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
Saturday, December 13, 2008
Monday, December 1, 2008
Financials NOV08
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
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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