PDA

View Full Version : Bank of Baghdad (BBOB) Increasing Capital



HumbleGenius
07-10-2013, 06:55 PM
Thanks Rabee Securities.
Bank of Baghdad (BBOB) approved in its GA today (July 10, 2013) increasing the capital through 13% rights and 30% bonus issues from IQD175bn to IQD250bn.

trusty
07-11-2013, 01:05 AM
Thanks, for this information..usually. how long before Warka sends us confirmation.

Trusty


Thanks Rabee Securities.
Bank of Baghdad (BBOB) approved in its GA today (July 10, 2013) increasing the capital through 13% rights and 30% bonus issues from IQD175bn to IQD250bn.

HumbleGenius
07-11-2013, 12:27 PM
Thanks, for this information..usually. how long before Warka sends us confirmation.

Trusty

I dont think they have the funds to back the paid up requests so I doubt they will post it. Same way they are not posting Gulf Banks. IMHGO of course.

haggisbasher
07-18-2013, 11:08 PM
HB's NEW 5 year -5 point-5 Pronged Multi- investment Strategy for IRAQI trading year (2013-2014) :THE (5x5x5) with a IQD cash generator account with Al-warka .(.Portfolio Breakdown)..........ISX shares Investment 45% (was 90%)of strategy,..... 45% into CDs,....10% paid up share offers ,and free bonus shares from Portfolio Expected Accounts annual Profits of approx. 30-50 mill IQDs.

With Bank Interest rates 10.5% was 12% 2yearly hope that returns.
Personal accounts Interest Rate (9.5%)
Value of Free and paid-up shares.(12%)

1/Limited IQD currency in hand.
2/ISX stocks buy & sell.
3/IQD currency account with USD account in Iraq.
4/Bank interest Rates.
5/Maintain secondary current account with Credit Bank of Iraq through NBK Kuwait,going to exploit this angle

Although accesses to Al-warka services is limited for the moment you can still self generate good profits with what they have it can only improve.

1/Roll a Certificate of Deposit (CD) of 70 mill IQD for the next 12 mths @ 10.5% interest (Done)
2/Get as many paid up share offerings as I can @ 1 IQD with 25 mill IQD in reserve.(Done)
3/Get as many cash bonus & free shares from existing Bank shares.(Done)
4/Interest from reserve 25 mill IQD @ 10.5%.(Done)
5/Maintain a small 5 mill IQD in cash.(Done)

This is my hopes for the coming year in Iraq.
1/Vote Oil & gas law(Hydrocarbon) into Law.(Barzani & Maliki are on it now)
2/IQD trading fully float on the FOREX.(IMF are on it)
3/Investor stocks & savings guaranteed protection law voted into law.
4/Al-Warka Bank develop exiting account into real time Trading Platforms.


Its still a waiting & locked in period we are in the now so lets wait & see what happens end of Ramadan.
I am still very up-beat on this investment, been making massive profits Year on year.
just think about all the early international investors who have been buying in the ISX through Al-Warka before the bigs guns got into Iraq,
I think the Iraqi government knew this and have been trying to stem this for a while.

Good luck to all you Iraqi investors and hope you plans work out OK.

mike032588
07-19-2013, 01:44 AM
wowow WELL SAID HAGGISBASHER that is a very diverse strategy

haggisbasher
07-20-2013, 03:44 PM
This Bank along with a number of other private banks are now at the 250mill.Capital requirements they will now be considered for business from the CBI and Government banks.massive transactions going out,If Warka want to recover quickly and get in the line up for this the better.

24mm exposed grid
07-20-2013, 07:30 PM
This is my hopes for the coming year in Iraq.1/Vote Oil & gas law(Hydrocarbon) into Law.Barzani & Maliki are on it now/
2/Al-Warka to a 50% partnership merger with International financial Institution.
3/No reduction on ISX shares reduction proportional to RV.
4/IQD trading on the FOREX.
5/IQD to RV to its early exchange rate @ 3.33USD


After 5+ years, just when you think you have various posters figured out, they throw you a proper curveball.

Kickabuck
07-20-2013, 10:28 PM
After 5+ years, just when you think you have various posters figured out, they throw you a proper curveball.

I'll go you one better...some post about how successful they are: Mike (aka Roman from "The Great Outdoors") made a fortune in Iraqi Seed but doesn't need the money. Hey Mike, post your investment firm so we can all review your portfolio and invest. Good grief, does anybody remember his friends investment in Warka!

HumbleGenius
08-07-2013, 12:57 PM
Thanks Rabee Securities.
Bank of Baghdad (BBOB) approved in its GA today (July 10, 2013) increasing the capital through 13% rights and 30% bonus issues from IQD175bn to IQD250bn.


Has anyone seen the subscription period announced?

HumbleGenius
08-26-2013, 12:43 PM
Has anyone seen the subscription period announced?

