السلام عليكم ورحمة الله وبركاته
كما هو الحال في جميع الأنشطة التجارية وتجارة الأسهم والعملات والمعادن والسلع والنفط …. الخ ..
وكما ان هناك احتمال للربح … فان هناك احتمال للخسارة أيضا …..
كذلك هو حال الشركات المساهمة العامة … وحال المستثمرين والمكتتبين في تلك الشركات ….
وقبل التفكير في الاكتتاب أو شراء أي سهم في أي من الشركات المساهمة …. يجب أن نضع في اعتبارنا ان تلك الشركة معرضة للربح والخسارة …..
هذه المقدمة جاءت بعد أن قرأت العديد من المواضيع والمشاركات بعد اعلان نتائج اعمار والتي تفنن فيها البعض في ابراز عضلاتة في الانتقاد وتوجية اللوم على الشركة ….
بل ان البعض تمادى في التلحين والتحريض ويطالب بسحب الثقة من ادارة الشركة
ومحاسبة ادارة الشركة وتغيير ادارة الشركة وربما بعد فترة سيطالب باعتقال ادارة الشركة … 
الكثير من العبارات والمطالبات العنترية التي قرأتها منذ اعلان اعمار ولا أتذكر حقيقة أين قرأتها من كثرتها
نعم الشركة خسرت جزء كبير من استثماراتها في الشركة الأميركية …. وواضح ان الاستثمار لم يكم موفق منذ بدايتة …. ويجب أن تكون المسائلة والمحاسبة حول هذه النقطة تحديدا ولكل مساهم الحق في ذلك
ولكن وقبل التفكير في المسائلة يجب أن نعلم وندرك أيضا طبيعة الأوضاع الاقتصادية الغير مسبوقة والتي يمر بها العالم والتي أدت الى تلك الخسائر …
ويجب أن نعلم ان هناك دول وحكومات وصناديق سيادية وخاصة وبنوك وشركات ومحافظ … خسرت أضعاف ما خسرتة شركة اعمار …. بل ان بعضها خسرت كل ما لديها وأعلنت افلاسها ….
وما زالت الشركات والبنوك مستمرة في الاعلان عن خسائر تاريخية لم تتعرض لها منذ نشأتها ….
وان الحكومات والدول وبالرغم من جميع خطط الانقاذ وضخ المليارات … عجزت حتى الأن عن الخروج من هذه الأزمة الطاحنة والتي لم يشهد لها التاريخ مثيل ….
صحيح ان الوضع يختلف عندما تكون الشركة مساهمة عامة …. ويجب على الشركة توخي أقصى حدود الحيطة والحذر … ولكن على الشركة أيضا التوسع في الاستثمار والسعي والمحاولة في تحقيق أفضل العوائد للمستثمرين ….
ويجب أن ندرك أيضا ان اعمار كما انها خسرت في ذلك الاستثمار …. فانها ربحت في استثمارات كثيرة وكانت أرباحها بالمليارات
وقد ربح المستثمرين ذهبا سواءا من أسهم اعمار أو عقارات اعمار
ومن يريد أن يحاسب ويعاتب الشركة الأن …. يجب أن يضع ذلك في اعتباره
ويجب أن يدرك المبادىء الأولية للتجارة ….. وكما ان هناك ربح فان هناك خسارة أيضا …..
الشركة سعت واجتهدت وكما حققت المليارات في الماضي …. لم يحالفها التوفيق في هذا الاستثمار … وهي ليست نهاية المطاف ….
وقبل أن يلعب البعض دور موظف الصليب الأحمر الذي يأتي بعد الحدث وبعد وانتهاء المعركة لاحتساب عدد الجرحى والقتلى ….
فيسأل نفسة أين كان قبل الحدث ولماذا لم يدلي بدلوه من قبل ولماذا لم يعطي رأية حول ذلك الاستثمار أو توقعاتة لسوق العقار … الخ … قبل أن يبدأ بالقاء اللوم على الشركة الأن ….
