Bottom out market and IMF releasing the next tranche this week?

hariesha

hariesha

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Happy to note some threads about indicating market bottoms. IMF board meeting is schedule for 2nd of April that is tomorrow, and all the indications are that they will release the two tranches (one in April) which they held back from last year.

Will this be the much needed trigger?

Further we saw a huge collection of GREG during last 7 market days. Most of the uptrends in the past started with GREG. Will it repeat? Will the long due announcement from GREG come in next few days?

Last august they decided to dispose their offshore company ERL (BVI) with a capital gain of 1.7M USD (Approx. 187M). But as at last Friday’s exchange rate they will make a foreign exchange gain of additional 30M making total realized gain to about Rs.217M.
Any how happy to see TA predictions about bottom outs, though I am not much following TAs other than for day trades.
Let’s hope for the best. Cheers!

illuminati

illuminati

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hariesha wrote:Happy to note some threads about indicating market bottoms. IMF board meeting is schedule for 2nd of April that is tomorrow, and all the indications are that they will release the two tranches (one in April) which they held back from last year.

Will this be the much needed trigger?

Further we saw a huge collection of GREG during last 7 market days. Most of the uptrends in the past started with GREG. Will it repeat? Will the long due announcement from GREG come in next few days?

Last august they decided to dispose their offshore company ERL (BVI) with a capital gain of 1.7M USD (Approx. 187M). But as at last Friday’s exchange rate they will make a foreign exchange gain of additional 30M making total realized gain to about Rs.217M.
Any how happy to see TA predictions about bottom outs, though I am not much following TAs other than for day trades.
Let’s hope for the best. Cheers!

Top investment bank UBS has issued a warning on Sri Lankan economy lowering the 2012 growth rate to 6% and suggesting a degree of overheating in addition to hinting interest rates going up, further pressure on exchange rate, interest rate and Budget deficit.
Source: F/T Today

Talk of bottoming out !

aj

aj

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Does these charts take into consideration that the CSE system got changed and it cut down a lot of regular transactions saving only 1-2 lot transactions and the heavy crossings or the government forcing the EPF to sell off private workers property to foreigners?
As most of you may not know that each symbol like JKH, COMB has a real physical company operating in Sri Lanka. Theoretically the share value is defined by how they perform. WIth the current conditions in the economy I don't see anything that would increase the profits of the companies but be flat or decline over the year.
Only way this market to go up is through manipulation of the junk stocks.

hariesha

hariesha

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We all know that Europe in a severe financial crisis since 2008, and continue to get worse. Their growth forecast for 2012 is -1.5% (Negative growth of 1.5%). Next year (2013) growth forecast is 0.5%. But look at the main share index in Europe. FTSE 100 index is up by massive 44.8% during last three years. This is same for all other European indexes.

Sri Lanka in contrast to grow at 7% this year and 7.6% next year according to IMF figures. Our market has gone through a drastic correction of 30% since Feb. 2011. So it’s not ridicules to believe to it as bottomed out market.

Redbulls

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hariesha wrote:We all know that Europe in a severe financial crisis since 2008, and continue to get worse. Their growth forecast for 2012 is -1.5% (Negative growth of 1.5%). Next year (2013) growth forecast is 0.5%. But look at the main share index in Europe. FTSE 100 index is up by massive 44.8% during last three years. This is same for all other European indexes.

Sri Lanka in contrast to grow at 7% this year and 7.6% next year according to IMF figures. Our market has gone through a drastic correction of 30% since Feb. 2011. So it’s not ridicules to believe to it as bottomed out market.

Well said friend.

aj

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Note that even during the war, when the share prices were much much less, we had 6-7% growth in some years in 200Xs if I remember.

hariesha

hariesha

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Good you accept the facts, If we had a 6-7% growth in war years, then why not now?

aj

aj

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hariesha wrote:Good you accept the facts, If we had a 6-7% growth in war years, then why not now?

Because the country goes on, it hasn't changed.
In other words it doesn't mean when the war is over the growth rate is 14%.

Universalgoal

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yea some collection goin

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Bottom out market and IMF releasing the next tranche this week?

1 Bottom out market and IMF releasing the next tranche this week? Sun Apr 01, 2012 10:15 pm

hariesha

2 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 7:38 am

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3 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 9:16 am

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4 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 11:02 am

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5 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 1:33 pm

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6 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 2:19 pm

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7 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 2:40 pm

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8 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 2:49 pm

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9 Re: Bottom out market and IMF releasing the next tranche this week? Mon Apr 02, 2012 2:56 pm

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