Last night after reading this post about farmland prices in various countries I went to pinksheets.com to see if I could find any Romanian farming companies (Romania was one of the countries mentioned). While I am unlikely to buy a Romanian farming stock I am quite likely to want to learn about one.In going to the site I found a new (to me) functionality on the site. I typed Romania in the search box which lead to a page where I could search the site by country so while there were no Romanian stocks this page showed me there was one company from Uruguay, two from Zambia and two from Papua New Guinea among many others.
Not all of these can actually be bought but many could be. This is potentially more useful than ADR.com or BNYADR.com as pinksheets.com includes ordinary shares traded on the US pinks. The picture is from the website of Deep Sea Supply (DSSPF) which is a Cypriot shipping company.
Obviously time spent doing this would be for people who are interested enough to want to spend the time learning about something like Ukrnafta (UKRNY) which is a Ukrainian oil and gas company.
3 comments:
Arable land and the structure(s) to produce from it is a promising but very difficult investing arena even if you have contacts directly involved in the business. From a passive investing standpoint it's probably going to require significant financial intermediation to gain any stability in the space that's for sure.
Now and then of course it is possible to take a flier on an individual company just to see where it goes ...if the price is right: In my case that was a Chinese farming conglomerate (pink sheets); hasn't done much yet but given how much land they own -- somewhere between 400 and 1000 sq miles but it's not easy to figure -- and the size of the operation (as well as I can determine it which it is not particularly well) it might do better; maybe much better.
And maybe even better yet if RMB appreciates against the $USD as it bloody well should.
I think almost all investors would be well advised to never, ever buy a company listed on the pink sheets. They often have limited financial reporting and low volumes, and are sometimes involved in stock manipulation schemes. Why would you go there? If you put a small slice of assets into one of these stocks you are taking on more risk for a tiny bit of incremental profit. If you put a lot of your assets there you are just gambling.
i think you are confusing pink sheets and bulletin board
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