Maharaja's Advice

ranferdi wrote:

DS Wijesinghe wrote:Ranferdi you want us to thank and appreciate the main culprit who planned Sri Lanka's biggest financial crime? May be die hard UNPers like you can and will do so

But the millions of others who are today suffering as a result of the huge impact this crime had on our economy will not do so.

Our economy is yet to come out of this massive financial crime which sent interest rates spiralling up overnight. It affected lending rates to all business houses and hardest hit were SMEs 

It definitely had a huge impact on the CSE performance as when interest rates started to move up CSE became unattractive compared to other safe investment tools

IF he planned this he will block all the investigations.. As MARA DID... Did mara allowed anyone to talk...no. Bond issue and the interest rates spike is due to cash cruch that did prevailed at the time... Mara had emptied state coffers at the time he is leaving.

He couldn't block President's actions but tried level best to give an extension to Mahendran to block investigations

He planned it with Malik & Mahendran. Because Mahendran's son-in-law had done it previously in small scale. If they had done it in small scale that wouldn't have impacted the interest rates across the financial markets 

But UNP had billions of unpaid election bills to be met. Also UNP wanted to raise large scale election money for Aug 2015 general elections too.

Ranil, Malik and Mahendran couldn't deal in the bond markets so they got perpetual treasuries and Aloysius to do it for them. In return Aloysius too was free to make money for himself. After all he is the executor. 

But these idiots thought it will never come out in public as was in the past. They didn't realise that the amount to be defrauded will be so huge enough to spike the market interest rates up overnight.

He did everything to cover up. Got his school mate Pitipana to write a mis-leading report. Did everything possible to stop Mahandran being removed as CB governor because he knew when Mahendran is gone it will open up the gates

Whilst Aloysius is in remand and Mahendran is living in open in Singapore, the 2 other main actors in this bank robbery drama are out there in the open freely

Political Uncertainty is over...

next election UNP has chance to Win.

pohottuwa thibba ralla winasa karagaththa...

moda wada nisa...............

stockback wrote:Political Uncertainty is over...

next election UNP has chance to Win.

pohottuwa thibba ralla winasa karagaththa...

moda wada nisa...............

Game over for the UNP however much it hurts you

Its written on the wall all over

It's now too late and only a matter of time until the elections are held for the resounding defeat the UNP is expected to make

DS Wijesinghe wrote:

stockback wrote:EPF make nearly 150 Billions from Bond and Bill Investment 
think Interest 10% then easily making 150 Billions.

EPF invest around 50 Billions in stock market. then ASPI will move to 7000 level easily.

when EPF investing. then Local Funds and individual Money will come also. 

Bond and Bill rates are falling now. One year Bill rate is 8.99 now.

CSE should react according to this

This may be basic stuff, but could you please explain as much as possible in plain language, how CSE should react or ought to react when bond rates go down

stockback wrote:
I will explain at right time. I think it's too early to explain this and promote it.

DS Wijesinghe wrote 
I will not take your explanation as a promotion

But your comments on Bonds give the impression to me that when Bond rates are falling, it will have a positive impact on CSE and CSE should rise.

Theoretically how does that should happen?

Are you still unable to explain this?

DS Wijesinghe wrote:

stockback wrote:Political Uncertainty is over...

next election UNP has chance to Win.

pohottuwa thibba ralla winasa karagaththa...

moda wada nisa...............

Game over for the UNP however much it hurts you

Its written on the wall all over

It's now too late and only a matter of time until the elections are held for the resounding defeat the UNP is expected to make

aththatama Dinapu gema paradenne yanne SLPP

Namalge Moda wada nisa...

dan aye jana bala mehumak kandawuwoth senaga godak aduwenawa...

balanna.....

ada methana kahagana set eka ko.

Stockback we can understand your sorrow and frustration. It hurts when you see the reality, isn't it?

I am sure you must have been overjoyed to have heard that your Supreme Leader will continue till 2030

DS Wijesinghe wrote:Stockback we can understand your sorrow and frustration. It hurts when you see the reality, isn't it?

I am sure you must have been overjoyed to have heard that your Supreme Leader will continue till 2030

perelanawa kiyla awanam hire giyath peralanna one...

nathinam Goal eka success naha.

ehema unama psychology balapanawa next election eka...

madyastha manussaya ath wenawa...

if we go to topic of this post Maharaja has proved he is correct and all the other persons trying to prove Maharaja is a fool has proved themselves .......

Im a freshie to this page. there might be a market crash this year or upcoming years. currently the market is overvalued. overvalued stocks have to come down to its intrinsic value or it will fall down even more due to fear.  i wrote a huge reply earlier but it did not get through the chat. lemme crisp my message. lets look into the indicators i use to predict. 

Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent. in 2000, it rose to 44, and then the market crashed down to 50 percent. third time is now. the shiller p/e risen to 31.

Wilshire GDP -it went over 100 in 2000 and in 2008 and its now reached new height 155 percent. noone can accurately say the exact time of market crash. even warren buffet cannot. but we can predict. i am gonna wait and see how MR. Market play around.  

Rukshan28 wrote:Im a freshie to this page. there might be a market crash this year or upcoming years. currently the market is overvalued. overvalued stocks have to come down to its intrinsic value or it will fall down even more due to fear.  i wrote a huge reply earlier but it did not get through the chat. lemme crisp my message. lets look into the indicators i use to predict. 

Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent. in 2000, it rose to 44, and then the market crashed down to 50 percent. third time is now. the shiller p/e risen to 31.

Wilshire GDP -it went over 100 in 2000 and in 2008 and its now reached new height 155 percent. noone can accurately say the exact time of market crash. even warren buffet cannot. but we can predict. i am gonna wait and see how MR. Market play around.  

Rukshan28, My friend  


There will be plenty of rice eating donkeys here in this forum and do not become one of them.......
"Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent."


CSE started in 1985 (Share trading in Sri Lanka was initiated in 1896 under Share Brokers Association (SBA). In 1904 SBA was renamed as Colombo Brokers' Association. They started auctioning shares in an open land. Later a competitor evolved, Stock Brokers Association and in 1985 Colombo Brockers & Stock Brokers merged and formed Colombo Securities Exchange.)  


                                      


So leave political parties and political agendas side and post something valuable to forum members ............ Thank you


Since maharaja missing these days you can continue market crash topic   

Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

samaritan wrote:Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

Check your post No, it is 287 and we got only 298 companies in CSE........... 


Every post matters even to a single person, if all current investors wait till 2020 and new investors avoid investing what is the use??????

ruwan326 wrote:

samaritan wrote:Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

Check your post No, it is 287 and we got only 298 companies in CSE........... 


Every post matters even to a single person, if all current investors wait till 2020 and new investors avoid investing what is the use??????

Look up and spit and its on you. This is your 288 th post. Now i was referring to Maharaja and you are just straying away as usual.

samaritan wrote:

ruwan326 wrote:

samaritan wrote:Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

Check your post No, it is 287 and we got only 298 companies in CSE........... 


Every post matters even to a single person, if all current investors wait till 2020 and new investors avoid investing what is the use??????

Look up and spit and its on you. This is your 288 th post. Now i was referring to Maharaja and you are just straying away as usual.

"Look up and spit and its on you" you did it already


As long as you got a political party to hang on and if your party is in opposition you are filled with anger and hate


I had the same feeling till I gave up on politics in sri lanka.........

ruwan326 wrote:

samaritan wrote:

ruwan326 wrote:

samaritan wrote:Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

Check your post No, it is 287 and we got only 298 companies in CSE........... 


Every post matters even to a single person, if all current investors wait till 2020 and new investors avoid investing what is the use??????

Look up and spit and its on you. This is your 288 th post. Now i was referring to Maharaja and you are just straying away as usual.

"Look up and spit and its on you" you did it already ;)


As long as you got a political party to hang on and if your party is in opposition you are filled with anger and hate :D


I had the same feeling till I gave up on politics in sri lanka.........

D.S.Wijesinghe has already exposed who you are. So, i don't want to waste time addressing the same topic. 

ruwan326 wrote:

Rukshan28 wrote:Im a freshie to this page. there might be a market crash this year or upcoming years. currently the market is overvalued. overvalued stocks have to come down to its intrinsic value or it will fall down even more due to fear.  i wrote a huge reply earlier but it did not get through the chat. lemme crisp my message. lets look into the indicators i use to predict. 

Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent. in 2000, it rose to 44, and then the market crashed down to 50 percent. third time is now. the shiller p/e risen to 31.

Wilshire GDP -it went over 100 in 2000 and in 2008 and its now reached new height 155 percent. noone can accurately say the exact time of market crash. even warren buffet cannot. but we can predict. i am gonna wait and see how MR. Market play around.  

Rukshan28, My friend  


There will be plenty of rice eating donkeys here in this forum and do not become one of them.......
"Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent."


CSE started in 1985 (Share trading in Sri Lanka was initiated in 1896 under Share Brokers Association (SBA). In 1904 SBA was renamed as Colombo Brokers' Association. They started auctioning shares in an open land. Later a competitor evolved, Stock Brokers Association and in 1985 Colombo Brockers & Stock Brokers merged and formed Colombo Securities Exchange.)  


