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Dubai Up a Shiity Creek Without a Paddle. 25-Nov-09 11:08 PM

http://news.bbc.co.uk/1/hi/business/8379...

This will no doubt have wider implications.

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46/Male
Midlands

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 09:00 AM

Surely nobody over here has money in Dubai?

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 09:57 AM

Wasn't BTL FC spending time out that way ? Or was he next door ?

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46/Male
Midlands

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 11:15 AM

Louis,

I wonder what RBS's exposure might prove to be?

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60/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 11:49 AM

Is Dubai World owned by Dubai International Capital, who own the Travelodges
They are offering special rate of £9 per night I guess that is quite close to home

Now I do not have any financial creditability due to my supernumerary status, but I would LOVE to be back in business

Any of you smart young guys who are sitting on a small fortune from selling at the right time. Here is an opportunity!
http://worldmuseumjobs.com/propdetail1.c...
Aworld Heritage Site of over 300 acres
and plenty of residential and business opportunities.
So for the price of 300 acres good agricultural land one can buy 300 acres of contaminated land, a row of cottages, pub, restaurant quayside. I can only put up 10% in cash and it would take me a long time to realise other assets
OK are there actually any men of money and vision out there????

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Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 11:55 AM

Kernow

Sounds like a right money pit.

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Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 12:15 PM

Do you mean to lose money into?
It would depend if you were living there in free housing?

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Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 12:20 PM

Kernow

Any time discussions of buying vs renting come up you focus heavily on one aspect: maintenance.

Now, what's this about a "free" house ...?

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Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 12:30 PM

Did you read the sale notice or visit the website
http://www.morwellham-quay.co.uk/Admissi...
I did not mention maintenance.
If ten people for instance bought a world heritage site for cash and each lived on site, then they are living for "free"

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Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 11:54 AM

RBS I think was only marginally exposed. Anyway it does not matter - British Government has to get RBS up to at least 70p to make a profit - for you the Taxpayer I mean. So any RBS problems will be bailed out - by you the Taxpayer I mean. However you the Taxpayer make totally zero profit personally from all this. We RBS Shareholders do though - lots. Good isnt it?

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 12:47 PM

Stay well clear of any investment in the Gulf, most of the 'governments' are full of playboys without a brain cell between them. All they are interested in is flying their hawks, riding camels and picking up western women....not in that order.

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62/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 01:01 PM

The Gulf may be risky but do invest in happy Libya, where each day is fun, where the green ice cream is something not to be missed, where all the people await who was responsible for Locherbie, led by the charismatic and wise Colonel and son. Invest in the Third Universal Theory there - a mix of best of Communism and Capitalism, a truly happy country not affected in any way by the World Financial Crisis. They have the best camels - I know - I rode one ...

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 03:46 PM

Hmmm....RBS off 7.8% and counting.

When to sell can sometimes be a much more difficult decision than when to buy.

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60/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 04:08 PM

Sell RBS now and you wil miss out on 200p plus as UK Government is paid off, probably 2010/11, then more than the pre crash 331p later. Up to you ....

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 10:28 PM

Lou on another BB someone has already posted RBS's exposure at 2.2b. Cannot confirm this though.

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39/Female

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 08:18 AM

I think yes it is about £2 Billion. No problem - if it defaults the Government will quickly pop in £2 Billion of Tax Payers (effectively Shareholders with zero advantage?) money .....

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 10:20 PM

Fundie,

Mmmh, yes selling is the difficult bit, any old fool can buy....and try to talk up the sp on a daily basis.

Couldn't the govt just go the whole hog and nationalise it? Perhaps the smart money got out on the bounce. I mean they did it to others, could this be a bigger NRK type wreck? Mmmmh I wonder how low it would have to go before alarm bells ring and they nationalise it? Gosh holders would look damned stupid then!!

Ho Ho Ho

PS Santa worship it getting to be a pain, I may not last 'til christmas.

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46/Male
NA

Re: Dubai Up a Shiity Creek Without a Paddle. 26-Nov-09 10:10 PM

Cheap money, overheating property bubble, bust.

Where did we hear that before?

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Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 08:53 AM

Wotcha DB,

HM Treasury will have to make sure they don't leave HM looking like a Lehman.......

...........and others like Laymen.

It's Lamentable.

Or Lamontable?

And I'm a lemon!

I might buy RBS at say 10p.......but I could be on the wrong RailTrack.....

Sentiment : Hold

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60/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:02 AM

Buy RBS NOW ... they will never be cheaper. Abu Dhabi will bail out Dubai and we will be back where we were. And all this unkind stuff about camels. I have riden camels - they are hugely sure footed. They speak Arabic of course, so thats a problem. And there is flatulence. But you can forecast this as they raise their tails. But for transport they cannot be beaten, very Green too. Remember ... "buy on a rumour and sell on a whisper" - or is it the other way round?

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:04 AM

Louis bought LLOYDS this morning going to hold them now if they go lower i will buy more, :-), not sure about RBS at the moment, M

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47/Male
london,

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:09 AM

Good call marco,(lloyds) am waiting for them to go a tad lower then i will be in, what do you think on hawk i cant believe they are still going down,have you still got some? they look like a snip at the mo.

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46/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:22 AM

Hi Chris still holding some Hawk, all oilies are looking cheap at the moment, GKP holding up well considering, AFREN is the one to watch now, buy some at this price as it will rocket within a week, M

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47/Male
london,

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:54 AM

Have traded afro a couple of times getting in and getting out so it owes me nothing ,will get back in,but will have to sell something first, decisions decisions!!! still not sure about gkp though for the short term

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46/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:58 AM

Chris,

GKP was a good buy when marco bought it... he did well.

I'd have serious doubts about buying it right now.

In fact if I were marco i would sell.

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19/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:16 AM

RBS fine in the long Marco buy more. Yes and buy more Lloyds. Abu Dhabi will bail out Dubai then shares will rocket. the reason is that to Arabs to default on debts is shameful. Oh ... and in Islam it is dreadfully shameful to lie ... but then ... Sadam did not, at all, to the UN ... did he?

Sentiment : Buy

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63/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 09:20 AM

Very true Louis, i'm starting to think you may be a profit, don't mistake it with in profit, LOL, speak later, M

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47/Male
london,

Re: Dubai Up a Shiity Creek Without a Paddle. 27-Nov-09 10:13 AM

New underpants and trousers can be bought quite cheap at Pirmark in Oxford Street.
guffaw,

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Re: Dubai Up a Shiity Creek Without a Paddle. 28-Nov-09 04:58 PM

Dubai today, Britain tomorrow. you've been warned!!

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27/Male

Re: Dubai Up a Shiity Creek Without a Paddle. 29-Nov-09 03:43 PM

http://www.dubaiworld.ae/en/index.html

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63/Male

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