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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: hobojoe who wrote (1594)	4/12/1999 11:28:00 PM
From: Kimberly Lee	Respond to of 108040

thanks, hobo. The credit of discovering LPGLY belongs to xcr600, and he rightly deserves the kudos. Here is some more info on LPGLY, looking better and better: Posted on the Yahoo boards.... London Pacific Group Ltd. (LPGLY) Net asset value at the end of the period was $377.4 million ($5.86 per share or $23.44 per ADR) The stock trades as a ADR on the NASDAQ. Book Value was $23.44 vs todays price of 13 5/8. PE = 8 dividend = .93 or 6.46% earnings the last two years were $1.85 and $1.67 total market cap of only $232.7 million They own 1,377,467 shares of NetGravity(NETG) worth aprox $60 million. They own 2,605,864 shares of Net Perceptions. (15.1%) Net Perceptions has filed to go public. If Net Perceptions only trades @ $30, it would be worth $78 million. freeedgar.com. ar=99&SECIndex=10965&Extension=.tst&PathFlag=0&TextFileSize=409008&SFType=&SDFil ed=&DateFiled=3/24/99&SourcePage=FilingsResults&UseFrame=1&OEMSource=&FormType=S -1/A&CompanyName=NET+PERCEPTIONS+INC I read a msg on the SI board that says they may have investments in 15 private companies totaling $100 million at their cost. I have found two more so far. They have invested in both the second & third round venture funding of ConvergeNet Technologies. Total amount of venture funding has been $30 million. I don't know how much LPGLY has put in. These investments were made in Sept 98 & Feb 99. They also invested $6 million in XLNT. They were part of a third round venture funding of XLNT back in March 98. Both of these investments look like they could be future IPO's. The value of their private venture capital investments could far exceed their market cap. Plus they have a real business that earned $1.85 per share last year!