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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka: Stock Market - Blood Bath on First Day of Ranil's fourth Term lead UNP Government - over 500,000 Investors are awaiting Rs.500,000 per investor Margin Trading promise given in UNP Manifesto amounting to over Rs.250 Billion

Sri Lanka: Stock Market - Blood Bath on First Day of Ranil's fourth Term lead UNP Government - over 500,000 Investors are awaiting Rs.500,000 per investor Margin Trading promise given in UNP Manifesto amounting to over Rs.250 Billion

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DealKing

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The first Monday of UNP Lead Ranil Wickremesinghe's fourth government recorded a 'Massive' collapse so far at 1.23 p.m. on Monday the 24th August 2015, just before a hour till market close.Analysts said investors started to shed their investments like 'Hell Game' or whilst behaving in CSE like in a 'Gambling Spot' cutting their investments short.

Meanwhile Presently sworn in Prime Minister Ranil Wickrmesinghe has already promised on the Page 10 (Sinhala Language Version) of United National Party (UNP) lead United National Front for Good Governance' (UNFGG) Manifesto that each Small investor in Colombo Stock Exchange will be given Rs.500,000 to trade on Colombo Stocks via Margin Trading Facilities.And some market analysts said that small investors are thus planning to buy stocks at huge discounts whilst they will be framed in 'Margin Trading Fiasco' where as Sri Lankan Stock Brokering houses and Margin Trading Providers are charging over 16% to 31% per annum as Margin Trading Interest.

Some market insiders told that it is possible that Perpetual Holdings a unit owned by Ranil Wickremesinghe appointed Central Bank Governor Arjuna Mahendran's Son-In-Law Arjun Aloysius who has become the 'Bond Emperor' of Sri Lanka in less that 8 months in year 2015 will soon venture into Margin Trading Business providing Margin facilities via a new 'Perpetual Company' in which thousands of small investors will be given Rs.500,000 margin trading facilities for each account. Some insiders also said that Arjun Aloysius is also looking out to acquire a Stock Brokerage or to get Stock Brokering license soon to one of his 'Perpetual' entities.

Blood Bath of Colombo Stock Exchange recorded amidst Sri Lanka's former and famous Bond King Ajith Devasurendra who was silent for over two years after his 'Controversial Involvement' in the 'NSB-TFC Deal coming out on Monday the August 24th  and buying over 310 million shares of his own company - Taprobane Holdings PLC (TAP) at Rs.5.50 per share via another company of Devasurendra named C H C Investment (Pvt) Ltd.

Analysts note that there are nearly 570,103 domestic Sri Lankan individuals investing as per (Central Depository System) CDS and this means that nearly little over 500,000 of them are retail small investors in Sri Lankan Stock Market, and they will face a Rs.250 billion or US $ 2 billion Market Bubble as a result of UNP's policy on Rs.500,000 Margin Trading per person that is promised small investors.

Currently brokers provide a maximum of only 20%-50% Margin for Stock Investments based on portfolio value and 100% Margin based on portfolio value is only provided via bank and finance companies.Margin interest charged by small time investors by Market Intermediary margin providers vary from 16%-31% per annum. Some argue that there will soon be a 'Big Bubble' of the Stock market with UNP's Margin Trading promise whilst public is now going to question UNP candidates such as 'Dr. Harsha De Silva' who used to criticize stock market highlighting that 'It is a Casino' during previous government of UPFA, whilst now under UNP giving over Rs.250 billion credit for small investors with Margin will definitely create a 'Margin Trading Bubble' and a 'Stock Market Bubble' in economy creating 'Casino' type Colombo Stock Exchange under UNFGG government.

Reference - Bond King buying Taprobane http://www.cse.lk/cmt/upload_cse_announcements/9471440394639_.pdf

Reference UNP lead UNFGG Manifesto

anjelo

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
it says up to 500,000 so that does necessarily mean 500,000 every person.
so there wont be a big bubble as 2 billion.
may be  1 billion max.

DealKing

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@anjelo wrote:it says up to 500,000 so that does necessarily mean 500,000 every person.
so there wont be a big bubble as 2 billion.
may be  1 billion max.

Haha @Anjelo still it is a 'Bubble' and US $ 1 billion means a nearly Rs.137 billion 'Bubble' in the stock market and the projection for US $ is 1 US $ = Rs.160 by Mid Next Year and over 300,000 people as 18 year olds become adults every year in Sri Lanka for the next 10 years based on existed Population growth figures till 2000 under mostly 'No Current, No Light era of Former Chandrika Bandaranaike Kumarantunge Rgime where many Sri Lankans had enough to do with Multiplying population when electricity was cut off for 5 - 16 Hours per day or perhaps entire full day in that era due to her mismanagement of economy, ....so because of this Margin Trading Promise since many many youngsters will be interested to trade in Stocks through Margin trading over Rs.30 billion minimum or Rs.150 billion maximum 'Bubble' will be created in the Stock Market for next 5 years or two years of 'National Government' lead by UNP. So every year the 'Bubble' created by UNP Margin Trading Promise will shot up by at least US $ 250 million to US $ 2 billion  from 2016 each year which will end up in a 'Great Stock Market Crash' worst than Bangladesh by 2020. I am pretty sure by that time Sri Lanka will need to have a Board of Economists as Ministers to Manage the entire economy and country along with some lawyers who are economically sound to re-instate our country soon.

Consider this as a 'Prophecy' similar to the prophecy that some other user made in this forum on January 11, 2015 in which it was highlighted that 'Arjuna Mahendran and Arjun Aloysius' will be involved in a 'Bond Scandal' just a month before 'Controversial' Bond Scandal.

anjelo

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
oh damn ya ne, its in USD. my bad....
but I think they will at first let it go and let the bubble grow and then bring in rules to contain the bubble without bursting.
like the super tax they bought for companies.
all of a sudden rule set would ensure the bubble is safe and all is happy.
lets try to ride the bubble and exit at the right time don't we bro....

anjelo

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
but I dought all will be given margin trading. for example some already have a margin more than 500,000 and for those who do not have that, will have the facility, given all the requirements are there.
so I don't think it is a bigger bubble as you predict.
I think they have done there calculations and predicted just enough to make a bubble that can be controlled and where all are happy.
also they will bring the broker interest rates down as well.

anjelo

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
when is this Rs 500,000 would come into action?
now seems like a good time.

StockGuru

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think Rs. 500,000 per trader will take time, today seems a Black Tuesday and Yesterday seems a Black Monday for Stock Markets worldwide, Chinese stock market crash on Monday will have a large impact on World Economy for next 5 years after the Western Market crash in 2008.

Generally George Soros is said to be the largest player in currency markets and politics in emerging economies where people say George Soros is funding NGOs and Non-Profits in emerging economies to topple governments.Seems last few months George Soros affiliates and George Soros delegates who are also playing in Ukrain playing fields were also active in Sri Lanka and few other tension rising countries.If you scan through some delegate profiles you can see it.I think China has started to play a global game against most of the Western Nations now.Probably we will see Sri Lanka's new government facing large Economic Crisis in the days to come.Sri Lanka will beg for more Chinese funds

ranferdi

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

DS Wijesinghe


Manager - Equity Analytics
Manager - Equity Analytics
Going back to history. Bad old memories

This is one instance how the market crashed under the most unfortunate and unlucky leader in Sri Lanka.

This is how the market reacted then on his 1st day in office in 2015

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