Posted - 2007.02.02 00:49:00 - [2]

 

Posted - 2007.02.10 02:39:00 - [4]

 

SOVEREIGN ENTERPRISES PERIOD 0009 RESULTS
01/16/2007 to 01/31/2007

Period 0009 saw records broken on all levels. With the addition of the new freighter we were able to haul twice as many minerals as before which actually led to some cash flow issues as we purchased over 6,000,000,000 isk in minerals this period. We sold 446 ships with a profit margin of 13.76% on ships and 33.81% on T2 components.

SOVEREIGN PERIOD 0009 BALANCE SHEET

You can view the Period 0009 Balance Sheet here in .pdf format:

Sovereign Enterprises Balance Sheet - Period 0009

Last period we set a goal of 3,000,000,000 isk in sales and 500 ships. We didnt hit the ship mark yet we did over 4,000,000,000 in gross sales far exceeding our projections. The new freighter has definitely added to our capacity.

NEW FREIGHTER PURCHASED

As mentioned we have added the Providence Class Freighter to our fleet. The SSS Sovereign Star joins the SSS Sovereign Pride as the flagships of our fleet which also include an Impel armored transport and several Iteron V and Bestower Industrial ships. The new Freighter has been very welcomed and has eased our logistics issues moving ships to other regions.

PERIOD 0009 DIVIDEND

This period saw a dividend of 208,605,586 isk paid to shareholders which is 40% of the net profit of 546,513,964 isk. Both figures are records for the corporation. The dividend has already been paid in the amount of 1,093 isk per share. To date we have returned 5,259 isk per share to our shareholders on the original purchase price of 20,000 isk per share. This represents over a 25% return to date.

FREIGHTER BOND PAYMENT

Period 0009 saw the first payment on the Freighter Bond to bondholders. First a payment of 17,500,000 isk was made which represents the 1.75% per period interest on the bond principle. Then a second payment of 173,779,887 isk was paid toward the bond principle. This was much higher then projections and it appears we will pay off the freighter much quicker then expected. The remaining principle balance on the Freighter Bond is 826,220,113 isk. The next bond payment will occur at the end of Period 0010 around 02.16.2007.

PERIOD 0010 PROJECTIONS

We are projecting a slight increase in sales although the market seems to have slowed the last few days. We are guarded on the upcoming period and will seek to optimize our purchases of minerals to limit our exposure should a mineral price adjustment occur. We are projecting sales of 4.25b isk with a profit similar to this period. We are looking for a Minmatar Battlecruiser BPO that is already researched and may make that purchase if one comes available on auction.

Thank you,

Zolcan

Posted - 2007.03.01 04:37:00 - [6]

 

SOVEREIGN ENTERPRISES PERIOD 0011 RESULTS
02/15/2007 to 02/28/2007

Period 0011 picked up where period 0010 ended and like last period ended with another record sales figure on top of the balance sheet.

SOVEREIGN PERIOD 0011 BALANCE SHEET

You can view the Period 0011 Balance Sheet here in .pdf format:

Sovereign Enterprises Balance Sheet - Period 0011

Sales for the period rose another 200m isk to 6.2b+ isk for the two week period.

MINERAL PRICES UP PROFIT MARGIN DOWN

This period conspired against Sovereign as we saw record sales but a sharp decline in overall profit margin on ships. We dropped from over 13% profit to the 9% range (nearly 25%) and had to sell many more ships to have a satisfactory quarter. Also playing a factor were some rises in mineral prices rebounding from the record lows of last period. Zydrine went up a bit before dropping again so we were hit with that expense. Mexallon continues to increase in price and Tritanium has started climbing again.

PERIOD 0011 DIVIDEND

Despite the added expenses we did manage a net profit of 595,220,466 isk on sales of 6,243,424,232 isk. We are pleased to pay a 40% dividend this period of 238,088,187 isk or 1,190 isk per share. While down a bit from last period still very respectable given the fluctuations in the market.

FREIGHTER BOND PAYMENT

A total of 9,329,029 isk in interest (1.75% of balance which was 553,087,394 isk) and 258,520,180 isk toward principle on the bond leave us with a bond balance of 274,567,214 isk. We estimate being able to pay off the freighter next period and will have to make an additional interest payment to the bondholders to reach the guaranteed minimum of 10% return on the bonds. This means the total time to pay the bond will be only five periods when we budgeted for thirteen.

