The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
De-listing not the answer to Sri Lanka companies below 20-pct public float EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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

3 posters

    De-listing not the answer to Sri Lanka companies below 20-pct public float

    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    De-listing not the answer to Sri Lanka companies below 20-pct public float Empty De-listing not the answer to Sri Lanka companies below 20-pct public float

    Post by Backstage Tue Jun 09, 2015 1:22 pm

    De-listing not the answer to Sri Lanka companies below 20-pct public float: official
    Jun 08, 2015 12:54 PM GMT+0530 | 0 Comment(s)

    COLOMBO (EconomyNext) - Sri Lanka's Colombo Stock Exchange will not force companies to de-list if they fail to meet a 20 percent minimum public float requirement newly imposed by regulator, a top official said.

    The coercive rules advocated by interventionists, which critics say are tighter than several developed markets especially in the US, are due to come on line next year.

    "If they do not conform, they would probably be given a little more time to come up with a plan," CSE Chief Executive Rajiva Bandaranaike said.

    "De-listing itself would not be an answer, for the simple reason that there are shareholders, and it may not be advisable for companies to de-list merely for that reason."

    He was responding to questions at a recent press briefing.

    "We are actively engaging listed companies on how they can conform to the minimum public float requirement," Bandaranaike said.

    "We are talking to them right now, the regulator is talking to them, so as to arrive at conformity or compliance with the rules."

    The rules were imposed before Bandaranaike took-over as Chief Executive, following a process of public consultation.

    Critics say the even New York Stock Exchange's continuing listing criteria (Rule 802.1A) for distribution is less stringent than that of Sri Lanka's.

    At NYSE Euronext a company's free float can be less than 5 percent of market cap if the volume is greater than 5 million Euros.

    Some of Sri Lanka's large companies, including multi-nationals have small public floats by percentage but the total volume is equal to several of listed companies put together.

    Analysts say big companies are large, because they do certain things right over long periods and can also withstand economic shocks over time, and listing them even with a smaller public float should be encouraged.

    At the Hong Kong Stock Exchange a large company can even go for an Initial Offer with a 15 percent public float if the total market capitalization is high.

    Freedom advocates say most draconian interventionist rules usually originate in Europe, which are followed by control-happy jurisdictions elsewhere. However the opposite does not happen especially in developing markets.

    Europe has also take longer to recover from the last burst credit bubble than the US due to many regulations, classical economists have pointed out.

    Unlike in countries like the US, there are no other regional stock markets in Sri Lanka for de-listed companies to move to. There are also no over- the-counter trading boards.

    Instead analysts say Sri Lanka should discontinue the All Share Price Index as soon as possible, create a different benchmark index using the public float as one criteria if necessary, and a separate second board index like other markets.

    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    De-listing not the answer to Sri Lanka companies below 20-pct public float Empty Re: De-listing not the answer to Sri Lanka companies below 20-pct public float

    Post by කිත්සිරි ද සිල්වා Tue Jun 09, 2015 9:05 pm

    Good one & Thanks Back. Very Happy
    (Wondering how did I miss this earlier).
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    De-listing not the answer to Sri Lanka companies below 20-pct public float Empty Re: De-listing not the answer to Sri Lanka companies below 20-pct public float

    Post by First Guy Tue Jun 09, 2015 10:52 pm

    Parents would rather buy back the remaining shares from the minorities instead of diluting their stake.

    But cases like SFCL should not be allowed in my opinion.

      Current date/time is Mon Oct 07, 2024 5:44 pm