Can YOU please stop blaming against Regulators and Manipulators?

People are endlessly blaming regulators for the recent downward trend. Agreed they need to bit stronger than now but we cannt expect 100% perfect regulators at any market. A market with 100% perfect regulators would be similar to an old school class room.
Manipulators were in the market yesterday, they are in the market today and they will defiantly be in the market tomorrow. No regulator in this world can control the manipulation by 100%. NO CHANCE.
Before you again start blaming against Regulators & Manipulators, may I ask few questions from you?
If you can find a YES to any of these questions then I would surely come and join your campaign against regulators and manipulators.

Regarding Regulators.
1. Did regulators ask you to sell your shares and apply for IPOs?
2. Did regulators ask you to use your credit facility every month to the limit?
3. Did regulators ask you to follow broker advices all the time?
4. Did regulators ask you apply for overpriced IPOs?
5. Did regulators ask to buy junk shares like BINN? ( There are plenty other shares but its not the time to mention all as many of the retailers are already wounded badly)
6. Did regulators ask all CDS account holder to become traders?
7. Did regulators ask you to keep diversified sector P/E value over 25?
8. Did regulators ask you to go behind HNWIs?

Regarding Manipulators

9. Did they force you to follow them at 1st place?
10. Did they show a gun onto your forehead and ask you to buy the shares they bought?
11. Did they (some company directors) ask you to follow their purchases and buy the same share 20%+ over their purchased prices?
12. Can we call all the HNWIs are genuine?
13. If you missed the train, Did they ask you to join the train at its final destination?
14. Did manipulators make monies because of regulators?
15. Do you think insider trading is something new to market?

Please let me know if you can say yes to any of these?

Note: There are some other factors are also affecting the market but in this topic I would like to see comments only on regulators and manipulators.

oh... very good .. Actually no one can blame any one. We have to blame our selves only, These day all are running behind money and now their is no investors in the market and all are came gambelrs. (most)

Yes, assume the market (and others) are always correct.
So you are sometimes more correct and most of the times less.

Why regulators not keeping certain control over flooding IPO and Introduction offers. All we must know this Sri Lanka. Our market is very tiny market when compare with others. When new IPO or Introduction offers come to the market money is divided in to several shares. We have limited capital rotating in the market. So regulatory can take certain step to enter IPO and Introduction offers time by time without effecting present market. Now at once day by day IPO as well as Introduction offers. Market may go further down and ASI would not show the correct picture of the market bcos these some introduction offers boomed by 100 or 200 rupees by clear manipulation. eg. AFSL.

This will give wrong pictures to foreign investor about total overall market. Why not stopping this flood yet. Are they want crash the market like Bangaldesh?

Hello Ukboy

isn't that all are elfish questions ?
you are right if we have everything in our own land and a self sufficient country.

pls think little broad way. if not we become frog in a well.

ISN'T THAT SHARE MARKET IS A BACKBONE OF COUNTRY ??? and our economy is measured by this? fin d answer. u will find answers not only for our own well being but also to our next generation..

hv a good day dude.

Dear UKboy,

If you are correct actually we no need to have a SEC, even a government. Why big heads in SEC are paid in big figures. Please ask MR to close down it.

Have you ever seen there are several objectives of SEC.

The Commission's objects include:

1.The creation and maintenance of a market in which securities can be issued and traded in an orderly and fair manner

2. The protection of the interest of investors

3.The operation of a Compensation Fund to protect investors from financial loss arising as a result of any licensed stock broker or licensed stock dealer being found incapable of meeting his contractual obligations

4. The regulation of the securities market and to ensure that professional standards are maintained in such market.

Please go through the SEC web site and see what they are oblige do.

The USA SEC is well performed one. After the crisis they well regulated their capital markets. And took each and every steps to prevent the insider trading. As a result of this Raj is a prisoner there yet.

I'm not suffering too much by this downturn. But story of some guys are too sad.

