** Special Edition ** - Weekend Roundup

Well, I was hoping I would be able to charge in this morning dressed as a matador and tell you all to get your cheque books out, but our predictions (that we kept to ourselves purely to stem any unjust panic) that investors would again take their respective bats and balls and bail was in fact, itself, unwarranted. It's business as usual at WSE, albeit with a few new fancy tools (I will let Logansan Oh explain those later as he is chompin-at-the-bit to let you all know!).
Just goes to show this market is maturing.

Now, down to business. There was a flood of financial reports and announcements this morning as the site returned and suffice to say I looked at the list and didn't know which one to pick first; the almost disregarded GPB, much requested HCL and strong players DDE, LEM, KJL and SRI. So how did they fair? Let's take a closer look.

First cab off the rank, Ginko Perpetual Bonds (GPB), I have to admit, I am a little surprised that this one stuck to it's requirements (to the day) by releasing a monthly financial report, but any information pertaining to the failing bond is extremely welcomed.
The excitement almost immediately returned to slight disappointment as the revenue
clearly states a big fat 0...
Let's hope Andre Sanchez / Nicholas Portocarrero can find some revenue streams he can reveal to the shareholders soon, otherwise the chances of the dividend yield being the promised $L0.03 per share are slim to buckleys!

Now, at this point some of you will be thinking, hang on a minute defra..err (oops, that's not my catchphrase) can you believe that the most anticipated financial statement, the topic of much contention in the market, Hope Capital Limited (HCL) took the number 2 spot in our headlines today?!
Well, I'm getting in the De Lorean and changing that because this report has been worth the wait.

On face value; 9 months on, internal theft, banks crashing, stock exchanges failing, failed mergers, SL decline, a barrage of de-listings...and yet, over $L18M in revenue (pause for brief clap) Well Done!
Looks like Hope Capital is onto a winning formula and a very impressive revenue model.
Further, solid earnings weren't expected due to the problems faced and the work that went into upgrades etc. Overall, an impressive looking balance sheet. Now, it's time to get that share price reflective!!

Some bad news from Sienkiewicz Investment Management (SIM) with the report on direction. Seems the introduction of VAT is going to push Pablo Sienkiewicz out of SL. It's never going to bode well for the share price when you announce that you are halting dividends...

L&L Sales and Rentals (LLL), definitely one we are keeping an eye on, has began posting with some similar information to us. You can check it out here.

I'd like to finish on another positive note here, Kejo Merlin Land Group (KJL), another company that is showing us why virtual economies are working, has informed the market that VAT will not impact them and in fact is a positive more for the company.

I'll be back later on with todays trading round-up and recommendations, so check back a little later.

SW