In the past two years, Los Angeles has gradually replaced Johannesburg as the distribution center for capital transactions throughout southern Africa.
Rand Bank played a huge role in this. Since Rock established the agricultural cooperative in Johannesburg twenty years ago, the agricultural cooperative has carried out some financial functions.
Then with the establishment of the Rand Bank, Southern Africa's finance became more and more mature.
After the Bank of Rhodesia and the Nyasaland Company appeared one after another, securities trading also became a matter of course.
In fact, during the World War, the Rand Bank took over some of the treasury bonds issued by the British government and the federal government of Southern Africa. Most of these treasury bonds were claimed by large companies in Southern Africa and were not circulated in the market.
The Los Angeles Stock Exchange is located on Ziwei Road between the Nyasaland State Government and the Los Angeles City Government. This road is named after the large Ziwei trees planted on both sides of the road. Most of the people living around it are civil servants from the state and city governments.
, as well as corporate executives of large companies.
Compared with the London and New York stock exchanges, the Los Angeles Stock Exchange has stricter reviews of corporate listings.
To be listed on the Los Angeles Stock Exchange, a company's pre-tax profits must reach R100,000, a minimum of 100,000 shares must be issued and sold, and the company's financials must be published regularly before its shares are eligible to be listed on the exchange.
According to the requirements of the Los Angeles Stock Exchange, there are only 65 companies eligible to be listed on the Los Angeles Stock Exchange, more than half of which are related to Roque. The industries under Roque's name are very popular on the Los Angeles Stock Exchange. Previously, Nigeria
Asalan Airlines and Edward Shipbuilding have successively publicly offered 1 million shares to the market, and these shares were sold out as soon as they appeared on the market.
October 14th is Monday. At six o'clock in the morning, the entrance to the stock exchange is crowded with people rushing to buy stocks. Today, Nyasaland Military Industry also publicly offered 1 million shares. People who knew the news came to the stock exchange early.
, hope to get on the bus in time.
"As long as the property is under the Lord's name, you can buy it with confidence. You can buy as much as you have. The Nyasaland Airlines I bought has been on the daily limit for three times in a row. I don't know how much I can buy today -" Jordan from Rand Bank
He came to the stock exchange early. He had previously purchased 120 shares of Nyasaland Airlines at a price of 1.5 rand per share. Now the shares have risen to 1.99 rand per share, and the value has increased from 180 rand when he bought it.
The current price is R238.8, which is much better than going to work.
"Needless to say, you can buy as much as you can -" Walter, who also works at Rand Bank, was full of envy. He and Jordan specifically asked for leave today to buy stocks. The bank staff are more flexible in thinking and are interested in buying stocks.
This novel way of managing money is quite acceptable.
Jordan looked at the crowd behind him and couldn't help but sigh. Working at Rand Bank did not provide Jordan and Walter with many conveniences.
The purpose of establishing the stock exchange in Los Angeles is to promote the circulation of funds in southern Africa, so it has to attract scattered funds from the society. If there are no restrictions on Rand Bank and Nyasaland Company, then I am afraid that these stocks will not be able to exist at all.
There is no chance to circulate to the market, and it will be digested directly internally.
"It's best to be careful. The stock will not always rise. Nyasaland Military Industry is not doing well recently. I only prepared 50 rand this time. If it can rise, it's best. If it doesn't, it doesn't matter. It can never fall below
Issue price." Jordan has a good attitude. The recent situation of Nyasaland Military Industry is not very good, but it is not like it is about to go bankrupt as rumored by the outside world.
During the World War, Nyasaland's military industry soared, providing weapons and ammunition for almost the entire Allied Powers.
With the end of the world war, the military industry has generally shrunk. Nyasaland Military Industry also closed several factories a while ago, and only the most core departments have been retained.
In order to survive, Nyasaland's military industry has also begun to work hard to save itself. While developing new products, it is also stimulating demand in the civilian market. Not to mention other aspects, tractor production has been rising steadily and is very popular in the market.
Of course, there are some things that the outside world does not know. Although the world war is over, the world's demand for weapons and ammunition has not disappeared. The demand in some areas has not decreased but increased. Very few people know this information.
At eight o'clock in the morning, the stock exchange officially opened, and huge crowds of people immediately poured in. All the trading desks were crowded with people.
In the large client trading room on the second floor, traders Duke and Liang Chen of Nyasaland Company were drinking coffee. They looked at the bustling trading floor through the large floor-to-ceiling windows, and they felt a sense of superiority.
"Have you heard? Yesterday, a guy from Europe bought 150,000 shares of Nyasaland Military Industries at one time." Duke has inside information. Nyasaland is a member of the Los Angeles Securities and Exchange Commission.
.
The Los Angeles Securities and Exchange Commission is the governing body of the Los Angeles Stock Exchange. This governing body consists of seven members. Nyasaland Corporation, Rand Bank South Africa and the Johannesburg Mining Alliance are all committee members.
