Seef IPO, good or bad? What do you think?

[ted]

Hey everyone,

I recently purchased some Seef IPO stock, now i'm hearing it was not such a great investment? What do you think?

[BikeMaster]

The wife wanted to purchase some of that, but i said not to, basically, in my view, seef mall is going down, my reasons are as follows

1- the new expansion is empty, normally shops would be booked before completion of the project

2- City Center is going to be the biggest mall in the middle east to my knowledge.

I looked at it this way, if seef was making lets say $2 million a year, and that was going to the government, why would the government want to share the 2 million? for what purpose? our government is not that generous as we see.
An inside source also told me that there are a few outlets in seef who are not renewing thier contract for 2008/2009 because they want to move to City Center when it opens.
Also you are purchasing less than 1% in actual fact, 25000 shares is less to my knowledge.
Anyway it goes, i didnt buy into it.

Why were u told it was bad?

[ADM]

The government wouldn't let go of it if it was still making big profits. I have a sense that Seef mall is going to be dead soon.

Like BM said, the big investment now is City Center. Its new, and its going to be fully packed and flooded with people. It will be the new hype when it opens, like Seef did when it was first built.

[ted]

I was told it was bad for a couple of reasons, largely for the same reasons you told me! lol
But also, i was told, Seef cannot expand in its area, or it would be a very small expansion, therefore the price of the shares will not increase....also it is possible that seef will open in other locations; therefore meaning they might be trying to diversify because of the upcomming mall...
lastly i heard this sort of stock will only increase annually with a small percentage, therefore is not a 'high risk stock' so it cannot produce high yields...

But the Good, i heard that it is highly unlikely for seef to go 'under'...?????

[Kayman]

anyway i dont think the price will go down but it certinly wont go up by much.

ive bought some, lets wait a yr or two and see what happens.

[-=<FOXXX>=-]

from my knowledge Seef Mall was built from the Housing Bank but I maybe wrong . If I am right then they should have sold the rest of the share to those who have eskan applications

[designo]

The reason why I didnt go for it was "ethics and morals"

Ilhamdillilah I dont need the money. And that is the reason why people who are not in need should not invest in something that belongs to others!

Housing bank built this mall. The money used to build this mall was money from the Housing Ministry that should have gone towards giving housing loans and/or housing services to the needy families!

What happened?

They built the mall with that money, and gave only 30% of its shares to needy families! The rest 70% was gulped down by the government. And now....

Instead of giving the rest of the 70% back to the needy families and/or those waiting on housing servies for 20 years, they are trying to make more money by selling it off.

What do you think will happen to that money when they sell off the IPO's ???? Yeah you gessed it! GULP GULP GULP!!!

Therefore, I for one, refuse to buy something that belongs to others!!!

[ADM]

d For President!!!

[NOS4EVER]

+1 For an honest person :)

My father wants me to buy some shares and I cant say no to him :(

[ted]

The reason why I didnt go for it was "ethics and morals"

Ilhamdillilah I dont need the money. And that is the reason why people who are not in need should not invest in something that belongs to others!

Is that true?! How is that possible?????? How can youu pull off something like that and get away with it?

[The Shadow]

Is that true?! How is that possible?????? How can youu pull off something like that and get away with it?


The Uncle can get away with anything
read my sign

[Silvervette]

Well,

Bike Master you quoted the following "City Center is going to be the biggest mall in the middle east to my knowledge.", i guess you are mistaken because the Biggest Mall in the Emirates is going to be Dubai Mall which is around 5-6 times the size of a Soccer Field and is going to have a hotel, as per media claims it will take 5 days for a person to shop in that Mall.

designo, your worda are 100% right.

Back to the topic, i feel confident enough that it really isnt worth investing in the Seef IPO for the following reasons:

1) Seef Mall is pretty Old and is going way down.

2) City Centre is going to be a huge compettitor to Seef, the first day City Centre opens im quite sure no one will be left at Seef.

3) There are still lots and lots of empty spaces in Seef Area which may be invested by Business Men, Investment companies who are even much more stronger that AlFutaim Investments.

4) There is always a bigger chance to open another mall bigger than City centre, its an ongoing story, the bigger,better & huge mall is going to always breakdown others.

[A.Z]

If you guys are so into investing why don’t you come to me and invest in funds?

[Silvervette]

Adel Zainal

what fund are you talking about?

[A.Z]

Mutual Funds..
Different companies from different countries.

[ADM]

Mutual Funds..
Different companies from different countries.
I told you i would invest 1000BD and you didn't get back to me on how much i could make. I know its not much, but its a good start.

[Silvervette]

And how much do they cost????

More info plz, anxious to no more.

[A.Z]

I told you i would invest 1000BD and you didn't get back to me on how much i could make. I know its not much, but its a good start.
hmm its not possible to tell you how much would you make with 1000 BD unless we agree on the term and payment.
the longer the term gets the more profit you make, you can choose a monthly payment or yearly.

what you can do with this amount right now until you get more cash is:
1) invest 83 BD/month.
2) invest 995 BD/year.

now tell me for how many years do you want to have this plan
I would suggest 5 years and above to gain good profit.

