We just moved our offices to Etopia Island today.
http://slurl.com/secondlife/Etopia%20Island/178/81/23/?title=LEM%20Corp.
The reasons are multiple:
(a) LEM likes their environmental concept
(b) LEM thinks that Etopia is the right place also for its own foundation which is sponsoring innovative environmental concepts (LEM foundation)
(c) LEM want to develop sustainable investment concepts and products. To be at Etopia will facilitate such a strategy
(d) LEM is already share holder in ETC
(e) LEM wants to reduce its assets in real estate as real estate management is not our core business. Logically we sold our land and had to move.
(f) LEM found the appropriate building which perfectly fits our needs
(g) and last but not least Etopia Island is really a lovely Island with a specific charm, come visiting us...
Unfortunately our offices still look like a battlefield, but this will change over the next few weeks.
In the same we time we also opened a subsidary on WSE to be closer to our customers there. Come have a look too..
http://slurl.com/secondlife/Hope%20Capital%20/221/135/23/
By the way, dividend for LEM will come tomorrow, 0.045 $L /share and the financial report probably on 2nd September as we are a bit busy with all that moving. We hope you understand.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI and LHH as IPO)
http://lemurinvest.blogspot.com
Friday, August 31, 2007
Tuesday, August 28, 2007
LHH - barrier calculation
Still three weeks to go for our IPO LHH, the first high-score derivative in SL and tri-monthly reporting of HCL should happen during this period…
LHH is an easy way to participate at the performance of HCL and in the same time enjoy capital protection. If a predefined barrier is reached during a period of six months the highest share price for HCL ever reached during the same period will be the reference to pay back your investment!
Ex.: The LHH share in the IPO costs 1 $L/share. If the spot price for HCL when LHH comes on the WSE board is 1.2 $L/share then the barrier will be 150% higher or equal to 3 $L/share. If the highest value HCL will ever reach during the following six months will be 12 $L/share which is easily possible if we think on the volatility of stock exchange markets in SL then this equals an increase of 1000% from the original spot price of 1.2 $L/share and you would get 10 $L back /LHH-share (minus our fee of 5%).
As the barrier is a rather critical value we publish it from today on our blog http://lemurinvest.blogspot.com .
We are persuaded that HCL is undervalued and the actual barrier for LHH logically incredible low- an opportunity for any serious investor.
Have a good day, greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, and LHH as IPO)
http://lemurinvest.blogspot.com
LHH is an easy way to participate at the performance of HCL and in the same time enjoy capital protection. If a predefined barrier is reached during a period of six months the highest share price for HCL ever reached during the same period will be the reference to pay back your investment!
Ex.: The LHH share in the IPO costs 1 $L/share. If the spot price for HCL when LHH comes on the WSE board is 1.2 $L/share then the barrier will be 150% higher or equal to 3 $L/share. If the highest value HCL will ever reach during the following six months will be 12 $L/share which is easily possible if we think on the volatility of stock exchange markets in SL then this equals an increase of 1000% from the original spot price of 1.2 $L/share and you would get 10 $L back /LHH-share (minus our fee of 5%).
As the barrier is a rather critical value we publish it from today on our blog http://lemurinvest.blogspot.com .
We are persuaded that HCL is undervalued and the actual barrier for LHH logically incredible low- an opportunity for any serious investor.
Have a good day, greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, and LHH as IPO)
http://lemurinvest.blogspot.com
Saturday, August 25, 2007
Be Swiss happy with HCL and buy LHH
Let me ask you some questions:
a) Will HCL pay a tri-monthly dividend this time (they should report on SEP-8th if they are not late)?
b) If yes will it be higher than before?
c) Will the marketing action of WSE outside SL be a success and bring in new investment?
d) Has WSE really potential to growth?
e) And if yes can it be estimated?
If at least one of your answers is yes you have to consider to invest in LHH.
