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View Full Version : Expecting free & paid up shares

haggisbasher
03-12-2009, 04:22 PM
Hi ISXers,dont go mad and spend all your IQDs on new stock,maintain enough funds to get maximum paid up shares when the offer comes along,expect them from Basrah Bank & National Bank Iraq,
also i think the amount of time NBI has not traded,not since November i think,they might be selected to go electronic next time round,JMHO.BRING IT ON.:dance:HB
buck74
03-12-2009, 05:04 PM
Good points HB, I am wondering if more companies will begin to pay dividends in the future instead of the free shares. I certainly hope so, as many people will reinvest these dividends and increase the values of the shares.
lglwzrd
03-12-2009, 06:50 PM
I LOVE THE free shares-it averages out the amount i paid when i bought in.
haggisbasher
03-13-2009, 09:09 AM
:yes:Hello ISXers,Al-Warka will stop trading after this Sunday 15/3 for its AGM for 2008,more shares,dividends & paid up shares coming,Artical 55/11,55/1.
i expect a bumper this time.Great news,maybe even going electronic next batch selected.BRING IT ON.:clapping:
www.iraqism.com
calstar
03-13-2009, 09:40 AM
:yes:Hello ISXers,Al-Warka will stop trading after this Sunday 15/3 for its AGM for 2008,more shares,dividends & paid up shares coming,Artical 55/11,55/1.
i expect a bumper this time.Great news,maybe even going electronic next batch selected.BRING IT ON.:clapping:
www.iraqism.com Thanks for the info!!!!! :yes:
cowpoke
03-13-2009, 09:47 AM
This may be a dumb question ....i'm a complete noob when it comes to the market...is there a set share amount...like per company...they use to determine Free Share and Paid up Shares? I thought they were just determined as a percentage of total shares held?

It is totally up to each individual company based on their own financial positions as to how they pay out OR don't pay out. It is decided in their general assembly meetings.
War Eagle
03-13-2009, 11:28 AM
It would be foolish to buy paid-up capital shares in National Bank,since their stock is trading UNDER 1 dinar. Warka Bank has already said that their policy is to NOT even bring this to the attention of their customers.
haggisbasher
03-13-2009, 12:46 PM
War Eagle,i hope when National bank Iraq comes out of AGM and starts trading again,their stock goes 1.5 then issues 10%paid up shares to holders,just like Basrah bank,look how long they have been trading since AGM,up to 1.35 and still going up,waiting on 20%-40%.just get ready.
Seaview
03-13-2009, 02:45 PM
I just noticed in my account. Cash Dividends from NORTH BANK have been credited on 12/03/09. :happy: :happy:

For our American Cousins - added on 03/12/09. :happy: :happy:
trusty
03-13-2009, 04:19 PM
I just noticed in my account. Cash Dividends from NORTH BANK have been credited on 12/03/09. :happy: :happy:

For our American Cousins - added on 03/12/09. :happy: :happy:
===================

I hold North Bank but missed that they had a dividend.

What was the details % etc?

Thanks

Trusty
Crow
03-13-2009, 07:09 PM
It would be foolish to buy paid-up capital shares in National Bank,since their stock is trading UNDER 1 dinar. Warka Bank has already said that their policy is to NOT even bring this to the attention of their customers. National:yes: Buying in at 1 dinar is a bargain! Soon no bank will be under 2.....:smoke:
RoyalBeluga
03-13-2009, 07:17 PM
I just noticed in my account. Cash Dividends from NORTH BANK have been credited on 12/03/09. :happy: :happy:

For our American Cousins - added on 03/12/09. :happy: :happy:

I'll have to check my account, as of yet I have not received my dividends from North Bank :shake:
Crow
03-13-2009, 07:30 PM
I'll have to check my account, as of yet I have not received my dividends from North Bank :shake: Beluga, do you own National Bank of Iraq?
RoyalBeluga
03-13-2009, 07:33 PM
Beluga, do you own National Bank of Iraq?

Not yet :shake: but I do have stock in approx 70% of the banks :nod:

Is National a good pick?
Crow
03-13-2009, 07:34 PM
Not yet :shake: but I do have stock in approx 70% of the banks :nod:

Is National a good pick? Have to see what happens.
RoyalBeluga
03-13-2009, 07:35 PM
Have to see what happens.