                                      


So leave political parties and political agendas side and post something valuable to forum members ............ Thank you


Since maharaja missing these days you can continue market crash topic   

i aint here to support maharaja or anyone. i dont even know who maharaja is. im here to share my views and find new viable businesses to buy. 

i got a question is it possible to buy international shares from srilanka?  

samaritan wrote:

ruwan326 wrote:

samaritan wrote:

ruwan326 wrote:

samaritan wrote:Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

Check your post No, it is 287 and we got only 298 companies in CSE........... 


Every post matters even to a single person, if all current investors wait till 2020 and new investors avoid investing what is the use??????

Look up and spit and its on you. This is your 288 th post. Now i was referring to Maharaja and you are just straying away as usual.

"Look up and spit and its on you" you did it already


As long as you got a political party to hang on and if your party is in opposition you are filled with anger and hate


I had the same feeling till I gave up on politics in sri lanka.........

D.S.Wijesinghe has already exposed who you are. So, i don't want to waste time addressing the same topic. 

Maharaja
DS wejesinghe
Ryan Hudson
samaratin .....love to see market crash so they can bring back king to power again........... Are you all humans ??????? As a investor I like to see the market up but you people only spread the political shit in this forum these days........ 
Only a donkey will bring back king again to do this again.......




Share market scandal erupts in Sri Lanka-Saturday, 15 September 2012

World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators.

Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, just nine months after his appointment. The apparent reason for his ouster was that the SEC had commenced investigations into 17 companies accused of abusing the share market.


After his resignation, Karunaratne told the media of “daylight robbery” by a “stock market mafia” closely connected to Government leaders, including Rajapaksa.

Karunaratne is a politician as well as a businessman. He was a founding leader of the Sinhala chauvinist Jathika Hela Urumaya (JHU), then joined the right-wing United National Party (UNP). Just before the presidential election in January 2010, he switched to Rajapaksa’s Sri Lanka Freedom Party (SLFP).

The SEC is the “regulating authority” appointed by the president to oversee the Colombo stock market. Rajapaksa has used his powers to install chairpersons loyal to the Government. Karunaratne’s predecessor Indrani Sugathadasa, who resigned in similar circumstances, is the wife of the President’s Secretary, Lalith Weeratunga.

The latest scandal has provided a glimpse into the operations of a parasitic layer of financial speculators who have been nurtured by the Rajapaksa Government since the end of the country’s longstanding civil war. After the defeat of the Liberation Tigers of Tamil Eelam (LTTE) in May 2009, the Colombo all share price index soared — from 1,631 points in 2008 to 7,800 points in February 2011.

Rajapaksa pointed to the rocketing share prices as proof of his Government’s economic success. The financial press hailed “one of the best performing share markets in the world,” but the “success,” amid the global financial crisis, was built on rampant speculation.

In early 2011, the bubble burst and the index is currently hovering around 5,000 points. Foreign investors have been withdrawing funds and Colombo is rated as one of the world’s “worst performing” markets.

Karunaratne admitted that speculation had been a major factor in the share price rises. “The major contribution came from people who used unfair means in pumping up the market, which made it reach extreme high levels,” he told the media.
The former SEC Chairman has not named the 17 companies that he placed under investigation. But he hinted at their identities by citing cases where prices had dramatically risen between the end of 2009 and end of 2010. Over that year, the share prices of Dankotuwa Porcelain, Blue Diamonds, Asian Alliance Insurance, Lanka Hospitals and HVA Foods stock increased by 226, 270, 177, 204 and 394 per cent respectively.

A Sunday Times editorial last weekend, entitled ‘Jackals and mafia of crooks,’ commented: “It is common tattle that many of the 17 ‘suspects’ are closely linked to the ruling elite. This linkage extends to the level of financing the political campaigns of the rulers, and even more, acting for them as front men.”

In a scheme known as “pumping and dumping,” major dealers encouraged investors to put money into particular shares, promising huge returns. When the share price reached a certain level, the dealers sold out, making staggering profits, and prices fell sharply. Small share holders, who had in many cases invested their savings and pensions, were hit with heavy losses.

The Central Bank encouraged this speculative frenzy by releasing money from the Employees Provident Fund (EPF), the country’s biggest pension fund, to purchase shares, including in ailing companies such as Galadari Hotels, Laugfs Gas, Piramal Glass Ceylon, Ceylon Grain Elevators and Browns. The release of EPF cash for private sector investment was a longstanding demand of the International Monetary Fund (IMF).

