WCE stopped all ongoing IPO's for the moment. As a matter of fact we decided to go ahead with our company with IPO or without.
In order to calculate a performance for our portfolio we use the status of our company of March 7, 2007 as a reference. The initial stock stock capital of our LEM is 600000 $L which is divided into 1500000 shares with a nominal value of 0.4 $L per share. For the IPO we will release an additional 1500000 shares for the public.
Since the beginning of March 7 our assets grew up to 850000 $L mainly invested on the WCE. Major position includes HCL, DDE, GCS, YEP, AMS. The calculated NAV per share increased from 0.4 to 0.55 $L or approximately 30%.
We expect that the value of our portfolio will increase another 20% by the end of April.
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