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no more delist- no more split Vote_lcap11%no more delist- no more split Vote_rcap 11% [ 21 ]
no more delist- no more split Vote_lcap20%no more delist- no more split Vote_rcap 20% [ 38 ]
no more delist- no more split Vote_lcap29%no more delist- no more split Vote_rcap 29% [ 55 ]
no more delist- no more split Vote_lcap40%no more delist- no more split Vote_rcap 40% [ 76 ]

Total Votes : 190

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » no more delist- no more split

no more delist- no more split

+3
fireshelter
Gainer
man123
7 posters

Go down  Message [Page 1 of 1]

1no more delist- no more split Empty no more delist- no more split Thu Mar 03, 2016 7:49 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

No more de-list- No more Split

SEC reconsiders minimum public float rule: CSE


http://www.lankabusinessonline.com/sec-reconsiders-minimum-public-float-rule-cse/#comment-4211

Sri Lanka’s securities regulator is reconsidering the minimum public float rule as the intention of introducing such rule was not met, ‎a senior official at the CSE said.

Chief Executive Officer at the Colombo Stock Exchange Rajeeva Bandaranaike said the intention of introducing the minimum holding rule was to encourage the public float.

“The intention was good, but companies really did not choose to divest. Instead some companies choose to demote themselves to Diri Savi board and some others choose to de-list,” Bandaranaike said.

Few companies have already de-listed and several others have transferred to the secondary Diri Savi Board following the introduction of new rules.

“The regulator is looking at it right now and there is a strong possibility that they reconsider the rule. Right now most of the companies have been given extension of one year.”

Bandaranaike was speaking at the capital market conference 2016 organized by UTO Edu Consult.

The securities watchdog brought in the new rules that are applicable to all public listed entities which have their equity listed on the CSE effective from 01 January 2014.

As per the minimum public holding rules, there are two ways to get listed on the main board of the Colombo Stock Exchange.

One option is that a listed entity on the main board should maintain a minimum public holding of 20 percent of its total listed ordinary voting shares in the hands of a minimum of 750 public shareholders.

Second option is that a market capitalization of 5 billion rupees of its public holding in the hands of a minimum of 500 public shareholders while maintaining a minimum public holding of 10 percent.

To list on the secondary DiriSavi Board, a company should maintain a minimum public holding of 10 percent of its total listed shares in the hands of a minimum of 200 public shareholders

2no more delist- no more split Empty Re: no more delist- no more split Thu Mar 03, 2016 10:21 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SEC should be reconcider bcoz very low number of public investors in the market.

Who will buy ? how can increase the public holding ? not possible SEC not possible.

even 100 shares very hard to sell in this bloody market.

Only possible minimum public holding 5% and minimum number of  public shareholders 100

only lessthan 1000 active investors in the market.

Before THILAK more than 25,000 Active investors

After THILAK less than 1000 Active investors.

3no more delist- no more split Empty Re: no more delist- no more split Thu Mar 03, 2016 10:52 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Twisted Evil Twisted Evil Twisted Evil Thilak

4no more delist- no more split Empty Re: no more delist- no more split Fri Mar 04, 2016 12:30 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

F**** !  

What will happen to our illiquid share collectors ?

No policy no steadiness  no aim no no no all no

If you work on a policy all of sudden they will change it and you will be finished.

වැල යන අතට මැස්ස ගහන කාලයක්.


NOte : I have only Equity one and MPRH , thankfully they have almost done the delisting . විකුන ගන්න බැරුව ඉන්න කාලෙ අන්තිමට  ඩී ලිස්ට් කරන එකෙත් වටිනාකමක් ආව​.!

5no more delist- no more split Empty Re: no more delist- no more split Fri Mar 04, 2016 2:03 pm

dennam jambu


Senior Equity Analytic
Senior Equity Analytic

මේ හරකුන්ට කීව ගොඩක් දෙනෙක් පරන ලිස්ට් ක්රලා තියෙන ඒවා නැතිව අලුත් ලිස්ට් කරන ඒවාට විතරක් දානන ඔය නීතිය  කියල.අපිට තේරෙනවා මේ පරණ ඒවාට දාල හරි යන්නේ නේ අඉන් කර ගන්නවා විතරය් කියල. අපිට තේරෙන දේ මෙයාලට තේරෙන්නේ නැ.

6no more delist- no more split Empty Re: no more delist- no more split Fri Mar 04, 2016 2:08 pm

EquityChamp

EquityChamp
Moderator
Moderator

Gainer wrote:SEC should be reconcider bcoz very low number of public investors in the market.

Who will buy ? how can increase the public holding ? not possible SEC not possible.

even 100 shares very hard to sell in this bloody market.

Only possible minimum public holding 5% and minimum number of  public shareholders 100

only lessthan 1000 active investors in the market.

Before THILAK more than 25,000 Active investors

After THILAK less than 1000 Active investors.
You with Jana has to lobby against this in SEC, don't you think so?Very Happy

7no more delist- no more split Empty Re: no more delist- no more split Tue Mar 08, 2016 2:57 am

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Doesn't matter ... as an illiquid stock it never goes down. 

even now also I am very safe because my PF filled by illiquid stocks. So still My PF in Green

and I made good money with them so many times..

Now CPRT ..SLND.. EQIT.. NEH.. OFEQ.. all will make good gain for me 

specially CPRT will make double money in mid term or short term with out any doubt

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