-----------------------------------------------------------------------------------------------------------------------
The five simple questions I asked may not be very innovative, however, WSE should theoretically report their financial data in the beginning of September as the second trimester is closing for them. The actual share price is ranging only slightly over the IPO price of 1 $L and this after six months on the market which is surely not an euphoric result. Does the market know something we don’t …
Well, either WSE has really found a healthy level with reviewed companies which can create future momentum or stays sluggish or will fail. I’m not a prophet but this is the point where LHH, our newest derivative offers solutions.
Is buying HCL shares a risky business? LEM is believing in its performance either we wouldn’t have invested as you can see in the major shareholder list. But still, buying shares is always a risky business. Nothing is more annoying as possessing shares which doubled their value but staying in an illiquid market where you cannot cash them…
If you buy LHH you can avoid such troubles as you don’t buy the share directly but participate at their development with 95%. If there are bearish you get 95% of your invested capital back and if bullish you participate with 95% on their performance after the model we outline in our prospectus.
At the actual share prices of HCL the barrier for LHH will probably be defined as 2.4 $L/share once the IPO is sold off.
2.4 $L ! Go back in the history of the share price and think about volatility of the market. Then decide what you want to do. HCL theoretically should report on September 8 if they are not late.
And how do we cover our risk? We own already an important bundle of HCL shares and the money from the IPO is invested following our LEM strategy which is highly profitable, see last financial reporting on http://lemurinvest.blogspot.com. We will report again on September 2nd and already announced to pay a dividend of 0.045 $L/share for August.
Buy LHH and be Swiss happy with us…;-)
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
a) Will HCL pay a tri-monthly dividend this time (they should report on SEP-8th if they are not late)?
b) If yes will it be higher than before?
c) Will the marketing action of WSE outside SL be a success and bring in new investment?
d) Has WSE really potential to growth?
e) And if yes can it be estimated?
If at least one of your answers is yes you have to consider to invest in LHH.
-----------------------------------------------------------------------------------------------------------------------
The five simple questions I asked may not be very innovative, however, WSE should theoretically report their financial data in the beginning of September as the second trimester is closing for them. The actual share price is ranging only slightly over the IPO price of 1 $L and this after six months on the market which is surely not an euphoric result. Does the market know something we don’t …
Well, either WSE has really found a healthy level with reviewed companies which can create future momentum or stays sluggish or will fail. I’m not a prophet but this is the point where LHH, our newest derivative offers solutions.
Is buying HCL shares a risky business? LEM is believing in its performance either we wouldn’t have invested as you can see in the major shareholder list. But still, buying shares is always a risky business. Nothing is more annoying as possessing shares which doubled their value but staying in an illiquid market where you cannot cash them…
If you buy LHH you can avoid such troubles as you don’t buy the share directly but participate at their development with 95%. If there are bearish you get 95% of your invested capital back and if bullish you participate with 95% on their performance after the model we outline in our prospectus.
At the actual share prices of HCL the barrier for LHH will probably be defined as 2.4 $L/share once the IPO is sold off.
2.4 $L ! Go back in the history of the share price and think about volatility of the market. Then decide what you want to do. HCL theoretically should report on September 8 if they are not late.
And how do we cover our risk? We own already an important bundle of HCL shares and the money from the IPO is invested following our LEM strategy which is highly profitable, see last financial reporting on http://lemurinvest.blogspot.com. We will report again on September 2nd and already announced to pay a dividend of 0.045 $L/share for August.
Buy LHH and be Swiss happy with us…;-)
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Tuesday, August 21, 2007
LEM- dividend announcement
LEM will rise dividend from 0.04 to 0.045 $L/share.
Dividend paiment is on 1st of September.
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Dividend paiment is on 1st of September.
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Sunday, August 19, 2007
LWI- monthly update – panic in Cyberland?
Our calculated WSE-Index dropped 12.7% since 18th July 07. Is the correction phase not yet outstanded or is this development just a period of finding a healthy evaluation level in order to become bullish again?