The results have been disastrous. For example, the EPF purchased 23.7 million shares in the loss-making Galadari Hotels at a price of 32.50 rupees a share in 2010 from Nawaloka Hospitals. By July 2012, the share price had plummeted to 11 rupees, resulting in a loss of 500 million rupees for the EPF. Overall, the EPF had lost about 6 billion rupees by the middle of this year.

The newly-appointed SEC Chairman, Nalaka Godahewa, is well connected to the Government as well. He was given the job despite heading the Colombo Lands and Development (CLD), which is also under a cloud for share manipulation.

The CLD had been a prominent Colombo real estate developer but was restructured into a joint venture with the Urban Development Authority (UDA). In 2010, the Government put the UDA, a civilian body, under the Defence Ministry, which is headed by Gotabaya Rajapakse, the President’s brother.
The UDA is central to the Government plans to develop Colombo as a major “commercial hub,” primarily through the eviction of some 70,000 shanty dwellers. The security forces have already forcibly removed hundreds of families.

One of those recently identified by the media as a member of the “stock market mafia” also has government connections. Dilith Jayaweera, head of Divasa Equity, recently admitted meeting with Gotabaya Rajapaksa to discuss share market affairs. Gotabaya Rajapaksa arranged for Jayaweera, who was known for demanding a free hand for share dealers, to meet with SEC Chairman Karunaratne.

The eruption of the share market scandal points to deep dissatisfaction among layers of the corporate elite with the Rajapaksa Government and its business cronies. The Ceylon Chamber of Commerce has expressed concern over Karunaratne’s resignation, warning that it would send the wrong signal to foreign investors.

These divisions in ruling circles have opened up amid the worsening global economic breakdown, which is impacting heavily on the Sri Lankan economy through declining exports and an emerging balance of payments crisis.

The scandal has revealed a parasitic layer of speculators and share price manipulators operating in collaboration with the government, which will inevitably attempt to pass the burden of the losses onto the working people.

http://www.ft.lk/article/109712/Share-market-scandal-erupts-in-Sri-Lanka

I initially thought Maharaja was the only super human. But now according to ruwan there are four super humans including myself. Ha Ha Haaa!

Ruwan try to come to terms with reality, no one can make the market go up or down thro' postings in this forum.

If market conditions are conducive definitely the market will go up. If the market conditions are negative, the mkt will come down.

samaritan wrote:I initially thought Maharaja was the only super human. But now according to ruwan there are four super humans including myself. Ha Ha Haaa!

Ruwan try to come to terms with reality, no one can make the market go up or down thro' postings in this forum.

If market conditions are conducive definitely the market will go up. If the market conditions are negative, the mkt will come down.

"If market conditions are conducive definitely the market will go up." you mean like in 2011
Share market scandal erupts in Sri Lanka-Saturday, 15 September 2012

World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators.

Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, just nine months after his appointment. The apparent reason for his ouster was that the SEC had commenced investigations into 17 companies accused of abusing the share market.


After his resignation, Karunaratne told the media of “daylight robbery” by a “stock market mafia” closely connected to Government leaders, including Rajapaksa.

Karunaratne is a politician as well as a businessman. He was a founding leader of the Sinhala chauvinist Jathika Hela Urumaya (JHU), then joined the right-wing United National Party (UNP). Just before the presidential election in January 2010, he switched to Rajapaksa’s Sri Lanka Freedom Party (SLFP).

The SEC is the “regulating authority” appointed by the president to oversee the Colombo stock market. Rajapaksa has used his powers to install chairpersons loyal to the Government. Karunaratne’s predecessor Indrani Sugathadasa, who resigned in similar circumstances, is the wife of the President’s Secretary, Lalith Weeratunga.

The latest scandal has provided a glimpse into the operations of a parasitic layer of financial speculators who have been nurtured by the Rajapaksa Government since the end of the country’s longstanding civil war. After the defeat of the Liberation Tigers of Tamil Eelam (LTTE) in May 2009, the Colombo all share price index soared — from 1,631 points in 2008 to 7,800 points in February 2011.

Rajapaksa pointed to the rocketing share prices as proof of his Government’s economic success. The financial press hailed “one of the best performing share markets in the world,” but the “success,” amid the global financial crisis, was built on rampant speculation.

In early 2011, the bubble burst and the index is currently hovering around 5,000 points. Foreign investors have been withdrawing funds and Colombo is rated as one of the world’s “worst performing” markets.

Karunaratne admitted that speculation had been a major factor in the share price rises. “The major contribution came from people who used unfair means in pumping up the market, which made it reach extreme high levels,” he told the media.
The former SEC Chairman has not named the 17 companies that he placed under investigation. But he hinted at their identities by citing cases where prices had dramatically risen between the end of 2009 and end of 2010. Over that year, the share prices of Dankotuwa Porcelain, Blue Diamonds, Asian Alliance Insurance, Lanka Hospitals and HVA Foods stock increased by 226, 270, 177, 204 and 394 per cent respectively.

