Financial report

Summary
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NAV rose in July from 1.908 to 2.180.
Net profitability of equity is 2.5% /month
Dividend is 4.5% /share/month

LEM had to digest some unexpected losses, mainly caused due to the delisting of certain companies. However, we are still profitable as we could compensate these losse with our other activities.

We opened a new branch and started offering wealth managemement services. A closed fund was created (LEM future fund) which will not be traded at a stock exchange.

We will continue to develop new financial derivatives 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 (July)
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Income ($L):
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Financial products : 460'693 (358’698)
Consulting : 10’000 (10'000)
TOTAL : 470'693 (368’698)

Expenses ($L):
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Financial Products : 427'000 (170’000)
Donation : 0 (20’000)
Tier : 12’000 (13'000)
Wages : 10’000 (10'000)

TOTAL : 449'000(213’000)

Profit ($L) : 21'693(155’698)

Asset ($L)
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WSE : 2'726'175 (2’617’427)
SLCX : 1'301'020 (1’361’450)
DSE : 68'000 (56’000)
ISE : 14'320 (17’000)
VsTec : 120'111 (0)
Land : 5’000 (120'000)
Loan : 2’700’000 (2'500'000)
Cash : 920'532 (700'000)
Investment : 14’000 (14'000)

Total : 7'869'158(7’395’882)

Liabilities ($L)
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Loan : 3’500’000 (3'500'000)
Dividend : 110’000 (80'000)
Total foreign capital : 3’610’000 (3'580'000)

Constitutional capital LEM: 2’000’000 (2'000'000)
Constitutional capital LFB: 999'640 (1’000’000)
Constitutional capital LWI: 430’026 (430'026)
LEM Future Fund : 498'000 (0)
Reserves : 269'799 (211’001)
Profit(carry foward) : 40'000 (175'215)
Profit : 21'693 (155'698)
Total equity : 4'249'158 (3’815’882)

Total liabilities: 7'869'158(7’395’882)

Monthly dividend/share : 0.045 $L /month (0.04)
NAV 2.180(1.908)


Notes:
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(1) General: We lost with IBM quite a bit of money but also won on the different stock exchanges. Strongest positions we held in HCL, AIG, SLCX, LNL, THI. We would have achieved an excellent results without the trading losses. However, we are still in the black figures and are persuaded that the economy in SL will recover.

(2) Consultancy income was stable.

(3) LFB is in the minus again as shares like HCL, BNT, AMA and SLM are very weak and RDX as AIG as other shares in the basket couldn't change the trend. At actual share prices for LFB which are around 8 $L/share rentabiltiy is more than 40%!

(4) LWI need to be adapted again as different shares merged or delisted from WSE, like BOB. We will reduce the index down to 15 titles which we see as minimal number of shares we have to keep in order to reflect economy in SL as good as possible

(5) LHH. Our newest derivative on HCL shares. With the actual bearish shares prices for HCL the barrier becomes incredible low. The probabiltiy to freeze the highest share price HCL will ever reach in the following six months will climb. This value will be the reference to pay back your investment ...the higher it will be the more you will earn and if not you still can count on a basic capital protection.

(6) LEM Foundation. We just moved our offices to Etopia Island which developed an excellent sustianable concept for their SIM. This move will help us to find syngeries and innovative projects we can support financially with our foundation.

(7) LEM Future Fund
Our newset product is LFF which we created recently. It is a closed fund and is investing in innovative projects and companies to realize high return on investment. The fund is manageing 500'000 $L right now. Minimal investment is 10'000 $L.

Next report:
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Next report will be published on October 2. Updates values for NAV, LFB, LWI and LHH 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, LHH as IPO)
http://lemurinvest.blogspot.com