Summary
=================================================================================
NAV rose over last two months (3May-30Jun) from 0.72 to 1.637.
Net profitability of own capital is 6.38% /month
Dividend is 2% /share/month
Two derivatives have been developed. LFB traded on the WSE board (actual value 9.75) and LWI the first index derivative in SL which runs as IPO at the moment.
We will continue politicy to develop new financial derivatives and put them on the market in order to become one of the leading derivative company in SL.
Furthermore, we will expand our financial services for third parties and intense our activities to bring RL companies into SL.
These measures will positively influence the future profitability of LEM
Results (period May-June)
================================================================================
Income ($L):
------------
Financial products : 668'725
Consulting : 46'000
TOTAL : 714'725
Expenses ($L):
--------------
Financial Products : 414'510
Donation : 23'000
Tier : 10'000
Wages : 12'000
TOTAL : 459'510
net bi-monthly profit ($L) : 255'215
use of profit: 80'000 dividends, 175'215 to go into next reporting)
Asset ($L)
----------
WSE : 4'532'918
AVIX : 831'003
DSE : 60'000
Land : 120'000
Cash : 600'000
Investment : 10'000
Total : 6'153'921
Liabilities ($L)
----------------
Loan : 2'800'000
Dividend : 80'000
Total foreign capital : 2'880'000
Constitutional capital LEM: 2'000'000
Constitutional capital LFB: 1'000'000
Reserves : 98'706
Profit : 175'215
Total own capital : 3'273'921
Total liabilities: 6'153'921
Bi-monthly dividend/share : 0.04 $L /month
NAV 1.637
Notes:
========================================================================
(1) We did quite a bit of trading, in fact rather successfully, also we lost money with AMD and ACT. However, this is not our main objective. Major shares packets we
possess right now are in HCL, AVIX, AIC, THI, MDC to name the five most important.
(2) We are much too way into shares and want to reduce our trading activities. The latter is one of the reasons why we created the derivative LWI which we will also use for our own purposes and which is actually running as IPO on WSE. it will help us with little efforts to manage our portfolio in an efficient way. The strategy behind is challenging and the development so far is not too bad as the calculated index rose more than 7% in the last week. If this tendency would continue we would be more than happy... LWI considers 34 shares from WSE which show a good performance. The index is equally weighted and follows Laspeyres. Free float is considered but only informal as this data is not very transparent in SL, unfortunately. We would like to weight the shares after their market capitalization but this makes little sense without having information about the free float of the shares. The index is managed actively.
(3) We want to expand our services related to derivatives which includes portfolio analysis. We want to become one of the major players in this field within SL. Different products are in evaluation right now. LFB as first derivative within SL is doing well and counts more than 80 shareholders. Unfortunately, the basket itself suffers from slumping share values of HCL, AIC, BNT and RDX. However, a minimum dividend of 2% is still guaranteed and the up coming WIC will hopefully boost the values of the shares again which are listen on WSE. Other products are in development.
(4) Our main objective is still to bring RL companies into SL and support them to setting up. We weren't very active so far as we also have a RL..lol. But still, we plan to increase our activities in this field significantly. We are in contact with different companies.
(5) We reduced our loan activities as we don't consider them as relevant for us. Real estate is also not our main focus also we don't refuse to finance such projects. Our property with 8192 qm on White Mall Island is rather small but fits largely our purposes. Indirectly we are invested in real estate due to positions in our portfolio we hold as ETC, BNT etc. ETC is not only a financial investment but also a contribution to support an environmental initiative we highly appreciate.
(6) It is the first time that we give a donation to LEM foundation. LEM foundation is an IPO which was created by us but which operates independently. The main goal is to support innovative environmental projects within SL. Actually discussions are ongoing with AAC in order to sponsor some of their activities. There are actually 23'000 $L available. Projects can be suggested to Casper Trebuchet.
(7) Outlook
Linden statistics are showing that the economy is growing. Logically this also will have an impact on the stock exchange markets within SL. We expect quite a lot of the WIC if it will be fully available and WSE integrated into it. However, there also threads. If the authorities would start to apply regulations for the Linden economy then this wouldn't be helpful and probably kill the business aspect of LL. But's lets be optimistic. SL is a gameland and cannot replace real economy...
Next report:
===================================================================================
In the future we will report and pay dividends on a monthly basis. The NAV will only be published at the end. We continue to publish daily values for LWI till the title is sold off and weekly for LFB on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet
Greetz
Casper Trebuchet
Chairman
Saturday, June 30, 2007
Tuesday, June 26, 2007
Index calculation...free float?
I was asked about our calculation methid and it is a pleasure to give you further information.
Normally, in RL, indexes are calculated after Laspeyres and under consideration of free floats.
Laspeyres is calculated from a set of fixed quantities of a finite list of goods. We are assumed to know the prices in two different periods. Let the price index be one in the first period, which is then the base period. Then the value of the index in the second period is equal to this ratio: the total price of the basket of goods in period two divided by the total price of exactly the same basket in period one (after www.about.com)
Free float simply stipulates that not all of the shares are available for trading and that only those should be considered for the calculation which are available. The index is then weighted by the free float. Normally a free float value around 20% is used as a minimum criteria to exclude shares and there is also a minimal criteria for market capitalization.
