YMG Capital Management Inc (YMG) was Central Capital (CEH)

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Gold/Mining/Energy
YMG Capital Management Inc (YMG) was Central Capital (CEH)

An SI Board Since November 1997

Posts	SubjectMarks	Bans	Symbol
14	1	0	YMG

Emcee: M. Merriam	Type: Unmoderated

Introduction Market Data Compact

Central Capital (CEH) and Yield Management Group have proposed a merger of the two companies. On Friday, CEH was up 0.50 to 1.75 on the news. CEH has some money in the bank and a TSE listing, but their main asset is their prior tax losses which can be used to reduce the taxes of any new owners.

What is the fair value of the CEH shares, assuming that the merger will take place as planned? In other words, should I buy, sell or hold? Any ideas or comments?

Here's a link to the news release:

newswire.ca

--Mike Merriam

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Reply	Message Preview	From	Recs	Posted
14	Thanks. So rather than being undervalued now, YMG has simply found a reasonabl	Marcman	-	6/14/1998
13	I'm not really following YMG anymore, but I have a couple of comments. You	M. Merriam	-	6/13/1998
12	Is anyone still following this company?????? Just when I start getting interest	Marcman	-	6/12/1998
11	The YMG Capital annual report and other info can be found at the YMG Web Site:	G Edwards	-	5/14/1998
10	FYI: The new company is YMG Capital Management Inc, and starts trading on the T	David Carlson	-	2/25/1998
9	Can anyone explain why the shares are so high? In the information circular, th	M. Merriam	-	1/6/1998
8	I notice that the bid for CEH is now down to 1.70. Looks like the buyers are d	M. Merriam	-	12/5/1997
7	Re: My previous assumptions are not upheld Ed and others, The CEH/YMG informa	M. Merriam	-	12/3/1997
6	Thanks Mike, the voting, non-voting shares makes sense to me now. If some of t	Ed Mitukiewicz	-	12/1/1997
5	Good questions Ed. Here are my thoughts: <i>Tax losses, where did you g	M. Merriam	-	12/1/1997
4	Hi Mike, I'm not going to argue with any of your figures but do have some c	Ed Mitukiewicz	-	11/30/1997
3	I wanted to update my estimates of the value of CEH/YMG shares (assuming 66.6 m	M. Merriam	-	11/28/1997
2	Ashoka: Nice to have someone on this thread. At first, I had no idea how to v	M. Merriam	-	11/20/1997
1	Mike: This is my 3rd attempt to post this !! I think this is a good play for	ashoka	-	11/19/1997

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