LEM:ISE ended March 2009 with a profit of 19'615(47’564) $L before dividend payment. NAV rose to 1.76 (1.52) $L/share. The dividend is set to be 0.015 (0.0165) $L/share and was distributed just before.
March was stable compared to Februray. Some shares of our portfolio rose strongly (DDE and RDX) what sent our portfolio bullish. Its value climbed up to 1.76 $L/share. We hope that thise tendency will keep on. Also dividend earnings rose accordingly up to 9'000 $L and we realised some trading profit.
The reduced earnings are related to a depreciation we did in regard to the ISE:SIM drama. The CEO promised to buy back the shares and then disappeared without any notice. We had to depreciate 30'000 $L which put LEM into loss for March. However, we still hope that all this is a misunderstanding and that Pablo from SIM will stay to his word and do his buy backs.
The currency exchanges started to turn down in February and our earnings dropped 50%. We don't see the currency exchanges recovering and are thinking to use it differently. We will invest some time into research to find a solution.
The balance sheet and PL-sheet is given below
Financials
Our outlook for April is mediocre. We cannot guarantee the level of income as it depends partly on the future of currency exchanges in SL. However, we are optimistic to keep the actual dividend.
Greetz
Casper Trebuchet
CEO, LEM:ISE
Monday, March 30, 2009
Sunday, March 1, 2009
Financials - February 2009
LEM:ISE ended February 2009 with a profit of 47’564 (44'142) $L before dividend payment. NAV reduced to 1.53 (1.65) $L/share. The dividend is set to be 0.0165 (0.015+0.0015) $L/share and was distributed yesterday.
February was a slower month compared to January. On one hand I was hardly online in SL due to RL activities and on the other the market itself slowed down. As a result most of the major titles (DDE:ISE, RDX:ISE, ITA:VSTEX) in our portfolio lost momentum and the NAV went down to 1.53 from 1.65 $L the month before.
The currency exchanges begun strong in the first weeks of February but then considerably slowed down as well. In the end the revenue were still higher as in January. It looks as more and more “currency traders” are joining the boat which doesn’t make the cake bigger for everbody. This tendency is contradicted by an increase of new residents, LL is apparently successful to attract. It will be interesting were all this will lead to. For us it means that working with currencies is interesting but that new resources need to be explored. Most potential we see in “investment” projects where RL companies use SL as 3.0 Web platform. But looking into RL economy environment right now let us wonder whether those conditions may trigger such projects. Anyway, we stay on the sideline with open eyes.
Dividends also contributed to the revenue of LEM:ISE, mostly DDE and RDX. Independently of this LEM:ISE will continue to reduce its portfolio of quoted companies.
On the derivative side there is not a lot to say right now. We put our focus on subjects outside the virtual stock exchanges.
Dividend is 0.0165 $L per share which is about 45% of the realized profit. The other 55% get reinvested. LEM is not planning to increase the dividend percentage. Or should LEM think about paying high dividends and go into a huge SPO and start trading excessively its own shares…well, my name is not Ponzi..lol
The balance sheet and PL-sheet is given below
LEM:ISE
Our outlook for March is good. We cannot guarantee the level of income as it depends partly on the future of currency exchanges in SL. Other investment projects are in evaluation.
I’m still an optimist…as we live in the best of all worlds..I love Voltaire
And for all those who don’t think similar but are still greedy enough to wait for the big profit we put a buy order to make things easier to them so that they can sell their shares with profit. Those shares will then be destroyed.
Greetz
Casper Trebuchet
CEO, LEM:ISE
February was a slower month compared to January. On one hand I was hardly online in SL due to RL activities and on the other the market itself slowed down. As a result most of the major titles (DDE:ISE, RDX:ISE, ITA:VSTEX) in our portfolio lost momentum and the NAV went down to 1.53 from 1.65 $L the month before.
The currency exchanges begun strong in the first weeks of February but then considerably slowed down as well. In the end the revenue were still higher as in January. It looks as more and more “currency traders” are joining the boat which doesn’t make the cake bigger for everbody. This tendency is contradicted by an increase of new residents, LL is apparently successful to attract. It will be interesting were all this will lead to. For us it means that working with currencies is interesting but that new resources need to be explored. Most potential we see in “investment” projects where RL companies use SL as 3.0 Web platform. But looking into RL economy environment right now let us wonder whether those conditions may trigger such projects. Anyway, we stay on the sideline with open eyes.
Dividends also contributed to the revenue of LEM:ISE, mostly DDE and RDX. Independently of this LEM:ISE will continue to reduce its portfolio of quoted companies.
