NationStates Jolt Archive

PTOLEMAIS - As part of its recent reforms, the Ptolemais Stock Exchange has decided to allow foreign brokerage firms the right to trade a limited selection of the stocks listed on the Main Board. This is part of an experiment to see whether foreigners will be willing to invest in the assets of the Empire, and whether it will be of benefit to the firms of the Empire. As part of the experiment, five stocks, as well as two fixed interest bonds will be able to be traded by foreign brokerage firms, and therefore their customers. Individual investors will be limited to owning a maximum of one percent of a company's stock.

The stocks and their descriptions follow.

Helios Banking Corporation (HBC) - The Helios Banking Corporation is the Empire's third largest bank, and its largest non currency issuing bank. It was established in 1856 by Prince Edward Helios, the brother of then Emperor George Helios. Today it has 1560 branches throughout the Empire; and the bulk of its clientele is based in New Ulster Island. It is also the eleventh largest company listed on the main board.

EBITDA (2006/07): GD16.9 billion
PROFIT (2006/07): GD5.6 billion
REVENUE (2006/07): GD54.2 billion
DIVIDEND (2006/07): 1/-
MARKET CAPITALISATION: GD97.6 billion
NUMBER OF SHARES: 150 billion
LAST SALE PRICE: 13/-
P/E RATIO: 17.4
DIVIDEND YIELD: 7.7%

Northern Insurance Corporation (NIC) - The Northern Insurance Corporation is the Empire's second largest insurer. It was established in 1909, and today has offices in fifteen of the twenty largest cities in the Empire. The bulk of its clientele is based in the northern part of the Empire. It is the thirteenth largest company listed on the main board

EBITDA (2006/07): GD17.0 billion
PROFIT (2006/07): GD6.9 billion
REVENUE (2006/07): GD42.2 billion
DIVIDEND (2006/07): 5 drachma
MARKET CAPITALISATION: GD89.1 billion
NUMBER OF SHARES: 250 billion
LAST SALE PRICE: 7/1
P/E RATIO: 12.9
DIVIDEND YIELD: 7.0%

Eastern Oil and Refining (EOR) - Eastern Oil and Refining is the Empire's largest explorer for oil, as well as the largest refining firm. It was established in 1946 as a State Corporation, and was later privatised in 1983. Due to the discovery in recent years of massive oil and gas deposits off the East Coast of the Empire, revenue has soared. It is the sixteenth largest company listed on the main board

EBITDA (2006/07): GD21.0 billion
PROFIT (2006/07): GD5.8 billion
REVENUE (2006/07): GD62.2 billion
DIVIDEND (2006/07): 4/5
MARKET CAPITALISATION: GD82.5 billion
NUMBER OF SHARES: 25 billion
LAST SALE PRICE: GD3 6/-
P/E RATIO: 14.2
DIVIDEND YIELD: 6.8%

Telecom of Alexandrian Ptolemais (TAP) - Telecom of Alexandrian Ptolemais is the Empire's second largest telecommunications company. It was established in 1983 by the Ptolemais, Alexandria and Winchester County Councils. It was primarily designed to give high quality telephone access to those areas; and was a pioneer in the provision of internet, EFTPOS and mobile phone networks. It was listed on the main board in 1988, and the County Councils still collectively own 34.4% of the company. It is the twentieth largest company listed on the main board.

EBITDA (2006/07): GD13.0 billion
PROFIT (2006/07): GD3.9 billion
REVENUE (2006/07): GD62.2 billion
DIVIDEND (2006/07): 0.5 drachma
MARKET CAPITALISATION: GD77.8 billion
NUMBER OF SHARES: 1000 billion
LAST SALE PRICE: 1/6
P/E RATIO: 19.9
DIVIDEND YIELD: 3.1%

New Ulster Properties (NUP) - New Ulster Properties is the Empire's fourth largest property investment trust. It was established in 1946, and today owns a substantial amount of the important real estate in New Ulster Island. Among its important buildings is the New Ulster Complex, which includes the 350 metre tall New Ulster Tower, some four miles from the centre of Ptolemais. It is the thirtieth largest company listed on the main board.

