The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Dividend Announcement
Yesterday at 9:26 pm by nihal123

» Thread for News on CSE and SL Economy
Yesterday at 8:52 pm by ruwan326

» SAMP.N0000 (SAMPATH BANK PLC)
Yesterday at 1:59 pm by LSE

» PLC.N0000 ( People's Leasing and Fiance PLC)
Yesterday at 11:15 am by Ethical Trader

» Happy Birthday
Wed Mar 20, 2019 5:31 pm by ruwan326

» අනං මනං! #/+?.<>
Wed Mar 20, 2019 1:14 pm by ruwan326

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Tue Mar 19, 2019 7:48 pm by smallville

» රෝගීන් වෙනුවෙන් කැප වන සෞඛ්‍ය සේවාවක් වෙනුවෙන්.....
Tue Mar 19, 2019 9:34 am by AjithR

» JEWS OF SRI LANKA: AN UNTOLD STORY
Tue Mar 19, 2019 9:22 am by කිත්සිරි ද සිල්වා

» How Small We are in the universe
Tue Mar 19, 2019 7:29 am by nihal123

» ඉස්සරහට අපි පරදින එකනම් ෂුවර් – ධම්මික ක්‍රිකට් ගැන කතා කරයි
Fri Mar 15, 2019 2:59 pm by nuwanmja

» HAYL.N0000 Hayleys PLC
Thu Mar 14, 2019 2:46 pm by yellow knife

» EAST WEST PROPERTIES PLC (EAST.N0000)
Thu Mar 14, 2019 10:57 am by slstock

» HNB.N0000 ( Hatton National Bank PLC)
Thu Mar 14, 2019 10:43 am by gTrade

» DFCC.N0000 ( DFCC BANK PLC )
Wed Mar 13, 2019 6:44 pm by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sun Mar 10, 2019 8:36 pm by NIRMALSG

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sun Mar 10, 2019 6:40 am by ruwan326

» Mobile Trading: the new BUZZ word in Capital Markets Industry!
Thu Mar 07, 2019 5:58 pm by Brenda John

» MGT.N0000
Sun Mar 03, 2019 2:48 pm by Hawk Eye

» MTD WALKERS - KAPI
Sun Mar 03, 2019 8:57 am by Jana1

» Should such people be trusted and help anymore?
Sun Mar 03, 2019 4:42 am by pjrngroup

» The messenger who couldn't deliver a message
Wed Feb 27, 2019 5:56 pm by Backstage

» SHL.N0000 (Softlogic Holdings PLC)
Wed Feb 20, 2019 8:23 am by ruwan326

» Importance of 2019 government budget
Tue Feb 19, 2019 12:13 pm by කිත්සිරි ද සිල්වා

» Emir of Qatar on a private visit to Sri Lanka till February 22
Tue Feb 19, 2019 11:19 am by Backstage

» දේවදත්තගෙන් අපායේ සිට මෛත්‍රී බුදුන් වහන්සේට එවන ලද ලිපිය...~~~
Fri Feb 15, 2019 8:24 am by ruwan326

» CONN.N0000
Wed Feb 13, 2019 8:09 pm by ruwan326

» SERV - The Kingsbury
Wed Feb 13, 2019 8:08 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Wed Feb 13, 2019 7:53 pm by ruwan326

» KVAL.N0000
Wed Feb 13, 2019 7:36 pm by ruwan326

» HAYC - Haycarb
Wed Feb 13, 2019 7:24 pm by ruwan326

» DIPD.N0000 (Dipped Products)
Wed Feb 13, 2019 7:22 pm by ruwan326

» මහජනතාව බල ගැන්වෙම්න් සිටී…
Tue Feb 12, 2019 8:23 pm by ruwan326

» VFIN - where the journey leads it?
Mon Feb 11, 2019 7:35 pm by ruwan326

» LFIN - LB Finance
Mon Feb 11, 2019 7:25 pm by ruwan326

» Sri Lanka urged to develop own narrative of China’s BRI
Mon Feb 11, 2019 2:50 pm by Backstage

» Wonder why men send photos of their genitals? Here are some theories
Mon Feb 11, 2019 11:01 am by Backstage

» Flying is the Safest mode of Transport
Sat Feb 09, 2019 8:12 am by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Thu Feb 07, 2019 2:24 pm by Ethical Trader

» Lanka named top tourist destination for 2016
Wed Feb 06, 2019 2:29 pm by කිත්සිරි ද සිල්වා

» A Bit of History
Wed Feb 06, 2019 2:18 pm by ruwan326

» AMF.N0000
Thu Jan 31, 2019 6:56 am by serene

» IOC Sri Lanka unit December quarter loss widens to Rs987mn
Mon Jan 28, 2019 11:02 am by ruwan326

» මූර්ත පොළියෙන් ශ්‍රී ලංකාව අංක 1ට – බ්ලූම්බර්ග් අනාවරණය කරයි
Mon Jan 21, 2019 7:18 pm by nihal123

» Obituary Notice.
Mon Jan 21, 2019 7:14 am by කිත්සිරි ද සිල්වා

» Trading Journal
Sun Jan 20, 2019 5:53 am by serene

» LDEV - Lankem Developments
Fri Jan 18, 2019 2:11 pm by ruwan326

» විශිෂ්ඨ සිල්ලර වෙළෙන්දෙකුගේ ජීවිත කතාව
Thu Jan 17, 2019 12:15 pm by Ethical Trader

» AAIC.N0000
Wed Jan 16, 2019 9:50 pm by serene

» இனிய பொங்கல்
Tue Jan 15, 2019 9:15 pm by nihal123

March 2019
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Thilak Karunaratne No More at SEC – Mangala Confirms

Go down

Thilak Karunaratne No More at SEC – Mangala Confirms

Post by nihal123 on Sat May 12, 2018 12:09 am

Minister of Finance and Mass Media Mangala Samaraweera today confirmed and said at that “Securities and Exchange Commission Chairman - Thilak Karunaratne is no more at SEC”.

