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Gold/Mining/Energy : International Properties Group (IPX-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: trustmanic who wrote (52)	3/2/1999 8:50:00 PM
From: JayPC	Respond to of 104

After reviewing IPX annual report, I am very glad i bought in a $.68. This company is worth far far more. Anything under $2.00 is a huge bargain! Jay

To: trustmanic who wrote (52)	3/2/1999 11:39:00 PM
From: mark calgary	Read Replies (2) \| Respond to of 104

Thanks for the update. The stock has been on the upswing over the last week, but Gundy has been throwing stock into the ask almost constantly. Today things were moving along fine and then POW - check out the offer. Bid Ask #Ord #Sh Price #Ord #Sh Price 2 1,500 0.80 1 2,000 0.85 1 2,500 0.78 2 145,000 0.89 1 30,000 0.77 1 1,000 0.93 1 2,000 0.75 1 9,000 0.94 1 9,000 0.74 2 4,000 0.95 Gundy doing all the selling and with the size of the order would have to say its either someone big or Gundy that's looking to clear out. Good riddance. The first quarter results are out and look very good. International Properties Group Ltd IPX Shares issued 33,307,562 1999-02-26 close $0.78 Monday Mar 1 1999 Mr. Phillip Carroll reports For the three months ended Jan. 31, 1999, revenue was $29.3-million, net earnings were $1.0-million and cash flow from operations was $2.4-million. Compared with the same period in the prior year, revenue increased by 90 per cent while net earnings and cash flow from operations increased by 51 per cent and 116 per cent respectively. Earnings per share were three cents while cash flow per share was seven cents, representing 50 per cent and 75 per cent increases, respectively, over the prior year. Consistent with the company's current business plan, the revenue properties division contributed approximately two-thirds and the condominium conversion and sales division contributed the remaining one-third of cash flow from operations. The net operating income of the revenue property division increased by 73 per cent over the prior year as a result of 1998 acquisition activity and improved performance at all properties. Gross margin of the condominium conversion and sales division increased by 54 per cent over the prior year, the result of a 30 per cent increase in unit sales and an increase in contribution per unit sold. FINANCIAL HIGHLIGHTS Three months ended Jan. 31 (thousands of dollars) 1999 1998 Revenue $29,258 $15,365 Operating expenses 27,337 14,162 Operating earnings before taxes 1,921 1,203 Net earnings 993 659 Cash flow from operations 2,447 1,134 Earnings per share 3 cents 2 cents