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You already made your bet, as with many other here,
Your in to deep to project it anyway but from your viewpoint of what you want to happen.
Anyone can spin this anyway they want,It can be called a secret plan of takeover and they don't want the world to know. They are billionaires and know what there doing, They will lose to much by not executing their share control.
Opposite
It has a stop sign, they don't do their filings, They don't communicate with shareholders. and so on.
Spin it anyway one would prefer. It's just a bet.
All good my friend, I will let you think on this bit, I have struggled on this also, and I have come to peace with this.
The controllers of this company are from strong Muslim belief and I have had several conversations with Muslim fund managers on what is acceptable by their beliefs.
The controllers of this company have committed Haram to the shareholders of this stock. and according to their own belief they will be held accountable for this on Judgement day. So there the only ones that can make this right before they DIE. So be it, I'm not judging anyone, it's their own rules and beliefs.
Issues
The disclosing and the gagging of the TA hiding share structure(Haram)
Withheld information of filings and providing truthful information.(Haram)
Not properly reporting share transfer transactions behind the scene. (Haram) And there are a few other issues.
So will they confront their own issues or GO TO HELL, all we can do is say a prayer for them before it's to late. These guys are totally out of Line by their own standards and I'm going to set back and watch this play out.
We were told that there were no roads in the area to support the projects It is so remote. That’s why he said that.
Good question I was just thinking of the power projects with the risk reward and the physical property,
Very doable in their terms of project funding, they can use Sukuk funding and make it of any size they need for projects. or do a Menasat.Lol
Green sukuk issuance is also likely to accelerate as efforts to combat climate change gain traction and countries in the region start renewable projects. Dubai is targeting a renewable mix of 75 per cent by 2050 while Saudi Arabia intends to build a $200bn solar project.
“A lot of these investments could be financed through green sukuk,” said Mr Damak.
Separately on Monday, Dubai Islamic Economy Development Centre (DIEDC) signed an agreement with the Dubai International Financial Centre, Dubai Financial Market and the Climate Bonds Initiative on Monday to collaborate on growing the green sukuk market and stepping up the exchange of knowledge and expertise in the field.
“The agreement aims to promote the issuance of green sukuk in the UAE and across the world, in addition to developing the standards of certification for green sukuk along the lines of the Climate Bonds Standard and Certification Scheme,” DIEDC said in a statement.
full article
https://www.thenational.ae/business/gulf-islamic-banks-poised-for-mid-single-digit-asset-growth-over-next-18-months-1.911034
Generating funding in Comparison to Western Bond financing,
Islamic law prohibits what's known as "riba," or interest. Therefore, traditional, Western debt instruments cannot be used as investment vehicles. To circumvent this, sukuk were created in order to link the returns and cash flows of debt financing to a specific asset being purchased, effectively distributing the benefits of that asset. This allows investors to work around the prohibition outlined under Sharia and still receive the benefits of debt financing. However, because of the way that sukuk are structured, financing can only be raised for identifiable assets.
Thus, sukuk represent aggregate and undivided shares of ownership in a tangible asset as it relates to a specific project or a specific investment activity. An investor in a sukuk, therefore, does not own a debt obligation owed by the bond issuer, but instead owns a piece of the asset that's linked to the investment. This means that sukuk holders, unlike bond holders, receive a portion of the earnings generated by the associated asset.
Full link
https://www.investopedia.com/terms/s/sukuk.asp
Construction of Thethi tourist axis, turnover diverted in October-November
from aurora.shapka -24/09/2019
TIRANA, September 24 / ATA / Due to the construction of the Thethi road, the traffic on this road will be diverted according to a schedule from October until the end of November. Shkodra Protected Area Administration notifies all drivers to avoid this axis starting next month in the schedule of work.
"We apologize, but due to the reconstruction of the Qafë-Thore-Theth road, a length of 16 km, for the works to be done in the difficult area, at kilometer 2, the existing road will be blocked," it says. in the official announcement.
