Santafe change of name to Chasewater Investments

Broker Report 25th December 2006

Logica2me Investments urges investors to take a close look at a fledgling company being run by the old stalwart Stephen Lempriere. eBay profits for 2007 are set to be in the region of £1800 per month which will mean a FY profit of £21,600 for the company, if the recently opened eBay shop achieves its projected turnover of £73,000 next year. Whilst this may seem a bold move, Stephen explained at a recent press conference that the business only needs a turnover of £200 a day to achieve the margin of £60 per day profit.

The shares are a buy at these levels, despite the bold prospective PE.

Joseph H Logica2me