Sunday, September 25, 2016


9-25-2016   Newshound Guru mike   ...in my opinion, it's not the value of the dinar that's keeping investors out of Iraq. It's the lack of banking and investment laws coupled with the crippling corruption that is Iraq. Look at it this way, the total market capitalization for the ISX is roughly $9 billion dollars. There are a bunch of folks that could literally buy every stock available on the ISX, in the big picture, $9 billion isn't a prohibitive number. So, why hasn't anyone done that, heck, they could own every business on the ISX for that amount.  The answer is security, stability, laws, infrastructure and politics. When Iraq can make the environment more conducive to fair and open market policies, the investors will come, even if the dinar is still at 1182.   ...historically the CBI has only talked about raising the value. However, I can remember when the dinar was 1166 to the dollar and now it's 1182, they've already reversed course on what they've previously stated. Moving from 1182 to 1400/1500-$1 isn't so farfetched to me, especially with the price of oil at $40 something a barrel.

9-25-2016   Newshound Guru mike 
 Article:  "Iraq Stock Exchange launches instructions online trading system for investors"   Quote:  "...he emphasized that the service will be launched in the first quarter of 2017..."   [Is anyone else able to hear the can being kicked down the street another time?] I hear it loud and clear.  Here's the thing, for years now anyone, who wanted, could buy Iraqi stock. The thing is, who wants to?  Until the investment and banking laws are in the books and the banks are functioning like they're supposed to, no one is going in and buying up shares of Baghdad Bottling, it's just not worth the risk.  There are tons of other penny stocks to buy in countries that are much more stable than Iraq, the reward just isn't enough. 

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