Sunday, February 04, 2007

JAN 07 Financial report

Greeting dear investors,

As you see our corp still increae our profit and by the fact our dividend every month, Latley I didnt publish report and i regret that, Probably because I was under wrong impression no one read it. Last month SHMEC gave 240,000,000 isk in dividend and Im aiming for 300,000,000 isk for next month. that is 15K per share still not alot but we need to keep our nav growthing until we reach the ipo price of 650K per shares. Currently our NAV per shares is 379K per shares.

Also we still have 1500 shares to sell if anyone is interested.



Tolmar
SHMEC VCEO

1 Comments:

Anonymous Anonymous said...

As you will read elsewhere in this blog, the dividends are being kept low to increase the NAV to the magic 650,000 ISK level.
Once this is achieved, the ratio will change meaning more profit will be paid as dividend than kept for corporate growth.

8:04 PM  

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