Well, we thought about this and that is why we came up with a different calculation method.
Free Float: A joke in WSE. Companies like RDX, ACE, AMS and a few others own more than 95% of their own shares (and alter egos possessions or those of the board are even not considered). If we would apply a free float there would be no way to get authentic information and probably only a few companies could be considered.
Market capitalization: another problem as the differences between small and large companies are important. We could put a limit by 5 millions $L or similar but again, together with free float nothing practible would come out.
Thus!!!!!!
LWI's goal: We want to aim to go towards a real index but think that is too premature as the market is not yet developed enough. For the time being we think that is better to calculate a performance index as we do in LWI.
LWI rules:
1) Free float, market capitalization, dividends, business plan are considered to judge whether a title get a place in the index or not
2) an audit over each company in the index takes place each month. The first time when the IPO is sold off. After that a case report form is sent monthly to each company to ask about free floats and others figures in their company. This information is used together with 1) to evaluate the status of the companies
3) We give each share the same weight in the index. We think that this situation reflects the market of WSE much better in the time being. The majority of larger companies on WSE wouldn't fulfill free float conditions anyway. Our method honors on the other hand the performance increase of the innovative smaller companies
4) Paid out dividends are considered in the calculation
5) The calculation then follows Laspeyres
Hope this helps to clarify...derivatives are a bit special but great if you take time to understand them...
By the way, LWI rose to 1078.13 .
And of course I will take the time to give you further information if you like, just IM me.
Greetz
Casper Trebuchet
Normally, in RL, indexes are calculated after Laspeyres and under consideration of free floats.
Laspeyres is calculated from a set of fixed quantities of a finite list of goods. We are assumed to know the prices in two different periods. Let the price index be one in the first period, which is then the base period. Then the value of the index in the second period is equal to this ratio: the total price of the basket of goods in period two divided by the total price of exactly the same basket in period one (after www.about.com)
Free float simply stipulates that not all of the shares are available for trading and that only those should be considered for the calculation which are available. The index is then weighted by the free float. Normally a free float value around 20% is used as a minimum criteria to exclude shares and there is also a minimal criteria for market capitalization.
Well, we thought about this and that is why we came up with a different calculation method.
Free Float: A joke in WSE. Companies like RDX, ACE, AMS and a few others own more than 95% of their own shares (and alter egos possessions or those of the board are even not considered). If we would apply a free float there would be no way to get authentic information and probably only a few companies could be considered.
Market capitalization: another problem as the differences between small and large companies are important. We could put a limit by 5 millions $L or similar but again, together with free float nothing practible would come out.
Thus!!!!!!
LWI's goal: We want to aim to go towards a real index but think that is too premature as the market is not yet developed enough. For the time being we think that is better to calculate a performance index as we do in LWI.
LWI rules:
1) Free float, market capitalization, dividends, business plan are considered to judge whether a title get a place in the index or not
2) an audit over each company in the index takes place each month. The first time when the IPO is sold off. After that a case report form is sent monthly to each company to ask about free floats and others figures in their company. This information is used together with 1) to evaluate the status of the companies
3) We give each share the same weight in the index. We think that this situation reflects the market of WSE much better in the time being. The majority of larger companies on WSE wouldn't fulfill free float conditions anyway. Our method honors on the other hand the performance increase of the innovative smaller companies
4) Paid out dividends are considered in the calculation
5) The calculation then follows Laspeyres
Hope this helps to clarify...derivatives are a bit special but great if you take time to understand them...
By the way, LWI rose to 1078.13 .
And of course I will take the time to give you further information if you like, just IM me.
Greetz
Casper Trebuchet
Monday, June 25, 2007
LWI - update and difference to LFB
Different avatars and furries asked us. Yes..LFB and LWI are completely different derivatives:
LFB: Capial protection 100% with minimal dividend of 2% per month plus a participation of max 5% per month on the value increase of a reference basket which consists of six shares (WSE: HCL, RDX, SLM, AMA; AVIX: AIC, BNT). Duration one year
LWI: Capital protection 95%. No dividend but 95-100% participation on value increase of calculated INDEX on 34 selected shares traded at WSE. Paid company dividends are included in the calculation. Reimboursement after six month.
In other word, if you want to sleep well you buy LFB and if not...LWI. Of course we think that Lemur WSEIndex (LWI) will only be bullish in the future.
The WSEIndex fell slightly to 994.3 over the weekend. However, weekends are often not the best for share values - can it be that other things are more fun then WSE...lol
Coming end of month will bring us dividends, company reports and the Index should climb again. End of this week we then will update the index and replace some of the weaker shares in it.
Greetz
Casper Trebuchet
LFB: Capial protection 100% with minimal dividend of 2% per month plus a participation of max 5% per month on the value increase of a reference basket which consists of six shares (WSE: HCL, RDX, SLM, AMA; AVIX: AIC, BNT). Duration one year
LWI: Capital protection 95%. No dividend but 95-100% participation on value increase of calculated INDEX on 34 selected shares traded at WSE. Paid company dividends are included in the calculation. Reimboursement after six month.
In other word, if you want to sleep well you buy LFB and if not...LWI. Of course we think that Lemur WSEIndex (LWI) will only be bullish in the future.