Specifically, circulation will be prohibited:
From 08:00 - 12:00;
From 2pm to 6pm;
For the period October 1 to November 30, 2019.
The construction of the Thethi tourist road axis is proceeding at a rapid pace so that next season it will be accessible to all visitors. /a.sh/jp/
https://ata.gov.al/2019/09/24/ndertimi-i-aksit-turistik-te-thethit-qarkullimi-devijohet-ne-muajt-tetor-nentor/
NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced it has executed a definitive agreement to acquire all of the equity interests of Hillstone Environmental Partners, LLC (“Hillstone”) from Golden Gate Capital for approximately $600 million, subject to certain adjustments. Hillstone provides water pipeline and disposal infrastructure solutions to producers with a core operational focus in the state line area of southern Eddy and Lea Counties, New Mexico and northern Loving County, Texas in the Delaware Basin.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190926005405/en/
Pro Forma Northern Delaware Basin Asset Map includes existing assets, assets under construction, pipelines and pipeline rights of way. (Photo: Business Wire)
Pro Forma Northern Delaware Basin Asset Map includes existing assets, assets under construction, pipelines and pipeline rights of way. (Photo: Business Wire)
Hillstone has a fully interconnected produced water pipeline transportation and disposal system, which currently consists of 19 salt water disposal wells, representing approximately 580,000 barrels per day of permitted disposal capacity, and a newly-built network of produced water pipelines with approximately 680,000 barrels per day of transportation capacity. Hillstone also has an additional 22 permits to develop another 660,000 barrels per day of disposal capacity. NGL expects to integrate the Hillstone system into its existing Delaware Basin platform to maximize uptime and redundancy for its producer customers.
All of the water volumes on Hillstone’s Northern Delaware Basin system are delivered via multiple, large-diameter pipelines. Hillstone also has an aggregate of over 110,000 acres contracted under long-term dedications with priority disposal rights or minimum volume commitments.
“We have made substantial progress in our ongoing water strategy in the Delaware Basin, and the Hillstone acquisition represents another important milestone for our Water Solutions franchise following the closing of our combination with Mesquite in July,” stated Mike Krimbill, NGL’s CEO. “This transaction is highly complementary to our Delaware Basin asset footprint. It not only adds a redundant, interconnected produced water pipeline system with significant permitted disposal capacity that fits perfectly within our existing footprint, but importantly, it also supports our ongoing strategy of increasing NGL’s cash flow predictability.”
“The integration of the Mesquite assets is fully underway and providing immediate benefit to our customers. The certainty of offtake and reliability of our integrated system of large diameter pipelines will provide approximately 2.7 million barrels per day of operational disposal capacity in the Delaware Basin, including the addition of Hillstone,” stated Doug White, NGL’s Executive Vice President of Water Solutions. “The high-quality Hillstone assets include long-term contracts with investment grade producers. The contracts have an average remaining term of greater than 10 years, minimum volume commitments, and first call priority volume commitments that minimize impacts of timing related to recycle and reuse activities.”
NGL has arranged financing for the transaction including certain preferred equity and debt commitments in an amount necessary to fund the entire purchase price. This transaction, which NGL estimates has been made at an approximately 7x multiple of forecasted run-rate EBITDA once certain contracted volumes are online next year, is expected to be accretive to distributable cash flow per unit in Fiscal 2021, the first full year of ownership.
The transaction remains subject to satisfaction of specified closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. NGL expects this transaction to close in 2019.
Barclays is acting as financial advisor to NGL. Barclays and Jefferies have provided a committed debt financing to NGL to support the transaction. Winston & Strawn LLP is acting as legal counsel to NGL on the Hillstone transaction. Hunton Andrews Kurth LLP is serving as legal counsel to NGL on the financing transactions.
Tudor, Pickering, Holt & Co. and Jefferies are acting as financial advisors to Golden Gate Capital and Hillstone. Kirkland & Ellis LLP and Nob Hill Law Group, P.C. are acting as legal counsel to Golden Gate Capital and Hillstone.
