Newly released content from LOM.com including research, company news and corporate updates. http://www.lom.com http://blogs.law.harvard.edu/tech/rss en-gb Tue, 1 Jul 2008 09:05:00 -0300 Tue, 1 Jul 2008 08:59:44 -0300 webadmin@lom.com FeedForAll v2.0 (2.0.2.9) http://www.feedforall.com LOM Securities (Bermuda) Limited has released a new research report on Butterfield Bank Group - (NTB). This report contains updated financial figures, earnings projections, and analysis. http://www.lom.com/lom-has-published-updated-research-on-butterfield-bank-group---ntb Press Releases and News E8C571DA-3326-40F6-9DA0-3E23D8326F1A Tue, 1 Jul 2008 08:59:44 -0300 LOM Securities (Bermuda) Limited has released a new research report on Bermuda Commercial Bank (BCB). This report contains updated financial figures, earnings projections, and analysis of BCB’s 2007 Annual Report and first-half 2008 earnings releases, as well as insight into the Bank’s failed sale agreement and the ongoing negotiations. http://www.lom.com/new-research-report-on-bermuda-commercial-bank-bcb Press Releases and News 92E32DEC-4E5E-4D3F-8C00-A89FF8885327 Fri, 27 Jun 2008 15:00:18 -0300 Yesterday, in response to the Federal Reserve’s decision to nothing with rates, Wall Street tumbled by 360 points and the USD lost further ground against foreign currencies world wide. The reaction to an abominable posturing by policy setters was somewhat predictable. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=38&cntnt01returnid=209 Market Insights 5ABDE1CA-2DF0-411C-A556-C43B408FDB7A Fri, 27 Jun 2008 09:46:22 -0300 In our commentary yesterday we argued that the proper course of action by the Fed was to begin the rate rise scenario in the face of fairly substantial pricing pressures. We also stated that while this was the most prudent course, that it was unlikely that Bernanke and the FOMC would have the courage to do so. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=37&cntnt01returnid=209 Market Insights 9AEACA73-EC6B-41E4-B315-B88821A9919F Thu, 26 Jun 2008 09:25:07 -0300 When playing with ballistic missiles in thermo-nuclear war, First Strike Initiative refers to the ability of one side to make a pre-emptive launch against the enemy for reasons of self preservation. Today after a two day meeting the Fed will announce its decision on interest rates and hence it’s near term focus on the relative importance of growth versus inflation. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=36&cntnt01returnid=209 Market Insights 17EF6F88-BAF1-42F5-A9AF-5EDAE88A2A5F Wed, 25 Jun 2008 09:10:16 -0300 Saudi Arabia’s announcement that it will increase production by 200,000 BBL’s for July was met with skepticism by traders as investors viewed the communiqué as little more than lip service to the west. Focus immediately turned to the unstable situation in Nigeria where Shell had said it would suspend shipments due to unrest in that country. Crude rose by more than $1.50 per barrel before settling a bit lower. The Saudi’s continue to blame the recent surge in prices on 'speculation' while Westerners view the problem as a more fundamental supply issue. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=35&cntnt01returnid=209 Market Insights 6C9D6B36-ABE9-4E8D-9BB8-47328387684C Mon, 23 Jun 2008 09:16:33 -0300 Asian stocks were modestly higher overnight, save Australia which posted smart gains on mining issues. In Japan, the Nikkei was flat at 14,348, while Hong Kong tacked on 28 points. In Europe shares are showing robust gains with most continental indices up by 1% or more. The German ZEW survey, a measure of investor confidence, declined by more than expected to -52.4, the lowest level in some 15 years. This led market participants to question the notion of rate rises in Euro Zone and whether a series of tightenings can be sustained. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=34&cntnt01returnid=209 Market Insights F95C969E-7EAE-4C94-ADAE-B1C283B1F77D Wed, 18 Jun 2008 08:54:30 -0300 LOM (Holdings) Limited (LOM) announced that the Superior Court of Massachusetts has ruled in favor of LOM’s chairman, Donald P. Lines, in his suit against Stokes & Levin, Inc. (Stokes), a Massachusetts process serving company, awarding Mr. Lines damages in excess of US$3 million. The Court found that Mr. Lines was never served administrative subpoenas issued by the U.S. Securities and Exchange Commission (“SEC”) in November 2005, contrary to repeated claims by Stokes and the SEC in court documents and in the media. http://www.lom.com/donald-lines-awarded-us-3-3-million-court-finds-sec-process-server-committed-fraud Press Releases and News 0DEED274-B20F-41E1-B044-6271BED85A4C Wed, 11 Jun 2008 10:06:17 -0300 Asian stocks were mixed overnight with Japan posting its first gain in a week, while Hong Kong shares were lower on expectations that China will take further tightening measures to ward off price increases. The Nikkei advance almost 1.2% while Hong Kong gave up about 1/4 %. In Europe this morning, the bourses are showing marginal gains as markets await news from the US on inflation data due out later in the week. In the US, Wall Street remains at a critical juncture, trading near the bottom of recently established ranges. