If any fundamental liquid share get outside/internal interest for some continous period with large volume of shares it will not be easy to push down .
Take DIST , CFIN for example.
@prabath wrote:Trend are formed by controllers.If they want red will be given tomorrow.This a fact evryone shd understnd.@slstock wrote:Ah pre - budget arousal?
Seems a bit of a trend is forming. But too early to tell through. Let see.@slstock wrote:Usually there is atleast a small run before budget. This yeat no go.
It seems there is lot of negative feeling about " increase of taxes" and the rather negative Sept companies results.
There is a limit to increase taxes. The VAT imposed on Financial institutions during war times is still there . Increasing taxes to hurt companies and burden already hit individuals is not the way to solve this revenue issue. It is to promote better environment for business by making it easier to start and conduct business, better rule of law and transparency, reduce red tape, reduce unnecessary/too many taxes and combine it as slabs etc.
It time Govenment realize that more prosperous people means country gets prosperous faster than letting few individuals to become richer.
Hope this budget is thought long term and not on impulse to solve short term issues to kill the lower and middle class people and businesses.
Maybe it is reasonable to think about Execise tax but increasing corporate taxes and taxes that affect normal citizens is suicide.
There is limot people can be pushed . The unbelievable and totally unreasonable electricity increase was a mssive blow. Thanks to mismanagment at CEB and petrolium see how the whole country was affected.