SEC has the responsibility to correct this.

mktgold wrote:Why regulators not keeping certain control over flooding IPO and Introduction offers. All we must know this Sri Lanka. Our market is very tiny market when compare with others. When new IPO or Introduction offers come to the market money is divided in to several shares. We have limited capital rotating in the market. So regulatory can take certain step to enter IPO and Introduction offers time by time without effecting present market. Now at once day by day IPO as well as Introduction offers. Market may go further down and ASI would not show the correct picture of the market bcos these some introduction offers boomed by 100 or 200 rupees by clear manipulation. eg. AFSL.

This will give wrong pictures to foreign investor about total overall market. Why not stopping this flood yet. Are they want crash the market like Bangaldesh?

for example .. as you mention why we went for the IPO.. no one has force you. same way no one told you to sell the secondary market shares to buy high priced IPO. many things can come to the market.. means it is not must to buy. yes.. money will be divided in to several shares.. so what the issue of this ??

If you see other regulatory bodies in Sri Lanka such as SLS, TRC, CEA, LA all acts on interest of end customers, who are in weak compare to the other party (companies..). Unfortunately CSE is incapable of developing such regulations to protect the weak party. CSE should be equipped with knowledgeable management to re-engineer its process and regulation. It would improve overall stock market as well. This is for consideration of relevant policy makers.

If you see other regulatory bodies in Sri Lanka such as SLS, TRC, CEA, LA all acts on interest of end customers, who are in weak compare to the other party (companies..). Unfortunately CSE is incapable of developing such regulations to protect the weak party. CSE should be equipped with knowledgeable management to re-engineer its process and regulation. It would improve overall stock market as well. This is for consideration of relevant policy makers.

I am wondering whether manula getting private placement shares every time?

UKboy wrote:People are endlessly blaming regulators for the recent downward trend. Agreed they need to bit stronger than now but we cannt expect 100% perfect regulators at any market. A market with 100% perfect regulators would be similar to an old school class room.
Manipulators were in the market yesterday, they are in the market today and they will defiantly be in the market tomorrow. No regulator in this world can control the manipulation by 100%. NO CHANCE.
Before you again start blaming against Regulators & Manipulators, may I ask few questions from you?
If you can find a YES to any of these questions then I would surely come and join your campaign against regulators and manipulators.

Regarding Regulators.
1. Did regulators ask you to sell your shares and apply for IPOs?
2. Did regulators ask you to use your credit facility every month to the limit?
3. Did regulators ask you to follow broker advices all the time?
4. Did regulators ask you apply for overpriced IPOs?
5. Did regulators ask to buy junk shares like BINN? ( There are plenty other shares but its not the time to mention all as many of the retailers are already wounded badly)
6. Did regulators ask all CDS account holder to become traders?
7. Did regulators ask you to keep diversified sector P/E value over 25?
8. Did regulators ask you to go behind HNWIs?

Regarding Manipulators

9. Did they force you to follow them at 1st place?
10. Did they show a gun onto your forehead and ask you to buy the shares they bought?
11. Did they (some company directors) ask you to follow their purchases and buy the same share 20%+ over their purchased prices?
12. Can we call all the HNWIs are genuine?
13. If you missed the train, Did they ask you to join the train at its final destination?
14. Did manipulators make monies because of regulators?
15. Do you think insider trading is something new to market?

Please let me know if you can say yes to any of these?

Note: There are some other factors are also affecting the market but in this topic I would like to see comments only on regulators and manipulators.

Greedy is the way for lost , but just think if the regulators are also thinking in the way you are expressing ... . .

so they d just watch the game still we learn or Hoda Padamak Igena Gannakan , but at that time the reputation of all towards the CSE will be zero . then how will the story begins .

As a developing country new listing , IPOs means that more funds are pumped out for good future prospects , just an ex . VONE had money from IPO for a special hotel project in Negombo which will definitely attract fame and business to the country .
But it is important to note that funding to those should not demolish or destroy what currently we have .

Just think if ASI , MPI dipped so much more and all the foreigners, institutional buyers , retailers get lost their hope on CSE . . ...... So then how will CSE be able to fund an extremely good , profitable IPO .

And i d like to know from your aspect what are the duties of the regulators ?

comments appreciated , Thanks in Advance

sanjeewa88 wrote:Dear UKboy,

If you are correct actually we no need to have a SEC, even a government. Why big heads in SEC are paid in big figures. Please ask MR to close down it.

