Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» SFL, where will it end by March
by prabath Today at 9:27 am

» CSE halts trading of MTD Walkers’ shares
by Miss-Sangeetha Today at 7:52 am

» Amibroker database
by Sonny Bill Yesterday at 10:18 am

» KAPI -MTD WALKERS - MALAYASIAN FIRM TO TAKE CONTROL @40 A SHARE
by Miss-Sangeetha Yesterday at 9:42 am

» Financial Reports Q-4 2018
by sikka89 Yesterday at 7:13 am

» Weekly Stock Market Roundup
by Insights Equity Yesterday at 6:07 am

» SFL.P Going to hit 10 Dr.Sentavil Also Bought above 12
by NP Yesterday at 12:51 am

» CROSSINGS TODAY
by sikka89 Fri Feb 15, 2019 10:10 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by sikka89 Fri Feb 15, 2019 10:07 pm

» Collect AAIC to win within six months
by wisdom79 Fri Feb 15, 2019 9:27 pm

» ANILANA HOTEL
by wisdom79 Fri Feb 15, 2019 9:21 pm

» Four more banks obtain enjoining orders against KAPI (MTD Walkers)
by Miss-Sangeetha Fri Feb 15, 2019 8:00 pm

» MTD Walkers (KAPI) face liquidation as Hayleys Group firm files winding up petition
by Miss-Sangeetha Fri Feb 15, 2019 7:57 pm

» Daily Stock Market Update
by Insights Equity Fri Feb 15, 2019 5:33 pm

» INSURANCE bubble finally bursting!
by nosf766 Fri Feb 15, 2019 12:46 pm

» CASH RICH REXP
by nishjaya Fri Feb 15, 2019 9:57 am

» Deal Waligama Property to be sell EAST Interesting
by soileconomy Fri Feb 15, 2019 8:13 am

» ACL PERFORMANCE
by Yahapalanaya Fri Feb 15, 2019 7:42 am

» CDB PERFORMANCE
by Yahapalanaya Fri Feb 15, 2019 7:29 am

» LGL LGL LGL LGL
by dmtmadusanka Fri Feb 15, 2019 6:22 am

» MTD WALKERS PLC
by sikka89 Thu Feb 14, 2019 11:15 pm

» Daily Foreign Transactions
by sikka89 Thu Feb 14, 2019 10:31 pm

» CTCE CTCE CTCE CTCE
by roshan1039 Thu Feb 14, 2019 5:31 pm

» Exit KAPI today
by karuna2 Thu Feb 14, 2019 11:17 am

» Sleeping giants-
by anges Wed Feb 13, 2019 11:52 pm

» HEXP hidden gem share
by anges Wed Feb 13, 2019 11:49 pm

» EAST INTERESTING DAYS AHEAD 25+
by NCC Wed Feb 13, 2019 12:30 pm

» why MFL is collecting ?
by suku502 Wed Feb 13, 2019 12:24 pm

» Whats going on with KAPI
by NP Wed Feb 13, 2019 9:43 am

» __________Bank Instrument & Investment Lease And Sales for Global Investments & Financing____
by sakchai Wed Feb 13, 2019 2:27 am

» DIAL is it best to buy
by TuTanKaman Tue Feb 12, 2019 2:34 pm

» Brokers බොරු කියන්නේ
by karuna2 Tue Feb 12, 2019 9:20 am

» BFN 15.60 - 16 - 16.5 මිලට වැටෙන්නේ ඇයි
by karuna2 Tue Feb 12, 2019 9:19 am

» NP HOW ABOUT MBSL CHART
by sanjulanka Tue Feb 12, 2019 7:17 am

» GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE.OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE..............
by sakchai Tue Feb 12, 2019 4:21 am

» Financial bank instruments for Lease and sale for trade and project funding
by sakchai Tue Feb 12, 2019 4:20 am

» CTCE ලාභාංශ පුරොකතනය.
by dmtmadusanka Tue Feb 12, 2019 12:01 am

» undervalued stock
by worthiness Mon Feb 11, 2019 2:13 pm

» Malwatte Valley Plantations PLC
by Rookantha Mon Feb 11, 2019 12:56 pm

» Malwatte Plantation
by Rookantha Mon Feb 11, 2019 12:09 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » WHO WILL SAFE GOURD INVESTORS WHEN THERE IS A ISSUE?

