Monday, December 24, 2007

2008



what will bring 2008 ..?

LEM doesn't know but invite you to explore it together with us.

Merry Christmas and a successful New Year to all of you, investors, friends, followers and even libelers...

Greetz

Casper Trebuchet

House of derivatives (LFB, LWI, LHH)

Http://lemurinvest.blogspot.com

Saturday, December 22, 2007

LHH - business report (NOV/DEC)

WSE communicated recently that WSE 4.0 will be born in mid-January 2008. A “worldwide launch of the World Stock Exchange to the mass market as the world’s leading internet-based stock exchange platform to be used for educational and entertainment purposes”-to use their words will then follow. WSE expects that trading volume will exceed 10 million $L per 24h and 50’000 additional users my join the stock exchange.

LEM is less optimistic but even if only 10% of this is true volumes in WSE will at least double which will affect the profitability of WSE. Furthermore quite a few IPO are waiting to get their approval which should bring a new dynamic into this cyber exchange market.

Logically HCL shares will profit from this development. I don’t have to use enchanter skills to imagine that LHH has some potential through the volatility of this market and the rather promising outlook for HCL shares. As a matter of fact LEM finds itself in a most paradox situation. If HCL will rise LHH shares will follow and highest share values for HCL will be frozen for our LHH investors. You can see this with a laughing eye, however, for us it is more a question to overcome possible nightmares caused due WSE-Lemurs from Roman mythology…lol.

Let us explain this with an example. The lucky investors among you who bought LHH at IPO prices (1 $L/share) can already count to get 3.67 $L/share back on 15th March 08. Not a bad performance in six months…! Imagine now if HCL would climb to new highs like 3 or even 5 $L/shares. The pay back ration would then increase approximately to 4 or even 7 $L/share!

So LEM can only wish you more happy trading in both HCL and LHH and for us an exploit in risk management.

Statistics for HCL shares (period before):
Average share price in last 30 days: 0.98 (1.18) $L/share
Minimal share price : 0.78 (0.48) $L/share
Maximal share price : 2.63 (2.63) $L/share (2.66 as indicated is a rounding bug which got noticed by WSE as such)
Max. daily volume : 147’557 (353’321) shares
Min. daily volume : 100 (8’150) shares

Statistics for LHH shares:
Actual share price (24h): 2.24 (3.41) $L
Minimal pay back price: 3.674 (3.674) $L

LEM wishes you a merry Christmas and a successful New Year

Greetz

Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM Knock-In WSEIndex/LEM IPO Booster as not approved IPO)
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 (passed on 26th October 2007)
LHH IPO issue price : 1 $L
HCL = 2.63 $L (status at 14th November 07)

pay back = HCL/ HCL spot * LHH IPO

minus management fee of 5%.

Tuesday, December 18, 2007

LWI : Business report (NOV-DEC)

Situation didn’t change considerably since last month. However, the cleaning process of the outstanding IPO’s was concluded by WSE and the release of WSE 4.0 is approaching as rumors go. LWI didn’t move but an exploit is still possible and rather likely with all projected new WSE activities coming up.

The LWI10-index stands at 807.18 today which is a decrease of 10% since last month with 872. However, we also have to consider that three titles left SPO and are traded past-SPO. DDE, HUI and also LEM are traded much beneath their NTA. As dividends are paid in a regular matter, all these titles will soon take off again.

We remind you that break-even is only reached if the index climbs over 1000. Compare also with the mathematical formula we give in our prospectus.

With an actual index of 807.18 you can only expect to get 0.95 $L back per LWI share on 18th January 2008.

symbol, spotprice(S), dividends(D), 24 hr average price(Y), branch, LEM:rating
==============================================================================

RDX, 3.19, 0.038, 0.99, technology
DDE, 3.72, 0.512, 2.84, real estate, STRONG BUY
ETC, 0.92, 0.01, 0.94, environmental services
HCL, 1.84, 0, 0.95, financial services, BUY
HOT, 2.95, 0.434, 2.18, financial services, BUY
LEM, 1.6, 0.22, 1.28, investment banking
LGO, 0.81, 0.03, 0.55, technology
LLL, 1.87, 0.508, 1.77, construction
HUI, 2.48, 0.386, 1.95, technology
ALL, 2.55, 0.253, 1.52, real estate
(LWI10) 807.18 (872.19) 18DEC07(18NOV07)

As always the index can be followed in real time on http://www.slquotes.com/lemur or on our blog.

Greetz

Casper Trebuchet

LEM, CEO
House of derivatives (LFB, LWI, LHH)
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

Monday, December 17, 2007

LEM. Company update

Dear investors

End of 2007 is approaching which let us rethink our company strategy as we sit on too much cash and don't plan to use banking services intensively…We have to accuse you investors for having brought us into such an uncomfortable situation – but we don’t complain and we haven’t planned yet our holidays to the big Island …;-) …just more work.

