Gota's Era

[yellow knifeTop contributor]

We have hopes...Like many had during YPs era.

This will be almost a diary which I intend to keep CSE activities during the new era.

For the second day I read the same in Mirror Business.. 

Shares hit over 1 year high, rupee up as Rajapaksa assumes duties...

Will this honey-moon remain for the era.. First Hopes jump high before the reality move slowly.. 

Let me first show the embryo stage of the new era...





But one should be mindful of that fact that foreign investors exodus has not reversed though locals move up with very high hopes..


 

Date	ASI	News
30-Sep-19	5738.24	Gotabaya to Face Courts on Citizenship
1-Oct-19	5737.59
2-Oct-19	5697.93	First Hearing of Gota Citizen issue
3-Oct-19	5,677.50
4-Oct-19	5689.9	Gota case dismissed
7-Oct-19	5,710.21	Nominations Finallised
8-Oct-19	5,738.90
9-Oct-19	5,809.59	SLFP support Gota
10-Oct-19	5,814.44
11-Oct-19	5,834.66	Elpitiya won by Gota
14-Oct-19	5,870.09
15-Oct-19	5,835.12
16-Oct-19	5,836.62
17-Oct-19	5,860.09
18-Oct-19	5,863.48
21-Oct-19	5,865.75
22-Oct-19	5,880.40	In US a case against Gota Dismissed
23-Oct-19	5,891.98
24-Oct-19	5,920.43
25-Oct-19	5,943.60
28-Oct-19	5,949.68
29-Oct-19	5,964.25
30-Oct-19	5,961.87
31-Oct-19	5,990.24
1-Nov-19	6,032.08
4-Nov-19	6,010.18
5-Nov-19	5,993.66
6-Nov-19	5,956.52	Sajith gets TNA support
7-Nov-19	5,932.07
8-Nov-19	5,954.62
13-Nov-19	5,981.51
14-Nov-19	5,980.28
15-Nov-19	6,022.57	Pre Election Date
18-Nov-19	6,135.77	Gota Won
19-Nov-19	6,146.20	Gota Assume Duties

[කිත්සිරි ද සිල්වාTop contributor]

Good initiative and thanks.
We will be adding our two cents from time to time to spice up the conversation.
I think we should give him some space and time to breath as well.

We have hopes...Like many had during YPs era.

This will be almost a diary which I intend to keep CSE activities during the new era.

For the second day I read the same in Mirror Business.. 

Shares hit over 1 year high, rupee up as Rajapaksa assumes duties...

Will this honey-moon remain for the era.. First Hopes jump high before the reality move slowly.. 

Let me first show the embryo stage of the new era...





But one should be mindful of that fact that foreign investors exodus has not reversed though locals move up with very high hopes..


 

