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Dubai Islamic bank $541m exposure to Nmc
They want administration to hide their own guilt. Erm yeah we knew the $950 million wasnt really for nmc but we lent it anyway
Mrd I agree. Hope the High Court rejects the application. It's the only hope we have!
They cant refuse the application. Can nmc pay its debt obligations? Answer is no. The formal standstill was at the banks discretion. But nmc ai f in stupid still acting like it runs things refused to put ppl on the board. So the bank said ok then lets play it our way!
Mrd so you have resigned the situation here? In your opinion it is all over and you have lost 340k?
Yep 134k. Remember 190k was lost on tullow.
Ate you going to try to win it back by investing in stocks?
No not unless ftse falls to 3600.
If it does il pick up aviva and legal general around 20k. And wait 3-4 yrs.
To make back 300k is too much effort. Too much time.
All the stock market has done over last 14 yrs is taken money given money and finally taken it all again. Why suffer anymore
The thing that I'm struggling with is I had £92k invested in PLUS last April at an average of £7.37. Then I sold at a loss to jump into MTRO where I lost £35k, put the money I had left into here and come away with nothing. Had I have left my investment in PLUS I would have £135 in addition to the dividends they pay! Devastated to say the least.
Dogger I pulled out of bats at £300,056 at 2770. Then sat on cash. Then decided tullow and here. If I didnt id have £345,909 including divis. Rather than 0p. Such is life.
I still have to pay 25 quid halifax acc open. Mine and mrs. Which is burning me even more. Im gonna email em tomorrow and say F u.
The fact that I could have had £135 now PLUS divis and now £0 is making me consider ending it.