I hope everyone is doing well. I wired $72,000 to the trading account this week. They have received $48,000 so far, but since trading doesn’t open again until Monday, we won’t see any changes until then as far as changes in our account. They should have the rest of the wires no later than Sunday, so we may see a big jump in total number of shares and of course our overall net asset value will be increased.
The net asset value has not changed enough through today to make anything out of it which is why I have not done any sort of video on it or made a post about it. That should change early next week and I am excited to see and bring you those changes.
Things are looking very promising over there and the news has truly been outstanding. While we are continuing to be hopeful, we have to wait and see if all that news translates into a new rate. Nothing in this is guaranteed, so we need to stay hopeful, but reserved in our anticipation and expectations.
The wired funds should be close to 100,000,000 dinar which would increase our shares substantially. If they put it all in BMNS, we would have enough to cover that part of the buy order plus some extra to add to IMAP and/or IBSD. We are getting very close to completing the buy order we placed in December. We might complete that order this month at the rate investment funds have been coming in lately. Time will tell.
We currently have just under 10,100 blocks to date.
Not to mention that Baghdad Softdrinks IBSD announced that they will be paying 20% per share. Thats over 8.9 million dinar dividend payment.
That is great Rudy, 20%.
8.9 million dinar…is that math right?!
Andrew, take 44,634,629 shares multiple it by 20% and you get
8,926,925.80
Baghdad Soft drinks sure is going to be very lucrative for us all. Thanks Rudy!
For the record, we have not received any official mention of IBSD paying dividends or the amount to be paid. If they do pay 20%, it will be 20% of the stock price based on the price at the end of March. I believe it may be a bit premature to announce any dividends this early since they have not held their general assembly at this time.
They have paid out 15% for the past few years. We will wait until we receive the official notice before talking anything specific on this. If the rate has not changed when the dividends do get paid out, those dividends will be reinvested. We will only pay out if a new rate has been implemented.
This is right out of Al Karnal Brokage announcement.
عربي /English
قررت شركة بغداد للمشروبات الغازية في اجتماع الهيئة العامة ليوم ٤ /٣ /٢٠٢١ توزيع ارباح للمساهمين بنسبة٢٠% من راس المال للحسابات المالية
للسنة المنتهية في ٣١/١٢/٢٠٢٠
Baghdad Soft Drinks Company decided, in the general assembly meeting on 4/3/2021, to distribute dividends to shareholders by 20% of the capital of the ended year financial statements on 31/12/2020
#سوق_العراق_للاوراق_المالية #iraq_Stock_Exchange #Learn_To_Earn #RebuildIraq #بيبسي #pepsi #الدولار #اسهم
Thanks Rudy. I’m not sure why my broker didn’t let me know about this. You are right that they will be paying 20% on the value ending Dec 31, 2020. That would mean 20% of the share value at that time. Since the stock has increased in value since then, I’m not sure exactly what they are paying on. It is not the number of shares, rather the value of their stock at that time. I think the share price at that time was right around 3.5 dinar (not sure of actual rate). 20% of 3.5 would be .7 dinar per share or about 31 million dinar. I could easily be wrong, but that is what I am seeing.