Forward-Looking Statements
Certain matters contained in this press release include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to: the conditions to the completion of the acquisition may not be satisfied or the regulatory approvals required for the acquisition may not be obtained on the terms expected, on the anticipated schedule, or at all; financing may not be available on favorable terms, or at all; closing of the acquisition may not occur or be delayed; the Partnership may be unable to achieve the anticipated benefits of the acquisition (including with respect to contracted volumes); revenues following the acquisition may be lower than expected; the risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: Crude Oil Logistics, Water Solutions, Liquids, and Refined Products and Renewables. For further information, visit the Partnership’s website at www.nglenergypartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190926005405/en/
NGL Energy Partners LP
Investor Relations:
Trey Karlovich, 918-481-1119
Chief Financial Officer and Executive Vice President
Trey.Karlovich@nglep.com
or
Linda Bridges, 918-481-1119
Senior Vice President - Finance and Treasurer
Linda.Bridges@nglep.com
Commercial:
Doug White, 720-213-1579
Executive Vice President - Water Solutions
Doug.White@nglep.com
Thank You Joe for the Support much appreciated, many things go on outside of the I hub world as we all know.
Topfuel
The old song take one down and pass it around ??? Hydro dams on the logs
It’s Friday the 13th how about an 8K
Shala is a keeper, get rid of some of those smaller ones IMO
That's a huge red flag IMO all those projects in such a small country, (Just keep the big projects), Previous government mismanagement
Are we halted I’m going to drop my ask to 90.00. LOL
It was ticker CVR MLP I Just looked at what I was charged for taxes for 2018, everyone can play there own games they want with their own taxes.
09/06/2019 12:57:01 TRANSACTION BETWEEN TWO GL ACCOUNTS
-1,401.00
WT Here is all I can add, Interactive Brokers will not let you hold them in a IRA (at least my account) TD Ameritrade and Fidelity Do.
From what I have learned if you don't make over 1k you do not have to claim it.
I prefer to hold for distributions on these but do like to trade to lower my cost basis also (so I pay the taxes), If i'm making money in my IRA I will pay doesn't matter to me.
I made some good gains on CVRS last year about 20k before buyout. TD ameritrade sent me my notice and filed the tax form for me to the IRS just off my earnings for the MLP and that's what I paid taxes on, I was charged a small late fee (ok with me) probably would have paid a accountant more. They take it right out of the IRA no penalty. My Annual taxes are not very complicated. I use H&R Block poor.(LOL)
I don't have many units of NGL compared to some here but I don't know if I'm ever going to sell them now, my cost basis is moving down around 8 dollars and I'm up substantially and I feel I am moving into a position to just ride the ups and downs and let it generate income.
I use to sell when my earnings equaled like a year of distributions, thinking I would have the window to get back in, But I feel good about NGL and am going to let it roll.
That's all I got, this is all IMO, Do whats right for you and check with whoever you can get to talk to you about it, I checked with a couple small accountants and they just had that lost look when I asked them about MLP'S
Since it appears PSPW will be with Muslim Leadership it will likely be with a Shariah compatible group of investors, this may be a little unsettling for some, but this is a another whole world of investments and opportunities for growth,
Take a look at this site, So many different opportunities to generate funding for projects.
https://www.investaaa.com/index.html
Has anyone found a independent company from the UAE that has listed on the American stock exchange? (not the Dubai NASDAQ)
I used to think that, but I have not been able to find one UAE company that is on the NASDAQ exchange. Would they put assets in a OTC?
UAE has a fund that 20 UAE Banks and big firms have Joined on Dubai NASDAQ, but that is way over Falak Holdings earnings.
I have found Irish PLC business's that trade on NASDAQ if that is their goal.
Its probably because of their religion or there would be other companies from the UAE their already,
So if Falak Holdings and Properties are holding all these shares with ownership and they try to uplist this company to Nasdaq is that a double standard of their beliefs?
I hope all this turns out great for everyone, but what some are thinking, and they are thinking, may be totally different.
Wolfgang and his past business leadership really have me concerned and him having to refrain from holding PSPW stock, but I believe he has a 100k ownership of Shala Energy PLC. from my guestimation.
Thanks for digging You Da best
People have a tendency to think of a whole country as being big. Albania is approximately 28,748 sq km, while United States is approximately 9,833,517 sq km. Meanwhile, the population of Albania is ~3.0 million people (323.6 million more people live in United States). We have positioned the outline of Albania.
WHY do they need all those projects in that little $hithole Country (former PM sold it out and stuffed pockets?)
something very wrong and they still have to import half of their electric as of today because they setup Hydo concession and just let them export all the electric right out of the country using their resources. They write big articles but this puts a enlightened view on the B/S IMO.
Do you ever wonder where the 15 million shares are that Salem hani had? Does anybody know. Or just speculation on what happened to them
Disagree Sir They do not file correctly with the SEC updating Clients as they were lost as required, They only pumped the new ones, Therefore there Crooks IMO
Watch out for the reverse split, this one fits the profile.
Glad to see your still hanging around
Construction of Thethi's road starts next week
https://www.albaniandailynews.com/index.php?idm=34776&mod=2
Thank stark12
Sinohydro Overview
A comprehensive background to Sinohydro can be found at www.sinohydro.com and eng.synohydro.com.
Currently, Sinohydro has 486 international projects under construction in more than 72 countries, with a total contract value of nearly USD 43 billion.
Sinohydro have been present in Tanzania since 2005 and has completed several construction contracts in road, water, and transport infrastructure. It is active in many African countries and has been responsible for the construction of coal and hydropower power plants, road construction and associated infrastructure in Kenya, Uganda, Zimbabwe and the DRC. Sinohydro has been the strategic cooperation partner of major Chinese financial institutes including China Exim Bank, China Development Bank, Sinosure and ICBC. With its deep understanding and relationship with Chinese funding organisations Sinohydro has also successfully assisted foreign governments and relevant authorities in obtaining funds from China for major development and infrastructure projects.
https://markets.ft.com/data/announce/full?dockey=1323-13102969-5H8PCPREPVUTBNG2MKAJ5HN3CQ
CNBC must be reading IHUB posts HA!
Beijing’s Belt and Road plans could boost the Islamic banking sector
China’s pursuit of business and economic links to the Middle East is expected to spur further development in Islamic finance around the world.
Specifically, China’s Belt and Road Initiative, a regional infrastructure investment program spanning over 100 countries, has been touted as a boon for the Islamic banking sector. Such financing complies with Sharia principles, meaning it adheres to the Islamic laws that prohibit earning interest on loans and bar funding activities involving alcohol, pork, pornography or gambling.
The linkage between the BRI and Sharia-compliant financing is that China will require vast investment to fund its grand ambitions to construct a network of land and maritime economic corridors through the Middle East, Africa and Europe. Much of that could come from funds raised through Islamic financing tools, experts said.
On top of that, “some of the projects (that are) part of the (BRI) will go through some core Islamic finance countries and therefore might be financed in Sharia-compliant ways,” said Mohamed Damak, global head of Islamic finance at S&P Global Ratings.
Many of the countries along the infrastructure belt are home to predominantly Muslim populations, including Central Asian countries such as Kazakhstan and Uzbekistan.
The Islamic finance market is poised to grow to $3.8 trillion by 2022 — up from $2.2 trillion in 2016, according to Thomson Reuters calculations. It also has potential beyond Muslim countries because organizations are placing greater importance on sustainability goals and such standards often have overlapping principles with Islamic investing.
Beijing may be keen to get in on the action where the Belt and Road is concerned: State-owned news outlet CGTN published a May opinion piece cheering the possibility of Islamic financial vehicles pairing with the multi-content infrastructure project.
