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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Stampede At Refreshment Table

Stampede At Refreshment Table

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1Stampede At Refreshment Table Empty Stampede At Refreshment Table Sat Jan 25, 2014 6:09 pm

Patchchasira


Equity Analytic
Equity Analytic
I attended the Local Investor forum organised by the CSE and the SEC held today at the Taj (On Golden Pond). It was useful to many lay investors. It was quite hilarious to see many of our senior citizens run and hog the refreshment table immediately on completion of the official work and stack their plates with food leaving none for others. They managed to finish off all the food on the table within a few minutes. Never seen anything like that since I left school! Must have been compensating for the losses incurred in the stock market!

2Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sat Jan 25, 2014 6:30 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
You sure it was only senior citizens? Though this is an Investor forum , I think we should discuss issues related to society which eventually/indirect will reflect on development of the country.


This is just a general observation I have made ( just extending the above) .
So anyone don't get your pant--s in a bunch now. If you don't agree it is fine.

When I look at certain foreign countries and general workers attitudes ( example supermarket cashiers to customer service) , the courteousness, the happiness , the commitment for their jobs clearly shows. Most people smile, greet and are pleasant to talk to. In most SE Asian countries ( including Sri Lanka), people at work are moody, smile-less and appears they are doing the their job to the minimum becasue they have to . Most appears they don;t enjoy/appreciate what they are doing.

I can think of several reason why this happens. But will not go into details. These issues have to address at the employer level as well as individual attitude level ( maybe starting at schools). Oh I forgot also at political level.

I have not given up hope for a more happier society in Sri Lanka which would lead to faster development of the country. The example given here another side of the same situtation.

It might take several more generation to achieve, but it need to gradually happen if we are to achieve real development.


Btw, Patchchasira,

Would be good if you cab share the topics discussed at the Investor forum?

3Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sat Jan 25, 2014 6:45 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Some points we can gather from the below link
http://dissention.wordpress.com/2011/05/03/why-east-asians-are-disliked-as-bosses-colleagues-and-businessmen/

@slstock wrote:You sure it was only senior citizens?  Though this is an Investor forum , I think  we should discuss issues related to society which eventually/indirect   will reflect on development of the country.


This is  just a general  observation  I have made ( just extending the above) .
So anyone don't get your pant--s in a  bunch now. If you don't agree it is fine.

When I look at certain foreign countries and  general workers  attitudes (  example supermarket cashiers to customer service) ,  the courteousness, the happiness , the commitment  for their jobs clearly shows.  Most people smile, greet and are pleasant to talk to.   In most SE Asian countries ( including Sri Lanka), people at work are moody, smile-less and appears they are doing the their job to the minimum becasue they have to . Most appears they don;t enjoy/appreciate what they are doing.

I can think of several reason why this happens.  But will not go into details. These issues have to address at the employer level as well as individual attitude level ( maybe starting at schools). Oh I forgot also at political level.  
 
I have not given up hope for a more  happier  society in Sri Lanka which would  lead to faster development of the country.   The example given here another side of the same situtation.

It might take several more generation  to achieve, but it need to gradually happen if we are to achieve real development.  


Btw,  Patchchasira,

Would be good if you cab share the topics discussed at the Investor forum?

4Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sat Jan 25, 2014 7:34 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Even in many Asian countries where business related forums are conducted you can see many (irrespective of age levels) exchange views of business topics anxiously while introducing themselves each other at interval times. It is a sort of opportunity to establish links with executives who participated from different part of the regions or to be knowledge sharing base within a limited time period. It is funny to notice that absorbing fatty things keeping away the business ladder.

5Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sat Jan 25, 2014 9:58 pm

Patchchasira


Equity Analytic
Equity Analytic
In short the presentation was educational rather than technical. It focused on the investor activities over a period of time and advice on how to invest. Basically buy in bad times and sell in good times. Importance of not being too greedy and exiting when your target price is met. The argument was backed up by trading statistics showing foreign buying & selling data during 2009 – 2010 and buying & selling statistics during 2011. Presentations also focused on Macroeconomic factors including GDP growth and external factors impacting the local economy. The importance of managing your investment portfolio at different times also when to shift from equities to fixed income securities and vice versa in what proportions using charts (it was informed that the detailed presentation will be uploaded to the CSE web site soon).How to identify overvalued and undervalued stocks etc. How the market reached 25 times the PE in 2011 etc. The presentation also included advice on using credit to finance your investment and how much exposure you should have to it. It was also highlighted the research work being done by the CSE itself for the benefit of the investors and of the 10 reports currently available on the CSE web site.
There was also a lively Q&A session with some investors pointing fingers at some brokers for not being well informed, the CSE, Mafia controlling the market how money is being siphoned away from equities etc.


@slstock wrote:You sure it was only senior citizens?  Though this is an Investor forum , I think  we should discuss issues related to society which eventually/indirect   will reflect on development of the country.


This is  just a general  observation  I have made ( just extending the above) .
So anyone don't get your pant--s in a  bunch now. If you don't agree it is fine.

When I look at certain foreign countries and  general workers  attitudes (  example supermarket cashiers to customer service) ,  the courteousness, the happiness , the commitment  for their jobs clearly shows.  Most people smile, greet and are pleasant to talk to.   In most SE Asian countries ( including Sri Lanka), people at work are moody, smile-less and appears they are doing the their job to the minimum becasue they have to . Most appears they don;t enjoy/appreciate what they are doing.

I can think of several reason why this happens.  But will not go into details. These issues have to address at the employer level as well as individual attitude level ( maybe starting at schools). Oh I forgot also at political level.  
 