On the derivative side there is not a lot to say right now. We put our focus on subjects outside the virtual stock exchanges.
Dividend is 0.0165 $L per share which is about 45% of the realized profit. The other 55% get reinvested. LEM is not planning to increase the dividend percentage. Or should LEM think about paying high dividends and go into a huge SPO and start trading excessively its own shares…well, my name is not Ponzi..lol
The balance sheet and PL-sheet is given below
LEM:ISE
Our outlook for March is good. We cannot guarantee the level of income as it depends partly on the future of currency exchanges in SL. Other investment projects are in evaluation.
I’m still an optimist…as we live in the best of all worlds..I love Voltaire
And for all those who don’t think similar but are still greedy enough to wait for the big profit we put a buy order to make things easier to them so that they can sell their shares with profit. Those shares will then be destroyed.
Greetz
Casper Trebuchet
CEO, LEM:ISE
Monday, February 2, 2009
Additional Div - Super Bowl
A small additional dividend of 0.0015 $L per share was paid today. It’s cosmetics you might say. It surely is but I think it is to honor the fact that the Steelers won the super-bowl..call me sentimental if you like. I give you four reasons why:
Because of William Pitt the name giver of Pittsburgh. He made the British Empire famous and cracked the French but couldn’t stop the independence of USA which strongly influenced the French revolution which finally remodeled the whole political landscape of Europe. This almost sounds like the way we find our ways through SL - from one new rule from LL to another regulation and another policy - with the exception that we haven’t identified a Pitt yet…It cannot be one of the Lindens as Pitt was known to give clear instructions and was a splendid and talented communicator…lol
Or the fact that steel production went up and down in Pittsburgh and transformed into somehting new and more sustainable. A bubble which went off but found a strong base again…sounds like we have to see our ponzi schemes here in SL or understand the financial systems in RL
Or because of the ancestors of Ben Röthlisberger which are coming from the same local spot as me where the Swiss Emmentaler cheese is coming from…for the insider it is the one with the big holes..
Or just because I like it
Up to you to decide.
Greetz
Casper Trebuchet
Because of William Pitt the name giver of Pittsburgh. He made the British Empire famous and cracked the French but couldn’t stop the independence of USA which strongly influenced the French revolution which finally remodeled the whole political landscape of Europe. This almost sounds like the way we find our ways through SL - from one new rule from LL to another regulation and another policy - with the exception that we haven’t identified a Pitt yet…It cannot be one of the Lindens as Pitt was known to give clear instructions and was a splendid and talented communicator…lol
Or the fact that steel production went up and down in Pittsburgh and transformed into somehting new and more sustainable. A bubble which went off but found a strong base again…sounds like we have to see our ponzi schemes here in SL or understand the financial systems in RL
Or because of the ancestors of Ben Röthlisberger which are coming from the same local spot as me where the Swiss Emmentaler cheese is coming from…for the insider it is the one with the big holes..
Or just because I like it
Up to you to decide.
Greetz
Casper Trebuchet
Saturday, January 31, 2009
Dividend paid, financials for JAN09
LEM:ISE ended January 2009 with a profit of 44'142 $L before dividend payment. NAV rose up to 1.65 $L/share. The dividend is set to be 0.015 $L/share and will be distributed today.
January was quite a good month which saw as using the currency exchanges to our profit and which contributed to our income significantly. As a company we are a bit worried about the consequences the purchase of Xstreet through LL might have on the currency exchanges. The one at Xstreet is operating with a spread which brings him much closer to "real" circumstances. However, it needs much more care and survey if someone wants to use it as a currency trader. If LL would suppress one of those it would have significant influences on our company strategy.
Most of the companies in our portfolio paid dividends which also contributed positively to our revenu. Two of those companies – DDE and RDX – announced already strong results for January. LEM is hoping that those announcements are already a sign that SL markets found finally a bottom and start to get bullish again.
Unfortunately we had to cancel the derivative LMLFDDE:ISE which passed successfully the IPO procedure. This happened because of risk and operational issues we couldn't neglect. However, the fact that there exists a mutual interest in such products makes us optimistic for further developments. We have already some products in mind which belong to a different risk category and help the holder to earn a steady income even in markets with low trading volums and large spread.
LEM:ISE is quite happy that RDX:ISE finally moved to ISE and could successfully list. It permitted LEM to recover some of its lost assets at WSE what we really appreciate- thank you Redux. The shares of RDX boost our NAV up to 1.65 $L. Right now we are not planning to buy back shares. However, we will use the market to keep an eye on the range in which LEM is traded.
