Listed share prices on the Bahamas International Securities Exchange (BISX) continue to move in the opposite direction to their global counterparts. To use ones BISX shares as collateral for Margin loans is like committing personal economic suicide with its immature trading rules.
Mudda you are so right, Sebas wanted to do a full IPO with island luck The Securities Commission frustrated him so much that he had to settle for mutual funds called the Titan Balanced Fund and Titan Fixed Income Fund placed with down market broker dealer Leno.under the name of Investar Securities. Bahamians are beginning to see through these broker dealers and their mutual fund fees for what they are. Scam havens.
MR Potter why offer the mutual fund route when Bahamians can better benefit from the upside growth of BPL share appreciation if you were to offer an IPO to Bahamians just like you British will enjoy when and if oil is discovered in our waters. Even a Bahamian BDR derivative of BPL shares would be a better bet for Bahamian investors in the long run if oil is discovered.
Why treat Bahamians like second class citizens in their own country with a resource that may be discovered in their own country while the many British share holders in BPC enjoy the full benefit. BISX has been existence for over almost twenty years and our capitol market is sufficiently developed with experienced broker dealers who can make an IPO happen that would benefit Bahamian investors much more.
Sue Equinor's facility in Grand Bahama for the environmental cause by the hurricane dorian. That company is worth billions. Apply the billions won to the national depth. The principals of that company are looking at us as a third world country who they can just run over and destroy the environment and get away with.
Going forward every new critical infrastructure built on this chain of islands should be elevated 30 feet minimum above sea level. That includes Airports, Power stations, Hospitals, clinics, water pumping stations, important government offices and the like. Have you readers ever wondered why the Americans bought the highest land in Nassau city and are building their new Embassy on the highest point in downtown Nassau ? Do you think they know something that we don't .? hint hint they have many supercomputers In their universities and they have ran simulations on what climate change will do to year by year going forward. Dorian was a baby compared to their results.
The liquidation list in the Bahamas financial services industry continues with Pacifico Global Advisors now being added to the list including Caledonia Corporate Management, Owen Bethel’s Montaque Capital Partners,Tillerman Securities, Gibraltar Global and least we forget the infamous **Golf Union Bank** and **Clico** from the insurance sector. Not good for this country reputation, I wonder what the liquidation rate is in Cayman and Bemuda
Canadian Banks are divesting themselves of their caribbean subsidiaries because its all about declining profit margins and the never ending legislative changes required by the likes of the FFATF and the OECD, is not helping the situation. This coupled with the fact that the entire caribbean central America area is ground zero with the effects of change. The possibility of Cat 5 hhurricanes like Dorian wrecking the economies of one or more caribbean island state is a real possibility every year. This will result in stagnant to negative GDP growth rates in most countries in this hemisphere and continued losses for the Canadian banks and they have realized this long ago Colombia’s GNB Financial Group is doing what any prudent investor would do and that is to spread their investment portfolio as far and wide as possible and because It is easier to get into the Caribbean which does not have the very strict requirements and scrutiny for entry as would be the case for entry into the United states banking market. .
Mr: Potter ….make sure your oil rig has the latest **Blowout preventer** technology in use in the world today. We need to avoid the Deep water Horizon 2010 oil spill that took place in the gulf of Mexico from possibly happening in the Bahamas..
realitycheck242 says...
Listed share prices on the Bahamas International Securities Exchange (BISX) continue to move in the opposite direction to their global counterparts. To use ones BISX shares as collateral for Margin loans is like committing personal economic suicide with its immature trading rules.
On Leading doctor faces $300k Fidelity payout
Posted 6 December 2019, 5:21 a.m. Suggest removal
realitycheck242 says...
Mudda you are so right, Sebas wanted to do a full IPO with island luck The Securities Commission frustrated him so much that he had to settle for mutual funds called the Titan Balanced Fund and Titan Fixed Income Fund placed with down market broker dealer Leno.under the name of Investar Securities. Bahamians are beginning to see through these broker dealers and their mutual fund fees for what they are. Scam havens.
On Oil explorer in New Year local investor fund
Posted 30 November 2019, 2:54 p.m. Suggest removal
realitycheck242 says...
