Forum Archive Index - April 2000

["Wayne Williams" <waynewilliams@clear.net.nz>]

Ian

 

Thanks......the post should have referred to MV 25cps......attached is my calc which I sent directly to Derek Watt later.....

 

My post today was in error re 25-30cps as eps......I had prev calc the mv as 25-30cps on the following basis (facts per Headliner of 8/3/00 & comments by Auck based Director Paul Hyslop)....not obvious that digital copy available.......

 

Yr 1  Hospitality net profit $3m

Yr 1  Onthenet/Radionet net profit $1m

Yr 1  eps (400m shares) = 1cps capped @ say 20 = 20cps

 

Yr 2  5 e-commerce related acquisitions ex cash flow of Igaucu & Cobb & co chain..."rev ex IT division likely to eclipse hosp in yr 2"

 

yr 2 assume Hosp np 3m

yr 2 assume it np 3m

 

eps = 1.5 @ 20x =30cps

 

Mike Conner says "..expect share price to excedd 20c in fairly short order as the capital markets start to recognise the growth potential that Onthenet reresents. This will give WN a market of $80m......"

 

Note WN up from 12 to 14 today......

 

 

Cheers

----- Original Message -----

From: Ian Andrews

To: sharechat@sharechat.co.nz

Sent: Friday, April 07, 2000 7:59 AM

Subject: Re: [sharechat] Tag Pacific / Wilson Neill

The internet association makes Wilson Neill hard to value, but I think you should re-read the "Headliner" article. The EPS forecast is well away from 25-30c per share. There have been some major changes in share ownership, including the reappearance of ex-Wilson Neill Ltd CEO Colin Herbert on the share register with 1.5 million shares. A lot of questions remain literally unanswered about the company's operation. The meeting to approve the Igacu & Radionet purchases brought the predicted shareholder support. A new listing is predicted by end of June. A main board listing, but this will require a complete change in the way business has been done. Perhaps a "new market" listing is envisaged.