BMC = 51% Turkish + 49% Qatar
RBSS = 51% BMC + 39% German + 10% Malesia
RBSS= 26% Turkish
No?
Nope. It is a Turkish company (same goes for FNSS, etc). They do business and pay taxes in Turkey, they support and supplement Turkish industry and economy. The financiers behind the company is irrelevant.
But lets talk about the financiers anyway. Sure you can say the profit goes to foreign countries, but profit doesn't always go to stockholders. Most of the profit usually gets re-invested in other projects, usually healthy public companies (on the stock exchange) re-invest most of their profits back into the company (depending on their strategy).
BMC is a growth company (a company that wants to grow x% within x years), because they are planning to open new factories and have/are announcing new projects and products. Growth companies achieve growth by reinvesting their profits, giving dividend (profit) to stockholders is kept to a bare minimum (if any at all). So you don't have to worry about profit (dividend/temettu) going to foreigners in the short term. By the way, there is a 15% tax to dividend in Turkey.
The whole defence industry in TR is a growth industry. That means most companies are growth companies including TAI, Aselsan etc. Aselsan does give dividend, but it's really not worth buying Aselsan stock for it's dividend. You buy it because you know that Aselsan and the likes will grow substantially in the future. TAI has an ambition to grow 5 times in the next coming years for instance.
To give perspective, Aselsan will only gave 5.44% of it's net income to investors in dividend (pay-out ratio/kar payı ödeme oranı).
In comparison, Otokar has a payout ratio of 60% of it's net income to investors.
Source:
https://finance.yahoo.com/quote/ASELS.IS/key-statistics?p=ASELS.IS
https://finance.yahoo.com/quote/OTKAR.IS/key-statistics?p=OTKAR.IS
And neither of this payout ratio is wrong by the way (pay-out ratio over 100% is considered a risky investment). Both Otokar and Aselsan have different strategies and goals and they are acting according to that.
Pay-out ratio in this case suggests that Aselsan's strategy is that it wants to grow in the near future, and Otokar seems to be happy where it is, or maybe it is confident it can grow without withholding dividends from it's investors. Gotta watch their conference call or read their yearly report to get a straight answer about their short, medium and long term goals and strategy.
BMC is not a public company (not in any stock exchange), so their books is not public. But judging from the steps they are taking and planned investments suggests their strategy is growth and expanding it's brand. This means it is most likely that they are reinvesting most or all of their profit.
fvck their justice... Corruption everywhere...!
Yeah, because every SSM tender so far has been corrupt till this day /SARCASM. You are not claiming to be a fanboy of any company, but you are acting like a fanboy or at the very least acting like a hater.
I am sure, if you were at SSM, you wouldn't play favorites or act all corrupt right? You should give those people at SSM some credit and assume they aren't corrupt either. You are attacking people's integrity only because you feel a certain way about a certain political party.