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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Blossom March
by Kipling Today at 4:32 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Susil Mendis Today at 4:11 pm

» Good time to collect fundamentally sound shares
by celtic tiger Today at 4:04 pm

» TILE / LWL / RCL
by geesura Today at 4:02 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by subash81 Today at 2:15 pm

» RICH or TKYO
by subash81 Today at 2:14 pm

» Inefficiency
by stockchaser Today at 1:25 pm

» Sometimes you might find that you have lost all your money in the market by investing in the non profitable stocks in the market.
by pjrngroup Today at 10:58 am

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Wickyz Today at 10:54 am

» ACL post share split trading and the future potential
by Wickyz Today at 10:47 am

» GLAS will be winner with Super Gain.
by Promoney Today at 9:54 am

» NATIONS TRUST BANK PLC (NTB.N0000)
by Eranx Today at 8:00 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 10:11 pm

» DIPD/HAYC/HAYL
by Chathur Yesterday at 9:44 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by arun.cse Yesterday at 1:14 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Rational Investor Yesterday at 11:58 am

» Opportunities after CSE drop
by EquityChamp Yesterday at 11:36 am

» Amana Bank's total assets cross Rs100 bilion with Rs 1billion operating profit
by samaritan Yesterday at 11:25 am

» Pakistan keen to invest in port city: Cabraal
by samaritan Yesterday at 11:16 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Yesterday at 11:02 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka securities watchdog removed

Sri Lanka securities watchdog removed

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

1Sri Lanka securities watchdog removed Empty Sri Lanka securities watchdog removed Wed Nov 02, 2011 2:45 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sri Lanka securities watchdog removed
Nov 02, 2011 (LBO) - Malik Cader, the director general of Sri Lanka's securities and exchange commission, who came under fire for cracking down on widespread micro cap fraud and insider dealing has been made an advisor of the finance ministry.

SEC sources said Cader would be taking up his new duties next week.
Cader started cracking down on microcap fraud following mounting concern over widespread manipulation, hype and dump and chopstock fraud.

But his actions angered powerful players in the market.

Sources said Cader has been kicked upstairs as an advisor to the finance ministry by a decision of the cabinet of ministers.

Colombo's benchmark index rose 3.0 percent with steep gains in illiquid stocks and some large caps, as punters cheered Cader's removal.


The SEC director general's removal came a day after reports that a former mayor of Sri Lanka's central hill town of Kandy who was jailed for misappropriating 1.8 million rupees in public money was given a presidential pardon.

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
Good Bye Mr. C... & pls don't come even to invest lol!

OneRupee


Equity Analytic
Equity Analytic
Good bye Mr. watch DOG

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Even though he is out, manipulators and insider trading must be kept on check!

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
not a wotchdog a Slum dog

Appuhamy


Manager - Equity Analytics
Manager - Equity Analytics
Really ................ Very Happy

mark

mark
Expert
Expert
you have dne a grt job,gud ppl will miss you...former DG let the bubble to grow,bt u taken gud steps to crackdown blood suckers,thanks for that..gud luck to you and god bless to retailers.

cseradar


Equity Analytic
Equity Analytic
Ah.... ha.... We have found the 1st "Mourner"

light

light
Senior Equity Analytic
Senior Equity Analytic
@cseradar wrote:Ah.... ha.... We have found the 1st "Mourner"

Concerns over the future of the market is not Mourning. If so I would say we don't have enough mourners.

10Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 4:26 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Mark and Light i agree with you. Corruption is making its way into the CSE aswell!

Good Luck to M C!

11Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 4:39 pm

cseradar


Equity Analytic
Equity Analytic
@light wrote:
@cseradar wrote:Ah.... ha.... We have found the 1st "Mourner"

Concerns over the future of the market is not Mourning. If so I would say we don't have enough mourners.

@ Malik - I don't know about you... However, majority of the people in CSE made huge losses thanks to the regulatory body's "great" work...! Think of,

1. What they did to IPOs - Have anyone got confidence about the IPO
2. What they did to the credit ruling - I am sure majority of the stock brokers and investors suffered heavily.
3. What they did in the "name of Anti Manipulation" - Did they even manage to catch 1 BIG FISH...?

If you want to mourn it is open to you... But most of the investors are happy since they will get back at least what they invested... (I am sure you must be having a all GREEN portfolio to mourn)

12Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 4:44 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
cseradar,

The big fish knew they were next in line so that is why they all jumped out and ran haywire to remove him.

Secondly if mourners DO HAVE green portfolio's, then they are very successful in my opinion to manage a Green PF in Red times! Those are the damn good smart investors!

Cheers!

13Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 4:47 pm

econ

econ
Global Moderator
bye bye mr. stupid who ruined the market with idiotic regulation policies.

14Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:12 pm

CSE.SAS

CSE.SAS
Global Moderator
@mark wrote:you have dne a grt job,gud ppl will miss you...former DG let the bubble to grow,bt u taken gud steps to crackdown blood suckers,thanks for that..gud luck to you and god bless to retailers.

