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
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule 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
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Historic Sri Lanka listed oil palm firms to go private after interventionist rule 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

4 posters

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Sriranga
    Sriranga
    Veteran
    Veteran


    Posts : 3226
    Join date : 2014-02-23
    Location : Colombo

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule Empty Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Post by Sriranga Tue May 06, 2014 10:50 am

    May 06, 2014 (LBO) - Sri Lanka listed palm oil plantations in East Asia that date back to the British Colonial period are on track to be de-listed following an interventionist rule requiring a minimum 'public float'.

    Shalimar (Malay), Selinsing, Good Hope and Indo Malay, were companies set up in then Ceylon to raise capital to start plantations in Malaysia at a time when plantations stock was traded in Colombo and it was a fledgling financial centre in Asia.

    The firms are part of Sri Lanka's Carson Cumberbatch group, itself a British Colonial-era firm that served the plantations sector.

    Sri Lanka introduced a 25 percent minimum public float rule for main board companies in last December.

    The oil palm firms have been on a private path for some time.

    Chairman H Selvanathan said the parent company had earlier made a voluntary offer to buy out minority shareholders and continued to pick up shares after that.

    "..[T]he majority shareholder does not have any intention of diluting its holding nor does the Company intend to issue further shares in order to conform to the said Rule, and as such the Company is considering the option of de-listing from the Colombo Stock Exchange which would be done in consultation with the Regulator and required shareholder approval," he said in the annual reports of the companies.

    Sri Lanka's Securities and Exchange Commission brought the rules following pressure interventionists who wanted to force companies to maintain what is called a 'minimum public float'.

    Critics say the collective-punishment style rules were originally pushed by European interventionists as a solution to tackle collusive market behavior in illiquid companies, though it is not known which percentage of a company actually discourages such behavior.

    Stock manipulations usually happen during credit bubbles, when low interest rates persist and worsen when rates are kept down through state interventions.

    There is also quicker price discovery in liquid shares.

    Regulators around the world have picked various percentages ranging from 10 to 25 percent as the so-called minimum public float, where non public shareholders are the key promoters of a firm.

    Further underlining the subjective nature of such percentages, India brought rules in 2010 where state companies have 10 percent floor, compared to 25 percent for others.

    There are also quantity rules, where larger firms are allowed to have lower 'public floats'. Sri Lanka's tiny bourse has a minimum quantity rule of 5 billion rupees, about half that of the New York stock exchange.

    Countries like the US and UK, also have smaller stock exchanges that firms can move to when they fall beneath the minimum public float but Sri Lanka has only one stock exchange.

    It however has a lower limit of 10 percent for its second board.

    The negative outcome of such rules are that well-managed firm that give steady dividends are pushed out of the market despite the availability of investors who are prepared to hold on to illiquid shares out of free choice.
    http://www.lankabusinessonline.com/news/historic-sri-lanka-listed-oil-palm-firms-to-go-private-after-interventionist-rule/726059176


    _________________
    "Investing is easy to learn, but it takes a lifetime to master."
    avatar
    yellow knife
    Top contributor
    Top contributor


    Posts : 6980
    Join date : 2014-03-27

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule Empty Re: Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Post by yellow knife Tue May 06, 2014 11:38 am

    one bad decision from SEC
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule Empty Re: Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Post by Backstage Tue May 06, 2014 11:50 am

    yellow knife wrote:one bad decision from SEC

    Carsons planned the de listing long before the min float rule.
    avatar
    rainmaker


    Posts : 132
    Join date : 2014-03-15

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule Empty Re: Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Post by rainmaker Tue May 06, 2014 2:50 pm

    What's the point of having a firm where only a handful of trades occur each year?

    Sriranga
    Sriranga
    Veteran
    Veteran


    Posts : 3226
    Join date : 2014-02-23
    Location : Colombo

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule Empty Re: Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Post by Sriranga Tue May 06, 2014 2:55 pm

    rainmaker wrote:What's the point of having a firm where only a handful of trades occur each year?


    Yes you got a point.

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule List10
    http://www.cse.lk/pdf/Section11_Fees.pdf


    _________________
    "Investing is easy to learn, but it takes a lifetime to master."
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    Historic Sri Lanka listed oil palm firms to go private after interventionist rule Empty Re: Historic Sri Lanka listed oil palm firms to go private after interventionist rule

    Post by Backstage Tue May 06, 2014 3:14 pm

    Now it is going to be interesting to see how much they offer and how KC Vigna will react to the price.  Cool 

      Current date/time is Mon Jul 22, 2024 7:21 pm