Have you ever seen there are several objectives of SEC.

The Commission's objects include:

1.The creation and maintenance of a market in which securities can be issued and traded in an orderly and fair manner

2. The protection of the interest of investors

3.The operation of a Compensation Fund to protect investors from financial loss arising as a result of any licensed stock broker or licensed stock dealer being found incapable of meeting his contractual obligations

4. The regulation of the securities market and to ensure that professional standards are maintained in such market.

Please go through the SEC web site and see what they are oblige do.

The USA SEC is well performed one. After the crisis they well regulated their capital markets. And took each and every steps to prevent the insider trading. As a result of this Raj is a prisoner there yet.

I'm not suffering too much by this downturn. But story of some guys are too sad.

SEC has the responsibility to correct this.

Well said sanjeewa88.+rep from me.

this is ridiculous. I never expected a post like this from you UKboy.

I also didn't apply for SHL, but it's their duty to ensure fair play in the market and IPOs. if they are sleeping when their attention is required, what else to other than blaming them.

they are the people who approved these over priced IPOs to come to the market, if they have told not to or counter suggested a fair price like 10/=for SHL then it would be fine.

This is a good time to discuss what western countries are doing to regulate their stock markets.

But we can't do what they are doing exactly, because we are too small to go for that much of level.

However we have a potential to go beyond the traditional leaps and bounds.

1. XBRL Filers-

All of us have limited sources to get data from PLCs except few big guys. Annual reports, quarterly issued reports, brokers valuations, news paper reports like that. But still gossips are the major.

We all have the problem of understanding all those as they are full of technical terms and messy information.

Ex Annual report of a commercial bank consist of 3-4 kinds of treasury bills in its balance sheet with different categories. ( Dealing securities, REPO, TB)

General public who are not familiar with this terms these may be a trouble.

XBRL filing system corrects this kind of problems by making simplicity.

To be continued.....

ukboy,

Yes, always buying /selling or hold decisions are ours. No question about it. Investor himself is responsible for a gain or a loss. But question here is quite difference. All stock market related Authorities organize seminars,workshop etc. and encourage not only high risk taking businessmen but also young people who are living in the rural area and employed in abroad to invest in share market. Organizers indicate that investment in shares is better than FD and also since SL became the Asia's best performer in 2010 risk involved is also minimal.They also explain about the roles of each organization related to share market and convince that investors are well look after by the system. That is why most youngsters came in to this business recently.But now what is happening? All new comers with lack of good experience expected everything would be managed properly and therefore no much harmful . They did not expected that decisions will be taken by the authorities (like Too much IPOs withig a limited period, Private placement at lower price and i IPO at a very much higher price ,price ban etc.)would be very much harmful to the share market. This is why ppl think that authorities are more responsible for their realized or unrealized losses.





l

Regulators are the people who changed the rules time to time creating doubts and unstability which led to exist of many investors. They are the people who allowed endless IPOs, rights issues, warrnts, and so on for every tom dick and harry at the end eat up the liquidity. Further to that highly overvalued IPOs and introductions to allow previous owners to sell their stake at will, which created panic among small investors. Now when the makert is diving deep down in red blood bath they are silent as if they expected this long time back. People should understand that stock market is one of the main indecators of a contry's progress which is carefully looked at by the foriegn investors before coming for FDIs, ventures, funds and so on. How can we stop blaming them?

tinyman wrote:this is ridiculous. I never expected a post like this from you UKboy.

I also didn't apply for SHL, but it's their duty to ensure fair play in the market and IPOs. if they are sleeping when their attention is required, what else to other than blaming them.

they are the people who approved these over priced IPOs to come to the market, if they have told not to or counter suggested a fair price like 10/=for SHL then it would be fine.

kotas sadaha mila palaka mandalayak? sahathika milak?

tinyman wrote:this is ridiculous. I never expected a post like this from you UKboy.

I also didn't apply for SHL, but it's their duty to ensure fair play in the market and IPOs. if they are sleeping when their attention is required, what else to other than blaming them.

they are the people who approved these over priced IPOs to come to the market, if they have told not to or counter suggested a fair price like 10/=for SHL then it would be fine.

