Financial Report September 2011

LEM stabilized its position in the market and is preparing for further steps we want to take. LEM ended its month with a net profit of 18'847 $L which represents an increase since last month. The overall value of our portfolio (NAV) increased form 0.52 $L to 0.65 $L per share. Dividend will be 0.00628 $L (0.00577) per share.

The detailed financial report is given here.
https://docs.google.com/spreadsheet/ccc?key=0AmsUoA28lTawdHFZekc2X3pneXhqM1R5V3VJUDRaSGc&hl=en_GB#gid=1

Shareholder’s equity: 1'031'000 (777’504) $L
Profit: 27'049 (17’304) $L
Dividend: 9'424 (8’652) $L
1’500’000 shares, nominative value: 0.5 $L
EPS: 0.0118 (0.0053) $L
NAV: 0.65 (0.52) $L

----------------------- Figures in ( ) of last month

LEM used the month of September to extend its portfolio in order to diversify and to create a basis for our derivative products we are working on. However, the market is right now not yet calculable enough with new companies joining almost in a weekly basis and a high volatility. But we follow the market situation and have our radar focused on opportunities to invest.

LEM extended its stake in two listed companies during last period of reporting. There is EARN where we control now 200'000 shares and finally EVO with 100'000 shares. Both enterprises have innovative products and are on the brink to bring them on the market what should have a positive impact on their earnings.

As LEM bought those shares over the counter we had to pay transfer fees to CAPX. Also they were split between pruchaser and seller they still hamper our results as they are rather high (8'200 $L). The good side of the story is that we could get them for good prices.

During September we decided to increase our board of directors (BOD). We are happy to have win Venatrixx to join as CRO (customer relationship manager). She will support us in searching and evaluating new business opportunities and keep us motivated for further expansion... ;-) .. An important point if I read the sometimes hatred comments in the forum of the CAPX. HEY... wake up ... this is a game and should be fun ! Anger we can have in RL enough...lol

Dividend will be distributed on 30th September 2011.

We have now offices at Capel. So if we are online there is a chance to meet us there. You will be more than welcome.

Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.

Greetz
Cas
http://lemurinvest.blogspot.com