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(#80 - 2012.10) BMBE Shareholder Report - BMBE the Premier Bank of EVE
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TornSoul
BIG
#1 - 2012-11-18 11:53:27 UTC
[img]http://BMBE.BIG-EVE.com/images/BMBE-Banner.png[/img]
[orange]BMBE.BIG-EVE.com[/orange]



  • Points of interest
  • The numbers


This is the 80th BMBE shareholder report
(Shareholder reports are released the first full weekend after the 7th in a month)


Points of interest
Collateral from defaulted loan has been sold.

This months NAV is a tiny bit lower than last month.
This is due to a small bookeeping error from last month (due to late div payments) that meant last months NAV was calculated too high.
Ie. last months NAV was erroneously a tiny bit higher than it should have been.

--

BSAC is closing

BMBE has a lot of BSAMR/BSAMT shares that, on purpose, have always been listed in the books at a very low value.
Once the buybacks from BSAC has been completed (BSAC estimates early/mid december), BMBE stands to "earn" roughly 10B ISK.
Ie. NAV will go up with about 4%.

So now would be a very good time to try and get hold of some BMBE shares :-) (at current value)
TornSoul
BIG
#2 - 2012-11-18 11:53:35 UTC
The numbers

October Dividends
Total : 400,000,000.00 ISK
Per share : 229,753.02 ISK


October re-investement
Total : 200,000,000.00 ISK
Per share : 114,876.51 ISK


October NAV
Total : 226,005,572,060.25 ISK
Per Share : 129,813,654.26 (1741 BMBE shares public)


October ROI
ROI : 0.27%

End of month liquid ISK
Total : 129,645,108,698.80 ISK


Start of month loan amount
2,000,000,000 ISK


End of month loan amount
0 ISK


Average daily amount on loan
645,161,290.32 ISK


Share portfolie
Total value : 41,774,215,000 ISK

BSAMR 444,907 @85,000 ISK
BSAMT 32,976 @120,000 ISK
TornSoul
BIG
#3 - 2012-11-18 11:53:43 UTC
Dividend History Per Share

[b]2006.02[/b]           0.00 ISK
[b]2006.03[/b]           0.00 ISK
[b]2006.04[/b]     567,705.06 ISK
[b]2006.05[/b]   2,120,000.00 ISK
[b]2006.06[/b]   1,660,000.00 ISK
[b]2006.07[/b]   1,036,000.00 ISK
[b]2006.08[/b]     651,000.00 ISK
[b]2006.09[/b]           0.00 ISK
[b]2006.10[/b]      10,000.00 ISK
[b]2006.11[/b]      55,000.00 ISK
[b]2006.12[/b]   1,240,640.00 ISK
[b]2007.01[/b]   1,769,120.00 ISK
[b]2007.02[/b]   1,456,554.30 ISK
[b]2007.03[/b]   1,559,647.00 ISK
[b]2007.04[/b]   1,389,126.10 ISK
[b]2007.05[/b]   1,320,677.50 ISK
[b]2007.06[/b]   1,708,296.60 ISK
[b]2007.07[/b]   1,560,093.04 ISK
[b]2007.08[/b]   1,389,577.68 ISK
[b]2007.09[/b]   1,925,233.60 ISK
[b]2007.10[/b]   1,875,814.72 ISK
[b]2007.11[/b]   1,608,953.36 ISK
[b]2007.12[/b]   1,226,948.72 ISK
[b]2008.01[/b]   1,494,801.41 ISK
[b]2008.02[/b]   1,655,349.56 ISK
[b]2008.03[/b]     890,043.14 ISK
[b]2008.04[/b]           0.00 ISK
[b]2008.05[/b]           0.00 ISK
[b]2008.06[/b]           0.00 ISK
[b]2008.07[/b]           0.00 ISK
[b]2008.08[/b]     207,287.81 ISK
[b]2008.09[/b]     137,312.78 ISK
[b]2008.10[/b]     535,504.58 ISK
[b]2008.11[/b]     841,536.19 ISK
[b]2008.12[/b]   1,301,060.90 ISK
[b]2009.01[/b]     954,077.43 ISK
[b]2009.02[/b]     913,592.90 ISK
[b]2009.03[/b]     955,739.51 ISK
[b]2009.04[/b]     357,353.52 ISK
[b]2009.05[/b]     281,178.88 ISK
[b]2009.06[/b]     567,702.44 ISK
[b]2009.07[/b]     990,563.86 ISK
[b]2009.08[/b]   1,108,303.40 ISK
[b]2009.09[/b]     981,928.45 ISK
[b]2009.10[/b]     790,670.55 ISK
[b]2009.11[/b]     725,364.53 ISK
[b]2009.12[/b]   1,493,512.80 ISK
[b]2010.01[/b]   1,787,144,30 ISK
[b]2010.02[/b]   1,549,569.40 ISK
[b]2010.03[/b]     666,899.54 ISK
[b]2010.04[/b]           0.00 ISK
[b]2010.05[/b]           0.00 ISK
[b]2010.06[/b]   1,297,032.05 ISK
[b]2010.07[/b]   1,794,229.11 ISK
[b]2010.08[/b]   2,784,415.19 ISK
[b]2010.09[/b]   1,418,356.44 ISK
[b]2010.10[/b]   2,610,170.70 ISK
[b]2010.11[/b]   1,349,079.55 ISK
[b]2010.12[/b]   1,650,308.50 ISK
[b]2011.01[/b]   1,168,034.69 ISK
[b]2011.02[/b]   1,823,582.51 ISK
[b]2011.03[/b]     609,501.93 ISK
[b]2011.04[/b]     729,465.82 ISK
[b]2011.05[/b]     211,372.77 ISK
[b]2011.06[/b]     643,308.44 ISK
[b]2011.07[/b]     606,547.96 ISK
[b]2011.08[/b]     742,102.24 ISK
[b]2011.09[/b]     768,523.84 ISK
[b]2011.10[/b]   1,345,203.91 ISK
[b]2011.11[/b]   1,010,913.27 ISK
[b]2011.12[/b]   1,356,691.56 ISK
[b]2012.01[/b]     964,962.67 ISK
[b]2012.02[/b]     983,342.91 ISK
[b]2012.03[/b]   1,640,436.53 ISK
[b]2012.04[/b]   1,033,888.57 ISK
[b]2012.05[/b]     448,018.38 ISK
[b]2012.06[/b]     229,753.02 ISK
[b]2012.07[/b]     229,753.02 ISK
[b]2012.08[/b]     229,753.02 ISK
[b]2012.09[/b]     229,753.02 ISK
[b]2012.10[/b]     229,753.02 ISK

