- Catalystic Factor Revealed .. ! -

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

Thanks for the information.. Is this the real values... because in notes mention if EPF brought at maximum price..so on... Is this transaction completed on SLRs or on US$..

Raja@ i am not saying they sell with the loss.. i have mentioned that we have to find out weather they sell in loss or not.. because brought on 300Rs and sold on 194Rs..

Some are putting blame on EPF when they invest money in Equity market , the same people blame when they sell it.
Some people say Foreigners/Foreign funds are not investing CSE , the same people say it is bad ,when locals are selling to foreigners.

Puzzled......

manula wrote:Thanks for the information.. Is this the real values... because in notes mention if EPF brought at maximum price..so on... Is this transaction completed on SLRs or on US$..

Raja@ i am not saying they sell with the loss.. i have mentioned that we have to find out weather they sell in loss or not.. because brought on 300Rs and sold on 194Rs..

Please note there were two splits happened in 2010 and 2011.

manula wrote:Thanks for the information.. Is this the real values... because in notes mention if EPF brought at maximum price..so on... Is this transaction completed on SLRs or on US$..

Raja@ i am not saying they sell with the loss.. i have mentioned that we have to find out weather they sell in loss or not.. because brought on 300Rs and sold on 194Rs..

I think they bought this below 10 in big quantities.

manula wrote:Thanks for the information.. Is this the real values... because in notes mention if EPF brought at maximum price..so on... Is this transaction completed on SLRs or on US$..

Raja@ i am not saying they sell with the loss.. i have mentioned that we have to find out weather they sell in loss or not.. because brought on 300Rs and sold on 194Rs..

Extremly sory manula, May be I have mistaken. Anyway according to sriranga's post above EPF has made a marginal profit. Considering the present market condition we can say they have sold the shares at a good price ensuring a reasonable profit.

EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

The Employees Provident Fund has booked a capital gain of around Rs.800 million by selling off its 8.85% stake in John Keells Holdings to Malaysia’s Khazanah Nasional Bhd, for Rs.14.5 billion paying Rs.194 per share in the second biggest deal ever done on the Colombo Stock Exchange.

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."

The Governor said that the buyer which is the Malaysian Government’s investment arm has financial muscle similar to that of Singapore’s Temasek Holdings and was almost a replica of Temasek. Khazanah is chaired by Malaysia’s Prime Minister.

"The entry into JKH offers Khazanah and its group of companies opportunities to participate across a wide range of businesses where the JKH group is involved in. At the same time, it allows Khazanah to participate in Sri Lanka’s positive growth story, and is in line with our strategy of investing in the region," Khazanah managing director, Tan Sri Azman Mokhtar said in a statement on Friday.

Malaysia’s CIMB group with which John Keells Stockbrokers recently tied up is 32% owned by Khazanah. CIMB and Bank of America Merrill Lynch were joint advisors to Khazanah on Friday’s deal which was second in size only to the acquisition of a major slice of Sri Lanka Telecom by Malaysia’s Maxis group.

The Business Times in Kuala Lumpur yesterday reported the deal saying that Sri Lanka is currently experiencing a strong economic revival as evidenced by recent economic growth of about 8% a year.

Cabraal said that Khazanah buying into JKH was a vote of confidence on Sri Lanka internationally and would send a very good signal to other global investors. Business leaders concurred with this view.

Foreign interest in Sri Lanka’s stock market was lacking last year, analysts noted. However, the picture has changed this year with several interested investors looking at possibilities.

Khazanah’s Azman said that Sri Lanka has been a ``positive experience" to companies in which the Malaysian Fund has invested. He noted that Dialog Axiata group in which Khazanah held a stake was the largest mobile telephony player here. The CIMB group has an investment banking joint venture in Sri Lanka.

Earlier this month, CIMB entered into a strategic collaboration with JKH’s stock broking unit, John Keells Stockbrokers (Pvt) Ltd.. to promote and facilitate trading on the Colombo Stock Exchange (CSE) and provide co-branded research for JKSB clients.

The Business Times (of Malaysia) said that Khazanah’s entry into JKH was through its special purpose vehicle Global Hill Investments Limited.

The deal has been under discussion for about six months and has been concluded at a price considerably higher than the Rs.160 level at which JKH was traded earlier this year. Many investors sensing that the EPF may book a capital gain on its JKH stake bought into the company expecting an upward movement in the JKH share price.

