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Ok... is this right... Scottie shows 3.8M OS... and then news comes out like this...
MIAMI, FL -- (Marketwire) -- 09/10/09 -- Expert Group, Inc. (PINKSHEETS: EXPU) is pleased to announce that the company has achieved over $111.7 million dollars in Origination for the month of August 2009.
CEO Robert Rico stated: "This is a huge increase over our $12.5M in origination for July. This increase was driven by the opening of our new Aventura Mall location as well a major deal originated through our commercial division. This is by far the biggest origination month the company has ever had. We will have a report on specific profit numbers sometime later this month."
Expert Group is fully committed to branding "Expert Group" as a household name for all residential and commercial lending needs. We continue to expand in high visibility locations and secure more originators to reach this goal.
Robert Rico continued: "Now that we have several years' worth of revenue under our belt, we have enough data to make educated revenue projections. These numbers are based on what we are currently realizing with the number of originators active now."
"Expert Group projects that by year's end we will have our 3rd location open and have a total of 100 originators operating. With 100 originators we conservatively project that we will close 100 loans per month. As I have stated before, Expert Group realizes between $4,000-6,000 in revenue per closed loan. Using the mean figure of $5,000 per loan, we project $5 million dollars in annual revenue when operating with 3 locations and 100 originators."
In 2010, Expert Group plans to add an additional 3 locations (one location every four months). This will bring Expert's total number of originators to 250. Operating at this capacity Expert projects $12.5M in annual revenues.
By mid 2011, Expert plans to operate at full capacity with 400 originators at 9 different locations. When operating with this number of originators Expert Group will realize $20,000,000 in annual revenues.
Robert Rico continued: "We are experiencing tremendous growth and we are growing responsibly. Please note that these estimates do not include jumbo loans and loans from our commercial division. These revenue estimates are purposefully conservative in order to give real investors an idea of the value of our company."
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MacReport Media PublishingMIAMI, FL--(Marketwire - October 29, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU) announces that for 2009 the company will not be in need of raising any additional capital.
2009 is a milestone year for Expert Group as we faced a crisis in the mortgage market and were actually able to increase our originations and closings. In a time when other businesses in the mortgage industry failed, we not only survived, we found new ways to thrive. 2009 is on track to be Expert Group's biggest year ever, by far.
Some of Expert Group's achievements in 2009:
Expert Group received approval and became a certified FHA Lending Institution.
Expert Group opened 2 new offices in Miami-Dade County: one in Aventura and another in BAL Harbour.
Expert Group enhanced our brand through television, billboards, and special features such as The Best of South Florida. http://www.bestofsouthflorida.tv
Expert Group added to our management team as well as added processors to our back office.
Expert Group currently has 65 originators actively working to secure new business.
Expert Group was featured prominently on Mortgage Daily, the largest publication in the industry. http://www.mortgagedaily.com
Expert Group will celebrate the grand opening of the BAL Harbour location this November. At this event the company will receive the prestigious Proclamation Award from the city of Bay Harbour Island.
Expert Group has signed with 10 new banks in 2009 including Bank of America. This brings our alliances with banks to 50. Because of these strategic partnerships Expert can find more people better loans. Expert Finance's loan closing rate is up do to New Leads, ADS, Originators, and New Offices.
Robert Rico said: "I would like to address shareholders concerning their questions about shares issued to raise capital. I understand everyone's concern. Expert Group is growing a business responsibly with your interest in mind; that being said, the company is done raising capital for 2009. Through the recent addition of shares into the market, Expert Group was able to raise approximately $250,000. These monies have been used to establish the new BAL Harbour office and I'm pleased to report that we're headed into 2010 with a good pool of capital. I will continue to keep shareholders informed through press releases and our blog at http://www.expertgroupblog.com through the remainder of the year. Lastly, look for numbers shortly; we believed it was best to release this news before the numbers so that investors could feel confident in making valuations about our growing company."
Expert Group's current share structure is 43M o/s with approximately 21M in the float.
"Our plan is to expand our services by opening multiple locations. Such locations will be a community bank type of store front in highly populated areas. We plan to open new locations and expand to over 400 originators in 2010."
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EXPU making it easier for people to own a home: EXPU proudly announces it now offers Ginne Mae backed FHA loans.
Ginnie Mae securities are currently among the most secure investments in the global capital market. In 1934, during the depths of the Depression, Congress passed the National Housing Act to strengthen a deeply troubled housing market. An important element of this legislation was to make mortgage funds available to more Americans by protecting lenders from the risk of default. Ginnie Mae is the only agency to offer mortgage-backed securities backed by the full faith and credit of the United States government.
What Does This Mean For Expert Financing?
Expert Financing now offers FHA Loans to clients with a FICO score as low as 560 direct to Ginnie Mae. Overall, a score of 650 or above is a sign of a very good credit and is considered a good credit score. People with scores of 650 or higher will, all things considered, have a good chance of obtaining quality loans at the best interest rates.
With scores below 620, consumers may still obtain a loan. However, getting a loan in such cases is extremely tough, as creditors consider scores below this value to be an indication of greater credit risk.
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Hiya Chi!! EXPU looks to be doing well this morning as well!! Last Price (USD) $ 0.057 Change ▲ 0.005 (9.62%) Bid 0.056 Ask 0.057 Volume 879,292 Day's Range 0.055 - 0.059 CEO Robert Rico concluded: "I firmly believe our strongest quarter in 2009 will be the fourth quarter. On Nov 16, 2009 We Celebrate the Grand Opening of Our Bal Harbour Location. The City will present us with a Ribbon cutting ceremony as well as The Proclamation Award. We launched a marketing campaign with Clear Channel. Expert is working in creating the proper scenario to brand itself as the 'go to' firm for all your real Estate lending needs."
