To all CSF shareholders

seyon · 26 Re: To all CSF shareholders Tue Nov 01, 2011 8:02 am

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Join date : 2011-02-01

sirimevan wrote:MOre Right Issues means =More Shares in the Market
More Shares in the market means =More Supply of shares to the Market
More Supply of the shares to the Market means =Less Demand in the market for the share
Less Demand in the market means =Less Value for the Share
Less Value for the share means= Losing Our Money
Losing Our Money means= We Become Poor
We Become Poor means= Others Become Rich
Others Becomes Rich means=We cecome Jelous People
We Become Jelous People Means= we go to Hell
We Go to hell Means= We burn our selfs Eternaly
Therefore investing is going to hell or rather we burn our selfs on earth and also in hell
Isnt it? Just a thought Hoping for the best and Best is always to come Never lose faith

Ha Ha Wonderful.... sirimevan

swan03 · 27 Re: To all CSF shareholders Tue Nov 01, 2011 8:09 am

swan03

Vice President - Equity Analytics

Posts : 1241
Join date : 2011-01-31

sirimevan wrote:MOre Right Issues means =More Shares in the Market
More Shares in the market means =More Supply of shares to the Market
More Supply of the shares to the Market means =Less Demand in the market for the share
Less Demand in the market means =Less Value for the Share
Less Value for the share means= Losing Our Money
Losing Our Money means= We Become Poor
We Become Poor means= Others Become Rich
Others Becomes Rich means=We cecome Jelous People
We Become Jelous People Means= we go to Hell
We Go to hell Means= We burn our selfs Eternaly
Therefore investing is going to hell or rather we burn our selfs on earth and also in hell
Isnt it? Just a thought Hoping for the best and Best is always to come Never lose faith

Quibit · 28 Re: To all CSF shareholders Tue Nov 01, 2011 8:18 am

Quibit

Senior Vice President - Equity Analytics

Posts : 2661
Join date : 2010-05-08

Majority shareholders hoodwinked the Central Bank and got themselves shares at Rs 5/= saying that they are going resurrect the company. Then they manipulated the share price unto Rs 30/= and few of the main investors sold their shares just before company announced it's results and made substantial capital gains at the expense of the innocent retail investors. Got away without any investigation.

What happened to the Rs 800mn they raised from the earlier rights issue. Surely it would have gone to someones pocket. Now they are going to raise money again at Rs 12/= saying they require money to meet the core capital requirement. Huh warrants issue too so that they could manipulate again. CSF had a fully owned Finance company called Asian Finance which they sold it to Tiong King Sing for zero value. If this was the case why are they trying to get the licence again.

These directors must be thinking investor are set of fools and they can make them dance to their tunes. Investors all should get together and boycott this sort of clear cut attempt by companies to steal hard earn money of innocent investors.

Hope this will their last attempt to play with the monies of the innocent shareholders. After they get the Finance company license then they could start playing with the monies of the innocent depositors. One more time after great Ceylinco Finance!!

lokuayya · 29 Re: To all CSF shareholders Tue Nov 01, 2011 8:56 am

lokuayya

Senior Manager - Equity Analytics

Posts : 307
Join date : 2011-07-06

i dont have shares of this company.but i think these kind of right factories must be avoided.
some of right issues were defeated by the share holders eg mal,hnb etc.
the minority share holders should get organized and go to the meeting and fight with these directors.they may win because they have votes but things should not pass without a fight.at least you can reveal the fraudsters.
quarry what happened to the previously collected money .

smallville · 30 Re: To all CSF shareholders Tue Nov 01, 2011 9:30 am

smallville

Associate Director - Equity Analytics

Posts : 4119
Join date : 2011-02-03

Guys u should look at this as well...

Elliot wave started in March (ORANGE color) brought this share to 32s in Mid May, then the correction started till late-mid of June.
I can be wrong, but I see a small H&S then after (RED color)..

However at the top of the head of H&S pattern there's this downward Elliot wave pattern which I've drawn separately in Green.. This pattern especially has the ability to forecast the uptrend of a share after the first five waves are completed..
However in CSE this can go to 10 even Wink

hunter · 31 Re: To all CSF shareholders Tue Nov 01, 2011 5:11 pm

hunter

Moderator

Posts : 786
Equity Stars : 6948
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Join date : 2011-04-27

CSF...
My new adviser was suggesting me buying this share.
I was trying hard to find a reason for myself to buy this, but failed.
Because, @NAVPS=Rs2/= and forward earnings for next 6years Rs -50/= (Yes negative!);
I wouldn't buy this even if somebody gave me FOC.
(FOC means Rs 2.50).

Guys, please tell me, teach me
why why why?
why did you buy this share, why should I buy this.
Please teach me. I am your obedient student;
I want to learn why.
I want to find a reason to buy this share!!

mark · 32 Re: To all CSF shareholders Tue Nov 01, 2011 10:18 pm

mark

Expert

Posts : 2677
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Age : 33
Location : Hell....

i just have to say....."baduma thama"

Azthama · 33 Re: To all CSF shareholders Wed Nov 02, 2011 11:02 pm

Azthama

Senior Equity Analytic

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Can anyone explain who's the party called Investor Access Equities (Pvt) Ltd which is holding 50% of the company if i'm not wrong,,Comment Pl

http://www.cse.lk/cmt/upload_report_file/368_1314951747913.pdf

Think9 · 34 Re: To all CSF shareholders Wed Nov 02, 2011 11:23 pm

Think9

Senior Manager - Equity Analytics

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What happened to the Rs 800mn they raised from the earlier rights issue. Surely it would have gone to someones pocket.

mayb this will use to push up the share up this time.. Wink

Gaja · 35 Re: To all CSF shareholders Wed Nov 02, 2011 11:51 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
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Age : 40
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Azthama wrote:Can anyone explain who's the party called Investor Access Equities (Pvt) Ltd which is holding 50% of the company if i'm not wrong,,Comment Pl

http://www.cse.lk/cmt/upload_report_file/368_1314951747913.pdf

http://sundaytimes.lk/110313/BusinessTimes/bt04.html

Quibit · 36 Re: To all CSF shareholders Thu Nov 03, 2011 2:03 am

Quibit

Senior Vice President - Equity Analytics

Posts : 2661
Equity Stars : 11289
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Join date : 2010-05-08

It's a very easy puzzle to solve.
Who owns investment access asia.

A) Sakvithi
B) Lalith Kotalawela
C) Asanga Seneviratne
D) Kumar Boralessa
E) Danduwan Mudalali
F) Rohan Perera

smallville · 37 Re: To all CSF shareholders Thu Nov 03, 2011 7:34 am

smallville

Associate Director - Equity Analytics

Posts : 4119
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Location : Back on Earth

Gaja wrote:

Azthama wrote:Can anyone explain who's the party called Investor Access Equities (Pvt) Ltd which is holding 50% of the company if i'm not wrong,,Comment Pl

http://www.cse.lk/cmt/upload_report_file/368_1314951747913.pdf

http://sundaytimes.lk/110313/BusinessTimes/bt04.html

This news was in March 13,2011 and it reads;
"There was no objection, as expected, from Bandula Ranawera, one of the accused in the Golden Key fraud case and a former director of collapsed Golden Key Company who continues to serve as the Managing Director of NLF despite the Supreme Court order that no GKCC director can work as a director of any public deposit taking company or institution, According to company sources, he was planning to defeat the resolution with the help of some other directors but didn’t oppose it at the meeting."

How the company threw away a court order and let this man be the MD????? Has SEC kept their eyes blind?