Millionday Roundtable 6/24/15 Part 1 of 2
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: The head of the House of Representatives, Saleem al-Jubouri, Tuesday, that the House of Representatives awaiting the arrival of the oil and gas law, the Council of Ministers in order to read the legislation. Jubouri said in a press conference attended by "tomorrow Press",
"The House of Representatives awaiting the arrival of the oil law The gas from the Council of Ministers in order to read the legislation, "noting that" the bilateral meeting that took place yesterday with the Prime Minister Haider al-Abadi discussed the basic legislation, including the oil and gas law. "
Millionday: NOTE -- ANOTHER PRESS CONFERENCE -- AND ON HCL -- AS WE SEE -- THEY ARE LETTING THE CITIZENS KNOW WHAT IS GOING ON --- LOVE IT
Millionday: SO -- THEY READ IT WEEKS AGO AND HAVE STUDIED IT -- NOW LET ME SAY
Millionday: THIS IS OBVIOUSLY VERY IMPORTANT SO WE WOULD EXPECT NOTHING LESS OF COURSE -- BUT OIL AND GAS LAW ALONG WITH OTHER IMPORTANT LAWS WE HAVE READ ABOUT SO MUCH IN THE LAST FEW DAYS --
Millionday: NOTE -- THIS FROM ISX AS WE EXPECTED LOOK AT DATE
Millionday: Disclosure amphidiarthrodial implementation is intended to Iraqi Company for Date Processing and Marketing of shares in session Tuesday, 06/23/2015 09:57 06/23/2015
Winning Brokerage Company implemented a contract Facing the Iraqi Company for the manufacture and marketing of dates, the number of shares of shares (5) million shares at the time of the extra session after 12:00 pm) and according to the procedures for implementing the big deals.
Millionday: SO OBVIOUSLY -- KEY WORD -- MARKETING
Millionday: REMEMBER -- IRAQ IS KNOWN FOR THE DATE PRODUCTION -- SO THIS IS AGRICULTURE -- DIVERSITY AS REQUESTED -- LOVE IT
Millionday: With a view to the adoption of new projects that will alleviate the burden of auditors
Minister of Justice opens the channels of cooperation with the government delegation for the work of the electronic system.
Millionday: NOTE -- HOW MANY TIMES HAVE WE WAITED ON HAND AUDITORS -- THIS IS FANTASTIC
Millionday: Minister of Justice Dr. said. Haider Zamili, said the Ministry of Justice of the first ministries working in the mail system application, in its departments and has a project with the Ministry of Foreign Affairs on the conclusion of (the health of the issuance of agencies),
and connecting the two ministries electronic system one, and work will be done soon after the completion of some technical things.
Millionday: BECAUSE IT MAKES IT ALL ELECTRONIC -- AND THE MOST ADVANCED AS WELL -- MICROSOFT ON THE JOB -- SO WE PROBABLY HAVE NOT EVEN BEEN EXPOSED TO THE SYSTEM OURSELVES -- SMILE
Millionday: The Minister announced about it during a meeting in his office at the ministry, a delegation represented by the General Secretariat of the Council of Ministers, made up of First Deputy General Secretariat of the Council of Ministers, Mr. Obeid replace the President of quality and his accompanying delegation section.
He said Mr. Minister: that the ministry is working to improve its work by focusing on the aspects of quality and development work and move a prelude to the style of electronic work, which requires reliance on staff incompetent, noting that the ministry leads the way in the creation of quality department within the administrative structure, in addition
Millionday: NOTE -- ELECTRONIC HAS TAKEN JOBS AS WE KNOW BUT, IT HAS ADDED ACCURACY IN THIS CASE THAT IS LONG OVER DUE --
Millionday: to being the first in Labour electronic management system within the Iraqi reform circles, registration and real estate notaries, in an effort to get to the integrated e-administration.
In turn, the delegation presented the visitor, two minister to Mr. in the field of quality and speed of completion of work, the two project (the health of the breasts) for the Department of notaries and the cost of financial simple, linking its departments in all governorates system that sends the health of the issuance of agencies very quickly, thus contributing to easing the burden on reviewers and to prevent the trouble of assigning them to review departments in the provinces.
Millionday: NOTE -- THIS IS ALL PART OF THE ADMINISTRATIVE REFORMS -- IN ACTION - LOVE IT
Millionday: Ask an expert a member of the delegation Sebastian DNA project and provided an explanation for its usefulness in the diagnosis and determine the files of prisoners, including contributing to the elimination of the similarity of names process, in addition to its role in the provision of other features, Brphi contribute to the work of the Iraqi Corrections Service.
