Rolling Stock PBM

Game: 3 (full) – Turn: 8 – Phase: 3 (share trading and auctions)

(players in player order)

name	cash	value	companies
Dirk	$6	$80	BSR[40]	–	–	–	–	–	*1	–	–	–	–
Richard	$21	$78	FS[37]	–	–	–	–	–	–	*1	–	–	–
Björn	$8	$80	–	*4	–	–	–	–	–	–	–	–	–
Ocki	$16	$71	BR[33]	–	–	*1	–	–	–	–	–	–	–
Georg	$19	$75	–	–	*2	–	–	–	–	–	–	–	–
			Shares owned by bank	3	1	2	–	–	2	5	–	–	–
			Shares issued in total	7	3	3	–	–	3	6	–	–	–
			Share price	$18	$28	$22	–	–	$34	$20	–	–	–
			Treasury	$13	$36	$12	–	–	$57	$54	–	–	–
			Income	+$31	+$12	+$12	–	–	+$18	+$24	–	–	–
			Book value	$121	$85	$66	–	–	$108	$148	–	–	–
			Market capitalization	$126	$84	$66	–	–	$102	$120	–	–	–

Treasury: $33
Income: +$11
Companies:
- SNCF[24] ($12–$30) +$6
  - +$2: BD[12]
  - +$4: B[22] SBB[26] DR[29] RENFE[32] FS[37] E[43] HA[47] CDG[56]

(in share price order)

President: Dirk
Share price: $34 (max payout per share: $11) — 3 shares issued
Treasury: $57
Income: +$18 (base income: +$18 — synergy bonus: +$0 — cost of ownership: +$0)
Book value: $108 — market capitalization: $102
Needs at least $111 book value (-$3) for target share price $41 ("double jump").
Needs at least $102 book value (+$6) for target share price $37 ("single jump").
Needs at least $93 book value (+$15) for target share price $31 ("single drop").
Otherwise, target share price is $28 ("double drop").
Companies:
- NS[21] ($11–$27) +$6
  - +$2: OL[14] PR[19]
  - +$4: B[22] DR[29] E[43] HA[47] HR[49]
- SJ[30] ($15–$42) +$12
  - +$4: BSR[40]

President: Richard
Share price: $20 (max payout per share: $6) — 6 shares issued
Treasury: $54
Income: +$24 (base income: +$27 — synergy bonus: +$9 — cost of ownership: -$12)
Book value: $148 — market capitalization: $120
Needs at least $132 book value (+$16) for target share price $24 ("double jump").
Needs at least $120 book value (+$28) for target share price $22 ("single jump").
Needs at least $108 book value (+$40) for target share price $18 ("single drop").
Otherwise, target share price is $16 ("double drop").
Companies:
- BME[1] ($1–$2) +$1
  - +$1: KME[5] BD[12] HE[15] PR[19]
- KME[5] ($3–$7) +$2
  - +$1: BME[1] MHE[8] OL[14] HE[15] PR[19]
- HE[15] ($8–$19) +$3
  - +$1: BME[1] KME[5]
  - +$2: BD[12] BY[13] PR[19] DR[29]
- PR[19] ($10–$24) +$3
  - +$1: BME[1] BSE[2] KME[5] AKE[6] BPM[7] MHE[8]
  - +$2: OL[14] HE[15] SX[16] MS[17] DSB[20] NS[21] B[22] PKP[23] DR[29]
- B[22] ($11–$28) +$6
  - +$2: PR[19]
  - +$4: NS[21] SNCF[24] DR[29] E[43] HA[47] HR[49]
- RENFE[32] ($16–$45) +$12
  - +$4: SNCF[24] MAD[45]

President: Björn
Share price: $18 (max payout per share: $6) — 7 shares issued
Treasury: $13
Income: +$31 (base income: +$31 — synergy bonus: +$18 — cost of ownership: -$18)
Book value: $121 — market capitalization: $126
Needs at least $140 book value (-$19) for target share price $22 ("double jump").
Needs at least $126 book value (-$5) for target share price $20 ("single jump").
Needs at least $112 book value (+$9) for target share price $16 ("single drop").
Otherwise, target share price is $15 ("double drop").
Companies:
- BSE[2] ($1–$3) +$1
  - +$1: BPM[7] SX[16] MS[17] PR[19]
- AKE[6] ($3–$8) +$2
  - +$1: BPM[7] MHE[8] OL[14] MS[17] PR[19]
- BPM[7] ($4–$9) +$2
  - +$1: BSE[2] AKE[6] MHE[8] SX[16] MS[17] PR[19]
- MHE[8] ($4–$10) +$2
  - +$1: KME[5] AKE[6] BPM[7] OL[14] SX[16] MS[17] PR[19]
- OL[14] ($7–$18) +$3
  - +$1: KME[5] AKE[6] MHE[8]
  - +$2: MS[17] PR[19] DSB[20] NS[21] DR[29]
- MS[17] ($9–$21) +$3
  - +$1: BSE[2] AKE[6] BPM[7] MHE[8]
  - +$2: OL[14] SX[16] PR[19] DSB[20] PKP[23] DR[29]
- PKP[23] ($12–$29) +$6
  - +$2: SX[16] MS[17] PR[19]
  - +$4: KK[25] DR[29] SŽD[31] BSR[40] HH[48] FRA[58]
- SŽD[31] ($16–$43) +$12
  - +$4: PKP[23]