Saturday, July 15, 2006

[EMFI] Second Month Financial Report

EvE Financials 15th of June -> 15th of July

The second month started of slowly for the EMFi, we didn't have a lot of working capital because SVE wasn't reimbursed yet, we also didn't feel comfortable doing an SMO with that insecurity for our investors.

After careful consideration and a lot of waiting for the GMs we issued a very succesful SMO which sold out in about 4 days and netted us a lot of profits as well as capital. We started investing agresively in some bluechips. The Bluechip section of our account is almost filled as well now.

Finally the SVE reimbursement came in and we decided to use the profits from the SMO and SVE to normalize our portfolio and write of all likely future losses. A few corps have dissapeared of the face of the earth and others have promissed to liquidate. All these corps are now valued at 0 isk in our portfolio... we may get some isk for the shares, we may even get dividends from liquidation and when that happens it just means greater profit in the next month.

Same goes for EIBI, I can't say anything about this becuase I am doing an audit in this corp; but Cally has made it known that she will consider ceasing operations and doing a buyback at 15mil, I reevaluated EIBI in my portfolio @ 15m to cover this future potential loss.

Now about EMFI

This is my financial statement for this month it has been approved by our Trustee Femintaki.
Our target for this month was 255 isk dividends, we actually paid out 684 isk dividends, so all-in-all it could be considered a good month. We also took maximum losses on our riskiest investments which won't bite us in the following months.

First of all our Profit and Loss statement (in millions)



And our Balance Sheet (in millions)

Dividends issued: 684.2 isk / share
Return on Investment: 7.65%
Retained Capital: 805 mio

Previous report
Related Portfolio

1 Comments:

Anonymous Cervalan said...

Same goes for EIBI, I can't say anything about this becuase I am doing an audit in this corp; but Cally has made it known that she will consider ceasing operations and doing a buyback at 15mil, I reevaluated EIBI in my portfolio @ 15m to cover this future potential loss.

1st I heard of this, any announcements on Eve-online?

July 15, 2006 1:22 pm  

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