WHO WILL SAFE GOURD INVESTORS WHEN THERE IS A ISSUE?

Go down  Message [Page 1 of 1]

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I would like to get answers from authorities for the following issues.,

There are several companies on witch share Trading is being delisted or suspended for many years on various reasons such as CARSION MARKETING, COMPACK MORRISION, FERN TEA,VANIK,TWO, ORIONT GARMENT ETC... my question is what action CSE or SEC has taken to safe Gourd the investors who has invested on those companies., as for as I know up to now the authorities have not taken any action against those company owners or the directors they are not effected at all, but the effected parties are  the poor share holders.
Now same thing is happening to Kalpitiya Beach Resort (CITK) also this company has announced a amalgamation plan in 2016 Sept., then they again announced in June 2017 of their Restructuring program for me it is beneficial to the share holders,  for all these time the regulators were silent and they didn`t find any wrong on the announcements. after the company has got the share holders  approval at the EGM held on the 3rd July 2017.,  all of sudden SEC has Suspended the trading of this share. Now it has taken nearly 4 months, still the share holders are kept in the dark as no announcement from SEC or the Company regarding the delay. When I contacted the company they said they have done all the necessary work in this regard and submitted to the authorities for the final approval and they have got approvals from all other authorities other than from SEC. Then I wrote several emails to SEC including to Director General., I have not received any answers from them other than a telephone call from one of the director Mr. Tushara Jayaratne saying that they are waiting for clarification on 2 matters, then I contacted the company they said they have answered for all the quarries SEC has asked, and waiting for the approval to execute their plan. this happened 1 month ago. So my question is SEC is safe guarding whom? They are going all over the world to promote Sri Lankan  stock market  to bring more investors, they are not bothered of local small investors who are stacked with their hard earn money for the above events. if those who are planning to come here to invest must  think twists  before invest. Investing at Colombo stock is VERY, VERY RISKY.
HOPE TO GET MORE OPINIONS IN THIS REGARD.

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hon PM, RK, AA & AM.

3 THE LIE WE LIVE on Tue Oct 24, 2017 11:10 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Eugine Fernando wrote:I would like to get answers from authorities for the following issues.,

There are several companies on witch share Trading is being delisted or suspended for many years on various reasons such as CARSION MARKETING, COMPACK MORRISION, FERN TEA,VANIK,TWO, ORIONT GARMENT ETC... my question is what action CSE or SEC has taken to safe Gourd the investors who has invested on those companies., as for as I know up to now the authorities have not taken any action against those company owners or the directors they are not effected at all, but the effected parties are  the poor share holders.
Now same thing is happening to Kalpitiya Beach Resort (CITK) also this company has announced a amalgamation plan in 2016 Sept., then they again announced in June 2017 of their Restructuring program for me it is beneficial to the share holders,  for all these time the regulators were silent and they didn`t find any wrong on the announcements. after the company has got the share holders  approval at the EGM held on the 3rd July 2017.,  all of sudden SEC has Suspended the trading of this share. Now it has taken nearly 4 months, still the share holders are kept in the dark as no announcement from SEC or the Company regarding the delay. When I contacted the company they said they have done all the necessary work in this regard and submitted to the authorities for the final approval and they have got approvals from all other authorities other than from SEC. Then I wrote several emails to SEC including to Director General., I have not received any answers from them other than a telephone call from one of the director Mr. Tushara Jayaratne saying that they are waiting for clarification on 2 matters, then I contacted the company they said they have answered for all the quarries SEC has asked, and waiting for the approval to execute their plan. this happened 1 month ago. So my question is SEC is safe guarding whom? They are going all over the world to promote Sri Lankan  stock market  to bring more investors, they are not bothered of local small investors who are stacked with their hard earn money for the above events. if those who are planning to come here to invest must  think twists  before invest. Investing at Colombo stock is VERY, VERY RISKY.
HOPE TO GET MORE OPINIONS IN THIS REGARD.
Hand full of Richest in the country use Politicians/Clergy and Media to control the people and suck everything out from them.All the systems mainly do the same.So if you want to be free from this slavery have a faith in your self and do your analysis before you incest...... Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy  

https://www.youtube.com/watch?v=dNVZ0ZPfE8s

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum