Forum Archive Index - September 2003

[nickk@quicksilver.net.nz]

Who is Michael Erceg? 


James Sherbert writes: 

> Just finished reading the prospectus. What a great read ;0) 
> 
> I would love to know if anyone has an opinion on it. 
> 
> In short, I like the business; premium product with a great branding story 
> and potential to put NZ on the map;  but am very skeptical that any new 
> shareholders will ever make a return on it. 
> 
> 121m shares + 48.3m warrants @ 50c = EV of $84.7m. Assume a rough revenue 
> muliple of 2 then they need annual revenues of $42.3m to support this. 
> Propsectus forcast for next year; $4.4m revenue. 
> 
> Wonder what Michael Erceg thinks of it?? 
> 
> James 
> 
>  
> 
>> From: Robin Benson <rob@hammerheadmedia.co.uk>
>> Reply-To: sharechat@sharechat.co.nz
>> To: sharechat@sharechat.co.nz
>> Subject: [sharechat] 42 Below IPO
>> Date: Tue, 23 Sep 2003 20:27:13 +0100 
>> 
>> Good morning 
>> 
>> Gaynor on 42 Below float, just in case anybody is seriously considering 
>> it :O) 
>> 
>>      http://tinyurl.com/oedn 
>> 
>> Robin 
>> 
>> 
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> 
> _________________________________________________________________
> Need more speed?  Get Xtra Jetstream @  
> http://www.xtra.co.nz/products/0,,5803,00.html ! 
> 
> 
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