Our index doesn’t use weighted market capitalization because of missing free float. Unfortunately, but with the criteria below we believe to have selection criteria which are rather adapted to the situation and reflects the market quite good enough:
(1) Market cap (> 1.5 million $L)
(2) Free float (> 20%)
(3) Market presence (since three month on the board)
(4) performance till now (weighted, dividend included = positive)
(5) Business idea
(6) Management skill, communication
(7) Economic branch the company is active in
The index considers the following titles:
AMS – technology, gaming
BOB – technology
DDE - real estate, design
ETC - real estate, environment
HCL - stock exchange
HOT - real estate
KJL - real state
LEM - investment banking
LGO – technology
LLL - real estate
MDC – investment banking
PNK – services, marketing/design
RDX – technology
RIS – services
SLM - services, marketing
THI – real estate, technology
TMA – technology, distribution
VGI – technology, gaming
A drop of 12.7% (compare with http://slquotes.com/lemur) within one month is not a lot if we consider the volatility of the market and we all know that different events influenced the market during this period, starting with the new gambling politicy of LL, all the primary and secondary effect on the banking systems and panic sells. However, LL still exists and if governments start to think about developing laws for the cyber world it will only help LL/SL in the long run. The economic data of SL haven’t significantly decreased till now either.
We are also quite optimistic about WSE. That they listed HCB is surely an important action and if their campaign will function and 300’000 WIC’s will flow in the stock exchange we will only see one tendency which is up.
Outlook? Probably we will reduce the index down to 15 titles during the next 4 weeks. A first test will already be the merger of DDE with KJL where we have to rethink our strategy. 15 titles is the minimum we need to reflect SL-economy as close as possible. Some shares still suffer dumping actions as it is the case for HCL. However, we judge that the index will recover over the next four weeks to turn into positive again and then hopefully nothing will hold him back any more..
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Our index doesn’t use weighted market capitalization because of missing free float. Unfortunately, but with the criteria below we believe to have selection criteria which are rather adapted to the situation and reflects the market quite good enough:
(1) Market cap (> 1.5 million $L)
(2) Free float (> 20%)
(3) Market presence (since three month on the board)
(4) performance till now (weighted, dividend included = positive)
(5) Business idea
(6) Management skill, communication
(7) Economic branch the company is active in
The index considers the following titles:
AMS – technology, gaming
BOB – technology
DDE - real estate, design
ETC - real estate, environment
HCL - stock exchange
HOT - real estate
KJL - real state
LEM - investment banking
LGO – technology
LLL - real estate
MDC – investment banking
PNK – services, marketing/design
RDX – technology
RIS – services
SLM - services, marketing
THI – real estate, technology
TMA – technology, distribution
VGI – technology, gaming
A drop of 12.7% (compare with http://slquotes.com/lemur) within one month is not a lot if we consider the volatility of the market and we all know that different events influenced the market during this period, starting with the new gambling politicy of LL, all the primary and secondary effect on the banking systems and panic sells. However, LL still exists and if governments start to think about developing laws for the cyber world it will only help LL/SL in the long run. The economic data of SL haven’t significantly decreased till now either.
We are also quite optimistic about WSE. That they listed HCB is surely an important action and if their campaign will function and 300’000 WIC’s will flow in the stock exchange we will only see one tendency which is up.
Outlook? Probably we will reduce the index down to 15 titles during the next 4 weeks. A first test will already be the merger of DDE with KJL where we have to rethink our strategy. 15 titles is the minimum we need to reflect SL-economy as close as possible. Some shares still suffer dumping actions as it is the case for HCL. However, we judge that the index will recover over the next four weeks to turn into positive again and then hopefully nothing will hold him back any more..
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Thursday, August 16, 2007
LHH- Hi-score derivatives on HCL! a new IPO from LEM
Do you think HCL shares will rise in the next six months? Of course they will. Just read carefully the latest WSE announcement about HCB of today.
And if not you want at least secure part of your investment? You never know even not with HCL
And not spend your time with following share prices on WSE? There are other and better things to do in SL and RL live
If at least one of your answers to these questions is yes you should have a look into LHH.
LHH is our third derivative but also a very special one. It is a so called high score derivative in HCL shares where the following rules apply:
(1) LHH runs over six months.
(2) Spot is the date when the IPO is sold off.
