Dear all
we hold our first shareholder meeting in our new offices at White Mall Island yesterday . Let me summarize the outcome.
Status:
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We are on track with our different business activities:
a) Investment. We manage actively an important portfolio of shares quoted on the WSE which is contributing to the stability of our assets. We also started to invest in different SL projects in order to diverse our portfolio. Main focus at the moment is given to real estate. One example is White Mall Island, others are in evaluation.
b) Investment banking. So far we developed three products. Loans, equity/venture capital and deriviatives. For loans and equity/venture capital we offer interesting conditions. We acquired already first customers and plan to expand this business.
On the deriviative side we are proud to have developed the first product within SL. It is a basket with 100% capital protection which combines security together with predefined fix dividend as well as capital gain. On May 20, LEM future basket got its approval as IPO under the name of LFB. We see a lot of potential for such products in SL.
c) Business support. A main topic of LEM is to bring RL companies into SL. We haven't realized a project yet but are in negotiations with different companies
d) Environment: We created Lemur Foundation recently. 10% of our benefit goes into this NPO which is financially supporting environmental initiatives within SL. The foundation is also open to the public. Different negotiations with environmental groups are ongoing. Projects are welcome at any time.
Financials:
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Assets: 2'200'000 $L (value of own shares not included of course, we control 80% of the stocks)
Number of shares: 2'000'000
NAV : 1.10
NAV decreased slightly mainly caused do to investment in different new projects and as well through a slight decrease of share prices.
Dividend:
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We plan to pay a dividend on 1st of July. After that dividends will be paid quarterly only.
Our main objective is to maintain a balance in between share value increase and dividends we pay. The dividend we pay shall be 50%. The remaining rest of the benefit will be reinvested.
Next steps:
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We continue to consolidate our different businesses. First priority have our new derivative products, then the management of our real estate and finally to bring RL companies into SL.
Greetz
Casper Trebuchet
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
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