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)
No comments:
Post a Comment