Forum Archive Index - November 2000

["Steve Moxham" <stevemox@e3.net.nz>]

It doesn't look all bad for SVY if their half year announcement is anything to go by:

 

"Savoy Equities is pleased to announce that the company has returned to
profitability as a result of it's increased focus in the technology sector.
The forecast net profit of $5m (8.9c per share = P/E ratio of 2.1 at current share price of 19c)

for the full year is already substantially realised by transactions to date.  The company is expecting to further lift its profit for the year 2001. The company intends to take immediate steps for a 1 for 10 consolidation of its capital base from 559,866,880 ordinary
shares to 55,986,688 ordinary shares (completed).  To facilitate it's regional expansion
plan, eSavoy is in the process of completing a private placement program to a
pre-selected group of international private equity funds and industry
partners.  The NZ$45m private placement is due to be completed by the
year-end."