2M to invest in ISX - need direction from veteran ISXers..

[Bandiit9]

I have enjoyed reading and learning from the forums and discussions here on the IIF. I was introduced to the Dinar late December last year and purchased some and have been purchasing since then. I now want to diversify and join the "ISX train" before it fully pulls out the station - So to speak :rock:. Better late than never right?:clapping:

So my question to those invested in it is where and how would you recommend I put my 2M Dinars in? I understand that all you can give are recommendations and the final decision would be mine.

I still have cash which I intend to keep for the arrival of the RV. I have read that perhaps the banking sector with Warka would be good but I'm not sure of others. I WOULD LOVE to have some advice in this area as there are many of you who were and still are trailblazers when it come to the ISX - Please share your wisdom with me.

I have just opened an account with warka :rofl: and I'm verifying the documents needed. Thank you again for all your time and have a truly splendid day. Cheers!!:party:



"some times rejection is Gods way of protecting you"

[BNZI]

Middle East Investment Bank (MEIB)
Bank of Baghdad (BOB)
Credit Bank (CRED)
Warka

IMO

200'000 shares of each at a cost of around 2'120'000. I'm sure you can stretch for the extra 120'000. :tongueout:

[geowhiz]

Sorry, messed this post up.

[geowhiz]

Stick with the banks, with 2 mil dinars thats all you can get anyway with the 200k share minimum. I bought in 06 and 07 (with more additions recently), and from original buys am (finally) ahead on Warka, Investment, Sumer, United, Gulf and Kurdistan. Recently Ive like the gains on Mammoura Real Estate, MEIB and Bank of Baghdad.

[Bandiit9]

Middle East Investment Bank (MEIB)
Bank of Baghdad (BOB)
Credit Bank (CRED)
Warka

IMO

200'000 shares of each at a cost of around 2'120'000. I'm sure you can stretch for the extra 120'000. :tongueout:

BNZI thank you very much for the advice. I will look into those options. Very kind of you.

Geowhiz thank you for your reply but it's all stuck together so I can read the company names but I'm not sure what the numbers mean. Please help me understand. Cheers!!

[geowhiz]

BNZI thank you very much for the advice. I will look into those options. Very kind of you.

Geowhiz thank you for your reply but it's all stuck together so I can read the company names but I'm not sure what the numbers mean. Please help me understand. Cheers!!


It would be easier to send it as a PM to an email addy if you want. It's stripped out of my spreadsheet.

[buck74]

I would recommend staying with the banks, jmo. I have always felt this way because if there is an RV you know the banks will be covered in some way, so there stock will prosper along with any currency rise.

1. Warka
2. MEIB
3. Bank of Baghdad
4. Dar El Salam

Buck

[dhviper]

Put it all in Warka......

[shellie01]

Banks.

Warka
MEIB
BOB

oh and try to get some pepsi.

[Tattoo4u]

big fan of Pepsi :rock: and banks :clapping:

[Bandiit9]

Thank you all very much for all your input so far.. I knew about the banks but "pepsi"? Are they doing that well? I was thinking just Warka as well because they seem to be one of the larger banks out there and banks always have their tentacles in everything.

[james 394]

Hi,

Go and have a look aroung this site,
http://www.industry.gov.iq/?id=contactus_1 (http://www.industry.gov.iq/?id=contactus_1)

You can see what companies are State Owend with a %Percentage in the privet hands

It will tell you what the companies make or do

There are 19 companies that the State will keep a %percentage of so Im thinking the Government will be pushing a lot of work their way

Banks are nice to have but they are just slow plodders

If you go and have a look at what companies made a shedload of money after the Iraqi's were kicked out of Kuwait, you will see a company that made and fitted concret fence posts that you put onto it chain link fence onto, their shares went up in the Thousands

Or go have a look on the ISX site going back to 2005 and see what the share prices looked like, no big deal on the banks

I am not knocking the Iraqi banks as I have 19 of them and another 23 comps in the other sectors, I have not got any in the Insurence sector, but I am in all the other sections

My best to date is from the Babylon Hotel with 75,000 shares that puts me up on just that one alone by 2.3 million

Do some research of your own so you can make the best investment with your shares, J.

[War Eagle]

Baghdad Soft Drinks is a good one,so is North Drink

[BNZI]

Thank you all very much for all your input so far.. I knew about the banks but "pepsi"? Are they doing that well? I was thinking just Warka as well because they seem to be one of the larger banks out there and banks always have their tentacles in everything.

......eggs in one basket.

Baghdad soft drinks = Pepsi

Dar Es Salam = HSBC
Credit Bank = National bank of Kuwait
Bank of Baghdad = United Gulf Bank of Bahrain
Commercial Bank = al-Ahli United Bank of Bahrain
Economy Bank = A’ayan Company of Kuwait

Etc.