No word on paid up announcement? Remember Warka appears to have stopped making announcements due to their cash flow problems so we need it from another source if it is not too late. Hoping other member w other brokers keep us Warka prisoners up to date.

dinar shore
08-27-2013, 03:39 PM
HG, Do you know who is responsible for providing 'free shares', dividend pay outs or paid-up share opportunities? Is it Warka or the stock company?


No word on paid up announcement? Remember Warka appears to have stopped making announcements due to their cash flow problems so we need it from another source if it is not too late. Hoping other member w other brokers keep us Warka prisoners up to date.

ISX Junkie using Aljazera
10-23-2013, 05:28 PM
BBOB subscription will begin this week. Here is the message from my brokers website:

23 October 2013 . Subscription by eligible shareholders to 29.7% BBOB paid-up shares at 1 IQD per share will begin next Sunday (27 October 2013) . Eligible investors will also receive 13.1% free shares . BBOB held its AGM on 10 July 2013 and approved capital increase from 175 billion IQD to 250 billion IQD through issuing 29.7% paid-up shares and 13.1% free shares for eligible shareholders .

HumbleGenius
10-23-2013, 06:24 PM
BBOB subscription will begin this week. Here is the message from my brokers website:

23 October 2013 . Subscription by eligible shareholders to 29.7% BBOB paid-up shares at 1 IQD per share will begin next Sunday (27 October 2013) . Eligible investors will also receive 13.1% free shares . BBOB held its AGM on 10 July 2013 and approved capital increase from 175 billion IQD to 250 billion IQD through issuing 29.7% paid-up shares and 13.1% free shares for eligible shareholders .


Thanks Junkie. Not holding out hope that Warka will post an announcement nor honor requests for paid ups if letters are sent anyway (like them ignoring the requests for gulf paid ups). Hope I am wrong but think about it, this is me saying it. ;) All IMHGO

tipawin
10-23-2013, 11:06 PM
Does anybody have a direct email contact at the isx that we can email any concerns to

cheers ah

HumbleGenius
10-24-2013, 12:00 AM
http://72.52.252.89/isxportal/portal/contactus.html

HumbleGenius
10-24-2013, 12:14 AM
http://72.52.252.89/isxportal/portal/rules.html

HumbleGenius
10-24-2013, 12:23 AM
http://72.52.252.89/isxportal/files/Instructions%20NO4111_10_1_3_37_10.pdf

HumbleGenius
10-24-2013, 12:47 AM
Look at section 5 paragraph 5 item C)

http://www.rs.iq/uploads/laws_instructions/Iraq_Securities_Market_-_Interim_Law_-_20100418.pdf

So the question is does warka still have the minimal capital required to do trades? Cap requirements are needed to perform transactions. In my humblegenius opinion this may be the smoke behind the fire why we are not able to have trades executed on our behalf.

haggisbasher
10-28-2013, 08:24 PM
Sent my BBOB paid up share offer request to warka bank this morning AGAIN and go notification from them that they received my letter and will execute the instructions,that was a rapid response this time from ISX@Warka so get your requests off to them now.

ChinaGirl
10-28-2013, 11:55 PM
Sent my BBOB paid up share offer request to warka bank this morning AGAIN and go notification from them that they received my letter and will execute the instructions,that was a rapid response this time from ISX@Warka so get your requests off to them now.

Please let us know when and if the transaction has been fully completed.

HumbleGenius
10-30-2013, 01:47 PM
Please let us know when and if the transaction has been fully completed.
They wont execute the order. They have learned to respond to the pd up requests to stop the follow up emails. IMHGO they dont have the funds to back these requests up so dont plan on seeing the paid ups. Good standing my arse.

ChinaGirl
10-31-2013, 12:22 AM
They wont execute the order. They have learned to respond to the pd up requests to stop the follow up emails. IMHGO they dont have the funds to back these requests up so dont plan on seeing the paid ups. Good standing my arse.

Agreed. A teacher I was quite fond of had a sign on the wall of her classroom "Do you need to believe it to see It ?" or "Do you need to see it to believe it ?" I think between the lot of us here we're working both sides of that statement.

HumbleGenius
12-15-2013, 05:50 PM
Agreed. A teacher I was quite fond of had a sign on the wall of her classroom "Do you need to believe it to see It ?" or "Do you need to see it to believe it ?" I think between the lot of us here we're working both sides of that statement.
Looks like, thanks to Warkas non action, ill be losing out on pending BIBI and BIME paid up offers.

mcdan
07-11-2014, 03:48 PM
Bank Of Baghdad will hold their GA meeting on Wednesday July 23 2014
10/07/2014 06:48


Bank Of Baghdad will hold their General Assembly meeting on Wednesday July 23 2014, to discuss Financial statement of the ended year 31/12/2013 , Cash Dividend of 2013 and election new board.

Last session will be on Tuesday July 15 2014



Related Companies


Bank Of Baghdad



Related Sectors

haggisbasher
03-30-2015, 10:00 AM
BBOB AGM is in the next couple months, i expect to see their shares double in price on the run up to the cut off date, with a healthy cash premium, would like to buy another 10 Million shares in these banks, also Warka & Northbank shares, as many as possible. ramp up time.