(3) At this date a barrier will be defined, which probably will be 140% higher as the share price is right now (e.g. 3)
(4) If during the six months after the spot date the share price of HCL will touch the barrier (one time is sufficient) we will freeze for you the highest share value HCL will reach during the whole period. This share price will be the reference in order to pay you back your investment. In other words if the barrier is 3 and the highest share price 12 this would mean an increase of 400% and you will get 4 $L (minus our fees of 5%) back on your investment of 1 $L per LHH share.
(5) If the barrier will not be reached we will calculate the average HCL value over the passed six month period. This will be the reference and you will get back 95% in relation to it. In other words, if the spot is 1.5, the barrier 3 and the average share price would be 2 then the increase would be 33.3% . You will get 1.266 $L back on your investment of 1 $L pr LHH share.
Enjoy. You can only win and we loose because we all know how volatile the stock exchange markets can be in SL. Not exactly as we own ourselves enough HCL shares to be secured and have still our investment mother LEM in the back which has assets of more than 8 millions.
LHH is an easy and cheap tool to anticipate at the future positive development of WSE and its HCL shares.
IM me if you have further questions.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
And if not you want at least secure part of your investment? You never know even not with HCL
And not spend your time with following share prices on WSE? There are other and better things to do in SL and RL live
If at least one of your answers to these questions is yes you should have a look into LHH.
LHH is our third derivative but also a very special one. It is a so called high score derivative in HCL shares where the following rules apply:
(1) LHH runs over six months.
(2) Spot is the date when the IPO is sold off.
(3) At this date a barrier will be defined, which probably will be 140% higher as the share price is right now (e.g. 3)
(4) If during the six months after the spot date the share price of HCL will touch the barrier (one time is sufficient) we will freeze for you the highest share value HCL will reach during the whole period. This share price will be the reference in order to pay you back your investment. In other words if the barrier is 3 and the highest share price 12 this would mean an increase of 400% and you will get 4 $L (minus our fees of 5%) back on your investment of 1 $L per LHH share.
(5) If the barrier will not be reached we will calculate the average HCL value over the passed six month period. This will be the reference and you will get back 95% in relation to it. In other words, if the spot is 1.5, the barrier 3 and the average share price would be 2 then the increase would be 33.3% . You will get 1.266 $L back on your investment of 1 $L pr LHH share.
Enjoy. You can only win and we loose because we all know how volatile the stock exchange markets can be in SL. Not exactly as we own ourselves enough HCL shares to be secured and have still our investment mother LEM in the back which has assets of more than 8 millions.
LHH is an easy and cheap tool to anticipate at the future positive development of WSE and its HCL shares.
IM me if you have further questions.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Tuesday, August 14, 2007
LWI - update
The WSE is actually going through hard times, partly related to the gambling ban of LL and its secondary effects but also worries about the overall economical situation in SL.
LEM doesn't share these worries and especially not if we look at the index we are calculating. With a value of 900 the index also suffered a bit but could resist much better to the ongoing turbulences as could have expected. This is a clear indication for us that the SL economy is in better shape as some investors may believe.
However, as a lot of different mergers, roll backs etc are ongoing we were forced to adopt the index to the new situation.
Different shares didn't fulfill our minimal criteria and we had to drop them form our list which leaves us with 18 titles. We were way to optimist with the number of titles we chosen in the beginning and cannot consider bonds nor pure investment funds. The selection of titles becomes therefore rather difficult.
The 18 titles we did select give a good picture of economic activities in SL. We even think that we can reduce the number to 15. Probably we will be forced to do so soon as DDE plans to merge with KJL. An index with 15 titles is the minimum we should use.
Titles in LWI18:
AMS – technology, gaming
BOB - technology
DDE - real estate, design
ETC - real estate(environment)
HCL - stock exchange
HOT - real estate
KJL - real state
LEM - investment banking
LGO – technology
LLL - real estate
MDC – investment banking
PNK – service, marketing, design
RDX – technology
RIS – services, reporting agency
SLM - services, marketing
THI – real estate, technology
TMA – technology, distribution
VGI – technology, gaming
The changes we did will be beneficiary for the LWI shareholders.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
LEM doesn't share these worries and especially not if we look at the index we are calculating. With a value of 900 the index also suffered a bit but could resist much better to the ongoing turbulences as could have expected. This is a clear indication for us that the SL economy is in better shape as some investors may believe.