[size=13][b]Date[/b][/size]	[size=13][b]ASI[/b][/size]	[size=13][b]News[/b][/size]
[size=13]30-Sep-19[/size]	[size=13]5738.24[/size]	[size=13]Gotabaya to Face Courts on Citizenship[/size]
[size=13]1-Oct-19[/size]	[size=13]5737.59[/size]
[size=13]2-Oct-19[/size]	[size=13]5697.93[/size]	[size=13]First Hearing of Gota Citizen issue[/size]
[size=13]3-Oct-19[/size]	[size=13]5,677.50[/size]
[size=13]4-Oct-19[/size]	[size=13]5689.9[/size]	[size=13]Gota case dismissed[/size]
[size=13]7-Oct-19[/size]	[size=13]5,710.21[/size]	[size=13]Nominations Finallised[/size]
[size=13]8-Oct-19[/size]	[size=13]5,738.90[/size]
[size=13]9-Oct-19[/size]	[size=13]5,809.59[/size]	[size=13]SLFP support Gota[/size]
[size=13]10-Oct-19[/size]	[size=13][b]5,814.44[/b][/size]
[size=13]11-Oct-19[/size]	[size=13][b]5,834.66[/b][/size]	[size=13]Elpitiya won by Gota[/size]
[size=13]14-Oct-19[/size]	[size=13]5,870.09[/size]
[size=13]15-Oct-19[/size]	[size=13]5,835.12[/size]
[size=13]16-Oct-19[/size]	[size=13]5,836.62[/size]
[size=13]17-Oct-19[/size]	[size=13][b]5,860.09[/b][/size]
[size=13]18-Oct-19[/size]	[size=13][b]5,863.48[/b][/size]
[size=13]21-Oct-19[/size]	[size=13]5,865.75[/size]
[size=13]22-Oct-19[/size]	[size=13]5,880.40[/size]	[size=13]In US a case against Gota Dismissed[/size]
[size=13]23-Oct-19[/size]	[size=13]5,891.98[/size]
[size=13]24-Oct-19[/size]	[size=13]5,920.43[/size]
[size=13]25-Oct-19[/size]	[size=13]5,943.60[/size]
[size=13]28-Oct-19[/size]	[size=13]5,949.68[/size]
[size=13]29-Oct-19[/size]	[size=13]5,964.25[/size]
[size=13]30-Oct-19[/size]	[size=13]5,961.87[/size]
[size=13]31-Oct-19[/size]	[size=13]5,990.24[/size]
[size=13]1-Nov-19[/size]	[size=15][b]6,032.08[/b][/size]
[size=13]4-Nov-19[/size]	[size=13]6,010.18[/size]
[size=13]5-Nov-19[/size]	[size=13][b]5,993.66[/b][/size]
[size=13]6-Nov-19[/size]	[size=13]5,956.52[/size]	[size=13]Sajith gets TNA support[/size]
[size=13]7-Nov-19[/size]	[size=13]5,932.07[/size]
[size=13]8-Nov-19[/size]	[size=13]5,954.62[/size]
[size=13]13-Nov-19[/size]	[size=15][b]5,981.51[/b][/size]
[size=13]14-Nov-19[/size]	[size=13]5,980.28[/size]
[size=13]15-Nov-19[/size]	[size=13]6,022.57[/size]	[size=13]Pre Election Date[/size]
[size=13]18-Nov-19[/size]	[size=15][b]6,135.77[/b][/size]	[size=13]Gota Won[/size]
[size=13]19-Nov-19[/size]	[size=15][b]6,146.20[/b][/size]	[size=13]Gota Assume Duties[/size]

[yellow knifeTop contributor]

Yes... This kind of a diary can be useful for all opposition members than those in power. Yet keeping a diary is always good.

[slstockVeteran]

From what you wrote and how wrote it within past month or so , I had
the distinct feeling you were rooting/campaining for a Gota Government.  
( ofcourse  YP/UNP didn't do anything much for the economy or for CSE .
Issue we all need to accept)


But this thread, shows me you are the usual YK more balanced I knew.
Well done.  This thread is useful and will be great to keep track whether
Gota can deliver what he promised.  

I hope Gota   does keep his words and achieve something out of the
ordinary  for the sake of my/our country. I also hope he gets rid of the bad
eggs on his aide list and improve more " public freedom "and non influence
to justice, taking a note from MR last regime which failed.

Keep going.

[yellow knifeTop contributor]

Thanks SLS..and Kith

Impartial data will force those in Government to govern well and will strengthen the opposition with right fuel.

[ruwan326]

ජනපති කාර්ය මණ්ඩලය 2500 සිට 250ට අඩු කිරීමට ජනපතිගෙන් උපදෙස්


ජනාධිපති කාර්යමණ්ඩලය 250 දක්වා අඩු කරන ලෙස ජනාධිපති ගෝඨාභය රාජපක්‍ෂ මහතා ඊයේ (19දා) නියෝග කර තිබේ.

මේ වනවිට ජනාධිපති කාර්යමණ්ඩලයට 2,500කට ආසන්න පිරිසක් සිටින බවට වාර්තා වේ.

