Culprits of GSF

only 98 shares traded. dont get caught in the trap.......

Haven't you noticed? ASI is a drama played by some high not worthies..
This is what the so called "criminals" wanted..

Now its easy to control the ASI with GSF.. who imagined in their dreams a share worth 30-40 rupees max could trade above 1000?????

wonder of Asia..

Naduth hamuduruwange Baduth Hamuduruwange..

Fantastic.

NAV 850, PE 5 company with less than 10 Million shares trade at Rs 800.
NAV 45, PE 4.5 Company trade at Rs 45
NAV 90, PE about 8 company with less than 10 Million shares trade at Rs 70+ today.


GSF at 1500 with NAV 15 , PE about 900.

Wonder of asia.

smallville wrote:This has been trading since 12th of Sep.. from 200 to 1500 in 5 days with 781 volume so far..

Now bids going for 1225.

See if Divasa would be selling this I think their margins would be up in no time.

Total no of shares - 22,500,000
NAV = 15.10

See the interesting facts, at the share price of 1225;

Market Capitalisation (Rs.) - 25312500000

At the share price of 1496.9;

Market Capitalisation (Rs.)33680250000

So now Divasa Finance values more than DFCC, LOLC... Oh.. jeez.. C'mon.. At 43 Bil DIST is there

DFCC - 31,811,722,560.00
CTHR - 29,496,967,458.30
CLC - 28,699,700,265.00
AHUN - 26,129,733,777.00
LOLC - 25,660,800,000.00

The company GSF say we don't know why this is happening

RIO wrote:Hello Mr. Godahewa.....!

What is your action on this Issue...GSF...!

Mr Godahewa is billionaire now with GSF ( unless he disposed before). He had 1,125,000 shares of GSF.

slstock wrote:

RIO wrote:Hello Mr. Godahewa.....!

What is your action on this Issue...GSF...!

Mr Godahewa is billionaire now with GSF ( unless he disposed before). He had 1,125,000 shares of GSF.

Ha ha ha good observation slstock...

Godahewa horu samaga Heluwen.....!

What will happen in near future?

The VVIP share holders that means some of the top twenty will transfer those shares to marginal account and get money from their favourite banks and pump the virtual value money in crap shares and dump to the new lamps who are coming to the market now and in future, in the end CSE will be flooded with credit and crap share mania and in this forum more crying and moaning.
This is the bitter truth but could not be accepted by majority of the members.

What is the purpose of monitoring this kind of shares and waste your time ?

Calculating market cap like this is only good for fun. If they do this to increase the asset value for margin play then the lenders should know how to deal with it. Is there any big impact on ASI ? I do not know.

We had DIAL and GREG as biggest companies sometimes ago, similar way.
Some people do such things in any market. You cannot change it. best to avoid them.

What DIAL owners did was issuing millions of 1/- rupee shares among them and issuing only 10% to the market. NAV was about 1.25 . By artificially limiting the supply they took it's price to 27/- . it became the biggest company in SL with highest mkt cap.
What now?

Chinwi wrote:Calculating market cap like this is only good for fun. If they do this to increase the asset value for margin play then the lenders should know how to deal with it. Is there any big impact on ASI ? I do not know.

Using this ASI was kept up 25 points today.. On an average, it has provided support by 13.2 EOD.

This artificially controlls the market for some time.. That's the worry

smallville wrote:

Chinwi wrote:Calculating market cap like this is only good for fun. If they do this to increase the asset value for margin play then the lenders should know how to deal with it. Is there any big impact on ASI ? I do not know.

Using this ASI was kept up 25 points today.. On an average, it has provided support by 13.2 EOD.

This artificially controlls the market for some time.. That's the worry

IF GSF was not there what would be the ASI today? So people who worry about index need to take that into account also

smallville wrote:

Chinwi wrote:Calculating market cap like this is only good for fun. If they do this to increase the asset value for margin play then the lenders should know how to deal with it. Is there any big impact on ASI ? I do not know.

