LEM realized a net profit of 20'903 $L which allows us to pay a dividend of 0.01 $L/share. Our NAV slight increased to 1.22 $L/share compares to 1.14 $L/share last month.
The dividends will be paid as soon as LEM is traded at the main board. We hope that this will happen in short time. All outstanding shares will be considered for the dividend payment.
Our financials are given below
LEM
As you can see our earnings were slightly above predictions we made in October. This is mainly due to some lucky share trades we could conclude on ISE and VsTex.
Our cash position is important right now and will even grow with the IPO money we will get. We see this as temporarily status. There are different investment projects in SL we are investigating right now in which we are looking to invest.
The trading on the different $L exchanges allows us to realize some profits which cannot be neglected. Furthermore it has the advantage that this money can be made liquid in short time if we need it for an investment project. We will continue to do so.
On the derivative side LEM is a bit disappointed about the stock market development at ISE as such. There are now quite a few new companies listed at ISE and companies in general communicate and show some continuity. Some of them even have nice underlying business ideas. However, the market is extremely volatile due to small volumina and only a few buys or sells can destabilize the market completely. Under such circumstances it makes little sense to develop derivatives. LEM will continue to observe the market and react accordingly. We haven’t given up yet creating derivatives!
As always we are looking optimistic into the future and hope that LL will not add new restrictions or other not consumer friendly measures – St Nicholas has spoken here…lol…
Greetz
Casper Trebuchet
LEM
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