Millionday: NOTE -- IN ADDITION -- THE DNA SERVICE -- NOW THIS WILL DO ONE OF TWO THINGS -- SAVE THE ONES THAT ARE INNOCENT OR OF COURSE --- PROVE THE GUILT OF OTHERS -- HUGE CHANGE FOR THEM AND THEN THE REGION
Millionday: At the conclusion of the meeting, Mr. Minister, welcomed the proposals made by the delegation of the prime minister, and asked them to send the feasibility study in order to be studied,
stressing the importance of courses intended to hosted by the quality department at the General Secretariat of the Council of Ministers, in organizing the work of government departments, because it will create a capable staff creativity in their field of work and self-development
bluedog: This is all relating to healthier infrastructure within the government correct?
Millionday: I AGREE -- AND MORE ACCURATE AS WELL -- HISTORICAL NO DOUBT
Millionday: CORRUPTION HAS BEEN AN ISSUE BUT AS WE KNOW -- THIS WILL HELP
Millionday: NOTE- THIS WAS SENT TO ME AND -- WHOOPOW
Millionday: READ EVERY WORD AND THINK ABOUT HOW MANY WANT A LITTLE OF THIS
Millionday: Shares in Zain Iraq surged on their Baghdad bourse debut on Tuesday, in thin trading of the stock, theoretically giving the country's biggest telecoms operator a bigger market value than its majority owner.
Zain Iraq's share price rose by around 50 percent from the opening price to close at 5.99 dinars after 31 million shares - less than 0.002 percent of the company - changed hands. This gave the entire firm a market value of about 10.96 trillion Iraqi dinars ($9.4 billion).
Millionday: Kuwait's Zain, majority shareholder in Zain Iraq, has a market capitalisation of $6.1 billion.
"The people who bought today will soon realise they bought a subsidiary worth more than the parent and the price will steadily go down," said Hassan Aldahan, chairman of Baghdad investment company Bain Alnahrain.
In 2011, Nomura estimated Zain Iraq's enterprise value - the value of its equity and debt combined - at $4.9 billion.
Millionday: NOTE -- HUGE NEWS -- THIS IS JUST ONE LISTING BUT -- IT IS SHOWING CAPABILITY AND WHAT WE HAVE DISCUSSED MANY TIMES -- CONFIDENCE
Millionday: Since then, the company's earnings and network have deteriorated due to stiffening competition and Islamic State's seizure of much of the country. Its annual net profit was $348 million in 2011 versus $256 million last year.
Aldahan said the seemingly inflated valuation was partly because Zain Iraq had not released audited financial statements which investors could use to judge its "actual worth".
Investors could obtain its revenue and profit from parent Zain's earnings statement, while broker Rabee Securities published a note on Zain Iraq this week.
Millionday: NOTE --TRANSPARENCY OF A COMPANY`S STATEMENTS MAKE ALLOWANCES FOR INTELLIGENT DECISIONS --WHICH IS WHAT IT TAKES TO BE ABLE TO INVEST --
Millionday: NOTE -- HOLD YOUR HAT AND READ EVERY WORD -- IT TAKES WHAT TO BUY A SHARE? -- WHOOOPOW
Millionday: Zain Iraq and rivals Asiacell and Korek were required to float a quarter of their shares and join the Iraq Stock Exchange (ISX) by August 2011 as per the terms of their 15-year mobile licences awarded in 2007.
Asiacell, majority-owned by Qatar's Ooredoo, used a book-building method to float in 2013, raising $1.35 billion in which its parent was a major subscriber.
But Zain Iraq - almost four years after the 2011 deadline - listed on the ISX on Tuesday with no prior share sale apart from a token initial public offering in 2013 that sold 55.9 million shares at 1 dinar each, as required to become a joint stock company.
Millionday: NOTE -- 1?---SMILE
Millionday: It has 1.83 trillion outstanding shares, so must offer at least 457 billion shares for sale on the ISX - it traded a small fraction of those, 31 million, on Tuesday.
Asiacell closed at 8.25 dinars on Tuesday, down 63 percent from 2013's IPO price of 22 dinars.
"It seems people looked at Asiacell's share price and thought Zain Iraq should be worth something similar, but that totally ignores the differing amounts of shares issued in each company," added Aldahan.
Millionday: NOTE -- THE BEGINNINGS ---
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