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