ولماذا لا تتحفنا تلك الأقلام بنظرتها المستقبلية لاستثمارات الشركة الخارجية ومستقبل سوق العقار في الدولة … فقد تستفيد منهم الشركة ونستفيد نحن أيضا
أسهل ما يستطيع أن يفعلة الشخص السلبي أن يلقي باللوم وينتقد وينتقد لمجرد النقد … وهو في الأساس فارغ من الداخل
وأفضل وسيلة للتعامل مع ذلك الشخص أن تسألة عن رأيه أو أن يعطيك الحلول المناسبة !!!
حينها سيقف أمامك كالأهبل المسطول
الكلام غير موجة لشخص أو أشخاص معينين …
والواجب علينا دعم شركاتنا المحلية وتجديد الثقة في ادارات شركاتنا ولا ننكر الجميل لمجرد كبوة تعرضت لها الشركة
كل التوفيق لجميع الشركات والبنوك المحلية ان شاء الله
تحياتي للجميع
From: BUILDER 2009 Posted on: February 19, 2009 12:33:00 PM
Breaking News: John Laing Homes Enters Chapter 11 Bankruptcy
Former CEO Larry Webb tops the list of unsecured creditors with a $1.2 million claim.
By: Alison Rice Related Articles
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The handwriting was on the wall for John Laing Homes. Earlier this year, the Southern California-based builder stopped building and selling homes in several markets, laid off employees, and hired a business consultant experienced with Chapter 11 bankruptcies.
*** ما هو Chapter 11 للافلاس، الله أعلم .. ممكن بو شهاب يفسر لنا
***
And today Laing filed for bankruptcy in U.S. Bankruptcy Court in Delaware, seeking protection from tens of thousands of creditors and between $500 million and $1 billion in liabilities. It says it has more than $1 billion in assets.
Ironically, Laing’s largest unsecured creditor is former CEO Larry Webb, who is still owed $1.2 million in “an “employee-related obligation.”
But Webb is just one of between 25,000 and 50,000 creditors owed money by John Laing, which is the business name for the corporate entity called WL Homes. The voluntary petition also covers Laing’s urban and luxury divisions and mentions concurrent bankruptcy filings for John Laing Homes affiliates in Texas, Arizona, and elsewhere.
The company owes $351 million in secured debt to lenders, according to the filing. That includes $132 million to Bank of America, the lead lender in a multi-bank credit line that includes Bank of the West, National City Bank, City National Bank, and First Horizon Bank. Laing also owes $75 million on a second multi-bank credit line, this time led by Wachovia. Lenders on this credit facility also included Key Bank, AmSouth/Regions Bank, California Bank and Trust, Comerica Bank, Franklin Bank, and PNC Bank.
WL Homes, which does business under the Laing name, is owned by Dubai-based Emaar Properties, which recently posted a loss for 2008’s fourth quarter due to its struggling U.S. businesses. The foreign parent, which has invested more than $600 million in the U.S. builder since its 2006 purchase, indicated in December that it would no longer fund Laing on an unsecured basis, leaving the builder in a precarious financial position.
Alison Rice is senior editor, online, at BUILDER magazine
الشراء ب 1.05 مليار دولار و الاستثمار ب 600 مليون دولار .. المجموع 1.605 مليار دولار (5.9 مليار درهم) .. كله فاشوش ..
هناك بعض المقالات السابقه لمن يحب الاطلاع عليها:
John Laing Homes Weighs Its Options – Local Markets, Economic Conditions, Business – Builder Magazine
John Laing Homes reviewing all options for funding – Netscape Money & Business
DENVER – John Laing Homes has closed its main office in Colorado and may file for bankruptcy. That leaves many Colorado homeowners in limbo.
9NEWS.com | Colorado’s Online News Leader | What happens when your home builder leaves town
و هذه هي القضيه في المحكمه (chapter 11):
U.S. Bankruptcy Court for Delaware
Case No. 09-10571-BLS WL Homes LLC (Main Case)
Chapter 11
Judge: Brendan Linehan Shannon
Date filed: 02/19/2009
Debtor’s Main Business Address:
19520 Jamboree Road
Irvine, CA 92612
Debtor’s DBAs:
WL Homes LLC USA
John Laing Homes
John Laing Homes Luxury
Laing Urban
Laing Luxury Homes
John Laing Urban
Cases to be Jointly Administered With This Case:
09-10572-BLS JLH Realty & Construction, Inc.