TECH II BUSINESS

We've secured a new regular T2 customer for our ship components and this period did 576m+ in sales on T2 components. We've also started hauling in our secure Impel transport to Minmatar space and have sold T2 materials there. Overall we're very happy with the way T2 has rebounded for us but we're still a long way from our goal of 1b a period in T2 sales.

OTHER DIVISIONS

Our other "divisions" had decent periods. The trade division made 19m in profit (wasn't as busy and I was gone in RL for a few days). We've started doing POS and Mineral Resale business and turned a nice 50%+ profit on those items. We're hoping to double that volume by Period 0015 (April). Starting Period 0012 we're selling drones and probes on the market and should realize some profits there. We're currently researching what we can do to generate maximum profit margins.

POSSIBLE PURCHASES

As you may've read O'Mara Shipyards is closing up shop. As a model we're designed after the loss of Moppeaux is great to the market (and to our board as he is a member). I do hope he will still be around and is just taking a break. As a result of this we understand his collection of BPOs will be liquidated. I have contacted him to inquire about what he has available and what he'd be looking for in payment. There are several BPOs he has that we would like to obtain. If we do they would be purchased by the corp much like our Drake and Myrmidon BPOs were.

PERIOD 0012 PROJECTIONS

We're looking to reach 7b in sales and would like to return to a net profit of at least 700m isk so we can pay off the freighter. After that we have some ideas in the works and will present them for discussion. Sovereign thanks all our shareholders for their continued trust and support.

Zolcan
Chairman, President, CEO
Sovereign Enterprises
"Build it Right!

Posted - 2007.03.17 01:23:00 - [8]

 

SOVEREIGN ENTERPRISES PERIOD 0012 RESULTS
03/01/2007 to 03/15/2007

Period 0012 saw a slight decrease in sales due to RL factors but overall was another excellent period. We did over 6b isk in sales again and profited over half a billion isk.

SOVEREIGN PERIOD 0012 BALANCE SHEET

You can view the Period 0012 Balance Sheet here in .pdf format:

Sovereign Enterprises Balance Sheet - Period 0012

Sales were nearly identical to last period which considering I was RL away a few days was very good.

MINERAL PRICE UPDATE

Mineral prices still seem to be all over the place. Mexallon has started climbing again and seems to be in short supply. We're buying in bulk in some far away systems and hauling it back to our factory for use. Overall Zydrine has dropped some more and Megacyte has creeped back up over 4k isk again.

PERIOD 0012 DIVIDEND

We turned a net profit of $451,617,528 isk of which $180,647,011 was paid out as a 40% dividend. The remainder was paid to the freighter bond and retained by the corporation.

STATISTICAL GRAPH

Some people have asked just how Sovereign is doing overall so I have prepared this graph showing our revenue, cost, profit and dividends as well as the corp value.

Sovereign Statistics Graph - Period 0001 to Period 0012

This graph shows statistics from our startup to the current period end. Seeing it in graph form really shows how we're doing at controlling mineral costs and maximizing profits. Some key dates on the graph include the $400m special dividend as well as the Freighter Bond period. You can see revenue doubled once we added the second freighter to the fleet.

OTHER DIVISIONS

We have discontinued selling Drones after a couple disappointing periods. The profit margin is just far to little for the work involved and dealing with undercutters constantly isn't productive use of our time or minerals.

FREIGHTER BOND UPDATE

This period we will pay a bond interest payment of $4,804,926 isk and a principle payment of $198,422,961 isk leaving a bond balance of $76,144,253 isk. This means next period we will pay off the freighter in full. We may have to make an additional interest payment to meet the 10% minimum guarantee on the bond but will calculate that at the end of Period 0013 at the end of March.

CAPACITY

It's been very interesting building Sovereign into a decent production company. One thing I've noticed is there is a real "cap" to earnings based not on prices but on time and equipment. For example when we bought the freighter giving us two (one is privately owned) our sales doubled. After a couple periods working "max hours" (as I call my time to play Eve) I've concluded given two freighters and the hours I am available 6-7b is about the maximum sales I can see mostly based on my ability to fly minerals to my base and return ships.

