Séance du Lundi 31 Octobre 2011

I will give you a story that is 100% true. I will not divulge the name of the bank, the online brokerage service or the Bank. A guy went to open an account under his company name with an online brokerage firm, after supplying all of the needed paperwork, he cut them a check. At the same time, he opened a personal account based out of his convertible account. The brokerage service told him that as long as he got a letter of attestation (attesting that his account was in fact a convertible account) from the bank where he opened the account, that it would not be a problem. He also wrote a check from the convertible account after he was reassured that all funds cashed out and dividends paid in would go into the convertible account and would eventually be funds that could be taken out of the country. After he wrote the check, and the brokerage service cashed the check, they then asked him for a copy of his passport, which he supplied. Checking the stamps on his passport, the bank estimated that he had spent 210 days inside the country of Morocco in 2010, whereas the limit is 183 days in order to not be considered a Moroccan resident. As a result, the Bank in question could not open up the Convertible account, and the brokerage could not honor honor his contract to allow him to trade based out of his convertible account. To add insult to injury, the Brokerage firm said that they could not refund the 100,000 DH that were cashed out of the Convertible account into his regular account, and that they could only pay out the 100,000 DH into a regular Moroccan account. Essentially, the guy would be out 100,000 DH from his convertible account that would now be sitting a Dirhams. This guy spent about 20 hours in total between the paper work and signatures and getting attestations, only to be told that what was agreed to could not be done. What would you do in his shoes?

He decided to close his convertible account with this online brokerage, use the money he was going to invest in the MASI to invest in Algeria and Tunisia instead. He also decided to close his company in Morocco. He had planned on investing as much as $100,000 in the MASI over the next month, and now, he is not investing anything.

What would you do? Do you sue the brokerage? Do you sue the bank? Who do you talk to?

Tu ne penses pas que cet investissement de 60 Mdhs lui faudra au moins 4 à 5 ans avant qu'il ne soit rentable ? Sachez mr que plus une entreprise investit, et plus il faut la fuir. En petit porteur opportuniste il vaut mieux attendre que la société ait finit ses extensions et d'investir aprés afin de court-circuiter tout le processus d'amortissement. Donc pour vous, à chaque fois que ATH ouvre une succursale son cours va galoper...bien sur le jour de l'annonce de la nouvelle. ATH va augmenter son capital, et forcément son BPA va baisser. Label'vie n'arréte pas d'ouvrir des magasins chaque année, est ce une raison unique de croire que son cours va augmenter ?. Risma aussi ouvre et rénove chaque années des hotels, et son cours ne suit pas, même aprés leur ouverture !

On approfondissant un peu, je vous suggère d'acheter Oulmes, vu qu'elle est fortement consommée le jour de l'Aid. Un peu de modestie. L''argumentaire que vous avez utilisé et votre façon de penser pour la bourse me rappellent l'histoire du cours d'Ittisalat Al Maghrib ( Maroc télécom ) qui va doubler car elle offre la double recharge, ....

On a tous passé par cette façon de penser.[/quote]

Pelican a écrit:

Leader a écrit:

Auto Hall s'installe à Marrakech




Voir aussi:

Poursuivant sa politique de proximité, Auto Hall vient d'ouvrir une 2ème succursale à Marrakech.

D'une superficie totale de 50 000 m2, située à l’entrée de la ville, la 2ème succursale d'Auto Hall à Marrakech a nécessité un investissement de 60 millions de dirhams, un chantier réalisé en 10 mois.

L'espace, convivial et moderne, dispose de halls d'exposition distincts dédiés à chaque marque complétés par un vaste atelier avec des équipements répondant aux normes du constructeur, un magasin de pièces de rechange et un espace administratif.

L'utilisation des techniques d'agencement les plus actuelles permet par ailleurs de renforcer la visibilité des produits et l'accessibilité des services et optimise l'identification visuelle des marques selon les normes des constructeurs.

The New Autohall store is being opened in Marrakesh, one of the reasons I am Bullish on Autohall.

