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Sri Lanka Equity Forum » Stock Market Talk » oil palm firms to delist?

oil palm firms to delist?

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1oil palm firms to delist? Empty oil palm firms to delist? on Tue May 06, 2014 3:37 pm

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
pls see the lbo article today about delisting of popular and very old oil palm firms.


this is a sad news.

this minimum float rule  will lead to delisting of many well managed popular  firms.

I think it is wiser if this rule is relaxed so that it  applies to future new listings  , exempting already listed firms.
any ideas ?

2oil palm firms to delist? Empty Re: oil palm firms to delist? on Tue May 06, 2014 4:24 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What's the problem? The CARS babies were overpriced and illiquid and only gave a small dividend yield.
Even if lbo thinks they are well managed better that they are de-listed without messing up the index. A company trading a few 1000 shares a year is pointless being listed in a stock exchange it should be a private company.

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