The WSEIndex fell slightly to 994.3 over the weekend. However, weekends are often not the best for share values - can it be that other things are more fun then WSE...lol
Coming end of month will bring us dividends, company reports and the Index should climb again. End of this week we then will update the index and replace some of the weaker shares in it.
Greetz
Casper Trebuchet
LFB - no high five
for the basket.
Again on the down path -can we break this tendency in the future? We probably not but the the company owner could...
The weighted basket lost -10.52% since 9Jun07 (see sidebar)! Mainly driven due a weak HCL which is still recovering from the turmoils of last week and a BNT which has high flying plans as ever but somewhat problems to show results..
Well, end of month will bring us new information (hopefully) and outlooks which should bring up the values again. And we all wait that WIC is opening the WSE trading window which should boost the titles in WSE, hopefully.
If the basket doesn't increase its value until 10th July LFB will pay a minimum dividend of 2%. We still hope for more of course.
Greetz
Casper Trebuchet
Again on the down path -can we break this tendency in the future? We probably not but the the company owner could...
The weighted basket lost -10.52% since 9Jun07 (see sidebar)! Mainly driven due a weak HCL which is still recovering from the turmoils of last week and a BNT which has high flying plans as ever but somewhat problems to show results..
Well, end of month will bring us new information (hopefully) and outlooks which should bring up the values again. And we all wait that WIC is opening the WSE trading window which should boost the titles in WSE, hopefully.
If the basket doesn't increase its value until 10th July LFB will pay a minimum dividend of 2%. We still hope for more of course.
Greetz
Casper Trebuchet
Saturday, June 23, 2007
LWI - WSEIndex is moving
The WSE-Index we calculate and which consist of 34 selected shares is the fundamental base of LWI. It increased its value since 21st June by 2.468%.
44% of the shares increased their values
21% are stable
35% of the shares decreased their values
We hope for our investors that this bullish tendency will continue as you could as shareholder almost entirely profit from this development (95-100%).
Of course we cannot really speak of a trend when our data just goes over two days. However, updated info over the index you will find on this blog.
We daily publish the calculated index till the IPO is sold off. Then we will switch on new web of LEM where we will give more information an statistics etc.
Greetz
Casper Trebuchet
LEM (CEO)
44% of the shares increased their values
21% are stable
35% of the shares decreased their values
We hope for our investors that this bullish tendency will continue as you could as shareholder almost entirely profit from this development (95-100%).
Of course we cannot really speak of a trend when our data just goes over two days. However, updated info over the index you will find on this blog.
We daily publish the calculated index till the IPO is sold off. Then we will switch on new web of LEM where we will give more information an statistics etc.
Greetz
Casper Trebuchet
LEM (CEO)
LEM - NAV update
It rose up to 1.33 this week.
Results will be presented on 2nd July together with bimonthly dividend payment of 0.04 $L/share.
Results will be presented on 2nd July together with bimonthly dividend payment of 0.04 $L/share.
Friday, June 22, 2007
LWI - wizard of oz?
The sum of the square roots of any two sides of an isosceles triangle is equal to the square root of the remaining side...well, apparently scarecrow was attentive in school and learned about Phytagoras.
The mathematical skills we ask in order to understand our product are even more basic, just elementary operations...also we know that you are all specialist in solution finding for infinite equations systems ...etc..
How can we make profit with our LWI we were asked?
???? FAST ANSWER ????
... for fast reader: We earn a maximum of 5% when the index is not increasing more than 267% either we lose.
???? COMPLETE ANSWER ?????
...for interested folks:
a) The calculation of the index is done the following way. At spot date when our product will start we take sum of the values of 1 share of all of the considered titles. This sum is put in relation to a value of 1000 points which is our spot reference. For each share a weight is then calculated. This weight is a multiplication factor which will be applied each time we calculate the actual value of the index. Paid dividends are also included in the calculation as they will be added to share value.
b) The money we get over the IPO we will invest according our LEM strategy and with high profitability, even higher as with LWI...we hope so.
c) If the index will decrease we earn the 5% which are not returned.
d) After the formula we give in our prospectus there is a limit where our product turns into a loss for us, lets develop this together..
Reference spot (Si,0) : Fixed when approved
Final fixing spot (Si,t) : Fixed when reached, t= final date
Exercise price (K) : 100% of reference spot (Si,0)
Capital protection (G) : 95%
Participation (P) : 1.03
Remboursement formula (A):
A = [G + P x Max (0, (Si,t - K)/Si,0)]
Example 1
=======================================
If Index at final date has a neg. performance of -10%, the investor get 95% of his capital back. In other words he has a loss of 5% and we a win of 5%
Example 2
=======================================
if index at final date has a positive performance of 50% after formula (A) the investor will get back 146.5% of his capital which is a win of 46.5%. We earn 3.5%
Example 3
=======================================
if index at final date has a positive performance of 300% after formula (A) the investor will get back 301% of his capital which is a win of 201%. We have a loss of 1%.
Threshold for loss is reached for us if increase of index is > 267%! I agree that our benefits are rather small but they are real. We don't want to rob our clients just participate a bit on their gains...;-)
Greetz
Casper Trebuchet
The mathematical skills we ask in order to understand our product are even more basic, just elementary operations...also we know that you are all specialist in solution finding for infinite equations systems ...etc..