Tu ne penses pas que cet investissement de 60 Mdhs lui faudra au moins 4 à 5 ans avant qu'il ne soit rentable ? Sachez mr que plus une entreprise investit, et plus il faut la fuir. En petit porteur opportuniste il vaut mieux attendre que la société ait finit ses extensions et d'investir aprés afin de court-circuiter tout le processus d'amortissement. Donc pour vous, à chaque fois que ATH ouvre une succursale son cours va galoper...bien sur le jour de l'annonce de la nouvelle. ATH va augmenter son capital, et forcément son BPA va baisser. Label'vie n'arréte pas d'ouvrir des magasins chaque année, est ce une raison unique de croire que son cours va augmenter ?. Risma aussi ouvre et rénove chaque années des hotels, et son cours ne suit pas, même aprés leur ouverture !

On approfondissant un peu, je vous suggère d'acheter Oulmes, vu qu'elle est fortement consommée le jour de l'Aid. Un peu de modestie. L''argumentaire que vous avez utilisé et votre façon de penser pour la bourse me rappellent l'histoire du cours d'Ittisalat Al Maghrib ( Maroc télécom ) qui va doubler car elle offre la double recharge, ....

On a tous passé par cette façon de penser.

You guys are funny with the points. I posted an article directly from a reputable news source and placed an explanation and you guys find a way to give me negative points based upon that? To each his own I guess.

I do not believe that simply opening a store is a reason to purchase a stock. However, having once worked for the largest Telecommunications firm in the United States, I can tell you that each "location" brings with it revenue, overhead and free advertising. This having been said, if the "model" works, then each location will eventually increase profit.

The double recharge example of Maroc Telecom is a false analogy because by giving twice as much away for the same price, you are decreasing profit margins, although you could argue, you are increasing customer retention. Customer retention ideas do not work in Morocco because Moroccans are used to being abused by corporations and banks. This is one of the many reasons that foreign currency is no longer finding its way into Morocco.

Banks are being penny wise and pound foolish. In their zeal to keep Foreign currency from leaving Morocco, they have instituted apartheid Banking laws. Essentially, if you open a convertible account and do not stay outside of Morocco for at least 6 months every year after you open the account, then you no longer have the right to use that convertible account. Additionally, if you do not spend over 6 months outside of the country, you do not have the right to a convertible account. Essentially, what this does is that it makes you leave ALL of your money outside of the country.

I know dozens of people who get paid outside of the country in Euro and dollars, NONE of them bring ANY foreign currency into the country anymore because of the crazy banking regulations. They basically get by in Morocco by spending the least amount of money possible and exchange currency for friends, family and colleagues who come to visit. This amounts in Millions of Euros that will NEVER pass through the bank Al Maghreb. Bank Al Maghreb is not doing Morocco any favors through these poorly thought out policies. Thank God for Hashish, Morocco's number one export, if not for Hashish, Morocco's economy would be worse than Zimbabwe's, the real estate market would have crashed long ago, and Generals would not have a way to launder their drug money.

Leader a écrit:

I will give you a story that is 100% true. I will not divulge the name of the bank, the online brokerage service or the Bank. A guy went to open an account under his company name with an online brokerage firm, after supplying all of the needed paperwork, he cut them a check. At the same time, he opened a personal account based out of his convertible account. The brokerage service told him that as long as he got a letter of attestation (attesting that his account was in fact a convertible account) from the bank where he opened the account, that it would not be a problem. He also wrote a check from the convertible account after he was reassured that all funds cashed out and dividends paid in would go into the convertible account and would eventually be funds that could be taken out of the country. After he wrote the check, and the brokerage service cashed the check, they then asked him for a copy of his passport, which he supplied. Checking the stamps on his passport, the bank estimated that he had spent 210 days inside the country of Morocco in 2010, whereas the limit is 183 days in order to not be considered a Moroccan resident. As a result, the Bank in question could not open up the Convertible account, and the brokerage could not honor honor his contract to allow him to trade based out of his convertible account. To add insult to injury, the Brokerage firm said that they could not refund the 100,000 DH that were cashed out of the Convertible account into his regular account, and that they could only pay out the 100,000 DH into a regular Moroccan account. Essentially, the guy would be out 100,000 DH from his convertible account that would now be sitting a Dirhams. This guy spent about 20 hours in total between the paper work and signatures and getting attestations, only to be told that what was agreed to could not be done. What would you do in his shoes?