FUTURE BOND ISSUE IDEAS

Given the "cap" mentioned above I am considering a vote for another freighter (to give us three). I do think we can hit $10b a period in sales with a third freighter. The other issue we run into is available cash to purchase minerals. Right now we never have more then $2b isk in the wallet which goes fast. If we do a future bond we'll probably do one for $3b isk with $900m being for another freighter and the balance as liquid cash for additional material purchases. We'll post on the forums when its time to discuss that.

PERIOD 0013 OUTLOOK

I'm away a few days toward the end of the month but overall I expect another $6b sales period. Thank you all for your support and confidence.

Zolcan
CEO/President

Posted - 2007.05.01 03:07:00 - [10]

 

Edited by: Zolcan on 01/05/2007 03:21:25

SOVEREIGN ENTEPRISES PERIOD 0014 RESULTS
04/01/2007 to 04/15/2007 - Adjusted report 4/28/2007

Period 0014 went well although the discovery of a bookeeping error was a temporary hit to morale. Still we moved on with the dividend anyway (incorrect) to pay shareholders and posted about the error which will be corrected as of period 0015.

SOVEREIGN PERIOD 0014 BALANCE SHEET - ADJUSTED

Here is the adjusted balance sheet with the corrections.

Sovereign Enterprises Balance Sheet - Period 0014

Note the dividend listed is much lower then what was actually paid out.

MINERAL PRICES

Mineral prices continue to fluctuate wildly which makes estimating true profit more difficult. As explained in the financial adjustment thread we're using a new "real time" system now which should be more accurate.

This is an ammended "short" report because we're filing the Period 0015 report tomorrow thus this is not current news.

Zolcan
President/CEO/Chairman
Sovereign Enterprises
"Build it Right!

Posted - 2007.05.17 01:48:00 - [12]

 

Edited by: Zolcan on 02/06/2007 02:36:42

SOVEREIGN ENTERPRISES PERIOD 0016 RESULTS
05/01/2007 to 05/15/2007

Period 0016 went very well and saw increased profits on ships although overall sales were down as predicted.

SOVEREIGN PERIOD 0016 BALANCE SHEET

You can view the Period 0016 Balance Sheet here in .pdf format.

Sovereign Enterprises Balance Sheet - Period 0016

PERIOD 0016 DIVIDEND

The period saw a dividend of 149,773,180 isk paid out on gross sales of 4,135,691,100 isk. Net profit was 374,432,950 isk and the dividend was at the normal 40%. Sales were down about 35% as predicted last period due to the BPOs for our BC and BS models being in labs for ME research.

UPCOMING BOND ISSUE

As indicated in our other thread tonight a vote will be put to the Sovereign shareholders regarding a 2,000,000,000 isk bond issue. If approved over the five day vote a five day purchase period will immediately take place. See the other thread for details.

BLUEPRINTS OUT OF THE LAB

We have received our BC and BS BPOs from the lab after raising the ME level from 10 to 16 and they will resume production this period.

FUTURE IDEAS

I've started a thread with some ideas we've got for the future relating to future bonds, future business expansion and future stock releases. Input is welcome from the general public in this thread. IDEAS THREAD. It's hoped we'll have some good input from the Market community.

PERIOD 0017 OUTLOOK

We're projecting gross sales of 6,200,000,000 isk this period with the return our our BPOs and look forward to expanding our T2 parts business which increased this period.

Zolcan
Chairman, President, CEO
Sovereign Enterprises
"Build it Right!"

Posted - 2007.06.02 03:16:00 - [14]

 

Edited by: Zolcan on 02/06/2007 03:19:38

SOVEREIGN ENTERPRISES HISTORICAL INFORMATION

I thought it would be interesting to post some cumulative information since the start of Sovereign to see how we're doing overall since our inception last year.