Dear tinyman,

I’m extremely sorry if I make you upset. Whole point of add this topic is to let our small investors know that they cannot blame regulators for everything.
How many times they bought junks at top? They spoiled many many good counter prices. Do we really need to blame for regulators for all these? You decide.

Also remember Sri Lanka is a 3rd world country and no matter how we say, Money and power can play a major role at any governing body. It is virtually impossible to be 100% genuine.

ukboy

are u eyeing for the post of asst.vice president @SEC???

Whatever it is now the CSE is almost finished .Many people warned about the lack of confidence in SEC.They didn't listen.This talk is not new .This is continueing more than year.From the day this new SEc took over market turn back and going in revers.the damage is immense.This SEC very immature.That is the basic problem.

Best thing they can do for the country is leaving the position.Or authorities should send them somewhere and appoint new people as a confidence building measure.

uk boy

In a particular country ppl are not addicted to alcohol ,but some how they developed their lifestyles to use it frequently eventually .. then some get addicted

but the governors of this particular country thought . ..

PPl do know the harm of using alcohol , and the risk to their lives . so we dont need to bother about that . our people will learn in a day .. so they didnt made any actions to implement rules and they watched the drama ..

Then you can guess what might happen when the ppl get addicted and the rest of the story.

In this case also it is not only the person who get addicted to drugs do suffer but also his family , village , town and finally the country will get the bad effect. aint it?

So identifying it at the end is not the regulators duty , they should have concerned more on each and every aspect .

ike wise this same story is happening at CSE , but when the regulators identify it we will be in an utter pit crying help from foreigners to enter .

UKboy is correct we cannot blame the regulators or manipulators. Whatever regulations that are taking place will help the market in the long term. All the new IPO would boost the market capitalisation is the long term. As I see all the action taken by CSE is long term oriented.

Thus making our market more attractive to foreigners and making CSE in par with the other stock exchanges in the region.

Sorry to say this but it sounds like most of you guys are looking for a scapegoat for your own mistakes.

Investor99 wrote:UKboy is correct we cannot blame the regulators or manipulators. Whatever regulations that are taking place will help the market in the long term. All the new IPO would boost the market capitalisation is the long term.
Thus making our market more attractive to foreigners and making CSE in par with the other stock exchanges in the region.

Sorry to say this but it sounds like most of you guys are looking for a scapegoat for your own mistakes.

I do agree with you in that point our market will run great in future due to these new listing , as these PLC are well funded .

but the thing is they entered to the market by destroying the current prevailing conditions.

If the IPOs come one per month like under some regulations , with fair value the ASI , MPI will not dip this much. . so the world and ppl here will also believe that CSE is having enough funds even to go for IPOs , and will be confident enough

but now ppl has lost confidence, that is a bad image for Srilanka as its still climbing the begging of the ladder of success

There should be an intelligent way to do anything.
Even with good intention u can do lot of harm if u do not use correct methodology.
That is what lack in our regulators.

manula wrote:

mktgold wrote:Why regulators not keeping certain control over flooding IPO and Introduction offers. All we must know this Sri Lanka. Our market is very tiny market when compare with others. When new IPO or Introduction offers come to the market money is divided in to several shares. We have limited capital rotating in the market. So regulatory can take certain step to enter IPO and Introduction offers time by time without effecting present market. Now at once day by day IPO as well as Introduction offers. Market may go further down and ASI would not show the correct picture of the market bcos these some introduction offers boomed by 100 or 200 rupees by clear manipulation. eg. AFSL.

This will give wrong pictures to foreign investor about total overall market. Why not stopping this flood yet. Are they want crash the market like Bangaldesh?

for example .. as you mention why we went for the IPO.. no one has force you. same way no one told you to sell the secondary market shares to buy high priced IPO. many things can come to the market.. means it is not must to buy. yes.. money will be divided in to several shares.. so what the issue of this ??

Dear Manula U r talking about like a silly type argument. Any one can understand event expert brokers including regulatory control guys major reason for present market situation IPO's and Introduction offers. This is simple theory when there is a large bucket height of water level is going down. U cannot blame people for why they purchase IPO's. That is normally happens. That is nature.