[NewIraqiDinar]

I've stated this in the past, IMO, the crown jewel on the ISX is Baghdad Hotel, (ATH) of 1000.000 IQD per share, after that, Babylon Hotel (ATH) 350.00, followed by Aashoor Hotel (ATH) 100.000.

Some sleepers to be had are;
Ready Made Clothes (ATH) 105.950
Modern Sewing; 71.400
Ninevah Foods; 52.000
Modern Paint; 93.950
The light Industries; 70.000
Electronic Products; 117.000

The Banks I like are;
Commercial Bank; 25.000
Warka; 37.000
Baghdad Bank; 30.000
Dar Al Salaam; 65.000
Credit Bank; no numbers handy

I would seriously consider one of the bottling companies be it Northern or Baghdad soft drinks.

Seed and Al-kindi for veterinary are also looking good. The packaging companies will do well.

Overall cannot go wrong, I suggest keeping some funds set aside for new companies which will be entering the ISX arena in the furure, such as Zain & Korek, both cell phone companies which are required to be listed on the ISX as per their contract agreement with the Iraqi government... also be on the lookout for cement companies.

Hope this helps.

GO ISX!

[BNZI]

I've stated this in the past, IMO, the crown jewel on the ISX is Baghdad Hotel, (ATH) of 1000.000 IQD per share, after that, Babylon Hotel (ATH) 350.00, followed by Aashoor Hotel (ATH) 100.000.


The Banks I like are;
Commercial Bank; 25.000
Warka; 37.000
Baghdad Bank; 30.000
Dar Al Salaam; 65.000
Credit Bank; no numbers handy

I would seriously consider one of the bottling companies be it Northern or Baghdad soft drinks.

Seed and Al-kindi for veterinary are also looking good. The packaging companies will do well.

GO ISX!

For $1000 Dollars invested on each of the companies highlighted in red at the current prices and assuming they were to return to the all time high prices you would receive roughly (I can't be bothered to break out the calculator):

Babylon Hotel = $9'000
Ashour Hotel = $3'300
Warka = $15'000
Bank of Baghdad = $12'000
Commercial Bank = $16'000
Dar Es Salam = $9'000

Baghdad hotel = £33'000

Warka, Commercial and BOB would out perform Babylon and Ashour hotels. It's not that simple though as it depends on how many free and paid up shares have been issued per company.

[calstar]

[B]Let's not forget the Transportation and Real Estates sector too./B]

[spacetuna]

For $1000 Dollars invested on each of the companies highlighted in red at the current prices and assuming they were to return to the all time high prices you would receive roughly (I can't be bothered to break out the calculator):

Babylon Hotel = $9'000
Ashour Hotel = $3'300
Warka = $15'000
Bank of Baghdad = $12'000
Commercial Bank = $16'000
Dar Es Salam = $9'000

Baghdad hotel = £33'000

Warka, Commercial and BOB would out perform Babylon and Ashour hotels. It's not that simple though as it depends on how many free and paid up shares have been issued per company.


Great info BNZI! One thing to consider is that WARKA has opened a TON of branches up since it's all time high.

__________________

[Bandiit9]

I want to thank you all for all your great advice. I just sent the documents for legalization to the AACC and once they come back they are off to Mr. I. I will keep you informed as things unfold. At least this way I have cash, savings and stocks..the trifecta....:). Cheers!!

[Bandiit9]

For $1000 Dollars invested on each of the companies highlighted in red at the current prices and assuming they were to return to the all time high prices you would receive roughly (I can't be bothered to break out the calculator):

Babylon Hotel = $9'000
Ashour Hotel = $3'300
Warka = $15'000
Bank of Baghdad = $12'000
Commercial Bank = $16'000
Dar Es Salam = $9'000

Baghdad hotel = £33'000

Warka, Commercial and BOB would out perform Babylon and Ashour hotels. It's not that simple though as it depends on how many free and paid up shares have been issued per company.

Hey BNZI I just noticed you had Baghdad Hotel at 33,000 pounds sterling. Isn't that better than all the others you listed???

[buck74]

Great thread guys, making money sure is fun. :biggrin:

[Tattoo4u]

so with 4 million shares already and an extra mil dinar to work with? Do I?

put an extra mil in 3 mo. CD
leave that mil in savings to collect interest

OR will another 500K of shares surpass both those idea's in the coming mos?

HELP!

[NewIraqiDinar]

1/4 mil in stocks, 1/4 mil in CD, 1/2 mil in savings waiting on new companies to trade, paid up shares or RV...

[Tattoo4u]

1/4 mil in stocks, 1/4 mil in CD, 1/2 mil in savings waiting on new companies to trade, paid up shares or RV...

thanks, i'll do one trade at 200k shares,(whatever the share price) get the CD for 300K dinar and keep the rest in savings. good plan i think :clapping:

[Adster]

Interesting thread. From a standpoint of just about to take the plunge. I intend to spread the shares across the banks.

