Forum Archive Index - September 2003

["James Sherbert" <james_sherbert@hotmail.com>]

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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