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Check out Below Article in Sunday Times...
That was 6 May 2001... Many in this forum would have been learning at school that time...
JKH at Rs.33/=
CFIN at Rs.30/=
DIST at Rs.3.75/=
Today as at 1 July 2011..just after ten years
JKH over Rs.250
CFIN over Rs 1300
DIST nearly Rs.180
Imagine how many splits, bonus, rights would have been offered during the last nine years from these three stocks alone..
Backword: If I used my pocket money in 2001 to buy shares...I will be *******
Guys in 1990 to 1992 there was an IPO boom in the country
Back again in after nearly 2 decades we are in the same phase...
IPO boom again
So think about the Next twenty Years where will you be!!!!!
http://sundaytimes.lk/010506/bus2.html
Coming down further and further
The benchmark indexes which started from historical lows of 416.4 & 629 at Friday's closing in the previous week came down further with a stagnant market also having an impact on the government issue of treasury bills worth 3.2 billion rupees. The All Share Price Index (ASPI) and the Milanka Price Index (MPI) recorded declines of 0.56 points and 2.33 points respectively up to Thursday.
The first week of the month, started with the Korea Ceylon Footwear Manufacturing Company Ltd. officially informing its share holders of the winding up of the affairs of the company due to lack of funds.
Without an infusion of fresh equity funds, the company is unable to meet its day-to-day expenses and pay its debts to sustain operations. Accordingly, the company has decided to initiate steps to wind up the affairs of the company by petitioning the District Court of Colombo for a final decision. Market analysts said the market downturn was due to investors expectation of interest rates coming down, which would further affect the cost of funds. Investors are also expecting the the IMF standby credit to provide a boost to the market.
Sri Lankan tea exports for the first quarter of 2001 rose by 6.5% compared with the same period in 2000. This is a good omen, showing a recovery in the plantation sector. According to brokers, high grown teas will be a good investment on a long-term basis.
With the government imposing restrictions on the import of genetically modified food under Food Act no. 26 of 1980, a boost is expected in the food & beverages sector. This upswing will be on a long-term basis. According the market analysts, the share prices of companies involved in the food & beverage sector may have an effect from this issue. Among the large transactions which took place were 60,000 shares of Central Finance Company Ltd. trading at Rs. 30/-, 11,000 shares of Distilleries Company of Sri Lanka Ltd. at Rs. 3/75, 10,000 shares of Colombo Dockyards Ltd. trading at Rs 9/25 and 123,5000 shares of John Keells Holdings Ltd. at Rs. 33/-. A lethargic market was seen throughout the week, which closed at 415.84 & 626.67.
That was 6 May 2001... Many in this forum would have been learning at school that time...
JKH at Rs.33/=
CFIN at Rs.30/=
DIST at Rs.3.75/=
Today as at 1 July 2011..just after ten years
JKH over Rs.250
CFIN over Rs 1300
DIST nearly Rs.180
Imagine how many splits, bonus, rights would have been offered during the last nine years from these three stocks alone..
Backword: If I used my pocket money in 2001 to buy shares...I will be *******
Guys in 1990 to 1992 there was an IPO boom in the country
Back again in after nearly 2 decades we are in the same phase...
IPO boom again
So think about the Next twenty Years where will you be!!!!!
http://sundaytimes.lk/010506/bus2.html
Coming down further and further
The benchmark indexes which started from historical lows of 416.4 & 629 at Friday's closing in the previous week came down further with a stagnant market also having an impact on the government issue of treasury bills worth 3.2 billion rupees. The All Share Price Index (ASPI) and the Milanka Price Index (MPI) recorded declines of 0.56 points and 2.33 points respectively up to Thursday.
The first week of the month, started with the Korea Ceylon Footwear Manufacturing Company Ltd. officially informing its share holders of the winding up of the affairs of the company due to lack of funds.
Without an infusion of fresh equity funds, the company is unable to meet its day-to-day expenses and pay its debts to sustain operations. Accordingly, the company has decided to initiate steps to wind up the affairs of the company by petitioning the District Court of Colombo for a final decision. Market analysts said the market downturn was due to investors expectation of interest rates coming down, which would further affect the cost of funds. Investors are also expecting the the IMF standby credit to provide a boost to the market.
Sri Lankan tea exports for the first quarter of 2001 rose by 6.5% compared with the same period in 2000. This is a good omen, showing a recovery in the plantation sector. According to brokers, high grown teas will be a good investment on a long-term basis.
With the government imposing restrictions on the import of genetically modified food under Food Act no. 26 of 1980, a boost is expected in the food & beverages sector. This upswing will be on a long-term basis. According the market analysts, the share prices of companies involved in the food & beverage sector may have an effect from this issue. Among the large transactions which took place were 60,000 shares of Central Finance Company Ltd. trading at Rs. 30/-, 11,000 shares of Distilleries Company of Sri Lanka Ltd. at Rs. 3/75, 10,000 shares of Colombo Dockyards Ltd. trading at Rs 9/25 and 123,5000 shares of John Keells Holdings Ltd. at Rs. 33/-. A lethargic market was seen throughout the week, which closed at 415.84 & 626.67.
