LEM:CAPX, financial report August 2011

Hello,
sorry, LEM had to publish our financial report for August 2011 already today because of RL issues which will come up. Anyway, it might be helpful to you as I see that the title is searching to find the right market price. The financials will surely help you to weight LEM in an appropriate way.

The figures are given here.

https://docs.google.com/spreadsheet/ccc?key=0AmsUoA28lTawdHFZekc2X3pneXhqM1R5V3VJUDRaSGc&hl=en_GB
Shareholder’s equity: 777’504 $L

Profit: 17’304 $L
Dividend: 8’652 $L
1’500’000 shares, nominative value: 0.5 $L
EPS: 00.005768 $L
NAV: 0.52 $L

We close with a profit of 17'304 $L. However, also we felicitate CAPX for its great support they don't deliver those services for free what we understand of course…;-). That is why we had an exceptional expense of 12'000 $L which hampered our profit.
This expense was counterbalanced with an exceptional consultancy revenue in SL of 8’000 $L. In the end that means for you that we can pay a dividend of 8'652 $L. We will pay it on the 30th.

As the IPO passed so quickly we are still a bit caught by that experience. We are studying right now different plans in line with what we have described in our business plan. We don’t expect major changes during September when it comes to our revenues.

The titles in our portfolio look stable as well and represent economical active companies.

A word to the trading of our shares. LEM will not trade its own shares, as we believe in free market decisions. However, even as circuit breakers at CAPX exist, we will keep an eye on the development of the title. If we think LEM is really under evaluated we will intervene, but also in the opposite situation. But such interventions should happen only rarely and we will make such steps public whenever they are necessary. The actual policy of LEM is to hold its stake of 1 mio shares. We cannot exclude that at one point we will aim to increase the free float but for that a decision of the BOD is needed. For the near future we have no such plans.
Thank you again for your confidence…. I really see old investors in the shareholder list! And not small ones.

If you have further questions, don’t hesitate to contact me. I will produce some additional expenses in form of a kind of letter box/office I will rent… but its size will be in relation to the revenue we realize …so no nightmares for you. If anyone of you has a good solution for me to suggest then don’t hesitate to tell me.

Greetz
Cas