එම පිරිස 250 දක්වා අඩු කිරීමට අවශ්‍ය ක්‍රියාමාර්ග ගන්නා ලෙස ගෝඨාභය රාජපක්‍ෂ මහතා විසින් ජනාධිපති ලේකම් පී.බී. ජයසුන්දර මහතාට උපදෙස් ලබාදී ඇත.

මෙම කාර්යමණ්ඩල සාමාජිකයන් විසින් රුපියල් බිලියන 30ක ව්‍යාපෘති පිළිබඳ සොයා බැලීමට යොදවා තිබෙන අතර, මෙම ව්‍යපෘති ප්‍රමාණය අඩු කර ගැනීමට අවශ්‍ය වාර්තා තමාට ලබාදෙන ලෙසද ජනාධිපතිවරයා දැනුම්දී තිබේ.

මේ අතර අමාත්‍යාංශවල රාජ්‍ය ලාංඡනය පමණක් ප්‍රදර්ශනය කරන ලෙස දක්වමින් අද (20දා) දිනයේදී සියලු අමත්‍යාංශ වෙත චක්‍රලේඛයක් නිකුත් කරන ලෙසද ගෝඨාභය රාජපක්‍ෂ මහතා උපදෙස් ලබාදී ඇත.


http://www.ada.lk/breaking_news/

[yellow knifeTop contributor]

These kind of qualitative activities were initiated by YPs like signing with a ball-point pen and ending up with nice Palaces and Vehicles ...

However certain activities of Gota as Prez cannot be easily reversed. For an example replacing photo with logo..

Lets keep adding qualitative and quantitative actions and keep the thread live as a Mirror In front of Gota.

Thanks Ruwan

[mymoney]

National security is ensured with President Gotabhaya, Defense Secretary - Kamal Gunaratne , Army Commander - Shavendra Silva .

[BackstageTop contributor]

My not so educated opinion.
After CB's mismanagement of currency 2017 to early 2018, recovery in economy and CSE was starting in Oct 2018. Sirisena/MR coup halted that, again in March 2019 the recovery was back on track, then Easter bombs. Since the broader trend was intact, with 3 successful harvest, reservoir capacity .lower oil prices and Fed easing rates. Consumer purchasing power, (which was predicted in 2018) Remittances and Tourism earnings were recovering, though slowed down by Bombs. Political / policy instability and the inefficient paralysis of the YP regime made even more dysfunctional after October fiasco, were the key dampeners of investor sentiment in the CSE and the Bond market. Quite naturally market viewed elections as the game changer and started rising after nominations. Since there are Gota’ connected market players and companies, they obviously reacted to the changing fortunes of Gota. If Sajith won the market would have dipped and later recovered in line with the broader trend, and if he restored policy stability, the trend would have continued albeit slower than what’s up ahead now.
Economic cycle and political cycle changing at the same time is the perfect storm for Gota’ and CSE. I expect China to open up the BRI tap to turbo charge the SL economy in 2020. If the tax cuts , loan moratorium and Institutional investing in CSE as outlined by Cabrall are carried out, put your seatbelts on. Gota’ has arrived at the right place at the right time, how he will handle it is left to be seen. Besides ,I suspect that it will be a more MR/Basil regime than a Gota’ one.
Us battered investors will get a chance to recover, I only hope that we will have a less fractured population at the end of it or that will be the Black Swan of the future. If geopolitical realities are not handled with suave diplomacy, sophisticated trouble makers will send us back to square one. I think the handful of intellectuals in the Pohottuwa camp are aware of this. But will they have the ability to control the rabble rouses , narrow minded racist and the opportunist who are teeming in that camp? I certainly hope so. This kind of a mandate gives one a chance (as at the end of the war) to do serious reforms in the State sector. Reforms will be painful for some on the short term but an absolute necessity . Good luck Team Gota !

[slstockVeteran]

Not so educated opinion  !!!! Got to be kidding me.


