Saturday, October 20, 2007

LHH: October report

HCL shares went through a hard time but could recover during October and are stable at the moment. As soon as WSE 4.0 will be fully operational we expect that new money flows will come in and IPO section should come back to live. This will boost HCL but also LHH.

Statistics for HCL shares:
Average share price in last 30 days: 0.56 $L/share
Minimal share price : 0.22 $L/share
Maximal share price : 0.88 $L/share
Max. daily volume : 600’000 shares
Min. daily volume : 12’000 shares
Average share price (24h): 0.73 $L

Statistics for LHH shares:
Actual share price (24h): 0.84 $L
Minimal pay back price: 0.78 $L


Greetz

Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM Knock-In WSEIndex as not approved IPO)
Analyst, WSE

http://lemurinvest.blogspot.com

============ reminder ==============
LHH is a derivative with call character on HCL shares. It freezes the highest share price of HCL once a predefined barrier is reached. See details in our prospectus WSE or our blog to learn more about it.

Spot date : 15SPE07 : 0.68 (1.70) $L
End date : 15MAR08
HCL at spot (15SEP07) : 0.68 $L
Barrier for HCL : 1.70 $L
LHH IPO issue price : 1 $L

If HCL>= barrier then
pay back =highest HCL/ HCL spot * LHH IPO

else pay back = average HCL/ HCL spot * LHH IPO

in both cases minus management fee of 5%.

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