Re: Shares on issue ERG -- Anonymous

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Subject: Re: Shares on issue ERG

Author:
MonJan 20,03 Egoli egilmore view of the effect on ERG's financials based on different assumptions (on existing shares on issue pre reconstruction)--re Washington announced same day 20/1/2003

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Date Posted: Saturday, March 01, 06:01:32pm
In reply to: Pre consolidation post consolidation. 24/1/03 's message, "Shares on issue ERG" on Thursday, January 23, 09:16:54am

Name: egilmore
Location: Sydney, nsw Australia
Date: Monday, January 20, 2003 at 3:44:00 PM
Subject: ERG new contract in washington
Comments:
Worth USD20m over 5 years . I'll assume NPM of 15% despite the fact ERG has never had more than 11%. Shares on issue 936m. NPAT at 15% will contribute $1.02m to ERG NET EARNINGS. The amount is completely negligible with such an issued capital of nearly one billion shares.

Even if we "decide" to allow 40% GPM it will still add to EPS less than QUARTER OF ONE CENT !
Some will find this post as negative . I agree it is not a positive one, but could not refrain from doing the numbers game, just to verify , to myself, that we are not missing, on a big turning point .
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ERG has today added 3c to its beleaguered share price. Enjoy the ride as long as it is misty over there ...cheers eG

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Replies:

Subject	Author	Date
Hi thankyou Egilmore, for your assesment of impact on eps	giving weight to events that have.occurred post June 30th.itemised list of improvements.(ERG somesavings/points identified/period 30/6/02 to 31/12/02-report 11/3/03--13/1/03.)	Saturday, March 01, 06:22:02pm