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| Subject: Here it sits at 10c in December 2002. | |
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Author: Fundamental analysis December 2002 |
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Date Posted: 02:57:51 01/28/03 Tue Subject: Re:On valuations for ERG extrapolation Author: Anonymous [ Next Thread | Previous Thread | Next Message | Previous Message ] -------------------------------------------------------------------------------- Date Posted: 02:11:40 12/04/02 Wed In reply to: 's message, "The significance of ERG at the moment 10c March 15th 2002 100% ownership Proton" on 02:11:40 12/04/02 Wed -------------------------------------------------------------------------------- As it moves through time I'm confident that it will unlock written down values and will progressively be worth more in staggered fashion---Sydney is part of that and so are Delloite---the valuation will change through time depending on which values are unlocked---go into complicated detail with some transactions that have been done in the past that are recorded on this scratchpad---there are also sorts of woinderful things in getting rid of depreciation and amortisation and matching it out---and all sorts of stuff like that--then the 55 million in licence fee's deferred but not disallowed--then you have the reversal of 9 mill for Prepayment Cards---heaps of stuff in the past accounts that will have an effect in the future---with ERG---with a March 2003 view----I'm not all concerned with it as a company---the next result as P Fog says (and sometimes he surprises)---it will just on sentiment be a beauty--as the writedowns are one off and non recurring and occured in the past financial years---ERG will be as P Fog say's profitable at the ebitda level---from that point--as it progresses from there I see a really good September 2003--the next six months after that--then ERG will really come into it's own in 2004--thats my view and I'm correct. Here it sits at 10c in December 2002. -------------------------------------------------------------------------------- [ Next Thread | Previous Thread | Next Message | Previous Message ] [ Next Thread | Previous Thread | Next Message | Previous Message ] |