Market may down another 550 points

slstock, without giving any valid reason Teller says market would drop by another 550 points. Why not you make your attention to this statement and request him to make statement with valid reasons and so on ?Poor members (new to stock trading) will sell their PF with a loss otherwise.

https://i.servimg.com/u/f82/17/82/21/04/asi14.png , pls ref above, unfortunately I can't upload drafts through my system. I didn't predict the market my own way. All economies are performing towardsrds to crisis.US economy 1.8% slow down.SL economy didn't perform as expected in last quarter .commodities market collapsed.balance of payment crisis on the way.plantation wage hike on the way.market PE ratio is attractive but are satis with the 75% of finance companies performances.leading finance company in kegalle's struct with their pawning .no one want to re pay and save the jeellery.they almost advanced 48,0000 to 54,000 . But now value decreased to 44,000.they don't have liquidity even from an auction,Boc and peoples bank have advanced billions even LB finance.rupee depreciation and 10% import tax so far make them happy but how long.said finance company increased the pawning interest rate 36% per annum. We are talking any 15% lending rate now .65% of their pawning jwelleries has to go an auction. The loss may be millions.it's a listed company. Another company has mote than 2000 ceases vehicles in their yard. They don't get any profit even can't recover the cost.also another listed finance company has given billions as micro credit in rural areas has faced a major recovery problem.they give loans 28% interest per annum (some times effective rate goes 28-44%) with out any assets.they make 3 small groups * 7 groups and approve the loan. Repayment is typically twice a week.so now what happend 4-6 micro finance companies are approving loans for same group.so they take loans and use for consumptions rather than investing a new business.no funds to repay. What a use of a legal action .it will take years to recover. So the systems are full of mess now. 60% Sri lankans jwelleries in bank or in finance companies.

Teller wrote:https://i.servimg.com/u/f82/17/82/21/04/asi14.png       , pls ref above, unfortunately I can't upload drafts through my system. I didn't predict the market my own way. All economies are performing towardsrds to crisis.US economy 1.8% slow down.SL economy didn't perform as expected in last quarter .commodities market collapsed.balance of payment crisis on the way.plantation wage hike on the way.market PE ratio is attractive but are satis with the 75% of finance companies performances.leading finance company in kegalle's struct with their pawning .no one want to re pay and save the jeellery.they almost advanced 48,0000 to 54,000 . But now value decreased to 44,000.they don't have liquidity even from an auction,Boc and peoples bank have advanced billions even LB finance.rupee depreciation and 10% import tax so far make them happy but how long.said finance company increased the pawning interest rate 36% per annum. We are talking any 15% lending rate now .65% of their pawning jwelleries has to go an auction. The loss may be millions.it's a listed company. Another company has mote than 2000 ceases vehicles in their yard. They don't get any profit even can't recover the cost.also another listed finance company has given billions as micro credit in rural areas has faced a major recovery problem.they give loans 28% interest per annum (some times effective rate goes  28-44%) with out any assets.they make 3 small groups * 7 groups and approve the loan. Repayment is typically twice a week.so now what  happend 4-6 micro finance companies are approving loans for same group.so they take loans and use for consumptions rather than investing a new business.no funds to repay. What a use of a legal action .it will take years to recover. So the systems are full of mess now. 60% Sri lankans jwelleries in bank or in finance companies.

hutaa..... lots of points...... all sided with negative side.... !!!

ammapa machan rupiyalak wath CSE eke invest karanna hoda nadda......

mechcharama notorious kiyala hithune nathath mata... in next 30days is crucial...!!!
i hope good time will come to buy kiyala but... last two days... little green lights came but yet not sure...!!!

*pls I am yet to be an expert in investing CSE! GL!

Teller wrote:https://i.servimg.com/u/f82/17/82/21/04/asi14.png       , pls ref above, unfortunately I can't upload drafts through my system. I didn't predict the market my own way. All economies are performing towardsrds to crisis.US economy 1.8% slow down.SL economy didn't perform as expected in last quarter .commodities market collapsed.balance of payment crisis on the way.plantation wage hike on the way.market PE ratio is attractive but are satis with the 75% of finance companies performances.leading finance company in kegalle's struct with their pawning .no one want to re pay and save the jeellery.they almost advanced 48,0000 to 54,000 . But now value decreased to 44,000.they don't have liquidity even from an auction,Boc and peoples bank have advanced billions even LB finance.rupee depreciation and 10% import tax so far make them happy but how long.said finance company increased the pawning interest rate 36% per annum. We are talking any 15% lending rate now .65% of their pawning jwelleries has to go an auction. The loss may be millions.it's a listed company. Another company has mote than 2000 ceases vehicles in their yard. They don't get any profit even can't recover the cost.also another listed finance company has given billions as micro credit in rural areas has faced a major recovery problem.they give loans 28% interest per annum (some times effective rate goes  28-44%) with out any assets.they make 3 small groups * 7 groups and approve the loan. Repayment is typically twice a week.so now what  happend 4-6 micro finance companies are approving loans for same group.so they take loans and use for consumptions rather than investing a new business.no funds to repay. What a use of a legal action .it will take years to recover. So the systems are full of mess now. 60% Sri lankans jwelleries in bank or in finance companies.

so simple terms... good time to buy ne.. (only thing not buy for credit).

