Many of the stocks that I profile on this blog are not exchanged traded. That means they trade on the pink sheets, or the over the counter market. Prices are set by quotes obtained from brokers. Some unlisted stocks report financials to the SEC or OTC Markets. Other unlisted companies are completely dark, essentially private companies with a portion of the float available for investable by the public.
Up to now obtaining information on the darkest companies was a tough task. An investor had to place an order and wait sometimes months before getting a fill. Then they had to call the CFO and ask for a copy of the latest financials. The process is tiresome and tedious, especially if the company isn't worth a further investment.
Unlistedstocks.net solves this problem. The site is an online database of unlisted stocks. The database allows users to view updated financial information about unlisted companies. In addition users can screen the database for specific criteria they might be interested in. Users are encouraged to comment on companies as well adding additional information such as blog posts, new articles, or general insights.
I wrote the entire site myself, it was born out of an idea I had for a community of unlisted stock investors back in April. I am not a coding guru so I favored simplicity where possible. The result is a very fast and clean site with just the information you need.
How to join?
There are two ways to join. The first is to sign up as a user, pricing for users can be found here. This option is appropriate for most investors.
The second way to join is as a contributor. A contributor is someone who might already invest in this space, and in exchange for financial information on a company not yet in the database the user receives a discount on their subscription price. Keeping the contributor rate is easy, just upload an updated annual report for the company you initially submitted and your discount will remain intact year to year.
One final note for contributors, no bank stocks will be accepted to the database. I have a second project focusing specifically on bank stocks, Unlistedstocks.net is non-bank stocks only.
In celebration of the Unlistedstocks.net launch I'm offering a coupon for the next week (expires 12/10/12) to readers of Oddball Stocks. When you signup for Unlistedstocks.net use the coupon "oddballstocks" for 10% off.
Some of the companies in the database are expensive with share prices in the hundreds to thousands of dollars per share. You could end up spending $1,000 for a share to learn the company isn't worth an investment. Do this often enough and you'll have thousands of dollars invested just to get information.
Instead of spending thousands of dollars to get this information you could get it for just a few hundred dollars on Unlistedstocks.net. To buy one share of every stock in the database would currently cost $8,649.26, that's a lot of money just to find out if these stocks are worth buying. You would have to subscribe to Unlistedstocks.net for 29 years before it would be cheaper to do this on your own.
I would be surprised if you didn't make your subscription back from an investment in some of the companies in the database. Incidentally there's a company I didn't put in the database because as I was researching them for entry I noticed they were being taken private. The company is going private for $4.05 a share and shares trade between $2 and $3, this is an inefficient area of the market for sure!
If you want to purchase this through your company and need an invoice please email me. The price is low enough you could probably just sneak it through your expense account.
Here is a typical detail page for a given company:
If you like a company you're looking at you can always add them to a watchlist. The watchlist page is a great place to keep notes and thoughts while researching a given company.
If going through the database one by one isn't your style you can run a pre-set screen, or generate your own custom screen with specified criteria.
All of the information for each company is exportable to Excel using the following icon:
Here is the Excel spreadsheet generated for Goodheart Wilcox:
Looking for more information beyond what's in this post? Have a question you want answered directly, email me about Unlistedstocks.net.
Congratulations, it looks great!!ReplyDelete
Have you concentrated only US companies or may one find companies from other countries too ?ReplyDelete
The goal of the site was to give financial information on companies that are unlisted and make that information hard to get. I'm not aware of many other countries that have unlisted markets. I know New Zealand does, but it's not very big.Delete
Any countries in particular you had in mind? I'm open to expanding this international if possible.
fanatastic idea. May I ask what technical platform you use for this ?
Sure, I use PHP for the web scripting and the site is backed by the MySQL database. I didn't use a framework for the code, I just wrote my own.Delete