In Australia, most co's pay dividends, and the market value of the stock, is based on the dividend paid. The dividend was around 8 cents a couple of years back and the stock was around $5-$6 mark (ALU has been as low as 37 cents this year), then around 18 months back they paid no div, DXP was late (very late) so not much in the way of dollars coming in when you are not shipping the product. SP3 has been in pre release now for 6 months and the router promised to be a super router is ... well... who knows... Of course one day the stock may improve but will I live that long, it has dropped about 20% in the last 2 weeks.
While they were promising DXP to ship in first qtr of 02, from Nov 01 to Mar 03 the stock went from about $5 to $1 and then at that point they said DXP would now not be released on time.. Its was released in July 02, but was not ready to ship, here we are over one year later and still many outstanding issues with DXP. Bottom line, not happy as a shareholder or user. There I have sent the email that I have intended sending for months. Rant mode off again. Darren Moore > -----Original Message----- > From: Abd ul-Rahman Lomax [mailto:[EMAIL PROTECTED] > > > At 08:53 PM 11/4/2003, you wrote: > > >What a do know is the 200,000 ALU shares I own are > >now half what I paid for them.... with only 2 cent > >div for the last year, the IPO was at $2.00 so they > >have lost several hundred million of shareholders > >money.. > > Or, you might say, they have invested it in forms that the > market does not > recognise. It's not lost unless those assets are liquidated. > > Looks to me like there are about 88 million shares > outstanding. According > to the annual report, the company (consolidated) has a net > worth (including > intangibles) of $130 million. That would be about $1.50 per share. > > The market is valuing Altium at about $0.50 per share, I think (?). > Intangibles aside, the company has a net worth of about $7 > million. Now, > the $64 question is: > > Is the software and goodwill worth $36 million (the market) > or $130 million > (the financial statement)? Or what? > > Given some companies have paid to acquire software companies, > your shares > might be worth, if you hold them, substantially more than you > paid for > them. Or not. > > Now, where is that crystal ball? I know it's around here somewhere! > > Altium has been buying back its shares. I'd guess it is > paying market for > them, so it must think that they are worth more than that! * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * To post a message: mailto:[EMAIL PROTECTED] * * To leave this list visit: * http://www.techservinc.com/protelusers/leave.html * * Contact the list manager: * mailto:[EMAIL PROTECTED] * * Forum Guidelines Rules: * http://www.techservinc.com/protelusers/forumrules.html * * Browse or Search previous postings: * http://www.mail-archive.com/[EMAIL PROTECTED] * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