[ADM]

hmm its not possible to tell you how much would you make with 1000 BD unless we agree on the term and payment.
the longer the term gets the more profit you make, you can choose a monthly payment or yearly.

what you can do with this amount right now until you get more cash is:
1) invest 83 BD/month.
2) invest 995 BD/year.

now tell me for how many years do you want to have this plan
I would suggest 5 years and above to gain good profit.
OK, im about to go on an arm and a leg here. What about 50K? And what is the interest rate? I will keep the money in for 10 years,and will not break the contract.10 Calendar years.

Give me an interest rate, or will it be a fluctuating interest?

[twin-turbo]

In my opinion i think seef and Al ali mall and all the other surrounding malls will suffer when City centre opens its natural everyone will want to get stuff from the new shops, but there is no reason why seef can not give healthy competion if they plan carefully and make the correct choices for the longterm, short term they gonna hurt,

and is seef aloud to build UPwards??

i think the only problem with that whole area is the parking, i hate going to seef at night because of the terrible traffic morning or late night mid week, is time to shop for me :)

[outlaw rider]

i also purchused some stosks like wats da warst dat could hapen loose 400 or 600 dinars but think if it ll really worked out u ll get triple da money u invested

[-=<FOXXX>=-]

hmm well here's how I see it

this IPO is for Seef Properties NOT only Seef Mall, Seef Properties was established from the housing bank and they own several properties in Saar, Hamad Town, Riffa, and many other places infact they are one of the fund providers for the Northern Town project in Budaiya which is one of the biggest housing projects in the country.

But here's the exciting part. Seef IPO are selling the shares WAY BELOW their actual value. So that means you get more than what you paid for

plus this money you are investing is most probably going to the Northern Town project which will mean more homes for eskan applicants.

Besides if you think Seef would be killed off because of City Center then you should have thought bout what would have happen to them when Dana Mall and Bahrain Mall opened up next door.

In conclusion Seef properties will not die down anytime soon and IMO the IPO is not really about owning a share of the mall but alo investing indirectly into property and real estate

[ted]

hmm well here's how I see it

But here's the exciting part. Seef IPO are selling the shares WAY BELOW their actual value.

Do you have any idea of how much they are actually worth now??? One way I got encouraged to buying it, is because it cost 0.125fills to non bahraini's....so i could always sell them for 0.115fills and make a small profit...

[A.Z]

And how much do they cost????

More info plz, anxious to no more.
In our case we don’t have something called how much does it cost because we play it this way:
You want to put lets say for example 2400 BD/ year
This 2400 BD is going to be divided upon 10 different funds to minimize the risk of losing your money.
So at the end of the day it depends on how much are you welling to invest in those funds.

[A.Z]

OK, im about to go on an arm and a leg here. What about 50K? And what is the interest rate? I will keep the money in for 10 years,and will not break the contract.10 Calendar years.

Give me an interest rate, or will it be a fluctuating interest?
The interest rate that I’m going to assume is not stable because there is nothing constant in the stock market, we invest in funds that made profit between 50-300% but we don’t promise you these figures I can only show you the figures or you can visit their website www.franklintempleton.com
The highest interest rate we tell you is 15% if you are going to invest on the long term BUT aspire the bank’s policy we are allowed to show you only 9-10%
This is what we call promise less and over deliver. :up2:
Anyway I’ll make an illustration for you to see how much would you get approximately. :D

[ED]

The interest rate that I’m going to assume is not stable because there is nothing constant in the stock market, we invest in funds that made profit between 50-300% but we don’t promise you these figures I can only show you the figures or you can visit their website www.franklintempleton.com
The highest interest rate we tell you is 15% if you are going to invest on the long term BUT aspire the bank’s policy we are allowed to show you only 9-10%
This is what we call promise less and over deliver. :up2:
Anyway I’ll make an illustration for you to see how much would you get approximately. :D
adool, do u invest/deal or just get placments?

[Kayman]

adoool 3yaar bas yaby esawy business 3shan m3ashah ezeeed.

[-=<FOXXX>=-]

Do you have any idea of how much they are actually worth now??? One way I got encouraged to buying it, is because it cost 0.125fills to non bahraini's....so i could always sell them for 0.115fills and make a small profit...

the actual value of the shares are 240fils I can't remember how they were calculated but i'll let u kno once I figure it out. Besides if you are gonna sell the shares ur better off waiting for another year or by 2008 where you have the option to buy extra shares.

But one thing's for sure there are 2 malls owned by Seef Properties right now and more to come. Plus the company is involved in other projects which are to be released soon

[designo]

the actual value of the shares are 240fils I can't remember how they were calculated but i'll let u kno once I figure it out. Besides if you are gonna sell the shares ur better off waiting for another year or by 2008 where you have the option to buy extra shares.

But one thing's for sure there are 2 malls owned by Seef Properties right now and more to come. Plus the company is involved in other projects which are to be released soon
Of which we built both, and of which both owe us over BD60,000 each since 1996!