Periods: 17

Ships Sold: 9,242

Total Gross Sales: 63,367,350,074 isk

Total Gross Profit: 6,518,983,466 isk

Total Net Profit: 5,254,613,756 isk

Total Shares Sold: 200,000

Price per Share Sold: 20,000 isk

Total Raised All Shares: 4,000,000,000 isk

Current Corporation Value: 5,693,404,199 isk

Current Value Per Share of Stock: 28,467 isk

Stock Value Percentage Increase Per Share: 42.33%

Total Public Dividends: 2,558,206,597 isk

Total Earnings Per Share: 26,388 isk

Total Dividends Per Share: 13,173 isk

Profit Percentage Per Share: 65.85% return to date

Average Dividend Per Period: 823.31 isk

Average Percentage Return Per Period: 4.12% period return

Average Percentage Return Per Month: 8.24% monthly return

Bond Issues Completed: 1
Total Raised: 1,000,000,000 isk
Total Paid Back: 1,100,000,000 isk
Total Bond Interest: 100,000,000 isk
Periods to Pay Back: 5
Bond Interest Rate: 10.00%

So to summarize we've returned over 65% of the initial investment of all shareholders and we're averaging over an 8% return per month while showing steady growth and stable management. It's kind of neat to look back at what's been done so far. Thanks to everyone who has invested it wouldn't have been possible to enjoy this ride without you.

Zolcan
Chairman, President, CEO
Sovereign Enterprises
"Build it Right"

Posted - 2007.06.15 04:25:00 - [16]

 

Great job mate. Glad I bought into your operation

Posted - 2007.07.16 04:41:00 - [18]

 

Edited by: Calladen Nimitz on 16/07/2007 05:13:03

SOVEREIGN ENTERPRISES PERIOD 0020 RESULTS
07/01/2007-07/15/2007

Zolcan overindulged in celebration this evening over our record profits thus he asked me to deliver the period ending report in his absence.

SOVEREIGN PERIOD 0020 BALANCE SHEET

You can view the Period 0020 Balance Sheet here in .pdf format.

Sovereign Enterprises Balance Sheet - Period 0020

Sales were 2.5b over projections and record profits were obtained.

PERIOD 0020 DIVIDEND, BOND PAYMENT AND SALES

Where to begin? Period 0020 passed all expectations. We sought to double our T2 component production this period and we did bringing in almost 1.2b isk in revenue. Ship revenue of 7.68b isk brought us to $8,885,172,816 in total period revenue.

Profits skyrocketed as the mineral market tanked. Last period we eeked out 3% returns but this week it was over 8% on ships and an incredible 40% on T2 components as the post-revelations patch adjustment occurred. Mineral prices are now slowly climbing again but not as high as they were.

We sold 884 ships total this period and purchased a total of $8,703,713,870 in minerals and materials for the period. We paid a shareholder dividend of $385,162,949 isk (40%) followed by a bond interest payment of $31,119,542 isk (1.75%) and a bond principal payment of $305,898,039 isk.

Our remaining bond balance is now $1,472,361,497.

MINERAL PRICE ADJUSTMENT

As indicated above the mineral market took a temporary nosedive for a few weeks post-revelations which allowed us to capitalize on the cheap materials. We started producing some new ships as well like the Megathron (from BPC) and were able to turn nice profits from these new lines.

NEW CORPORATE CHARTER

As indicated in this thread the revised corporate charter was approved by a 100% to 0% vote. The revised version is being cleaned up (old stuff out and new stuff in) and will be posted shortly here.

PERIOD 0021 OUTLOOK

We're going to continue our current increased T2 component production scheme given the outrageous profits and increased sales. While the material and mineral price adjustments will not let us have another billion isk period like this it should still allow a healthy return on profit. We are projecting sales of 7.25b isk this upcoming period. This is slightly less than normal however the Sovereign staff will be gone four days for an industrialists conference in Jita and have decided to bring along the entire factory staff for this fun event. (In RL I'm going on a business trip). Still we may pass this as we did this period who knows.

CELEBRATION

In honor of our reaching a gross profit total of $1,123,576,996 isk for the period and total net profits of $962,907,373 isk we're hosting a celebratory luncheon for all shareholders in Amarr next weekend. All bondholders past and present are also invited to attend.

Thank you everyone for your continued support and confidence.

Calladen Nimitz
Vice-President of Research
Sovereign Enterprises
"Build it Right"

Posted - 2007.08.01 02:12:00 - [20]

 

SOVEREIGN ENTERPRISES PERIOD 0021 RESULTS
07/16/2007 to 07/31/2007

Overall it was another great period with sales in excess of nine billion isk for the first time ever!!!

