Too many IPOs/ introductions to be stopped

dineshfernando · 1 Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 8:54 pm

dineshfernando

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Friends, as each and everyone of us know that one of the main reasons for this slow death of our market is due to the fact that too many IPOs and introductions had happened without any break within the last few months.

Everyday, I have been losing around Rs. 100,000/= and it seems that there is no end to this. I am planning to exit the market and come back when all these shit IPOs and introductions are over.

Also thought that it is better to inform the relevant authorities of this massacre and to protect the innocent new comers. I have sent an e-mail to Mr. Malik Cader explaining our plight.

His e-mail ID is: malik@sec.gov.lk

Please send your concerns to Mr. Malik and protect our hard earned money.

thambi · 2 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 9:01 pm

thambi

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Im planning on exiting the market soon aswell however i view this as oppurtunity rather than a threat i will watch the share prices of certain
companies i have identified as good buys and wait till their price fall to rock bottom and buy them therefore in a way these IPO's bring down
share prices can be used to our benefits aswell ... also if you dont want to exit the market invest in the IPO's in the meantime they seem to
be doin pretty good Idea

lbnnirmal · 3 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 9:04 pm

lbnnirmal

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It's really true that these continues IPO's will lead to death of the share market. When new IPO's comes investors try to take shares from those IPO's by selling the shares which they already have (Most of time lesser than the current market price) on their hand. But because of the lot of IPO's investors money get stuck. This is well known secret so government should have consider about this facts also .... other wise lot of peoples will leave the market

investor1984 · 4 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 9:18 pm

investor1984

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dineshfernando wrote:Friends, as each and everyone of us know that one of the main reasons for this slow death of our market is due to the fact that too many IPOs and introductions had happened without any break within the last few months.

Everyday, I have been losing around Rs. 100,000/= and it seems that there is no end to this. I am planning to exit the market and come back when all these shit IPOs and introductions are over.

Also thought that it is better to inform the relevant authorities of this massacre and to protect the innocent new comers. I have sent an e-mail to Mr. Malik Cader explaining our plight.

His e-mail ID is: malik@sec.gov.lk

Please send your concerns to Mr. Malik and protect our hard earned money.

Well, i see this in a different angle , I personally believe that IPO's & Introductions are good for the development of the market.. It gives us more freedom on choice.. We can select good companies to invest rather than selecting least worse companies from fewer listed in the market before..

By the way we cant blame IPO's for this downward trend as those companies didnt force any of us to invest on them, they just invited us, so the investment on those were pure investor's decision.

Other thing is we don't have to worry about these nonsense if are investing in financially sound , fundamentally strong shares, bcoz nothing can stop good company being prosper.. Not even the Manipulator... or the Credit Clarence ... or IPOs ... So its up to us to invest in good companies and to wait for few months... We are here to invest... we are not here to earn over night profit.. So no need to panic i guess... THIS IS MY PERSONAL VIEW Very Happy

thambi · 5 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 9:24 pm

thambi

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of course no one is blaming the companies that wish to IPO that is their wish and they are not forcing people to buy shares in them however the blame for this IPO promblem should be put on the retailers who have this misconception that IPO's will always increase from its initial value and can make profits within few days

Hiru · 6 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 9:55 pm

Hiru

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In theory, IPOs are priced 10%-20% discount so that they be attractive to investors. Practically this is different as there are no hard and fast rules to monitor the price, may be I am not aware if there is any. So, some companies try to promote by unethical propaganda and rumors even after over-pricing .

I hope, this is why our kind of forums are needed to share knowledge and experience to value shares fairly.

Evaluate any IPO in the same way as the already listed company and invest only if you can confidently justify your reasons. Then there may not be any blames to third parties even though they are responsible in fact.

rajithasamaranayake · 7 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 10:42 pm

rajithasamaranayake

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More than the IPOs it is those who buy through private placements or sell downs at much below IPO price who take the retail investors for a ride and make huge profits that drive the overall market down. Those people make hefty gains even if they sell below IPO price

On top of that we have to remember once the bull run is over the bear sets in. Definitely the bull run is over at CSE now. USUALLY a bull run happens once in 3-4 years in any market. CSE had the bull running for almost 2 years. I exited about 2 months ago and will return once there is evidence of fair play, better regulation to safeguard genuine investors like dineshfernando and me

Aamiable · 8 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 11:16 pm

Aamiable

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Force selling is over and major IPO s are over some major IPOs... Sri Lanka Insurance Corporation and Air Lanka catering IPO cancelled or delayed.............institutional buying started .... I thought of entering CSE on a medium term basis most of the large cap stocks at attractive levels. That is true, short term guess work can be risky. Medium term…. ideal time to enter.

Smile

ISURU · 9 Re: Too many IPOs/ introductions to be stopped Thu Jul 07, 2011 11:23 pm

ISURU

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dineshfernando wrote:Friends, as each and everyone of us know that one of the main reasons for this slow death of our market is due to the fact that too many IPOs and introductions had happened without any break within the last few months.

Everyday, I have been losing around Rs. 100,000/= and it seems that there is no end to this. I am planning to exit the market and come back when all these shit IPOs and introductions are over.

Also thought that it is better to inform the relevant authorities of this massacre and to protect the innocent new comers. I have sent an e-mail to Mr. Malik Cader explaining our plight.

His e-mail ID is: malik@sec.gov.lk

Please send your concerns to Mr. Malik and protect our hard earned money.

mechchara dhavas hitapu eke oya tikath inna. Smile

Chinwi · 10 Re: Too many IPOs/ introductions to be stopped Fri Jul 08, 2011 8:56 am

Chinwi

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Unfortunately, many good shares are going down without buyers while over prices IPOs are marketed without any problem.

duke · 11 Re: Too many IPOs/ introductions to be stopped Fri Jul 08, 2011 9:02 am

duke

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Why do you pay twice for something worth half the price? That's why share prices are going down slowly. Don't blame the SEC. Thanks to SEC we don't see market going down 10% a day. Thank them for protecting your hard earned dumb money.

tubal · 12 Re: Too many IPOs/ introductions to be stopped Fri Jul 08, 2011 9:20 am

tubal

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dineshfernando wrote:Friends, as each and everyone of us know that one of the main reasons for this slow death of our market is due to the fact that too many IPOs and introductions had happened without any break within the last few months.

Each and everyone? Speak for yourself and other shoe shine boys. The slow death of the market is actually caused by the shoe shine boys and most definitely not by the IPO. The IPOs are the poison that the shoe shine boys have chosen to inject into the market but shoe shiners are the murderers.

Also note down in your diary what duke has said in the post above mine.

rajithasamaranayake · 13 Re: Too many IPOs/ introductions to be stopped Fri Jul 08, 2011 8:00 pm

rajithasamaranayake

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Next in line is SOFTLOGIC. The real effects of all the IPO debacles will be seen within the next 6 months. Again the indications are that ASI will come down further during that period

kumudu · 14 Re: Too many IPOs/ introductions to be stopped Fri Jul 08, 2011 8:25 pm

kumudu

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I have also lost over million rupees due to lack of participation of investors due to so many IPOs and ever decreasing demand for the shares. every one is using the same money and circulate in the IPOs. I dont think they bring new cash from somewhere else to invest in IPOs. so the value of strong shares going down. IPOs are enough now.