How can we make profit with our LWI we were asked?
???? FAST ANSWER ????
... for fast reader: We earn a maximum of 5% when the index is not increasing more than 267% either we lose.
???? COMPLETE ANSWER ?????
...for interested folks:
a) The calculation of the index is done the following way. At spot date when our product will start we take sum of the values of 1 share of all of the considered titles. This sum is put in relation to a value of 1000 points which is our spot reference. For each share a weight is then calculated. This weight is a multiplication factor which will be applied each time we calculate the actual value of the index. Paid dividends are also included in the calculation as they will be added to share value.
b) The money we get over the IPO we will invest according our LEM strategy and with high profitability, even higher as with LWI...we hope so.
c) If the index will decrease we earn the 5% which are not returned.
d) After the formula we give in our prospectus there is a limit where our product turns into a loss for us, lets develop this together..
Reference spot (Si,0) : Fixed when approved
Final fixing spot (Si,t) : Fixed when reached, t= final date
Exercise price (K) : 100% of reference spot (Si,0)
Capital protection (G) : 95%
Participation (P) : 1.03
Remboursement formula (A):
A = [G + P x Max (0, (Si,t - K)/Si,0)]
Example 1
=======================================
If Index at final date has a neg. performance of -10%, the investor get 95% of his capital back. In other words he has a loss of 5% and we a win of 5%
Example 2
=======================================
if index at final date has a positive performance of 50% after formula (A) the investor will get back 146.5% of his capital which is a win of 46.5%. We earn 3.5%
Example 3
=======================================
if index at final date has a positive performance of 300% after formula (A) the investor will get back 301% of his capital which is a win of 201%. We have a loss of 1%.
Threshold for loss is reached for us if increase of index is > 267%! I agree that our benefits are rather small but they are real. We don't want to rob our clients just participate a bit on their gains...;-)
Greetz
Casper Trebuchet
Thursday, June 21, 2007
Lemur WSEIndex (LWI)
from the increase of share values at the WSE without any restriction but with 95% capital protection!
No joke, you just need some mathematics to understand that we invented a perpetuum mobile for you but also for us- in order to earn money- well, almost at least...
The Index is build over 34 stocks which are traded since a certain time on the WSE board, paid dividends and which share price is over IPO price.
The actual index will be published daily on
http://lemurinvest.blogspsot.com
form today on (11:00 am, SLT):
Detailed information you find in our company prospectus.
Why should you buy LWI?
(a) 95% capital protection but you fully profit from increasing share prices
(b) don't have to bother about trading and following share prices
(c) transparency, as we will communicate regularly about its development
(d) our index is build not with scam but consists of companies which proved that they do what they promise
(e) you can sell LWI shares at any time as they will be listed on the WSE board
(f) its a lazy way to earn money and to sleep well!
Risks?
Only one, if the index would decrease during the next the 6 months you will get 95% back so you would limit your losses to 5% plus the interests of course you would not get
Opportunities?
The shares go through a bearish phase right now, this is true, but not all of them and don't forget, WSE is still working on its WIC project which will open completely new markets in which we put a lot of emphasis. Now- it's the moment to invest in products like LWI to profit from the bright midterm outlooks stock exchange markets like WSE will have...don't wait any longer.
Greetz
Casper Trebuchet
(LEM, LFB, LWI)
You can IM me if you have further questions of course, u r welcome
No joke, you just need some mathematics to understand that we invented a perpetuum mobile for you but also for us- in order to earn money- well, almost at least...
The Index is build over 34 stocks which are traded since a certain time on the WSE board, paid dividends and which share price is over IPO price.
The actual index will be published daily on
http://lemurinvest.blogspsot.com
form today on (11:00 am, SLT):
Detailed information you find in our company prospectus.
Why should you buy LWI?
(a) 95% capital protection but you fully profit from increasing share prices
(b) don't have to bother about trading and following share prices
(c) transparency, as we will communicate regularly about its development
(d) our index is build not with scam but consists of companies which proved that they do what they promise
(e) you can sell LWI shares at any time as they will be listed on the WSE board
(f) its a lazy way to earn money and to sleep well!
Risks?
Only one, if the index would decrease during the next the 6 months you will get 95% back so you would limit your losses to 5% plus the interests of course you would not get
Opportunities?
The shares go through a bearish phase right now, this is true, but not all of them and don't forget, WSE is still working on its WIC project which will open completely new markets in which we put a lot of emphasis. Now- it's the moment to invest in products like LWI to profit from the bright midterm outlooks stock exchange markets like WSE will have...don't wait any longer.
Greetz
Casper Trebuchet
(LEM, LFB, LWI)
You can IM me if you have further questions of course, u r welcome
Monday, June 18, 2007
LFB - What's up?
The weighted basket lost 8.7% since 10th June! If this tendency continues LFB will pay a minimum dividend of 2% at 10th July. We hope for more of course.
I have to admit this drop cannot be neglected. What happened?
If we extend the underlying calculation till the 1st June the drop is even more significative .. -37.6%!
Well, if a stock exchange drops for 37.6% within 17 days we normally speak form a mega crash or a black June would be more appropriate. Should we forget about stocks in SL then?