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=33&cntnt01returnid=209 Market Insights AE99F9D6-A2BF-4A84-B1DA-82559487393B Wed, 11 Jun 2008 09:46:06 -0300 Far Eastern share issues were mostly higher overnight as commodities companies advance on the back of higher crude oil prices. Both Japan and Australia were higher by more than 1% while in Hong Kong stocks tacked on 0.6%. In Europe, markets are fairly quiet as traders await this morning’s release of the US employment situation report at 08:30 EST. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=32&cntnt01returnid=209 Market Insights 1EA510B4-A945-4322-856A-21364693DFBF Fri, 6 Jun 2008 09:17:34 -0300 Asian stocks broke step with Wall Street last night to finish mostly higher in spite of the mark downs in New York. In Japan, the Nikkei 225 advanced by 1.6% led by automotive and electronic issues after regional automakers outsold US manufacturers for the first time. On the continent this morning quite a different picture is emerging with all major indices incurring steep loses. Concern is heightening that banks and financial firms may need to raise more capital to stave off the continuing credit turmoil. This would have the effect of diluting shares bases across the region. Similar worries in the US were precipitated by rumors the Lehman Brothers had been accessing the Fed Discount Window recently. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=31&cntnt01returnid=209 Market Insights 17606CDB-54B4-4123-8473-5E6CCA17D41E Wed, 4 Jun 2008 12:52:30 -0300 Asian share markets were mostly lower overnight snapping 4 days of gains as a re-emergence of credit concerns filtered into the financial and automotive sectors. The Nikkei 225 fell by 231 to 14,209 and Hong Kong’s Hang Seng gave up 1.8% to 24,376. Elsewhere Australia’s ASX 200 was lower by 88 on the back of a sharp sell off in Macquarie Group. In Europe today shares are mixed with no appreciable movement to speak of. Yesterday’s slide on Wall Street by more than 1% was attributed to the S+P downgrades of 3 major US investment houses, re-igniting the worries on credit issues. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=30&cntnt01returnid=209 Market Insights 01AB5534-BE58-4E28-86AE-960797D84423 Tue, 3 Jun 2008 09:14:49 -0300 Inflation is on the rise and expectations that it will move higher are also taking hold in a number of countries. Central banks are now operating in a very challenging environment; such that attempts to boost growth increase the probability of higher inflation. Investors are closely watching policymakers’ reaction to inflation risks. Shifting views on global growth and inflation will be reflected in volatility on financial markets. http://www.lom.com/june-2008 Market Research 9E50812A-8666-4AD9-BB10-6F53BFD99A2B Mon, 2 Jun 2008 10:31:25 -0300 Far Eastern stocks rose overnight as traders pursued the momentum established in the previous 3 sessions and took encouragement that the region may well be able to pass on pricing pressures to customers. In Japan, the Nikkei 225 rose by 0.7%, while in Hong Kong the market was up by 1.22% to 24,831. Europe paints a different picture this morning with the continental bourses off by between 1 and 1 ½ %. Credit concerns have re-emerged here today after Bradford and Bingley, the UK’s largest lender to landlords announced its plans to raise additional capital to protect against losses. US financial issues and Boeing are leading the US equity futures markets lower as we write. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=29&cntnt01returnid=209 Market Insights 42277508-FE47-4294-B013-83CF7C52E199 Mon, 2 Jun 2008 08:56:13 -0300 Asian stocks rose smartly overnight on optimism that sales in the region will withstand a global slow down. In Japan, the Nikkei rose 415 points or 3% and in Hong Kong, the Hang Seng put on just over ½ %. Shares “down under” were higher by 61 points. In Europe this morning the bourses are taking some encouragement that weaker economic data out of Germany and the UK could lead to sooner than expected rates cuts. Generally, the indices are ahead by about ¼ %. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=28&cntnt01returnid=209 Market Insights 77F60BF3-A80D-4CC8-8E32-5A0BB5C97C1C Thu, 29 May 2008 08:50:37 -0300 Lines Overseas Management Limited, a subsidiary of LOM (Holdings) Limited (www.lom.com), today announced that it has selected the Bloomberg Portfolio Order Management System (“POMS”) to automate and streamline its front office investment practices across the firm’s multiple business units, including its asset management and brokerage operations. http://www.lom.com/lom-holdings-limited-selects-bloomberg-portfolio-order-management-poms-to-automate-its-front-office-investment-practices Press Releases and News 40C3A69A-0AB7-4942-B49E-89F04B086B69 Wed, 28 May 2008 16:22:50 -0300 Asian stocks fell overnight ahead of the long holiday weekend in the US. The correction in oil prices yesterday from Wednesday’s records led traders to sell commodities issues in the Far East. Hong Kong and Australia were lower by better than 1% while Japan’s Nikkei average was essentially flat at 14,012. In Europe this morning shares are also lower with most of the continent losing ¾%. June Dow futures are pointing to an opening price of 12,550. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=27&cntnt01returnid=209 Market Insights AAD9535E-BDA6-4948-83E7-DBCD64B67A15 Fri, 23 May 2008 09:17:45 -0300 Asian stocks were mixed overnight with Japan recovering an early 1.1% slump on the back of record crude oil prices on the NYMEX. The Nikkei 225 finished up by .37% and Australia was flat. In Hong Kong shares were lower by 1.64%. Concern that the region will be held captive to much higher energy prices led traders to consolidate profits after the recent run up. In Europe this morning, the bourses are generally lower by between ½ and 1%. Yesterday’s continued liquidation on Wall Street seems to show little respite this morning with US Index futures up only marginally. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=26&cntnt01returnid=209 Market Insights A8B6AE32-CF76-428B-8D76-BEC1E69B5138 Thu, 22 May 2008 08:26:10 -0300 LOM announced a number of new appointments, including four Bermudians, to its staff base - David Barker, Kenny Foggo, Arantxa Mayers and Malik Showers. http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?sectionId=65&articleId=7d8543330030017 Press Releases and News A152AA4F-6D75-4C07-8766-08F96D062CAE Wed, 21 May 2008 09:15:54 -0300 Far Eastern stocks were mixed overnight with Japan and Australia lower and Hong Kong and China showing gains. The Nikkei gave up 1.65% while down under the ASX 200 was off by 1.43% led by BHP. In Hong Kong, the Hang Seng posted a 1% gain and the Chinese index, the CSI 300, advanced by 2%. In Europe this morning shares are also mixed with continental issues showing modest losses while London’s FTSE is higher by 15 points. Wall Street futures are pointing to a continuation of yesterday’s sharp sell off in New York. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=25&cntnt01returnid=209 Market Insights 063701E2-5297-4638-BFF4-48E3EB8278AA Wed, 21 May 2008 09:05:51 -0300 The LOM Group of companies and LOM Asset Management Limited are seeking a Junior Portfolio Manager to assist with expansion in our international financial services firm. The primary role of this exciting new position will be to work closely with our General Manager in Bermuda to execute investment mandates (both fixed income and equity) for high net worth individuals, trust accounts and small to midsize corporations. http://www.lom.com/junior-portfolio-manager Press Releases and News 422AB1DA-BE5A-4B69-9CD1-C3DD72A3E59A Tue, 20 May 2008 17:00:56 -0300 Asian shares were lower across the board last night led by losses in Japan, Hong Kong, Australia and China. Most indices lost almost 1% while China gave back the most in 5 weeks or 5.2%. Credit Suisse’ downgrade of companies in the region was sited as reason for the sell off. In Europe this morning shares are also lower across the board after a measure of investor confidence in Germany failed to meet market expectations. The ZEW survey was expected to provide a reading of minus 37 and posted an actual headline of minus 41.4. US index futures are pointing to a lower open on Wall Street as well with June S+P lower by 6 ½. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=24&cntnt01returnid=209 Market Insights AD11337A-2B38-4F17-997D-A4EC13EF5EB5 Tue, 20 May 2008 09:30:15 -0300 BIOS is offering students the opportunity to work alongside its scientists through Marine Science Internships. The Waterstart Programme is open to 12- to 13-year-olds, and scholarships are being sponsored at each of the Island's middle schools by Lines Overseas Management (LOM) http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?articleId=7d858af30030013&sectionId=60 Press Releases and News 6B4CDE84-4461-447E-9FBB-B4FBC505FA2B Mon, 19 May 2008 15:08:25 -0300 Asian shares were higher overnight on rumors that China may be seeking a stake in BHP Ltd. In Japan the Nikkei 225 rose by 165 pints to 14,118.5 while Australia’s ASX 200 was ahead by better than 1%. In Europe this morning equity indices are also in positive territory on a belief that the worst of the credit crunch is over. Yesterday’s recovery on Wall Street from intra-day lows has US stock futures showing a continuation of gains. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=23&cntnt01returnid=209 Market Insights E617B42E-B685-4A8B-B681-8525C9964EA9 Wed, 14 May 2008 09:41:44 -0300 Asian stocks were higher again last night led by technology and auto companies on higher profit forecasts and speculation that the region may be able to withstand a global slowdown. The Nikkei 225 advanced by 210 points while Hong Kong was better by almost 500. In Europe, shares are mostly higher but by smaller margins after yesterdays comments by ECB officials on inflationary concerns. Dow futures are pointing to a higher opening in New York after some favorable US economic data. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=22&cntnt01returnid=209 Market Insights 9861B4D3-3ABB-4D99-951A-9B2C9D5FAE14 Tue, 13 May 2008 10:40:21 -0300 Asian stocks were mostly higher in the Far East overnight as traders heartened from positive earnings predictions. In Japan the Nikkei 225 advanced by 88 or 0.6%, while Hong Kong was closed. Australian issues were ahead by almost 1%. In China a release that inflation had quickened to 8.5% in April gave no surprises to the market and the CSI 300 put on 0.7%. In Europe this morning the bourses are higher by between ½ and ¾ % after an oil discovery in the North Sea and rising copper prices boosted profit expectations for commodities companies. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=21&cntnt01returnid=209 Market Insights D323A87E-E1FC-4384-B81A-C2E4D674561D Mon, 12 May 2008 09:39:16 -0300 Asian stocks fell the most in 3 weeks on lower profit forecasts from auto and tech companies. In Japan the Nikkei 225 snapped a 7 week winning streak to finish at 13,655, down 288 points. Losses in Hong Kong were similar with the Hang Seng off by 387. In Europe share indices are lower also after the world’s largest insurer AIG indicated a need to raise as much as $12.5 billion. US futures are pointing to a lower open on Wall Street with June S+P 500 lower by 7.5. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=20&cntnt01returnid=209 Market Insights 3B4EC40E-6C7A-4438-A93C-9B9F5DE4A569 Fri, 9 May 2008 09:49:15 -0300 Asian stocks were generally lower overnight as Japan returned from the holidays. Losses were led by financials and refiners as the surge in oil prices may indicate lower earning and a slowing global economy. In Hong Kong, the Hang Seng lost 2.5% to 25,610 while Australia was off by 0.6%. Japan was the lone gainer with the Nikkei tacking on 53. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=19&cntnt01returnid=209 Market Insights AAEE60A0-CB53-4488-9B22-75B615207991 Wed, 7 May 2008 09:08:01 -0300 The US economy continues to put in a feeble performance, with exports helping to prevent even greater weakness. China faces an inflation problem that the authorities are trying to address with measured policy steps. The Eurozone economy’s inflation challenge is less serious but it is keeping the ECB from reducing interest rates. Japanese domestic demand shows no signs of being able to drive the economy if global growth falters. http://www.lom.com/may-2008 Market Research 9D7089B2-07D2-4964-8E5F-9EB1BBD5BDB0 Tue, 6 May 2008 14:57:37 -0300 With Japan on still on holiday for Golden Week, Asian markets were again mixed in sluggish trade. In Europe, Activity is slowly picking up with the continent on holiday last week and London returning from a long weekend today. The bourses are broadly lower this morning with the average index off by between ½% and ¾%. US futures point to a lower opening for Wall Street, with nearby Dow contracts lower by 52. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=18&cntnt01returnid=209 Market Insights F8FBF26C-EE62-4515-8407-C7FADF6DC719 Tue, 6 May 2008 09:49:52 -0300 Asia put in a quiet and mixed session last evening with Japan, South Korea and Thailand all on holiday. In Australia, stocks added 0.5%, while Hong Kong shares were behind by 57points or ¼%. Europe is trading mostly lower this morning on the back of US shares trading on the continent after Microsoft announced plans have been scrapped in the purchase of Yahoo. In London the FTSE is closed for the annual spring bank holiday. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=17&cntnt01returnid=209 Market Insights 98EE3EC0-40AA-45B8-A368-BB4DEBB07F03 Tue, 6 May 2008 09:49:03 -0300 Video commentary and coverage of FOMC meeting rate cut of 0.25%. http://www.youtube.com/watch?v=udweuM7LsvU Market Insights F2A15AB9-73E0-4C76-9E32-E3B437B92ED0 Wed, 30 Apr 2008 11:21:02 -0300 In Asia last night share indices retreated mostly on technical considerations after BOJ lowered its growth forecast to 1.5% from 2.1%. Both Nikkei and Hang Seng fell by 0.6% led by financials while in Australia the ASX 200 gave back 0.17%. In Europe this morning most continental bourses are closed for the annual May Day holiday. The FTSE is ahead by a fraction. Yesterday’s action by the Federal Reserve to cut interest rates by 25BPs but not to clarify future direction left Wall Street in a quandary. Smart gains in New York recently left traders with little choice but to book profits and the Dow had given up all of its 160 point intraday rise by sessions end. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=16&cntnt01returnid=209 Market Insights 50F33F13-EC3B-4CBC-B2DC-081B6FCD3FFC Thu, 1 May 2008 08:52:38 -0300 Commodities producers such as BHP and Sumitomo led SE Asia equities lower overnight after decline in Gold and Copper yesterday. The Nikkei 225 dropped by 0.3% while the Hang Seng gave up 0.6%. In Australia, the ASX 200 was marginally lower by less than ¼%. In China stocks posted smart gains once again with the CSI 300 tacking on near 5% led by financials. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=15&cntnt01returnid=209 Market Insights D04F32A8-DE31-4CF1-B5BE-404D8FB383C0 Wed, 30 Apr 2008 09:24:55 -0300 Commentary from LOM Bermuda on US FOMC meeting, non-foreign payrolls, first quarter advanced GDP, inflation and bond markets. http://www.youtube.com/watch?v=btNBBlaxCtA Market Insights 76987F92-47FD-4014-89A0-51F96A4882B8 Tue, 29 Apr 2008 13:57:14 -0300 Asian stocks were mixed overnight with China and Hong Kong higher by about 1%, while Taiwan lost almost 3%. In Japan, the traders are on holiday for the annual Golden Week celebrations. Without the regions main driver, conditions were thin and choppy. In Europe stocks are mostly lower with Spain and Germany giving up 1.25% and 0,6%, respectively. The FTSE 100 is ahaead by a small margin. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=14&cntnt01returnid=209 Market Insights 0537C18C-73AF-447A-BEF8-C9735CC68493 Tue, 29 Apr 2008 09:14:06 -0300 In Asia last evening stocks advanced led by financial institutions with most major indices posting gains save China which dipped after the strong rally of last week. In Japan, the Nikkei 225 added 31 points while Hong Kong shares were higher by 150. The consumer inflation numbers out out Japan have led the market to reassess their dismal view of SE Asian stacks on a belief that pricing power may be returning to Japan after a decade of deflation. In Europe, indices are higher by between 0.5% and 1% and US futures are pointing to a positive open for Wall Street. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=13&cntnt01returnid=209 Market Insights 507AB10E-7414-4D50-BFA0-B47487E4B9E1 Mon, 28 Apr 2008 08:45:28 -0300 Asian market indices were higher over night led by electronics companies, car manufactures and airlines as markets took encouragement from yesterday’s rally on Wall Street. The Nikkei 225 added 322 or 2.4%, while China tacked on another 0.8% to yesterday’s heady performance. In Europe this morning, the bourses are all in positive territory by about 1%, while the OMX Stockholm 30 Index has put on 3%. US major index futures are pointing to a higher open in NY today. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=12&cntnt01returnid=209 Market Insights E97E647F-4932-4FC0-B28E-DCB7D628E083 Fri, 25 Apr 2008 08:27:29 -0300 Chinese stocks soared by over 9% last night, the biggest rally in over 6 years, after the government cut the taxes on equity trading in order to stem the recent slump that has erased $1.7 trillion dollars in market value. Elsewhere in Asia stocks were mostly lower as investors swapped recent gains into Shanghai. The MCI Asia Pacific Index was lower by 0.2%. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=11&cntnt01returnid=209 Market Insights 544164EB-E5A0-44AE-BB8A-37FA36BA4032 Thu, 24 Apr 2008 09:35:05 -0300 Asian stocks were higher overnight with Hong Kong and Australia both adding about 1.5%. In China the CSI 300 jumped by nearly 5% on bank earnings. Japanese stocks rose by ¼% as materials companies’ earnings suggest that the region may be able to withstand slower global growth. Asia is looking more and more attractive to investors on a belief that countries there will outperform the west in spite of "wet barrel" crude closing in on $120. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=10&cntnt01returnid=209 Market Insights AFC75B6D-0AF6-4AA6-BDF8-9440C44964C2 Wed, 23 Apr 2008 09:54:07 -0300 Asian stocks were mixed again overnight with a general bias toward the downside. The MSCI Asia Pacific Index fell by 0.7% as car companies in Japan gave up some of the gains enjoyed for the previous 7 sessions. Elsewhere in the region China added 0.9% to the CSI 300 while the Hang Seng put in a similar performance. The Nikkei 225 was lower by 1.10%. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=9&cntnt01returnid=209 DFC1AD31-D181-43BA-8D6F-F22EA37E8000 Tue, 22 Apr 2008 08:48:06 -0300 LOM's David Barker summarizes what's going on in markets around the world. http://www.youtube.com/watch?v=cInbihOqqkw Market Insights 431B4340-EDBB-4E59-803B-6221E696B731 Mon, 21 Apr 2008 09:23:29 -0300 Global equities are mixed this morning with Asian stocks higher and Europe mostly lower. The Nikkei 225 added 1.6% overnight led by car makers and machine manufacturers and Hong Kong put on 2.2%. In Australia, the ASX 200 surged by more than 3%. In continental Europe, stocks are lower by between 0.5% and 1% generally on the realization that ECB won’t be cutting interest rates in the region any time soon. In London, the FTSE 100 is holding onto meager gains after the BOE announced a 50 Billion pound swap facility to help banks tackle the credit situation. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=8&cntnt01returnid=209 Market Insights A52A35A7-116A-4A18-ADF8-F0910D8E475A Mon, 21 Apr 2008 09:14:44 -0300 Global equities are mixed this morning with Asian stocks mostly lower and Europe smartly higher. US futures are higher in early trading pointing to a positive opening for Wall Street. After the bell yesterday Google released earnings, beating street estimates by 32 cents. Traders took this as positive news that the "real" economy may be in better shape than the financial sector. Hong Kong was lower by a small margin while Australia lost 1.6% and the Nikkei added 78 points or 0.58%. On the continent, share indices are all higher by 1 and 2%. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=7&cntnt01returnid=209 Market Insights FC74DB6A-D8B5-4E41-A9AC-1933620C6F8C Fri, 18 Apr 2008 09:11:57 -0300 LOM (Holdings) Limited (BSX: LOM) today reported that net earnings for the year ended December 31, 2007 rose nearly 50% as compared to year end 2006, to $2.5 million or $0.38 per diluted share. Diluted earnings per share were $0.38 and $0.26 for the year 2007 and 2006, respectively. Total revenue was up 29% to $16.5 million while expansion caused operating costs to rise by 26%, to $14 million. http://www.lom.com/lom-reports-increased-profits-for-2007 Press Releases and News EAE82594-1E85-4112-8D65-4B5A2A1A9231 Thu, 17 Apr 2008 12:39:28 -0300 Asian stocks were mixed with Japan and Australia adding better than 1% each while in Hong Kong shares were flat. Elsewhere in the region, China's CSI 300 fell by 2.5% to mark a one year low. Concern over first quarter profits and that consumer prices rose at a pace close to an 11 year high left traders nervous and looking for the exit doors. In Japan the Nikkei rose led by banks and tech. companies on speculation that credit market losses in the Far East may have abated for now. In Europe the bourses are higher across the board after Intel's positive earnings last night in the US gave encouragement that real economy sector may be spared the debacle in the financial industry. In the US, stock futures are pointing at the moment to a higher open. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=6&cntnt01returnid=209 Market Insights 3F551F84-D9EC-4A8F-B495-B194982CCC1E Wed, 16 Apr 2008 08:49:40 -0300 Far Eastern stocks posted modest gains overnight with the Nikkei 225 adding 73 point and Hong Kong up by 90. Australia put on 58 points or 1.09%. Energy and commodity issues were favoured as market participants look to companies with “pricing power” against a backdrop of a new record in crude oil. Continental Europe is very mixed this morning as traders digest offsetting news from France and Germany. In France inflation figures were high by 3.5% (MoM) while in Germany the Investor confidence measure (ZEW) fell by a larger margin than expected. The FTSE rose almost 1% on lower interest rate expectations following release UK housing data that showed the worst conditions since 1978. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=5&cntnt01returnid=209 Market Insights BEE4E95B-52CB-4E58-AA24-EF57CECAD009 Tue, 15 Apr 2008 09:09:11 -0300 In Asia stocks suffered another down day as the G-7 finance ministers expressed concern in their April 11th statement that global growth was slowing and that the fallout from the US sub-prime/credit crises are likely to continue. Nikkei 225 was off by 3% and Hong Kong's Hang Seng gave up 3.5%. In Australia the S&P/ASX 200 declined by 1.75%. In Europe this morning the major indices are all posting losses as well, with continental stocks generally lower by about 1%. On Friday Wall Street was sold across the board adding credence to the existence of a broad trading range centered around 12,250 on the Dow Jones Industrials. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=4&cntnt01returnid=209 Market Insights 202BD8C4-8C55-4F84-92BB-D7F07CB8F0EE Mon, 14 Apr 2008 08:56:08 -0300 The LOM Group, a Bermuda-based offshore financial services company with subsidiary offices in the Bahamas, Cayman Islands, and London, has launched its newly redesigned corporate website. LOM.com, designed with appealing imagery and highly intuitive navigation features for a more user-friendly experience, covers a wide array of topics related to LOM’s growing offshore financial services business. One of the more notable additions is the inclusion of an online version of the popular LOM Blue Book, which provides independent research on Bermuda Stock Exchange listed companies. http://www.lom.com/lom-launches-newly-redesigned-website Press Releases and News 50EE5F44-BF52-4B8C-8AB4-23DDFA95F29B Fri, 11 Apr 2008 15:24:02 -0300 Stocks in Far East rose across the board with Japan adding 3% to the Nikkei 225, the Hang Seng tacking on 2% and China posting its first weekly gain since February. The rally was broad based and encompassed the manufacturing, financial and retail sectors. In Europe this morning, indices are all higher, although the gains are somewhat more modest than Asia. For all intents and purposes the bourses are generally in positive territory by about 1/2%. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=3&cntnt01returnid=209 Market Insights 637B1A82-8D49-49B2-8BE8-3D6F3E797962 Fri, 11 Apr 2008 11:12:54 -0300 Overnight Asian stocks had a mixed performance with the most of the South East on the positive side while Australia and Japan lost as much as 1.25%. In Japan, the Nikkei succumbed to selling pressure on the back of a 12.7% drop in machine tool orders, a harbinger of a slowing economy. Elsewhere Europe has suffered this morning as the markets await the interest rate announcements from both ECB and BOE. http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=2&cntnt01returnid=209 Market Insights 8763CB48-8AFD-4E14-83E9-30CEAE664DDD Thu, 10 Apr 2008 09:36:18 -0300 Overnight Asia showed about a 1% decline on the heels of a weaker Wall Street yesterday afternoon. Nikkei down 1%, Hang Seng of ... http://www.lom.com/index.php?mact=Blogs,cntnt01,showentry,0&cntnt01entryid=1&cntnt01returnid=209 Market Insights E76EB2DD-D26A-4332-BE2C-AA685C24B714 Wed, 9 Apr 2008 12:37:33 -0300 Investors are looking for signs of a resolution of the credit crunch, amid volatility on the markets. However many problems remain and there isn’t a great deal of clarity about the state of the financial system. There has been considerable government intervention in the US to save the system and observers are waiting for a rescue plan for troubled homeowners and banks. This would boost the prospects for riskier assets. http://www.lom.com/april-2008 Market Research 4D50B51E-E82E-45EC-B213-D562F62CFF58 Mon, 7 Apr 2008 14:05:53 -0300 WINDSOR, Conn.--(BUSINESS WIRE)--SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and software-enabled services, today announced LOM Services Limited, a subsidiary of the LOM Group (www.lom.com), has selected CAMRA, SS&C’s portfolio management software, to automate and streamline investment operations across the firm’s multiple business units, including its asset management and brokerage operations. http://biz.yahoo.com/bw/080312/20080312005150.html?.v=1 Press Releases and News EE73F509-9681-4981-BD2D-D02709152F4E Wed, 12 Mar 2008 16:49:31 -0300 Data on the US economy signal falling output and rising inflation, forcing difficult choices on policymakers. There are increasing concerns about higher inflation, even as the Fed concentrates on preventing a recession. Adjustments in the housing sector are ongoing, amid continuing trouble in the financial sector. Downside risks have increased for the US economy. http://www.lom.com/march-2008 Market Research 03D635E3-BEED-439D-8C55-F471FE9CD643 Mon, 3 Mar 2008 16:14:18 -0300 US policymakers implement aggressive measures to prevent the economy from falling into recession. These are short-term measures that do not take account of longer-term consequences. There is a possibility of further damage to the Fed’s credibility. Ostensibly sophisticated risk-management systems and products have not generally performed well under real-world test conditions. http://www.lom.com/february-2008 Market Research 2C88A240-6EAE-4808-BFFF-ACDD1FAB4DA7 Mon, 4 Feb 2008 16:13:49 -0300 The global economy has entered an uncertain period in which a growth slowdown is widely expected. In this context, a great deal of attention will be focused on the US economy which is at risk of experiencing recessionary conditions. Note that we have not explicitly predicted a recession, which by definition is two quarters of negative growth. http://www.lom.com/index.php/january-2008 Market Research 2D0B3A4E-5ED6-4AA5-BCA5-BC1B6359EB4D Mon, 7 Jan 2008 16:13:20 -0300 There is increasing uncertainty about the outlook for the global economy. Credit markets remain jumpy, among continuing worries about bank balance sheets. Central banks seek to provide sufficient liquidity to calm the markets, which remain volatile. There are more signs of slowdown in the United States as households face challenging conditions. http://www.lom.com/index.php/december-2007 Market Research D1F7D1D3-B641-46E6-A762-D5C78A405C22 Mon, 3 Dec 2007 16:12:47 -0300 Housing continues to weigh down on prospects for the US economy. Credit market conditions remain difficult and the Fed has not finished easing. The dollar is under pressure as speculation pushes up oil prices. Risk appetite favours emerging market equities. http://www.lom.com/index.php/november-2007 Market Research AB5689E0-F954-4A2A-81C8-92A5DFCFCFF2 Mon, 5 Nov 2007 16:12:19 -0300 While still strong, the US economy is facing head winds. The Fed will attempt to avoid a recession, putting concerns about inflation on the back burner. Creating more liquidity helps to pump up the stock market and shore up