Who will be the 1st broker hut to be closed?

UKboy · 1 Who will be the 1st broker hut to be closed? Tue May 29, 2012 4:14 pm

UKboy

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Hi Guys
Anyone can guess who will be the 1st broker hut to be closed? Rolling Eyes

Many of these advisors irresponsible behaviour lead to wiped off some retailers from the market.
Under the current climate I guess at least some of these huts are struggling.
Hope & pray my wishful thinking will be true soon...!!

Redbulls · 2 Re: Who will be the 1st broker hut to be closed? Tue May 29, 2012 4:34 pm

Redbulls

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I hope also.

Malika1990 · 3 Re: Who will be the 1st broker hut to be closed? Tue May 29, 2012 5:04 pm

Malika1990

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Yep bro we will see what's happen future Very Happy

Last edited by Malika1990 on Tue May 29, 2012 8:25 pm; edited 1 time in total

wiki · 4 Re: Who will be the 1st broker hut to be closed? Tue May 29, 2012 8:25 pm

wiki

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May be some CSE branches will be closed first.. then some branches of broker firms will follow because these firms established in CSE branch building with concessionary rate

stumpy · 5 Re: Who will be the 1st broker hut to be closed? Tue May 29, 2012 8:29 pm

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Arrenga, NWS, CSB are struggling a lot AFAIK!

econ · 6 Re: Who will be the 1st broker hut to be closed? Tue May 29, 2012 9:19 pm

econ

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I think first it may be assetline..

UKboy · 7 Re: Who will be the 1st broker hut to be closed? Wed May 30, 2012 12:18 am

UKboy

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Great news stumpy and econ..! Very Happy

Tiny market like CSE does not need this many brokers. It's just creating unwanted competition.
I'm counting days to hear the news & hope I dont need to count many days

sureshot · 8 Re: Who will be the 1st broker hut to be closed? Wed May 30, 2012 6:56 am

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i think many brokers will have to find new jobs soon......... Very Happy

Slstock · 9 Re: Who will be the 1st broker hut to be closed? Wed May 30, 2012 9:22 am

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Not sure who but the ones which played devils advocate and contributed to manipulations with certain HNWI and had least concerns for the small time retailers should receive the wrath of force of nature . I believe there is still a universal force that tends to look after the good and weed out the bad in the longer run. Else the world cannot exist. Short term the bad can get away but in the long term ?? Watcha gonna do when the ...... come for you? Bad boys bad boys?

aj · 10 Re: Who will be the 1st broker hut to be closed? Wed May 30, 2012 10:48 am

aj

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They wouldn't get close down. In the worst case the same people would come up with a new name, Tuk tuk trust or something.

UKboy · 11 Our Broker huts and their predictions.. Wed Jun 06, 2012 5:07 pm

UKboy

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They failed again.... Evil or Very Mad

Off Target 3 Comment(s)05 Jun, 2012 10:45:32
Sri Lanka key IPO stock profits sharply below analysts' forecastsJune 5, 2012 (LBO) -

Profits of two diversified business groups which went public during the tail end of a stock market bubble, have fallen far shown of analysts' forecasts made around the time of the initial public offer, emerging data shows.
Profits of Softlogic Holdings Plc, which has interests in healthcare and electronics retail, fell around 60 to 80 percent short of forecasts made around the time of its IPO.
Softlogic Holdings reported profits of 493 million rupees for the year to March 2012, and analyst forecasts ranged from 1.320 billion rupees by the broking house Lanka Securities to 2.5 billion rupees by Asia Wealth.

A forecast of 2.5 billion rupees is over 450 percent of the actual profits made.

Softlogic raised 4.0 billion rupees from shareholders.

Forecasts made for Expo Lanka group, which has a strong focus in logistics were 30 to 50 percent below forecast.
Expo Lanka reported profits of 1.05 billion rupees for the year to March and forecasts ranged from 1.5 billion rupees by Bartleet Mallory to 2.0 billion by John Keells Stock Brokers.

A forecast of 2.0 billion represents about 190 percent of the actual profits.

http://www.lankabusinessonline.com/fullstory.php?nid=165394349