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Forums > Special Situations > Topic: Financial Reports - for CEO Posting Only
| Feb 4th 2011, 23:01 Skip Oceanlane |
Financial Reports - for CEO Posting Only | |
| This will be there area for the CEO to post monthly and/or quarterly financials for Special Situations. Thank you. | ||
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| Mar 6th 2011, 13:05 Wenden Xeno |
FINANCIAL STATEMENT - FEB 2011
Edited by author Mar 8th 2011, 15:03 |
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| SAS Financial Report - FEB 2011 • SAS successfully lists on SLCAPEX • 68% of 100K L$ allocation invested in SLCAPEX Stocks • 200K L$ to be used for currency trading on ICE platform • Stock investments flat at 99% value following 1 months trading • SAS shareholders to vote on dividend payment policy • SAS company policy SAS successfully lists on SLCAPEX Following a legendary track record on the ACE and then the ISE, SAS shareholders voted to list on the SLCAPEX- offering an exciting new era for SAS in an exchange that has reinvigorated the SL trading scene, with quality stewardship by Skip Oceonline, refreshing effective marketing and game changing trading volumes now in play. 68% of 100K L$ allocation invested in SLCAPEX stocks Shortly before listing on SLCAPEX, SAS shareholders voted to invest 100 K L$ of our cash assets into SLCAPEX stocks, and I can report that we have invested 68% of this allocation into POS, mostly SLCAPEX, with the remainder to be invested into SAS and ICE at bid prices. Our current investments are as follows: SLCAPEX We currently hold 6143 shares with a value of 56516L$. I immediately began hoovering up SLCAPEX shares on the simple basis that the SLCAPEX is transforming from a shitty, low volume exchange to a high volume, well managed exchange thanks to the clear tranformation being masterminded by Skip Oceonline- so I wanted to get in fast before the money moved. Unfortunately, the stock split spooked investors, and one of its major holders bagan offloading a 30,000 share holding in a move that in in the short term, is garunteed to deflate the SLCAPEX stock price to at least 7.00 L$ a share, representing a 30% loss. These large shareholder sell-offs are a common theme amoungst the biggest SL stocks, and although unfortunate, have a common trend of being reversed in the medium-long term, so I plan to hold SLCAPEX for medium-long term gains, during which I plan to sell of at ask prices gradually to use the proceeds to buy up SAS and ICE. ICE The ICE was formally the ISE and it has shown relatively low volume since listing on the SLCAPEX. I bought in to ICE as it has a good share supply and demand dynamic caused by a small number of very large holders with a long history of holding, and I believe this stock will gain fans at the SLCAPEX once a trend of regular dividends and robust stock price performance gains fans. ICE share price rapidly surged to over 5L$ a share and we have a 68% gain on our average buy price with our 1503 shares now worth 7740L$ SAS Investing in SAS is an obvious choice as if their is one POS in SL stocks you can trust to deliver it is your own. We currently have 2500 shares which have gained 12% to 3250L$ 200K L$ to be used for currency trading on ICE platform We have 200K L$ set aside for currency trading on the ICE as soon as it is set up for this functionality. Stock investments flat at 99% value following 1 months trading Our stock portfolio is now worth about 99% if average buy price values. SAS shareholders to vote on dividend payment policy I do not expect to start paying dividends again for at lease a few months, once stock portfolio appreciation will be supplemented by a regular currency trading and dividend income. It will be the responsibility of SAS shareholders to vote on our dividend payment policy- While I welcome any motions from shareholders with at least 5000 shares, my own proposal will be to pay out 50% of profits as dividends each month and reinvest the rest. SAS company policy I plan to post our company policy on the forum in the next few weeks. This clearly sets out how SAS is to operate based on shareholder votes- the SAS CEO has to follow the company policy to the letter and it can only be changed via shareholder votes which can be proposed by any shareholder at any time with at least 5000 shares. Income L$ Dividend Payments 73 Other 0 Expendiature Dividend Payments (SAS) 0 Other 0 Profit / Loss 73 ASSETS STOCK TRADING ASSETS SLCAPEX 56515.6 ICE 7740.45 SAS 3250 cash 30059 Total 97565.05 % ROI 98% CURRENCY TRADING ASSETS ICE cash 0 Total 0 % ROI 100% OTHER ASSETS Avatar account 200000 TOTAL ASSETS 297565.05 % ROI 99% |
