Summary
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NAV rose in October 2007 from 2.406 to 3.506.
Net profitability of equity after dividend is 7.63% /month
Dividend is 0.045 $L /share/month
LEM continued to develop its business and received as first company in SL the approval as analyst for WSE. Different analysis were made during October (DDE, HOT; RDX; HCL) others will follow. We also created a new IPO which actually is waiting to get its approval (LEM IPO Booster: LPB): LPB will work exclusively for start-ups and support them not only to pass the IPO barrier more easily but also to bring them successfully into the market.
LEM traded successfully. Unfortunately most of the companies didn’t resume dividend payments we are invested in or will do this in the following days. These figures will add to the next result.
Consultancy work was good, but couldn’t be expanded due to lack of avatarpower.
A big surprise to us was our newest derivative - LHH. As HCL touched 2.63 $L per share during the last 4 weeks the calculated value for LHH climbed up to 3.67 $L which is an increase of 367% since the end of the IPO! However, LHH has also a boosting effect on our liabilities. We also can see this development with a laughing eye, as if HCL find back to the high values it had before this can be interpreted as sign that investors gain back confidence… Our other derivative LWI which is an index of 15 selected shares which are traded on WSE shows a similar bullish tendency. It gained 25%.
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.
Dividend was left at 0.045 $L.
Results for October (September)
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Income ($L):
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Financial products : 213'219 (428’744)
Others : 41'825 (62’000)
TOTAL : 255'044 (490’744)
Expenses ($L):
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Financial Products : 124'600 (425'000)
Donation : 0 (0)
Tier : 6’000 (6'000)
Wages : 10’000 (10'000)
TOTAL : 140'600 (441’000)
Profit ($L) : 114'444 (49'744)
Asset ($L)
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WSE : 4'081'959 (2'503'717)
SLCX : 961'797 (867’377)
DSE : 64’940 (62'000)
ISE : 43'665 (16'425)
Land : 6’000 (5’000)
Loan : 3’000’000 (3’000’000)
Cash : 164'022 (733'190)
Investment : 14’000 (14'000)
Total : 8’346'883 (7'201’709)
Liabilities ($L)
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Loan : 3’000’000 (3'500'000)
Dividend : 87'500 (95’000)
Total foreign capital : 3'087'500 (3’595’000)
Constitutional capital LEM: 1’500’000 (2’000’000)
Constitutional capital LFB: 464’480 (1’000’000)
Constitutional capital LWI: 130’026 (430’026)
Constitutional capital LHH: 1'671'590 (454'941)
LEM Future Fund : 518’000 (498'000)
Reserves : 860'843 (509'518)
Profit : 114'444 (49’744)
Total equity : 5'259'383 (3'606’709)
Total liabilities: 8’346’883 (7'201'709)
Monthly dividend/share : 0.045 $L /month (0.045)
NAV 3.506 (2.406)
Notes:
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(1) General: LEM assets developed nicely, mainly driven by HCL but also through the other shares we are holding. We also have to consider the new fund of frauded companies –WTF- which brought back some of our “depreciations”- thank you Luke. The fact that Ginko failed is surely not fun for all the victims- especially those who sold their shares for low prices- however, it is a huge relief for WSE. Together with WSE 4.0 which development will come to an end soon we see a lot of potential for WSE and finally also for the WTF share holders. – I cannot stop to be optimist…lol
(2) Consultancy incomes are not stable. A matter of personal time we can invest as we also have a RL. VAT issues still don’t hamper us and different projects are in the pipeline.
(3) LFB:WSE recovered a bit, thanks to HCL. We dropped AIG, BNT and AMA from the index which leaves us with three titles HCL, RDX, SML. At actual share prices of 7.42 $L LFB has a profitability of >50% p.a.. At the moment the Index couldn’t really improve because we use weighted averages to calculate it which is slowing down the increase. On the other hand, if HCL continues to climb and RDX finally decides to reduce outstanding shares to do something for the NTA which is only 0.2 $L the momentum will soon be high again and interests of 7%/month still possible.
(4) LWI:WSE got reduced to 15 titles and found back to the bullish track. It increased 25% this month. We definitively feel that the economy in SL start to grow again.
(5) LHH:WSE beats all records. 367% increase within 4 weeks! Responsible was HCL which rocketed to a new 90 days high with 2.63 $L per share. The calculated value for LHH climbed up to 3.67 $L which is an increase of 367% since the end of the IPO! Logically also our liabilities rocketed to new highs which can easily be seen in our balance sheet. However, we are backed up by our reserves and HCL shares of course.
(6) LEM Foundation. We increased our presence on Etopia Island which is filling fast. Also we are not land owners we hold shares through our LEM Foundation. LEM will resume sponsoring of LEM Foundation and their projects.
7) LEM Future Fund (LFF): LFF has a portfolio of over 520’000 $L. LFF is a closed fund. Minimal investment is 10'000 $L and at the moment 25% are invested in bonds, 20% in project within SL, 5% in cash and 50% in shares. Inner prices are published weekly on our blog. This week a single part was at 1.13 $L which is an increase of 13% for the last three weeks.
8) LEM IPO Booster (LPB) : A new IPO we just set up. Objective is to concentrate our analytical activities here as well as to select and support promising IPO to go quicker through the IPO phase and help them to achieve their goals as fast as possible. Have a look at the prospectus and RATE LPB! We are also happy to have won Miles Market as Chief analyst. He is a financial expert in RL as well as SL and specialized in gaming and real estate.
9) Web: The web development is postponed for the moment.
Net profitability of equity after dividend is 7.63% /month
Dividend is 0.045 $L/share/month
Next report:
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Next report will be published on December 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
Analyst, WSE
House of derivatives (LFB, LWI, LHH, LEM IPO Booster as not yet approved IPO at WSE)
http://lemurinvest.blogspot.com
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