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)