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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: donkeyman who wrote (1932)	5/9/1999 6:59:00 PM
From: Link Lady	Read Replies (2) \| Respond to of 3896

Could someone tell me what is meant by P/S and target price. I don't want to speculate on meaning. stockhouse.com Institutionally Recommended by: Canaccord Capital, based on Commerce Comparables whose average P/S is 41.5, MCF's price target valuations are based on FY 2000 projections with these P/S benchmarks: P/S* Target Price 10 $13 15 $19.50 20 $26.00 Revenue Growth Background: Microforum has shown excellent revenue growth in fiscal 1998. Q1 results which ended in May 31 posted a 310% revenue increase, Q2 which ended on August 31 posted another record revenue increase of 576% or over $6 million. Q3 results showed revenue growth jump of 625% which represents $9,059,212. TECHNICAL TRADING BOARD-MCF,TSE Accumulation Date Price Technical Sell Potential From 01/11/99 $1.28 01/19/99 $2.12 +65% From 02/11/99 $1.55 04/13/99 $2.50 to $2.84 +61%~83% (Notes: Sold 1/2 and held a core position) 04/28/99 $5.50 to $9.35 +355%~603% Target price exceeded. The TTB sold half again and will hold a core position indefinitely. Canaccord Capital analyst, David Wong, believes MCF is undervalued compared to its peers. "We believe the market is finally realizing the fundamental value of MCF...In light of our valuations, we believe MCF still has some upside and recommend investors to buy on any major pullbacks." Recently much press was made about NADAQ listed Razorfish Inc., a similar company whose shares nearly quadrupled last week having just started publicly trading. Razorfish has a market cap of about U.S. $1 billion and makes about $30 million in revenue. Microforum has a market cap of about CDN $140 million and has revenues in the $30 million range. With Microforum planning a NASDAQ listing, some speculation is being made as to where MCF could be valued given that eventuality. Another Price Surge? Microforum should be ready to release its year-end and Q4 results. If positive, don't be surprised to see the stock run. Edited News Releases: NEWS RELEASE -- MICROFORUM INC. (TSE:MCF) MICROFORUM GIVES WEB SUPPORT TO BACKCARE EXPERTS Toronto, Ontario, Canada, May 5, 1999 - Microforum Inc. (TSE:MCF) is pleased to announce that it has signed an Internet Website development contract with Obus Forme Ltd., the world leader in backrest support systems. Financial terms of the contract were not disclosed. Microforum will design, develop, and implement a new Obus Forme website. Microforum will also create a unique search engine called a "dealer locator". This search engine is designed to help customers find the nearest Obus Forme Ltd. dealer. "We are pleased that Obus Forme Ltd. has chosen Microforum to redesign and develop their website. We are confident it will lead to increased sales in business and enhanced consumer awareness," stated Howard Pearl, President and CEO of Microforum Inc. "This new contract builds on our current business and demonstrates confidence in Microforum and PPL's abilities to deliver." Based in Toronto, Obus Forme Ltd. (www.obusforme.com) was created in 1979 and currently employs 100 full-time staff. It has manufactured and sold millions of its patented back supports in Canada, the United States and 26 other countries.