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[sharechat] Strathmore

From:	"John crawford" <jcrawfor@voyager.co.nz>
Date:	Wed, 1 Sep 1999 16:39:29 +1200

Am interested in knowing what is driving this share price up.

As far as I can see, the company is a cashbox with $2m in cash, and 15m shares on issue. Even assuming that there is a value of an additional $2m in avoiding IPO expenses, this still equates to a net asset per share of $4m/15m or about 25c

What is the justification for the current premium ???

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