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| Apr 9th 2011, 07:11 Wenden Xeno |
Financial Report- MAR 2011 | |
| SAS FInancial Report - MAR 2011 *Overall Assets down 10% *CAPX stock dumped to buy up EVO *200K ready for investment on ICE platform Overall Assets down 10% Our total assets are down 10% following the disastrous performance of SLCAPEX which brought our total asset value down from 300K to about 270K, focusing in on our stock assets weve taken a 30% hit. CAPX stock dumped to buy up EVO Several times in the past ive held stock exchange POS only to be punished in the long term. I decided that CAPX was a bad move, weighed down so heavily as it is by large holders from before Skips time who have massive holdings and are gladly selling out now that liquidity is returned thanks to Skips efforts to revitalise the exchange. I therefore dumped all our SLCAPEX holdings at a 30% loss and used all proceeds to buy up EVO in IPO. EVO has allready gained 5%, and I chose it as it is breedibles, which is one of SL's most lucrative boom industries at the moment. I also think that this stock will attract new clients to the exchange scene from the breedibles scene, and this will offer EVO a loyal fanbase of shareholders which will inflate this share. 200K ready for investment on ICE platform Now that Arbi Tomsen has begun to launch some products on the ICE platform, I intend to begin investing there, tentatively at first, so as to begin increasing our profits with the aim of restarting our tradition of paying dividends and growing NAV. Our overall Income L$ Dividend Payments 106 Other 4 Expendiature Dividend Payments (SAS) 0 Other 0 Profit / Loss 106 ASSETS STOCK TRADING ASSETS EVO 37628 ICE 28012 SAS 4133 cash 72 Total 69845 % ROI 70% CURRENCY TRADING ASSETS ICE cash 0 Total 0 % ROI 100% OTHER ASSETS Avatar account 200000 TOTAL ASSETS 269845 % ROI 90% POS shares value Profit / Loss (%) EVO 35836 37628 +5% ICE 7003 28012 +36% SAS 3360 4133 +12% |
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| May 1st 2011, 17:12 Wenden Xeno |
Financials - APRIL 2011 | |
| SAS FInancial Report - APR 2011 *CAPX assets climb 30% to 101,000L as EVO investment instantly rewards! *Total Assets back to 300K IPO benchmark *currency trading slow at SLICE Last month we ditched our under-performing CAPX to buy up over 35,000 EVO shares at IPO. EVO has boomed to 160% IPO value and this has restored our stock assets 30% to 101,000L. Our total assets are back to our benchmark 300K levels at which we IPO'd over 3 years ago. Unfortunately their is barely any currency trading at SLICE- I only managed one trading cycle of EUD:LD yielding a pitifull 7L in currency trading income. I may post a shareholder vote to increase our Lindens devoted to stock trading to 200,000L as now that the SLCAPEX is clearly a viable trading house it makes sense to return to the business model on which SAS was founded which was more weighted towards trading stocks than currency. Income L$ Dividend Payments 443 Currency Trading 7 Other 3 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 453L TOTAL EXPENDIATURE= 0 Profit / Loss 453L (up 347L on previous month) ASSETS STOCK TRADING ASSETS EVO (35336 shares) 59364 ICE (10003 shares) 35410 SAS (3360 shares) 3696 cash 2957 Total 101428 (up 30% on previous month) % ROI 101% CURRENCY TRADING ASSETS ICE cash/CURRENCY HOLDINGS 10007L % ROI 100% OTHER ASSETS Avatar account 190000 TOTAL ASSETS 301435 % ROI 100% (up 10% on previous month) POS shares value Profit / Loss (%) EVO 35336 59364 +68% ICE 10003 35411 +20% SAS 3360 3696 +0% |
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| Jun 2nd 2011, 14:24 Wenden Xeno |
