Trop-X Closing Prices for week ending 09th June 2017 |12 June 2017
Trop-X Closing Prices for week ending 09th June 2017 |
||
Company Name |
Symbol |
Price |
Bodco Ltd |
BOD |
SCR24.00 |
Cedarwood International Investments Limited |
CIIL |
USD1.00 |
Sacos Group Ltd |
SAC |
SCR 120.00 |
Sea Harvest Investment Plc |
SHI |
USD1.00 |
Seychelles Breweries Ltd |
SBL |
SCR75.00 |
Southchester RF Limited |
SCRF |
ZAR109.00 |
WM Med 5 Limited |
WMUSM5 |
USD1.00** |
WM Aus Res 1 Limited |
WMAUR1 |
AUD1.00** |
WM Cypress Ridge Limited |
WMCR01 |
USD1.00 |
SA Res 1 Zero2One Limited |
WMSAR1 |
ZAR1.00 |
** Subscription price
If you are interested in opening a trading account or if you have certificated shares in SACOS Group Ltd or Seychelles Breweries Ltd please get in touch with one of our two broker members who can assist both in English and Creole:
Constant Capital (Seychelles) Ltd ‒ 434 6820 or email info@constant.sc
PKF Capital Markets (Seychelles) Ltd – 4346770 or email pkfcapital@pkf.com
The history of securities exchanges
There are many stories about where and how stock exchanges started; most of these stories have certain common threads.
One such story originates from Europe in the 1600s with the charted voyages to the East Indies for spice, one of the most expensive ventures undertaken at the time. These ventures had significant risk of not succeeding but if successful they were hugely profitable. Realising that few explorers could afford to conduct an overseas trade voyage, companies were formed to raise money from investors. Investors were people willing to put money toward these high risks, high reward ventures.
Once money had been put toward a venture, people would gather under a tree overlooking the harbour to keep an eye on the departing vessel. As the vessel was leaving the harbour the investor’s expectation of receiving his share of the profit would be at its lowest and therefore the “share price” would be at its lowest as well. Once out of the harbour and on its way the “share price” would start to climb, especially when buoyed on by good reports from other ships that had seen your ship move closer and closer to its destination.
The closer your ship got to complete its journey the higher the “share price” or value would get. The excitement of a successful venture would create a sudden flutter of buying and selling, people trying to sell their shares of non-successful ventures and people increasing the price of their ‘shares’ in successful ventures and selling them on.
There are many such stories regarding the makings of an exchange. The concept of investing in order to finance expensive, risky ventures has always been the inspiration behind the establishment of the original exchanges. Shareholders could share in the profits and losses of the company (hence the word: share). The risk did not sit with just one shareholder.
An investor could purchase shares in several companies so they could begin managing their own risk. The establishment of an exchange was born out of a necessity to expand and explore various new markets as the world developed. Today exchanges remain very close to the original concept giving opportunity for growth, investment and the spreading of risk.