.........:thinking:
RoyalBeluga
03-13-2009, 07:41 PM
Beluga, do you own National Bank of Iraq?

I do intend buying National as I do all the banks :nod:
Seaview
03-13-2009, 08:05 PM
===================

I hold North Bank but missed that they had a dividend.

What was the details % etc?

Thanks

Trusty
There were cash dividends for 2006 and 2007. I didn't qualify for the 2006 one, so I can't help you there.

The 2007 cash dividend is 11.845%. That was credited to my account yesterday.
Crow
03-14-2009, 09:40 AM
I think Warka will stop trading after tomorrow because of "meetings". Not sure. Curious as to the outcome of the "meetings".
War Eagle
03-14-2009, 10:33 AM
Warka will NOT even offer us the National offer if their stock is under 1,per Mr. I.
Crow
03-14-2009, 10:37 AM
Warka will NOT even offer us the National offer if their stock is under 1,per Mr. I. The market has changed since National went off for meetings, very fluid situation. If they won't, they won't, glad I own a good amount of National.:yes:
War Eagle
03-14-2009, 11:14 AM
I also have a good position in National
haggisbasher
03-14-2009, 02:19 PM
ISXers,been thinking about Al-Warka going in AGM tommorow,and the sudden rise in their stock price increase,do you think that there is some insider info. going around that we have not heared,this is outwith their last agm dates,had i known that they where going to do this,i would of purchased more shares,we may never know,i will profit in a big way,but bigger had i known just a little annoyed.ie spits,paid up & free shares,after all this is what it is all about when trading.
only found out yesterday that tomorrow is their last trade day.
kevlad
03-14-2009, 02:54 PM
Iraqi Investor is stating uncomfirmed reports that the amount of capitalisation will be 30-50% likely 40% thats why the high price of shares:happy64:But who knows :rolleyes: Isnt this fun:thinking:
haggisbasher
03-14-2009, 03:03 PM
Iraqi Investor is stating uncomfirmed reports that the amount of capitalisation will be 30-50% likely 40% thats why the high price of shares:happy64:But who knows :rolleyes: Isnt this fun:thinking:

Kev.the reason i asked this question is because i read on iraqism.com that there was instance that Al-Basrah bank lowered its stock price to suit a very large private purchase of stock at a set price per.share,and lowered it for them.
Seaview
03-14-2009, 03:14 PM
Kev.the reason i asked this question is because i read on iraqism.com that there was instance that Al-Basrah bank lowered its stock price to suit a very large private purchase of stock at a set price per.share,and lowered it for them.
Always keep an eye on Iraqism. :wink: They take this as seriously as we do and they are going to get info before we do for obvious reasons. :wink: :nod: :smile:
Crow
03-14-2009, 03:23 PM
Kev.the reason i asked this question is because i read on iraqism.com that there was instance that Al-Basrah bank lowered its stock price to suit a very large private purchase of stock at a set price per.share,and lowered it for them. Have to keep in mind this is not normal market conditions, a lot of positioning, capitalization, deals, etc, etc
kevlad
03-14-2009, 03:27 PM
Kev.the reason i asked this question is because i read on iraqism.com that there was instance that Al-Basrah bank lowered its stock price to suit a very large private purchase of stock at a set price per.share,and lowered it for them.


I have been watching the special orders (private transactions) and the prices are up and down exciting times.
haggisbasher
03-14-2009, 03:36 PM
Have to keep in mind this is not normal market conditions, a lot of positioning, capitalization, deals, etc, etc

Agreed Crow,i dont have a problem with this at the moment,but when i go in for a big purchase of a certain stock it is always higher than last offered price i get.like i said i do not have a prob.with this cause i am already up some 40 mill IQD.for this years trading so far.but if on the other hand a bank was going down or merge,i would be pissed off.:no:
Crow
03-14-2009, 03:40 PM
I have been watching the special orders (private transactions) and the prices are up and down exciting times.
Nice capital investment in Al-Mamoura Realestate, great company, good builder, will do very well. Not sure who the investor is yet, but a lot of foreign interest shown in the company.
TreasureHunter
03-14-2009, 11:55 PM
:yes:Hello ISXers,Al-Warka will stop trading after this Sunday 15/3 for its AGM for 2008,more shares,dividends & paid up shares coming,Artical 55/11,55/1.
i expect a bumper this time.Great news,maybe even going electronic next batch selected.BRING IT ON.:clapping:
www.iraqism.com (http://www.iraqism.com)