He decided to close his convertible account with this online brokerage, use the money he was going to invest in the MASI to invest in Algeria and Tunisia instead. He also decided to close his company in Morocco. He had planned on investing as much as $100,000 in the MASI over the next month, and now, he is not investing anything.

What would you do? Do you sue the brokerage? Do you sue the bank? Who do you talk to?

Tu nous soules avec ton anglais à deux sous et tes idées stupides . Tu hais le maroc et les marocains. On n'a pas besoin d'investisseurs de ton genre. Oust Dégage. Shut up your fu**ing .... Bitc*ez

Yuguerten a écrit:

Leader a écrit:

I will give you a story that is 100% true. I will not divulge the name of the bank, the online brokerage service or the Bank. A guy went to open an account under his company name with an online brokerage firm, after supplying all of the needed paperwork, he cut them a check. At the same time, he opened a personal account based out of his convertible account. The brokerage service told him that as long as he got a letter of attestation (attesting that his account was in fact a convertible account) from the bank where he opened the account, that it would not be a problem. He also wrote a check from the convertible account after he was reassured that all funds cashed out and dividends paid in would go into the convertible account and would eventually be funds that could be taken out of the country. After he wrote the check, and the brokerage service cashed the check, they then asked him for a copy of his passport, which he supplied. Checking the stamps on his passport, the bank estimated that he had spent 210 days inside the country of Morocco in 2010, whereas the limit is 183 days in order to not be considered a Moroccan resident. As a result, the Bank in question could not open up the Convertible account, and the brokerage could not honor honor his contract to allow him to trade based out of his convertible account. To add insult to injury, the Brokerage firm said that they could not refund the 100,000 DH that were cashed out of the Convertible account into his regular account, and that they could only pay out the 100,000 DH into a regular Moroccan account. Essentially, the guy would be out 100,000 DH from his convertible account that would now be sitting a Dirhams. This guy spent about 20 hours in total between the paper work and signatures and getting attestations, only to be told that what was agreed to could not be done. What would you do in his shoes?

He decided to close his convertible account with this online brokerage, use the money he was going to invest in the MASI to invest in Algeria and Tunisia instead. He also decided to close his company in Morocco. He had planned on investing as much as $100,000 in the MASI over the next month, and now, he is not investing anything.

What would you do? Do you sue the brokerage? Do you sue the bank? Who do you talk to?

Tu nous soules avec ton anglais à deux sous et tes idées stupides . Tu hais le maroc et les marocains. On n'a pas besoin d'investisseurs de ton genre. Oust Dégage. Shut up your fu**ing .... Bitc*ez

Please say hello to your wife and sister for me.

Leader a écrit:

Yuguerten a écrit:

Tu nous soules avec ton anglais à deux sous et tes idées stupides . Tu hais le maroc et les marocains. On n'a pas besoin d'investisseurs de ton genre. Oust Dégage. Shut up your fu**ing .... Bitc*ez

Please say hello to your wife and sister for me.

Leader, please stop bitchin about how wrong morocco is... we all know what is goin on here , what is wrong and good about our beautiful country!
I guess u will not last long i guess in this forum if u keep on arguing like that, ... So I think u'd rather just concentrate on givin us ur market analysis and everyone will be happy!

Pelican a écrit:

Leader a écrit:

Auto Hall s'installe à Marrakech




Voir aussi:

Poursuivant sa politique de proximité, Auto Hall vient d'ouvrir une 2ème succursale à Marrakech.

D'une superficie totale de 50 000 m2, située à l’entrée de la ville, la 2ème succursale d'Auto Hall à Marrakech a nécessité un investissement de 60 millions de dirhams, un chantier réalisé en 10 mois.

L'espace, convivial et moderne, dispose de halls d'exposition distincts dédiés à chaque marque complétés par un vaste atelier avec des équipements répondant aux normes du constructeur, un magasin de pièces de rechange et un espace administratif.

L'utilisation des techniques d'agencement les plus actuelles permet par ailleurs de renforcer la visibilité des produits et l'accessibilité des services et optimise l'identification visuelle des marques selon les normes des constructeurs.

The New Autohall store is being opened in Marrakesh, one of the reasons I am Bullish on Autohall.