Re: Financial Reports - for CEO Posting Only | |
| SAS FInancial Report - MAY 2011 *Equity Assets broadly FLat *Total Assets Down 6% *100,000L to be pumped into SLCAPEX *Currency Trading operations halted EQUITY ASSETS BROADLY FLAT Our SLCAPX invested equities dropped 15% to 85903L$ which is broadly flat with last months value (this is because the total asset value can differ by 20% according to whether the last share was bought at bid or ask price when I record the figures). TOTAL ASSETS DOWN 6% Our total Assets now stand at 285910L$ - a 6% fall on last month. 100,000L TO BE PUMPED INTO SLCAPEX Having evaluated the healthy trading environment at the SLCAPEX Ive decided to pump in 100,000L$ (deposited as needed to buy stocks). I plan to use about 30,000 to 'Stalk' under-performing stocks with good fundamentals at below bid price and keep 70,000L$ available for new IPO's and buying up pre existing target stocks at bid price. If any shareholders with over 5000 shares are against this move then they are entitled to post a motion to vote against this on our forum. CURRENCY TRADING OPERATIONS HALTED The SLICE is an excellent trading platform which has picked up and seems to be doing extremely well. Unfortunately, however, I do not have time in to continue performing currency trading as I am completely tied up with SLX trading and my in-world project EcoGen Living Garden. I therefore plan to halt currency trading operations. Likewise with above, If any shareholders with over 5000 shares are against this move then they are entitled to post a motion to vote against this on our forum. Income L$ Dividend Payments 477 Currency Trading 0 Other 20 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 497L TOTAL EXPENDIATURE= 0 Profit / Loss 453L (up 347L on previous month) ASSETS STOCK TRADING ASSETS EVO (31495 shares) 47577 ICE (8780 shares) 19404 RDX (2141 shares) 3811 SAS (4360 shares) 4360 cash 10771 Total 85903 (Down 15% on previous month) % ROI 86% CURRENCY TRADING ASSETS ICE cash/CURRENCY HOLDINGS 10007L % ROI 100% OTHER ASSETS Avatar account 190000 TOTAL ASSETS 285910 % ROI 95% (Down 6% on previous month) POS shares value Profit / Loss (%) EVO 3149 47557 +51% ICE 8780 19404 -25% RDX 2141 3811 +5% SAS 4360 4360 -9% |
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| Jul 4th 2011, 13:45 Wenden Xeno |
JUNE Financials | |
| SAS FInancial Report - JUNE 2011 *Equity Assets broadly Flat *Total Assets Up 3% on last month *21652 ADS holding primes SAS for success! EQUITY ASSETS BROADLY FLAT June saw us pump 100,000L into the SLCAPEX and reorganise our positions to what I believe to be a tasty selection of dividend paying stocks. My first step was regrettably to sell off our ICE shares as I see its share price under-performing. I then applied a series of filters to select the best stocks possible- 1. Select only stocks that pay a good dividend yield of over 0.01L+ per Linden of share price value. (i.e. a stock costing 2.00L with a 0.02L dividend would be a 0.01L dividend yield) 2. Filter out stocks without growing or consistent dividends over 3-6 month 3. Filter out any stocks that have dividend payments that do not correlate with financial accounts and news releases (i.e. companies paying 'token' dividends just to look good rather than because they are making money) examined over a 6 month period This left me with a hit list (ADS, RDX and VTM). ADS had a narrow spread so I bought up over 20,000, and was almost immediately rewarded by the huge success of their gold coin game and heady 0.06L dividend- the ADS share price has surged 21% in a few weeks and I believe we have a piece of what is becoming one of the hottest stock in SL stock history. RDX is hard to buy because it is of such low volume despite having one of the best long term dividend payment records of any stock ever- I have managed to build up over 6000 RDX shares but the trick is definitely to build up slow with this one. VTM VTM was hard to buy as it had a big spread and I gave up on it when I looked into its asset holdings and found that over 50% of its total assets are in just one company- SLG - which put