Basra bank - 36.363% paid up shares!

[anele]

Dear Warka Investors,



We would like to bring to your kind attention that Basra Bank has announced that it will be issuing 36.363% paid up shares at the price of IQD (1 per share) for those shares held prior to holding its general assembly meeting.



Investors are to submit their authorization letters to purchase the paid up shares by October 8th 2009 Warka business hours noting that any requests received after this date and working hours will be considered null and void.



Best regards,



ISX Dept

Warka Bank for Investment and Finance

[trusty]

I guess they meant November 8 not October 8?

Trusty

[cowpoke]

I guess they meant November 8 not October 8?

Trusty

What was the last price?

[RoyalBeluga]

the offer is ideal for those who can't afford to purchase 200k shares :nod:

[Fishindinar]

What was the last price?

The last price was 1.15 dinar.

[MarkOne]

the offer is ideal for those who can't afford to purchase 200k shares :nod:


Yes It Is!

[Luko1234]

Why would you buy this bank it is not even trading on the isx

[Crow]

Why would you buy this bank it is not even trading on the isx
It will be back, very near future.:yes: Notice I did not say soon.:wink:

[MarkOne]

Why would you buy this bank it is not even trading on the isx


Those that wish to increase the quantity of shares that they currently own - especially those who own 5,000, 30,000, 100,000 etc shares - and do not want or cannot afford to buy the 200,000 share minimum, this is an excellent opportunity as are 'most' Paid Up Share offers.

In my case (and that of several others), I own MANY shares of this bank and IF I were to participate fully in this offer, I would end up receiving more than 200,000 shares and the difference in share price (1 IQD Paid Up vs. 1.15 IQD Current Share Price) is not something I am looking for.

I agree with 24mm (from another thread) that in a case where I would end up with over 200,000 shares due to a large Paid Up offer, it is better that I hold out for companies/banks that offer a wider 'spread', i.e., normal share price is 1.7 IQD or higher (the higher the better). Even if the share price (example 1.7 IQD) of a company drops after the Paid Up offer to 1.4 or 1.3 IQD per share, I will still realize a 30-40% Profit "if" I were to sell at that time.

Keeping everything in mind that I stated above, if I had fewer than 100,000-200,000 shares of a company that was offering Paid Up shares, then I would most likely take advantage of them (buy them) to increase my portfolio WITHOUT having to meet the 200,000 share requirement.

I hope all of this makes sense - if not, please respond!

[cowpoke]

Those that wish to increase the quantity of shares that they currently own - especially those who own 5,000, 30,000, 100,000 etc shares - and do not want or cannot afford to buy the 200,000 share minimum, this is an excellent opportunity as are 'most' Paid Up Share offers.

In my case (and that of several others), I own MANY shares of this bank and IF I were to participate fully in this offer, I would end up receiving more than 200,000 shares and the difference in share price (1 IQD Paid Up vs. 1.15 IQD Current Share Price) is not something I am looking for.

I agree with 24mm (from another thread) that in a case where I would end up with over 200,000 shares due to a large Paid Up offer, it is better that I hold out for companies/banks that offer a wider 'spread', i.e., normal share price is 1.7 IQD or higher (the higher the better). Even if the share price (example 1.7 IQD) of a company drops after the Paid Up offer to 1.4 or 1.3 IQD per share, I will still realize a 30-40% Profit "if" I were to sell at that time.

Keeping everything in mind that I stated above, if I had fewer than 100,000-200,000 shares of a company that was offering Paid Up shares, then I would most likely take advantage of them (buy them) to increase my portfolio WITHOUT having to meet the 200,000 share requirement.

I hope all of this makes sense - if not, please respond!


Also Remember that PAID up shares are stocks bought directly from the company and therefore directly increase their bottom line. Unlike Free Shares that are issued at a cost to the company.
Thus INCREASING the companies capital..:happy26: