Technical Analytics & Charts (1)

http://www.ceylontoday.lk/51-26501-news-detail-plantation-workers-demand-50-salary-increase.html


Plantation workers demand 50% salary increase

By W. Siri Ananda


Over 250,000 plantation workers attached to 21 management companies are demanding at least a 50% salary increase by the end of this month through the new Collective Agreement.


The existing Collective Agreement signed by the Employers’ Federation and the plantations trade union for a two year period ends at the end of this month. A new Collective Agreement is expected to be signed in April.


According to a leading plantation sector trade unionist, when salary increases are being worked out, the high cost of living, the high prices of essential food items and the kerosene and oil price hikes should be taken into consideration. Although the public and private sector employees have benefited through some relief measures granted by the authorities, plantation workers have had no benefits during the last few years, he said, adding that plantation sector workers receive a monthly salary of less than Rs 11,000 whilst public and private sector employees receive a monthly salary of over Rs 15,000.


A spokesman for the Employers Federation said a preliminary meeting on the Collective Agreement and related matters will be held on Monday (11) at their headquarters in Colombo.

traderathome wrote:http://www.ceylontoday.lk/51-26501-news-detail-plantation-workers-demand-50-salary-increase.html


Plantation workers demand 50% salary increase

By W. Siri Ananda


Over 250,000 plantation workers attached to 21 management companies are demanding at least a 50% salary increase by the end of this month through the new Collective Agreement.


The existing Collective Agreement signed by the Employers’ Federation and the plantations trade union for a two year period ends at the end of this month. A new Collective Agreement is expected to be signed in April.


According to a leading plantation sector trade unionist, when salary increases are being worked out, the high cost of living, the high prices of essential food items and the kerosene and oil price hikes should be taken into consideration. Although the public and private sector employees have benefited through some relief measures granted by the authorities, plantation workers have had no benefits during the last few years, he said, adding that plantation sector workers receive a monthly salary of less than Rs 11,000 whilst public and private sector employees receive a monthly salary of over Rs 15,000.


A spokesman for the Employers Federation said a preliminary meeting on the Collective Agreement and related matters will be held on Monday (11) at their headquarters in Colombo.

You loaded some plantation stocks knw?

Yes lets see how this will react in monday......

My take on this would have been already discounted as this increase was known before hand.....

But if a big shark wants to collect very low then some artificial sellers may creat some volatility before an UP in may -June when dividends are declared

TAH

Always expect the unexpected....

Though I fully agree that living standards of plantation works need to be further raised, asking for 50% more within 2 yeasr after a huge increase is not reasonable.

Ofcourse they will be always more.But after negotiation the amount will be different.

traderathome wrote:http://www.ceylontoday.lk/51-26501-news-detail-plantation-workers-demand-50-salary-increase.html


Plantation workers demand 50% salary increase

By W. Siri Ananda


Over 250,000 plantation workers attached to 21 management companies are demanding at least a 50% salary increase by the end of this month through the new Collective Agreement.


The existing Collective Agreement signed by the Employers’ Federation and the plantations trade union for a two year period ends at the end of this month. A new Collective Agreement is expected to be signed in April.


According to a leading plantation sector trade unionist, when salary increases are being worked out, the high cost of living, the high prices of essential food items and the kerosene and oil price hikes should be taken into consideration. Although the public and private sector employees have benefited through some relief measures granted by the authorities, plantation workers have had no benefits during the last few years, he said, adding that plantation sector workers receive a monthly salary of less than Rs 11,000 whilst public and private sector employees receive a monthly salary of over Rs 15,000.


A spokesman for the Employers Federation said a preliminary meeting on the Collective Agreement and related matters will be held on Monday (11) at their headquarters in Colombo.

How can they compare to State workers salary scales .......are they well educated or just labourers .....

or they are comparing minor staff in govt institutions.

may be 10% to 20%..more ...where as some plantations are not able to absorb another hike....such as MADU

traderathome wrote:How can they compare to State workers salary scales .......are they well educated or just labourers .....

or they are comparing minor staff in govt institutions.

may be 10% to 20%..more ...where as some plantations are not able to absorb another hike....such as MADU

Here you should ask for more to get a little increase.Some taxi(three wheel) drivers are good at it.

Yes ask more and settle for less..... thats a common strategy these unionists adopt....

