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

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by dayandacool Yesterday at 11:31 pm

» CSE listed companies...Failed or collapsed
by High-flyer Yesterday at 9:14 pm

» L B FINANCE PLC (LFIN.N0000)
by kanishkaecomm Yesterday at 5:17 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Yesterday at 11:52 am

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Yesterday at 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 10:13 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Fri May 14, 2021 9:50 pm

» Company Financials or Group Financials?
by ronstyn53 Fri May 14, 2021 8:07 pm

» Banking Sector Analysis
by ADVENTUS Fri May 14, 2021 7:34 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Bakkabwoi Fri May 14, 2021 5:24 pm

» Grain Elevators Earnings Review With Q1 Results
by EquityChamp Fri May 14, 2021 10:11 am

» What will happen tomorrow?
by Lakshman wijayawardhana Fri May 14, 2021 9:57 am

» Most Undervalued Shares
by Lakshman wijayawardhana Fri May 14, 2021 9:54 am

» Future of Talawakelle Plantation PLC
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 5:02 am

» GLAS will be winner with Super Gain.
by invest thinker Thu May 13, 2021 11:59 am

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Wed May 12, 2021 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Wed May 12, 2021 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Wed May 12, 2021 8:32 pm

» Ban of chemical fertilizers is a great news
by samaritan Wed May 12, 2021 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Wed May 12, 2021 9:48 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™ » Credit Clearance still takes the market down....?

Credit Clearance still takes the market down....?

Go down  Message [Page 1 of 1]

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
News from LBO.LK:

http://www.lankabusinessonline.com/fullstory.php?nid=820587926

Please note the following lines in the above news item:

" Sri Lankan stocks closed 1.1 percent lower Friday ending a two day rally as buyers in credit funded positions sold out, feeding a market consolidation downwards, brokers said"

The question is, whether the above mentioned credit funded position is:

1. Retail? If so is that is due to T+5 or credit allowed by brokers beyond this T+5 or credit outstanding from last December.

2. Croporate? Is it due to 50% mandatory reduction in debt positions of corporates with brokers?

Knowledgeable members on this are welcome to contribute.

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
You can also have a look at this news item in S/Times:

http://www.sundaytimes.lk/index.php/news/5553-colombo-share-prices-slide-ahead-of-settlement-dates

"Colombo share prices continued to slide on Tuesday, reflecting a trend seen in the past few days which brokers attribute to credit settlement dates and the proposed Free Lanka Capital share issue later this week.
Broking firms have to settle 50 % of their dues (credit) by March 31while investors were also holding onto their cash to invest in the Free Lanka Capital Holdings IPO which opens on Thursday"

Does this mean that there is retail credit clearance involved?

Further:

http://www.dailymirror.lk/business/125-stock/10237-market-heads-further-down-09th-march-2011.html

From the above:

"The retail selling is a resultant of the need to raise capital for the forthcoming IPO’s, monies still locked up with the previously concluded IPO of Union Bank and also the 31st March 2011 deadline given to the brokering houses to clear 50% of the debt outstanding as at end 2010."

Are retailers still clearing the end 2010 broker credit balance, as per above?

wis


Manager - Equity Analytics
Manager - Equity Analytics
Nobody will acknowledge the debt situation. Otherwise there could be a unfavorable situation. If they are wise, broker firms should have instructed their employees not to reveal their situation. So this won't go out of hand. I remember after the tsunami in 2004 first thing our managers of an international firm told us was not to discuss tsunami situation with the clients because they could get panicky doing business with us.
I was monitoring a few stocks yesterday. What I feel is that the shares are force sold in a controlled manner so that there won't be a huge dip.
I also noticed most of the top gainers last Friday were illiquid shares again.

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some Brokers are very innovative in opening up new avenues of business by providing the credit laden investors with alternate credit through their other companies.(Not banks)

So credit is not the issue really. It is the sheer panic caused by bad talk!!

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
This subject was dealt in another thread:

http://forum.srilankaequity.com/t1858p40-some-brokers-debts-are-in-the-billions-of-rupees

This is what Rajitha had to say when it was argued that there is retail credit still left to be cleared and that was a reason for market to come down:

quote

Credit Clearance still takes the market down....? Empty Re: some brokers’ debts are in the billions of rupees

Credit Clearance still takes the market down....? Empty Rajitha on Thu Mar 17, 2011 1:01 pm




It seems pointless talking or trying to explain to people that can't grasp with facts! All they want is people to praise them for putting fuel and writing the same rumor they heard from some one else and get upset if any one disagree with them. ( Not worth the effort mono we just get negative rep thats it! ). It seems best to nod along with idiots although you know they are posting baseless rumors and can't even talk 1 minute to try and confirm even if it might have the tiniest bit of truth!

BTW ANU we did had some facts unlike your rumors that you trying to point out as facts! All the peoples brokers + mine as we heard have 0 credit left over from last year to clear( Atleast from retailers as i said) . But including you + many others have t+5 credit !

unquote

This was the opinion of mono along with Rajitha

Now given the scenario explained in the news item and other members,

who are "IDIOTS WHO ARE POSTING BASELESS RUMOURS"
Left for anybody's guess!!

Sponsored content


Back to top  Message [Page 1 of 1]

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