The stock exchange must not only attract hot money, but also attract European capital.
Previously, because there was no stock exchange in Southern Africa, companies had to go to London if they wanted to go public.
Let’s not talk about other companies. The core companies under Rock’s name have never been listed. However, the companies under Rock’s name are in good operating conditions and almost all of them are high-quality companies. Therefore, European capital has long been interested in the companies under Rock’s name.
Watching with eager eyes.
Now that the companies under Roque's name have finally been listed on the Los Angeles Stock Exchange in batches, European capital has caught wind of this, and anyone with the ability wants to get a piece of the pie.
"Nyasaland's military industry is pretty good, but the issue price is a bit expensive. It's really courageous to buy 150,000 shares at once -" Liang Chen sighed, Europeans are indeed rich.
The current stock trading is not standardized enough, and prices fluctuate greatly. When Nyasaland Air was listed, one share was only 1.5 rand. When Nyasaland Military Industry was listed, one share was sold for 4.5. This does not mean that Nyasaland
The value of Nyasaland Military Industry is three times that of Nyasaland Aviation, which only shows that the market has relatively high confidence in Nyasaland Military Industry.
Just last month, a French civil airline's plane crashed while flying from France to North Africa. The plane disappeared without a trace and was said to have crashed into the Mediterranean Sea. No one on board survived.
This accident directly affected the stock prices of all civil airlines around the world. Fortunately, the aircraft in which the accident occurred was not produced by Nyasaland Airlines, so the impact on Nyasaland Airlines was not significant.
Nyasaland Military Industry is an old company. Starting from the first two bullet production lines, Nyasaland Military Industry has grown rapidly and can produce all military weapons including tanks. Although the world war has ended, as long as there are interest disputes, the war will
It will not disappear, so the market is still optimistic about the Nyasaland military industry.
"RMB 4.5 is not that expensive, doubling it is not expensive. If you don't believe it, wait until Rand Bank goes public. If it's less than R20, I'll buy you a drink." Duke has confidence in Southern African companies. The current stock market is
When providing benefits, you must always show temptation to stimulate real targets to join the game. It will take at least a few years for the stock exchange to truly show its power.
By then, the Los Angeles Stock Exchange may also become a sad place for European capital.
Not surprisingly, although the shares issued by Nyasaland Military Industries were priced higher, within two hours, all the shares were sold out. At the close of the evening, the shares of Nyasaland Military Industries also reached their daily limit.
Coming to market in three days is Nyasaland Heavy Industries.
Also on October 14th, Binga Forestry from the Kingdom of Mozambique submitted a listing application to the Los Angeles Securities and Exchange Commission.
In principle, the Los Angeles Stock Exchange does not accept listing applications from companies outside Southern Africa at this stage.
However, the relationship between the Kingdom of Mozambique and Southern Africa is special. Binga Forestry is the largest forestry company in the Kingdom of Mozambique. Most of the timber is exported to Southern Africa and it has close cooperation with many companies in Nyasaland, so this application was approved.
Provides the committee with an opportunity for public review.
Binga Forestry hopes to publicly issue 1 million shares on the Los Angeles Stock Exchange at a price of 0.5 rand per share. The funds raised will be used to plant fast-growing forests to continue to provide more timber to southern Africa.
"The price of 0.5 rand is too high. The stock price of Nyasaland Air is only 1.5. Even if Binga Forestry owns the entire Binga Mountain, the stock is not worth 0.5." Kleister, a representative of the Johannesburg Mining Union, directly objected.
Binga Forestry combined is not worth half a million.
"You can't say that. The publicly issued shares of Nyasaland Airlines only account for 5% of the total shares, while the shares issued by Binga Forestry account for 20% of the total shares. The price is quite reasonable.
"Binga Mountain not only has forestry resources, but also rich mineral resources." Jia Qun from Rand Bank is interested. Binga Forestry was originally invested by Rand Bank.
After the establishment of the Kingdom of Mozambique, it relied on capital from Nyasaland and Rhodesia to survive. When Zhazha was alive, he would visit Roque in Los Angeles every year. Now that Zhazha has passed away, the little king still
There is no adult, and the regent is Andy Sapir, the Prime Minister from Nyasaland.
Andy Sapir is already the fourth Prime Minister of the Kingdom of Mozambique. During the World War, the Kingdom of Mozambique also sent servant troops to participate in the Southern African Expeditionary Force. A total of nearly 50,000 people died in the battle.
The current Kingdom of Mozambique has a domestic population of approximately 1 million. After the end of the world war, there were voices in southern Africa to directly annex the Kingdom of Mozambique, but this was not implemented.
There is no urgency about this issue now. Just like Madagascar, the time is not ripe yet. Forcible annexation will arouse the vigilance of European countries. In a few years, when European countries will have no time to take care of themselves, it will be easier for southern Africa to operate.