Then Both parties in Win Win Situ....know

I wish for the day people are matured enough to make
a) a reasonable request lalso ooking at the other parties side so they cannot reject
b) other party grant it looking at reasonably from the requesters side

I know this won;t happen, and negotiations to ask for the moon to end up atleast with a summit is the way.

Right now the game is for both parties to play hardball contunuing to waste time and money until things drag and drag to a level there is no option or everybody is exausted.

Isn;t the real issue here honesty and consciousness to be reasonable ?



I am not talking platation workers/managers here just general.

traderathome wrote:Yes ask more and settle for less..... thats a common strategy these unionists adopt....

Then Both parties in Win Win Situ....know

Here is chart ob SFSN...funadamentally one could consider its trading very high on PE....so they may stay away until 2Rs or so near

For Technical/chartists the set up is my personal .......trade one could like to comment if you wish.....

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By the chart accumalation can not be rulled out around 3-3.50 seeing the recent price action (PA)

TAH

Even in a rush to push it up i would not hold this share for more than 2 days.

Plenty of others in the sea.

traderathome wrote:Here is chart ob SFSN...funadamentally one could consider its trading very high on PE....so they may stay away until 2Rs or so near

For Technical/chartists the set up is my personal .......trade one could like to comment if you wish.....

[img][You must be registered and logged in to see this image.][/img]

Hard SL @ 3-2.80 with Tight SL @ 3.2 CMP 3.5-3.4

SFSN

lets see how this work out for me ....with Avg Holding 3.7-3.8

Technically This trade should work in my favour..... TP 4.6-4.8 secondary target 5.8.....

I think CTCE should hit around 380-390 and then a drop or reversal toward 330 if CSE looses steam on profit booking.....

i am not currently holding so just an observation looking at the PA.

the volatility or the pattern is some what confusing and not clear....

So better to stay away until market dynamics sort this us out for us....

TAH

CSD will it be Bearish GARTLEY or Bearish CRAB formation .....



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Here is a alternate Pattern ......This is the opposite of the chart i posted short while ago.

We can not ruled out in current market conditions, so should the price fail to break as SMALL highlighted in his post on CSD thread...A safe entry awaits you @ 7.50 for a nice REENTRY...

Presently i am holding CSD since sometime @ average cost of 9.10....

[img][You must be registered and logged in to see this image.][/img]

I am updating the ASPI chart if you want to look for future directions.

Fall below 5600 is not good for the BULL boys.

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Ahhh TAH back in familiar territory, keep it coming, we appreciate a lot....

5600 can be broken if panic sets in for some human right issue.

"if panic sets in" should be the operative word. But really it should not happen at these prices. if it does.. oh well need to find someway to be ready

traderathome wrote:I am updating the ASPI chart if you want to look for future directions.

Fall below 5600 is not good for the BULL boys.

[img][You must be registered and logged in to see this image.][/img]

My SFSN trade is hanging in balance.....CMP 3.2 with Soft SL being 3.2

HSL is at 2.8-3.0 can i survive thats the big question .....i mean do i have the nerve to hold on a bit more ....

No PAIN no GAIN....

There are some interesting HPP formations on the plantation stocks and CSD,PAP ....In all the formations the Final Leg is currently under way......

So lets see the coming weeks......

TAH

Since the completion of the retracement leg was not precise for the BUTTERFLY can we see a most accurate BEARISH GARTLEY @ 6276 towards the 6000 Levels

[img][You must be registered and logged in to see this image.][/img]

Its important to track the direction of ASI so that i could determine my PF would be in healthier position.....

But which shares that would give the highest return....... when ASI hits 6000 levels this time ?

If you can pick those you are Winner ......

There is a message (HINT) to all those in what i said ......


Good Luck

IMO 6276~7000 levels would most talked about in the near future know

will green days be numbered and 21st March to DUMP on us by Foreigners and loose all the gains since last week

That would mean we will have rebuild it again.......

Or will the market react as a good news and see more uptrend

This is uncertainty i am enjoying...i love the suspense

5815, 5900 & 6000+ importants nos. for me.

For Me LLUB should Retest 230 all time HIGH and go past or fall back once again to 200-210

Lets see how this would move in corelation to NEST & CTC

LLUB should have some more legs to RUN to 250 to complete the Target....

Disl:PF consists 15% of LLUB Holdings

HNBN,SEYBX,NTB,DFCC & COMBX & COMBN Bought this morning.