LEM generates regular profits (dividend = 0.045 $L/share) and its NTA (3.4 $L/share) is growing. But to apply some Kanzai management doesn’t hurt… Strategical changes we see in six directions for 2008: Use of capital, real estate, trading, RL projects, buy back program which should bring LEM to a new development level plus put an eye of growth of expenditures.

The six directions in more details:

(a) Financing SL projects: We still have two IPO waiting for their approval. One is a derivative with PUT character (LEM Knock-In on WSEIndex (LPI)) and the second a so called IPO booster (LPB). LEM strongly believes in LPI which is a good security tool in relation to volatile markets. LPB on the other hand is an important initiative to bring innovative IPO faster successfully on the market. LEM will allocate assets worth 2 million $L into it which should be a strong argument to bring this IPO through the approval phase.
(b) Real estate: LEM sits on too much cash right now. Real estate is not our core business but can be an additional market we want to explore. LEM already possesses major stakes in DDE, RDX, HOT which basically are real estate companies but these commitments are participations only. LEM continues to invest into such business as long as the ROI and long term perspectives are ok for us. However, we also would like to start investing in own property. A co-operation with an experiences land owner/manager is in discussions others may follow. At the moment roughly 1.2 million $L is directly invested into real estate over listed companies which is an equivalent of 15% of all assets LEM owns actually. We see this portion rising to 25% next year.
(c) Trading: Trading was successfully till now, but it is limited though personal input staff can put into it. LEM will keep trading in on a healthy and profitable level but can hardly increase it any more. Trading with 10’000 $L is one thing with 7 million something else…lol
(d) Real life projects: We started to do some work in SL for RL companies which already resulted in returns, however, this is a bit tricky also from a legal point of view (VAT, etc.).. LEM thinks SL is SL and RL is RL. However, there are ways to bring those worlds together. 3D-Web applications, exploration platform, extended marketing environment are just some key words how SL could be used for RL. LEM is working already on its new web and will try to consider such aspects. In 2008 we hope to reserve more time to such business development idea and develop new ones. We also strongly believe in the open source perspectives of SL.
(e) LEM share price: We got the approval from WSE to trade our own shares. LEM is interested to see its share price oscillating in a certain range. In first order we let the market define the share price but will intervene if we think the share price is too low or too high. If too low we will purchase shares and possibly destroy them over buy back option. In the latter case we will bring own shares on the market but keep a majority of 50.1%.
(f) Expenditures: Enough is enough

LEM thanks you all for all your support through 2007. Without our customers we couldn’t have achieved what we have achieved and we strongly hope that we can continue doing business together in 2008 as we did in 2007. Let me wish in the name of LEM a merry Christmas and only the best for 2008

Greetz

Casper Trebuchet

LEM, CEO
House if derivatives (LFB, LWI, LHH)

http://lemurinvest.blogspot.com

Saturday, December 8, 2007

LFB: Dividend and report for November 2007

The weekly average of the basket is again low with 38.84. However, three elements have to keep in mind. First: WSE 4.0 should be released soon which should bring new momentum in HLC and linked to this HCL is slowly stepping towards the 2nd February where the next dividend payment should be occur. Second: RDX announced an interesting share transformation program which is in the interest of the common shareholder. This program should be executed in the next coming months and will bring nice dividends and also awareness in regard to the growth potential of this company. Third: The partnership in between APZ and SLM seems to be fructose. The SLM share will surely get some support due to the potential which is still mostly unexplored in this partnership. As only a little improvement is needed to break the trend for LFB we keep optimistic. At actual prices LFB still has a ROI of over 50% pa.
>>>>>
Situation on 5th October 2007 for LFB (compare also with our blog or prospectus):

HCL = 0.98 (1.28) $L, weight =20
RDX= .87 (1.06) $L, weight =20
SLM= .46 (0.79) $L, weight = 4

Weekly basket value = HCL*20 + RDX*20 + SLM*4 = 38.84 (49.46)

Average basket value (8th June-5th December) = 51.93
Spot basket value on 8th June = 73.76
>>>>>

Keep in mind that HCL was already at 2.63 $L two month ago and even higher in spring 07 and the volumes on WSE rebounded powerful after the summer depression what will generate profits to HCL.

If shares of HCL or RDX would only climb 0.85 $L the value of the basket would bypass the value from the spot=73.76 and the shareholder would get a higher dividend.

The minimum dividend of LFB is 0.2 $L/share/month and was paid just before. However, a maximum dividend of 0.7 $L/share/month is feasible if the basket performs.

Greetz

Casper Trebuchet

LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM IPO Booster as not approved IPO)
http://lemurinvest.blogspot.com

Friday, December 7, 2007

SPO off - LEM traded again

The deadline of our SPO was reached yesterday. Also we didn’t sell all shares we wanted to thank you sincerely for your commitment. We really appreciate and were a bit surprised by the amount of shares we could sell.

LEM sold 210‘869 shares which brought 316‘304 $L in our treasury. This money will be invested in accordance with our investment strategy which is described in our prospectus.

LEM also would like to make you aware of the fact that WSE approved our request for trading our own shares. We will use this new freedom to keep our shares in a certain healthy range but will keep in any case a majority of all outstanding shares.

