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Sri Lanka Equity Forum » Stock Market Talk » Latest SEC rule effect

Latest SEC rule effect

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1 Latest SEC rule effect on Thu Nov 17, 2016 7:39 pm

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
[size=30][size=31]SEC relaxes minimum public float rule[/size]
November 17, 2016  07:25 pm
           


The Securities and Exchange Commission (SEC) of Sri Lanka has relaxed rules for Listed Companies to maintain a continuous Public Float.
This will come into effect from the 01st of January, 2017. 
The SEC is planning to defer a rule requiring companies to publicly list up to 20% of issued shares.[/size]

2 Re: Latest SEC rule effect on Thu Nov 17, 2016 9:40 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
or or or.........

that is giving chance to collect stocks to main share holder at this level.

Game on.........

3 Re: Latest SEC rule effect on Thu Nov 17, 2016 9:57 pm

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@stockback wrote:or or or.........

that is giving chance to collect stocks to main share holder at this level.

Game on.........
What's the positive and negitive when new rule with current ASI?

4 Re: Latest SEC rule effect on Thu Nov 17, 2016 10:47 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@PrasannaMani wrote:
@stockback wrote:or or or.........

that is giving chance to collect stocks to main share holder at this level.

Game on.........
What's the positive and negitive when new rule with current ASI?


still we dont know the new rule.

Example 
20% --- > 10% Minimum float.

then some Major share holders have a chance to collect stocks from the market 

Example if its work other way. 20% -- 30%

then main share holders has to sale stocks into market if they hold above 70%. than chance to drop share price.

so then if its work opposite. that is positive for some stocks. specially low P/E ratio stocks and main share holder wants to increase his stake above 80%

5 Re: Latest SEC rule effect on Thu Nov 17, 2016 11:32 pm

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@stockback wrote:
@PrasannaMani wrote:
@stockback wrote:or or or.........

that is giving chance to collect stocks to main share holder at this level.

Game on.........
What's the positive and negitive when new rule with current ASI?


still we dont know the new rule.

Example 
20% --- > 10% Minimum float.

then some Major share holders have a chance to collect stocks from the market 

Example if its work other way. 20% -- 30%

then main share holders has to sale stocks into market if they hold above 70%. than chance to drop share price.

so then if its work opposite. that is positive for some stocks. specially low P/E ratio stocks and main share holder wants to increase his stake above 80%
http://www.sec.gov.lk/?p=10014


This is the new rule

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