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Castle Rushen tops league in shares competition

From left, Dolyn Kiefer (Manx One), Baxter Chamberlain (TT), teacher Jason Moorhouse, Jared Bailey (TT) and Joe Wilson (TT)

From left, Dolyn Kiefer (Manx One), Baxter Chamberlain (TT), teacher Jason Moorhouse, Jared Bailey (TT) and Joe Wilson (TT)

Three teams from Castle Rushen High School (CRHS) are dominating a national competition in which real money is used to trade shares on the stock market.

Shares4Schools is run by the Share Centre in London and the school has entered a team since the competition began in 2003.

But this year teacher Jason Moorhouse said he is blown away by the success of the teams, comprised of Year 12 students, who until last week topped the national league coming first, second and third.

This week, Reigate College has stolen the lead (with a share portfolio worth £1,891.35) but is just £16 ahead of CRHS’ top team TT (with £1, 875.70). They are followed by Manx 1 (with £1,735.68) and AXA (£1,712.83).

‘I cannot believe it,’ said Mr Moorhouse. ‘Castle Rushen is currently the first team to ever have more than one team in the top three of the national league. The surprising feature about the current placing is how different each portfolio actually is.’

In October, 2013, each team started out with £1,500 and has done share transactions once a month.

The team with the most valuable shares in May wins the competition and the chance to attend an awards ceremony in London along with the four winners from the regional leagues.

 

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