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

To: Patherzen who wrote (61)	4/14/1999 12:58:00 AM
From: goin HOG wild	Read Replies (1) \| Respond to of 737

I like what I see in the chart below. Majority of institutional buying. thomsoninvest.net Hit HOME and enter the ticker symbol.

To: Patherzen who wrote (61)	4/14/1999 10:32:00 AM
From: architect*	Read Replies (3) \| Respond to of 737

Patherzen, Am I reading this right? Any Comments? Consolidated Balance Sheet (Preliminary) at 31 December, (Restated) $'000 $'000 Fixed assets 1998 1997 Investments 1,327,914 1,300,944 Total assets less current liabilities 1,667,761 1,588,420 Deferred taxation (13,318) (6,069) Long-term insurance reserves (1,276,115) (1,211,108) long-term liabilities (880) (1,609) Shareholders' funds 377,448 369,634 Looks to me the Net asset value of $377.4 million $23.44 per ADR , includes the 1.327 billion in investments, Someone mentioned 15 private companies totaling $100 million at their cost, Is this the 1.327 billion in investments at market value? 1) 1,377,467 shares of NetGravity (NETG) at $57/ share = $78 million @ market value 2) 2,605,864 shares of Net Perceptions at say $30 = $78 million @ market value 3) The $6 million initial investment in XLNT could someday be = $78 million @ market value. 4 ) LPGLY's share of ConvergeNet Technologies. could someday be = $78 million @ market value . on to 15) could someday be = $78 million @ market value 15 companies x $ 78 million @ market value = $ 1.17 billion in investments at market value???, Are these 15 companies the $1.37 billion in investments listed in the balance sheet?? This statement in the news release leads me to believe they are The Group has amended its accounting policy with respect to the valuation of listed equity investments. Listed equity investments were previously included within fixed assets and stated at cost less any long-term decline in value. Under the new policy, these investments are included within current assets and are marked to market with all changes in their market value recognized in the profit and loss account for the period. Price/Book value comparison as of 4/13/99 close CMGI = 20. 5 x book value SFE = 10.6 x book value WCAP = 8.7 x book value BGF = 6.5 x book value PWCC = 4.6 x book value LPGLY = 1.2 x book value good luck on your investments John