Minister made this statement in response to a question raised by Ada Derana at a media briefing held today (10) and further confirmed that it has been proposed to appoint Ranel T. Wijesinghe as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC).

Speaking further on Minister’s response, Dr. R.H.S. Samaratunga, Secretary to the Ministry said that several approved appointment that should be effective would be announced as a media announcement by coming week.

http://www.adaderana.lk/index.php
nihal123
nihal123
Top contributor
Top contributor

Posts : 5368
Join date : 2014-02-24
Age : 53
Location : Waga

Back to top Go down

Re: Thilak Karunaratne No More at SEC – Mangala Confirms

Post by slstock on Mon May 14, 2018 11:48 am

There was lot of love and hate on Dr Karunaratne being head of SEC. Some well know big traders  ( of past government era) stopped trading after his appointment.

So technically this will be good news for some traders  to boost market.
 
But the real question was Thilak K a big all round success or failure ?

I know he was involved in some good acts such as  the

a) anti manipulator act
b) company financial results declaration in time
c) demutization/ revamping CSE


But the real situation is , Sri Lankan big traders/some companies  don t like moves like that so they can't play the games.  

Essentially  CSE was down for 3 years. Is somebody thinking it was totally Thilak K fault and he is relieved of such for that ? We know the  Government did nothing to boost CSE also . I really hope Thilak K won't be a total scapegoat for this mess and was relived for anything to do with that.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------
slstock
slstock
Veteran
Veteran

Posts : 5487
Join date : 2014-06-12

Back to top Go down

Re: Thilak Karunaratne No More at SEC – Mangala Confirms

Post by Ethical Trader on Mon May 14, 2018 6:30 pm

Thanks SLS for highlighting the performance of Thilak.

Yes, he has established good systems for the well being of the market, but market was in a downward trend.

No one can blame Thilak for the downward trend in the market. As far as I see three major reasons were behind the current downward trend;-

1. Increasing and volatile trends in interest rates. (When FD rates go up, naturally money is diverted to FDs and not to the CSE). Thilak had no control over it.

2. Constant doubts about the stability of the government and irresponsible utterances by politicians.Thilak had no control over it.

3. Constant selling by HNWIs (who never appreciated his work) after Thilak was made the Chairman . Once they forced him out with the help of corrupt politicians. It was the foreign investors who kept the market running at current levels. In fact, appointment of Thilak increased the confidence of Foreign Investors. Thilak had no control over heavy local selling.

If Thilak was removed unceremoniously by the current Minister due to the downward trend of the market, its another bullish it decision. I do not see any scientific basis for that decision. The Minister must explain the rationale behind his decision.

ඒක හරියට පය බරවායට පිටිකර බෙහෙත් බැන්දා වගෙයි.
Ethical Trader
Ethical Trader
Top contributor
Top contributor

Posts : 4980
Join date : 2014-02-28

Back to top Go down

Re: Thilak Karunaratne No More at SEC – Mangala Confirms

Post by slstock on Tue May 15, 2018 10:01 am

Ethical Trader wrote:Thanks SLS for highlighting the performance of Thilak.

Yes, he has established good systems for the well being of the market, but market was in a downward trend.

No one can blame Thilak for the downward trend in the market. As far as I see three major reasons were behind the current downward trend;-

1. Increasing and volatile trends in interest rates. (When FD rates go up, naturally money is diverted to FDs and not to the CSE). Thilak had no control over it.

2. Constant doubts about the stability of the government and irresponsible utterances by politicians.Thilak had no control over it.

3. Constant selling by HNWIs (who never appreciated his work) after Thilak was made the Chairman . Once they forced him out with the help of corrupt politicians. It was the foreign investors who kept the market running at current levels. In fact, appointment of Thilak increased the confidence of Foreign Investors. Thilak had no control over heavy local selling.

If Thilak was removed unceremoniously by the current Minister due to the downward trend of the market, its another bullish it decision. I do not see any scientific basis for that decision. The Minister must explain the rationale behind his decision.

ඒක හරියට පය බරවායට පිටිකර බෙහෙත් බැන්දා වගෙයි.


ET yes, I too would like to know why Thilak k was removed.
Most of the point you made are true.

But one thing is , Thilak K  tried to fix more fundamental issues at CSE.

But I feel he should have also made effort to do something practically to make market more active with the help of CSE head.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------
slstock
slstock
Veteran
Veteran

Posts : 5487
Join date : 2014-06-12

Back to top Go down

Re: Thilak Karunaratne No More at SEC – Mangala Confirms

Post by Ethical Trader on Tue May 15, 2018 12:48 pm

True. If the Minister keeps quiet of his action, its very appropriate for Thilak to explain what went wrong during his tenure or what was the reason for his removal.
Ethical Trader
Ethical Trader
Top contributor
Top contributor

Posts : 4980
Join date : 2014-02-28

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum