I agree with the whole ppol making a fuss bout losing money… I mean, CMON.. no one had a problem when they were minting money

anyways, what u say about MTC does make sense… But what I’m thinking is, the rate at which Africa is growing.. MTC cannot live upto that. They just bought some telecom in africa for a billion$. I think i read that in the paper. Dont you think it’s a lil too much to be investing there ?

I fear manipulation because I’m in a part of a team who do it & I love this job.

by 2007/8 kuwait is only going to generate less than 10% of MTC’s revenues. so third operator or not its not going to matter to MTC despite the CEO’s resitance to it. some morons just want the IPO for the telecom which is why they are lobbying for a third one. i mean come on,… less than 3 million people do not need 3 providers.
vineeth as far as africa goes, the same can be said for india, pakistan and bangladesh,… all too poor to generate significant revenues,.. but we all know thats not the case. thailand malaysia indonesia would have been lumped into the same category no morethan 5 years ago.
i’d rather MTC buy into africa at a reasonable price and dominate the market, than MTC trying to buy something flashy in a developed market cos it looks good.

cant comment on PWC cos i havent really looked at them in detail. i would however stay away from transport. read their annual report and you’ll be in for a shocker. can you say pump an dump lol :P

only chickenshits fear manipulation on the markets cos everyone does it if they can, and those that cant wish they could. and those that know what theyre doing know how to profit from it if they want to get involved.

whether here or the us or japan, youre gonna get the same thing everywhere. people that lose money are willing to blame everything and everyone except themselves. so you get lameass excuses like no transparency, no SEC-like-body,mass manipulation, 3breasted martian women seducing the traders blah blah blah,…

i’m loving it here on this market, and not being either local or arab and not even speaking arabic properly hasnt hindered me at all.

all hail the free market!!! :D

PWC, is a good stock but I’ve this feeling that it’s a very unstable stock. I wouldn’t consider a company which makes money through army supply a blue chip stock (but that’s just me). & another reason I’m not a big fan of PWC is, it’s very obvious that there is a lot of manipulating in it’s prices.

and economies of scale are very applicable at that size. Whats more there is strong resitance for the 3rd operator, and no guarantees that a license will be issued…

MTC has alot of cash on its balance sheet, with strong cashflows going forward, and trades a very reasonable multiple. Its a strong buy for me.

PWC, is the same story. Strong operations, very strong cashflows, huge potential to exploit with regards to logistics and warehousing in the GCC, not to mention Iraq. A firm buy for anyone wanting blue chip local market exposure.

Your analysis, Vineeth, is rather simplistic

Sales r going to go down when that comes out.

Loans are granted upon certain securities. I know my boss has a personal loan for couple of 10’s of million KD. We’ve given a security for the same amount.

I’m a lil reluctant to buy MTC too, cause they recently collected millions from investors for furthur investing, & they’ve been buying out telecom services in africa & god knows places.

$10bn USD alone has been directly loaned out to investors that has in turn been pumped directly into the stock market according to a recent Credit Suisse piece of research. That is a conservative figure, and is only what is “proven”. The actual figure is certainly much higher…

Going forward I would stick to service companies, such as PWC, MTC etc…

but the thing is, all banks doubled in the last one year… Let’s just hope they perform equally well.

Just check Yahoo Finance for international and US markets, yo find professional advice on each stock with graphs showing the stock’s history. Moreover on yahoo finance there are lots of articles posted daily on the stocks you should buy the next day and what you should avoid.

I never invested real money in the stock market yet, i am just waiting to build me some decent capital to do that. I just follow the tips i read analyse the companies and decide on how many shares to buy and i just keep monitoring the stock to see if i made a right decesion. You would be surprised to find out how you would easily learn all that stuff.

Anyways, if you dont have the expertise or time, invest your money in a fund. Take a big picture view on where in the world is attractive and put your money in some good stocks in that country. Investing isnt easy, otherwise we would all be rich.

Half the people writing on the this post are not financial professionals, so don’t be misguided. You will also find practically awfull investment guidance from most investment companies here in Kuwait and from the Banks. The people who will sell you a product dont really know that much about it.

Buy some kuwaiti blue chips like MTC and PWC if you want, and just forget about them for a few years.

If you want to talk more, i would be more than happy to go through the basics with you via email.
Cheers