This one of the  the best summarized comments/opinions I read in a while.
Your grasp of what happened since Oct 2018 is on spot.

Fantastic.

ps :

a) I would give you a +3 reps if I could. I can give 1 only.
b) stop under-estimating your ability and trying to be humble

c) Yes , I feel too this can be  more of a MR/Basil show than Gota.  
But Gota needs to develop his identity and voice now as he is the
President  and people placed their faith on him to make positive changes.
Basil is not a people favorite.  If Gota does what what Mr 10% want,
god bless us. Ranil will  be rubbing  his hands eagerly too.

Hope Gota won't let the public trust down.

My not so educated opinion.
After CB's mismanagement of currency 2017 to early 2018, recovery in economy and CSE was starting in Oct 2018. Sirisena/MR coup halted that, again in March 2019 the recovery was back on track, then Easter bombs. Since the broader trend was intact, with 3 successful harvest, reservoir capacity .lower oil prices and Fed easing rates. Consumer purchasing power, (which was predicted in 2018) Remittances and Tourism earnings were recovering, though slowed down by Bombs.  Political / policy instability and the inefficient paralysis of the YP regime made even more dysfunctional after October fiasco, were the key dampeners of investor sentiment in the CSE and the Bond market. Quite naturally market viewed elections as the game changer and started rising after nominations. Since there are Gota’ connected market players and companies, they obviously reacted to the changing fortunes of Gota. If Sajith won the market would have dipped and later recovered in line with the broader trend, and if he restored policy stability, the trend would have continued albeit slower than what’s up ahead now.
Economic cycle and political cycle changing at the same time is the perfect storm for Gota’ and CSE. I expect China to open up the BRI tap to turbo charge the SL economy in 2020.  If the tax cuts , loan moratorium and Institutional investing in CSE as outlined by Cabrall are carried out, put your seatbelts on. Gota’ has arrived at the right place at the right time, how he will handle it is left to be seen. Besides ,I suspect that it will be a more MR/Basil regime than a Gota’ one.
Us battered investors will get a chance to recover, I only hope that we will have a less fractured population at the end of it or that will be the Black Swan of the future. If geopolitical realities are not handled with suave diplomacy, sophisticated trouble makers will send us back to square one. I think the handful of intellectuals in the Pohottuwa camp are aware of this. But will they have the ability to control the rabble rouses , narrow minded racist and the opportunist who are teeming in that camp? I certainly hope so. This kind of a mandate gives one a chance (as at the end of the war) to do serious reforms in the State sector. Reforms will be painful for some on the short term but an absolute necessity .  Good luck Team Gota !

[BackstageTop contributor]

He he.. SLS you flatter me. You see I don't back up my case with facts and figures as I am a lazy old guy. I don't go too in depth into anything as I like to free up capacity to do absolutely nothing, the hardest thing to do. Jack of all trades master of none. O'level failure. I have no illusions about my capabilities. Maybe a bit more observant than the average that's all.

[slstockVeteran]

He he.. SLS you flatter me. You see I don't back up my case with facts and figures as I am a lazy old guy. I don't go too in depth into anything as I like to free up capacity to do absolutely nothing, the hardest thing to do. Jack of all trades master of none. O'level failure. I have no illusions about my capabilities. Maybe a bit more observant than the average that's all.  

1) And like I said, you should not underestimate your capacity/capabilities.
  That how one becomes an underachiever.  ( I have personal experience)
You have capabilities. Period.

2)  Sadly some people overestimate it and then becomes full of ego and
conceit and become a pain to society. That's the other  extreme.


3) But yes you are lazy bum     and due to your laziness and
you do not contribute   to issues when it matters.


4)  I flatter when a person deserves such. And batter too if they go rogue

[yellow knifeTop contributor]

Shares edge down on profit taking: Rupee ends higher..Reuters

[කිත්සිරි ද සිල්වාTop contributor]

Just curious only, what will happen to the remaining 2250 staff?