[b]Total[/b]    77,455,140.20 ISK
TornSoul
BIG
#4 - 2012-11-18 11:53:54 UTC
NAV per Share History

2006.02   50,000,000.00           TornSoul reporting
2006.03   50,000,000.00    0,00%
2006.04   50,000,000.00    0,00%
2006.05   50,720,000.00    1,44%
2006.06   50,876,000.00    0,31%
2006.07   51,394,000.00    1,02%
2006.08   51,719,500.00    0,63%
2006.09   51,719,500.00    0,00%
2006.10   51,719,500.00    0,00%
2006.11   51,774,500.00    0,11%
2006.12   52,809,060.00    2,00%
2007.01   53,693,620.00    1,68%
2007.02   54,421,897.10    1,36%
2007.03   55,201,721.00    1,43%
2007.04   55,896,284.10    1,26%
2007.05   56,556,622.90    1,18%
2007.06   43,417,267.90  -23,23%  Ray McCormack reporting
2007.07   45,524,495.36    4,85%
2007.08   47,245,553.01    3,78%
2007.09   58,350,178.96   23,50%
2007.10   59,385,678.14    1,77%
2007.11   60,333,036.82    1,60%
2007.12   61,310,035.66    1,62%
2008.01   63,542,586.97    3,64%
2008.02   65,296,177.94    2,76%
2008.03   75,531,514.23   15,68%
2008.04   75,531,514.23    0,00%
2008.05   76,384,523.78    1,13%  Sharlath reporting
2008.06   76,384,523.78    0,00%
2008.07   73,471,226.06   -3,81%  TornSoul reporting
2008.08   79,177,695.53    7,77%
2008.09   81,839,020.62    3,36%
2008.10   82,106,766.56    0,33%
2008.11   83,351,656.92    1,52%
2008.12   89,486,984.77    7,36%
2009.01   89,750,969.78    0,29%
2009.02   89,681,933.79   -0,08%
2009.03   91,222,040.35    1.72%
2009.04   91,317,638.40    0.10%
2009-05   91,815,581.36    0.55%
2009-06   92,099,432.58    0.31%
2009-07   92,805,063.43    0.77%
2009-08   93,359,215.13    0.60%
2009-09   93,850,179.36    0.53%
2009-10   94,350,636.21    0.53%
2009-11   94,713,318.47    0.38%
2009-12   97,358,874.65    2.79%
2010-01   98,876,906.13    1,56%
2010-02  100,075,088.00    1,21%
2010-03   99,778,573.35   -0,30%
2010-04   95,271,029.45   -4.52%
2010-05   94,891,830.63   -0.40%
2010-06  109,728,089.58   15.63%
2010-07  108,913,955.17   -0.74%
2010-08  109,752,038.82    0.77%
2010-09  111,175,355.39    1.30%
2010-10  115,598,200.23    3.98%
2010-11  116,432,246.25    0.72%
2010-12  117,967,070.33    1.32%
2011-01  118,599,324.67    0.54%
2011-02  120,311,137.26    1.44%
2011-03  119,864,821.90   -0.37%
2011-04  119,170,626.21   -0.58%
2011-05  121,129,235.45    1.64%
2011-06  120,589,316.07   -0.45%
2011-07  121,645,110.75    0.88%
2011-08  122,016,161.87    0.31%
2011-09  122,417,914.31    0.33%
2011-10  123,394,587.06    0.80%
2011-11  123,900,043.69    0.41%
2011-12  126,357,578.73    0.38%
2012-01  126,357,578.73    0.38%
2012-02  127.331.725,77    0.39%
2012-03  128.151.938,29    0.64%
2012-04  128,312,686.42    0.13%
2012-05  129,232,037.37    0.72%
2012-06  129,343,237.83    0.09%
2012-07  129,469,024.73    0.10%
2012-08  129,583,901.24    0.09%
2012-09  129,928,530.76    0.27%
2012-10  129,813,654.26   -0.09%




