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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Why even unlimited credit won't help CSE

Why even unlimited credit won't help CSE

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1Why even unlimited credit won't help CSE Empty Why even unlimited credit won't help CSE Thu Dec 08, 2011 7:07 pm

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
In 2009, 2010 stock market went through the ceiling. What did the foreigners do? They sold billions of shares? I think around 50 billion. To whom? You. The locals. your pension fund. your companies. your trusts. your people. You gave your money, money of your country and bought expensive shares from the foreigners. Billion of rupees went out of the country. And still it's going OUT.

Now you say the market is undervalued. Is it? You think the foreigners are fools like your pension fund or you? Still foreigners are selling. Who is buying? You, your pension fund, your companies, your trusts, your people. Billions of money is going out of the country. Still brokers want to push more money out of the country for their benefit.

What was good in that? So what does the country, your president, your fellow citizens want CSE to be? Push up the price, get more foreigners to sell you these precious stocks to you. You think foreigners are fools to sell you undervalued shares at these undervalued prices, you think?

If they were selling in 2009, 2010, 2011 to you how does giving more credit and pumping up the prices help your country? you economy? your people? Does this country need to offer more money to the foreigners? Greedy brokers and manipulators want to pump up the price for their private gain at the cost of your country losing billions more.

Does your people understand this simple fact? I don't think so.

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Agreed

mark

mark
Expert
Expert
@duke wrote:In 2009, 2010 stock market went through the ceiling. What did the foreigners do? They sold billions of shares? I think around 50 billion. To whom? You. The locals. your pension fund. your companies. your trusts. your people. You gave your money, money of your country and bought expensive shares from the foreigners. Billion of rupees went out of the country. And still it's going OUT.

Now you say the market is undervalued. Is it? You think the foreigners are fools like your pension fund or you? Still foreigners are selling. Who is buying? You, your pension fund, your companies, your trusts, your people. Billions of money is going out of the country. Still brokers want to push more money out of the country for their benefit.

What was good in that? So what does the country, your president, your fellow citizens want CSE to be? Push up the price, get more foreigners to sell you these precious stocks to you. You think foreigners are fools to sell you undervalued shares at these undervalued prices, you think?

If they were selling in 2009, 2010, 2011 to you how does giving more credit and pumping up the prices help your country? you economy? your people? Does this country need to offer more money to the foreigners? Greedy brokers and manipulators want to pump up the price for their private gain at the cost of your country losing billions more.

Does your people understand this simple fact? I don't think so.

where have you been duke? Very Happy

just a simple thing i know-it is keep in cash always without hold shares,i even doubt about future of CSE as to my little experience.

amilaela

amilaela
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
agree

https://www.facebook.com/profile.php?id=100001851586843

Asoka Samarakone


Expert
Expert
Bear in mind that while brokers will tempt you with share dealing, that doesn't necessarily make them the best option for you, nor does it do enough to guarantee trading success.

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Bitter fact need to accept.
Well said duke.

illuminati


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Something of value to read in the forum. Most of the guys in the forum are trapped with both good and bad shares bought at high prices and they are unable to get out. That is why they continue to live in denial thinking that MR and SR could drive the indexes up. Remember the "CONCERN" phase of this bear market is yet to come. "CAPITULATION" is after that ! Until then lets make merry.

sriranga

sriranga
Co-Admin
@Kumar wrote:Bitter fact need to accept.
Well said duke.
Agreed.

http://sharemarket-srilanka.blogspot.co.uk/

abra12


Manager - Equity Analytics
Manager - Equity Analytics
Not only the CSE..The whole system is not healthy. I request you to read the cope report and decide.

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Quote from duke’s above post;
“Now you say the market is undervalued. Is it?”


So you say it is overvalued. That means your advice is to sell even tomorrow at current price level at any loss coz your prediction is ASI would come further down(Coz you say it is overvalued).On what grounds you say market is overvalued. Then when it was 7800 you could have told (like now repeatedly) market is overvalued and investors to be not to panic. Now ASI has dropped by around 25% to 5800-6000 level. How do you now say market is overvalued? When the ASI was 7800 PE of the bank & Finance sector was around 14-15. But still many analysts said that a good price to buy. Nobody said that is wrong. Any way forgot that. Now PE of most of the Bank and Finance Companies have come down to single digit. Even the PE of companies come under motor sector is below 7 (DIMO is around 3.6, COLO, UML are below 7) Many plantation companies are also record now single digit PE. So you say market is overvalued. What is the PE value you expect to say market is fair valued. You all are trying to discourage small investor and incentivize them to sell their shares at cheep price so that your big friends can buy them. What do you expect from these posts? Your BIG friends to buy our shares at kunu kolleta No? Are you all agents of those big ppl? Don’t think our small investors are that fools pl. This is not the time to sell our shares. We know any time market will start a bull run.

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics


duke and kumar, Pl read following link as well;

http://forum.srilankaequity.com/t13620-banking-sector-valuation-guide#88748

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is very good time to collect but remember to use ur own money and the amount which u can hold even for years.
At the moment we should try to attract our local people not the foriegners.If foriegners collect at the moment we will loose our country's valuable money in future.
http://forum.srilankaequity.com/t13520-foreign-investments-in-cse?highlight=foriegn+investments+in+cse

Liber Abaci


Senior Equity Analytic
Senior Equity Analytic
@Rajaraam wrote:Quote from duke’s above post;
“Now you say the market is undervalued. Is it?”


So you say it is overvalued. That means your advice is to sell even tomorrow at current price level at any loss coz your prediction is ASI would come further down(Coz you say it is overvalued).On what grounds you say market is overvalued.

It seems , You have based your comment on one sentence /question of the’ post ( of Duke ). But it ‘s clear to any careful reader, that the writer’s main argument is not that. I think he raises some valid issues for anybody to think about.

Nevertheless, in your comment , You also have raised some important issues about valuations of companies / Markets.

When the ASI was 7800 PE of the bank & Finance sector was around 14-15. But still many analysts said that a good price to buy. Nobody said that is wrong.”

It seems you also agree with the above opinion of analysts. I’m not sure what ‘s the basis of above statement. But we know it’s only an opinion of some analysts. Probably nobody had said it’s wrong. But does it mean, it’s RIGHT , and everybody have to accept it ?


“ Now PE of most of the Bank and Finance Companies have come down to single digit. Even the PE of companies come under motor sector is below 7 (DIMO is around 3.6, COLO, UML are below 7) Many plantation companies are also record now single digit PE. So you say market is overvalued. What is the PE value you expect to say market is fair valued. “

You are asking the right question. This over value, under value , fair value are relative terms, and you will find various people (such as analysts, researchers, investors, traders, forum members ) , use these words and fix PE values based on their knowledge, experience, expectations , interests etc. But is there a definite benchmark value of PE as fair vale ?

Some compare PE of CSE with World markets ( NYSE. FTSE, ), Asian markets, Indian market , emerging markets etc. Bt when you take into account the unique characteristics of CSE, like market size, types of companies, types of investors, country economy, future prospects ......... is CSE comparable to any other market ?

Don’t think our small investors are that fools pl. This is not the time to sell our shares. We know any time market will start a bull run.”

As implied ,probably you may be of the view, based on looking at the past Company /sector / market PE. This is one way of arriving at a judgment .
There are other approaches also.
Rather than looking at the past , someone can look at the future.
He may decide based on future economic outlook of the world, Europe Asia, Sri Lankan economy, political climate, , economic growth prospects, company earnings prospects, wisdom of policy makers, capability of entrepreneurs, integrity / capability of regulators etc. If he arrive at a entirely different conclusion than yours , can we say he is a fool ?

illuminati


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some of these comments prove yet again that most of the members live in the " DENIAL " stage of this bear market

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Actually CSE need more liquid funds...

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
when are they going to give 300 percent credit...

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Thank you Liber Abaci, I like the way you have explained your views on my post. While I agree with you with many of your views I like to explain you why I mentioned folllowing;

“ When the ASI was 7800 PE of the bank & Finance sector was around 14-15. But still many analysts said that a good price to buy. Nobody said that is wrong.”

At that time same person expected a bank rally.(Pl. see below link)That indicates bank's share price would go up further and now he/she says overvalued. That is why I said that.

At last para of your post you ask "can we say he is a fool?' You can read my post again I have not stated so. I think he/she is a clever analyst. I only disagree with his/her view point which small investors could be misguided



http://forum.srilankaequity.com/t1799-banking-rally#11931

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