Saturday, October 21, 2006

15th October results

EMFI has acquired a net loss for the period of 15th September - 15th October and will not pay dividends.

Next dividends will be 15th of November.

6 Comments:

Anonymous Marodi said...

Is there a november target?

October 25, 2006 1:48 pm  
Anonymous Anonymous said...

Could you explain WHY there was a net loss please? Thank you.

October 26, 2006 5:51 pm  
Anonymous Marodi said...

I believe i can answer that. The NAV went down, which is the value of the portfolio. The share prices went down and thus the NAV went down. So the dividend was retained to keep the NAV up.

I think that's what happened.

October 27, 2006 5:11 am  
Anonymous Anonymous said...

Assumption is the mother of all f@#ckups. Can someone of the company please explain in plain English what happened and why?
They have an obligation to the shareholders to clarify what's going on.

Thanks,
Shareholders anonymous.

November 01, 2006 2:59 pm  
Blogger EMFi Manager said...

mr Anonymous, send me an evemail in game :P

No seriously.. as you have seen all shares on EGSE have gone down in value. EMFI holds them in the portfolio... share decrease > dividends+trading profit = no profits.. what happened is no profits, so no dividends?

November 01, 2006 11:31 pm  
Anonymous Marodi said...

umm.... updates?

December 13, 2006 9:58 pm  

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