Tu ne penses pas que cet investissement de 60 Mdhs lui faudra au moins 4 à 5 ans avant qu'il ne soit rentable ? Sachez mr que plus une entreprise investit, et plus il faut la fuir. En petit porteur opportuniste il vaut mieux attendre que la société ait finit ses extensions et d'investir aprés afin de court-circuiter tout le processus d'amortissement. Donc pour vous, à chaque fois que ATH ouvre une succursale son cours va galoper...bien sur le jour de l'annonce de la nouvelle. ATH va augmenter son capital, et forcément son BPA va baisser. Label'vie n'arréte pas d'ouvrir des magasins chaque année, est ce une raison unique de croire que son cours va augmenter ?. Risma aussi ouvre et rénove chaque années des hotels, et son cours ne suit pas, même aprés leur ouverture !

On approfondissant un peu, je vous suggère d'acheter Oulmes, vu qu'elle est fortement consommée le jour de l'Aid. Un peu de modestie. L''argumentaire que vous avez utilisé et votre façon de penser pour la bourse me rappellent l'histoire du cours d'Ittisalat Al Maghrib ( Maroc télécom ) qui va doubler car elle offre la double recharge, ....

On a tous passé par cette façon de penser.

Bonsoir ! si vous permettez biensur , je voulais juste ajouter et cloturer cette belle journée avec cette petite (...) remarque, parceque j'ai pas pu m'empecher de noter cela ici :
Oui , je crois que le Maroc est un Cas particulier ,et cela Grace biensur aux Marocains d'aujourd'hui je citerais Là Mr. Pelican ,
En effet, aujourd'hui, on est tous conscient que la BVC est une place très faible au niveau des volumes , ce qui contibue à juguler la propagation de l'ouverture du marché marocain a l'international , et Ca c'est grace biensur aux investisseurs de la place dont je salue fort leurs expertise et leurs professionalisme sur la prédiction , Mais surtout sur l'interpretation des résultats et les raisons pour lesquelles telles ou telles sociètés .... LabelVie , risma...
Vraiment vous devez un peu satisfaire Mr LEADER en écoutant un peu ses consignes (jettez un coup sur ATH a la cloture ;) )
et bon trade a tous !

MC4 a écrit:

Leader a écrit:

Please say hello to your wife and sister for me.

Leader, please stop bitchin about how wrong morocco is... we all know what is goin on here , what is wrong and good about our beautiful country!
I guess u will not last long i guess in this forum if u keep on arguing like that, ... So I think u'd rather just concentrate on givin us ur market analysis and everyone will be happy!

No arguing here. I think that I just do not understand the mentality of being slapped and asking for someone to slap you again.... a guy uses profanity and you are saying that I am the one being argumentative. WOW! 5 years at Goldman and 3 at Mc Kinsey and I have never spoken to so many people who are so full of themselves for absolutely no reason. What part of Forum do guys not understand?

Incidentally, I am particularly offended by those who seem to have limited understanding of English and seem to be questioning my patriotism. I would remind you that critique is the highest form of patriotism. Do you think that ID cards using bio metrics just happened? Or do you think perhaps someone looked at the big old Carte National made a joke about the police man in the public bath and then pushed for the same type of ID's issued by state DMVs all over the US. Do you think that entire process was an accident? It is by being critical that solutions are discovered.

I do not accept the idea of simply accepting the status quo. Rather I challenge everyone to expect more and to demand more. First you must demand more from yourself, then from your employees, and ultimately from your vendors and business partners.

You said it yourself, we all seem to know the deficiencies that exist, so why not work together to address them in a coherent fashion? Why not more forward with a positive agenda? All of this attacking people who want to affect positive change is absolutely mind boggling. I happen to Love Morocco, and firmly believe that if you love something, you must be honest and constructive in your critique. I do not simply say something is bad, you will never just hear that, you will always see that I follow that up with how about doing this, or how about doing that.

Here is the problem I think, I am used to getting thousands of dollars a day to give the kind of advice I am doling out for free here. The reason I am doling it out here for free is that I am certain that it will change someone's mind set, and by changing the mindset of the captains of industry, well, this is surely the best way to affect positive change.

Long Live Morocco!