tag:blogger.com,1999:blog-6283845125208268798.post2475469649583021844..comments2024-03-27T11:21:40.742+04:00Comments on Muscat Confidential: Stop Press Muscat Market News. The French bail out of Bank MuscatUndercover Dragonhttp://www.blogger.com/profile/10577931944980469254noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6283845125208268798.post-31109252062227832212008-06-21T09:17:00.000+04:002008-06-21T09:17:00.000+04:00Muscat,Well done. In hindsight (in my experience b...Muscat,<BR/><BR/>Well done. In hindsight (in my experience by far the best way to trade stocks) I wish I'd done the same. <BR/><BR/>My contacts say it should go to 2 rials soon, but profit is profit, so congrats. And no capital gains tax!Undercover Dragonhttps://www.blogger.com/profile/10577931944980469254noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-31607789692572085352008-06-21T01:09:00.000+04:002008-06-21T01:09:00.000+04:00Actually I only did one Voltamp subscription and I...Actually I only did one Voltamp subscription and I was on holiday in Thailand. I didn't even know that it listed. Tuesday night I was on a bus on the way to Phuket Fantasea when I turned on the WAP browser on my Blackberry and decided to spend my time catching up on blogs with Google Reader when I read your post about the listing. I thought I missed my chance. I emailed my broker and asked him to see if he can get me the same price the next morning. I was surprised when he emailed me the next evening saying he sold at 1.5. It's not much, but it more than covers the room service bills and all my wife's spa pamperings during our week in Phuket :)<BR/><BR/>Thanks for the heads up.muscatihttps://www.blogger.com/profile/15955758251080080159noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-2363002631960600582008-06-20T23:02:00.000+04:002008-06-20T23:02:00.000+04:00Muscati,Thanks for the comment. I guess that makes...Muscati,<BR/><BR/>Thanks for the comment. I guess that makes sense, $500mln is a tidy piece of capital reinforcement, and a tidy book profit too I would think.<BR/><BR/>The Government seems to have earmarked the funds for further Pension fund holdings, although their effective stake is pretty large now at close to 40%.<BR/><BR/>Did you fill your boots with VoltAmp? And if so, did you take profit, or are you waiting for the expected 2 rials...?Undercover Dragonhttps://www.blogger.com/profile/10577931944980469254noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-81378070850174659712008-06-20T08:28:00.000+04:002008-06-20T08:28:00.000+04:00I doubt that SG's decision to exit from BankMuscat...I doubt that SG's decision to exit from BankMuscat, a bank which they founded and have guided through close to thirty years, would be for any short term reason such as the CBO's recent tightening of lending norms. <BR/><BR/>In January this year when the story broke about SG's massive trading losses in France and their subprime exposure, the first thing that came to my mind was that SG would probably find this a perfect time to exit BM and get close to $500 million to shore up their capital. SG's share of BM's annual profit is minuscule compared to their other operations, but the real value was in the shares themselves.<BR/><BR/>I am sure that even without SG on the board at BM, the two banks will continue to have a close relationship.muscatihttps://www.blogger.com/profile/15955758251080080159noreply@blogger.com