@ Teller.

I am working closely with micro Baking sector, still our Recovery rate is very high some times it goes above 100% due to small amounts being re payed early. Also our operational team is in touch with them every day to make sure the given money is utilized in the expected business. Admin. cost is quite high.

Still the industry is very lavish and no any alarming. But yes in 3-5 years their will be a saturation in the industry of Gov. failed to take corrective actions.

Dont make people fear by creating stories.

Dear Arena, I agree when it comes to commercial credit PLC ,the golden story was written because of micro credit .when it starts early 2000' the net profit low as much as 10-12mn but in 2012/13 profit reaches nearly 1bn. The most of the profit came because of micro credit loans. Now they diversifying to land sales,leases etc.when mr.kothalawal starts grameen as micro finance business there were lot of successful stories created by pointing out Bangladesh success and business module.they have granted the loans for business purposes only but in sri Lanka most of the loans are going on for consumptions only.there are some ethics to follow when customer applies the loan.presenting a business proposal,starting a business,developing the business,attending weekly or monthly meetings/events,maintaining a saving account among them.the credit officer/field officer has to monitor these things.customer business,repayment ability,consultancy are major responsibilities.but mr.arena,are these functioning in Sri Lanka well???. There is a finance company they just give the loan application ,next day grant the loan . This is not a real micro finance concept. This industry may not exist for a long time .in my point of view that all micro finance companies must get together to act in common principles.women are getting the loans and their husbands are attacking to field officers at the time of asking repayments. That kind of attack was reported in kuliuspitiya last month.the field officer stays at home after resign. People start with small loans as low as 30,000 may increase to 65,000 with in year . 5 to six micro finace companies are granting loans for a same woman may increase to 150,000 .so she can't repay it as huge amount,it's like credit cards we have 5 to six banks.it's so sweety at the time of spending but pay???. The other tragedy situation is some micro finance companies field officers can't be entered some villages.they are black listed companies by villagers.when mr.premalal owner of prime land acquires ceylinco grameen had big problems.recovery rate was too low.no one company was grameen in the history . But at the moment commercial credit is the 1st in rank ,Kanrich finance may be in 2nd. Actually what happened to ceylinco grameen ,the introduced of micro business to Sri Lanka? Employees were given 8-10 times bonus per year , this business is not a long term business if they don't have diversification .poor will be poorest in coming years.government or central bank has to impose ne lows to protecting people as well as companies.commercial credit PLC,Kanrich finance ltd,sdb,people leasing,Lomb,nab,cifl,berendina,mbsl,cdb,silver line are leaders in the industry,when our main attention to CIFL they loose millions in polonnaruwa and suburb.they gave farmers unfortunately drought and other factors led them to not to repay.now cifl vanished ,their micro finance vanished.granting loans as easy as ABC but recovery????

micro finance is good to reduce poverty provided it combined with ethical banking and proper infrastructural development Kothalawala is the last person to do ethical banking but I think Sanasa is doing fairly good job

There is no "ethical banking" when it comes to micro credit. The interest rates they charge from the poorest of the poor are exhorbitantly high. However, the default rate is very low given that these people are much more honest than city folk and they live in close-knit communities, so they find if difficult to face their neighbors if they default. As someone mentioned above, they tend to pay more than the due installment during a good harvest so the collection rate is more than 100%. I know this because I was involved in an industry which required the services of micro-credit agencies (Sanasa, SEEDS-Sarvodaya, LOLC, etc.). Also, calling Kothalawala "ethical" is a joke.

what I mean by "Kothalawala is the last person to do ethical banking"
is he will never do ethical banking

For me even Poliya mudalali who get 10% per month is ethical since he takes a very higher risk by lending to unknown people who has no good reputation in finance transactions.

The rate is depend on the risk they take.

I agree with WWDNF the default rate of micro finance is very low due to the facts  given, low default rate mean low risk, then interest rate has to be low. low interest rate loan with proper guidance is ethical banking but most of the current micro finace institutes are poliya mudalali with different skin

Funny about this discussion. If you did not know by now, the initial RM fund was a part of the Microfinance program with a bank having drawdown rights.

Small finance firms have high expense costs so it does not work. Also a lot of fraud issues + you need thuggish friends .....

Vptilak wrote:slstock, without giving any valid reason Teller says market would drop by another 550 points. Why not you make your attention to this statement and request him to make statement with valid reasons and so on ?Poor members (new to stock trading) will sell their PF with a loss otherwise.

Just becuz Teller said somethin, nobody has to follow him blindly.. He's reasoning out why he thinks as such. Market may not go down to that level so lets listen to his reasons for a moment  

99% have optimistic thinkig and only 1% has pessimistic thinkig . More than 50 b funds will add to economy from commercial bank so buying power will increase .companies get more revenue and profitability will increase.how ever the way of this thinking Is a peanut. Our investors think to get 15% loan from the bank or margin trading and invest on cse.this is a suicide.learn from your past experiences and determine not buy any fill on credit,market PE is attractive but 75% of companies too much over value so far.these companies may deliver good financials in 2016. Good return on equity,less debt,good reinvestment rate,better dividend pay,continuous demand of product and services,good marketing strategies,social responsibility,industry leaders have a crystal way.