09-10573-BLS JLH Arizona Construction, LLC
09-10574-BLS WL Texas LP
09-10575-BLS Laing Texas LLC
According to Chief Restructuring Officer’s declaration, debtor has non-consolidated joint ventures. It is unclear whether those joint ventures are included in any of the 5 Chapter 11 cases. JVs are said to be with Weyerhaeuser, Resmark and RFC.
Debtors Lawyer: Laura Davis Jones
Pachulski Stang Ziehl & Jones LLP
919 N. Market Street
17th Floor
Wilmington, DE 19899-8705
302-652-4100
Fax : 302-652-4400
Email: ljones@pszyj.com
Debtors Claims Agent: Omni Management Group LLC
omnimgt.com
Free View Website Not Set Up Yet
Date of Hearing on “First Day Motions”: 2/20/09
What First Day Motions Debtor Requests to be Heard: More than I’ve ever seen. Go on Delaware Bankruptcy Court PACER if you need to read them.
Debtor in possession financing: To be provided by affiliate of debtors’ owner
Chief Restructuring Officer: Bradley D. Sharp (Hired pre-bankruptcy)
Development Specialists, Inc.
Chief Restructuring Officer’s declaration in support of First Day Motions is the most factually detailed one I have ever seen. If you are a creditor or other party involved with John Laing, it is worth logging onto PACER, downloading and printing it. It is Document 3 in the court’s docket. All of the following information comes directly from that Chief Restructuring Officer’s declaration, without any editorializing by me:
100% of equity owned by subsidiaries of Emaar Properties PJSC, a publicly traded Dubai company (June 2006 purchase price: $1.05 Billion)
November 30, 2008 unaudited balance sheet for debtors show:
$1,300,000,000 in assets
$977,000,000 in liabilities
The “creditor matrix” (names and addresses of known creditors) in the Bankruptcy Court file is 30 pages long.
There are non-debtor affiliates still operating. Their names are on Exhibit “A” to Mr. Sharp’s declaration.
Debtors had 105 ongoing projects at the time of bankruptcy filing.
The declaration gives detailed description of what parts of the debtor’s business the debtor intends to continue during the Chapter 11: Southern California homebuilding, John Laing luxury homebuilding, John Laing custom homebuilder operation. All other building operations are said to have stopped, and the chief restructuring officer indicates all landholdings outside the three surviving homebuilding operations will be sold.
CREDITOR STRUCTURE per chief restructuring officer:
Secured revolving credit facility syndicated by Bank of America (Participants: Bank of the West, National City Bank, City National Bank, First Horizon Bank). Loan is said to be in default.
Secured revolving credit facility with Wachovia Bank, said to be in default.
Secured revolving credit facility with Guaranty Bank. Details said to be in Exhibit B to chief restructuring officer’s declaration.
Secured revolving credit facility with RFC Construction Funding LLC, said to be in default. Secured term loan with RFC Construction Funding LLC, said to be in default. Collection lawsuit pending in Virginia.
Individual project loan with Bank of America. Loan is said to be in default.
Individual project loan(s) with Wells Fargo Bank. Details said to be in Exhibit B to chief restructuring officer’sdeclarationl.
Individual project loans(s) with Indymac Federal Bank details said to be in Exhibit B to chief restructuring officer’sdeclaration.
Individual project loan(s) with First Bank of Oak Park details said to be in Exhibit B to chief restructuring officer’sdeclaration.
Individual project loan(s) with Key Bank details said to be in Exhibit B to chief restructuring officer’s declaration.
Individual project loan(s) with Housing Capital Company details said to be in Exhibit B to chief restructuring officer’sdeclaration.
Unsecured credit facility with Bank of America, said to be in default.
Total secured debt $350.6 Million, not including delinquent interest, penalties, late charges and “fees”. In contrast, total liabilities said to be $977 Million.