“Given the prudent decision of the Chinese leadership to significantly expand environmentally sustainable and climate-friendly infrastructure projects, there is a distinct opportunity to unlock the combined synergies through the convergence of Islamic finance and funding of the BRI,” the author wrote.
The challenges faced by the Islamic finance industry
And some in the Middle East are already noting the potential.
“The Belt and Road is about supporting infrastructure development and economic growth,” said Adnan Chilwan, chief executive of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, during an event in Dubai last October, as reported by UAE newspaper The National.
“When you talk about financing such projects, clearly there is a great opportunity for Islamic banking. It is a catalyst for bringing public and private funding together,” Chilwan reportedly said.
The BRI will be “very important” for Islamic financing and accelerate the halal trade, said Massimo Falcioni, CEO of Etihad Credit Insurance.
The potential is huge as it covers everything from food to cosmetics, pharmaceuticals, tourism, and also insurance and financials, he said.
“I think pursuing (the BRI) is a big opportunity. It will create a corridor which is not existing” and which covers 40% of GDP, said Falcioni. “It’s all an opportunity for everybody to participate.”
Meanwhile, there have been some signals about Chinese interest in the space. The China-headquartered Asian Infrastructure Investment Bank signed a memorandum of understanding with the Islamic Development Bank — a Saudi Arabia-backed institution — to collaborate on various areas including Islamic finance development.
Hurdles
Despite the upbeat tone from industry watchers on the potential of Islamic financing, the issuance of its most well-known and accessible product — bonds known as sukuk — actually slowed in 2018, data show.
Sukuk Issuance data by S&P Global
The number of Islamic bonds or Sukuks issued slowed in 2018 after several years of growth.
S&P Global
That was mainly due to banks affected by the sharp depreciation of the Turkish lira in 2018 and lower growth for some banks in the UAE and Qatar, said S&P’s Damak.
Sukuk issuance had grown strongly in 2017 in part from Chinese entities such as Country Garden and Beijing Enterprises Water Group issuing Islamic bonds through their Malaysian subsidiaries in 2015 and 2017, respectively. The companies used those proceeds to finance projects in the Southeast Asian country.
But Chinese issuers have actually pulled away since then. That’s been attributed to the complexities involved in rolling out such products, particularly as standards differ across regulatory regimes with varying interpretations of Sharia compliance.
“They say, ’The process is too complicated. We don’t see the economic added value to walking this route,” said Damak.
“In the past, there was some interest. There were a couple of issuers in China that have looked at the sukuk market eagerly ... but they eventually decided to walk away because of the complexities related to sukuk issuance,” he said.
“They need to adjust to the regulatory environment, identify the underlying assets, structural goals, have lengthy discussions with lawyers and Sharia scholars to put together a transaction,” Damak explained.
Discussing Maybank Islamic’s expansion beyond Southeast Asia
Still, financial links between China and the Middle East continue to grow.
Indeed, the United Arab Emirates’ national credit insurance agency, Etihad Credit Insurance (ECI), signed strategic memoranda of understanding with three Chinese financial giants in Beijing that will allow businesses from both countries to sell on credit to each other, and are expected to generate a value of $3 billion over the next two years, according to Etihad Credit Insurance’s Falcioni.
The three financial institutions in China are the China Export and Credit Insurance Corporation (Sinosure), Industrial and Commercial Bank of China (ICBC) and Bank of China.
“UAE’s policy in the last three years, especially after the fall of the oil price, it has shifted towards India and China,” said Sankara Narayanan, team leader of country analysis for the Middle East and Africa at the Economist Intelligence Unit. He noted China’s relationships have increasingly moved from just trade partnerships to joint ventures.
— CNBC’s Yen Nee Lee contributed to this report.
https://www.cnbc.com/2019/08/20/islamic-finance-beijings-belt-and-road-plans-could-spur-the-sector.html
Nice little find of info Shala Energy PLC looks as if the auditor resigned.
It was Ecovis DCA Limited https://www.ecovisdca.ie/
Menasat used the same auditor, The paper work will be scanned and updated in about a week, probably wont say anything but that they resigned as auditor.
