LEM ended the second quarter 2012 with a net profit of 321'937 $L (149'760) . The overall value of our portfolio (NAV),evaluated at purchase prices, increased to 0.98 (0.64) $L/share. Dividend will be distributed on 3rd July 2012.
The detailed financial report is given here.
Shareholder’s equity: 1'976'474 (1'153'000) $L
Net Profit: 321'937 (149'760) $L
Dividend: 90'000 (50’000) $L + extra dividend 30'000 $L (0 $L)
2’000’000 shares, nominative value: 0.5 $L
NAV: 0.98 (0.64) $L
----------------------- Figures in ( ) of last month
LEM continued to build up its portfolio and but an emphasis on risk management. We started to limit our participation in EVO where no news are available. Also we still believe in the potential that this company might have. However, the way the company is communicating doesn't match to our standard Lemurian rules. We will follow their development during the last quarter and then take a decision. During the 2Q2012 EVO generated for us a loss of 17'000 $L which had an impact on our profit.
The SPO which we concluded successfully during the last quarter allowed us to invest in some interesting new projects, among them BOOT but also EARN. We hope that those investments will be benefically for LEM in the future. On the other hand we slightly reduced our participation in ADV. As long as the reason for the PSO to Anshe Chun over 2 mio shares is not clear and the deal which was made or will be made, or even a statement of Anshe herself exist about this investment, we will stay on the side line.
Our revenues experienced again an increase through the second quarter of 2012. However such was again related to extraordinary consultancy work in the field of business strategy management which continued an unexpected manner. We cannot guarantee that such will continue also we are looking actively for alternatives. To express the extraordinary character of those revenus we decided to distribute not only a dividend but an additional bonus of 30'000 $L. In other words a total dividend of 120'000 $L will be distributed for the 2Q12.
At the moment we don't see new investment we could do at CAPX and we are already exposed quite massivley in different positions. The next quarter will see us be more cautious, secure certain positions and continue to build up a safe cash position. Not used captial will be distributed as dividends. As a consequence you probably will see our pay out ratio for dividends increase during the next quarter. As long as no other investment opportunities would come up.
Again we hope to see this consultancy business growing but if we say extraordinary revenu we mean extraordinary revenu … and yes, we are still dreaming of creating derivatives at CAPX... what last long... may be somebody can complete here...lol ...
Dividend will be distributed on 3nd July 2012.
Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.
Happy trading to all of you at CAPX....
Greetz
Casper Trebuchet
http://lemurinvest.blogspot.com
Wednesday, June 27, 2012
Tuesday, June 19, 2012
Financial report 2Q2012 - forecast
Our financial report (LEM:CAPX) for 2Q2012 will appear on June 30, 2012. Dividends will be distributed on July 3, 2012
The 2Q was a bit out of the norm because of the SPO we finalized successfully. This had a direct influence on our reporting with all the interim financal reports we have published. The SPO affected the treasury as we paid back our liabilities to third parties. However, things should come back to normal again for the 3Q.
The forecasts in our financial report seem to be realistic.Assuming that no unexpected extra revenu would occur till end of June.
Dividends should also correspond to what is given in the link, assuming that no interesting new investment challenges would be brought to CAPX which could motivate us to alter the pay out ratio, so that more cash would be at disposal for investments.
Greetz
Casper Trebuchet
LEM, Chairman
The 2Q was a bit out of the norm because of the SPO we finalized successfully. This had a direct influence on our reporting with all the interim financal reports we have published. The SPO affected the treasury as we paid back our liabilities to third parties. However, things should come back to normal again for the 3Q.
The forecasts in our financial report seem to be realistic.Assuming that no unexpected extra revenu would occur till end of June.
Dividends should also correspond to what is given in the link, assuming that no interesting new investment challenges would be brought to CAPX which could motivate us to alter the pay out ratio, so that more cash would be at disposal for investments.
Greetz
Casper Trebuchet
LEM, Chairman
Sunday, June 17, 2012
New Office
we have just moved our offices as you might have noticed.
HQ-LEM-Invest
The location is more convenient for us because of different reasons. The most important is that it has a track for bikes just starting next door. Whenever I get bored at CAPX I just can hop on my chopper and go for a ride.
Lately that happened more often, as we slowly come into an investment problem. It has to do with the market size of SL-economy and how it develops. I might be wrong, but I see a kind of stagnation since a longer time and such would be bad news.
If the economy within SL is not developing that means that companies can only grow on the back of their competitors. As an investment company - as we preted to be one - it means to become more cautious, build up cash positions and wait on the sideline till a clearer tendency can be seen. Or that new interesting IPO's would happen at CAPX which open new market segements in the virtual worlds.
If we no longer would accumulate cash that would probably result in a higher pay out ratio for our dividends. It is too early to say, and it will be a matter of future strategic decisions we take.
But let's come back to our new office. We have invested into a private bot from Smartbots . She is called Theokleia and is my assistent. As you can see in the pic she still needs some refinements... ;-)... but I'm not good in such things. I realized that it is quite a challenge for me to do so, selecting body shape, skin, hair, shoes, and all that little screws which you have to turn to make her look like as you want. And you know what, I realized that the perfect woman doesn't exist... lol ... either you love them as they are or you don't ... it's quite interesting ...
So please don't make fun of her, as she really can answer IM's in world in quite an intelligent matter. We also plan to use her as group inviter for new shareholders in LEM for our company group in SL "Lemur Invest (LEM)" but that still need some time because of technical reasons. If you have suggestions how to change her apperance then please tell me, I have open ears for such. She is protecting the ground floor of our new HQ, you will find her there when you enter.
During July we will try to invest some time to fully equip the office and expose our products, investments and projects we have. If you are curious then have a look. An open house will then follow as soon as things are realized.
Happy trading and greetz
Casper Trebuchet
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