Trade creditor debt is said to be more than $20 Million
Debtor owes $6.8 Million in deferred compensation due present and former employees
Debtor(s) said to have signed guarantees for joint ventures’ debts as well
Debtors said to have entered into land purchase options with Hearthstone, Institutional Housing Partners and private parties. Declaration says debtors may have some liability arising out of failures to close escrow.
Debtors have $93.3 Million in surety bonds, $4.7 Million of which have been called.
Debtor’s owners (Emaar) said to have made $206.5 Million in additional capital contributions to debtors after purchase of debtors. Debtor’s owners also said to have lent $407.28 Million in loans to debtors after purchase of debtors and prior to bankruptcy.
Events leading to bankruptcy: Debtors owners deciding not to contribute more capital or unsecured loans to debtors.
*** خخخخ بعد خراب مالطا ***
Debtors main operating bank accounts were allegedly frozen by Bank of America and Wachovia. Both banks set off against the accounts, and Wachovia’s actions allegedly caused debtors’ checks to bounce. On February 12, 2009, Debtors received 5 day notice to quit or pay rent on their Irvine headquarters office.
Employess remaining after February 2009 layoffs: 90 employees, mostly at Irvine headquarters, with weekly payroll cost of $270,000.
Debtors seek permission to honor any severance payment checks to former employees which did not clear prior to bankruptcy filing.
The Chief Restructuring Officer’s declaration contains copious detail about the debtors’ pre-bankruptcy construction defect insurance, customer care, warranty, HOA fee payment and sales incentive policies which they want to continue.
Other information from the docket (as opposed to the chief restructuring officer’s declaration):
Document 18 in the bankruptcy court’s docket is a motion which seeks to set up an “expedited program” to sell the debtors’ undeveloped land and partially developed land free and clear of liens. [I haven’t read it, but this is the kind of motion the existing secured creditors are likely to attack, so don’t count on this motion being approved right away by the bankruptcy judge.]
Document 19 in the bankruptcy court docket is a motion to approve debtor in possession financing.
Document 17 in the bankruptcy court docket is a motion to approve the sale of completed homes free and clear of liens. In the chief restructuring officer’s declaration, he said customers’ deposits were returned to them prior to the bankruptcy filing.
Documents 25 and 28 pertain to emergency motions for a protective order and for relief from stay for the debtor to pay premiums to Zurich Insurance. [Zurich is well known as an insurer of brownfield redevelopment projects. Debtor is the owner of one such project, as described in the chief restructuring officer’s declaration.
Document 13 in the court’s docket is a motion for an order that the Unsecured Creditors Committee may not make public any information given to it by the debtors, and that the Unsecured Creditors Committee has no obligation to make that information available to the unsecured creditors. [The later is contrary to existing case law, but I’ve never seen an unsecured creditor object to this sort of motion when this debtors counsel seeks one.]
Bank of America has already appeared in the case, to say that its attorneys are Phillips Goldman & Spence in Delaware and Donald Gaffney of Snell & Wilmer in Phoenix. Mr. Gaffney is one of the principal nemesis of Woodside Homes and its owners in their Chapter 11 case. Woodside Homes and John Laing Homes have the same law firm as debtors counsel.
RFC Construction Funding, Inc. has also appeared in the case, to say that its attorneys are Landis, Rath & Cobb of Delaware and K & L Gates of Dallas.
اذا في محامين في المنتدى يوضحون شو صاير
مبروك يوسف على اللقب تستاهل والله
هذا هو السبب لشطب الشهره للشركه الامريكيه بالكامل من اعمار
الشركه الامريكيه تسعى الى اشهار الافلاس و طلب الحماية من الدائنين ..
WL Homes Seeks Bankruptcy, Cites Market Collapse (Update2)
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By Steven Church and Dawn McCarty
Feb. 19 (Bloomberg) — WL Homes LLC, the 161-year-old homebuilder, filed for bankruptcy protection from creditors with plans to focus on luxury developments in Southern California.
The company blamed its filing on the collapse of the real estate market, saying its sales last year had fallen by about half from 2007. The company listed assets of more than $1 billion and debt of $500 million to $1 billion in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware.
“There has been a sharp fall in both the number of new homes sold in the United States, as well as the prices of new homes sold,” Chief Restructuring Officer Bradley D. Sharp said in court papers.