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Not a bad at all for EXPU imo.... possible great EOW here. Last Price (USD) $ 0.055 Change ▲ 0.003 (5.77%) Bid 0.0425 Ask 0.069 Volume 1,370,360 Day's Range 0.0535 - 0.059 Last Trade 4:32:16 PM EST
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EXPU here is some due diligence from another site
EXPU UPDATED DD
Expert Group’s primary revenue engine is “Expert Financing.” This company specializes in providing residential and commercial loans and has been in business since 2005 in the Florida marketplace.
Recently, Expert Financing has experienced a notable surge of growth, showing a solidly profitable 2009 Q3 and what appears to be an even brighter future.
Expert has also assisted in loans for luxurious projects like the Icon Brickell, Aventura Marina, Williams Island, the Continuum in South Beach, Aqualina and The Trump in Sunny Isles Beach.
This presentation will deal primarily with Expert Financing and showcase their achievements as well as speculate about their future potential.
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2009 has been a significant year for Expert Financing. Several milestones were reached. Some of these include: Expert secures FHA lending status. Expert partners with several new banks and lending institutions, including Ginnie Mae. Expert opens two new locations. Expert greatly increases originators and originations. Expert begins offering Government backed SBA loans Expert enhances brand recognition through television, billboards, and special features such as The Best of South Florida. http://www.bestofsouthflorida.tv Expert added to their management team as well as adding processors to their back office. Expert currently has 65 originators actively working to secure new business. Expert was featured prominently on Mortgage Daily, the largest publication in the industry. http://www.mortgagedaily.com Expert will celebrate the grand opening of the BAL Harbour location this November. At this event the company will receive the prestigious Proclamation Award from the city of Bay Harbour Island. Expert Group signed with 10 new banks in 2009 including Bank of America. This brings Expert’s alliances with banks to 50. Because of these strategic partnerships Expert can find more people better loans. Expert Finance's loan closing rate is well above average within the industry SOURCE: http://www.marketwire.com/press-release/Expert-Group-1067596.html
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EXPU SHARE STRUCTURE
As of November 2009 Authorized Shares = 100,000,000 Outstanding Shares = 43,661,833 Float = 22,134,412
The EXPU Transfer Agent is not gagged. Investors can call the TA and receive current share structure information. Phone: (602) 485-1346
As per an October 2009 press release, CEO Robert Rico stated that all funding for 2009 had been completed. Our understanding from this recent PR is that the share structure will remain stable at least until sometime in 2010. Rico also said: “…I'm pleased to report that we're headed into 2010 with a good pool of capital.” http://www.marketwire.com/press-release/Expert-Group-1067596.html It strongly appears from these statements and information that the 22M float share structure is currently solid. http://www.marketwire.com/press-release/Expert-Group-1067596.html
Robert Rico is chairman of the board of directors of Expert Group Inc. as well as the chairman of Expert Financing & Investments Inc. a company he co-founded in 2005. Expert Financing has been originating conventional and government loans since its inception. The company started as a retail firm providing millions of dollars in real estate loans to all types of borrowers including domestic and foreign nationals for all kinds of properties including condominiums, single family residences, town houses, commercial buildings like hotels, strip mall, gas station, restaurants, warehouses, industrial facilities and day care to name a few. Expert has also assisted in loans for luxurious projects like the Icon Brickell, Aventura Marina, Williams Island, the Continuum in South Beach, Aqualina and The Trump in Sunny Isles Beach. The company operates as a public company with its shares trading on the over the counter under the stock symbol EXPU. As a loan origination and marketing firm, utilized as an independent outsource platform for several national and regional community banks. "We have originated and closed millions of dollars in loans since our inception with steady production consistent to date." Robert Rico is a self-made entrepreneur with experience in both the public and private sector with a clear vision for Expert Financing to become the "go to firm" for all your real estate lending needs.
“We are successfully branding the 'Expert Financing' name all over the Florida marketplace. We offer people the absolute best deal on home loans. Our closing ratio is higher than other lenders.” http://www.marketwire.com/press-release/Expert-Group-1060141.html
“The Company recorded net income of approximately $187,192.17 or $.0044 earnings per share, for the quarter ended September 30, 2009. This represents a 350% increase when compared to total net income for the quarter ended September 30, 2008.” http://www.marketwire.com/press-release/Expert-Group-1071631.html
.0044 x 4 (quarters) = .0176 annual EPS
A P/E multiple of 10 is the standard multiplier for companies within the mortgage industry.
.0176 x 10 = .176
Using a P/E multiple of 10 this puts EXPU at approximately .176 cents per share based on 2009 Q3 numbers alone!
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MORE PPS VALUATION SCENARIOS -- Q4 2009 / Q1 2010
Scenario: 100 Originators
"Expert Group projects that by year's end [2009] we will have our 3rd location open and have a total of 100 originators operating. With 100 originators we conservatively project that we will close 100 loans per month.” http://www.marketwire.com/press-release/Expert-Group-1042684.html
100 x $5,000 = $500,000 monthly revenues
Using a profit margin of 50% this means $250,000 monthly net income for Expert or $750,000 quarterly net income.
This would mean $.0175 earnings per share for Q1-Q2, 2010 (based on 43M o/s). .0175 x 4 = .07
Using a P/E multiple of 10 this would put a value of about 70 cents per share on EXPU stock in this scenario.
50% profit margin this means $1M monthly in net income for Expert. This would be $3M in quarterly net income.
Quarterly earnings per share with a 43M o/s would be approximately .07 cents per share.
.07 x 4 (quarters) = .28
Using the industry standard PE multiple of 10 this gives EXPU a valuation of $2.80 cents per share in this scenario.
It should be noted that all of these valuations do not take into account several “X Factors” that may greatly and positively impact net income. Let’s consider a few…
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