Stock Market Winners! Database

Guys being a long standing member of this forum...I recently thought that a database of top 10 to 20 shareholders of each company would help us to learn and analyse how to survive during market downturns and how to trade on certain counters in Colombo Stock Exchange.

For the last 5 decades we can obviously apart from deal makers and innovative out of the box entrepreneurs the top shareholders of Sri Lanka's largest conglomerates had been a cartel of families or individuals who are in the same circle.

We have 20 million population and nearly half a million (500,000) stock traders in Sri Lanka among them also only few are day traders but now even day traders are gone with the wind when we look at the market. Many say stock trading and forex trading are zero sum games...but as far as I believe it is not.

So what we are going to do...is we are building a database of top 20 shareholders (as per available data) or may be the available list of shareholders of each stock code from a particular available date to now and the database will continue on each quarter end and whenever a year ends. The database will be hosted free and anybody would be able to access it free of charge.

We may also add additional data on the market capitalization of companies and such as when certain banks were sold to private sector at which price they were sold and at which price those counters are trading today.I always believe this would help us to analyse which top traders in this country had played with same stocks on a quarter or an annual basis and it will provide us hints or glimpse of thoughts to trade in a US $ 48 billion economy that is worth around World's Billionaire Warren Buffet's Wealth and in a stock market worth around US $ 15 billion-which is our Colombo Stock Exchange.

This would also help us to analyse on the thinking pattern of Top Traders and Deal Makers of this country...Some believe and some experts outline that several baby boomers who have been standing as heavy weight giants in Colombo Stock Exchange on everyday trades and some blue chip conglomerate officials and bankers cartel want to keep Colombo Stock Exchange as a place where only a few of them get rich at the expense of another small trading cartel. With a database of top shareholders we would be able to analyse who are falling in to such cartels and how to make money with the same wave.

Reports in Sri Lanka and abroad outline that as of now or up to date data some top bluechip billionaires in Sri Lanka had either made money at the expense of state money (general public tax payers cash) or by carrying out fraudulent business practices and later on such individuals white wash themselves after a few generations pass by and when the original data of their crookedness is gone behind ashes.

For Example today one of the top billionaires in Sri Lanka whose family owns some top bluechip counters in the country was one time a manager of government managed failed textile mill at Wellawatte; Wellawatte Weaving and Spinning Mills (Wellawatte Textile Mills). Nobody have ever thought how he became a billionnaire when he managed a failing government business that defaulted employee salaries and closed down and even the land was sold by a later government to Havelock City Project. Wellawatte Textile Mills was started by Messrs.Darley Butler and Company in 1888 under the management of Sir William Mitchell and that was later acquired by Ahmedbhoy Habibbhoy who was the Managing Director of Bank of Bombay in 1899. Government of Sri Lanka later took over the company and that time the manager who managed the government business of Wellawatte Mills was the person who now owns shares of the company which sells globally popular paint brand and European FMCG brand in Sri Lanka he also owns a 'Popular' restaurant at fifth lane and also a top shareholder of premier bluechip of Sri Lanka.

Secondly one 'Ruthless Business Tycoon' in Sri Lanka was a former employee of a Tea Trading Company who was even ruthless to sue against the person who initially helped him to rise up in his career ladder and he became so powerful after he funded a top lady president of the country for her campaign in 1994 and getting a container terminal ownership at Colombo port after her approval. He was one time said to be the owner of major stakes of all most all top local licensed commercial banks in Sri Lanka.

Thirdly a few 'so called expert' people who had been appointed to failing financial companies by the banking watchdog - red handkerchief holding Peterite, former politician who white washed himself from gold quest related transactions is even worst. One such guy is a person who supplies exclusive items of goods to banking watchdog and a person who closed down the listed tea company after losing revenue and importing gold quest coins inside the tea boxes. And another one such expert is a boasting guy who had actually managed a failing treasury of Zambia Copper Mines in 1990's when Zambian government took over the company after mismanagement and when this guy came back to Sri Lanka he bought the car of present banking watchdog and became friends with him ever since now do all underhand deals by making money unethically. Another guy in this cartel is a former money broker and a top white collar fraudster of Sri Lanka and said to be the king of Bonds.


So all you need to do is go look at the database of quarter reports and annual financials and then fill in the top 20 shareholders of each stock counter on last day of each quarter; then we will provide a back ground of each company for the general knowledge such as who started it; who owned; from which hand to which hand it changed how and why and at a what kind of back ground.

Please be a volunteer for us to compile this information and go to accessible google doc attached below and fill it out.

https://docs.google.com/spreadsheet/ccc?key=0AupUrs80BY1AdERHMXBCQk1UbWtaUlVXcFIwNndxS0E

ANYBODY WHO LIKES TO COMPLETE THE ABOVE LINKED FILE LET US KNOW.

i like to do this task.

How the top 20 share holders will be stock market winners ??? .. some as mentioned earn money in wrong/bad way and came to top 20 holders... that all...

manula wrote:How the top 20 share holders will be stock market winners ??? .. some as mentioned earn money in wrong/bad way and came to top 20 holders... that all...

There is no genuine business exist any where.
Cut throats..........

Redbulls wrote:

manula wrote:How the top 20 share holders will be stock market winners ??? .. some as mentioned earn money in wrong/bad way and came to top 20 holders... that all...

There is no genuine business exist any where.
Cut throats..........

That true...macho... but why to worry to make top 20 share holders list... any use ??? (that the thing i cannot understand)

I think the idea of those who wants to do this data base, to show us how these multi billionaires came from grass root to the top crème of the society.

Very Good proposal once the data base is completed it will have lots of users including public interest litigants.

Correct manula and thanks StockGuru.

This work will help everyone, I believe. And it is good if we can know the ultimate shareholders as well; where the shares are held by a private company or even another PLC which is owned by individuals. And the directors who hold shares indirectly through other companies; this information is not disclosed in even the Annual Reports. There can be directors who hold shares indirectly through other companies as well, without being a director in that other company.

We may discover many things we never knew. Thanks for the information already given by you, StockGuru. There may be many who didn't know these things before and benefit from such information.

Good move. At least talk about the background facts about your distinguished emminent respected very important people how they came there. Did they point guns at the peers to get power, did they buy government property for cents, or take billions of loans from the state banks that they never paid...
What this will teach us is if you're a honest law abiding citizen, you'll be a real bull travelling in private buses and thinking how to pay your housing loan for your small asbestos hut or your luxury old second hand maruti. Teach your children how these people became rich. Don't teach them bullshit about honesty and law.

haveesha wrote:i like to do this task.

Thanks will send you the accessible link so that you can login and edit. send me your email address to srilanka equity message box and will send you and invite.

Is there any possibility of knowing the SEC Commissioners who have interest in PLCs, especially at director level? I remember reading somewhere that regulation does not happen in a fair way due to one or a few SEC commissioners having vested interests in some companies.