Greetz

Casper Trebuchet

LEM, CEO
House of derivatives (LFB, LWI, LHH)

http://lemurinvest.blogspot.com

Monday, December 3, 2007

LEM - Financial report (November 07)

Summary
=================================================================================
NAV sank in November 2007 slightly from 3.506 to 3.44.
Net profitability of equity after dividend rose to 10.07% /month (7.06%)
Dividend is 0.045 $L /share/month

This month was characterized through a lot of movements. We cancelled our loans and reduced our debts in consequence. Profits out of these actions were added to regular financial products.

The NAV reduced its value slightly as SPO was running satisfactory and diluted its value. This capital will serve to be invested in sustainable business in SL and will contribute to further growth.

Trading was good and we earned 241089 $L with almost no losses.

We put again some focus on our analysis work. A report on ALC was published by Miles Market, our chief analyst. He will soon start a survey among listed companies on WSE in relation to his thesis he is writing in RL. We will inform you separately about this important project.

LEM 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)
================================================================================
Income ($L):
------------
Financial products : 280’581 (213'219)
Others : 15’825 (41'825)
TOTAL : 296’406(255'044)

Expenses ($L):
--------------
Financial Products : 101’500 (124'600)
Donation : 0 (0)
Tier : 6’000 (6'000)
Wages : 10’000 (10'000)

TOTAL : 117’500 (140'600)

Profit ($L) : 178’906 (114'444)

Asset ($L)
----------
WSE : 4’571’356 (4'081'959)
SLCX : 848’463 (961'797)
DSE : 62’105 (64’940)
ISE : 27’986 (43'665)
Land : 6’000 (6’000)
Loan : 0 (3’000’000)
Cash : 251’053 (164'022)
Investment : 15’000 (14'000)

Total : 5’806’963 (8’346'883)

Liabilities ($L)
----------------
Loan : 0 (3'000'000)
Dividend : 84'154 (87’500)
Total foreign capital : 84’154 (3'087'500)

Constitutional capital LEM: 1’663’641 (1’500’000)
Constitutional capital LFB: 464’480 (464’480)
Constitutional capital LWI: 130'026 (130’026)
Constitutional capital LHH: 1'671'590 (1'671'590)
LEM Future Fund : 520’000 (518'000)
Reserves : 1’094'166 (860'843)
Profit : 178’906 (114'444)
Total equity : 5’722’809 (5'259'383)

Total liabilities: 5’806’963 (8’346’883)

Monthly dividend/share : 0.045 $L /month (0.045)
NAV 3.44 (3.506)


Notes:
========================================================================
(1) General: LEM thinks that titles on WSE finally found a stable evaluation level. Companies restart to pay dividends and publish promising financial reports. The IPO list was recently cleaned and together with the new listing criteria a good basis is established to stimulate further growth. Rumors say that WSE 4.0 will be released in mid December. This will further stimulate traffic and volumns at WSE.

(2) Consultancy work was down this month. We simply had no time at disposal as we were very taken by RL. However, still different projects are in our product pipeline.

(3) LFB: The index is still losing as HCL and RDX are still weak. However, in both titles we see further growth possibilities. At actual prices of 8 $L LFB has a profitability of >50% p.a. As already outlined at different times before, only a small increase in HCL and RDX is needed to bring LFB up and to interest of 7%/month.

(4) LWI:WSE is now down to 10 titles and the index down to 20% in relation to 18th July. However, different titles on the index still were going through their SPO which is reducing the index artificially. We judge that it reach break even this month. Values in real time can be followed in a chart on our blog http://lemurinvest.blogspot.com

(5) LHH:WSE. No changes. Buy back value is still 3.67 $L/share. When will HCL reach a new record and thus LHH too?

(6) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. A new SIM will be purchased which will partly be financed by a contribution of LEM. It will be operational in short time. This investment reflects our commitment to sustainable investment.

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 1.20 $L which is an increase of 20% since its creation.

8) LEM IPO Booster (LPB) : A new IPO we 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!

9) Web: The web development is postponed for the moment. Hope towards New Year we will be ready with.

10) Defamation: LEM learned that is only too easy in SL to defame competitors in order to harm their business or reputation as RL courts don’t yet really consider slander and libel in SL. On the other hand SL and RL start to mix up in each other more and more which is quite horrible if you think on the consequences. Because of this we created a help group in SL “anti slander and libel group”. In doing so we opened files on known libelers in order to collect facts. You can join or ask me for further information.

Net profitability of equity after dividend is 10.75% /month
Dividend is 0.045 $L/share/month

Next report:
===================================================================================
Next report will be published on January 2, 2008. Updated 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

Saturday, December 1, 2007

LEM - dividend paid

A dividend of 0.045 $L/share was paid as announced.

The financial report for november will follow on 3rd december.

Greetz
Casper Trebuchet

LEM, CEO
House of derivatives (LFB, LWI, LHH)

http://lemurinvest.blogspot.com