Notes
2007.06 23.23% Decrease : 30B ISK removed from books as result of default - Collateral not yet sold however.
2007.09 23.50% Increase : Collateral from default sold - Capital put back in the books.
2008.03 15.68% Increase : Massive stock sell-off, at values larger than the book value of the shares.
2008.07 -3.81% Decrease : 9B ISK where unaccounted for - And thus wasnt put in the books.
2008.08 7.77% Increase : 9B ISK recovered and put back into the books.
2008.12 7.36% Increase : Massive stock sell-off (FIN buy-back), at value larger than the book value of the shares.
2009.02 -0.08% Decrease : Negative liquid ISK value influencing NAV value downwards. Bookkeeping artifact.
2010.03 -0.30% Decrease : Lots of late/missing payments, reducing the liquid ISK available, thus reducing NAV
2010.04 -4.52% Decrease : Lots of late/missing payments, reducing the liquid ISK available, thus reducing NAV
2010.05 -0,40% Decrease : Lots of late/missing payments, reducing the liquid ISK available, thus reducing NAV
2010.06 15.63% Increase : Bookkeeping error - But see next entry
2010.07 -0.74% Decrease : If not for last months book keeping error, this would have been the month of a huge increase, due to profit on collateral sellof.
2011.04 -0.58% Decrease : Collateral loss.
2011.05 1.64% Increase : Slightly inflated number due to bookeeping error (See also next note)
2011.06 -0.45% Decrease : Only a decrease because of last months inflated number - Else would have been an increase.
2012.03 0.64% Increase : Artificial high increase, due to forgotten div payout (inflating NAV)
2012.04 0.13% Increase : See previous month - The artificial high number from last month, after correction, means this one is low.
2012.03 0.27% Increase : Artificial high increase, due to bookkeeping error related to late div payout (inflating NAV)
2012.04 -0.09% Increase : See previous month - The artificial high number from last month, after correction, means this one is low.
Vaerah Vahrokha
Vahrokh Consulting
#5 - 2012-11-18 12:10:22 UTC
TornSoul wrote:

So now would be a very good time to try and get hold of some BMBE shares :-) (at current value)


I have indeed noticed a bit of front-running. Pirate

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Grendell
Technologies Unlimited
#6 - 2012-11-18 15:21:18 UTC
As per usual, I'm still looking to buy shares.Blink

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Block Ukx
420 Enterprises.
#7 - 2012-11-18 16:36:57 UTC
TornSoul wrote:

So now would be a very good time to try and get hold of some BMBE shares :-) (at current value)



So where should investors go to get those undervalued shares? The are very few in the Exchange, and they are definetly not undervalued.




Also, there is an active bond you might want to take a look at.
Nerdy McButtHurt Trald
Doomheim
#8 - 2012-11-20 01:24:47 UTC
Do you want to comment on the fact that for 6 months there have barely been any loans.

Is there a point when you would consider winding the bank up due to lack of loan activity?
Don't see the point on holding 100B+ a month in cash.
TornSoul
BIG
#9 - 2012-11-20 17:08:42 UTC
Nerdy McButtHurt Trald wrote:
Do you want to comment on the fact that for 6 months there have barely been any loans.

I've done so in pretty much every shareholder report (although very brief) and in the newsletter announcing the reduced interest prices.

Nerdy McButtHurt Trald wrote:

Is there a point when you would consider winding the bank up due to lack of loan activity?

Not a point that I could put a figure/time on right now.

Nerdy McButtHurt Trald wrote:

Don't see the point on holding 100B+ a month in cash.

Well - If we don't have that 100B+ - How can we then make that 100B loan when it's (finally) needed... (or 50B which is more comon)

Banking is a funny business - Your optimal income is when all ISK is lent out.
But that at the same time "puts you out of business" as you then can not (directly) make new loans...
Grendell
Technologies Unlimited
#10 - 2012-11-20 18:35:12 UTC  |  Edited by: Grendell
I've capped my loan service now and will be directing new clients towards BMBE, once my cap is reached. So I suspect you might get some more traffic coming here.

EDIT: I've added a little note in my thread, with a link to BMBE. Basically giving people another option, if I'm at capacity or if they are not happy with my terms.

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