Dear shareholders and investors,
IHI cotation seems out of problems for now, great stability, and fantastic volume.
2,756,016 shares in one week gets our company as one of the most liquid of the market.
I just want to tell you, that without you, our shareholders, this couldn’t happen. Good answer to the trouble times we had a few days ago.
I had I big reaction, and a public one… but I think it work out for the best of IHI.
IHI assets are not as they were in the end of 2008. Our fund of re-investment was used for killing our BNT investment losses and to some of the dividends we have paid. Our social fund was uses to get more investors of Portugal to become IHI shareholders, and it work in a good way.
A part of our assets are in Euros (€) and L$ are more connected with USD cotation, so in this day this assets are 25% lower, because of EURO vs USD. But don’t get too worried Europe Central Bank is taking some actions to Euro, to stop is downsizing face dollar.
One of the options I am looking at the moment is do get other forms of capitalization of this assets in Euro. I am still studding some ideas, get some % in real goods trading, get some back to USD, get some out of RL investment and invest in SL, our others.
The other is simple to way for Euro better days in relation to USD.
I am negotiating with some Portuguese investors some new business activities in SL is 50% of profit to IHI. Let’s see if I can deliver more good news in the future.
Our dividend policy is to continue, I prefer giving out little but every month, I now is difficult to be a company with dividends every month of the year but I would like to try it!
Thank you all one more time!
Best Regards
Santinhos Noel
IHI CEO