me off. I have also bought up 10,000L BSC- more on them next month :.) We now have a more robust portfolio with a nice dividend kickback and I feel that the next few months should see us build up assets beyond the 300K IPO milestone. Income L$ Dividend Payments 769 Currency Trading 0 Other 16 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 785L TOTAL EXPENDIATURE= 0 Profit / Loss 785L (up 332L on previous month) ASSETS STOCK TRADING ASSETS ADS (21652 shares) 56295 BSC (10000 shares) 10000 EVO (29493 shares) 41290 RDX (6663 shares) 12860 SAS (5768 shares) 4038 cash 68252 Total 192735 % ROI 96% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 292735 % ROI 98% (Up 3% on previous month) POS shares value Profit / Loss (%) ADS 21652 56295 + 21% BSC 10000 10000 +0% EVO 29493 41290 +40% RDX 6663 12860 +14% SAS 5768 4038 -36% |
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| Aug 6th 2011, 03:02 Wenden Xeno |
SAS JULY FINANCIALS - SAS IN RUDE HEALTH- NAV UP 34% | |
| SAS FInancial Report - JULY 2011 *SAS in Rude Health- NAV up 34% *Dividend payments of 0.01L scheduled to begin next month *Future strategy SAS IN RUDE HEALTH- NAV UP 34% July saw a fantastic 196% surge in the value of our ADS holdings which added about 100000L to our bottom line. This game changing result leaves us in rude health with our NAV now 34% higher than our 300K benchmark which we are required to beat before paying out dividends. DIVIDEND PAYMENTS OF 0.01L SCHEDULED TO BEGIN NEXT MONTH I have decided to pay out a modest dividend of 0.01L (6500L) per month for the next 4 months beginning in a September payment. After the December payment the dividend payment will be reviewed. This payment level is designed to ensure that we can build up some significant NAV increases as we move to year end. FUTURE STRATEGY We have held ADS, EVO, RDX and SAS but ditched BSC- which I had bought merely for a post IPO boom that never came. SO what for the future? We have 170,000L in cash ready to invest- but I am waiting for a good stock to IPO at the SLCAPEX before adding to our portfolio here. I will bide my time, none of the last 4 IPOs met my criteria, and hope to add some robustness to our portfolio with 2-3 additions over the course of the rest of the year, which may include investments at the Rock Trading company. Income L$ Dividend Payments 1631 Currency Trading 0 Other 4 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 1635L TOTAL EXPENDIATURE= 0 Profit / Loss 1635L (up 850L on previous month) ASSETS STOCK TRADING ASSETS ADS (25267 shares) 160193 EVO (28273 shares) 42127 RDX (7663 shares) 14330 SAS (5768 shares) 5826 cash 69707 Total 292182 % ROI 146% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 392182 % ROI 131% (Up 34% on previous month) POS shares value Profit / Loss (%) ADS 25267 160193 + 196% EVO 28273 42127 +49% RDX 7663 14330 +10% SAS 5768 5826 -8% |
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| Sep 1st 2011, 12:06 Wenden Xeno |
Re: Financial Reports - for CEO Posting Only | |
| SAS FInancial Report - AUGUST 2011 *SAS Holds steady at 130% NAV *ADS gains crystalized and CAPX bought to create robust portfolio *Dividend payment plan SAS Holds steady at 130% NAV August saw a 14% decrease in NAV mainly due to EVO however remains 30% above benchmark (differences caused by buy/sell prices of each stock can effect NAV by +/-10% so I regard this as broadly flat on last months NAV versus baseline noise) ADS gains crystalized and CAPX bought to create robust portfolio August saw the price of ADS reach new heights and I decided to sell just over half our holdings to crystalize our 200% gains - I felt this was prudent as despite the impressive dividend profits and darling status of this stock I dont like SPO's or stock splits and felt it was a good time to sell half our holdings before these events, particularly considering all the hype and hyperbole surrounding this stock. If their is a post stock split hammering of this stock I may buy in a load more again but for now am happy to retain 10000 shares for the juicy dividends safe in the knowledge that we are still in profit on this trade whatever happens now that the gains have been crystalised. Unfortunately, it is ever more difficault to find a well priced stock on SLCAEX that ticks all the boxes of dividend yield, credible busines splan and attractive stockholder composition- and so in a quest for a robust long term portfolio I have bought up more SAS and CAPX simply as default options. If you look at the long term price chart for CAPX it has found a new support level above 7.5L so seems a nice safe harbour for long term dividend returns. SAS I know is a safe harbour for obvious reasons and now has a competitive dividend yield, and I plan to keep buying up cheap at buy prices only. Ideally my aim for the next few months is to hold 5 stocks with about 50,000L asset value each which overall should streamline our month on month NAV values (which currently jump about by about 10% either way depending on whether ADS or EVO was bought or sold last before I take in the data for financial reporting). Our current dividend income is now almost 3000L- and if that could be increased to about 5000L then we would be in a real good position in terms of paying dividends ourselves providing our total asset value remains above the 300K IPO benchmark. Dividend payment plan As announced last month we are paying dividends of 0.01L/ share for 4 months untill 1Dec after which dividend payment policy will be reviewed. Income L$ Dividend Payments 2834 Currency Trading 0 Other 20 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 2834L TOTAL EXPENDIATURE= 0 Profit / Loss 2834L (up 1199L on previous month) ASSETS STOCK TRADING ASSETS ADS (10000 shares) 62400 CAPX (3500 shares) 29225 EVO (22569 shares) 29565 RDX (3758 shares) 1295 SAS (11191 shares) 9177 cash 123274 Total 260104 % ROI 130% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 360104 % ROI 120% (Down 14% on previous month) POS shares value Profit / Loss (%) ADS 10000 62400 + 192% CAPX 3500 29225 +4% EVO 22569 42127 +49% RDX 3758 6464 +1% SAS 11191 9177 -25% |
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| Oct 10th 2011, 12:07 Wenden Xeno |
Re: Financial Reports - for CEO Posting Only | |
| SAS FInancial Report - SEP 2011 *NAV up 2% - dividend payments offset by equity growth *50,000L ringfenced for stock buyback *0.01L Divedend to be paid for September NAV UP 2% - DIVIDEND PAYMENTS OFFSET BY EQUITY GROWTH September saw our NAV up 2% (basically- flat) as despite our 3859L$ Loss (due to our paying of a 6500L dividend) this was offset by growth in the value of our equities. We now hold CAPX, EVO, ADS and SAS having sold off all remaining RDX. RDX is an all time great, however the volume is precariously low to hold large amounts, and after a lack of communication from the CEO and failure to pay a dividend on time, I decided to get out of this position. We have about 33279 CAPX shares bought below 8.00L. This POS has begun an upwards trend so I stopped buying, and I hope to see our investment grow to about the 50K worth I wanted to buy. CAPX has settled, and although I live in continual fear or additional SPO's and other supply of shares to the market, I think its a nice dividend earner to hold in the long term. Having sold half our ADS holdings to crystalise our gains before the (unfortunate) SPO and share split, im planning to hold our ADS for continued dividend revinue, and see whats happens to this super nova of a stock - I hope it doest turn into a red dwarf, but im sure its going to be an exciting stock to watch and up to now has to be the best success story of the new SLCAPEX. 50000L RINGFENCED FOR SAS STOCK BUYBACK In September the SAS share price came under servere pressure as some of the old large holders sold off hard- I bought up 40,000L at 1.00L and also a load more as I began a stock buyback programme and we now hold well over 50,000. I have up to a further 50,000L set aside to buy up SAS shares and will continue this buyback programme over the long term. It makes sense to buy back stock to protect share price as it makes good use of the large amounts of excess cash we have sat doing nothing. Stock buybacks when the shareprice is cheap have a number of advantages as well as just protecting share price- it