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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ »  Investments in shares: EPF loses billions

Investments in shares: EPF loses billions

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Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
TUESDAY, 22 APRIL 2014 07:26
http://www.dailymirror.lk/news/46122-investments-in-shares-epf-loses-billions.html


Auditor General H.A.S. Smaraweera in his review of the 2011 annual report of the Employees Provident Fund (EPF) said Sri Lanka’s main social security fund had lost nearly Rs.11.7 billion through investments in 58 private institutions.

He said these losses had resulted in a 1 % decrease on benefits payable to 2.5 million EPF members in 2011.

“There has been a 1% decrease on the benefits payable to the members in 2011 as compared with 2010. This is a decrease on investment income of Rs.5,049.303,683 in 2011,” Mr. Samaraweera stated in his audit review of October 10, 2013.

Out of the long term and short term investments amounting to Rs.63,169,398,923 made by the EPF in 76 companies in the share market by January 15, 2013, the value of investments made in 58 companies amounting to Rs.54,006,955,606 had diminished by Rs.ll,737,841,979.

“Some 500 million rupees invested in 1,863,676 units of an airline company in 2010 had not yielded any income to the fund since the date of investment. In its response, the Central Bank said it was confident of future profits from the companies with the losses decreasing gradually,” the Auditor General’s report noted..........................................................

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If some one can analyze CDS statistics he can see who benefited from this transactions
Victims are retail investors( You and me )and public funds

Who benefited - Monitor of Govt Manipulations and his friends

The man boast about the economy through govt media

WHO is the culprit



Last edited by D.G.Dayaratne on Tue Apr 22, 2014 12:41 pm; edited 2 times in total (Reason for editing : typing error)

VALUEPICK

VALUEPICK
Expert
Expert
In paper lot of value has gone down in stock portfolios held by fund mangers. Even our portfolio value also have gown down due to sluggish market. When bull market comes automatically value of our portfolio will go up. In stock market stock value could change in daily, monthly, quarterly and yearly basis due to different types of traders and instruments. In the long run stock markets create attractive returns. For example value stocks with growth potential will appreciate in the mid and long term dramatically. If we analyse some stocks during last ten years we can find out difference between stock prices traded then and now. There is a big difference between trading and investment. Long term investors ready to forget volatility. They buy and hold. Stock market, business all have cycles. We should monitor some stocks and then we should study how they are going to appreciate during next six month to next 10 years. Then we will find how much value has stocks with great businesses. At what price did NEST trade in 2003? Lowest price for CTEA was around Rs.22. Now it is trading around Rs.700/. At that time value was very low. Now their business value has gone up. Now some stocks have neglected and have become out of favour stocks and they have very very cheap value. They have attractive mid and long term value. When they become turnaround companies and when they become growth companies their share prices will go up dramatically.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
VALUEPICK that is general story about stock market

But sri lanka case is different.It is a Managed market

If you analyze CDS statistics you will understand

Pl check only these figures

From whom Public Fund purchase after 2005 at what prices

Purchase price of sellers who sold to public funds

The loss uncured by public Funds and profit incurred by sellers who sell to public funds

You also can analyze retailers loss also using CDS Statistics in the same way



Then you can get the correct picture

In stock market profit equal to losses

VALUEPICK

VALUEPICK
Expert
Expert
Every market is same. Nobody cannot make profit almost every day. In one period some fund mangers make more profit. In some other period some other fund mangers will have their day. We cannot have investment success within the short period. Even Intelligent long term investors make mistakes. It is time to look for growth areas in the economy. In this growth areas there are valuable companies such as future turnaround companies, out of favour companies, value companies and growth companies. Have a look at values of companies traded in some sectors such as banking, plantations sector, hotel sector and food and beverages sector. If we monitor their stock value from next six months to five years we can get idea how much value they will have in the future. Keep an eye on locally grown well managed companies in addition to future winners. Some sectors will have favourable business climate locally and globally in the coming years. When we see coming bull market even portfolio of EPF will go up dramatically. Now it is time to go behind value businesses.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
VLUEPICK You talking abut stock market in general

Any text book on stock market say same thing


What i say is about SL Stock market

That is the difference

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