Using this ASI was kept up 25 points today.. On an average, it has provided support by 13.2 EOD.

This artificially controlls the market for some time.. That's the worry

Just imagine the impact on ASI and market If this crap start correction.

Where are the so called circuit breakers? are they exist?

smallville wrote:GSF

Major Shareholders of GSF as at 17-08-12;

1) Divasa Equity (Pvt)Ltd - 11,475,000 (51.00%)
2) Capital Trust Holdings - 5,625,000 (25.00%)
3) Nalaka Godahewa - 1,125,000 (05.00%)

Is George Stuart Finance = Divasa finance ???

Now this one is trading at 68X its NAV... what a good company?? See the major shareholders..

I just now saw this.. Godaheva in top 3 shareholder list. Don't be suprised if DP's shares moved like this in future.. meka awilla Horage ammagen peina ahanawa wage wedak..
Good luck CSE! Good Luck Sri Lanka!

monash wrote:

I just now saw this.. Godaheva in top 3 shareholder list. Don't be suprised if DP's shares moved like this in future.. meka awilla Horage ammagen peina ahanawa wage wedak..
Good luck CSE! Good Luck Sri Lanka!

LOL this is what I wrote 6th of September

Rajitha wrote:What else were you guys expecting from him ?
Its like the saying goes " Hora ge amagen pena ahanawa wage'"
You guys really expected he will go and put himself in jail or his budy

slstock wrote:

smallville wrote:

Chinwi wrote:Calculating market cap like this is only good for fun. If they do this to increase the asset value for margin play then the lenders should know how to deal with it. Is there any big impact on ASI ? I do not know.

Using this ASI was kept up 25 points today.. On an average, it has provided support by 13.2 EOD.

This artificially controlls the market for some time.. That's the worry

IF GSF was not there what would be the ASI today? So people who worry about index need to take that into account also

Thank you & others for explanations.

Somehow this is not the first time we see this. I don't think CSE can control this. They never did. Are there any regulations to induce selling by introducing shareholders. ?
If you have million shares and release few thousand to public you can do this.

GSF Directors say they have no idea. Kalas. Then what to do?
If they do not want to sell enough shares why they listed it ? That is the only question we can ask.

As Monash said , If any of bigger holders start selling that will create some trouble.

GSF is highly manipulated over the past few days. GSF increases 50% on a daily basis and this happens first thing in the morning. Someone purposely doing this. Number of shares traded in a day is less than 100. They sell one share among manipulators and keep on selling 1 or two shares. Some directors also may play a role in this as this has not gone out to the public that much.

GSF now contributes 1.5% of the total market capitalization and this keeps on increasing everyday since it increases 50% daily. Many people don't know the existence of GSF. However, much reputed undervalued LFIN contributes only 0.45% of the total market capitalization.

If this increase continues, it will lead to a big disaster. This share is only worth Rs. 20/= and if it crashes say from 2500/= to 20/= it will drag the entire market down.

Why relevant authorities don't take any action to end this drama? It is very easy to trace the manipulators as they trade 1 share at a time continuously.

The new ADS system has lots of drawbacks. Even if only one share traded in a day that also taken into account when calculating ASPI. This is a very big bonus for the manipulators.

If this trend continues for another week, GSF will be the number one share in terms of market capitalization overtaking JKH.

Sometimes I really do feel sorry for Dilith Jayaweera & crew. Whenever someone mention this guy's name always retailers come to my mind.
DJ & Crew are lacking how to do things without involving their names. Price appreciation of GSF is a clear indication. When they are under the spotlight they have to be very careful. Taking their own company to a new level ( like this way) means they are just asking more troubles..!

I think Nimal Perera should give some private lessons to this new born gang

Whoever has a connection to this party please convey below my msg.

