What are the companies/groups which bought other stocks when they were at the top of the bull run

What are the companies/groups which bought other stocks when they were at the top of the bull run?

Ceylon Investments PLC, LOLC

EPF
Retailers ( so called traders)

AAIC bought few on the peak

ccsentha wrote:AAIC bought few on the peak

They bought LWL avg. 146/- and sold it back to CERA at 112/- end of last year.

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

if my memory is correct,
LGL brought GRAN @ 210
Kalpitiya Beach resort(CITK) brought CLND @ 40

SLIC brought - TESS @ 4-5
BLUE @ 6

EPF brought - GRAN @ 250
LGL @ 48
RICH @ 14
BRWN @ 360
SPEN @ 200 and again 140 range

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

dayasiri wrote:if my memory is correct,
LGL brought GRAN @ 210
Kalpitiya Beach resort(CITK) brought CLND @ 40

SLIC brought - TESS @ 4-5
BLUE @ 6

EPF brought - GRAN @ 250
LGL @ 48
RICH @ 14
BRWN @ 360
SPEN @ 200 and again 140 range

thanks

hariesha wrote:

ccsentha wrote:AAIC bought few on the peak

They bought LWL avg. 146/- and sold it back to CERA at 112/- end of last year.

thanks

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

EPF is our public money and it is wrongly used by cabral and crew.. SLIC is also public fund and it is wrongly used by SLIC fund managers..

econ wrote:

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

EPF is our public money and it is wrongly used by cabral and crew.. SLIC is also public fund and it is wrongly used by SLIC fund managers..

When the government want money they sell the EPF stocks like JKH. They are not in a long term plan and wrongly used for personnel gains and playing with the public money..

manula wrote:

econ wrote:

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

EPF is our public money and it is wrongly used by cabral and crew.. SLIC is also public fund and it is wrongly used by SLIC fund managers..

When the government want money they sell the EPF stocks like JKH. They are not in a long term plan and wrongly used for personnel gains and playing with the public money..

Didn't they sell JKH with profit?

ccsentha wrote:

manula wrote:

econ wrote:

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

EPF is our public money and it is wrongly used by cabral and crew.. SLIC is also public fund and it is wrongly used by SLIC fund managers..

When the government want money they sell the EPF stocks like JKH. They are not in a long term plan and wrongly used for personnel gains and playing with the public money..

Didn't they sell JKH with profit?

Selling in profit does not hide the govt hidden agenda.
As Manula said the move purely a political gilmart.
Curse of Asia Miracle.
Please see following links, give more ideas on their profit.
http://forum.srilankaequity.com/t16924-epf-s-deal-in-spence

http://forum.srilankaequity.com/t16867-catalystic-factor-revealed.

dayasiri wrote:if my memory is correct,
LGL brought GRAN @ 210
Kalpitiya Beach resort(CITK) brought CLND @ 40

SLIC brought - TESS @ 4-5
BLUE @ 6

EPF brought - GRAN @ 250
LGL @ 48
RICH @ 14
BRWN @ 360
SPEN @ 200 and again 140 range

To my knowledge, maximum price paid by EPF for GRAN is 226/-, and their avg. cost now have to be bellow 170/-, CITK average price of CLND I think bellow 32/-.

ccsentha wrote:
EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

In 100 years, none of the current companies will exist. If the shareholders are lucky some would get merged into new companies.

If 100 years, why did the EPF went on selling everything in the last few weeks to foreigners at current prices with a profits of few millions?

aj wrote:

ccsentha wrote:
EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

In 100 years, none of the current companies will exist. If the shareholders are lucky some would get merged into new companies.

If 100 years, why did the EPF went on selling everything in the last few weeks to foreigners at current prices with a profits of few millions?

Certain extend we need to agree with aj's point.
Please read the following link, will expose what happened to most of the USA well known companies in 19th century.
http://forum.srilankaequity.com/t15560-if-the-stock-market-is-a-zero-sum-game-what-are-the-implications?highlight=zero+game
(I'm not expecting that will be the entire case in CSE - but certain extend we can expect)

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

But it does not justify the absurb ways of buying at peak levels.No one even with a little bit of brain would do such things.I think they have done it to give an oppurtunity to some big friendly players to exit with huge profits.

May be EPF Fund managers Motto"Buy high and Sell higher".
Failed due to bear market trend?

BIL invested in Dial At Rs 11.50.
DIST invest JKH at Rs 220.
LOLC is almost trapped in recent investment (*through listed and privately owned ,Private placements )
and there are so many other companies.
But SLIC has got very good investments.This may be the most valuable investment vehicle in Sri Lanka.

rijayasooriya wrote:

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

But it does not justify the absurb ways of buying at peak levels.No one even with a little bit of brain would do such things.I think they have done it to give an oppurtunity to some big friendly players to exit with huge profits.