However, as a lot of different mergers, roll backs etc are ongoing we were forced to adopt the index to the new situation.
Different shares didn't fulfill our minimal criteria and we had to drop them form our list which leaves us with 18 titles. We were way to optimist with the number of titles we chosen in the beginning and cannot consider bonds nor pure investment funds. The selection of titles becomes therefore rather difficult.
The 18 titles we did select give a good picture of economic activities in SL. We even think that we can reduce the number to 15. Probably we will be forced to do so soon as DDE plans to merge with KJL. An index with 15 titles is the minimum we should use.
Titles in LWI18:
AMS – technology, gaming
BOB - technology
DDE - real estate, design
ETC - real estate(environment)
HCL - stock exchange
HOT - real estate
KJL - real state
LEM - investment banking
LGO – technology
LLL - real estate
MDC – investment banking
PNK – service, marketing, design
RDX – technology
RIS – services, reporting agency
SLM - services, marketing
THI – real estate, technology
TMA – technology, distribution
VGI – technology, gaming
The changes we did will be beneficiary for the LWI shareholders.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
Wednesday, August 8, 2007
LFB - dividend for July
As the average basket value still shows a negative performance a minimum dividend of 2% was posted but is there hope for more?
The basket could survive the turbulent period on the WSE at the end of July and even progress a little bit (http://lemurinvest.blogspot.com).
To recapitulate there are six shares in the basket (AIC or now AIG, BNT both shares quoted on the AVIX, then HCL, RDX, SLM and AMA quoted on the WSE).
For AIG and BNT there is little to say as financial reports are not available. We see the engagement of JT-Financials positively and are confident that both titles have development potential.
Are HCL under valued if we consider the outlook which Luke gives in his interview?
http://www.sloz.info/2007/08/05/interview-two-lukeconnell-vandeverre-world-stock-exchange/
We don’t know the answer but HCL is considered in our basket, so we are prepared.
SLM and AMA have only minor influence in the basket but nevertheless could resist all turbulences.
In summary, we keep confident that LFB is aiming towards a maximum dividend of 7%. When will we reach this barrier?
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
The basket could survive the turbulent period on the WSE at the end of July and even progress a little bit (http://lemurinvest.blogspot.com).
To recapitulate there are six shares in the basket (AIC or now AIG, BNT both shares quoted on the AVIX, then HCL, RDX, SLM and AMA quoted on the WSE).
For AIG and BNT there is little to say as financial reports are not available. We see the engagement of JT-Financials positively and are confident that both titles have development potential.
Are HCL under valued if we consider the outlook which Luke gives in his interview?
http://www.sloz.info/2007/08/05/interview-two-lukeconnell-vandeverre-world-stock-exchange/
We don’t know the answer but HCL is considered in our basket, so we are prepared.
SLM and AMA have only minor influence in the basket but nevertheless could resist all turbulences.
In summary, we keep confident that LFB is aiming towards a maximum dividend of 7%. When will we reach this barrier?
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
Wednesday, August 1, 2007
LEM - Report and dividend
Summary
=================================================================================
NAV rose in July from 1.637 to 1.908.
Net profitability of own capital is 9% /month
Dividend is 4% /share/month
LEM also got caught in the latest turbulences caused due technical problems in WSE and the new LL gambling politicy. However, due to diversification of our portfolios we could largely compensate our losses in certain titles.
Our first derivative-LFB- is starting to show a positive trend, mainly driven by RDX. We hope that this tendency will continue. LWI on the other hand is actually in train to be readapted to the latest changes, as companies de-listed from WSE and others want to join or start to fulfill our criteria. The index as a whole stayed stable during the last 10 days and even start to be bullish again. We don’t see any reasons to panic therefore.
