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End less listings - good or bad ??

3 posters

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1End less listings - good or bad ?? Empty End less listings - good or bad ?? Sat Jul 09, 2011 8:42 am

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics

Except very few, all RFCs are listed as per the Central Bank direction by 30th June 2011.

I guess Central Bank will soon ask all Licenced Commercial Banks (LCB) and Licenced Specialized Banks (LSB) to go public.

LCB - Bank of Ceylon, Peoples' Bank, DFCC Vardhana Bank (or will mearge with DFCC)

LSB - Rigional Development Banks (RDB), SMIB (State Mortgage Bank), Lankaputhra Development Bank

Also Insureance Board of Sri Lanka (IBSL) may ask all insurance firms, at least those who are in LIFE (Long term) category to be listed (after restrcuturing industry under recent directions to segrigate Life & general).

Insurance (Life) - Sri Lanka Insurance, Allianz Life, Coorporative Insurance, LOLC insurance, Life insurance (lanka), MBSL Insurance, SANASA Rakshana

And no surprise, if SEC ask all fund management comapnies (Unit Trust management companies) also to go listing.

Unit Trust Management Co - NAMAL, Unit Trust Mgt Co (CeyBank), Commercial Fund Mgt Co (comtrust), Eagle NDB/Aviva NDB Fund mgt Co, Ceylon Asst Mgt Co.


CBSL, IBSL and SEC will justify their possitions, as all those firms operates with funds collected from the general public and need high level of transparance/publiclly available information.

And SEC has already decided to allow foreign firms to list CSE subject to conditions. Specially Maldiven firms will take advantage http://forum.srilankaequity.com/t6426-sri-lanka-listings-eyed-by-foreign-firms-official#43231

............... end less listings -- It's GOOD as well as bad !!



Last edited by MoneyLover on Sat Jul 09, 2011 9:09 am; edited 1 time in total (Reason for editing : add more content)

2End less listings - good or bad ?? Empty Re: End less listings - good or bad ?? Sat Jul 09, 2011 9:51 am

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Listing in stock exchange will increase the transparency of a company..... but this listing need to be done in systematic manner. with these listing our market will expand but regulators have to think about ways and means to find funds to these companies.

3-4 IPOs per month with lot of right issues and private placement cannot be justified.

3End less listings - good or bad ?? Empty Re: End less listings - good or bad ?? Sat Jul 09, 2011 5:29 pm

thambi

thambi
Manager - Equity Analytics
Manager - Equity Analytics

sec needs to limit the number of IPO's in the market per time frame
1 month 2 IPO's allowed seems more than enough and the overall market wont get distorted

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