risk appetite. http://www.lom.com/index.php/october-2007 Market Research 17A226E5-8B04-4939-8CA3-C6B05664E494 Mon, 1 Oct 2007 16:11:50 -0300 Central bankers have been pumping more liquidity into the system to calm credit markets. Excessive risk-taking during the past few years has been encouraged by easy monetary conditions. In trying to prevent market adjustments and the re-pricing of risk, central banks may cause further volatility and instability in the future. http://www.lom.com/index.php/september-2007 Market Research F0B221F7-DC2E-4FA3-9E04-26FDE9BEBC2D Mon, 3 Sep 2007 16:11:20 -0300 Credit-market conditions are deteriorating and investors are beginning to re-price risk. Complex financial instruments and derivatives have introduced opacity into the system. Globalisation ensures that US sub-prime problems will have widespread impact. http://www.lom.com/august-2007 Market Research DA7B5C7C-38BA-4132-B8C9-3685AC38F56D Mon, 6 Aug 2007 16:10:05 -0300 Grand Cayman, Cayman Islands, November 27, 2007 - LOM, one of the major sponsors of the annual RE/MAX Chamber of Commerce Golf Classic, went above and beyond in showing their support. In keeping with the annual traditions of the golf tournament, sponsors are encouraged to have additional activities or challenges at their hole or tee. LOM’s strategy proved to be the most fun hole at the tournament this year, winning them the award and bragging rights. http://www.lom.com/lom-raises-2000-for-golf-classic Press Releases and News 9A0E4144-03BA-47F0-B695-45D157DF56B5 Tue, 27 Nov 2007 15:52:50 -0300 Hamilton, Bermuda: December 21, 2007 - Jupiter Adria Limited (JAL BH) has announced that 913,888 shares were crossed at a price of Euro 1.80. Lines Overseas Management Limited executed the agency transaction on behalf of unrelated parties. http://www.lom.com/jal-bh-announces-cross-of-913-888-shares-on-the-bsx Press Releases and News D93A210B-7F49-4716-BD49-C8467D4659F0 Fri, 21 Dec 2007 15:52:49 -0300 Hamilton, Bermuda, December 17, 2007 - LOM (Holdings) Limited (BSX: LOM BH) announced that it paid its semi-annual dividend on December 1, 2007 to shareholders of record as of November 15, 2007. The Board of Directors approved a 40% increase in the semi-annual dividend from $0.05 per share to $0.07 per share on September 27, 2007. http://www.lom.com/lom-pays-increased-semi-annual-dividend Press Releases and News E18DF42C-D752-4532-9F87-54C205AC839F Mon, 17 Dec 2007 15:52:48 -0300 Hamilton, Bermuda, December 20, 2007 - LOM (Holdings) Limited (Bermuda Stock Exchange: LOM BH) announced today that it intends to vigorously contest charges filed by the United States Securities and Exchange Commission (SEC) against LOM, several of its subsidiaries, and its President, Scott Lines (collectively, LOM). http://www.lom.com/lom-holdings-announces-intent-to-contest-sec-charges-arising-from-2003-transactions Press Releases and News 59383CB1-268C-4A51-80AA-EB202A75717C Thu, 20 Dec 2007 15:52:47 -0300 Nassau, Bahamas, January 11, 2008 - Craig Lines, LOM Securities (Bahamas) Limited General Manager, stated "LOM’s charities have a mandate to help children in the jurisdictions LOM operates." http://www.lom.com/lom-donates-computers-to-ranfurly Press Releases and News CDC1DB84-6D6D-424F-B1D2-4B44B6BA90A0 Fri, 11 Jan 2008 15:52:46 -0300 Hamilton, Bermuda, January 22, 2008 LOM (Holdings) Limited today announced that on January 21, 2008 it purchased 40,000 of its own shares for cancellation at an average price of $3.85 per share http://www.lom.com/lom-announces-share-buy-back Press Releases and News DA9E1F41-CE5E-4EEA-9BF9-0E68590688FB Tue, 22 Jan 2008 15:52:45 -0300 Hamilton, Bermuda, February. 12, 2008 LOM (Holdings) Limited (LOM) today announced that on January 28, 2008 it purchased 5,000 of its own shares for cancellation at an average price of $4.00 per share. http://www.lom.com/lom-announces-another-share-buy-back Press Releases and News C4ED0732-C9F1-4E71-842A-24E2A7A078FF Tue, 12 Feb 2008 15:52:44 -0300 Nassau, Bahamas, February 25th, 2008 - LOM Securities (Bahamas) Limited has opened an office in downtown Nassau. LOM has maintained offices in Bahamas since 2001 and the new office, situated in the Centre of Commerce building, serves as an ideal location to meet the demands of the international financial community. http://www.lom.com/lom-securities-bahamas-limited-has-opened-a-new-office-in-downtown-nassau Press Releases and News 85EA4C7D-BA00-4920-9B56-2B3B99E1614F Mon, 25 Feb 2008 15:52:43 -0300 Lines Overseas Management Limited, a subsidiary of LOM (Holdings) Limited (BSX: LOM BH), announced today the appointment of David Barker to the firm’s Investment Policy Committee (IPC). Mr. Barker joined LOM in February with more than 20 years of experience in the international financial industry. http://www.lom.com/lines-overseas-management-announces-david-barker-appointed-to-the-investment-policy-committee Press Releases and News D50623FC-4BB3-4EB1-90A1-F3E23AB9FD39 Tue, 11 Mar 2008 15:52:42 -0300