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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lewis Charles (See LSE:SPFL) | LSE:LCSS | London | Ordinary Share | GB00B0BV8078 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LEWIS CHARLES SOFIA PROPERTY FUND LTD (the "Company") The published net asset value (the "NAV") of the Company as at close of business 30 June 2008 was as follows: Ordinary shares of no par value GBP 1.22 per share (GBP) The NAV will be calculated calendar half yearly in Euros and then converted to Sterling at the prevailing exchange rate at the valuation point. International Accounting Standards (IAS) dictate the basis on which investment properties are valued within financial statements. The nature of the central Sofia and suburbs property development in conjunction with BuySell is such that the disclosure of value for this development is governed by the rules laid out in IAS 2 "Inventories". Under IAS 2, our investments made in partnership with BuySell are treated as inventory and therefore recorded at the lower of cost and market value. This is contrary to our policy for the calculation of the valuation NAV where we record the fair value of the property based on the valuations prepared by Forton International JSCo and Dominus Bulgarian Property Advisers, independent valuers not connected with the Group. A full reconciliation between the accounting NAV and our published valuation NAV is provided below. EUR EUR GBP (NAV) (NAV/SHARE) Net Asset Value per financial statements 65,317,826 1.35 1.07 Add back: Adjustment to value of properties 6,957,181 0.14 0.11 Adjustment to performance fee 1,131,869 0.02 0.02 Preliminary expenses 1,057,241 0.02 0.02 Published Net Asset Value 74,464,117 1.54 1.22 The Company's principal documents require the dealing valuation of the Company's net assets (NAV) to include preliminary expenses incurred in the establishment of the Company, such expenses to be amortised over the expected life of the Company. However, this accounting treatment is not permitted for financial reporting purposes and was adjusted accordingly within the financial statements. For further information contact: Bachmann Fund Administration Limited, Company Secretary, Tel + 44 (0)1481 723573
1 Year Lewis Charles Sofia Prop Fund Chart |
1 Month Lewis Charles Sofia Prop Fund Chart |
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