Mr. Sohli Captain remains the top shareholder of JKH with 13.7% with Paints and General Industry controlled by him holding 3.9% and other connected parties hold up to another 3.2% according to JKH’s interim report covering the nine months ended December 31.

Khazanah will now become the third biggest shareholder of the blue chip conglomerate behind Captain and Janus Overseas Fund which owns 10.3%. Janus Aspen Overseas Portfolio Fund connected to Janus Overseas Fund owns 2.3%.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

soileconomy wrote:Some are putting blame on EPF when they invest money in Equity market , the same people blame when they sell it.
Some people say Foreigners/Foreign funds are not investing CSE , the same people say it is bad ,when locals are selling to foreigners.

Puzzled......

Even I can't understand the ideology of some of the members in this forum. Every time they see the dark side, only. I followed one of the member’s previous posts, talking about continuous foreign outflows and blaming the authorities. When the trend reverses, they can't accept it. Jealousy? Hypocrisy? I don't know what it is.

Either they are here on various political agendas. Or they are just spectators. Or they couldn’t buy on time and now want market to come down. Or already totally burned out. Etc.

We should have different views and opinions in a forum. But don’t be always negative. It will not give any return to you or the others. Identify the positives and negatives and act accordingly. Look at realities and try to earn some thing.

well said hariesha.

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

slstock wrote:

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Yes you are correct,but we need to wait for somedays to come up with the final figure.

Kumar wrote:EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Redbulls wrote:

slstock wrote:

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Yes you are correct,but we need to wait for somedays to come up with the final figure.

Kumar wrote:EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Simple way to look at it in this way....

Average Investment cost ==========> LKR10bn
Average investment Period =========> 2 years
Gain as per Mr.Cabraal ============> LKR800mn

Return on investment =============> 800mn/10bn

That means 8% return for two years & that brings 4% return per annum.

Wouldn't be better if EPF had invested in Teasury bonds/bills?

greedy wrote:

Redbulls wrote:

slstock wrote:

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Yes you are correct,but we need to wait for somedays to come up with the final figure.

Kumar wrote:EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Simple way to look at it in this way....

Average Investment cost ==========> LKR10bn
Average investment Period =========> 2 years
Gain as per Mr.Cabraal ============> LKR800mn

Return on investment =============> 800mn/10bn

That means 8% return for two years & that brings 4% return per annum.

Wouldn't be better if EPF had invested in Teasury bonds/bills?

I'm not defending their strategy.
Just I showed they got monetary value gain.
Again how many of us (even in the forum so many mentioned their loss 20-50% in year 2011) beat the treasury bond or bill interest rate in 2011 by investing in CSE? Very few.
Plus they collected some dividends during that period also.
EPF Investment strategy -related to CSE was very poor .(Please see another thread in Expert Section)
At least we need to satisfy ourself they made some monetary profit.

ha ha!
Typical Sri Lankan example for mismanagement!

Good one Greedy!

sriranga wrote:

greedy wrote:

Redbulls wrote:

slstock wrote:

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Yes you are correct,but we need to wait for somedays to come up with the final figure.

Kumar wrote:EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Simple way to look at it in this way....

Average Investment cost ==========> LKR10bn
Average investment Period =========> 2 years
Gain as per Mr.Cabraal ============> LKR800mn

Return on investment =============> 800mn/10bn

That means 8% return for two years & that brings 4% return per annum.

Wouldn't be better if EPF had invested in Teasury bonds/bills?

I'm not defending their strategy.
Just I showed the got monetary value gain.
Again how many of us (even in the forum so many mentioned their loss 20-50% in year 2011) beat the treasury bond or bill interest rate in 2011 by investing in CSE? Very few.
Plus they collected some dividends during that period also.
EPF Investment strategy -related to CSE was very poor .(Please see another thread in Expert Section)
At least we need to satisfy ourself they made some monetary profit.

In Sri Lanka post mortem of anything is possible.
If someone gain we brand them unethical, if some one loss we start to say "we told no?".
Most of us are searching for dark side to show that they are pundits.

Redbulls wrote:

sriranga wrote:

greedy wrote:

Redbulls wrote:

slstock wrote:

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Yes you are correct,but we need to wait for somedays to come up with the final figure.

Kumar wrote:EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Simple way to look at it in this way....

Average Investment cost ==========> LKR10bn
Average investment Period =========> 2 years
Gain as per Mr.Cabraal ============> LKR800mn

Return on investment =============> 800mn/10bn

That means 8% return for two years & that brings 4% return per annum.

