Stock Shark / Börsihai
Börsihai vs investor Toomas
- Stock game with virtual money, where you can put yourself to the test against an investor named Toomas, from Äripäev.
- Test your investment skills and learn from your own actions and those of others
- We are also looking forward to teams taking part (company, school, etc.)
The game will be taking place from 2 October 2017 until 23 March 2018.
Registration 2 weeks prior to and 2 weeks after the start of the game. Participation fee EUR 25, EUR 15 for those 19 and younger.
How does one play?
At the beginning of the game, the player has EUR 290,000 of play money in their virtual portfolio. Money will not be added during the course of the game.
The player’s goal in investing is to attain the maximum value for his or her portfolio by the end of the game.
The winner of the Börsihai vs investor Toomas stock game will be the person whose securities portfolio has the highest market value at the end of the trading day on 23 March 2018.
The Börsihai vs investor Toomas award fund is EUR 10,000.
Would you like to read the digital and paper versions of Äripäev for free for three weeks? Then note this when paying the participation fee.
- The main prize is a trip for two to the general meeting of shareholders of Berkshire Hathaway in Omaha
- A one year subscription to the newspaper Äripäev (or Delovõje Vedomosti)
- Investment related book
Second place portfolio
- A six-month subscription to the newspaper Äripäev (or Delovõje Vedomosti)
- Investment related book
Third place portfolio
- A three-month subscription to the newspaper Äripäev (or Delovõje Vedomosti)
- Investment related book
General terms and conditions
Börsihai vs investor Toomas equity game (hereinafter: the game or the equity game) enables players to invest virtually on US stock markets. The game will run from 2 October 2017 to 23 March 2018 (inclusive). The game may be joined during the pre-defined period in accordance with the provisions under item 3. At the beginning of the game, the virtual portfolio (hereinafter: portfolio) contains 290,000 euros. The player’s objective in investing is to achieve the maximum value of his or her portfolio. The winner of the game will be the owner of the portfolio with the highest market value as at the end date of the game, that is, as at the closing of the trading day on 23 March 2018.
The game is organised by AS LHV Pank (hereinafter: LHV or organiser). The game portal is located at www.lhv.ee/shark.
By joining the game, the player certifies that he/she has reviewed and accepts these general terms and conditions.
The prizes in the game break down as follows:
The winner of Stock Shark gets an invite for two to the Berkshire Hathaway annual general meeting in Omaha, as well as a year’s subscription to the business daily Äripäev (or Delovõje Vedomosti) and a book on investment.
The owner of the portfolio with the second-highest market value gets 3,000 euros, as well as a six-month subscription to the business daily Äripäev (or Delovõje Vedomosti) and a book on investment.
The owner of the portfolio with the third-highest market value gets 2,000 euros, as well as a three-month subscription to the business daily Äripäev (or Delovõje Vedomosti) and a book on investing.
The organiser will contact the prize recipients once the game has ended.
Participation and registration
The equity game is open to participation by all who accept these general terms and conditions. LHV and Äripäev staff may also participate in the equity game but will not compete for prizes. To participate in the equity game, one should register as an LHV user, create an equity game portfolio and pay the participation fee of 25 euros per portfolio. For those 19 and younger participation fee is 15 euros for each portfolio. The participation fee should be paid within three banking days after registration, otherwise the portfolio will be removed from the game. Trades can be done in the portfolio only after the participation fee has been paid. Any players that have joined the game begin with a portfolio of 290,000 euros.
The status of the game may be monitored via the game rankings online at www.lhv.ee/shark. The rankings are updated daily at 7 AM. The first 50 players displayed with their full names.
The 10 best portfolios may be examined for transactions on the day.
Any LHV and Äripäev staff in the rankings are marked as such and do not compete for any prizes.
Only shares included in the Standard and Poors 500 index may be traded. The list of these shares will be published before the game starts, with the organiser of the game entitled to modify the list of the shares subsequently.
There must be no transactions that cannot have been effected in real life (for example, the purchasing or selling of a share in which trading has been halted), with the organiser of the game entitled to cancel such transactions. Any transactions linked to abnormal prices on the stock exchange will be cancelled. It is forbidden to manipulate the market to achieve a better position.
Transaction orders may be issued via the game portal at www.lhv.ee/shark. The game portal is in Estonian, English and Russian. Players will be able to issue orders at limit and market prices. Transaction orders may be issued round the clock.
When transaction orders are issued, an amount in the player’s account is reserved, using the latest current share price in the system and the current currency mid-market rate. In the case of a share sale, the amount from the sale will be converted immediately into euros at the current mid-market rate.
The service charge on transactions in the equity game is 0.1% of the transaction amount.
Any orders at market prices directed at the US market are completed approximately 20 minutes after the order is issued, at the latest price on the market.
On an order at a limit price directed at the US market, the limit price and the latest transaction price have to match.
Any transactions that have gone on hold will be completed at 3-minute intervals, and accordingly a further delay of up to 3 minutes may result. A transaction may go on hold if an order set at a limit price cannot be completed due to the market conditions.
If the share has no last price, the order will go on hold until the close of the day and will be cancelled if no last price has been generated.
On US markets, both purchase and sale transactions are effected at the latest prices.
Timetable of actions
- 7 AM. Market values of portfolios calculated and rankings compiled.
- 4:30 PM. Trading begins on US markets.
- 11 PM. Entry of orders for a given day ends on US markets.
Transaction orders entered after the last opportunity for entering orders for the current day will be postponed until the following trading day.
Shares in the portfolio are re-valued on the morning of the following day, based on the closing prices of the previous trading day. The value of the portfolio is calculated as the aggregate total of the value of the shares and of the available funds in the account. If, at the close of the day or the game, the funds balance is in the negative, it will be deducted from the amount transferred into the account on the following day and from the market value of the shares when the game ends.
Players' rights and obligations
In the event of any misunderstandings or problems, players are entitled to contact the organiser of the equity game by sending an e-mail to email@example.com. In their actions, players must abide by the rules of the game and the principles of fair play. Any disputes concerning any rules of the game will be decided by means of a survey in which all players may participate. The survey will be run on the www.lhv.ee/shark portal, with prior notification about it on the game forum.
Players must register as LHV users using their correct first and last names. Any players registered with incorrect first or last names will forgo their entitlement to compete for any prizes. The player’s user name and portfolio name may be selected freely but must not conflict with good morals and practices.
When registering for the game, the player grants the organiser the right to display the player’s name, user name and portfolio name along with the contents of the portfolio and the transactions.
Organiser’s rights, obligations and liability
The organiser is entitled to make amendments or additions to these general terms and conditions by providing notification of this on the game portal. The price underlying the execution of a transaction order, the price underlying the re-valuation of the portfolio and the list of the securities traded in the game, among other things, are subject to amendment and addition.
The organiser is entitled to remove from the game a player in breach of the rules.
The organiser and the sponsors of the equity game are not liable for any inappropriate or incorrect information, no matter whether due to actions by a participant in the game, or the provision of information to him or her, or programming-related technical or human errors that interfere with the running of the game. The organiser and the sponsors of the equity game are not liable for any consequences resulting from errors, interruptions, deletions or operations in the game, or information exchange delays, communication line faults or access by any unauthorised persons. The organiser and the sponsors of the equity game are not liable for any consequences due to the non-functioning of telephone networks or lines, computer networks, software, e-mail or Internet connection.
The organiser of the game undertakes to respond and make its best effort to resolve any obstacles that occur. If the game should be interrupted due to technical issues, the organiser of the game will not enable the completion of additional or late orders.