تمويل خليج
موقوف
الرجاء عدم نشر مثل هذه التقارير في هذا الوقت العصيب للمساهمين
مع العلم انها مهمة لاتخاذ القرارات الاستثمارية
مع العلم انها مهمة لاتخاذ القرارات الاستثمارية
دورة المؤشرنت للتحليل الفني
50 دينار كويتي
مبروكين يا شباب على رجوع السهم يوم الأحد وإن شاء الله يغرد فوق
الرجاء عدم نشر مثل هذه التقارير في هذا الوقت العصيب للمساهمين
مع العلم انها مهمة لاتخاذ القرارات الاستثمارية
في البداية اود تذكير الجميع بالتقرير الذي كتبه ٣ طلاب قبل تقريبا سنه في بريطانيا وكشفوا من خلاله كيفية قيام بيت التمويل بخداع المساهمين في صفقات الاسهم الخاصة. والحمدلله انني كنت احد هؤالاء الشباب وهاهي رويترز وبعد سنه كاملة تعترف وتأكد كل ماذكرناه. لتفاصيل اكثر شاهد الرابطthe untold story of the premium collapse of gulf finance house
http://reading.academia.edu/mohammedkhnifer/papers
بالعودة الى تقرير رويترز، يوجد نقطتين لابد من الاشاره اليها:
١- علاقة جناحي مع العائلة الحاكمة وكيف ساهم ذلك في التغطية على مخالفاته
٢- اما القسم الثاني من الفضائح فقد لخصتها فيما يلي وذلك بحسب التقرير:
our investigation shows the company charged investors huge markups on land deals and took out enormous up-front fees. Such fees are legal in the gulf but western bankers say they would be highly unusual in europe or the united states, where the industry collects big payouts only when a project is successfully built and sold.
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janahi, whose net worth local bankers estimate was several hundred million dollars before the global financial crisis, used his close ties to the al-khalifas to build the centrepiece of the bahrain financial harbour. He could then point to the development as a model to help secure further land deals from rulers and governments across the middle east and as far away as india, convincing investors to put up billions of dollars for property projects, most of which have never been built.
Documents obtained by reuters show that gfh, which has teetered on the brink of collapse for several months, also sometimes shifted investor money from one project to plug holes in another.
The documents also suggest that gfh's property projects were hurt by blurred lines between the personal interests of janahi and gfh itself. Investments and payments seemed to move back and forth between the two with very little scrutiny.
The boom
esam janahi was relatively unknown before he founded gfh, way back in the pre-oil boom era of 1999. Armed with a degree in business administration from hull university in the united kingdom and an uncanny ability to navigate the gulf's political and business elites, he quickly began pulling off deals, each one seemingly bigger than the last.
Blessed with boyish looks and what many who have met him describe as real charm, janahi won financial backing from around the region, including from a clutch of private investors in kuwait, the royal guards of oman pension fund and the saudi-based islamic development bank.
The model
the model was simple. "you basically go and cut a deal with your buddies in morocco, or egypt, tunisia, syria," said a senior investment banker in bahrain. Having paid very little for a parcel of land "they (gfh) would go over to investors and mark it up by something like 40 percent, in some cases even more, and sell it." other bankers and two senior company insiders confirmed such a markup was typical at the company.
"the returns could reach up to 200 percent," said an investment banker who worked at a bahraini investment firm affiliated with esam janahi, and who also asked to remain anonymous.
The mark-ups meant investors initially owned something worth less than what they had paid for it, an anomaly that most hardly noticed as long as property values kept rising.
It was also common practice for gfh to book massive up-front fees on the money they raised from investors. In some cases, real estate projects were split into several phases so that fees could be collected each time investor money was rolled over into the next phase, according to bahraini bankers.
Such an arrangement is highly unusual outside the gulf, according to people who work in the industry in europe and the united states. Management fees charged by private equity houses and asset managers in other parts of the world are typically modest.
Gfh does not dispute that it charged fees at the start of its projects. "gfh's business model did utilise upfront fees in addition to management and success fees, as did many institutions," it said in its statement to reuters.
Problems
local bankers estimate gfh raised a total of $5 billion between 2002 and today: Much of that money is still locked up in unfinished projects.
An internal gfh document seen by reuters and verified by four former insiders shows that by september 2009, gfh and abu dhabi investment house (adih), a company run by janahi's brother rashad, had jointly raised $1.1 billion for the project. After up-front fees and commissions had been taken out, only about 25 percent of that money reached the mumbai project, according to the document.
An investor in that project, known as energy city libya, told reuters two months ago that he had completely written off his investment as no visible progress had been made and he no longer expected the project to be completed. Progress has been slow in mumbai as well.
"they didn't have enough money to complete the old projects once they had sucked out all their commissions -- they sold them on to related parties, generating even more commissions -- so they had to keep coming up with new ones," he said.
http://af.reuters.com/article/worldnews/idaftre75f4ju20110616?sp=true
ooooooooooooooo
أخي تمويل الخليج....
أنا معاك في ما تقوله ...
لكن التقرير .........صاعقه !!
لو إنه جاي من أية وكاله .......ماشي ...و يعدي ...لكن رويترز ما غيرها....
رويترز تسقط حكومة بكبرها .........مسيطرة على أسواق العالم....إمبراطورية اسمها رويترز. ........!!!
هم نقول الله كريم.
ماشاء الله بدا الهجوم على السهم لما قرب رجوعه ؟؟؟
ليش هالتوقيت ومن مصلحته هالشي
خوفك من الاعضاء الجدد
يا جماعة السهم راح يفتح على اي سعر ؟ وبعدين ليش ما فيه حد اعلى وادني ؟ السعر مفتوح على اول صفقه ، طيب وبعدها يبدأ الاعلى والأدنى ؟ ولا ثاني يوم ، فيدونا
اول صفقه تتم على السهم تحدد حده الاعلى والادنى بالتوفيق
ليش ما يفتح 136 = 34
مثل سعر اخر اقفال
يعني لو ينزل تحت 136 يعني خسرنه اسهمنا و خسرنا فلوسنا ؟!
دورة المؤشرنت للتحليل الفني
50 دينار كويتي