EBITDA (2006/07): GD18.0 billion
PROFIT (2006/07): GD4.5 billion
REVENUE (2006/07): GD42.2 billion
DIVIDEND (2006/07): 1 drachma
MARKET CAPITALISATION: GD66.8 billion
NUMBER OF SHARES: 500 billion
LAST SALE PRICE: 2/7
P/E RATIO: 14.8
DIVIDEND YIELD: 3.7%

5% Government Bonds Maturity 2015 (GB55) - This is one of the safest fixed interest investments available on the main board.

INTEREST RATE: 5%
NUMBER OF BONDS: 500 billion
BOND PRINCIPAL: GD5 trillion
LAST SALE PRICE: GD9 9/-

Ptolemais County Council Bonds Maturity 2030 (PC30) - This is a low-risk fixed interest investment available on the main board. Since it was used in the development of the Ptolemais County Railway, it is secured against the assets of that entity

INTEREST RATE: 8%
NUMBER OF BONDS: 50 billion
BOND PRINCIPAL: GD250 billion
LAST SALE PRICE: GD5 1/-

The Ptolemais Stock Exchange would also like to inform all new investors that the currency of the Empire, the Gold Denarius, is based on a Gold Standard. Four Gold Denarii purchase One Ounce of Gold, and that would therefore be the exchange rate we use.

ErininArms the leading manufacturer of Arms for the nation of Skibereen in the interest of diversification wishes submit the follow purchase order for the PSE.

Purchase Order(in GDs)
Share Amount Stock Listing (calculated purchase price)
1,000,000 HBC (13,000,000GD)

2,000,000 NIC (14,000,000GD)

1,000,000,000 EOR ( 6,000,000,000GD)?

500,000,000,000 TAP (If i read the price correctly
83,333,333,333GD--If not then please clearify price)

1,000,000 NUP (Clearify Price)

GB55 90,000,000GD

PC30 50,000,000GD


ErininArms also would like further information on the requirements for placement on the PSE.
As well as requirements for a brokerage seat on the PSE.

OOC: Sorry about that; the Empire uses a variation of the old Pounds Shillings and Pence system.

Essentially 10 drachmas equal a sesterius. 20 sesterces equal a Gold Denarius.

Essentially, all Gold Denarius prices have GD in front of them, Sesterces have / after the price, and Drachma figures have the full word. Sesterces and Drachma is shown x/y.

If this is very confusing, allow me to do the maths

IC:

To: Erinin Arms - CEO

We welcome your purchase of shares and bonds within the Ptolemais Stock Exchange, however, due to board restrictions, you may only purchase one percent of the stock in any company, or bond. Therefore, we cannot yet process your purchase of Eastern Oil and Refining, Telecom of Alexandrian Ptolemais, the 2015 Government Bond, or the 2030 Ptolemais County Bond.

However, we can process your order for shares in the following corporations. These are the shares ordered and their total value.

Helios Banking Corporation - 1 million shares for 650,000 Gold Denarii
Northern Insurance Corporation - 2 million shares for 710,000 Gold Denarii
New Ulster Properties - 1 million shares for 135,000 Gold Denarii

This would equate to GD 1,495,000 - or 373,750 ounces of Gold. In US Dollar terms, this is approximately $243 billion.

We would also be interested in allowing your corporation the ability to list on our main board. All we would need is financial information, as well as references to share prices and your market capitalisation on any existing boards.

In terms of getting a brokerage seat; you have one of two options.

Primary Seat - A primary seat allows your brokerage firm the ability to trade on the main floor, and therefore trade on stocks immediately. However, there are only 1500 primary seats, and they are only auctioned off occasionally; with the most recent primary seat selling in December 2006 for GD43,000 (about US$7 million). After making that payment, your firm does have the seat permanently, and does not have to pay fees

Secondary Seat - A secondary seat allows your brokerage firm access to our computer trading network, however, you only get to purchase stocks after they have been on the floor for twenty minutes. However, you can purchase a seat immediately and they priced at GD99 (about US$17,000) per annum

Signed
Alan Weldon
CEO Ptolemais Stock Exchange