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Our version of Speculate went through a number of changes even before the current rewrite. We never ran the original Waveney version, because we already played it before we first started running it.

Version 1.4

This version added salaries for both players and managing directors, changed dividends and salaries to be based on average profits, added bank loans for both players and companies, and placed restrictions on "give" orders. These changes were mainly to encourage realism in company operations and to give shareholders the opportunity to defend themselves against managing directors engaged in asset stripping (very much the dominant strategy in previous versions).

Version 1.5

The major changes were for commodity prices to vary according to supply and demand, this having been a very major limitation in previous versions, and the introduction of rules for new share issues and buyouts.

Version 1.6

In this version the game changed to start with all the companies floating in the first turn, there's a limit on share purchases to 20 shares per order, and there are rules for imports and exports, plus advertising.

Version 2.0

This is a complete rewrite with a more modern action-driven ordering system. Orders are now remembered from turn to turn. Trades in commodities and shares are now made direct between the players and companies rather than being buffered by the market, and competing offers are now decided by price and priority rather than order size. Staff, storage costs, shifts and plant allocations were added to company operations. There's an increase to fifteen players, along with ten service companies, and there's now a distinction between tycoons (players who control the companies) and traders (who deal in shares and commodities).

Version 2.1

This version streamlines the ordering system a little more and adds some extra flexibility with the SCRAP and DEMOLISH actions. The availability of very large loans is more restricted, and the maximum price changes (for both shares and commodities) are larger. Service companies now carry overheads as well as operating costs. Share prices and commodity prices are now both controlled by the same actions so you don't have to remember two different systems.

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