She may of had good vision or skeletons in the closet to hide to get out of Parliament, That has sure tuned into a mess,
Latest one I am watching is the mayor of Shroder Albania just resigned after being elected, some bad doings in Italy 17 years ago he did not publicly announce.
Now there is talk of Luzim Basha running for the seat, which he would overwhelming win, This is the county for our projects and I don't want bad news Basha even close to the situation over there.
He's the one that the USA ambassador threatened to blacklist when protesting the elections in June, the leader for the DP, he shut his mouth and changed his protesting calling for peaceful rallies instead of burning everything after that. Blacklist means almost terrorist, he has already had his USA visa pulled.
Just looking at the difference's from Western Investments to Sharia compliant Investments, I still think they are going to get this done. It just gives me a different perspective on looking at things,
Davids recording with the office and mentioning they had a couple of investors Interested? I think that was just talk, I question what she considers Investors. She also told me 3 years ago the project was going to start that year.
Very good question, If you look at the Sports city website there is a company that provides financing for people buying properties there under Islamic terms since interest on loans is prohibited. there stock is traded on the exchange over there I believe.
Only thing I picked up on the Glow Park is that TRI (Falak) actually operates the Glow park in Dubai for the Government Municipality, I had thought they owned it, I do not have the link but a official had said the contract was coming due for the glow park again.
Many unanswered questions, I had read that tourism was not compliant also, but see much involvement in that also.
halal =friendly (compliant)
opposite of halal is haram, meaning “forbidden
S&P Dow Jones Indices has created many Shariah-compliant indexes for Muslim investors. The S&P 500 Shariah was launched in December 2006. The S&P 500 Shariah Index is comprised of all of the Shariah-compliant constituents in the S&P 500. As of October 2017, it had 235 constituents with information technology accounting for the largest portion of the Index at 38%.
Other Shariah-compliant indexes maintained by S&P Dow Jones include: S&P Global Healthcare Shariah, S&P Global Infrastructure Shariah, S&P Developed Large and Mid Cap Shariah, S&P Developed Small Cap Shariah and the S&P Developed BMI Shariah Index.
https://www.investopedia.com/terms/s/shariah-compliant-funds.asp
Islamic Financial Products Based on Sharia-Compliant Contracts
In accordance with Islamic law (sharia), Islamic financial products are based on specific types of contracts. These Sharia-compliant contracts support productive economic activities without betraying key Islamic principles as some conventional financial products do. Sharia-compliant contracts cannot create debt, cannot involve the payment of interest, and must provide for a sharing of risk and responsibility between the involved parties.
To be valid, an Islamic contract must feature subject matter that is lawful, has value for a Muslim, and is specific enough to avoid uncertainties. The service or asset described in the contract generally must exist when the contract is being created, must be owned by the seller (hence prohibiting short sales of stock, for example), and must be deliverable.
Here are some of the most commonly used contracts in Islamic finance:
Contracts of partnership allow two or more parties to develop wealth by sharing both risk and return:
Mudaraba: One party gives money to another party, which invests it in a business or economic activity. Both parties share any profit made from the investment (based on a pre-agreed ratio), but only the investor loses money if the investment flops. The fund manager loses the value of the time and effort it dedicated to the investment. (However, the fund manager assumes financial responsibility if the loss results from its negligence.)
Musharaka: This contract creates a joint venture in which both parties provide investment capital, entrepreneurial skills, and labor; both share the profit and/or loss of the activity.
https://www.dummies.com/personal-finance/islamic-finance/islamic-finance-for-dummies-cheat-sheet/
Maybe They write there own rules and beliefs
I see they did get my email and made the change here, last time they marked yes and it had been over a year for filings, I asked if they were just making copy and paste errors.
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
¨ Yes x No
Form 10K for year ended March 31, 2019
I do believe that the shala project will move forward, but have a different view and opinion about were this is all going.