Wouldn't be better if EPF had invested in Teasury bonds/bills?

I'm not defending their strategy.
Just I showed the got monetary value gain.
Again how many of us (even in the forum so many mentioned their loss 20-50% in year 2011) beat the treasury bond or bill interest rate in 2011 by investing in CSE? Very few.
Plus they collected some dividends during that period also.
EPF Investment strategy -related to CSE was very poor .(Please see another thread in Expert Section)
At least we need to satisfy ourself they made some monetary profit.

In Sri Lanka post mortem of anything is possible.
If someone gain we brand them unethical, if some one loss we start to say "we told no?".
Most of us are searching for dark side to show that they are pundits.

EPF's strategy in investing Treasury bills/ Equity shares could be right or wrong. The sale of JKH comes now because to mitigate the issues of CBSL's mismanagement of Currency. That is what I believe.

The gain mainly comes from the EPF's holdings prior to June 2009. If you look at EPF had 6mn (before the share splits after share splits it may have become more than 8mn shares) shares in 30/06/2009. Must have been bought at very low prices may be LKR70 or LKR80. That means the gains from these shares itself well above LKR800mn

Redbulls wrote:

sriranga wrote:

greedy wrote:

Redbulls wrote:

slstock wrote:

sriranga wrote:

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

manula wrote:

Chanuque wrote:AJ .. Your version is politically biased my dear friend. The reason why CB has sold its reserve in USD purely to avoid unnecessary loss as INR | CNY and BRIC currencies are emerging much more solidly than USD | JPY and EUR. Then CB has chosen Gold as a good commodity to buy. The EPF has no reason or need to be emotional on JKH stake that they were holding. As a country, why do we have to borrow from elsewhere as we can use these funds to invest back on its owners' goodwill .. ! ( The era is changing hands from the West to the East as the Sleeping Dragon | CN and Gentle Giant | IN along with the Lankan Lion | LK are heading up for more brighter days .. )

Seems to be EPF brought JKH shares in 2010/2011 in the peak period..and now selling with the loss.. so to cover the debts sold the funds with loss...????

Who says that? According to EPF statement they have made a good capital gain from this transaction.

As of the market status on these days it is a good move .. JKH was 160 and move to 194 ..due to the rumor.. but mainly we have to see the price EPF brought on 2010/2011...This is not our money or your money the all working people money... not to waste when government want to cover their debit...

OK. your words indicate that you think they have sold at a loss. But how do you say so? They sold at 194/-and one month ago JKH shares were trading at 160/- level. What a good deal for EPF.

If you see the below table EPF gained minimum 1 billion on this transaction.

An article say it couldbe around 800 Million profit for EPF

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Yes you are correct,but we need to wait for somedays to come up with the final figure.

Kumar wrote:EPF books Rs. 800 mn. capital gain selling JKH stake
March 17, 2012, 5:22 pm

"I haven’t got the final figures yet but it’s around Rs. 800 million." Central Bank Governor Ajit Nivard Cabraal said yesterday. "The EPF held the shares for about four years with the bigger quantities held for around two years. In addition to the capital gain, the fund enjoyed dividends and made trading profits on the share."http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=47688

Simple way to look at it in this way....

Average Investment cost ==========> LKR10bn
Average investment Period =========> 2 years
Gain as per Mr.Cabraal ============> LKR800mn

Return on investment =============> 800mn/10bn

That means 8% return for two years & that brings 4% return per annum.

Wouldn't be better if EPF had invested in Teasury bonds/bills?

I'm not defending their strategy.
Just I showed the got monetary value gain.
Again how many of us (even in the forum so many mentioned their loss 20-50% in year 2011) beat the treasury bond or bill interest rate in 2011 by investing in CSE? Very few.
Plus they collected some dividends during that period also.
EPF Investment strategy -related to CSE was very poor .(Please see another thread in Expert Section)
At least we need to satisfy ourself they made some monetary profit.

In Sri Lanka post mortem of anything is possible.
If someone gain we brand them unethical, if some one loss we start to say "we told no?".
Most of us are searching for dark side to show that they are pundits.

I don't think...no one want to become pundits.. This is only a discussion forum to get a knowledge and final decision of buying/selling has to take by himself only. If he brought/sell in correct time he will be a winner. So better to have positive and negative ideas to get the correct picture of the market.