ජනපති කාර්ය මණ්ඩලය 2500 සිට 250ට අඩු කිරීමට ජනපතිගෙන් උපදෙස්

ජනාධිපති කාර්යමණ්ඩලය 250 දක්වා අඩු කරන ලෙස ජනාධිපති ගෝඨාභය රාජපක්‍ෂ මහතා ඊයේ (19දා) නියෝග කර තිබේ.

[yellow knifeTop contributor]

Backstage writes

Gota’ has arrived at the right place at the right time,

YPs got very much a better chance than MR.. I often use charts. MR had the worst era.. He had to face Great Depression of 2008 along with the last Elam war. He had to face longest oil rally.

What has YPs got?.. The best era to run a country but they failed to pick the fruits..


MR took power in 2004 and left office in December 2014.. Just check the oil price during that decade..

[කිත්සිරි ද සිල්වාTop contributor]

No doubt NATO boys have proved again and again that they are nothing but NATO boys only.
Love to know your opinion on bringing in Jayasundara into the inner circle.

Backstage writes

Gota’ has arrived at the right place at the right time,

YPs got very much a better chance than MR.. I often use charts. MR had the worst era.. He had to face Great Depression of 2008 along with the last Elam war. He had to face longest oil rally.

What has YPs got?.. The best era to run a country but they failed to pick the fruits..


MR took power in 2004 and left office in December 2014.. Just check the oil price during that decade..

[yellow knifeTop contributor]

These are the positive news...I can remember these kind of nice to hear news was there when MS was elected in the first few months...

ජනපති සියල්ල වෙනස් කරයි.. මුල්ම විදේශ සංචාරයට 10කට අඩු පිරිසක්.. ඥාතීන් මිතුරන් කිසිවෙකු නෑ.. අවශ්‍ය අය පමණයි..

ජනාධිපති ගෝඨාභය රාජපක්ෂ මහතා තම මුල්ම නිල විදේශ සංචාරය ඉන්දියාවට සිදු කිරීමට යෝදාගෙන තිබේ.ඉන්දීය අග්‍රාමාත්‍ය

ජනපතිගෙන් තවත් නියෝගයක්.. සියලුම අමාත්‍යාංශ ලේකම්වරුන්, ප්‍රධාන ලේකම්වරුන් හා ආණ්ඩුකාරවරුන්ට නැවත දැනුම් දෙනතුරු විදේශ සංචාර තහනම්..

සියලුම අමාත්‍යාංශ ලේකම්වරුන්, ප්‍රධාන ලේකම්වරුන් හා ආණ්ඩුකාරවරුන්ට නැවත දැනුම් දෙනතුරු විදේශ සංචාර අත්හිටුවා තිබේ

[yellow knifeTop contributor]

Three days passed after Gota becoming President and this is GOTA AT CSE

1. Trading volumes and Turnover has increased substantially.




2. ASI was on positive note for two days and a marginal drop on 3rd day




3. The alarming factor is Exodus of Foreign Investors. ..



Yet the microscopic view shows some interests on certain counters.

Estimated net foreign buying topped in DIAL.N LKR 48.9mn (USD 273k). Estimated net foreign selling topped in JKH.N LKR 488.8mn (USD 2,727k). Retail activity was witnessed in counters such as LIOC.N, AEL.N, and MGT.N.

[yellow knifeTop contributor]

Kith asked

Love to know your opinion on bringing in Jayasundara into the inner circle

Fact discussed about him

Removal from public office

In 2008, he was found guilty by the Supreme Court of Sri Lanka of a violation of procedure in the awarding of a large contract for the expansion of the Port of Colombo. The court barred him from holding any public office. As a result, he resigned from all public offices he held at the time.

But he was reappointed by MR and the era of HIM before MR is questionable...

However it seems he has learnt the lessons after that..

