@StockGuru wrote:Sources note New National Government lead by Sirisena-Ranil which is mainly controlled by Ranil Wickremesinghe has assured Sri Lanka's Premier Bluechip Conglomerate John Keells Holdings to continue with its Cinnamon Life Mega Casino and Mixed Development allowing to maintain a Casino in Cinnamon Life as long as the Casino is owned by a Foreigner and operated by a Foreigner!
This is a totally a misleading post made with some selfish intentions. ( I suspect you must be holding W.22 and desperate to make the exit )
Correct news is that , USA based ABERDEEN FUND is making the exit from Colombo . ( may be a percentage they are selling. but who knows waht is the percentage ? )
That's the reason for JKH coming down for Rs 175/= . You will witness this price many times in coming days. Also they are selling COMB , SAMP in the same way.
I am sad to say that current political development in the country is very fragile and I personally have no interest at all to engage in the CSE till I feel my money is safe.
In coming days we will see
1) increase in INTEREST RATES
2) USD dollar reaching Rs 150/=
3) hike in fuel charges
There is a 99 % chance of that CSE is making a correction in this month , so that I made my exit on day before yesterday.
This might be my last post in this forum for a few months time as I'm going to take leave from the market.
- Thanks . GL
PrinceSenior Manager - Equity Analytics
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Join date: 2011-04-20