They have simply bought to put some cash into CSE. When total market Cap increases, there needs to be new investors (local) and foreign funds need to come in to keep the market without falling. But there weren't much money coming in from local new investors and there weren't huge foreign funds coming into CSE. so EPF & SLIC needed to pump in money into CSE to stop the market from having a huge fall. Other wise all of would have only 1/4th of our portfolio by now.

Just deduct the investments made by EPF and SLIC and see.

Government funds were not interested in maximizing their profit like us. If they come up with decent profit it would be fine for them. As they are very very long term investors they would manage to come up with decent profits even though if they buy at high prices.

Keeping the market from having a huge fall would give the government intangible benefit. so that's the reason government funds would have bought for high.

These are my thoughts only.....................

They should have taken measures to stop the market from booming within a very short period. That should have given stability to the market on long term. Once it boomed to very very high levels within a very short period, market was bound to come down. Traders buying on credit made the situation worse.

ccsentha wrote:

rijayasooriya wrote:

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

But it does not justify the absurb ways of buying at peak levels.No one even with a little bit of brain would do such things.I think they have done it to give an oppurtunity to some big friendly players to exit with huge profits.

They have simply bought to put some cash into CSE. When total market Cap increases, there needs to be new investors (local) and foreign funds need to come in to keep the market without falling. But there weren't much money coming in from local new investors and there weren't huge foreign funds coming into CSE. so EPF & SLIC needed to pump in money into CSE to stop the market from having a huge fall. Other wise all of would have only 1/4th of our portfolio by now.

Just deduct the investments made by EPF and SLIC and see.

Government funds were not interested in maximizing their profit like us. If they come up with decent profit it would be fine for them. As they are very very long term investors they would manage to come up with decent profits even though if they buy at high prices.

Keeping the market from having a huge fall would give the government intangible benefit. so that's the reason government funds would have bought for high.

These are my thoughts only.....................

yes..ccsentha... your thoughts are correct... but only thing to avoid the market falling down is it correct the government invest our people money in crap shares... with out any justification...

ccsentha wrote:

rijayasooriya wrote:

ccsentha wrote:

mark wrote:

UKboy wrote:EPF
Retailers ( so called traders)

ya.......EPF the biggest looser,bought GRAN at 240,bought LGL over 40,SPEN at over 200 and many more..

btw retailers are better than EPF

EPF will not need to sell their stocks for another 100 years or more, they are onto a very long term plan. so these price drops will not matter when you are onto a very very long term plan.

But it does not justify the absurb ways of buying at peak levels.No one even with a little bit of brain would do such things.I think they have done it to give an oppurtunity to some big friendly players to exit with huge profits.

They have simply bought to put some cash into CSE. When total market Cap increases, there needs to be new investors (local) and foreign funds need to come in to keep the market without falling. But there weren't much money coming in from local new investors and there weren't huge foreign funds coming into CSE. so EPF & SLIC needed to pump in money into CSE to stop the market from having a huge fall. Other wise all of would have only 1/4th of our portfolio by now.

Just deduct the investments made by EPF and SLIC and see.

Government funds were not interested in maximizing their profit like us. If they come up with decent profit it would be fine for them. As they are very very long term investors they would manage to come up with decent profits even though if they buy at high prices.

Keeping the market from having a huge fall would give the government intangible benefit. so that's the reason government funds would have bought for high.

These are my thoughts only.....................

I do not think it still justifies their action of buying at absurb peak levels.When the market is over-valued it needs a correction.It can not go on like that.Putting money in to such a market to prevent or delay the fall is a big joke.Especially when it is public money.This is the collection of money from government workers(deduction from their salaries).So if they invest it, it has to be in favour of those government workers....not to keep 'ADA OR MUKKU' to already over-valued market.Did it prevent the fall ? Of course not.Has it prevent the amount fallen ? I do not think so.

The only justification they can give is, It is for long term investment.But again it is absurb isn't it ? If they invest now as a long term investment in under-valued counters then it is agreeable.But doing long term investments in over-valued market, especially in absurbly over-valued counters is another big joke.

ccsentha wrote:
They have simply bought to put some cash into CSE. When total market Cap increases, there needs to be new investors (local) and foreign funds need to come in to keep the market without falling. But there weren't much money coming in from local new investors and there weren't huge foreign funds coming into CSE. so EPF & SLIC needed to pump in money into CSE to stop the market from having a huge fall. Other wise all of would have only 1/4th of our portfolio by now.

Just deduct the investments made by EPF and SLIC and see.

Government funds were not interested in maximizing their profit like us. If they come up with decent profit it would be fine for them. As they are very very long term investors they would manage to come up with decent profits even though if they buy at high prices.

Keeping the market from having a huge fall would give the government intangible benefit. so that's the reason government funds would have bought for high.

These are my thoughts only.....................

I thought EPF was a fund working for the best interests of the investors. That's how funds usually works unless it's a pyramid scheme. So are you saying EPF has other objectives and people to serve? This money is not for government to use when they want for whatever they need it for. This is a "pension fund".