tag:blogger.com,1999:blog-5124857623766724513.post4792779631630152951..comments2024-01-13T08:27:40.266+00:00Comments on Suq Al Mal: TAQA Responds: No Merit to Peter Barker Homek LawsuitAbu 'Arqalahttp://www.blogger.com/profile/01296250358695456059noreply@blogger.comBlogger45125tag:blogger.com,1999:blog-5124857623766724513.post-30080202304798418232011-07-28T11:18:19.516+01:002011-07-28T11:18:19.516+01:00http://mi.findacase.com/research/wfrmDocViewer.asp...http://mi.findacase.com/research/wfrmDocViewer.aspx/xq/fac.20110217_0000506.EMI.htm/qx <br /><br />anyone know any updates? any merit to what pbh said about sheldon, anyway?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-7914671506184889032011-04-21T04:15:49.410+01:002011-04-21T04:15:49.410+01:00Taqa bosts a record profit year, when the only $ m...Taqa bosts a record profit year, when the only $ made was on paper written with red ink. The only real profit will be the bonuses that are paid. I see that PB's fears of fiscal dishonesty continue well after his departure. <br /><br />disgustedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-1825546422292232932011-03-13T23:04:36.150+00:002011-03-13T23:04:36.150+00:00Abdulla, are your sheets whiter than the others?Abdulla, are your sheets whiter than the others?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-72636405329627075422011-01-11T05:30:45.956+00:002011-01-11T05:30:45.956+00:00Any relation with the arrests of ADWEA employees, ...Any relation with the arrests of ADWEA employees, as reported in The National last week ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-66790780439341085072010-12-31T06:23:27.849+00:002010-12-31T06:23:27.849+00:00May 2011 be a year of prosperity for all who deser...May 2011 be a year of prosperity for all who deserve it and may Allah smile upon TAQA and allow it to flourish and grow under the watchfulness of his people.<br /><br />AbdullahAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-64944143849130592312010-12-24T04:00:32.121+00:002010-12-24T04:00:32.121+00:00The tongue of a dog, no matter how silver the word...The tongue of a dog, no matter how silver the words spoken, is still that of a dog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-83597253642051415472010-12-24T03:58:50.026+00:002010-12-24T03:58:50.026+00:00Is plucking weeds in a dessert not a futile endeav...Is plucking weeds in a dessert not a futile endeavour?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-32177701130142904362010-12-22T14:43:58.420+00:002010-12-22T14:43:58.420+00:00Big changes is just big talk. The assets are simpl...Big changes is just big talk. The assets are simple and there are only two realistic options for TAQA, to stay the course or sell the assets. Both are troublesome because of the assets, and their age. Nobody will pay the premiums TAQA paid. <br /><br />My prediction is BIG PAIN as dwindling cash flows force the company to borrow more, and the board continues its charades of a successful company by declaring dividends when the debt status is clearly in the junk category anywhere else in the world. Fantasy Land Abu Dhabi can only provide so much smoke and mirrors until a ponzi scheme-like strategy cracks wide open.<br /><br />Then Abdullah has the westerners to blame for all. Those lambs are getting their paychecks and meanwhile, they do not know what happens to lambs....they turn into goats very quickly, scapegoats, that is.<br /><br />Yankee Doodle DandyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-20895044578357860762010-12-14T03:51:36.381+00:002010-12-14T03:51:36.381+00:00Abdulla has no choice. Power has shifted and big ...Abdulla has no choice. Power has shifted and big changes are still to come.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-57616199707624931872010-12-12T00:53:50.638+00:002010-12-12T00:53:50.638+00:00Abdulla, why do you allow this?Abdulla, why do you allow this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-29878016002718170632010-11-27T04:30:53.180+00:002010-11-27T04:30:53.180+00:00You are a tree providing shade to the outside.
