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| Subject: As we know additional to the below | |
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Author: Thanks Lost Ive pinched that---Stevo. |
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Date Posted: 11:47:05 01/08/03 Wed As we know additional to the below is a premium for the company itself, this is valuing at the barest minimum and makes no allowance for a forward multiple---in immediate extreme we also add once the situation becomes known which is not too far away--the impact of 100% controlled entity ITS--re Sydney---plus San Francisco--which are both outsourced. We are even doing the notes forward of time, for it has not officially gone through yet---so you could also chuck in some other things as well--to beef it up a bit.--Stevo. Symbol Last Change $ % Open High Low Volume More Information Broker Edit ERG 0.000 na na 0.000 0.000 0.000 0 Profile Chart Customise Broker Quotes delayed 20 minutes, Australian Market Opens in 3 Hours 20 Minutes (6:40:44 AM:AEDT) Posted by: lost Jan 8 2003 4:04:18:093PM Reply to post #3515 by michaelirish1 Go to Post # Previous Respond Message List Next G'day michaelirish1, Explanation of 85-92 cents increase is based upon a valuation which was after the 1 for 10 share consolidation. At the time Westfield from The Australian had surmised that a share price of 3 cents for ERG was applicable so the post takes into account what he was saying at the time. I was also looking at the possibility that the share market may mark down the share price at the time to its market capitalisation prior to the announcement of note consolidation. I will recalculate and add more details: Calc one(notes conversion): 292 Million shares approximately after consolidation. Removal of $249 Million convertible note liability. 249 million divided by 292 million equals 85 cents per share. Calc two(notes conversion including one year of interest payments): 292 Million shares approximately after consolidation. 249 million plus $18.49 Million for one year interest payments = $267.49 Million. 267.49 Million divided by 292 million equals 92 cents per share. Hope this helps, if not ask away. Best of Luck Lost (Voluntary Disclosure:Position Short Term rating:Buy Long Term Rating:Buy) OZeStock Advertisment:"Get yourself an institutional advantage!" Previous Respond Message List Next Bookmark Member Ignore Member Bookmark Board Terms Of Use Violation -------------------------------------------------------------------------------- Neither OZeStock nor the persons making the postings are licensed investment advisers. Therefore, before acting on the basis of what is said in a posting, you should either:(i) consider consulting a licensed adviser (ASIC's web site at www.asic.gov.au has a list of licensed advisers); or (ii) visit ASIC’s consumer website at www.watchdog.asic.gov.au for general guidance about investing. Persons making postings are individually responsible for the accuracy and authenticity of their postings. Because OZeStock and persons making postings are not licensed investment advisers, you will have no access to ASIC approved dispute resolution schemes to recover any losses you may suffer by relying on the postings. Securities cannot be offered to you for sale or subscription on this site. You should contact OZeStock or ASIC Infoline on 1300 300 630 if you suspect that any postings are inaccurate, based on inside information or likely to mislead and deceive viewers/users. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re:ERG have already paid for the back office system | re San Franciscorecovereability wise | 11:51:40 01/08/03 Wed |