Please tell them to release more GSF shares to the market. ( from a share holder who doesnot have a direct connection to the top board)

I mentioned Nimal Perera's name not because I know him but I personally believe he is the most professional trader Sri Lanka ever produced.

monash wrote:

Major Shareholders of GSF as at 17-08-12;

1) Divasa Equity (Pvt)Ltd - 11,475,000 (51.00%)
2) Capital Trust Holdings - 5,625,000 (25.00%)
3) Nalaka Godahewa - 1,125,000 (05.00%)

Oh my God...! see the 02. position...ha ha ha that alone will explain the whole drama

I wonder why dineshfernando has to open a new topic each day for GSF

Another trick for publicity??

Chinwi wrote:
Somehow this is not the first time we see this. I don't think CSE can control this. They never did. Are there any regulations to induce selling by introducing shareholders. ?
If you have million shares and release few thousand to public you can do this.

GSF Directors say they have no idea. Kalas. Then what to do?
If they do not want to sell enough shares why they listed it ? That is the only question we can ask.

As Monash said , If any of bigger holders start selling that will create some trouble.

Good point Chinwi..

The next problem comes to my mind is "Why no price bans?" This has been appreciating almost 20-50% each days and in 5 days a share started at 200 goes at 1500..

The rule is only for the first day that at any price this can move.. But for 5 days???

ඩිරෙක්ටර්ලා පැනපු ගමන් කිව්ව "අපි මුකුත් දන්නෙ නෑ"... ගේමක් දෙනකොට නෝන්ඩි නොවී කරන්න වත් ඉතින් දන්නෙ නෑ නෙව. පවු...?

SEC ඉන්වෙස්ටිගේශන් නෑ.. ඒ ඇය්? ගොඩහේවා නෙ 3rd share හෝල්ඩර් in top 20.

Well organised crimes!!

UKboy wrote:Sometimes I really do feel sorry for Dilith Jayaweera & crew. Whenever someone mention this guy's name always retailers come to my mind.
DJ & Crew are lacking how to do things without involving their names.

Agreed.

DJ also admitted it openly in his statement w.r.t TK's resignation.
He did not know investing in CSE has no assurance ...... or something ..

As you said they should act now and do something.

@ smallville,

I think now you know why I commented like that. ( my first post about wasting our time)

Last week I went to few broker places. No one is concerned about these things.
ඔක්කොම ගල් ගිල්ල බිල්ලෝ වගේ ඔහේ ඉන්නව.
අපි මෙතන මේවා ගණන් හද හද අපේ කාලේ කනවා විතරයි. .

කොහොම උනත් මේකේ ඉන්න අය‍ට ( Some members here) දුන්න නම් නම්බු පිටින් ඕක කරලා දෙයි .

smallville wrote:

Chinwi wrote:
Somehow this is not the first time we see this. I don't think CSE can control this. They never did. Are there any regulations to induce selling by introducing shareholders. ?
If you have million shares and release few thousand to public you can do this.

GSF Directors say they have no idea. Kalas. Then what to do?
If they do not want to sell enough shares why they listed it ? That is the only question we can ask.

As Monash said , If any of bigger holders start selling that will create some trouble.

Good point Chinwi..

The next problem comes to my mind is "Why no price bans?" This has been appreciating almost 20-50% each days and in 5 days a share started at 200 goes at 1500..

The rule is only for the first day that at any price this can move.. But for 5 days???

ඩිරෙක්ටර්ලා පැනපු ගමන් කිව්ව "අපි මුකුත් දන්නෙ නෑ"... ගේමක් දෙනකොට නෝන්ඩි නොවී කරන්න වත් ඉතින් දන්නෙ නෑ නෙව. පවු...?

SEC ඉන්වෙස්ටිගේශන් නෑ.. ඒ ඇය්? ගොඩහේවා නෙ 3rd share හෝල්ඩර් in top 20.

Well organised crimes!!

