“It is inappropriate to reveal details about our arrangements with contractors as we respect the confidentiality of our business exchanges,” said a Nakheel spokesman. “We remain committed to working in partnership with our contractors over the long term.”

Is that especially true when you're not paying them on time... or at all?

Then there's this...

“Certain of the Nakheel Group’s financing arrangements may contain cross-default clauses whereby a default under one of the Nakheel Group’s financing arrangements may constitute an event of default under other” obligations, according to an offering circular for the Nakheel 2011 bonds on Bloomberg.

That could be fun. How do you spell "cascading boom-booms"?

Finally, confirming what I had suspected, the WSJ points out:

But the prospectus notes that "trusts" and "beneficial interests" are alien to Dubai's laws and that Dubai's legal system has no track record of adjudicating complex international transactions. Some other disclaimers: Dubai World, the chief guarantor of the Nakheel bonds, doesn't issue audited financials; the issuer has no attachable foreign assets; the real estate assets under the trust that secure the debt are located in Dubai, which likely wouldn't enforce a judgment from an English court, the document matter-of-factly explains.

So you mean that banks bought - and own - this crap even though there are no audited financial statements and there are no foreign assets that can be seized (those assets INSIDE Dubai can't be seized as they're formally the property of the Emir, and you can't seize the King's land you see.)

This looks like a prospectus for MBS that were stuffed full of liar loans!

WTI 59,44 $ (-0,62%). Za to złoto drożeje, 1.123 $ (+0,68%), ucieczka od ryzyka trwa.

Ja podaję konkretne dane, a Twój "poziom" każdy zna. Poziom dna...

Przed podjęciem decyzji o kupnie badz sprzedazy po wydaniu reko nalezy m. in.

Poszukać innych rekomendacji na temat tej samej spółki i porównać je.

. Zobaczyć, kto jest autorem rekomendacji i czy ma jakieś powiązania z daną spółką.


Cheuvreux
co to biuro i jak wczesniej sprawdzały sie reko tego biura ?

kupilbym ponizej 20... moze i sie doczekam..

A rynkowe stopy procentowe już rosną.

getin mialem srednia 8 zl

Mietek nie każdy ma miliony żeby 2 lata bessy uśredniać w dół

coda to były przy 1400 ...

powazny rozwój sie w 2010 r zacznie

wiec normalnosci wypada szukac w okolicach 3200 na wig20..)

No a ja pracuję w firme zarządzanej przez szwedów i tu straty sięniemal podwoiły.