We think that June was till now a month with quite unusual turmoils. Two stocks in the basket lost both >30% in the last two weeks, HCL and RDX.
The problem with HCL is communication. Monthly reporting and dividends are not adapted to the fast life cycles in SL! Especially not when there is somebody who wants to get the majority in HCL or there are former board members who like to dump shares in huge quantities? Thank you WSE 2.0 very much to give as a tool to follow such development at least form distance. Where is the explanation for this? Seen from the data we have we consider HCL as undervalued, but...Dear Luke, as life cycles in SL are much faster than in RL couldn't you switch to monthly reporting and dividends..? We are convinced that shares would then switch back to bullish again.
RDX. In May shares jumped up to values of 1000 $L and the owner told us that this was because somebody wants to overtake RDX. Well, apparently she owns roughly 96% of all shares (alter ego's not included). What is she speaking about? And even more serious, what happens at the moment - after 90 days - when she can sell their shares which will be soon. Is she dumping and cashing out her 100 million shares and vanishing for never be seen again ( I mean even when she can sell each share for 0.5 $L this is still a 50 million check)...understand me well, I see this more constructive. Anyway, it is up to the owner to secure us naive shareholders. Similar situations we find for ACE and AMS and in both titles the number of outstanding shares is huge... Is RDX therefore a value to invest in or to keep out? Principally we are convinced that the business model of RDX is nice and has potential either we wouldn't have considered is in our basket but more communication wouldn't be bad which would bring some stability and confidence again into the share.
BNT. They communicate and speak about SIM's they want to buy and future technology they want to develop but the shareholder is apparently more seen as a pain in the neck than something to take care of. We are quite reserved at the moment toward this title. We are sure that the owner only want the best for all of us, but well, let's wait and see. BNT is not doing better at AVIX as it did at WSE. By the way, unfortunately BNT is no longer on the WSE so we cannot see how the ownership looks like. BNT has 130 millions shares outstanding...!
AIC: Also lost 20% over the last two weeks. We think that AVIX is a good alternative to WSE and found its niche in SL. But also the other businesses of Allenvest are doing fine so we see AIC undervalued and its future rather bright. However, AVIX could improve. The option of WSE 2.0 which shows the most important shareholders and their share movements is really great. AVIX should include this too in their system to reduce insider business.
AMA: No liquidity in this share and we are not innocent as we control 60% of the public shares. It is to early to say something and we have to wait to the results of the first month
SLM: There is no doubt that marketing is important in SL and that SLM will get a big slice of the cake. Jon is doing a great job and is very helpful, even with shareholders..lol...On the negative side we can add the fast expansion, especially with the second offering which comes too early. But well, it helps at least to keep the share value stable. And we hope for SLM that they succeed.
Conclusion:
We go through a bearish phase right now, but think that this is only temporarily. If the weighted average of the basket will not turn its value into positive a minimum dividend of 2% will be paid on 10th July 2004.
We hope of course that we will touch the 7%. And, well, that we live in the best of all worlds where company owners are not basically thieves- us included of course.
No communication creates rumors and they are bad for the business...
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
I have to admit this drop cannot be neglected. What happened?
If we extend the underlying calculation till the 1st June the drop is even more significative .. -37.6%!
Well, if a stock exchange drops for 37.6% within 17 days we normally speak form a mega crash or a black June would be more appropriate. Should we forget about stocks in SL then?
We think that June was till now a month with quite unusual turmoils. Two stocks in the basket lost both >30% in the last two weeks, HCL and RDX.
The problem with HCL is communication. Monthly reporting and dividends are not adapted to the fast life cycles in SL! Especially not when there is somebody who wants to get the majority in HCL or there are former board members who like to dump shares in huge quantities? Thank you WSE 2.0 very much to give as a tool to follow such development at least form distance. Where is the explanation for this? Seen from the data we have we consider HCL as undervalued, but...Dear Luke, as life cycles in SL are much faster than in RL couldn't you switch to monthly reporting and dividends..? We are convinced that shares would then switch back to bullish again.
RDX. In May shares jumped up to values of 1000 $L and the owner told us that this was because somebody wants to overtake RDX. Well, apparently she owns roughly 96% of all shares (alter ego's not included). What is she speaking about? And even more serious, what happens at the moment - after 90 days - when she can sell their shares which will be soon. Is she dumping and cashing out her 100 million shares and vanishing for never be seen again ( I mean even when she can sell each share for 0.5 $L this is still a 50 million check)...understand me well, I see this more constructive. Anyway, it is up to the owner to secure us naive shareholders. Similar situations we find for ACE and AMS and in both titles the number of outstanding shares is huge... Is RDX therefore a value to invest in or to keep out? Principally we are convinced that the business model of RDX is nice and has potential either we wouldn't have considered is in our basket but more communication wouldn't be bad which would bring some stability and confidence again into the share.
BNT. They communicate and speak about SIM's they want to buy and future technology they want to develop but the shareholder is apparently more seen as a pain in the neck than something to take care of. We are quite reserved at the moment toward this title. We are sure that the owner only want the best for all of us, but well, let's wait and see. BNT is not doing better at AVIX as it did at WSE. By the way, unfortunately BNT is no longer on the WSE so we cannot see how the ownership looks like. BNT has 130 millions shares outstanding...!
