Market Discussions

Well, it's time for my second public accounts update. Still small numbers, and that's unlikely to change for some time...

NAV 07/10/2013: 14,736,733,771.08 ISK (Post)

October 7 - November 4 2013

As of 11:00 (UK) 04/11/2013


Liquid ISK: 2,548,624,491.25
Current Buy Orders: 582,062,973.95
Current Sell Orders: 340,984,820.75
Materials In Stock: 1,663,028,218.99
Stock (inc. in production): 3,750,347,344.46
Value of POS: 267,000,000.00
Value of BPO Holdings (NPC): 7,013,644,160.00
Investments (100% secure): 300,000,000.00

GROSS NAV: 16,465,692,009.41
GROSS Profit: 1,728,958,238.33
GROSS % Increase: 11.7%

Approved Dividend: 55% of GROSS Profit
Approved Dividend: 950,927,031.08
Dividend Per Share (10,000): 95,092.70

NET NAV: 15,514,764,978.33
NET Profit: 778,031,207.25
Net % Increase: 5.3%
Share Price: 1,551,476.50

Turnover increased from ~6.5b last period to ~11.1b, largely thanks to Freighters generating an additional 3.4b turnover. I was concerned at the beginning of the month that dedicating 5 of my production lines to Freighter production would impact on my other areas of interes, but it appears that is hasn't when looking at the numbers in detail. Bonus. The previous top sellers have all slightly outperformed the last period, while one or two new ones have emerged. Freighter sales contributed to 30% of gross profit.

Around 105m was spent on POS fuel after I decided not to offline the tower. I also spent ~200m on skill books for Helion Exus. He can now pretty much pilot a jump freighter (just needs the JF book), and can invent all but a few T2 BPC's. I also wrote off 100m in value from the Freighter BPO as I had it listed at Contract value, not NPC. This will be written down by 100m every 60 days until it reaches NPC price.

Cashflow has improved, and this partly influenced my decision to limit the dividend to 55% this month. Liquid ISK will reduce to 1.5b post-dividend which should be sufficient to purchase materials going forward.

Plan going forward? Freighter production is hard-limited by the 9-day manufacture cycle of the Capital Cargo Bays. My short-term plan is to purchase a second Capital Cargo Bay BPO, reserach it, and get it in to production. If I can find a pre-researched one at a decent price i'll go for that and save the two months research time. After that, the only limiting factor will be the Freighter production time (10 days), so a second Freighter BPO is likely in the pipeline as well.

Any questions?

For some reason I suspect this as one of those my monthly NAV thing and then after x months I decide I need to take an uncollaterised loan thing.

These are fascinating. I wish I had the kind of ISK to play in these circles, but still fascinating.