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 continue to 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 for August (May-June)
================================================================================
Income ($L):
------------
Financial products : 358’698 (668'725)
Consulting : 10’000 (46'000)
TOTAL : 368’698 (714'725)
Expenses ($L):
--------------
Financial Products : 170’000 (414'510)
Donation : 20’000 (23'000)
Tier : 13’000 (10'000)
Wages : 10’000 (12'000)
TOTAL : 213’000 (459'510)
Profit ($L) : 155’698 (255'215)
use of profit: 80'000 dividends, 330’913 go into next reporting, 112’295 go into reserves)
Asset ($L)
----------
WSE : 2’617’427 (4'532'918)
AVIX : 1’361’450 (831'003)
DSE : 56’000 (60'000)
ISE : 17’000 (0)
Land : 120’000 (120'000)
Loan : 2’500’000 (0)
Cash : 700’000 (600'000)
Investment : 14’000 (10'000)
Total : 7’395’882 (6'153'921)
Liabilities ($L)
----------------
Loan : 3’500’000 (2'800'000)
Dividend : 80’000 (80'000)
Total foreign capital : 3’580’000 (2'880'000)
Constitutional capital LEM: 2’000’000 (2'000'000)
Constitutional capital LFB: 999'640 (1’000’000)
Constitutional capital LWI: 430’026
Reserves : 211’001(98'706)
Profit(+pre-period) : 330’913 (175'215)
Total own capital : 3’815’882 (3'273'921)
Total liabilities: 7’395’882 (6'153'921)
Monthly dividend/share : 0.04 $L /month (0.02)
NAV 1.908 (1.637)
Notes:
========================================================================
(1) Again we did a bit of trading. Strongest positions we held in HCL, AVIX, AIC, LNL, THI.
Because of LWI we are obliged to manage a large portfolio, however, our objective is to reduce it as most as possible in order to go for more strategical investments.
(2) Our consultancy income was reduced to due the fact that we had no time left to push our projects. We weren’t in holidays but our customers were..;-). We plan to put more emphasis to this during August.
(3) LFB is still in the minus. However, recent development showed that the downward process is broken and we hope to see the basket becoming bullish in the future. This could be driven by the shares of HCL and AIC which we think are both undervalued.
(4) LWI needs to be rebuild as different companies left WSE and the new LL gambling politicy caused a turmoil. However, gaming will still be a major activity of the avatars in SL and that is why gambling activities will remain in the index. We just reduce the portion of it. The “new” adapted index will be published in a couple of days. I can already say that the index survived the last ten days of turbulence without loosing too much feathers which shows that panicking is a bad strategy. Nobody knows what will happen tomorrow but we don’t neglect the facts and figures. And the economy in SL was growing till now each month with >10%. Does SL has already developed a kind of self dynamic…we will see.
(5) Derivatives: We continue to develop and bring derivatives on the market.
(6) LEM Foundation. Actually the foundation is managing 45’000 $L and there are no concrete projects in sight. LEM Foundation is an independent initiative from LEM in order to support innovative environmental projects within SL. It is paradox but apparently nobody cares about environment and we cannot use our funds. Ideas are welcome…! Our only environmental engagement we do directly over LEM as we held an important stake in ETC. Projects can be suggested to Casper Trebuchet.
(7) Thoughts
Fundamentalist exist everywhere who want to gift us with their “better” world together with SOP’s and regulation. Also creeps who are just interested to steal your money. The strength of SL, however, was that there were virtually no rules or regulations or even taxes. This is exactly the environment which creates innovation. And the avatars thanked in their way as they build up a functioning naturally build up social community with own ethical values.
We don’t need attorney’s or moral apostles but more freedom in SL..
Next report:
===================================================================================
Next report will be published on September 2. Updates values for NAV, LFB and LWI are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
http://lemurinvest.blogspot.com
=================================================================================
NAV rose in July from 1.637 to 1.908.
Net profitability of own capital is 9% /month
Dividend is 4% /share/month
LEM also got caught in the latest turbulences caused due technical problems in WSE and the new LL gambling politicy. However, due to diversification of our portfolios we could largely compensate our losses in certain titles.
