FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

50 IPOs in 2011 - CSE is flooded with IPOs

+3
kiri
wis
Monster
7 posters

Go down  Message [Page 1 of 1]

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sri Lanka IPO flow to pick up pace in 2011
Feb 24, 2010 (LBO) - Sri Lanka will see around 50 initial public offerings in 2011, with at least two issues over five billion rupees (50 million US dollars) by April, securities exchange commission director general Malik Cader said.
"We expect about 10 IPOs to come by March-April this year," Cader told reporters. "About two of them will raise over 5.0 billion rupees each from the market."

Cader said a number of state firms were also slated to come to the market.

The regulator is also looking at current rules on IPO subscriptions where large investors are using bank guarantees to apply for stocks. Small investor have complained that it gives an unfair advantage to large players.

"But there is a view that the market has to have high net worth as well as small investors," SEC chairperson Indrani Sugathadasa said.

"We are looking at the rule and will soon make a decision."

Under current rules generally preference is given to small investors with a larger proportion of their applications being filled.

Usually applications for minimum subscriptions are fully filled.
http://www.lbo.lk/fullstory.php?nid=1734484798

wis


Manager - Equity Analytics
Manager - Equity Analytics

Good news. We need more stocks. Hope this will lower the high PE ratio of the stocks.

It is unfair that small investors have to give cash by drafts and checks while bank guarantees do not have to. There should be a level ground where everybody has to show the money on table or everybody should be able to apply for shares without paying the cash initially.

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics

Monster wrote:Sri Lanka IPO flow to pick up pace in 2011

"We are looking at the rule and will soon make a decision."

Under current rules generally preference is given to small investors with a larger proportion of their applications being filled.

Usually applications for minimum subscriptions are fully filled.
http://www.lbo.lk/fullstory.php?nid=1734484798

it is nice to hear. Smile

Fresher


Moderator
Moderator

wis wrote:Good news. We need more stocks. Hope this will lower the high PE ratio of the stocks.

It is unfair that small investors have to give cash by drafts and checks while bank guarantees do not have to. There should be a level ground where everybody has to show the money on table or everybody should be able to apply for shares without paying the cash initially.

Why cannot the small investor get a bank guarantee?
If I'm right, anyone can do that

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Up to what value is considered as small investment?

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

It's a good news but too much of IPOs may effect the market unless funds are coming from outside.

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics

Monster wrote:It's a good news but too much of IPOs may effect the market unless funds are coming from outside.
due to new IPOs like above mentioned big one, will effect the mkt badly?.
experts pls comment

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

any idea about the two companies which is expected to raise 5 billion each from the IPO's

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Gaja wrote:any idea about the two companies which is expected to raise 5 billion each from the IPO's
i think those will be state own firms , petroleum corporation , sri lanka insurance etc.. Very Happy

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Meta Trader wrote:
Gaja wrote:any idea about the two companies which is expected to raise 5 billion each from the IPO's
i think those will be state own firms , petroleum corporation , sri lanka insurance etc.. Very Happy

How about Litro Gas

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Gaja wrote:as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C
If it's BOC, it will make a record in CSE.

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Monster wrote:
Gaja wrote:as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C
If it's BOC, it will make a record in CSE.

yep . if boc comes i would bet my whole savings on it king

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Meta Trader wrote:
Monster wrote:
Gaja wrote:as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C
If it's BOC, it will make a record in CSE.

yep . if boc comes i would bet my whole savings on it king

Yeah I think it will be a really good move. Also without a doubt it will be the biggest company in CSE.

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Citrus' two hotels to go public

Waskaduwa Beach Resort Ltd and Kalpitiya Beach Resort Ltd, both subsidiaries of Citrus Leisure Plc, are to apply for a listing on the Colombo Stock Exchange, the parent company said in a statement this week.

This came after investments in the two companies were raised through private placements.
In the statement, Citrus Leisure - formerly Hotel Reefcomber - said it invested Rs. 880 million for 88 million shares of Waskaduwa Beach Resort representing 62.85% of the issued shares. Waskaduwa has also concluded a private placement of 52 million shares at Rs. 10 per share to raise funds to finance the construction of its hotel project.

In the case of the Kalpitiya Beach Resort Ltd, Citrus said it invested Rs 1 billion for 104 million ordinary shares representing 72.18% of the issued shares. Kalpitiya also concluded a private placement of 40.3 million shares at Rs.10 per share to raise funds to finance its hotel, the statement added.

http://www.sundaytimes.lk/110227/BusinessTimes/bt32.html

Sponsored content



Back to top  Message [Page 1 of 1]

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