We put our weekly update on our blog- a little bit delayed due to inaccessibility of WSE. The basket increased significantly its value over the last 10 days. It rose to 69.03 which is an increase of more than 5% since 22nd of July and this even taking in consideration all the turbulences on WSE and in SL.
The reason is easy to see. RDX has practically no free float. Apparently, one investor bought 100k of their remaining shares last week which represents 0.1% of all outstanding shares (100 millions) and was able to propel the share value up to 6.
As no announcements of RDX are coming along we wonder whether RDX is really worth 600'000'000 $L. Anyway, for the investors of LFB this is good news as if the up-going tendency is continuing we soon will reach the minimum barrier of 2% which means higher dividends for you.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
http://lemurinvest.blogspot.com
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