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

To: FUZFO who wrote (138)	4/15/1999 1:18:00 PM
From: rupert1	Read Replies (1) \| Respond to of 737

This posting on Yahoo Board - 1st April write-up: Lpgly write up.... by: DY_64119 468 of 473 Bottem line Personal...a monthly newsletter on business and investing had a write up in the April 1 issue: "$$$London Pacific Group Ltd. sells insurance and annuity products through 2,000 agents in 40 states. It is organized in Europe but operates primarily in the US. London Pacific has $4 billion under management and pays a dividend of 93 cents a share per year, for a yield of around 7%. But is is little followed on Wall Street. It trades at only about six times earnings. Excting: The firm has a venture-capital division, which has invested about $100 million in nearly 15 technology companies. Even a single big venture-capital success could significantly boost shareholder value. And London Pacific is getting its house in order. It settled a multiyear lawsuit in 1998...recently sold a trust operation to focus on its core business...and bought back 6% of its own stock las year." Arical by William Nasgovits portfolio manager of the $155 million Heartland Value Plus Fund.