SOVEREIGN PERIOD 0021 BALANCE SHEET

You can view the Period 0021 Balance Sheet here in .pdf format.

Sovereign Enterprises Balance Sheet - Period 0021

Projected sales were 7.25b this period but we beat that by over 2b isk coming in at 9.28b. This is the first time we've crossed the 9b isk mark for a period. Gross profits were in excess of 1b isk for the second period in a row!

PERIOD 0021 DIVIDEND, BOND PAYMENT AND SALES

This period we delivered a solid sales session delivering 1,163 new ships to customers. This is a sales record for us at Sovereign! Tech II component sales did very well for the second period in a row bringing in $830,055,361 isk in gross revenue and turning in a profit of 29.75% this period.

Ship sales skyrocketed to the aforementioned record 1,163 sold bringing in $8,453,070,259 isk in gross revenue and returning profits of 9.50% on ships for the period. Overall sales were $9,283,125,620isk and net profit was $841,111,685isk after expenses.

Our overall shareholder dividend this period was the usual 40% which equalled $336,444,674isk or $1,682isk per share which is a 7% return for the two week period!

We paid interest on our bond of $25,766,326isk and a principal payment of $268,622,764isk. Our remaining bond balance is now $1,203,738,734 so it's nearly half paid off already!

MINERAL PRICE UPDATE

Mineral prices stabilized a little and some rose cutting profits but overall it was a buyers market. We purchased a record $10,799,092,073 in minerals this period from markets in three regions. Nearly all have been converted to ships and we currently have a staggering 4b isk in ship inventory on the market and in the factories. This is far and away a record for us and should bring good sales numbers next period as well. Still the ship prices have held steady while minerals have dropped so hopefully that trend will continue.

PERIOD 0022 OUTLOOK

We're projecting sales of 8.5b isk next period but will probably top the 9b mark again realistically. As long as we can keep turning in 6%+ profit margins on ships it's a good time at the Sovereign factory.

TO OUR SHAREHOLDERS AND BONDHOLDERS

Thank you for all your support and trust. We're having a blast here at Sovereign. See you in two weeks.

Zolcan
Chairman/President/CEO
Sovereign Enterprises
"Build it Right!

Posted - 2007.08.16 03:05:00 - [22]

 

Edited by: Zolcan on 16/08/2007 03:05:26

Double Post

Posted - 2007.09.02 05:10:00 - [24]

 

SOVEREIGN ENTERPRISES PERIOD 0023 RESULTS
08/16/2007 to 08/31/2007

Overall sales were down as RL kicked in pretty heavy. We still did over 5b in sales though and turned a nice profit.

PERIOD 0023 DIVIDEND, BOND PAYMENT AND SALES

Ship Sales - $5,336,186,578
T2 Part Sales - $1,210,395,000
Total Gross Sales - $6,546,581,578
Total Materials Cost - $5,957,077,078
Gross Profit - $589,504,500
Broker Fees & Taxes (1.8%) - $117,838,468
Net Profit - $471,666,032
Total Public Dividend (40%) - $188,666,413
Bond Interest Payment - $18,606,823
Bond Principal Payment - $146,476,289
Bond Balance Remaining - $916,770,713
Profit Margin on Ships - 6.07%
Profit Margin on T2 Parts - 21.95%

Overall a decent period considering the slowdown in my activity.

CORP IS CLOSING

I have posted already in another thread that this period 0024 will be our last. Sovereign Enterprises will be closing operations on 09/15/2007 at 2359evetime. At that time we will follow final payment procedures per our charter and as described in the other thread.
Sovereign Enterprises Closing - Announcement Thread
We have enjoyed being a public corporation and being a part of the market community.

PERIOD 0024 OUTLOOK

We should have a similar period to this one next period. As mentioned above we will close after that and in a couple of months I'll return with a new IPO for people to invest in. I'm committed to being small (under 5b total) and I'm committed to keeping it simple. This IPO has been a great learning experience for me and gave me a new lease on Eve when I was thinking of leaving due to boredom. I'm going to look forward to returning with something new in a few months.

See you in two weeks for our final statement and payout.

Zolcan