The balance sheet and PL-sheet is given below
LEM
Our outlook for February is good. We cannot guarantee the level of income as it depends partly on the future of currency exchanges in SL. However, there are more dividends to expect from companies in our portfolio. More important, we will continue to develop derivatives and looking out for interesting investment possibilities inside SL. Also we are worried about the consequences of the Xstreet purchase of LL in relation to currency exchanges we globally think that the strategy changes in LL might have some positive future impact on SL in general and therefore in the end on the economy of SL as a whole.
But all who know me know that I’m a hopeless optimist…lol
Greetz
Casper Trebuchet
CEO, LEM:ISE
January was quite a good month which saw as using the currency exchanges to our profit and which contributed to our income significantly. As a company we are a bit worried about the consequences the purchase of Xstreet through LL might have on the currency exchanges. The one at Xstreet is operating with a spread which brings him much closer to "real" circumstances. However, it needs much more care and survey if someone wants to use it as a currency trader. If LL would suppress one of those it would have significant influences on our company strategy.
Most of the companies in our portfolio paid dividends which also contributed positively to our revenu. Two of those companies – DDE and RDX – announced already strong results for January. LEM is hoping that those announcements are already a sign that SL markets found finally a bottom and start to get bullish again.
Unfortunately we had to cancel the derivative LMLFDDE:ISE which passed successfully the IPO procedure. This happened because of risk and operational issues we couldn't neglect. However, the fact that there exists a mutual interest in such products makes us optimistic for further developments. We have already some products in mind which belong to a different risk category and help the holder to earn a steady income even in markets with low trading volums and large spread.
LEM:ISE is quite happy that RDX:ISE finally moved to ISE and could successfully list. It permitted LEM to recover some of its lost assets at WSE what we really appreciate- thank you Redux. The shares of RDX boost our NAV up to 1.65 $L. Right now we are not planning to buy back shares. However, we will use the market to keep an eye on the range in which LEM is traded.
The balance sheet and PL-sheet is given below
LEM
Our outlook for February is good. We cannot guarantee the level of income as it depends partly on the future of currency exchanges in SL. However, there are more dividends to expect from companies in our portfolio. More important, we will continue to develop derivatives and looking out for interesting investment possibilities inside SL. Also we are worried about the consequences of the Xstreet purchase of LL in relation to currency exchanges we globally think that the strategy changes in LL might have some positive future impact on SL in general and therefore in the end on the economy of SL as a whole.
But all who know me know that I’m a hopeless optimist…lol
Greetz
Casper Trebuchet
CEO, LEM:ISE
Friday, January 16, 2009
LMLFDDE - already busted?
yes it would if it would have been traded. In the last three days I set up the conditions each day just to see that the stop loss was reached again...lol
This would be a nice business for LEM- 60'000 $L profit in such a short time, but you understand that I see that differently.
Everything is ready for the derivative, the new conditions are set, the terms too but the circumstances don't speak for it. It is not even because of the weak actual bid side for DDE:ISE shares which permits to boost the derivative with as little as 2000-5000 $L. I also neglect the bullish outlook Del - the CEO of DDE:ISE - gave us for DDE. I planned to couple the MINI long future with a short product and I'm almost sure that this would bring important bids in ...help to increase the trade.
Unfortunately it is not possible to prove this theory as it would exceed my time I can put on my SL "activities" as it takes quite a bit of time to manage one MINI future not speaking of more of them.
In other words. I think I have to be realistic and stop this experiment for the time being till further notice. The day has 24h and for some there is still the night...lol...I have to confess that I underestimated the work load. One product is fine but makes no sense in the environment we have and two of those are far too much for me. Furthermore I'm more taken in RL right now which also is a strong argument against...
It is good to know that people exist who are interested in such products. I surely will not give up the idea..I already have ideas for other products. Products with less sexappeal but where my managment input is also much reasonable.
All existing shareholders of LMLFDDE will get remboursed...I will ask ISE what is the best to do so.
I hope you understand.
I'm at your disposal for further questions.
Greetz
Casper Trebuchet
This would be a nice business for LEM- 60'000 $L profit in such a short time, but you understand that I see that differently.
Everything is ready for the derivative, the new conditions are set, the terms too but the circumstances don't speak for it. It is not even because of the weak actual bid side for DDE:ISE shares which permits to boost the derivative with as little as 2000-5000 $L. I also neglect the bullish outlook Del - the CEO of DDE:ISE - gave us for DDE. I planned to couple the MINI long future with a short product and I'm almost sure that this would bring important bids in ...help to increase the trade.