A Sunday Times editorial last weekend, entitled ‘Jackals and mafia of crooks,’ commented: “It is common tattle that many of the 17 ‘suspects’ are closely linked to the ruling elite. This linkage extends to the level of financing the political campaigns of the rulers, and even more, acting for them as front men.”

In a scheme known as “pumping and dumping,” major dealers encouraged investors to put money into particular shares, promising huge returns. When the share price reached a certain level, the dealers sold out, making staggering profits, and prices fell sharply. Small share holders, who had in many cases invested their savings and pensions, were hit with heavy losses.

The Central Bank encouraged this speculative frenzy by releasing money from the Employees Provident Fund (EPF), the country’s biggest pension fund, to purchase shares, including in ailing companies such as Galadari Hotels, Laugfs Gas, Piramal Glass Ceylon, Ceylon Grain Elevators and Browns. The release of EPF cash for private sector investment was a longstanding demand of the International Monetary Fund (IMF).

The results have been disastrous. For example, the EPF purchased 23.7 million shares in the loss-making Galadari Hotels at a price of 32.50 rupees a share in 2010 from Nawaloka Hospitals. By July 2012, the share price had plummeted to 11 rupees, resulting in a loss of 500 million rupees for the EPF. Overall, the EPF had lost about 6 billion rupees by the middle of this year.

The newly-appointed SEC Chairman, Nalaka Godahewa, is well connected to the Government as well. He was given the job despite heading the Colombo Lands and Development (CLD), which is also under a cloud for share manipulation.

The CLD had been a prominent Colombo real estate developer but was restructured into a joint venture with the Urban Development Authority (UDA). In 2010, the Government put the UDA, a civilian body, under the Defence Ministry, which is headed by Gotabaya Rajapakse, the President’s brother.
The UDA is central to the Government plans to develop Colombo as a major “commercial hub,” primarily through the eviction of some 70,000 shanty dwellers. The security forces have already forcibly removed hundreds of families.

One of those recently identified by the media as a member of the “stock market mafia” also has government connections. Dilith Jayaweera, head of Divasa Equity, recently admitted meeting with Gotabaya Rajapaksa to discuss share market affairs. Gotabaya Rajapaksa arranged for Jayaweera, who was known for demanding a free hand for share dealers, to meet with SEC Chairman Karunaratne.

The eruption of the share market scandal points to deep dissatisfaction among layers of the corporate elite with the Rajapaksa Government and its business cronies. The Ceylon Chamber of Commerce has expressed concern over Karunaratne’s resignation, warning that it would send the wrong signal to foreign investors.

These divisions in ruling circles have opened up amid the worsening global economic breakdown, which is impacting heavily on the Sri Lankan economy through declining exports and an emerging balance of payments crisis.

The scandal has revealed a parasitic layer of speculators and share price manipulators operating in collaboration with the government, which will inevitably attempt to pass the burden of the losses onto the working people.

http://www.ft.lk/article/109712/Share-market-scandal-erupts-in-Sri-Lanka

ruwan326 wrote:

samaritan wrote:

ruwan326 wrote:

samaritan wrote:

ruwan326 wrote:

samaritan wrote:Can an individual known as Maharaja bring down the market with just few brief posts????????????????????????

So, i don't understand why some people in this forum are highly concerned about his posts????????????

He is just another member who expresses his views and very well he has the liberty to do so like others. Anyone can counter that with hundreds of posts as we have witnessed and make the market go up if possible. May be these guys must be having nightmares thinking of Maharaja even in sleep.

May be Maharaja has created some psychos in this forum.

Check your post No, it is 287 and we got only 298 companies in CSE........... 


Every post matters even to a single person, if all current investors wait till 2020 and new investors avoid investing what is the use??????

Look up and spit and its on you. This is your 288 th post. Now i was referring to Maharaja and you are just straying away as usual.

"Look up and spit and its on you" you did it already


As long as you got a political party to hang on and if your party is in opposition you are filled with anger and hate


I had the same feeling till I gave up on politics in sri lanka.........

D.S.Wijesinghe has already exposed who you are. So, i don't want to waste time addressing the same topic. 

Maharaja
DS wejesinghe
Ryan Hudson
samaratin .....love to see market crash so they can bring back king to power again........... Are you all humans ??????? As a investor I like to see the market up but you people only spread the political shit in this forum these days........ 
Only a donkey will bring back king again to do this again.......




Share market scandal erupts in Sri Lanka-Saturday, 15 September 2012

World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators.

Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, just nine months after his appointment. The apparent reason for his ouster was that the SEC had commenced investigations into 17 companies accused of abusing the share market.


After his resignation, Karunaratne told the media of “daylight robbery” by a “stock market mafia” closely connected to Government leaders, including Rajapaksa.

Karunaratne is a politician as well as a businessman. He was a founding leader of the Sinhala chauvinist Jathika Hela Urumaya (JHU), then joined the right-wing United National Party (UNP). Just before the presidential election in January 2010, he switched to Rajapaksa’s Sri Lanka Freedom Party (SLFP).

The SEC is the “regulating authority” appointed by the president to oversee the Colombo stock market. Rajapaksa has used his powers to install chairpersons loyal to the Government. Karunaratne’s predecessor Indrani Sugathadasa, who resigned in similar circumstances, is the wife of the President’s Secretary, Lalith Weeratunga.

The latest scandal has provided a glimpse into the operations of a parasitic layer of financial speculators who have been nurtured by the Rajapaksa Government since the end of the country’s longstanding civil war. After the defeat of the Liberation Tigers of Tamil Eelam (LTTE) in May 2009, the Colombo all share price index soared — from 1,631 points in 2008 to 7,800 points in February 2011.

Rajapaksa pointed to the rocketing share prices as proof of his Government’s economic success. The financial press hailed “one of the best performing share markets in the world,” but the “success,” amid the global financial crisis, was built on rampant speculation.

In early 2011, the bubble burst and the index is currently hovering around 5,000 points. Foreign investors have been withdrawing funds and Colombo is rated as one of the world’s “worst performing” markets.

Karunaratne admitted that speculation had been a major factor in the share price rises. “The major contribution came from people who used unfair means in pumping up the market, which made it reach extreme high levels,” he told the media.
The former SEC Chairman has not named the 17 companies that he placed under investigation. But he hinted at their identities by citing cases where prices had dramatically risen between the end of 2009 and end of 2010. Over that year, the share prices of Dankotuwa Porcelain, Blue Diamonds, Asian Alliance Insurance, Lanka Hospitals and HVA Foods stock increased by 226, 270, 177, 204 and 394 per cent respectively.

A Sunday Times editorial last weekend, entitled ‘Jackals and mafia of crooks,’ commented: “It is common tattle that many of the 17 ‘suspects’ are closely linked to the ruling elite. This linkage extends to the level of financing the political campaigns of the rulers, and even more, acting for them as front men.”

In a scheme known as “pumping and dumping,” major dealers encouraged investors to put money into particular shares, promising huge returns. When the share price reached a certain level, the dealers sold out, making staggering profits, and prices fell sharply. Small share holders, who had in many cases invested their savings and pensions, were hit with heavy losses.

The Central Bank encouraged this speculative frenzy by releasing money from the Employees Provident Fund (EPF), the country’s biggest pension fund, to purchase shares, including in ailing companies such as Galadari Hotels, Laugfs Gas, Piramal Glass Ceylon, Ceylon Grain Elevators and Browns. The release of EPF cash for private sector investment was a longstanding demand of the International Monetary Fund (IMF).

The results have been disastrous. For example, the EPF purchased 23.7 million shares in the loss-making Galadari Hotels at a price of 32.50 rupees a share in 2010 from Nawaloka Hospitals. By July 2012, the share price had plummeted to 11 rupees, resulting in a loss of 500 million rupees for the EPF. Overall, the EPF had lost about 6 billion rupees by the middle of this year.

The newly-appointed SEC Chairman, Nalaka Godahewa, is well connected to the Government as well. He was given the job despite heading the Colombo Lands and Development (CLD), which is also under a cloud for share manipulation.

The CLD had been a prominent Colombo real estate developer but was restructured into a joint venture with the Urban Development Authority (UDA). In 2010, the Government put the UDA, a civilian body, under the Defence Ministry, which is headed by Gotabaya Rajapakse, the President’s brother.
The UDA is central to the Government plans to develop Colombo as a major “commercial hub,” primarily through the eviction of some 70,000 shanty dwellers. The security forces have already forcibly removed hundreds of families.

One of those recently identified by the media as a member of the “stock market mafia” also has government connections. Dilith Jayaweera, head of Divasa Equity, recently admitted meeting with Gotabaya Rajapaksa to discuss share market affairs. Gotabaya Rajapaksa arranged for Jayaweera, who was known for demanding a free hand for share dealers, to meet with SEC Chairman Karunaratne.

The eruption of the share market scandal points to deep dissatisfaction among layers of the corporate elite with the Rajapaksa Government and its business cronies. The Ceylon Chamber of Commerce has expressed concern over Karunaratne’s resignation, warning that it would send the wrong signal to foreign investors.

