Some of the readers of my previous article on Sexy Stocks were wondering is there were any publicly traded stocks in the bordellobrothel business. These is actually one, located in Australia. On May 1, 2003, The Daily Planet(ASX:DPL), a world famousbordello in Australia went public at 50 Australian cents per share. The stock was structured so that it owned the property that the business operated out of. The stock more than doubled the first day of trading on the Australian Stock Exchange.
The company has expanded by acquiring a "gentlemen's club" and other real estate. On June 23, 2004, the company changed its name to Planet Platinum Ltd. (ASX:PPN). It is now trading at 11.5 Australian cents per share.
1 comment:
Hi Stocker! I'm wondering something, you seem to have an insight in the market so: what is it that makes the shares of planet Platinum ltd. go up and down? could you give some kind of analysis? does that depend on how the club is doing and who is actually investing, is it men who visit the club? do you find it worth investing in?
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