slstock wrote:1) Thank you all for your comments
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
2) Can I ask ( hoping to get a reply), how many actually read the whole article ? It took me nearly 2.30-3 hours to write, edit and post.
~~~~~~~~~~~~~~~~~~~
3) Did you note the below statement in the article ?
"
How many of you figure how many world markets ( in Asia including ) gained 20-30% last year while CSE was dead ! HOW SAD !
So who can revive CSE? Suddas? Government? Us?
Answer is, if all concerned parties get together , including the government, CSE can be revived easily. Some neglected shares easily needs 50-80% share runs from now to update their value! For the patient it is a selected gold mine !"
I repeat, at CSE , some shares are so beaten down and undervalued by any world standard, that they need 50% or more share price updates. Market was dead for the last 3 years and share prices only went down ( except for the manipulated or seasonal) .
4) Did anyone notice , within next 2 market days after writing this post
a) CSE was Green with decent volume
b) 2 shares in the finance sector list I gave above declared over 5% interim dividends?
namely VFIN Rs 3.5
ALLI Rs 4
c)
Now here is a task .. out of the Finco shares mentioned
which one do you think is severely undervalued ( I mean still trading atleast 40-50% below to real value based on fundamentals) ?
~~~~~~~~~~~~~~~~~~~~~``
5) I was not writing on forum/Facebook for several reasons.
Amongst them
i) for health reasons ( If am dead I can't write
)
ii) writing didn't bring me any purpose
I mentioned many times why I wrote for the last 7 years.
It was for a goal to uplift the shareholders and then hoping we can make CSE/Sri Lanka respectively more sustainable and a better place to live.
You see when a person is hungry it useless talking about ethics , or how to build a country. The immediate need is to get fed short term. They wouldn't care for Bana will they ?
Likewise , at these cyberspace places, we tried to help people with knowledge we learnt the hardway ( when we had no forums or genuine people to learn from) so they can find a method that is long term sustainable and doesn't lose sleep doing it. After they do so , they can spread the word and join hands to make Sri Lanka get out of the sheer abusive state it is in ( do I need to explain what am talking about ? It IS NOT THE PARADISE COUNTRY CALLED SRI LANKAN AM TALKING ABOUT , BUT THE SHORT SIGHTED BAD ATTITUDE PEOPLE WHO MAKE EVERYONE ELSES LIFE DIFFICULT LIVING IN IT)
After nearly 7 years stubbornly not giving up, I finally realized this is an uphill struggle with minimal support from even the wanting who chose to stay silent ( maybe the majority is so but they still stay silent) but will get headches and opposition from the voiceferous few even if I/we speak the god known truth ( in most cases) for betterment of everyone.
How many shares I/we warned about , the predictions came true. Does anyone care to analyze even ? ( I hope you don't ask me to name them as I can but don't want to )
6)
Yes my number 5 point was the longest. Why?
My heart aches for this PARADISE and the innocent people who are sadly victimized with no visible foreseeable solution due to bad attitudes, and bad behaviour of a lesser crowd. Isn't it a irony or a socially allowable/repeatable phenomenon to see Politicos and their wives ( who are supposed to set examples for people) to wield Guns and kicking people in public ? Ofcourse in decent country there is the law enforcement. But hey wait .. do we trust them even ?
So question is then whom do we trust ?
Whom can we trust ?
SO WHERE IS THE PROBLEM?
7) Lastly.. as far as undervalued share are concerned.. it cannot be suppressed for ever.
There WILL BE SUNSHINE AFTER A STORM.
Nihal CIND is not in the finance sector. If read the post , I mentioned about the construction sector too. ( Btw , I still hold CIND even though performance was down )
ET,
More than CFIN ... I see better dividends and prospects with LFIN.
Good luck all.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Am going to comment on some common questions asked that I think will be useful to public
in some depth
To answer ... questions from :
1) Nihal :
CIND is not in the finance sector. If you read the post , I mentioned about the construction sector too ( Btw , I still hold CIND even though performance was down )
2) ET :
Per you question "but I heard some one writing (in this forum) of an investor(local) keeping its price low intentionally. What are they gaining by doing this. I am confused. Is this manipulation?"
Yes it is possible in a market like ours with lesser liquid shares.
All one needs is money power to put a Big Sell order and then place Buy orders at the bottom to collect lower.
Btw, more than CFIN ... I see better dividends and prospects with LFIN.
CFIN was undervalued at Rs 80. Now it is Rs 105. Looking at CFIN earning pattern
and knowing how their management is non adventurous , I see several other shares deserving
bigger run than CFIN based on earnings and prospects.
3) SPW19271 ( god knows why you picked 19271 hehe) :
Question :
"Foreign activities in cse is fading day by day, especially in these days. buying getting slow. Is that the political uncertainty the only reason ? After all, Will there be a new tax structure with effect from April 1st?Again CGT fear?"
Answer :
a)
Well am not in SL right now as you know. I can tell you , except for the commonwealth countries , Sri Lanka name is not even known too well by general public of certain western countries. They think we are part of India ( we usually get famous in the news only for bad acts like raping girls in UK , or Terrorism or Natural disasters or Day light robberies)
If you take Asia , there are many more known countries like India , Thailand, Singapore, Taiwan, China , Hong Kong etc foreign funds/Investors have choice to pick form. India investment are in Blllions of $$$
So when in SL, the Rupee gets devalued , and there is uncertainty , it can slow down
foreign buying.
As far as am concerned, am doing everything I can to promote Sri Lanka in the country am at
presently ( other than mass events , maybe one person at a time in some cases )
Btw, I really don't see a political uncertainly
Next 2 years is set anyway.
What I do see as issues for foreign ( even local ) buying are
i) POLICY UNCERTAINTY ( not political uncertainty )
ii) Rupee devaluation by Rs 2-3 with uncertainty
b)
There will be a new tax structure from April. I think one of them was to change
Dividend tax from 10% to 14%. This is a stupid move which demotivates investors.
In Sri Lanka, crazy policies are made over night and removed overnight.
That a big uncertainty to deal with. This lead to the question I asked ...
in my last post " WHERE IS THE PROBLEM"
c) On CGT, on CSE.
As per my past posts, unless they are suicidal, they cannot do it.
There is no technology or infrastructure to Tax capital gains on CSE anycase.
Btw, what Capital Gains on CSE will they talk about?
Market has been Dead. They have to pay us Capital loses reverse Tax !
Anycase , CGT was last proposed only for Land/Property sales ( over 10 year I think) .
Not CSE
~~~~~~~~~~~~~~~~~~~
BTW Kithsri,
a) Only you said (so far ) you read my last post which took 2.5-3 hours to write.
But appears there are lot of silent views !
Speaks volume the situation at this forum which also reflects our country behaviors
in general
b) I saw your last post / answer.
I am the one who gave you a like.
Take it as compliment that I totally agree with what you said in it.
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