means our dividend payments are less costly to SAS shareholders (as divs paid to treasury shares are fed back to SAS coffers) and also reduces the number of SAS shares supplied to the market. Do to the most basic economic concept called 'supply and demand' having more shares locked away in treasury increases the value of those shares in open market- which should in the long term benefit our share price. Note that my policy of share buyback is in contrast to the current fashion of many SLCAPEX stocks- who sell treasury shares (or CEO shares) to the open market (or even worse- SPO) 'to increase liquidity' which is policy that I personally believe to be detrimental to share price. I invite SLCAPEX users to googl 'supply and demand' and let respective CEO's know their thoughts whenever the next SPO or wholesale stock sell is announced. 0.01L DIVIDEND TO BE PAID FOR SEPTEMBER In line with out dividend payment plan we shall continue to pay a 0.01L dividend untill December- after which the payment policy will be evaluated depending on our NAV. Income L$ Dividend Payments 2641 Currency Trading 0 Other 57 Expendiature Dividend Payments (SAS) 6500 Other 0 TOTAL INCOME = 2641L TOTAL EXPENDIATURE= 6500L Profit / Loss -3859L (down 6693L on previous month) ASSETS STOCK TRADING ASSETS ADS (10000 shares) 60000 CAPX (3657 shares) 33279 EVO (14905 shares) 18482 SAS (53792 shares) 54868 cash 98550 Total 265179 % ROI 133% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 365179 % ROI 122% (Up 2% on previous month) POS shares value Profit / Loss (%) ADS 10000 60000 + 180% based on 3.3L buy price CAPX 3657 33279 +12% based on 8.00L buy price EVO 14905 18482 +24% SAS 53792 54868 -7% |
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| Oct 17th 2011, 14:40 Wenden Xeno |
SAS Q3 Report - Q3 a very strong quarter for SAS!
Edited by author Oct 17th 2011, 14:41 |
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| SAS FInancial Report -Q3 2011 *Q3 A VERY STRONG QUARTER FOR SAS *INCOME UP 414% IN Q3! *NAV UP 24% IN Q3! *Q3 A VERY STRONG QUARTER FOR SAS Q3 Was a very strong quarter for SAS, as we benefited from our Q2 strategy of ditching underperforming stocks and purchasing a carefully selected portfolio of companies with good dividend income and equity growth. *INCOME UP 414% IN Q3! Our Income increased more than fourfold from Q2, with our income (which is mainly from divided payments) increasing from 1735L to 7187L as we built positions in high dividend paying stocks (ADS, CAPX, SAS and EVO). *NAV UP 24% IN Q3! Growth in the worth of our stocks, mainly ADS and CAPX, saw out NAV rise by 24%. On this basis we have proceeded with a dividend payment plan of 0.01L for 4 months, which will only lose us 7% of NAV, an amount that should be more than made up for by continued asset growth and dividend income. RAW Q3 Finalcials Q3 income* expenditure** Profit NAV*** Total Dividends per share NAV %**** 7187 6500 687 365179 0.02 122 *Over 98% of income is from Dividends revieved- the rest is market maker fees income. ** Our only expenditure is paying dividends *** Net Asset Value- the value of all our cash and SL stocks *** Our Net Asset Value as a percentage of our 300,000L IPO COMPARISON OF Q3 WITH Q2 income expenditure Profit/Loss NAV T Total DIV NAV % Q2 1735 0 1735 292735 0 98 Q3 7187 6500 687 365179 0.02 122 UP 414% UP 24% Monthly Breakdown (covers whole year) month income expenditure Profit(Loss) NAV Div NAV % Feb 73 0 73 297565 0.99 Mar 110 0 110 269845 0.90 Apr 453 0 453 301435 1.00 May 497 0 497 285910 0.95 Jun 785 0 785 292735 0.98 Jul 1635 0 1635 392182 1.31 Aug 2854 0 2854 360104 0.01 1.20 Sep 2698 6500 (3802) 365179 0.01 1.22 SAS FInancial Report - SEP 2011 *NAV up 2% - dividend payments offset by equity growth *50,000L ringfenced for stock buyback *0.01L Divedend to be paid for September NAV UP 2% - DIVIDEND PAYMENTS OFFSET BY EQUITY GROWTH September saw our NAV up 2% (basically- flat) as despite our 3859L$ Loss (due to our paying of a 6500L dividend) this was offset by growth in the value of our equities. We now hold CAPX, EVO, ADS and SAS having sold off all remaining RDX. RDX is an all time great, however