Friday 6 July 2012

Month 2 Profit Report

So another month has almost passed so I've put together the profit report for the last month by taking a snapshop last night of all the ISK invested through FCV. Results are a bit early (it's not actually the 8th, but I'm busy over the weekend) but they shouldn't disappoint:



Summary:
The profits for the 2nd month come in at around 35b and represents an increase in the value of FCV of 40.48% from the previous month, or ~52% since the project began.

Discussion: 
The profit for the month has been good and in line with expectations. The reactions towers have been getting decent profits, but the real success came from the manufacturing side. With the fluctuation is mineral prices recently, some great opportunities existed to push margins up more than usual. On DCUs alone, I made several billion through pushing the market sell orders about 15% higher than their normal high. Expectations for the next month are similar, providing market conditions hold up. However, sales can slow in the summer as people take holidays etc, so I'm expecting profits of more like 25b as opposed to 35b. 

Profit Distribution:
As can be seen from above, the amount of cash I'm sitting on is growing. However, I dont have the time or build slots to invest that ISK into further building. I would be interested to hear from investors on whether they would be interested in a one-off dividend later this summer, or to wait until the project ends in October to receive a much larger all-in-one repayment. 

Also please note that I haven't decided on what cut I am going to take from the eventual profits. Of the 80b original starting funding, I provided 13b while 67b came from external investors, so I could be considered an equal investor. However, I also sold shares on the basis that investments would return around 5% per month! In anycase, the project still has a way to go - but if anyone is interested in talking to me about the profit sharing - please get in touch. 

On a final note, if any current shareholders want out - I have a buyer who is interested in purchasing a few shares from someone. They would pay their July valuation: 1 share = 1.52b ISK. Get in touch if interested.

To clarify:
- 'Cash' section represents liquid ISK that is held in the corp wallet at the moment of the snapshot.
- 'Market Orders' represents the ISK value of all current buy/sell orders
- 'In Build' represents the build cost value of all items currently being manufactured
- 'Assets' represents the value of build materials (minerals, components) as well as the value of the tower reaction chain (i.e. the towers/silos etc) and their inputs


If you have any questions, feel free to comment on this blog or post in the FHC thread.

o/ cheebs

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