................Maybe we'll get another "Big Split"....like the one they had back in 2004 I believe it was? If I'm not mistaken they gave a split at 312 %!!!! And NO...I didn't forget a decimal point! Three Hundred & Twelve Percent! :muscle:

Now wouldn't that be NICE?!?!?
:rock:
4aprofit
03-15-2009, 12:04 AM
................Maybe we'll get another "Big Split"....like the one they had back in 2004 I believe it was? If I'm not mistaken they gave a split at 312 %!!!! And NO...I didn't forget a decimal point! Three Hundred & Twelve Percent! :muscle:

Now wouldn't that be NICE?!?!?
:rock:


The website www.iraqism.com (http://www.iraqism.com) is in arabic...any ideas as to how to get the english vesrion?
darog
03-15-2009, 12:11 AM
the funny thing about this warka agm thing is that i put a purchase order in for another 2,100,000 shares and it was supposto happen on thursday. boy i hope warka got them for me. i would hate to be kicing myself for not getting the stock. tomorrow i will know.:drink:
4aprofit
03-15-2009, 01:06 AM
the funny thing about this warka agm thing is that i put a purchase order in for another 2,100,000 shares and it was supposto happen on thursday. boy i hope warka got them for me. i would hate to be kicing myself for not getting the stock. tomorrow i will know.:drink:

I've only been getting appx. 1 out of 5 stocks bought, upon every purchase attempt...and then I'm not notified for appx. a week or so after that, that I actually got them bought...it takes several attempts to buy many of them, and on some days, certain ones don't trade...also, I don't know what happens on the other ones that do trade, and then you still dont get some of them even???
dagod1
03-15-2009, 08:28 AM
National bank comment. I don't care if warka does not want to waste time with giving us the 90% paid up at 1 since people can buy it below 1, because I don't want to buy 200,000 shares of this stock, but I will pay the 1 for my small amount that I get and it adds up for next time. I emailed Warka on this topic and asked for my shares and we shall see what happens. I will let you know what they say.
Dagod1
dagod1
03-15-2009, 08:32 AM
Do we get the free 10% shares of national bank, or is that a waste of time as well, what the hell is the difference, a few extra key strokes and each person could get the 90%. that makes me mad if I don't get my 90% paid up shares.
Dagod1
War Eagle
03-15-2009, 07:28 PM
How do you get Iraqism.com to come-up in English?
trusty
03-15-2009, 07:48 PM
How do you get Iraqism.com to come-up in English?

=====================

I sent you a msg.

Trusty
TreasureHunter
03-15-2009, 09:58 PM
Do we get the free 10% shares of national bank, or is that a waste of time as well, what the hell is the difference, a few extra key strokes and each person could get the 90%. that makes me mad if I don't get my 90% paid up shares.
Dagod1

....................a couple of years ago or so by Warka was basically this, Not that it was bothersome on them...or not worth their time to offer their customers paid up shares of a company when its going price was less than 1 IQD....but! they didn't feel it was a good deal and in the best intrest for their customer. Why "Encourage" a customer to pay MORE for a stock than it was worth?! So they didn't want offer them to their customers. I think Warka (In their OWN way) is trying to look out for thier clients! Especially the foreign customers who might not fully understand how the paidup capitol shares work? I know that I, for one didn't quite understand all the differences when they first started talking...FREE shares...Paid up shares...dividends etc. There were more questions than answers at first! Of course the playing field has changed now! Back then you didn't have the minimum stock purchase to worry about....so! I can see why Warka wouldn't want to offer you 10,000-20,000 shares or so of a stock for more than you could purchase it for......it would be better(cheaper)for their client to just PURCHASE the stock if they wanted it! However! As I said...now the playing field has changed! There ARE "Minimum Stock Purchase Limits," and they may go higher before this is all over! There are investers that may not wish to OR NOT BE ABLE TO purchase 200,000 shares of a stock at the time, but wouldn't mind paying a little more for an amount less than the minimum. I firmly believe it should be a CUSTOMER DECISION and not Warka just making the decission for everyone, assuming that just because it is in their clients best interest....that it's what all of their clients are INTERESTED in doing! Personally....I wouldn't want to pay MORE for a stock than it's going rate?! But that's just me!?! I honestly believe that Warka had their clients best intrest in mind when they made this call....but! times have changed...the rules have changed....Warka needs to revisit this issue if they are truly concerned about customer satifaction! Everyone should have the option to make their own choice that fits their own investment plan! I hope Mr. I is reading this thread....maybe they'll take the hint?!:wondering:
JMO!:rolleyes:
MarkOne
03-15-2009, 10:41 PM
I agree with the above post.