the volume is precariously low to hold large amounts, and after a lack of communication from the CEO and failure to pay a dividend on time, I decided to get out of this position. We have about 33279 CAPX shares bought below 8.00L. This POS has begun an upwards trend so I stopped buying, and I hope to see our investment grow to about the 50K worth I wanted to buy. CAPX has settled, and although I live in continual fear or additional SPO's and other supply of shares to the market, I think its a nice dividend earner to hold in the long term. Having sold half our ADS holdings to crystalise our gains before the (unfortunate) SPO and share split, im planning to hold our ADS for continued dividend revinue, and see whats happens to this super nova of a stock - I hope it doest turn into a red dwarf, but im sure its going to be an exciting stock to watch and up to now has to be the best success story of the new SLCAPEX. 50000L RINGFENCED FOR SAS STOCK BUYBACK In September the SAS share price came under servere pressure as some of the old large holders sold off hard- I bought up 40,000L at 1.00L and also a load more as I began a stock buyback programme and we now hold well over 50,000. I have up to a further 50,000L set aside to buy up SAS shares and will continue this buyback programme over the long term. It makes sense to buy back stock to protect share price as it makes good use of the large amounts of excess cash we have sat doing nothing. Stock buybacks when the shareprice is cheap have a number of advantages as well as just protecting share price- it means our dividend payments are less costly to SAS shareholders (as divs paid to treasury shares are fed back to SAS coffers) and also reduces the number of SAS shares supplied to the market. Do to the most basic economic concept called 'supply and demand' having more shares locked away in treasury increases the value of those shares in open market- which should in the long term benefit our share price. Note that my policy of share buyback is in contrast to the current fashion of many SLCAPEX stocks- who sell treasury shares (or CEO shares) to the open market (or even worse- SPO) 'to increase liquidity' which is policy that I personally believe to be detrimental to share price. I invite SLCAPEX users to googl 'supply and demand' and let respective CEO's know their thoughts whenever the next SPO or wholesale stock sell is announced. 0.01L DIVIDEND TO BE PAID FOR SEPTEMBER In line with out dividend payment plan we shall continue to pay a 0.01L dividend untill December- after which the payment policy will be evaluated depending on our NAV. Income L$ Dividend Payments 2641 Currency Trading 0 Other 57 Expendiature Dividend Payments (SAS) 6500 Other 0 TOTAL INCOME = 2641L TOTAL EXPENDIATURE= 6500L Profit / Loss -3859L (down 6693L on previous month) ASSETS STOCK TRADING ASSETS ADS (10000 shares) 60000 CAPX (3657 shares) 33279 EVO (14905 shares) 18482 SAS (53792 shares) 54868 cash 98550 Total 265179 % ROI 133% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 365179 % ROI 122% (Up 2% on previous month) POS shares value Profit / Loss (%) ADS 10000 60000 + 180% based on 3.3L buy price CAPX 3657 33279 +12% based on 8.00L buy price EVO 14905 18482 +24% SAS 53792 54868 -7% SAS FInancial Report - AUGUST 2011 *SAS Holds steady at 130% NAV *ADS gains crystalized and CAPX bought to create robust portfolio *Dividend payment plan SAS Holds steady at 130% NAV August saw a 14% decrease in NAV mainly due to EVO however remains 30% above benchmark (differences caused by buy/sell prices of each stock can effect NAV by +/-10% so I regard this as broadly flat on last months NAV versus baseline noise) ADS gains crystalized and CAPX bought to create robust portfolio August saw the price of ADS reach new heights and I decided to sell just over half our holdings to crystalize our 200% gains - I felt this was prudent as despite the impressive dividend profits and darling status of this stock I dont like SPO's or stock splits and felt it was a good time to sell half our holdings before these events, particularly considering all the hype and hyperbole surrounding this stock. If their is a