These divisions in ruling circles have opened up amid the worsening global economic breakdown, which is impacting heavily on the Sri Lankan economy through declining exports and an emerging balance of payments crisis.

The scandal has revealed a parasitic layer of speculators and share price manipulators operating in collaboration with the government, which will inevitably attempt to pass the burden of the losses onto the working people.

http://www.ft.lk/article/109712/Share-market-scandal-erupts-in-Sri-Lanka

 The UNP donkey Shits in this forum everyday in the morning, afternoon, evening and night posting mud slinging political shit to try and avoid the landslide defeat expected for UNP at next elections

Is this the same Maharaja predicting Market crash??????

Rukshan28 wrote:

ruwan326 wrote:

Rukshan28 wrote:Im a freshie to this page. there might be a market crash this year or upcoming years. currently the market is overvalued. overvalued stocks have to come down to its intrinsic value or it will fall down even more due to fear.  i wrote a huge reply earlier but it did not get through the chat. lemme crisp my message. lets look into the indicators i use to predict. 

Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent. in 2000, it rose to 44, and then the market crashed down to 50 percent. third time is now. the shiller p/e risen to 31.

Wilshire GDP -it went over 100 in 2000 and in 2008 and its now reached new height 155 percent. noone can accurately say the exact time of market crash. even warren buffet cannot. but we can predict. i am gonna wait and see how MR. Market play around.  

Rukshan28, My friend  


There will be plenty of rice eating donkeys here in this forum and do not become one of them.......
"Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent."


CSE started in 1985 (Share trading in Sri Lanka was initiated in 1896 under Share Brokers Association (SBA). In 1904 SBA was renamed as Colombo Brokers' Association. They started auctioning shares in an open land. Later a competitor evolved, Stock Brokers Association and in 1985 Colombo Brockers & Stock Brokers merged and formed Colombo Securities Exchange.)  


                                      


So leave political parties and political agendas side and post something valuable to forum members ............ Thank you


Since maharaja missing these days you can continue market crash topic   

i aint here to support maharaja or anyone. i dont even know who maharaja is. im here to share my views and find new viable businesses to buy. 

i got a question is it possible to buy international shares from srilanka?  

යන්නේ කොහෙද ?මල්ලේ පොල්

මං ඇහුවේ 1929 Shiller P/E ratio එක ගැන .
පරණ profile block වුනාම "Im a freshie to this page" බබාල කියාගෙන තමයි අළුත් profile වලින් log වෙන්නේ ............. 
...........................
I asked you about "1929 Shiller P/E ratio" 
Once they got blocked they will come back with new profiles and it's pretty normal here (21000+ members shown in this forum)

ruwan326 wrote:Is this the same Maharaja predicting Market crash??????

Now you will understand he is not a fan of the previous govt. It appears he believed in this govt to some point and later analysed the market is going the other way.i.e. going down

And to your surprise now you should realise he is not a staunch Mahinda campaigner, for which you are mad at him

Though he is not a Mahinda fan, he has correctly analysed who is going to win the Next Presidential campaign

Obviously he is now more concerned about his money and wealth rather than blindly supporting a govt which had made our nation one of the least growing countries in Asia

p.s. Don't post writings to Maharaaja in Sinhala letters, he can't read Sinhala letters

DS Wijesinghe wrote:

ruwan326 wrote:Is this the same Maharaja predicting Market crash??????

Now you will understand he is not a fan of the previous govt. It appears he believed in this govt to some point and later analysed the market is going the other way.i.e. going down

And to your surprise now you should realise he is not a staunch Mahinda campaigner, for which you are mad at him

Though he is not a Mahinda fan, he has correctly analysed who is going to win the Next Presidential campaign

Obviously he is now more concerned about his money and wealth rather than blindly supporting a govt which had made our nation one of the least growing countries in Asia

p.s. Don't post writings to Maharaaja in Sinhala letters, he can't read Sinhala letters

It seems like this ruwan326,yahapalana shopping boy  not even his father's balls when Maharaja was predicting these.

ruwan326 wrote:

Rukshan28 wrote:

ruwan326 wrote:

Rukshan28 wrote:Im a freshie to this page. there might be a market crash this year or upcoming years. currently the market is overvalued. overvalued stocks have to come down to its intrinsic value or it will fall down even more due to fear.  i wrote a huge reply earlier but it did not get through the chat. lemme crisp my message. lets look into the indicators i use to predict. 

Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent. in 2000, it rose to 44, and then the market crashed down to 50 percent. third time is now. the shiller p/e risen to 31.