The company’s developments include two major projects in Orange County, California. One is a 575-home suburb built on the former Marine Corps Air Station in Tustin and the other is a 1,000-lot community in the beach town of San Clemente.
In 2007, the company had revenue of $948 million on the sale of 1,371 homes. That fell to $287 million through Nov. 30, on the sale of 560 homes, according to court documents. The company had $1.3 billion in assets and $977 million in debt as of Nov. 30.
Homebuilder Bankruptcies
Irvine, California-based WL Homes, which also does business as John Laing Homes, traces its history to 1848, when its predecessor was a homebuilder in the U.K. WL Homes was formed in 1998 when John Laing merged with Watt Homes, according to court documents. In 2006 the company was purchased by Dubai-based Emaar Properties PJSC.
More than two dozen homebuilders have sought bankruptcy protection since June 2007, including billionaire Carl Icahn’s WCI Communities Inc., as the worst housing slump since the Great Depression battered sales.
WCI filed bankruptcy in August after failing to obtain new financing and losing 90 percent of its value in a year. The company listed debt of $1.9 billion and assets of $2.2 billion as of June 30 in Chapter 11 papers filed in Wilmington, Delaware. WCI said gross revenue fell to $936 million in 2007 from $2 billion in 2006.
WL Homes plans to borrow as much as $30.9 million from Emaar America Corp. to help fund operations as it restructures, according to court papers. It is requesting as much as $5.3 million on an interim basis.
The homebuilder owes Emaar and Emaar Hungary KFT about $408.4 million under pre-petition unsecured notes, court papers show. It has secured debt as of Feb. 10, on a consolidated basis, of about $350.6 million, according to court filings.
The case is In re WL Homes LLC, 09-10571, U.S. Bankruptcy Court, District of Delaware (Wilmington).
To contact the reporters on this story: Steven Church in Wilmington, Delaware, at schurch3@bloomberg.net; Dawn McCarty in Wilmington, Delaware, at dmccarty@bloomberg.net.
Last Updated: February 19, 2009 13:46 EST
مستثمر واقعي ..
شوف الفرق بين مساهمي شركاتنا و مساهمي شركاتهم
***********************************
“مبادلة للتنمية” تحصل على موافقة مساهمي شركة “إيه إم دي” الأمريكية
أرقام 19/02/2009
وافق مساهمو شركة “إيه إم دي” (المدرجة في بورصة نيويورك بالرمز إيه دي إم ) في اجتماعهم بأوستن في ولاية تكساس الأمريكية، على المخطط الاستثماري مع شركة مبادلة وشركة استثمار التكنولوجيا المتطورة التابعتين لحكومة أبوظبي.
وكانت “إيه إم دي” وشركة استثمار التكنولوجيا المتطورة شكلتا شركة لتصنيع أشباه الموصلات المتطورة تحت اسم “فاوندري كومبانـي”، وتتخذ من الولايات المتحدة مقراً لها.
ويقضي الاتفاق بأن تساهم إي إم دي بمنشآتها التصنيعية وحقوقٍ للملكية الفكرية متعلقة بعملية التصنيع مقابل استثمار بـ 8.4 مليار دولار من أبوظبي، بحسب ما أوردت صحيفة إميراتس بيزنس 24/7.
كما ستقوم إي إم دي ببيع 58 مليون سهم لشركة مبادلة وضمان بإصدار 35 مليون سهم أخرى لها أيضًا، حيث تنوي مبادلة للتنمية زيادة استثماراتها في شركة “إيه إم دي” لتصل إلى قرابة الـ 19%.
يُذكر أن شركة استثمار التكنولوجيا المتطورة هي شركة استثمارية تم تأسيسها من قبل حكومة أبوظبي للاستثمار في مجال التكنولوجيا المتقدمة– ومقرها أبوظبي– بهدف تعزيز التنوع الاقتصادي لأبو ظبي وتحقيق عائد مالي على الأمد الطويل، ولها اتفاقية مدتها 12 شهراً مع مبادلة تقوم بموجبها مبادلة بالإشراف على استثمار الشركة في “فاوندري كومباني”.