Th...You are a tree providing shade to the outside.<br /><br />There are things to be said and those to be known, and only a fool mistakes one for another. Pride is not to be trodden on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-3349973284414778792010-11-20T12:02:55.199+00:002010-11-20T12:02:55.199+00:00No matter what, people are people. Power intoxica...No matter what, people are people. Power intoxicates. Misused power will always come back to haunt.<br /><br />Too bad they don't even see that. Dubai World will not be the only failure in the UAE.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-26261424515685468102010-11-15T03:52:40.805+00:002010-11-15T03:52:40.805+00:00The issues with TAQA are mostly culture clashes. T...The issues with TAQA are mostly culture clashes. The Arab culture clashes with the Western cultures where it has holdings. The Arabs do not know how to trust and nurture foreign employees at any level of the company. They deal with all like they are the poor Afghans, Thais, Pakistanis, and Indians who earn a few measly dollars per day doing the Arabs dirty work.<br /><br />Arabs give orders and expect them to be carried out to the letter. The working class in the UAE may be economically dependent. News flash: the Western employees do not take orders unilaterally.<br /><br />Tell us what the Arabs know about running Western businesses. They know how to run them into the ground. The Barker Homek issue is an example of the childish way Arabs deal with their dirty laundry. They have the absolute power at home. <br /><br />WHat they don't know that they should never use it. They misused it in TAQA and now Barker Homek will be millions of dollars richer. Serves them right. Hit them where it hurts, in their egos and wallet.<br /><br />Here's wishing Peter hits the jackpot.<br /><br />GO PETER GO!<br /><br />Dutch TreatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-35162001888236660942010-11-03T03:20:54.785+00:002010-11-03T03:20:54.785+00:00There will be blood to pay for the grave errors mo...There will be blood to pay for the grave errors motivated by greed, fueled by deceptions and resulting in sin. YOU KNOW WHO YOU ARE. The sheep will not stay silent forever.<br /><br />The wicked will be swept up by the sands and the righteous honored by Allah.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-26076464835634908542010-11-01T02:21:27.342+00:002010-11-01T02:21:27.342+00:00Are there any new developments on this case?Are there any new developments on this case?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-88109184902614168752010-10-23T21:57:08.943+01:002010-10-23T21:57:08.943+01:00The truth does not require justification. I am mo...The truth does not require justification. I am more concerned with shaykhly fear, when the fathers learn what the sons on the Board of Directors allowed to happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-30651078770903670072010-10-23T21:54:36.782+01:002010-10-23T21:54:36.782+01:00The Abu Dhabi stock exchange is fraught with high ...The Abu Dhabi stock exchange is fraught with high flying Arab companies who are little more than pretenders with blue chip aspirations.<br /><br />Self regulation leads to self promotion and self preservation.<br /><br />The ADSX will likely have its own skeletons rattled, just like the SEC in the 1930's. Greed leads to moral corruption. Houses made of cards are easily blown down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-87564464620524540192010-10-12T20:23:24.973+01:002010-10-12T20:23:24.973+01:00Everyone thought that Peter created the crazy envi...Everyone thought that Peter created the crazy enviornment at TAQA. It hasn't improved since he left which makes me think that TAQA, not Peter is crazy. I hope <br />Peter brings the company to its knees and frees us all.<br /><br />CanuckAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-38346504428339692302010-10-10T00:08:35.680+01:002010-10-10T00:08:35.680+01:00Another example to show our bothers that infidels ...Another example to show our bothers that infidels cannot be trusted and have no honor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-37719127403591348382010-10-06T14:26:46.603+01:002010-10-06T14:26:46.603+01:00Anonymous
PBH has to win the court case. With ap...Anonymous<br /><br />PBH has to win the court case. With appeals and such. It could be many many years.<br /><br />If the owners want, they can put more assets/cash in to pay. And I would think that shaykhly pride would be more important than shaykhly anger. That is, they wouldn't want to have PBH destroy their national energy champion.Abu 'Arqalahttps://www.blogger.com/profile/01296250358695456059noreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-68184400302951847212010-10-06T05:29:01.579+01:002010-10-06T05:29:01.579+01:00TAQA cannot afford to pay a $490 million settlemen...TAQA cannot afford to pay a $490 million settlement. It will wipe out all the profit from the company it has earned since it was formed. How ironic, that the man who architectured the high risk growth model will be the one who brings the company to its knees through the american court system, unless time stalls the inevitable. Then nothing can save the company from pervasively low north american natural gas prices and the free fall in free cash flow. Buyer beware. If it looks to good to be true, then its Peter Barker and his plastic surgery.<br /><br />Its going to take bags of cash to keep the old oil and gas and power assets from rusting away.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-89274457871093790232010-09-29T15:22:14.325+01:002010-09-29T15:22:14.325+01:00Roughie
Not a surprising turn of events. Having w...Roughie<br /><br />Not a surprising turn of events. Having worked with Peter, he had a reputation for following his own agenda and making others believe it was their agenda too. People soon enough see the forest through the trees. He wants to see the green! Hope that TAQA fights tooth and nail on this.<br /><br />RoughieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-71958821163646634272010-09-19T21:02:41.081+01:002010-09-19T21:02:41.081+01:00Is the TAQA parent company, concerned? As the majo...Is the TAQA parent company, concerned? As the major investor in TAQA, they have stayed uncharacteristically quiet on the steps they will take to reassure investors. The Homek-Barker allegations are punishable sins under Sharia, the Islamic law. <br /><br />May Allah bestow guidance and wisdom during this matter to bring about a swift and just end. May the righteous be absolved and the guilty punished.<br /><br />FareedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-70956894007297222742010-09-19T20:39:11.575+01:002010-09-19T20:39:11.575+01:00Scottie says:
Yes, it was in the quarter press re...Scottie says:<br /><br />Yes, it was in the quarter press release. Incremental earnings from the Sohar aluminium acquisition, resulted in a significant improvement to TAQA net profit over the Q2 2010 period; a positive progression that creates further value for our stakeholders." <br /><br />TAQAs business model is robust indeed as he CEO states. When income starts to decline, they roll in additional income earning businesses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5124857623766724513.post-4052728387159990012010-09-19T04:28:12.180+01:002010-09-19T04:28:12.180+01:00In addition to the B of Ds, take a look at the bio...In addition to the B of Ds, take a look at the bios of the senior leadership team on the website. Some of Execs don't have much in the way of relevant skills and expertise.Anonymousnoreply@blogger.com