post stock split hammering of this stock I may buy in a load more again but for now am happy to retain 10000 shares for the juicy dividends safe in the knowledge that we are still in profit on this trade whatever happens now that the gains have been crystalised. Unfortunately, it is ever more difficault to find a well priced stock on SLCAEX that ticks all the boxes of dividend yield, credible busines splan and attractive stockholder composition- and so in a quest for a robust long term portfolio I have bought up more SAS and CAPX simply as default options. If you look at the long term price chart for CAPX it has found a new support level above 7.5L so seems a nice safe harbour for long term dividend returns. SAS I know is a safe harbour for obvious reasons and now has a competitive dividend yield, and I plan to keep buying up cheap at buy prices only. Ideally my aim for the next few months is to hold 5 stocks with about 50,000L asset value each which overall should streamline our month on month NAV values (which currently jump about by about 10% either way depending on whether ADS or EVO was bought or sold last before I take in the data for financial reporting). Our current dividend income is now almost 3000L- and if that could be increased to about 5000L then we would be in a real good position in terms of paying dividends ourselves providing our total asset value remains above the 300K IPO benchmark. Dividend payment plan As announced last month we are paying dividends of 0.01L/ share for 4 months untill 1Dec after which dividend payment policy will be reviewed. Income L$ Dividend Payments 2834 Currency Trading 0 Other 20 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 2834L TOTAL EXPENDIATURE= 0 Profit / Loss 2834L (up 1199L on previous month) ASSETS STOCK TRADING ASSETS ADS (10000 shares) 62400 CAPX (3500 shares) 29225 EVO (22569 shares) 29565 RDX (3758 shares) 1295 SAS (11191 shares) 9177 cash 123274 Total 260104 % ROI 130% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 360104 % ROI 120% (Down 14% on previous month) POS shares value Profit / Loss (%) ADS 10000 62400 + 192% CAPX 3500 29225 +4% EVO 22569 42127 +49% RDX 3758 6464 +1% SAS 11191 9177 -25% CAPX buy = 0.8 SAS FInancial Report - JULY 2011 *SAS in Rude Health- NAV up 34% *Dividend payments of 0.01L scheduled to begin next month *Future strategy SAS IN RUDE HEALTH- NAV UP 34% July saw a fantastic 196% surge in the value of our ADS holdings which added about 100000L to our bottom line. This game changing result leaves us in rude health with our NAV now 34% higher than our 300K benchmark which we are required to beat before paying out dividends. DIVIDEND PAYMENTS OF 0.01L SCHEDULED TO BEGIN NEXT MONTH I have decided to pay out a modest dividend of 0.01L (6500L) per month for the next 4 months beginning in a September payment. After the December payment the dividend payment will be reviewed. This payment level is designed to ensure that we can build up some significant NAV increases as we move to year end. FUTURE STRATEGY We have held ADS, EVO, RDX and SAS but ditched BSC- which I had bought merely for a post IPO boom that never came. SO what for the future? We have 170,000L in cash ready to invest- but I am waiting for a good stock to IPO at the SLCAPEX before adding to our portfolio here. I will bide my time, none of the last 4 IPOs met my criteria, and hope to add some robustness to our portfolio with 2-3 additions over the course of the rest of the year, which may include investments at the Rock Trading company. Income L$ Dividend Payments 1631 Currency Trading 0 Other 4 Expendiature Dividend Payments (SAS) 0 Other 0 TOTAL INCOME = 1635L TOTAL EXPENDIATURE= 0 Profit / Loss 1635L (up 850L on previous month) ASSETS STOCK TRADING ASSETS ADS (25267 shares) 160193 EVO (28273 shares) 42127 RDX (7663 shares) 14330 SAS (5768 shares) 5826 cash 69707 Total 292182 % ROI 146% OTHER ASSETS Avatar account 100000 TOTAL ASSETS 392182 % ROI 131% (Up 34% on previous month) POS shares value Profit / Loss (%) ADS 25267 160193 + 196% EVO 28273 42127 +49% RDX 7663 14330 +10% SAS 5768 5826 -8% |
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