Sorry for the delay with our report, we had some minor technical problems we had to fix first. The status of LWI after its three months existence is listed below (24th October 2007):
symbol, spotprice(S), dividends(D), 24 hr average price(Y), branch, LEM:rating
==============================================================================
RDX, 3.19, 0.038, 0.92, technology
AMS, 0.27, 0, 0.11, technology, gaming
DDE, 3.72, 0.352, 3.32, real estate, STRONG BUY
ETC, 0.92, 0.01, 0.57, environmental services
HCL, 1.84, 0, 1.12, financial services, BUY
HOT, 2.95, 0.337, 2.81, finanical services, BUY
KJL, 1.38, 0.055, 1.21, real estate, HOLD
LEM, 1.6, 0.13, 1.40, investment banking
LGO, 0.81, 0.03, 0.35, technology
LLL, 1.87, 0.341, 1.87, construction
RIS, 0.95, 0.04, 0.44, services
MDC, 2.38, 0.302, 2.18, investment banking
THI, 1.54, 0.025, 0.56, financial services
TMA, 3.75, 0.053, 1.42, automotive
VGI, 1.0, 0, 0.58, technology, gaming
(LWI15) 686.86
We took PNK from the list which brings our index down to 15 titles what we consider to be the absolute minimum.
The index stabilized during the last month and started to gain again. The index is still down 33.14% since 18th of July (http://www.slquotes.com/lemur) and dividends are included in this calculation. Four titles (DDE, HOT, LLL, MDC) are traded higher as on 18th July.
WSE forces companies to publish their financial data. There are still a few in the index which haven't yet. All those we watch carefully .. and will adapt the index accordingly.
We think that as soon we get a more clear picture about the financial situation of all companies at WSE confidence of the shareholders will come back to the stock exchange. The completion of WSE 4.0 will also add some momentum. Traded volume rised significantly over the last days and even without the movements in HCL shares. We hope that this trend will continue.
Share prices for LWI are at 9.49 $L. We think this price is far to optimistic. Please make sure that you read and understood the "business strategy" section of our prospectus before you buy this derivative. If you would have any questions then please ask me, it would be a pleasure to explain you the product.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH, and LEM Knock-In as not yet approved IPO)
http://lemurinvest.blogspot.com
Reminder:
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
(8) Rating of analysts
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