MR Potter why offer the mutual fund route when Bahamians can better benefit from the upside growth of BPL share appreciation if you were to offer an IPO to Bahamians just like you British will enjoy when and if oil is discovered in our waters. Even a Bahamian BDR derivative of BPL shares would be a better bet for Bahamian investors in the long run if oil is discovered.
Why treat Bahamians like second class citizens in their own country with a resource that may be discovered in their own country while the many British share holders in BPC enjoy the full benefit. BISX has been existence for over almost twenty years and our capitol market is sufficiently developed with experienced broker dealers who can make an IPO happen that would benefit Bahamian investors much more.
On Oil explorer in New Year local investor fund
Posted 30 November 2019, 4:58 a.m. Suggest removal
realitycheck242 says...
Sue Equinor's facility in Grand Bahama for the environmental cause by the hurricane dorian. That company is worth billions. Apply the billions won to the national depth. The principals of that company are looking at us as a third world country who they can just run over and destroy the environment and get away with.
On Polluters could be hit with $30m fines
Posted 21 November 2019, 4:20 p.m. Suggest removal
realitycheck242 says...
Going forward every new critical infrastructure built on this chain of islands should be elevated 30 feet minimum above sea level. That includes Airports, Power stations, Hospitals, clinics, water pumping stations, important government offices and the like. Have you readers ever wondered why the Americans bought the highest land in Nassau city and are building their new Embassy on the highest point in downtown Nassau ? Do you think they know something that we don't .? hint hint they have many supercomputers In their universities and they have ran simulations on what climate change will do to year by year going forward. Dorian was a baby compared to their results.
On Shell open to new power plant IPO
Posted 14 November 2019, 4:10 p.m. Suggest removal
realitycheck242 says...
The liquidation list in the Bahamas financial services industry continues with Pacifico Global Advisors now being added to the list including Caledonia Corporate Management, Owen Bethel’s Montaque Capital Partners,Tillerman Securities, Gibraltar Global and least we forget the infamous **Golf Union Bank** and **Clico** from the insurance sector.
Not good for this country reputation, I wonder what the liquidation rate is in Cayman and Bemuda
On Insolvent adviser meets just 25% of $1m liability
Posted 13 November 2019, 5:04 p.m. Suggest removal
realitycheck242 says...
Banker read this link
bahamaspress.com/2012/07/04/plp-uncover…
On Loretta - I knew deal looked fishy – ‘I feel vindicated for asking where money was going’
Posted 12 November 2019, 3:01 p.m. Suggest removal
realitycheck242 says...
Canadian Banks are divesting themselves of their caribbean subsidiaries because its all about declining profit margins and the never ending legislative changes required by the likes of the FFATF and the OECD, is not helping the situation. This coupled with the fact that the entire caribbean central America area is ground zero with the effects of change. The possibility of Cat 5 hhurricanes like Dorian wrecking the economies of one or more caribbean island state is a real possibility every year. This will result in stagnant to negative GDP growth rates in most countries in this hemisphere and continued losses for the Canadian banks and they have realized this long ago
Colombia’s GNB Financial Group is doing what any prudent investor would do and that is to spread their investment portfolio as far and wide as possible and because It is easier to get into the Caribbean which does not have the very strict requirements and scrutiny for entry as would be the case for entry into the United states banking market.
.
On Colombian CIBC sale goes ahead
Posted 11 November 2019, 5:13 p.m. Suggest removal
realitycheck242 says...
Oil is there but is it in commercial quantities ?.....that's the million dollar question.
On Oil explorer: 'All the tools we will need'
Posted 8 November 2019, 3:50 p.m. Suggest removal
realitycheck242 says...
Mr: Potter ….make sure your oil rig has the latest **Blowout preventer** technology in use in the world today. We need to avoid the Deep water Horizon 2010 oil spill that took place in the gulf of Mexico from possibly happening in the Bahamas..
https://www.google.com/url?sa=t&rct=j&q…
On Oil explorer: 'All the tools we will need'
Posted 7 November 2019, 3:42 p.m. Suggest removal