Screw them and their properties!

[vette4ever]

Well,

Bike Master you quoted the following "City Center is going to be the biggest mall in the middle east to my knowledge.", i guess you are mistaken because the Biggest Mall in the Emirates is going to be Dubai Mall which is around 5-6 times the size of a Soccer Field and is going to have a hotel, as per media claims it will take 5 days for a person to shop in that Mall..

Bro, just to add you this info..

When BM said that City Center is going to be the biggest mall in the ME, He is right .... Not the Biggest mall in genral but as a City Center Groups

[-=<FOXXX>=-]

Of which we built both, and of which both owe us over BD60,000 each since 1996!

Screw them and their properties!

wait a minute

are you tellin me ur company owes 120K from seef properties and you still haven't moved an inch of ur a$$ to get that money back???:nutkick:

in that case you my friend should have had better security in situations like this, unless you had no idea about the fact that you would be conned by a govt entity.

[Silvervette]

Bike Master,

Sorry i missunderstood, gotya now,i guess its gonna be huge then.

vette4ever, thanks for the explanation.Really kind of you.

[ted]

K a few things, firstly Desino 60,000x2x11years interest=supermodel girlfirend, nice car and a house! (my bad i know its hard to hear!)

Zainal, I was offered a job in Stand.Chart.Bank, with a job in this investments area, the money i was going to get on Commission was HUGE! Thats the main reason i didn't take the job! It felt like it was more of a scandal! not trying to be offensive, so how does your one differ???

Back to Desino on a serious note, K despite all the negatives, in simple do you think it would be a good investment?????

And to Foxxx, then if they are selling it for that much below par it sounds very good!

[-=<FOXXX>=-]

the value was calculated based on the total assets seef properties own divided by the amount of allotted shares

[A.Z]

adool, do u invest/deal or just get placments?
Invest/deal.


adoool 3yaar bas yaby esawy business 3shan m3ashah ezeeed.
:blink: Okay !


Zainal, I was offered a job in Stand.Chart.Bank, with a job in this investments area, the money i was going to get on Commission was HUGE! Thats the main reason i didn't take the job! It felt like it was more of a scandal! not trying to be offensive, so how does your one differ???
You didnt take the job because the commission was huge? Why? :thinking2
By the way why did you feel it was scandal?

[A.Z]

What about 50K? And what is the interest rate? I will keep the money in for 10 years,and will not break the contract.10 Calendar years.

Comparison of projected cash surrender values at different assumed composite net investment yields after 10 years:
8% - 107,902 BD
9% - 118,172 BD
10% - 129,312 BD

[ADM]

Comparison of projected cash surrender values at different assumed composite net investment yields after 10 years:
8% - 107,902 BD
9% - 118,172 BD
10% - 129,312 BD
That is pretty impressive. But it could not go the way i want it to either.

This needs to be discussed with the old man.

[ted]

You didnt take the job because the commission was huge? Why? :thinking2
By the way why did you feel it was scandal?


For example if someone invested US 5000, i was recieving over 10% commission!! 1)So if i was selling, lets say, US 20,000 i would be getting more than my total salary by far...
2)for everymonth the clients money was investsed i would be earning commission...

In other words i felt i was earning, soooo much commission, that the person trusted me with their money, i felt had a bad deal, it was as if i took their money didn't care what the investors did with it, only that i recieved commission.....

it didn't feel right at all....

But of course i am not saying that is what you are doing, so please don't take offence

[A.Z]

For example if someone invested US 5000, i was recieving over 10% commission!! 1)So if i was selling, lets say, US 20,000 i would be getting more than my total salary by far...
2)for everymonth the clients money was investsed i would be earning commission...

In other words i felt i was earning, soooo much commission, that the person trusted me with their money, i felt had a bad deal, it was as if i took their money didn't care what the investors did with it, only that i recieved commission.....

it didn't feel right at all....

But of course i am not saying that is what you are doing, so please don't take offence
This is how it goes:
1-3 investors you get 5% of the 1st annual premium.
3-8 investors you get 10% of the 1st annual premium.
8-above investors you get 15% of the 1st annual premium.

That’s it you wont get anything else every month or whatsoever.
The reason why I get high commission is because I bring big deals to the bank & it’s not like credit cards where you get 75 Bd as a commission if you bring 20 customers.

Beside that the investor is going to get huge profit at the end why would you feel guilty that he trusted you with his money, he is already making more money!
By the way there are fund managers and their job is to keep an eye on the fund and work as hard as they can to let the investors money grow by switching the funds or whatsoever because they have commission as well if they made the investor make more money, so basically there is nothing to worry about because the money is taken care off and you were not fooling the customer.
And even if you did fool him by your words at the end he will have to read several pages and sign on them and after 2 weeks he will receive another documents to read and sign if he understands everything, this is just to make sure that nobody fooled him.

At the end don’t worry I didn’t take it as an offense I’m just clearing few things that seemed unclear to you since you didn’t take the job.