At one 'time', we could buy whatever amount we wanted to but NOT anymore. So, I don't care what price the stock is currently trading at - I want the option to buy it at the Paid Up Capital Share Price. For some of us, that is the ONLY way to add to your portfolio since the 200,000 share rule began.

Although, I truly don't think it is going to be an issue as I SERIOUSLY doubt that there will be many stocks left that are trading UNDER 1 IQD.

I'm really looking forward to the day when I'm offered Paid Up Capital Shares on a 10, 20, or 50 IQD Per Share Stock.

I did check my portfolio and I only have 3 Stocks trading under 1 IQD:

Al Therar Agriculture - 0.4 IQD (I don't know HOW I ended up with 40,000 shares of this that I paid 0.91 IQD for - probably 'Crow'!!!:dull:)

Al-Hilal Industries - 0.95 IQD

National Bank - 0.9

On the PLUS side - I also don't know how I ended up with 400,000 shares of Al-Badia Transportaion (currently 5.0 IQD) that I paid 1.57 IQD for - probably 'Crow'!!!:inlove:)
TreasureHunter
03-15-2009, 10:58 PM
The website www.iraqism.com (http://www.iraqism.com) is in arabic...any ideas as to how to get the english vesrion?


....Just copy the url of the site and past it into Google Translate...then click on translate! Easy as that! Then you'll have a "somewhat" English version of the site to browse!

Good Luck!:wave:
jon.thomas78
03-16-2009, 12:07 AM
Sure it is an exciting time to be involved in ISX.
TreasureHunter
03-17-2009, 10:51 PM
Not yet :shake: but I do have stock in approx 70% of the banks :nod:

Is National a good pick?



.........ALL Banks are a good pick!:rock:

Some just BETTER than others!:wait:

:dance:Go Warka!!!:dance:
Go Warka
Go Warka
Go Warka

:giggle:
Sorry...Couldn't resist!
War Eagle
03-19-2009, 01:07 PM
MarkOne;Al-Badia is a very good stock.Be thankful you own a nice hunk of the stock-keep it,will do well in long run,as usual,this is IMHO
MarkOne
03-19-2009, 01:57 PM
MarkOne;Al-Badia is a very good stock.Be thankful you own a nice hunk of the stock-keep it,will do well in long run,as usual,this is IMHO


Thank You!

I have no intention of selling it - I just don't remember how I happened to buy it, nor why I bought as much of it as I did.

Most of my non-banking stocks are in the 50,000 to 200,000 share range with the exception of the brewery (900,000) shares and have helped keep me in the black most of the time, but Al-Badia, Economy Bank, and Warka are my big winners... so far!
Jack2576
05-01-2009, 08:06 AM
War Eagle,i hope when National bank Iraq comes out of AGM and starts trading again,their stock goes 1.5 then issues 10%paid up shares to holders,just like Basrah bank,look how long they have been trading since AGM,up to 1.35 and still going up,waiting on 20%-40%.just get ready.

Hey HB, Have you heard anymore On Barsah bank. I email Mr I. and he said they will not be issuing any free shares because of the incident with the emmbezzlement within the bank. Please Respond. jack 2576
haggisbasher
05-01-2009, 03:05 PM
J2576,not heard anything since the securities comission suspended them from trading,its not been confirmed that there was any fraud commited,only that they were late to in providing documentation to the commision,then i read that one of the mangement had fled with bank funds,all we can do is wait and see what happens in the future,
with 5 mil.shares with them in my portfolio,i still have faith in them,and looking forward to a profiable future with them.cheers HB
haggisbasher
06-18-2009, 03:15 PM
Any ISX'ers heard whats happening with Basrah Bank,i know that when they return trading it will be electronicly on the 21st July,bit still no word of any share split or paid up offering,think i might unload this turkey or fatten it up,either way we will know in a couple of weeks.HB