Our first derivative-LFB- is starting to show a positive trend, mainly driven by RDX. We hope that this tendency will continue. LWI on the other hand is actually in train to be readapted to the latest changes, as companies de-listed from WSE and others want to join or start to fulfill our criteria. The index as a whole stayed stable during the last 10 days and even start to be bullish again. We don’t see any reasons to panic therefore.
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 continue to 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 for August (May-June)
================================================================================
Income ($L):
------------
Financial products : 358’698 (668'725)
Consulting : 10’000 (46'000)
TOTAL : 368’698 (714'725)
Expenses ($L):
--------------
Financial Products : 170’000 (414'510)
Donation : 20’000 (23'000)
Tier : 13’000 (10'000)
Wages : 10’000 (12'000)
TOTAL : 213’000 (459'510)
Profit ($L) : 155’698 (255'215)
use of profit: 80'000 dividends, 330’913 go into next reporting, 112’295 go into reserves)
Asset ($L)
----------
WSE : 2’617’427 (4'532'918)
AVIX : 1’361’450 (831'003)
DSE : 56’000 (60'000)
ISE : 17’000 (0)
Land : 120’000 (120'000)
Loan : 2’500’000 (0)
Cash : 700’000 (600'000)
Investment : 14’000 (10'000)
Total : 7’395’882 (6'153'921)
Liabilities ($L)
----------------
Loan : 3’500’000 (2'800'000)
Dividend : 80’000 (80'000)
Total foreign capital : 3’580’000 (2'880'000)
Constitutional capital LEM: 2’000’000 (2'000'000)
Constitutional capital LFB: 999'640 (1’000’000)
Constitutional capital LWI: 430’026
Reserves : 211’001(98'706)
Profit(+pre-period) : 330’913 (175'215)
Total own capital : 3’815’882 (3'273'921)
Total liabilities: 7’395’882 (6'153'921)
Monthly dividend/share : 0.04 $L /month (0.02)
NAV 1.908 (1.637)
Notes:
========================================================================
(1) Again we did a bit of trading. Strongest positions we held in HCL, AVIX, AIC, LNL, THI.
Because of LWI we are obliged to manage a large portfolio, however, our objective is to reduce it as most as possible in order to go for more strategical investments.
(2) Our consultancy income was reduced to due the fact that we had no time left to push our projects. We weren’t in holidays but our customers were..;-). We plan to put more emphasis to this during August.
(3) LFB is still in the minus. However, recent development showed that the downward process is broken and we hope to see the basket becoming bullish in the future. This could be driven by the shares of HCL and AIC which we think are both undervalued.
(4) LWI needs to be rebuild as different companies left WSE and the new LL gambling politicy caused a turmoil. However, gaming will still be a major activity of the avatars in SL and that is why gambling activities will remain in the index. We just reduce the portion of it. The “new” adapted index will be published in a couple of days. I can already say that the index survived the last ten days of turbulence without loosing too much feathers which shows that panicking is a bad strategy. Nobody knows what will happen tomorrow but we don’t neglect the facts and figures. And the economy in SL was growing till now each month with >10%. Does SL has already developed a kind of self dynamic…we will see.
(5) Derivatives: We continue to develop and bring derivatives on the market.
(6) LEM Foundation. Actually the foundation is managing 45’000 $L and there are no concrete projects in sight. LEM Foundation is an independent initiative from LEM in order to support innovative environmental projects within SL. It is paradox but apparently nobody cares about environment and we cannot use our funds. Ideas are welcome…! Our only environmental engagement we do directly over LEM as we held an important stake in ETC. Projects can be suggested to Casper Trebuchet.
(7) Thoughts
Fundamentalist exist everywhere who want to gift us with their “better” world together with SOP’s and regulation. Also creeps who are just interested to steal your money. The strength of SL, however, was that there were virtually no rules or regulations or even taxes. This is exactly the environment which creates innovation. And the avatars thanked in their way as they build up a functioning naturally build up social community with own ethical values.
We don’t need attorney’s or moral apostles but more freedom in SL..
Next report:
===================================================================================
Next report will be published on September 2. Updates values for NAV, LFB and LWI are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
http://lemurinvest.blogspot.com
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