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Non-Tech
Cityscape Financial (CTYS)
An SI Board Since June 1997
Posts SubjectMarks Bans Symbol
2544 6 0 CTYS
Emcee:  Nutty Buddy Type:  Unmoderated
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1619 Sankar, that means that some conversion has occired (about 12 MM shares) but diZeev Hed-11/14/1997
1618 Zeev: I think in the conference call they told 44 mil shares as outstanding. IRational-11/14/1997
1617 Bruce, if the buyer would pay a premium than it will go to earnings (and book),Zeev Hed-11/14/1997
1616 zeev, I'm not sure that the buyer wouldn't pay a premium. I see entireBruce A. Thompson-11/14/1997
1615 Bruce, I am afraid not, since I do not know the discount rate they used originaZeev Hed-11/14/1997
1614 Sankar, I think you are mistaken, on Sep 1996 they had 31 MM shares and Sep 199Zeev Hed-11/14/1997
1613 Zeev, based on what I know they pay ror loans when they buy/originate them, theBruce A. Thompson-11/14/1997
1612 Bruce, it depends how deep a discount they will have to sell these for. The booZeev Hed-11/14/1997
1611 From the 10Q "The company will seek to sell for cash its US home equity rBruce A. Thompson-11/14/1997
1610 Apparently not, since they are still assuming 32.5 MM shares roughly the same aZeev Hed-11/14/1997
1609 I think about $50 mil of conv is remaining and at today's price, it will amRational-11/14/1997
1608 > If we assume conversion of the $100 MM shares at $2/sahres, we will have 8sjemmeri-11/14/1997
1607 Exactly the correct definition. We originate mortgage loans on a correspondentBruce A. Thompson-11/14/1997
1606 Shane, I do not think they will bid it up for long. Here is my take, the net boZeev Hed-11/14/1997
1605 I am as nervous today as I first became early October when the price suddenly dRational-11/14/1997
1604 Anyone have any kind of explaination of why U.K.'s credit market is in worsJohn Liu-11/14/1997
1603 "oúrigúiúnate (.-r1j".-n3t") v. oúrigúiJohn Liu-11/14/1997
1602 I also am an originating banker that sells deals to CTYS. I bought in within 1Bruce A. Thompson-11/14/1997
1601 I wish someone had asked hard questions about the stock's plunge, insider sPloni-11/14/1997
1600 <this was all known to directors who sold at prices 2+.> Right -- plus tBrooks Jackson-11/14/1997
1599 I think the book equity of $4.7 per share created the exuberance. But, this waRational-11/14/1997
1598 Delinquency seem to be getting worse in U.K., but better in U.S. Today's rBrooks Jackson-11/14/1997
1597 I noticed the other sub-prime companies being pounded (especially FPFG)... SincShane Stump-11/14/1997
1596 I do not think big players have ventured in. Big players seem (to me) to have Rational-11/14/1997
1595 What do you think of the forward looking statement portion of the CTYS earningsShane Stump-11/14/1997
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