Unfortunately it is not possible to prove this theory as it would exceed my time I can put on my SL "activities" as it takes quite a bit of time to manage one MINI future not speaking of more of them.
In other words. I think I have to be realistic and stop this experiment for the time being till further notice. The day has 24h and for some there is still the night...lol...I have to confess that I underestimated the work load. One product is fine but makes no sense in the environment we have and two of those are far too much for me. Furthermore I'm more taken in RL right now which also is a strong argument against...
It is good to know that people exist who are interested in such products. I surely will not give up the idea..I already have ideas for other products. Products with less sexappeal but where my managment input is also much reasonable.
All existing shareholders of LMLFDDE will get remboursed...I will ask ISE what is the best to do so.
I hope you understand.
I'm at your disposal for further questions.
Greetz
Casper Trebuchet
Monday, January 12, 2009
LMLFDDE passed the IPO!
We have asked ISE to stop the IPO yesterday till the financial from DDE have been published. Unfortunately that didn't happen and the IPO got already fully through, even as we have warned the potential certificate holders about the dangers that migth inflict.
It is understable in a way, as DDE published in the meantime very nice financial data which show a bright future for DDE. Excellent work DEL. A long mini future is therefore exactly the tool to have in order to maximise profits in DDE.
As we have warned before we will now rethink the product and set its conditons. This will happen asap. If our decision is to give the product free for trading we will ask ISE that the actual certificate holders of LMLFDDE can reserve their certificates they already bought if they want. LEM also bought a few which we will put on sell. If the decision is a no go then the certificate holders will get their funds back. Nothing will happen without the approval of actual certificate holders. We have the shareholder list and will contact those holders over the message system of ISE as some of you might have capped IM.
Please expect a reaction decison soon.
Greetz
Casper Trebuchet
It is understable in a way, as DDE published in the meantime very nice financial data which show a bright future for DDE. Excellent work DEL. A long mini future is therefore exactly the tool to have in order to maximise profits in DDE.
As we have warned before we will now rethink the product and set its conditons. This will happen asap. If our decision is to give the product free for trading we will ask ISE that the actual certificate holders of LMLFDDE can reserve their certificates they already bought if they want. LEM also bought a few which we will put on sell. If the decision is a no go then the certificate holders will get their funds back. Nothing will happen without the approval of actual certificate holders. We have the shareholder list and will contact those holders over the message system of ISE as some of you might have capped IM.
Please expect a reaction decison soon.
Greetz
Casper Trebuchet
Thursday, January 8, 2009
New IPO at ISE - Derivative - LMLFDDE
LEM just filed an IPO for a derivative. The first one of this category we created within SL. It is a so called MINI LONG FUTURE Certifcate on DDE shares. We thought, after some reflections, that this type of derivative is best situated to fit the special circumstances we have in our virutal world.
We think the moment is good chosen. DDE is a company with reputation within SL. Furthermore, Delicious Demar is owing us an update about her company. So lets bet, will it be postive or not?
If it is the LMLFDDE are the product for you. YOu can particpate at the increase of the share prices with a fraction of the cost of real shares but with leverage factor and this open end...:-). And if not, well, you lose.
But to speak more frankly. LMLFDDE is not a product where you should put all your carved stones. It is an investment product to diverse your protfolio and reserve high returns.
We cannot wait to see your reactions.. The board of ISE accepted our IPO and put it on vote. The voting will stay open till Saturday, 1/10/09 at 9am SLT time. LEM wouldn't mind if your vote is YES!
Click here to vote on ISE
If it would be a success a similar MINI SHORT Furture on the same title will follow.
LEM believes that such products have a great future at virtual stock exchanges as they have in RL.
Greetz
Casper Trebuchet
We think the moment is good chosen. DDE is a company with reputation within SL. Furthermore, Delicious Demar is owing us an update about her company. So lets bet, will it be postive or not?
If it is the LMLFDDE are the product for you. YOu can particpate at the increase of the share prices with a fraction of the cost of real shares but with leverage factor and this open end...:-). And if not, well, you lose.
But to speak more frankly. LMLFDDE is not a product where you should put all your carved stones. It is an investment product to diverse your protfolio and reserve high returns.
We cannot wait to see your reactions.. The board of ISE accepted our IPO and put it on vote. The voting will stay open till Saturday, 1/10/09 at 9am SLT time. LEM wouldn't mind if your vote is YES!
Click here to vote on ISE
If it would be a success a similar MINI SHORT Furture on the same title will follow.
LEM believes that such products have a great future at virtual stock exchanges as they have in RL.
Greetz
Casper Trebuchet
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