AIC: Also lost 20% over the last two weeks. We think that AVIX is a good alternative to WSE and found its niche in SL. But also the other businesses of Allenvest are doing fine so we see AIC undervalued and its future rather bright. However, AVIX could improve. The option of WSE 2.0 which shows the most important shareholders and their share movements is really great. AVIX should include this too in their system to reduce insider business.
AMA: No liquidity in this share and we are not innocent as we control 60% of the public shares. It is to early to say something and we have to wait to the results of the first month
SLM: There is no doubt that marketing is important in SL and that SLM will get a big slice of the cake. Jon is doing a great job and is very helpful, even with shareholders..lol...On the negative side we can add the fast expansion, especially with the second offering which comes too early. But well, it helps at least to keep the share value stable. And we hope for SLM that they succeed.
Conclusion:
We go through a bearish phase right now, but think that this is only temporarily. If the weighted average of the basket will not turn its value into positive a minimum dividend of 2% will be paid on 10th July 2004.
We hope of course that we will touch the 7%. And, well, that we live in the best of all worlds where company owners are not basically thieves- us included of course.
No communication creates rumors and they are bad for the business...
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
Friday, June 15, 2007
NAV - update
NAV rose to 1.29 ...
also, and when I write these four events happened or are happening:
First Shaun Altman is back with his huge sell orders in different stocks like HCL.
Then secondly Nicholas Portocarreo from Ginko bank thinks he has to gift us with a 1 million share package in HCL after he bought everything he could get but drop them for dumping prices. And then suddenly the order is gone again..vanished into nirwana.
Third, shares prices in AIC and AVIX think they have to climb just after I sold important amounts in order to balance my accounts a bit.
And forth, suddenly MFM make a 50% drop just to be bought entirely by one person. Good for him of course and the prices are up again...
What should I say? Is this a normal day at WSE or AVIX or a sign that the markets are not yet mature or to keep the hands off or a green light to invest?
I'm quite stubborn. I'm convinced that all these stock exchange markets in SL make sense and logically have a future. If you have the same conviction than invest in LEM or LFB or you become afraid... You also can choose after shares of course...LOL.
To be more serious. I'm persuaded that Shaun, Nick, Midas and the AVIX team had good reasons to do what they did, do or will do. There is no problem with this. However, as we are all still in the start phase of all these stock exchanges, we have to be careful and learn about the circumstances these markets bring us in to. Solution will then come along easily. At least I hope so.
WSE is great but it has still a lack of communication. Reporting after three month time are not sufficient as the life cycles in SL are much shorter than in RL. Also it makes no sense to publish data only on the volume. More important are the number of investors and the amount of money they invest etc..Is the market growing or decreasing?
And for AVIX. Well they try to give a picture as they are the most honorable stock exchange market in SL. May be they are as their your system is really user friendly and the criteria they apply for new bees are though enough to keep away most of the possible scam, but there are things they might improve, like list the main share holders and their recent movements as WSE is doing. Either you open all doors for insider business...
Anyway, guess I had a too heavy supper or a glass of wine to much or got lost in my thoughts...up to you to decide...lol...I was recently in Cologne, Germany and they have a famous phrase there - who knows what it is good for.
You have to read my statements that way and of course I'm not unhappy about the development of the share value of LEM- moderate but steadily and hope for all of us only the best.
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
also, and when I write these four events happened or are happening:
First Shaun Altman is back with his huge sell orders in different stocks like HCL.
Then secondly Nicholas Portocarreo from Ginko bank thinks he has to gift us with a 1 million share package in HCL after he bought everything he could get but drop them for dumping prices. And then suddenly the order is gone again..vanished into nirwana.
Third, shares prices in AIC and AVIX think they have to climb just after I sold important amounts in order to balance my accounts a bit.
And forth, suddenly MFM make a 50% drop just to be bought entirely by one person. Good for him of course and the prices are up again...
What should I say? Is this a normal day at WSE or AVIX or a sign that the markets are not yet mature or to keep the hands off or a green light to invest?
I'm quite stubborn. I'm convinced that all these stock exchange markets in SL make sense and logically have a future. If you have the same conviction than invest in LEM or LFB or you become afraid... You also can choose after shares of course...LOL.
To be more serious. I'm persuaded that Shaun, Nick, Midas and the AVIX team had good reasons to do what they did, do or will do. There is no problem with this. However, as we are all still in the start phase of all these stock exchanges, we have to be careful and learn about the circumstances these markets bring us in to. Solution will then come along easily. At least I hope so.
WSE is great but it has still a lack of communication. Reporting after three month time are not sufficient as the life cycles in SL are much shorter than in RL. Also it makes no sense to publish data only on the volume. More important are the number of investors and the amount of money they invest etc..Is the market growing or decreasing?
And for AVIX. Well they try to give a picture as they are the most honorable stock exchange market in SL. May be they are as their your system is really user friendly and the criteria they apply for new bees are though enough to keep away most of the possible scam, but there are things they might improve, like list the main share holders and their recent movements as WSE is doing. Either you open all doors for insider business...
Anyway, guess I had a too heavy supper or a glass of wine to much or got lost in my thoughts...up to you to decide...lol...I was recently in Cologne, Germany and they have a famous phrase there - who knows what it is good for.
