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Sri Lanka Stock Market being manipulated with EPF monies – United National Party

+4
Rajaraam
schacha
shehan744
Sandstorm
8 posters

Go down  Message [Page 1 of 1]

Sandstorm

Sandstorm
Manager - Equity Analytics
Manager - Equity Analytics

Oct 26, 2011 (LBT) - Sri Lanka's main opposition United National Party (deleted) today said the Colombo Stock Exchange (CSE) was being manipulated with the hard earned savings of the working class in the Employees Provident Fund.

http://www.lankabusinesstoday.com/news/market/620-market-culprits



Last edited by Sandstorm on Wed Oct 26, 2011 5:30 pm; edited 1 time in total

shehan744


Equity Analytic
Equity Analytic

Share's EPF bought are @ huge losses now,lets hope at least this sort of manipulation will happen

schacha


Manager - Equity Analytics
Manager - Equity Analytics

Seems deleted also behind the screen...!

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

Dear friends, EPF is a Fund and their money should be invested somewhere safely. According to the CB Boss only about 7% of EPF money has invested in stock market. We know about few purchases of shares concluded recently in GRAN, LGL and few others .(Prices of these counters have fallen). How much they have earned from other shares? We do not know. Even in our PF we can see more red and little green. That is applied to EPF or any other HNWIs too these days. Other point is not like you and me they want to buy big quantities. Therefore EPF or similar investor will have to negotiate with a large scale shareholder and sometimes they will have to buy at a higher price than the market price. I dont think this is a big issue.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Their time frame is too long too, so at such a big stress, those shares will reach their early prices eventually and can have sub divs too Wink

We may not like the PLC IPO but EPF will subscribe to it as well and if price goes down it will be a fiasco.. Then again by 2-3 years time the company may do well with the expected development in SL so ultimately EPF will have no problems..

But if they have good analyzers its not rocket science to understand the direction of the market is not stable, so rather than going for foolish investments at higher prices, they can wait and invest at a near bottom and earn massive amount at the end..

Its our hard earned money after all in a pool...

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sandstorm wrote:Oct 26, 2011 (LBT) - Sri Lanka's main opposition United National Party (deleted) today said the Colombo Stock Exchange (CSE) was being manipulated with the hard earned savings of the working class in the Employees Provident Fund.

http://www.lankabusinesstoday.com/news/market/620-market-culprits
What a ridiculous idea ? Always trying to say the most unacceptable idea. That is why this party is/will be at the bottom of the pit without any sign of recovary.

WildBear


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

smallville wrote:Their time frame is too long too, so at such a big stress, those shares will reach their early prices eventually and can have sub divs too Wink

We may not like the PLC IPO but EPF will subscribe to it as well and if price goes down it will be a fiasco.. Then again by 2-3 years time the company may do well with the expected development in SL so ultimately EPF will have no problems..

But if they have good analyzers its not rocket science to understand the direction of the market is not stable, so rather than going for foolish investments at higher prices, they can wait and invest at a near bottom and earn massive amount at the end..

Its our hard earned money after all in a pool...

If we analyze the hidden scenario, The fund managers know when stock reaches the bottom and they and their related party buy these stock from market to their family members or related parties CDS account and when the EPF fund enters the seen they become the sellers earning quick and higher profits,finally EPF fund being the Pig get slaughtered, however they are justified their selves by saying "this is long term play" etc etc.

I think, As an Economist Dr.Harsha de Silve correctly pointed out this foul play.

rubber.trader


Equity Analytic
Equity Analytic

Rajaraam wrote:Dear friends, EPF is a Fund and their money should be invested somewhere safely. According to the CB Boss only about 7% of EPF money has invested in stock market. We know about few purchases of shares concluded recently in GRAN, LGL and few others .(Prices of these counters have fallen). How much they have earned from other shares? We do not know. Even in our PF we can see more red and little green. That is applied to EPF or any other HNWIs too these days. Other point is not like you and me they want to buy big quantities. Therefore EPF or similar investor will have to negotiate with a large scale shareholder and sometimes they will have to buy at a higher price than the market price. I dont think this is a big issue.


you seem to have changed your tune over the EPF investments
http://forum.srilankaequity.com/t14945-epf-funds-going-to-add-to-the-market-on-18-th-of-wednesday#97041

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