[කිත්සිරි ද සිල්වාTop contributor]

This guy just keeps coming back is worrisome.
Going to Anuradhapura to sworn in is a bad move is in my opinion but as I said somewhere before, let's give him time to settle down and take his bearings

Kith asked

Love to know your opinion on bringing in Jayasundara into the inner circle

Fact discussed about him

Removal from public office

In 2008, he was found guilty by the Supreme Court of Sri Lanka of a violation of procedure in the awarding of a large contract for the expansion of the Port of Colombo. The court barred him from holding any public office. As a result, he resigned from all public offices he held at the time.

But he was reappointed by MR and the era of HIM before MR is questionable...

However it seems he has learnt the lessons after that..

[ruwan326]

ගනන්කරලා 999ක් මරපු අහිංසකත් අරිහත් වුන එකේ රාජපස්සලත් හරි මගට එන්න සම්භාවිතාවක් නැතුවාම නොවේ ..........

[BackstageTop contributor]

Backstage writes

Gota’ has arrived at the right place at the right time,

YPs got very much a better chance than MR.. I often use charts. MR had the worst era.. He had to face Great Depression of 2008 along with the last Elam war. He had to face longest oil rally.

What has YPs got?.. The best era to run a country but they failed to pick the fruits..


MR took power in 2004 and left office in December 2014.. Just check the oil price during that decade..

YK my post was not YP vs Rajapakse, I will leave that stuff to school boys who haven't quite grown up. I could write a scathing critique of YP period beginning with the 100 day program, but I was giving in brief my view of current situ as topic suggested.

2015 was a missed opportunity, definitely. But I think 2010 was the biggest miss. Lets see what happens to this one.

[ruwan326]

A new president heralds a return to stability and growth in Sri Lanka
Sri Lankan equities at 10-year low valuations offer opportunity for capital gains

20 November 2019






The election of Gotabhaya Rajapaksa as President of Sri Lanka is expected to launch a new economic cycle for Sri Lanka. A victory margin of 10 percent reflects the confidence in him as an effective leader, who had already delivered peace by winning a 25-year-old civil war and transforming Colombo into one of South Asia’s most beautiful cities, to unleash a tourism boom.
The Rajapaksa election is significant for the return of investor confidence after a string of failures and poor market performance during the previous administration.


Sri Lanka’s growth story began with peace in 2009, followed by long overdue infrastructure investment to develop ports, freeways and power projects that boosted GDP growth to above 6 percent. Although, most projects were debt financed, the return on investment (ROI) on infrastructure was mostly positive.


Tourism boomed from 0.45 million arrivals in 2009 to 2.33 million in 2018. Sri Lanka’s country risk rating was upgraded twice from ‘B’ in 2007 to ‘BB-’ in 2011. Sri Lanka’s stock market price-to-earnings (P/E) ratio of 7.2 when the war ended in May 2009, reached a peak of 29.53 times in February 2011, while the Indian Bombay Stock Exchange (BSE) P/E ratio was only 19.92 times.




Economic downturn over last few years
In 2015, following the election of a new leadership, Sri Lanka moved away from ‘investment-led growth’ economics to ‘inflation targeting’, with high tax and high interest rate, under the International Monetary Fund austerity measures. Foreign investments dried up following the infamous ‘bond scam’.

More.....
http://www.dailymirror.lk/features/A-new-president-heralds-a-return-to-stability-and-growth-in-Sri-Lanka/185-178135?fbclid=IwAR2HiR0kD9s5ssZS6xBisjC3ZiTkHAs-9hLfvWdaL6tovw9XpPpj_NOLH04

[yellow knifeTop contributor]

Shares end flat: rupee falls: all eyes on new govt. policies.

Reuters.

The alarming signal is blowing by foreign investors. The total outflow from the equities market to Rs 9.2 Billion for the year.
foreigners were net sellers for the 11 the straight session yesterday.

[කිත්සිරි ද සිල්වාTop contributor]

High indexes and turnover may make a few happy now but appointing two crooks to key positions and sending key police officers away from active duty look like repeat performance only.