K @
Gundisclosed rate. Preferred Stock $.10 Par, 1.2M auth.,
G1,140,000 issd.
G
OOFFICERS: GRoger Gladstone, Pres., David Nussbaum, Chmn./CEO,
GRichard Feldman, Sr. VP/CFO, Peter Kent, COO/CAO, Lester
GRosenkrantz, Exec. VP, Robert Gladstone, Exec. VP. TRANSFER
GAGENT: Continental Stock Transfer & Trust Co. Co. incorp.
G1987 in DE. Inquiries to: Director of Investor Relations.
O ADDRESS & PHONE NUMBERS
GResearch Partners Int'l
GOne State Street Plaza
GNew York, NY 10004
GPHONE: (212) 509-3800
G FAX: (212) 809-6189
G
G
LANNUAL INCOME STATEMENT ($000)
L 12M 01/31/95 12M 01/31/96 12M 01/31/97 12M 01/31/98
OCommissions G 21,804 30,418 50,153 38,328
OInvestment Banking G 9,607 6,003 11,391 6,024
OPrincipal Trans. G 433 5,683 4,277 1,715
OInterest G 262 540 1,620 1,339
OOther G 304 375 309 1,270
O Total Revenue G 32,410 43,019 67,750 48,676
OComp. & Benefits G 22,713 27,038 41,187 35,051
OCommunications G 2,563 2,631 3,846 4,930
OBrokerage/Clear/Ex. G 908 1,350 2,324 3,281
OOccupancy/Equipment G 1,633 2,112 2,757 3,520
OBusiness Development G 780 869 1,507 2,072
OProfessional Fees G 1,315 738 2,426 3,973
OOther G 1,604 1,994 2,347 5,805
O Total Expenses G 31,516 36,732 56,394 58,632
O Operating Income G 894 6,287 11,356 -9,956
LANNUAL INCOME STATEMENT ($000) (Contd.)
L 12M 01/31/95 12M 01/31/96 12M 01/31/97 12M 01/31/98
O Operating Income G 894 6,287 11,356 -9,956
O Income Before Taxes G 894 6,287 11,356 -9,956
OIncome Taxes G 513 2,818 5,027 -3,443
O Income After Taxes G 381 3,469 6,329 -6,513
O Pri/Bas EPS Ex. XOrd G 0.075 0.689 0.927 -0.803
O Pri/Bas EPS In. XOrd G 0.075 0.689 0.927 -0.803
OPrimary/Basic Avg Sh G 5,063.00 5,037.02 6,824.16 8,114.25
OCommon Dividends/Shr G 0.0000 0.0000 0.0000 0.0000
LSELECTED INCOME STATEMENT ITEMS ($000)
L QUARTERS YEAR TO DATE
L 3M 10/31/97 3M 10/31/98 9M 10/31/97 9M 10/31/98
ORevenue G 15,117 6,546 38,461 34,340
OOperating Expenses G 14,978 12,856 42,435 43,133
O Operating Income G 139 -6,310 -3,974 -8,793
ONon-Operating Income G 0 0 0 0
ONon-Operating Expenses G 0 0 0 0
O Income Before Taxes G 139 -6,310 -3,974 -8,793
OIncome Taxes G 196 -1,990 -1,468 -2,802
OAdjustments to Income G 0 0 0 0
O Inc. for Primary EPS G -57 -4,320 -2,506 -5,991
O Pri/Bas EPS Ex. XOrd G -0.007 -0.526 -0.307 -0.732
ODisc Opns + Xord Items G 0 0 0 0
O Pri/Bas EPS In. XOrd G -0.007 -0.526 -0.307 -0.732
OPrimary/Basic Avg Sh G 8,096.77 8,211.99 8,120.99 8,137.37
O Dilutd EPS Excl XOrd G -0.007 -0.526 -0.307 -0.733
O Dilutd EPS Incl XOrd G -0.007 -0.526 -0.307 -0.733
OCommon Dividends/Shr G 0.000 0.000 0.000 0.000
LSELECTED BALANCE SHEET ITEMS ($000)
L YEAR ENDING QUARTER ENDING
L 01/31/97 01/31/98 10/31/97 10/31/98
OCash & ST Investments G 17,856 8,111 5,813 5,811
OReceivables G 9,357 896 6,219 3,156
OLT Investments G 0 0 0 0
OFixed Assets G 1,251 1,043 1,122 2,135
O Total Assets G 51,633 36,972 43,909 28,199
OAccounts Payable G 2,186 1,441 2,540 1,521
OST Debt & Curr LTD G 0 0 0 0
OLT Debt & Cap Leases G 738 576 571 499
O Total Liabilities G 16,607 9,351 12,527 4,951
OPreferred Stock G 0 114 114 114
OCommon/Paid In Capital G 19,929 20,675 20,450 20,913
ORetained Earnings G 18,247 11,734 15,741 5,743
O Total Equity G 35,026 27,621 31,382 23,248
OShares Outstanding G 8,226 8,096 8,096 8,411
LSELECTED STMT OF CASH FLOWS - INDIRECT METHOD ($000)
L ANNUAL YEAR TO DATE
L 12M 01/31/97 12M 01/31/98 9M 10/31/97 9M 10/31/98
ONet Income G 6,329 -6,513 -2,506 -5,991
ODepreciation & Amort. G 578 724 536 566
ONon Cash Items G -607 344 909 -1,359
O Total Operating CF G -471 -4,694 -7,495 -2,144
OCapital Expenditures G -800 -230 -92 -1,056
O Total Investing CF G -3,200 -1,354 -851 -1,122
ODividends Paid G 0 0 0 0
OSale (Purch.) of Stock G 13,885 -3,511 -3,511 1,050
ONet Borrowings G -231 -186 -186 -84
O Total Financing CF G 13,654 -3,697 -3,697 966
OExchange Rate Effect G 0 0 0 0
ONet Change In Cash G 9,983 -9,745 -12,043 -2,300
OOper CF-Cap Exp-Div Pd G -1,271 -4,924 -7,587 -3,200
KCopyright (c) 1999, Market Guide Inc., All rights reserved
G
Feb-03-1999 15:33 GMT
Symbols:
US;RPII
Source [B] Market Guide |
