Simcountry is a multiplayer Internet game in which you are the president, commander in chief, and industrial leader. You have to make the tough decisions about cutting or raising taxes, how to allocate the federal budget, what kind of infrastructure you want, etc..
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Country controlled publics (Kebir Blue)

Topics: Help: Country controlled publics (Kebir Blue)

ManseEverard (Kebir Blue)

Monday, November 24, 2008 - 05:42 pm Click here to edit this post
Just took my first state corporation public. What should my target share ownership percentage be? 51? 24? 99? Also, now that its a country owned public, should I seriously boost profit transfer?

Daelin (Little Upsilon)

Monday, November 24, 2008 - 11:21 pm Click here to edit this post
I, too, am highly curious about this. I keep hearing about different numbers (51, 24, etc) for different goals, but it's not very clear to me which I should strive for.

General X (Fearless Blue)

Tuesday, November 25, 2008 - 12:21 am Click here to edit this post
51 percent or higher or else someone else will take of your corporation if they have more shares than you.

Slare (Golden Rainbow)

Tuesday, November 25, 2008 - 01:58 am Click here to edit this post
51% guarantees you retain ownership.

If your corp is in good shape, you'll see your stock split several times soon after IPO. Hang out at 85% or something high while this happens...splits usually happen around 100$/share.

Pretty soon you'll have over 1 billion shares, you corp will be worth a lot more, and eventually the stock price will start to level out, or at least stop growing so fast.

At this point you have choices. Hold firm, sell shares for cash if you need it, or aim for "truly public" wit 24.99% ownership

51% guarantees ownership...but if you are willing to give up guaranteed ownership, go down to 24.99, the corp becomes "truly public" and will upgrade itself beyond the normal maximum...this has several very beneficial effects: Higher salaries, more profit, more taxes\profit sharing\dividends. I haven't gotten to this point yet, but I have a pair of corps on the way there, and I'll be finding out soon if its worth it.

As long as no other shareholders exceed you 24.99%, you still run the company. If someone really really wants to take ownership, they will have to buy probably a billion shares to exceed your they do so the stock proce is going to go up and its not going to be cheap for them. But remember two can play at that just have to buy enough shares to get above him, or back up to 51%.

Frankly I don't see this happening often. Maybe don't do this with your weapons firms or other critical corporations, but for most companies I don't think you run too much risk of losing control. Maybe someone can correct me on that...

Stuart Taylor (Little Upsilon)

Tuesday, November 25, 2008 - 02:00 am Click here to edit this post
Damn - you typed that while i was typing mine. :)

Yours explains it better, so to avoid confusing issues, i have deleated mine :(

Daelin (Little Upsilon)

Tuesday, November 25, 2008 - 09:20 am Click here to edit this post
But wouldn't you make less money overall owning 24.99% of a highly profitable company versus say 80% of just a very profitable company?

Travis Goeringer (White Giant)

Tuesday, November 25, 2008 - 05:25 pm Click here to edit this post
If I understand it correctly, you will have the same type of taxes a private corporation runs, on top of the dividends. If you have a tax rate above 0, you will also recieve that as well. The only thing that you lose is the profit transfer, which is offset by the "progressive" tax and the increased quality and productivity.

Angus88 (Little Upsilon)

Wednesday, November 26, 2008 - 08:57 am Click here to edit this post
Not if your going to base your economy on those corps Daelin. Set tax to 75%, that way you will get the majority of profits even if you only own 24.99%, the downside is it will definitely discourage CEOs from operating in your country. If you have CEO in your country your better off selling all your shares so gamemaster enterprises automatically takes over. Unless your going to have high corporate tax its not worth controlling country controlled public's. Any public your country controlled will NOT bring in any more revenue then a state corporation, so making it public in the first place will loose you revenue if your not planning to either make it truly public with high tax, or sell it off to whoever wants it (if no one wants it GM Enterprises takes if off your hands). If your going to do the second option your better off saving the hassle and just advertise for CEO investment.

C.Rabs (Golden Rainbow)

Saturday, December 20, 2008 - 12:00 am Click here to edit this post
damn i should have read this shiv earlier. So how do you sell these corps? i sell off chunks of the shares and go back a while later and some how i have bought them all back untill i get to 85% again. it took me a while to notice this so it is quite annoying.

Alexander Platypus (Little Upsilon)

Wednesday, December 24, 2008 - 04:45 am Click here to edit this post
c.rabs, go to share market --> set portfolio targets

those are probably at the default 85%. set it to 0% to sell the public corps. i would recommend 24.99% for truly publics though.

Illo 0210 (Kebir Blue)

Wednesday, December 24, 2008 - 06:00 am Click here to edit this post

You are persistent C.Rab! that back and forth would have driven most players insane...

"what the F.....K. I bought them again!" "AAAAhhhhhhh" "what do these shares want from me!"

C.Rabs (Golden Rainbow)

Wednesday, December 24, 2008 - 07:01 am Click here to edit this post
it was frustrating for sure. i should have read the doc's closer. thanks for the guidance 78^)*

ManseEverard (Kebir Blue)

Wednesday, December 24, 2008 - 07:18 pm Click here to edit this post
So, running truly publics at 75% tax is better then running country owned publics with 85% of the shares at 0% tax, even if there's high profit sharing? And running true publics at high profit sharing but 0 tax is not a good idea?

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