LSX Top 200
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Up 16.1pts (5.0%)
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LSX Hot Stock
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John Sands Building (JSB) are a booming construction company that has
the Û90 million contract for a new steelworks in Nystonia state, and other big builds
nationwide. Floating 30 million shares at Û1.00 three years ago, new management has
invigourated the share price that fell as low as Û0.11 a year ago, they are now worth
Û3.81 at last count -- a 3363% increase. The Û114 million company is destined
for the big time!
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Editorial: The time has come
The time has come for the government to truly stimulate the economy and release the
capital flow controls that currently restrict international investors from buying on the
LSX. Not that this is about the LSX "making money" (we attract only a small fee from sales),
but that the Utanian people simply deserve better, deserve overseas investment, to
generate jobs.
This is the policy of the Conservative party, but the Liberal Nationalist Party as well
as elements in the Democrats blocked the move when they controlled the Parliament, and now
the Peoples-Utani Saedaj government is refusing to open the doors. Why? Because they are
scared of development, or because they want to maintain control over the whole of the
economy? No, because, like the LNP and the Democrats, they don't want to "rush things".
Well, now there is inflation beginning to boom because the exports we produce are making
too much money and that money has to go somewhere: consumption and investment. Prices are
rising nationwide unnecessarily because capital controls are too tight.
If only the country had the time to wait. Remember President Okarvits, its your own
people who are starved of employment because you won't open the door to investment.
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Stock Listing Some of the stocks listed
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BEL . . . . Û142.73
UYU . . . . Û 26.55
SVT . . . . Û 9.43
AKU . . . . Û 56.93
UTT . . . . Û 11.51
LGC . . . . Û 29.51
ANV . . . . Û 77.91
AJM . . . . Û 19.45
JSB . . . . Û 3.81
DAR . . . . Û 1.24
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NEWS
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Belson Procrastination:
More procrastination from a government keen on it, this time over 100 million Belson
shares listed on the Guwimith SX. They can't float them - the price will sink. Especially
in struggling Guwimith. Their only option is sell them to large buyers.
D.A.R.E. Clothing:
The company built by two sisters, the marketing phenomenon, floated very successfully
in July, and is now worth Û18.6 million. Not bad for a former underwear manufacturer.
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© Luka Stock Exchange, 300.
<TECH>
©Mike Ham, 2000. All rights reserved. No reproduction without, at least, tacit approval. ;-)
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