[Tattoo4u]

Interesting thread. From a standpoint of just about to take the plunge. I intend to spread the shares across the banks.

don't forget pepsi, sugar is addicting after all :giggle: hovering around $50 a share right now on the NYSE :yes:

[Will-it-happen?]

Al-Warka and Dar Al Salam Bank

[Chaka]

best of luck -just remember nothing goes straight up for ever. Whatever you decide to buy- you must maintain diligence in monitoring your portfolio.

Keeping track of current re: splits/dividends as well as knowing when to sell.

In every market - there are times good companies arent always good buys

[RoyalBeluga]

best of luck -just remember nothing goes straight up for ever. Whatever you decide to buy- you must maintain diligence in monitoring your portfolio.

Keeping track of current re: splits/dividends as well as knowing when to sell.

In every market - there are times good companies arent always good buys

Chaka, isn't it best for the 'smalltime' investor to avoid changing positions over the long term? I'm specifically talking about ISX investors.

[Chaka]

Chaka, isn't it best for the 'smalltime' investor to avoid changing positions over the long term? I'm specifically talking about ISX investors.

for the most part yes- or the fees chew can up profits quickly

But if you never take profit when its there you will never make any money either

If you buy low and hold thru the ride up but dont sell on the way down....you end up back where you started.

We noticed a pattern on the manual side where 3 trade session went up before profit taking began but most of the swings didnt produce large enough spreads to make it worth attempting to sell then get back in

Example Baghdad bev from 1.25 to 1.4 then back...decided to hold
Wasnt large enough window for 12% gain -2% buy/sell especially if it couldnt get back in a 1.25 the profit margin drops

Here's a different example Take Commercial Bank
Jan 4 1.1 (BUY)
Current 1.7

55%+/- gain costs only 1% to sell. 1% to rebuy( at what should be lower price after profit taking)

Could you fault anyone for selling?

Could it go up higher? absolutely but you've already pocketed 50% profit.

Greed is what takes you to the high price and ride it down to break even.

We invest to make money. We know not every stock will profit but we only ensure failure if we dont grab profits from the ones that are



With 20 % caps- it only take 2 sessions going backwards to erase 4 months of gains.
I dont believe this will be the case with Commercial Bank - but it made good example... but it could happen

FYI Most of the brokers I have spoken with on ISX recommend a solid group of 5-6 holdings.

[WhiteFeather]

Great site for listing ISX companies, and others.

For those who may not have found it, the following is a great site for listed companies on the isx, it includes tickers, change, volume, close, and can be sorted by sectors.

www.firstglobalselect.com

note, click on Iraq, then on companies listed, its complete and you can click on industry at the left side of the page to sort by sector.

I have found this to be a very handy.

Best of Luck to all.

WF

[RoyalBeluga]

for the most part yes- or the fees chew can up profits quickly

But if you never take profit when its there you will never make any money either

If you buy low and hold thru the ride up but dont sell on the way down....you end up back where you started.

We noticed a pattern on the manual side where 3 trade session went up before profit taking began but most of the swings didnt produce large enough spreads to make it worth attempting to sell then get back in

Example Baghdad bev from 1.25 to 1.4 then back...decided to hold
Wasnt large enough window for 12% gain -2% buy/sell especially if it couldnt get back in a 1.25 the profit margin drops

Here's a different example Take Commercial Bank
Jan 4 1.1 (BUY)
Current 1.7

55%+/- gain costs only 1% to sell. 1% to rebuy( at what should be lower price after profit taking)

Could you fault anyone for selling?

Could it go up higher? absolutely but you've already pocketed 50% profit.

Greed is what takes you to the high price and ride it down to break even.

We invest to make money. We know not every stock will profit but we only ensure failure if we dont grab profits from the ones that are



With 20 % caps- it only take 2 sessions going backwards to erase 4 months of gains.
I dont believe this will be the case with Commercial Bank - but it made good example... but it could happen

FYI Most of the brokers I have spoken with on ISX recommend a solid group of 5-6 holdings.

Gotta take profits of course but when I say smalltime investor I'm talking about minimum amounts invested, obviously if you only have $2-3000 or even less invested your profits aren't going to be very much at today's prices even if you have a 100% or 200% increase so the smalltime investor would benefit from waiting for the prices to rise considerably before taking profits.

[Crow]

If your planning to invest 2 million, thats about 2.5 billion dinar contact Dar-Salam Bank (tell them how much), they will hook you up with a personal broker who will take care of you.:yes:

[Seaview]

If your planning to invest 2 million, thats about 2.5 billion dinar contact Dar-Salam Bank (tell them how much), they will hook you up with a personal broker who will take care of you.:yes:
I think the thread starter was talking 2 million dinar not dollars. :giggle:

Good advice nonetheless though. :yes: :smile: