I could give some good investing advice here.I would like to give some information about my countrys stock market
I'm a 20 year old college student from Turkey, I have a great intrest in stocks,poker, and sports betting.Recently I've invested 35k of my money in the national Telecommunications company of Turkey, which is called Türk telekom. They pretty much have an monopoly on phone and internet but not the cellular network.
In 2009 the company made a profit of 1.4bn dollars roughly and gave 45 cents dividend per share(the trading price is 4.60try currently). This is roughly %10 dividend a year.
Türk telekom has a plan of buying the broadcoasting rights of the Turkish national football(soccer league). Let me tell you that in Turkey soccer is everything, on average 15 milion people get tuned into a soccer game on TV.
The bidding for the broadcasting rights will end on January 16, and if they get the rights then i think the stock price per share will jump from 4.5 to maybe 5.5 on short term.This will improve the telecoms brand value.
The current market value of Turk telekom is $11bn , It has a great potential and it might increase to $15bn in 3-4 years. This company is a monopoly and the goverment owns %30 of it, the rest is owned by an arab company called oger telecom, the goverment has many key people in the management area and will do everything so the company can still be a monopoly. They control Turkey's international internet backbone, all the private internet companies rent Türk telecoms backbone
They cant set up one themselves because the goverment doesnt grant them a license.
Why I'm giving this advice? I want you foreign folks to bring in some money to my country
I dont have any other catch.
You can invest in Turkey by opening a bank account in any of the banks in turkey.
Just google turkish banks and come here to open an account.
You can open an account from citibank
Anywy some people can think its fishy since its my first post, I've been browsing this from in spectator mdoe for like a week, and decided to join it.
The company has a very good foundation and it wasnt affected by the global economic crisis, all the bank stocks fell atleast %70 in Turkey, but telecom gave a profit of 1.4bn.
More info here
http://www.turktelekom.com.tr/tt/por...s/About-Us/FAQ
Anyway I hope this advice helps
Last edited by Halukcan; 01-04-2010 at 07:59 PM.