The Swamp Farm Stock Exchange is in the Big Apple Orchard on Fence Street. Outside the exchange building there is a large statue of a pig.
The red chickens have been investing most of their egg money in Pig Trump Properties. It had originally IPO’d back in 2012 – but there had been little interest from investors at that time due to a lack of a strategy and business plan.
However, a lot of the red chickens bought shares in November 2016 based on extravagant promises about future profits made during the investor roadshows.
The share price of Pig Trump Properties peaked in late January 2017 at 45. It got as low as 35 back in December 2017 and is now 38.
Pig Trump and his management team have been desperate to get the share price moving again.
The original plan was for the head of investor relations to state that the profit was more than the profit of any other company ever on the SFSX.
But while the investor outreach seemed to be resonating with existing red chicken shareholders, it has been pretty unsuccessful as a means of finding new investors. Which together with failed new product launches in the Virginia Paddock and the Crimson Tide Paddock, and an ongoing investigation into share price manipulation by traders from Bear Farm, has continued to batter the share price.
And so Pig Trump and his management team cut costs by sacking the regulatory and environmental teams. Although unfortunately cost savings measures have been blunted by the need to double the size of the legal team.
Finally, after some effort – Pig Trump Properties managed to raise a large loan from The Bank of Future Generations. That loan has now been used to buy back shares from the twenty largest shareholders.
But despite all this effort, including a 90 minute speech by Pig Trump at the Annual General Meeting on Tuesday, and while the stock is seemingly popular with most existing shareholders, the share price won’t move higher than 38!
Which is very worrying for those directors up for election in November.
But is even more worrying for the red chickens who invested with such high hopes back in November 2016.
Will the red chickens hold, or double down – or take their losses?