I m agree with your point mark

15Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:19 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Nov 2 (Reuters) - The director general of Sri Lanka's Securities and Exchange Commission (SEC) has been appointed as a senior adviser on capital markets to the finance ministry, the island nation's treasury secretary said on Wednesday.

Treasury Secretary P.B. Jayasundera said that SEC Director General Malik Cader would join his ministry as a senior adviser on capital markets policy and development. Cader himself confirmed the change, but said he had not resigned yet.

"It's a higher-elevated post in government," Cader said. Asked if he would keep his director general role at the capital markets regulator, Cader said: "I will have to assume my duties there (in the finance ministry. You can't have both."

The SEC had no immediate comment. (Reporting by Shihar Aneez and Ranga Sirilal; Editing by Bryson Hull)

16Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:31 pm

lokuayya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i think the appointing authority should conduct a very tough IQ test to filter people when appointing to positions like DG of SEC.fools should not be given high profile government positions.
I am telling this because most of the regulatory acts brought in by former DG are foolish ,ill timed acts.they didnt have even just common sense.otherwise who is the fool order sell off of 50% of the market within a short time .
i think we need a man with a brain for this position.

17Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:54 pm

light

light
Senior Equity Analytic
Senior Equity Analytic
@cseradar wrote:
@light wrote:
@cseradar wrote:Ah.... ha.... We have found the 1st "Mourner"

Concerns over the future of the market is not Mourning. If so I would say we don't have enough mourners.

@ Malik - I don't know about you... However, majority of the people in CSE made huge losses thanks to the regulatory body's "great" work...! Think of,

1. What they did to IPOs - Have anyone got confidence about the IPO
2. What they did to the credit ruling - I am sure majority of the stock brokers and investors suffered heavily.
3. What they did in the "name of Anti Manipulation" - Did they even manage to catch 1 BIG FISH...?

If you want to mourn it is open to you... But most of the investors are happy since they will get back at least what they invested... (I am sure you must be having a all GREEN portfolio to mourn)

Hey I think we are having two different definitions for mourning. Having concerns over the fair play is not mourning at all. Look at some of today's best performers HVA, LHCL.

A market with PE 25 was not sustainable even without regulations. If you can prove HVA is fairly priced I'm willing to "Celebrate" with you.

BTW I'm not malik.
Cheers.

18Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:59 pm

Hash-gin


Stock Analytic
Stock Analytic
@lokuayya wrote:i think the appointing authority should conduct a very tough IQ test to filter people when appointing to positions like DG of SEC.fools should not be given high profile government positions.
I am telling this because most of the regulatory acts brought in by former DG are foolish ,ill timed acts.they didnt have even just common sense.otherwise who is the fool order sell off of 50% of the market within a short time .
i think we need a man with a brain for this position.

Its a pity that there are so many in these forums with views such as yourself.
Obviously small investors have lost monies not due to the CSE but been regarded as fools by these big manipulators who use / will continue to use small investors to make thier unscrupilous margins whilst the small investors chases piddly returns on a horse with no legs... (illiuid stocks lacking fundamentals).

do not have petty minded insular views on such things... the DG was pushed upstairs because corrupt market manipulators could not have thier way and were very close to being exposed.

Even with regulation do not complain about things like margin / credit trading.... small investors extend themselves more than what they can afford by using borrowed monies (most of them). In the event of a crash no only do you loose your capital but you can end up being in debt to the banks etc... This market is far from transparent / liquid and mature in terms of investor ability and knowledge to have concepts widely used such as margin trading, short selling etc.

Also the brokers themselves are a law unto themselves who ( i have not come acorss too many) work only to the benefit of the said corrput mainpulators and do not even bother providing advice to small investors other than the occassional encouragement to buy parcels of overvalued pumped up stock parcels which are being dumped by a manipulator or vice versa.

Investors in this market (both in equity, banking, property) have no appreciation for regulation thatnot only makes the market sustainable and transparent in the long term. Look at the obvious pitfalls of HPT, Ceylinco, Pramuka etc... all small time investors driven by market hype of larger investors or mere greed. Remember in the above situations none of the big boys / girls lost money...

Its the small time investor.....

I strongly beleive this will come to bare very soon and those small - medium size investors will face the brunt of such a crash.

19Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:04 pm

Appuhamy


Manager - Equity Analytics
Manager - Equity Analytics

I you a professional day trader, these manipulations are ideal for you.
There are people who blame manipulators because they don't have enough time to do day trading while working at office.

20Sri Lanka securities watchdog removed Empty Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:20 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is pleasing to see that atleast some wise people realise today's negative move at the SEC. The market will suffer in the long run with the manipulators!

Good one Hasi Gen

Sponsored content


Back to top  Message [Page 1 of 2]

Go to page : 1, 2  Next

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