You have to read my statements that way and of course I'm not unhappy about the development of the share value of LEM- moderate but steadily and hope for all of us only the best.
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
Saturday, June 9, 2007
LFB - ... on the board now
LEM decided to took a major part in LFB instead of reducing the outstanding shares. In consequence LFB is now traded on the main board of WSE.
As our reference basket lost > than 20% within one week we had to adopt its value.
The share prices at approximately 10pm SLT of today, June 9, were the following: (weight in bracket)
HCL (10) = 2.75 => 27.5
BNT (10) = 0.99 => 9.9
AIC (10) = 1.20 => 12.0
RDX (10) = 2.00 => 20.0
SLM (2) = 0.98 => 1.96
AMA (2) = 1.14 => 2.28
========================
Sum = 73.76 = reference value of basket
Basket values will be published in our blog ( http://lemurinvest.blogspot.com ) from now on weekly, the first time on June 10 at 10pm SLT.
First dividend will be paid on July 10, 2007.
LEM want to thank WSE for their openness to bring such a product on the board. it will be first real derivate in SL and if successful we think that others may follow. The majority of WSE'poeople were quite open with their criticism and we heard things like this is completely nuts to very interesting idea. The future will show who was right. FOr us the whole business is not without risks, but risks we can handle.
We hope that such derivatives will help to motivate new avatars to join the SL stock exchange family and bring the markets to maturity.
Thank you very much for your support and interest and we will try to do our best in order to achieve a maximum dividend for our shareholders.
If you have any questions then please contact me by IM. I will then answer asap.
Greetz
Casper Trebuchet
As our reference basket lost > than 20% within one week we had to adopt its value.
The share prices at approximately 10pm SLT of today, June 9, were the following: (weight in bracket)
HCL (10) = 2.75 => 27.5
BNT (10) = 0.99 => 9.9
AIC (10) = 1.20 => 12.0
RDX (10) = 2.00 => 20.0
SLM (2) = 0.98 => 1.96
AMA (2) = 1.14 => 2.28
========================
Sum = 73.76 = reference value of basket
Basket values will be published in our blog ( http://lemurinvest.blogspot.com ) from now on weekly, the first time on June 10 at 10pm SLT.
First dividend will be paid on July 10, 2007.
LEM want to thank WSE for their openness to bring such a product on the board. it will be first real derivate in SL and if successful we think that others may follow. The majority of WSE'poeople were quite open with their criticism and we heard things like this is completely nuts to very interesting idea. The future will show who was right. FOr us the whole business is not without risks, but risks we can handle.
We hope that such derivatives will help to motivate new avatars to join the SL stock exchange family and bring the markets to maturity.
Thank you very much for your support and interest and we will try to do our best in order to achieve a maximum dividend for our shareholders.
If you have any questions then please contact me by IM. I will then answer asap.
Greetz
Casper Trebuchet
LFB - status
The stock markets in SL get more and more professional and are even opening now to the non- SL community. In parallel the companies adopt to this situation, develop and increase their transparency. We also can say the markets become mature and if we consider that the economy of SL doesn't stop with it's expansion there is no doubt that this will influence the stock market positively in the long run.
However, our reference was badly chosen. We will change our politicy in favor of our shareholders. The reference basket will be build at the day when the IPO is sold off (Ref-New). Then we compare. If the calculated basket value is higher as the one of 1st of June (Ref-Old) we use the old one and else the new one.
Ref-New > Ref- Old = Ref-Old
else Ref-New
We hope that this will help to boost the profitability of LFB to the maximum e.g. 7% per month.
In our promotional example the actual basket experienced a reduction of 16.94% (see table on sidebar) since 1st of June which would mean that the investor would get still a monthly dividend of 2% per month. However, if we apply the reference calculation as mentioned before the probability is high that the maximum dividend of 7% will be reached.
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
However, our reference was badly chosen. We will change our politicy in favor of our shareholders. The reference basket will be build at the day when the IPO is sold off (Ref-New). Then we compare. If the calculated basket value is higher as the one of 1st of June (Ref-Old) we use the old one and else the new one.
Ref-New > Ref- Old = Ref-Old
else Ref-New
We hope that this will help to boost the profitability of LFB to the maximum e.g. 7% per month.
In our promotional example the actual basket experienced a reduction of 16.94% (see table on sidebar) since 1st of June which would mean that the investor would get still a monthly dividend of 2% per month. However, if we apply the reference calculation as mentioned before the probability is high that the maximum dividend of 7% will be reached.
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
LEM - Dividend outlook
LEM is trying to find a balance in between dividend payment and share value growth.
We will publish our results on 2nd July. At the same time our first dividend will be paid for the months May and June. The dividend will be 0.04 $L/ share.
The NAV of LEM rose this week to 1.25 /share.
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
We will publish our results on 2nd July. At the same time our first dividend will be paid for the months May and June. The dividend will be 0.04 $L/ share.
The NAV of LEM rose this week to 1.25 /share.
Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)
Monday, June 4, 2007
LFB - Countdown
You may have noticed on our blog http://lemurinvest.blogspot.com that we just added a new option called
LFB status
on the sidebar.
As long as LFB is still an IPO we will daily publish the value of our reference basket. After that date, weekly.
Legend, e.g. for today (SLT)
82.72 = -10.75% : 03Jun07
X = Y : Z
X = Actual value of basket
Y = drop/increase in relation to reference basket of 1st of June
Z = date when X is taken
Reference is taken on 1st of June at 10:00 pm. If we believe the press of SL shares follow only one trend in the long run which is upwards. To take the reference already now on 1st of June and right before important companies have announced their earnings can be considered as a gift for our clients.
Daily values are always taken around 9-10:00 pm SLT. Please understand that we cannot define an exact time as processes to take the daily values could not yet automatised and we also have a RL. If there is a skilled scripter/programmer in SL who is interested to help us in doing so then feel free to contact us...!
Greetz
Casper Trebuchet
CEO
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
http://lemurinvest.blogspot.com/
LFB status
on the sidebar.
As long as LFB is still an IPO we will daily publish the value of our reference basket. After that date, weekly.
Legend, e.g. for today (SLT)
82.72 = -10.75% : 03Jun07
X = Y : Z
X = Actual value of basket
Y = drop/increase in relation to reference basket of 1st of June
Z = date when X is taken
Reference is taken on 1st of June at 10:00 pm. If we believe the press of SL shares follow only one trend in the long run which is upwards. To take the reference already now on 1st of June and right before important companies have announced their earnings can be considered as a gift for our clients.
Daily values are always taken around 9-10:00 pm SLT. Please understand that we cannot define an exact time as processes to take the daily values could not yet automatised and we also have a RL. If there is a skilled scripter/programmer in SL who is interested to help us in doing so then feel free to contact us...!
Greetz
Casper Trebuchet
CEO
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
http://lemurinvest.blogspot.com/
Saturday, June 2, 2007
LFB and IPO
some of you may have noticed it, LFB was temporarily taken from the IPO board.
Well, our IPO period was rather short with only 11 days and expired. However, we sold 42% of the shares so far which is a good sign and motivated us to extend the period. It's back again!
LFB is a product which combines the possibility to have capital protection which is unique in SL and nevertheless participate in the increase of share values.
Greetz
Casper Trebuchet
CEO
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
http://lemurinvest.blogspot.com/
Well, our IPO period was rather short with only 11 days and expired. However, we sold 42% of the shares so far which is a good sign and motivated us to extend the period. It's back again!
LFB is a product which combines the possibility to have capital protection which is unique in SL and nevertheless participate in the increase of share values.
Greetz
Casper Trebuchet
CEO
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
http://lemurinvest.blogspot.com/
Friday, June 1, 2007
NAV - update for LEM and status LFB
WSE, ISE, AVIX and now even DSE. When economy grows at the same speed in SL as the stock exchange markets open up we shouldn't complain...
LEM is not really involved in these discussions about moving to another platform as we are not unhappily quoted at the WSE. However, we observe the situation and have titles from AVIX and DSE in our portfolio.
We are now seated in our new offices at White Mall Island and started to do our core business which is lending money but also funding of interesting ventures within SL which also includes RL companies we bring into SL.
The NAV of LEM rose to 1.21
LFB status:
41% of the shares were sold till now. Since our last announcement of May 27 the shares dropped in relation to the reference basket and if we would repeat the calculation a negative result would appear. However, an investor would at least get the minimal dividend of 2%. The problem is that the market as a whole is not mature and P/E ratios are mostly out of range as to be taken for serious. Let's take some P/E's calculated from today's dividend announcements, RDX= 227, AMS= 66, GCS= 35. Ratios of 35 can also be found in RL but 227 is quite challenging. Ok, we all agree that RDX has great products and fantastic development possibilities either the title wouldn't be in our reference basket- ;-) -but still. Not surprisingly the share prices live their own life and can show extreme volatilities. We think that in such a situation LFB is a product which is filling a gap. It let's you participate at the growth of some selected shares but without taking any risks.
Buy now! Deadline is today!
Greetz,
Casper Trebuchet
Chairman/CEO
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
LEM is not really involved in these discussions about moving to another platform as we are not unhappily quoted at the WSE. However, we observe the situation and have titles from AVIX and DSE in our portfolio.
We are now seated in our new offices at White Mall Island and started to do our core business which is lending money but also funding of interesting ventures within SL which also includes RL companies we bring into SL.
The NAV of LEM rose to 1.21
LFB status:
41% of the shares were sold till now. Since our last announcement of May 27 the shares dropped in relation to the reference basket and if we would repeat the calculation a negative result would appear. However, an investor would at least get the minimal dividend of 2%. The problem is that the market as a whole is not mature and P/E ratios are mostly out of range as to be taken for serious. Let's take some P/E's calculated from today's dividend announcements, RDX= 227, AMS= 66, GCS= 35. Ratios of 35 can also be found in RL but 227 is quite challenging. Ok, we all agree that RDX has great products and fantastic development possibilities either the title wouldn't be in our reference basket- ;-) -but still. Not surprisingly the share prices live their own life and can show extreme volatilities. We think that in such a situation LFB is a product which is filling a gap. It let's you participate at the growth of some selected shares but without taking any risks.
Buy now! Deadline is today!
Greetz,
Casper Trebuchet
Chairman/CEO
Lemur Invest (LEM)
White Mall Island, Saya Sakai Inc (79, 119, 43)
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