මේක හරියට එස්ඊසී එ‍කෙ බොසා හොරැත් එක්ක හෙලුවෙන් නටමින් ඉන්නව වගේ වැඩක්. එයා හිතන් ඉන්නෙ ඇදන් ඉන්නෙ දිව සලුවක් කියල. හැබැයි මුලු ලෝකෙටම පේනව එයා හෙලුවෙන් ඉන්න බව. මට කනගාටු වටිනා තනතුරක් හෑල්ලු වෙන එකයි.

පබ්ලිසිටි එක්ස්ෆර්ට්ලටත් වරදින තැන් තියෙනවනෙ. ඩීජේ අතින් වියදම් කරල ප්‍රෙස් ටෝක් දාන්න ගිහින් ඇදගෙන නෑවෙ ඒකයි. දැන් එයා මඩ කරපු වතුර හැමෝම යමරෙට ජොලියට නාගන්නව. නාන්නෙ මඩ කියල කිසි අවබෝධයක් නැහැ. හැබැ උන්ගෙ හර්දය සාක්ෂිය මේව ගැන වැරදි නිවැරදි කවුද කොහොමද කියල දන්නව. ජීඑස්එෆ් එක ගැනත් එහෙමයි. එහෙම නොදන්නව කියල කවුරැහරි කියනවනම් උන් රොබෝ වරැන් වෙන්න ඕනෙ.

කවද හරි මේව ගැන සොයන විධියක් ඇතිවෙයි කියන බලාපොරොත්තුවෙන් අපි ඉදිමු.

So without the points added by GSF and the optimism it creates where would ASI stand?

5600?

gamaya wrote:So without the points added by GSF and the optimism it creates where would ASI stand?

5600?

it should be about 5740

To get a picture without GSF effect we can use Milanka or S&P graph.
You can see there is no big effect by GSF to the market when you analyze all the graphs.

Hey, Thanks Chinwi for that quick response.

If there is a condition to sell certain percentage (10% - 20%) of shares to the public (via open market) by the directors within in the certain period of time at a specific price, we can eliminate these kind of manipulations. SEC should introduce a rule to the companies who are listing via introduction. SEC should take a concern on this.

GSF is not the only company which was manipulated when it was listed by introduction. There are many examples such as CDB (late 2010), PCP, PCHH, LOFC etc.

Monster wrote:If there is a condition to sell certain percentage (10% - 20%) of shares to the public (via open market) by the directors within in the certain period of time at a specific price, we can eliminate these kind of manipulations. SEC should introduce a rule to the companies who are listing via introduction. SEC should take a concern on this.

GSF is not the only company which was manipulated when it was listed by introduction. There are many examples such as CDB (late 2010), PCP, PCHH, LOFC etc.

I think that is the need of the hour.
I am going to write this to Dr. Godahewa. I think he can do the adjustment to related criteria withing his tenure.

As you said, this is not the first time.
When Malaysian DIAL did this I tried my best to educate people. Failed.

Chinwi wrote:

Monster wrote:If there is a condition to sell certain percentage (10% - 20%) of shares to the public (via open market) by the directors within in the certain period of time at a specific price, we can eliminate these kind of manipulations. SEC should introduce a rule to the companies who are listing via introduction. SEC should take a concern on this.

GSF is not the only company which was manipulated when it was listed by introduction. There are many examples such as CDB (late 2010), PCP, PCHH, LOFC etc.

I think that is the need of the hour.
I am going to write this to Dr. Godahewa. I think he can do the adjustment to related criteria withing his tenure.

As you said, this is not the first time.
When Malaysian DIAL did this I tried my best to educate people. Failed.

There is another loop-hole in IPO listed companies also. They initially issue & list the required percentage but later buy-back most of it thus effectively reducing the required minimum free float to an insignificant amount. There was a news item, former Chair trying to fix it. I don't know what happened.

While former chair was trying to fix things, we all know what happened to him.