Millionday Roundtable 8/4/14 Part 2
Welcome to dinarupdates.com for Roundtable with Millionday!
[millionday] The launch of trading on the shares of Bank of the Middle East, starting from Tuesday, 05/08/2014 07:31 08/04/2014 Will launch trading on the shares of the company with effect from Tuesday, 08/05/2014, and in implementation of the General Assembly meeting held in 19.07.2014
and the company decided to distribute cash dividends (10%) for the fiscal years ended 2012 and 2013 and the stillness indicative price for the first session is ( 0.880) dinars, and will change the ratio of the limits of 10% at the highest and lowest of the indicative price
[millionday] BRB WITH MORE -- DOING SOME DIGGING -- DONT GO ANYWHERE
[graylnjo] So, is maliki finally out???
[ernier] I thought the ESX was supposed to start by now?
[coyoteTx] ?? Official govt to be seated when? Tuesday?
[OOTW] 12:24 pm millionday: exactly that is why they had the meeting this morning i agree 100% and it's great we're seeing this - was expecting this - you're awesome!
[millionday] graylnjo HE IS STILL OPERATING AS A CARETAKER GOV UNTIL THE PM IS PUT IN PLACE
[ernier] "indicative price for the first session is ( 0.880) dinars" - Does this mean what we think it should mean???
[millionday] A WEEK FROM TOMORROW IS THE DEADLINE FOR THE GOV OFFICIALS PLACEMENT FOR THE GOV FORMATION BY THE CONSTITUTION
millionday] ernier THE ESX IS SUPPOSED TO LAUNCH IN AUGUST WITH NO EXACT DAY GIVEN
[graylnjo] Thanks MD so the new PM will be put in place tomorrow.... or a week from tomorrow??
[coyoteTx] And hopefully they will do it early��
[millionday] ernier NO THIS IS AROUND THE NORMAL --- NOT MUCH OFF AS FAR AS WHAT I CAN SEE –
BUT PAYING UP THEIR DIVIDENDS IS CERTAINLY INTERESTING -- ESPECIALLY IF THEY EXPECT TO DO IT AT 1166
millionday] graylnjo THEY CAN NOW PLACE ANY DAY AND HOW THEY ARE OPERATING IT SEEMS IT MAY BE EARLY
BUT THEY HAVE STATED CLEARLY THEY WILL NOT GO BEYOND THE COSTITUTIONAL DATE OF NEXT TUESDAY
[millionday] WE WILL HAVE TO WATCH AND SEE WHAT THEY DO
[millionday] OK BRB WITH MORE WHOOPOW
millionday] OK I CANT GET A COPY OF THE ENTIRE THING
[rudie] millionday what?
[millionday] IT IS A BEAR AND BLOCKED BUT SECTION V AND PAGE 4 WILL GIVE YOU ALL THE RESPONSIBILITIES FOR THE SFA AND HOW IT AFFECTS ECONOMICALLY THE TRADE AGREEMENTS AND THE ALSO THE AGREEMENTS MADE BY IRAQ WITHIN IT
[millionday] I WAS TRYING TO COPY THE SFA SECTIONS THAT SHOWED WHY IT IS OF IMPORTANCE TO THE ECONOMIC REFORMS AND THE MONETARY POLICY FROM THE SOURCE I USE –
I HAVE IT VERIFIED BUT IT IS BLOCKING ME -- I WILL WORK ON IT -- SMILE
[DGen] millionday, after the nomination for PM, then when does the parliament have to vote on it and how long of a process is that, by Aug 8?, and what happens if there is no agreement by majority
[millionday] THE AGREEMENT BY MAJORITY WILL HAVE TO OCCUR BUT THE PRESIDENT PLACES THE NOMINATED AND AGREED UPON SELECTION –
HE ACTUALLY HAS THE EXECUTIVE POWER TO PLACE THE PM BUT HE WONT PLACE HIM BY WHAT HE ANNOUNCED A COUPLE DAYS AGO
[millionday] HE STATED IF HE IS MADE TO CHOOSE HE WILL STEP DOWN BEFORE HE WILL SO THAT WAS SOME ADDED PRESSURE FOR CERTAIN –
IT WOULD BE A HUGE STEP BACK FOR IRAQ SO I WOULD SAY THEY WILL MOVE FORWARD –
THE KURDS HAVE STATED THEY WILL AGREE WITH ANYONE AS LONG AS IT ISNT MALIKI
[millionday] MALIKI HAS GIVEN 3 THINGS HE MUST RECEIVE BEFORE HE WILL STEP DOWN AS IF IT IS A STANDOFF AT THE BANK OR SOMETHING LOL
[larrykn] Md that is my question, why would Maliki say he needs all this things to step down, is there something we're missing that can give him that power
[sudo1114] What is the meaning of the indicative price of .088 dinars?
[jimplants] millionday if the sol is not the largest block then he has no bargaining power
[millionday] .88 IS WHAT THEY ARE PAYING IN DIVIDENDS TO SHAREHOLDERS OF MIDDLE EASTERN BANK FROM ISX FOR 2012 AND 2013
[millionday] THEY SAY THEY ARE GOING TO PAY THEM
jtank] Maliki has no choice in the long run--has to step down w no choices--just wait
[ol lar] .88 dinars is what 1/12 of a penny?
[sudo1114] Md. Isn't that a large portion compared to 1216 rate??? I'm confused. Does this factor a rate change?
ol lar] not much of a dividend
[sudo1114] Oh. I'm looking at it wrong. Dinars not dollars. My bad
[millionday] IT IS VERY CONFUSING TO ME TOO -- THAT IS WHAT THE SHARES SHOW COMMONLY ON THE GRAPH
millionday] I AM TRYING TO DO SOME RESEARCH ON IT TO SEE WHAT IS GOING ON BUT I HAD TO SEND OFF A PAPER FROM THE ISX TO HAVE TRASLATED
[millionday] ol lar I AGREE
[millionday] THEY EXPECT IT TO RAISE 10%
[sudo1114] We would like a 10% reval Now
[millionday] I HAVE TO CONTACT A STOCK EXPERT TO MAKE SENSE OF WHY NOW AND WHAT IS GOING ON WITH ESX AND ALL OF THE QUESTIONS WE HAVE ABOUT IT –
I AM NOT A STOCK EXPERT AND ESPECIALLY IRAQI SMILE
[millionday] BRB LET ME MAKE SURE I HAVENT MISSED SOMETHING HUGE -- BRB
[millionday] SEE LET ME SHOW YOU THIS
[millionday] THIS IS HUGE AND IS FULL OF CLUES
[millionday] THE REASON I FIND THIS SO IMPORTANT IS IT MAKES YOU ASK WHY WOULD THEY DO THIS ? –
THEY HAVE NEVER JUST PUT SOMETHING THROUGH LIKE THIS TO WORK THROUGH IT LATER JUST WITH THE GOAL OF HAVING THE LAW IN PLACE -- IT HAS TO BE LACK OF TIME BECAUSE THERE IS NO OTHER EXPLANATION
[millionday] Kurdistan Alliance bloc Najeebeh Najib, the House of Representatives will vote at a meeting next Tuesday to members of the Interim Committee, which will re-examine the draft federal budget and make adjustments to speed up and pass it as soon as possible.
She said Najib in a press statement that "the Committee will be headed by First Deputy Chairman of the House of Representatives Haider Abadi and second deputy Aram Sheikh Mohammed and the membership of representatives of all the political blocs that they are of specialists and financial committee will re-examine the draft federal budget and paragraphs Almokhtlflleha caused by not approving the project by the former House of Representatives. "
millionday] NOTE -- SO THEY ARE GOING TO VOTE THROUGH THE BUDGET AND THEN PASS IT BACK TO PARLIAMENT TO AMEND PARAGRAPHS THAT KEPT IT FROM GOING THROUGH BEFORE AND CHANGE THEM AFTER VOTING IT THROUGH TO LAW
[millionday] Najib explained that "the political consensus needed for the success of their work, especially in some of the paragraphs of the project," pointing out that "the Commission has not placed a time limit for the completion of its work."
The failure of the former House of Representatives approving a federal budget because of political differences on many of the paragraphs of the budget, including the allocation of the Kurdistan region.
And caused the delay in approving the draft federal budget to stop hundreds of projects implemented in the provinces in addition to the non-implementation of the reconstruction plans prepared for the current year by the provinces.
[jimplants] please say that again it looks sooooo great
[millionday] SO THEY ARE VOTING THROUGH THE BUDGET AS THEY SAY HERE AND DISPERSING MONEY TO PROVINCES SO THEY CAN FUND THEIR BANKS AND ALSO BEGIN PROJECTS BUT
[millionday] THEN THEY WILL TEAR IT APART IN PARLIAMENT WITH AMENDMENTS THAT WILL BE REFLECTED IN FINAL ACCOUNTS FOR THE YEAR 2015 –
THIS MAKES SENSE DUE TO THE RUMORS BY MEDIA THAT THEY ARE DOING THEM BOTH AT THE SAME TIME BUT
[millionday] THE GOAL IS TO NOT SEND THE FINAL ACCOUNT FUNDS AT THE END OF THIS FISCAL YEAR TO CBI AND BEGIN AGAIN
AND INSTEAD JUST ACCOUNT THEM AS REVENUES OR DEFICITS SO THEY CAN CONTINUE WITH PROJECTS
[Msculver] sure seem to be in a hurry
[pray5002] I might have missed it, does that mean TOMORROW Tuesday? Or are we talking about a week from tomorrow?
[clay] pray5002 2morrow
[millionday] pray5002 TOMORROW
[carpet] budget doesn't give us the rv just closer right
efriscone] So start funding now so projects get going and adjust later as needed?
[millionday] efriscone THEY WILL SEND IT RIGHT AWAY TO PARLIAMENT AND THEY WITH THE COMMITTEE WILL GO THROUGH THE PARAGRAPHS
[millionday] carpet I DONT KNOW -- SOME BELEIEVE WITH THE PROJECTS AND THE INTERNATIONAL CORPS COMING IN AND THE ASSOCIATION DONE AND THE INDISTRY LAUNCHED
AND THE BANKING REFORM CALLED TO BE LAUNCHED AS WELL NOW THAT THE ASSOCIATION OF BANKING IS DONE
TO WATCH FOR INTERNATIONAL COMPLIANCE ISSUES AND MONEY LAUNDERING ACROSS THE BORDER THAT IT IS WITH THE BUDGET -- BUT NO ONE KNOWS THE DATE OR RATE
DGen] MD, does Iraq have to be a member of WTO before it can RV?
[rudie] DGen no, other way around...have to have a reality rate before WTO