seek wrote:http://cse.lk/cmt/upload_report_file/698_1384509503.pdf
Moderate or below expectations. Had an idea for a re-entry, but not in the near future as per results.
Nov 18, 2013 (LBO) - Sri Lanka's Treasuries yields plunged across maturities for the second week in a row, with the 12-month rate falling 62 basis points to 8.53 percent, data from the state debt office showed.
The 6-month yield fell 29 basis points to 8.19 percent. The 3-month yield fell 12 basis points to 7.73 percent.
In the secondary market also one year bill traded around 8.60 percent dealers said.
Sri Lanka's credit growth is weak and the finances of state enterprises, a key user of unproductive credit has also declined.
In money markets excess liquidity fell 42 billion rupees to 13.6 billion Tuesday, indicating a foreign debt repayment.
The Central Bank has been intervening heavily in forex markets not allowing the rupee to appreciate in recent weeks.
Corrected 3-month rate down 63bp
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Re CFVF - Order Book getting activated again. So far, it has been a good year for CFVF although not yet reflected in six months interim results. If you compare with One Year Debenture interest of 12-15 %, i think you could make that return in a very much lesser time (maybe in 2 months) with CFVF (at current price).
ex Rs 2/- dividend, it corrected to Rs 14.50 from Rs 19.00 and today done at Rs 17.00
@ seek, dont play hide & seek much longer !