The listing of DEL's DDE has some impacts on our assets. Not the one of the DEL button of my keyboard…lol…That is why I thought it to be necessarily to give you a short status about our business. The listing of DDE:ISE let our NAV rose to over 1.4 $L/share. Independently of that, our net profit climbed up to 22’000 $L in the first 12 days in December. Dividend for December will probably be at least 0.015 $L /share.
The listing of DDE:ISE has a positive influence on our assets. We had them in the books with 1 $L. it comes out that this value was underestimated. With current prices of 2.5 $L our assets will climb and the NAV will rise to > 1.4 $L/share.
On the earnings side we worked quite well with the different currency exchanges and are lucky to have invested into some companies which pay dividends. Also trading contributed a bit. Overall we had 22’000 net profit in the first 12 days of December. We estimate that this value will be doubled till end of the year.
If we take a net profit of >40’000 $L and consider that 50% goes into dividends then we can assume a minimum dividend of 0.015 $L per share.
There are also some negative points. Our projects really don’t advance. Playing on ISE and do some clicks per day to survey is one thing. Investing time into a project needs much more energy and resources which I don’t really have right now. But hopefully, I will find a solution for that and a new motivation.
LL is not really helping to give me this motivation. It is somehow alarming to me that there are no real new developments to see and this since months. It looks as they are running the whole thing on low fire and wait on better times. Development is costing money and venture capital is not easy to get during this hard times. I really wonder about their financial capacities and situation. Hopefully I’m wrong here.
I wish you already a merry Christmas and an excellent New Year as my next post possibly will come in the beginning of next year….somebody has to start with the greetings I think …
Greetz
Casper Trebuchet
CEO, LEM
http://lemurinvest.blogspot.com
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