I have not given up hope for a more  happier  society in Sri Lanka which would  lead to faster development of the country.   The example given here another side of the same situtation.

It might take several more generation  to achieve, but it need to gradually happen if we are to achieve real development.  


Btw,  Patchchasira,

Would be good if you cab share the topics discussed at the Investor forum?

6Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sat Jan 25, 2014 10:31 pm

Backstage

Backstage
Moderator
Moderator
The main presentation was focused what happened 2009 to 2011, What went wrong and what not to do again. The ABC's of wealth management. The topic was Potential Value of Stockmarket, The presentation was something else. They started late, there was no explanation whatsoever about what the forum was about, the main speaker went over time out of topic, the panel didn't discuss and the questions time became a farce with a few people holding the floor while the moderator looked spaced out ,people were gesturing for him to moderate and the guy seated next to him was prodding him , but he was unmoved , spellbound by an old time investor having blast slamming them, then they made the fatal mistake of allowing KC Vignarajah (god bless his soul) to get on stage and take the podium and as to be expected Vigna started going to town on his favorite topics and finally had to be stopped almost by force, by then no more time for more questions and some asked earlier unanswered. The climax was the rush for the refreshments, yes it was mainly the senior citizens who were the majority who led the charge, 80 per cent of the participants zeroed in on that table and attacked it from all sides, it was carnage, within minutes there wasn't a scrap of food left. The CSE hadn't worked out the demand/supply factor. I managed to get a fish sandwich when they sent in a late plate, it was wiped out before the waiter could put it on the table. That my friends was the highlight of the day. Waste of a precious Saturday morning.

7Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sat Jan 25, 2014 10:44 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
So to sum up the whole evening, that the free food attracted the senior investors who have amply demonstrated that the age has not diminished their voracious appetite for (free) food and also that they are still capable of outperforming the younger investors.  Very Happy 
Bravo.  Smile 

8Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sun Jan 26, 2014 12:11 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
අයියෝ මේ ඉන්වෙස්ටර් ල නෙවි. ඔය සෙට් එක හැම AGM එකටම එනව​. කාගෙ හරි ප්‍රොක්සි එකක් ඉල්ලගෙන​. එහෙම නැත්නම් ශෙයාස් 1 ක් 2 ක් වැඩිම උනොත් කිහිපයකින් 100 ක් ඇති.

බොහෝ විට රැස්වීම ඉවර වෙන්නත් කලින් පොරකා ගෙන ගොස් කැම එකතු කරනව​.
මේ කල්ලියෙ නෝටඩ් කිහිප දෙනෙක් ඉන්නව​. අවු 40-45 වගේ ඇති, පොඩි , කොන්ඩෙ බොකුටු කන්නඩි දාන රස්ටි ටයිප් එකෙක් ලොකු බැග් එකක් අරන් එන්නෙ. ශවල් ගහන්න වගේ කැම පිඟන් අරන් බැග් එකේ පුරව ගන්නව​. තව කෙට්ටු , උස​, ඇත්තටම කන්න නැති වගේ පෙනුම ඇති වයස් ගත කෙනෙකුත් එනව​. ඔහුත් බැග් මලු වලට අනුන් ගෙ කැම පුරව ගන්නව​.

තව 15-20 ක් ඉන්නව කන්න දෙන නිසාම එනව​. ඇවිත් නියම ඉන්වෙස්ටර්ස් ල රැස්වීම ඉවර වෙලා එන්න කලින් කිඹුලො කිරි මැටි ගිලින්න වගේ කට වල්පුරෝ ගෙන ගිලිනව​.

9Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sun Jan 26, 2014 4:43 am

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
In early 90's I worked for a listed company and can remember they used to distribute excess food amongst the staff after the AGM. May be now the situation has changed.

10Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Sun Jan 26, 2014 11:14 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
So far I have never been able to attend to any AGM. Most of the time they are around 20-30 in the month which I'm so busy with salary matters and month end work.

11Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Mon Jan 27, 2014 10:31 am

K.Haputantri

K.Haputantri
Co-Admin
http://www.cse.lk/cmt/upload_cse_announcements/1431390791630_.pdf

12Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Mon Jan 27, 2014 11:00 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Why, no mentioned about the food crisis or the stampede.

This is an inaccurate report by CSE. Very bad haha



@K.Haputantri wrote:http://www.cse.lk/cmt/upload_cse_announcements/1431390791630_.pdf

13Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Mon Jan 27, 2014 11:07 am

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Why, no mentioned about the food crisis or the stampede.  

This is an inaccurate report by CSE. Very bad haha



@K.Haputantri wrote:http://www.cse.lk/cmt/upload_cse_announcements/1431390791630_.pdf

Don't worry just like KAPI they will also publish an errata notice, but with the CSE it will take about 2-3 years

14Stampede At Refreshment Table Empty Re: Stampede At Refreshment Table Mon Jan 27, 2014 11:13 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
2-3 years! It a cover up then.  Very Happy  CSE can say "Mata mathaka naha" easily Rolling Eyes 

Next forum, there will be just Nice biscuits and Karapincha and Olu biscuits for the health conscious.

After that. Kola Kenda only. See the pattern  Wink 




@Jiggysaurus wrote:
@slstock wrote:Why, no mentioned about the food crisis or the stampede.  

This is an inaccurate report by CSE. Very bad haha



@K.Haputantri wrote:http://www.cse.lk/cmt/upload_cse_announcements/1431390791630_.pdf

Don't worry just like KAPI they will also publish an errata notice, but with the CSE it will take about 2-3 years

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