Wilshire GDP -it went over 100 in 2000 and in 2008 and its now reached new height 155 percent. noone can accurately say the exact time of market crash. even warren buffet cannot. but we can predict. i am gonna wait and see how MR. Market play around.  

Rukshan28, My friend  


There will be plenty of rice eating donkeys here in this forum and do not become one of them.......
"Shiller P/E ratio - it has risen above 25 only three times. in 1929 it rose to 32, and then the market crashed down 90 percent."


CSE started in 1985 (Share trading in Sri Lanka was initiated in 1896 under Share Brokers Association (SBA). In 1904 SBA was renamed as Colombo Brokers' Association. They started auctioning shares in an open land. Later a competitor evolved, Stock Brokers Association and in 1985 Colombo Brockers & Stock Brokers merged and formed Colombo Securities Exchange.)  


                                      


So leave political parties and political agendas side and post something valuable to forum members ............ Thank you


Since maharaja missing these days you can continue market crash topic   

i aint here to support maharaja or anyone. i dont even know who maharaja is. im here to share my views and find new viable businesses to buy. 

i got a question is it possible to buy international shares from srilanka?  

යන්නේ කොහෙද ?මල්ලේ පොල්

මං ඇහුවේ 1929 Shiller P/E ratio එක ගැන .
පරණ profile block වුනාම "Im a freshie to this page" බබාල කියාගෙන තමයි අළුත් profile වලින් log වෙන්නේ ............. 
...........................
I asked you about "1929 Shiller P/E ratio" 
Once they got blocked they will come back with new profiles and it's pretty normal here (21000+ members shown in this forum)

Ruwan please stop this kind of insulting posts which could discourage newcomers to become new members of of this forum

Every member who think the market would go down, you brand them to be Maharaja or his supporter or anti UNP supporter

Same way one could ask whether your previous profile was blocked here or whether you are running fake multiple accounts?

Let's keep ourselves concentrated on the topics please.

dsam wrote:

DS Wijesinghe wrote:

ruwan326 wrote:Is this the same Maharaja predicting Market crash??????

Now you will understand he is not a fan of the previous govt. It appears he believed in this govt to some point and later analysed the market is going the other way.i.e. going down

And to your surprise now you should realise he is not a staunch Mahinda campaigner, for which you are mad at him

Though he is not a Mahinda fan, he has correctly analysed who is going to win the Next Presidential campaign

Obviously he is now more concerned about his money and wealth rather than blindly supporting a govt which had made our nation one of the least growing countries in Asia

p.s. Don't post writings to Maharaaja in Sinhala letters, he can't read Sinhala letters

It seems like this ruwan326,yahapalana shopping boy  not even his father's balls when Maharaja was predicting these.

Well dsam, you were not in your fathers balls when I born for sure.

DS Wijesinghe wrote:

ruwan326 wrote:Is this the same Maharaja predicting Market crash??????

Now you will understand he is not a fan of the previous govt. It appears he believed in this govt to some point and later analysed the market is going the other way.i.e. going down

And to your surprise now you should realise he is not a staunch Mahinda campaigner, for which you are mad at him

Though he is not a Mahinda fan, he has correctly analysed who is going to win the Next Presidential campaign

Obviously he is now more concerned about his money and wealth rather than blindly supporting a govt which had made our nation one of the least growing countries in Asia

p.s. Don't post writings to Maharaaja in Sinhala letters, he can't read Sinhala letters

What is the guarantee that Maharaja give in 2020?????
2015 he promote and 2018 crash guarantee  
 
Lets say MR/family comeback 2020 and 2023 he do the same

Changing parties is not the solution... We tried this for last 70 years and see where sri lanka stands now.

DS Wijesinghe wrote:

ruwan326 wrote:Is this the same Maharaja predicting Market crash??????

Now you will understand he is not a fan of the previous govt. It appears he believed in this govt to some point and later analysed the market is going the other way.i.e. going down

And to your surprise now you should realise he is not a staunch Mahinda campaigner, for which you are mad at him

Though he is not a Mahinda fan, he has correctly analysed who is going to win the Next Presidential campaign

Obviously he is now more concerned about his money and wealth rather than blindly supporting a govt which had made our nation one of the least growing countries in Asia

p.s. Don't post writings to Maharaaja in Sinhala letters, he can't read Sinhala letters

He has correctly analyzed who is going to win next presidential election???? IS he god ?? The major opposition has so many blunders and not sure yet who will context.. Internecine clashes would begin anytime within opposition. 

At the same time if any wise person to support or promote previous regime or bring back any one connected to it is acting in heinous hidden attitude as that will not help country anyway.