Iraqi Companies Float (Number of Shares)

[IQDFiend]

Hi all. I am trying to do some analysis, and for the life of me can't find anywhere how many shares the publically traded ISX companies have floated, which makes P/E, EPS, Market Cap, etc impossible. Anyone know where to get this info?

It is greatly appreciated!!!

IQD

[Blake]

Go here maybe...??

http://www.isx-aman.com/

Look under quotes and go from there.

[ISX_TIME]

As I am not well versed on Stock procedures, Please help me understand something.

If the ISX market opens to foreign investors and the price of the dinar stays minimal 1460 to 1 or some other ridiculous figure.

What is going to prevent these a few foreign investors to gobble up these companies if the USA $1,000 Dollars are capable of buying 1.460 million dinars to purchase company shares that are selling for example Baghdad Bank for 12 ID per share .

[Blake]

As I am not well versed on Stock procedures, Please help me understand something.

If the ISX market opens to foreign investors and the price of the dinar stays minimal 1460 to 1 or some other ridiculous figure.

What is going to prevent these a few foreign investors to gobble up these companies if the USA $1,000 Dollars are capable of buying 1.460 million dinars to purchase company shares that are selling for example Baghdad Bank for 12 ID per share .Simply, people who have a controlling interest in the stock of a company are not forced to necessarily sell their particular stock just b/c the the company's stock is publicly traded on an exchange. 2nd, it would take much more than a few foreign investors to "gobble up these companies". Basra Bank, for example, is only listed at 5 ID/share, but they have several billion shares traded daily. It would, in most cases, take a corporation of the same mold to take over a listed stock.

However, you do have a relevant point, although slightly skewed. Now a scenario that could very well happen with some frequency when the ISX opens to foreign investment is the possibility of a hostile takeover by a foreign corporation. It's a little complicated to get into on a message board, but for simplicity purposes, just remember that hostile takeovers are generally very good financially for shareholders of the target company as the stock price often rises with talks of a merger or takeover. For example, if Baghdad Soda Company is taken over ("bought up") by Pepsi, you can sit back & watch that stock skyrocket.


All in all, when the doors of the ISX open up to the world, get ready for a wild ride. I am strapped in and ready to go. It will be much like when the NYSE originally started up in the States, only more efficient. Tons of investing capital with only a selected number of listed companies. Needless to say, people who were smart enough to invest intelligently in the NYSE in its early days made a killing.

[TYSON]

As I am not well versed on Stock procedures, Please help me understand something.

If the ISX market opens to foreign investors and the price of the dinar stays minimal 1460 to 1 or some other ridiculous figure.

What is going to prevent these a few foreign investors to gobble up these companies if the USA $1,000 Dollars are capable of buying 1.460 million dinars to purchase company shares that are selling for example Baghdad Bank for 12 ID per share .


You dont know what % of the float is insider owned. Meaning they may only have 20% of the float available in the market.This takes out the possibility of a hostile takeover if thats what you were referring to.

And let me tell you first hand what can happen in this senario. A stock with a minimal float and a large volume to buy creates profit like you will rarely see in todays marketplace. The pressure on the bid can create a massive inbalance which is a beautiful thing if you catch my drift. Thats why the isx will at the very least be very volitile. Volitility associated with large volume creates opportunity in the markets.