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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka: Stock Market - Blood Bath on First Day of Ranil's fourth Term lead UNP Government - over 500,000 Investors are awaiting Rs.500,000 per investor Margin Trading promise given in UNP Manifesto amounting to over Rs.250 Billion

Sri Lanka: Stock Market - Blood Bath on First Day of Ranil's fourth Term lead UNP Government - over 500,000 Investors are awaiting Rs.500,000 per investor Margin Trading promise given in UNP Manifesto amounting to over Rs.250 Billion

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DealKing

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The first Monday of UNP Lead Ranil Wickremesinghe's fourth government recorded a 'Massive' collapse so far at 1.23 p.m. on Monday the 24th August 2015, just before a hour till market close.Analysts said investors started to shed their investments like 'Hell Game' or whilst behaving in CSE like in a 'Gambling Spot' cutting their investments short.

Meanwhile Presently sworn in Prime Minister Ranil Wickrmesinghe has already promised on the Page 10 (Sinhala Language Version) of United National Party (UNP) lead United National Front for Good Governance' (UNFGG) Manifesto that each Small investor in Colombo Stock Exchange will be given Rs.500,000 to trade on Colombo Stocks via Margin Trading Facilities.And some market analysts said that small investors are thus planning to buy stocks at huge discounts whilst they will be framed in 'Margin Trading Fiasco' where as Sri Lankan Stock Brokering houses and Margin Trading Providers are charging over 16% to 31% per annum as Margin Trading Interest.

Some market insiders told that it is possible that Perpetual Holdings a unit owned by Ranil Wickremesinghe appointed Central Bank Governor Arjuna Mahendran's Son-In-Law Arjun Aloysius who has become the 'Bond Emperor' of Sri Lanka in less that 8 months in year 2015 will soon venture into Margin Trading Business providing Margin facilities via a new 'Perpetual Company' in which thousands of small investors will be given Rs.500,000 margin trading facilities for each account. Some insiders also said that Arjun Aloysius is also looking out to acquire a Stock Brokerage or to get Stock Brokering license soon to one of his 'Perpetual' entities.

Blood Bath of Colombo Stock Exchange recorded amidst Sri Lanka's former and famous Bond King Ajith Devasurendra who was silent for over two years after his 'Controversial Involvement' in the 'NSB-TFC Deal coming out on Monday the August 24th  and buying over 310 million shares of his own company - Taprobane Holdings PLC (TAP) at Rs.5.50 per share via another company of Devasurendra named C H C Investment (Pvt) Ltd.

Analysts note that there are nearly 570,103 domestic Sri Lankan individuals investing as per (Central Depository System) CDS and this means that nearly little over 500,000 of them are retail small investors in Sri Lankan Stock Market, and they will face a Rs.250 billion or US $ 2 billion Market Bubble as a result of UNP's policy on Rs.500,000 Margin Trading per person that is promised small investors.

Currently brokers provide a maximum of only 20%-50% Margin for Stock Investments based on portfolio value and 100% Margin based on portfolio value is only provided via bank and finance companies.Margin interest charged by small time investors by Market Intermediary margin providers vary from 16%-31% per annum. Some argue that there will soon be a 'Big Bubble' of the Stock market with UNP's Margin Trading promise whilst public is now going to question UNP candidates such as 'Dr. Harsha De Silva' who used to criticize stock market highlighting that 'It is a Casino' during previous government of UPFA, whilst now under UNP giving over Rs.250 billion credit for small investors with Margin will definitely create a 'Margin Trading Bubble' and a 'Stock Market Bubble' in economy creating 'Casino' type Colombo Stock Exchange under UNFGG government.

Reference - Bond King buying Taprobane http://www.cse.lk/cmt/upload_cse_announcements/9471440394639_.pdf

Reference UNP lead UNFGG Manifesto

anjelo

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
it says up to 500,000 so that does necessarily mean 500,000 every person.
so there wont be a big bubble as 2 billion.
may be  1 billion max.

DealKing

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@anjelo wrote:it says up to 500,000 so that does necessarily mean 500,000 every person.
so there wont be a big bubble as 2 billion.
may be  1 billion max.

Haha @Anjelo still it is a 'Bubble' and US $ 1 billion means a nearly Rs.137 billion 'Bubble' in the stock market and the projection for US $ is 1 US $ = Rs.160 by Mid Next Year and over 300,000 people as 18 year olds become adults every year in Sri Lanka for the next 10 years based on existed Population growth figures till 2000 under mostly 'No Current, No Light era of Former Chandrika Bandaranaike Kumarantunge Rgime where many Sri Lankans had enough to do with Multiplying population when electricity was cut off for 5 - 16 Hours per day or perhaps entire full day in that era due to her mismanagement of economy, ....so because of this Margin Trading Promise since many many youngsters will be interested to trade in Stocks through Margin trading over Rs.30 billion minimum or Rs.150 billion maximum 'Bubble' will be created in the Stock Market for next 5 years or two years of 'National Government' lead by UNP. So every year the 'Bubble' created by UNP Margin Trading Promise will shot up by at least US $ 250 million to US $ 2 billion  from 2016 each year which will end up in a 'Great Stock Market Crash' worst than Bangladesh by 2020. I am pretty sure by that time Sri Lanka will need to have a Board of Economists as Ministers to Manage the entire economy and country along with some lawyers who are economically sound to re-instate our country soon.

Consider this as a 'Prophecy' similar to the prophecy that some other user made in this forum on January 11, 2015 in which it was highlighted that 'Arjuna Mahendran and Arjun Aloysius' will be involved in a 'Bond Scandal' just a month before 'Controversial' Bond Scandal.

anjelo

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
oh damn ya ne, its in USD. my bad....
but I think they will at first let it go and let the bubble grow and then bring in rules to contain the bubble without bursting.
like the super tax they bought for companies.
all of a sudden rule set would ensure the bubble is safe and all is happy.
lets try to ride the bubble and exit at the right time don't we bro....

anjelo

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
but I dought all will be given margin trading. for example some already have a margin more than 500,000 and for those who do not have that, will have the facility, given all the requirements are there.
so I don't think it is a bigger bubble as you predict.
I think they have done there calculations and predicted just enough to make a bubble that can be controlled and where all are happy.
also they will bring the broker interest rates down as well.

anjelo

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
when is this Rs 500,000 would come into action?
now seems like a good time.

StockGuru

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think Rs. 500,000 per trader will take time, today seems a Black Tuesday and Yesterday seems a Black Monday for Stock Markets worldwide, Chinese stock market crash on Monday will have a large impact on World Economy for next 5 years after the Western Market crash in 2008.

Generally George Soros is said to be the largest player in currency markets and politics in emerging economies where people say George Soros is funding NGOs and Non-Profits in emerging economies to topple governments.Seems last few months George Soros affiliates and George Soros delegates who are also playing in Ukrain playing fields were also active in Sri Lanka and few other tension rising countries.If you scan through some delegate profiles you can see it.I think China has started to play a global game against most of the Western Nations now.Probably we will see Sri Lanka's new government facing large Economic Crisis in the days to come.Sri Lanka will beg for more Chinese funds

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Going back to history. Bad old memories

This is one instance how the market crashed under the most unfortunate and unlucky leader in Sri Lanka.

This is how the market reacted then on his 1st day in office in 2015

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

3 years have gone since you said you and the new govt(we) can't make instant noodles

Reality is in facts and figures and not in story telling or un-related examples.

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big ride

janith123


Equity Analytic
Equity Analytic
no decisions taken . All the,tax burden on people this is the worst economic management .no fdi coming in to country.

janith123


Equity Analytic
Equity Analytic
no decisions taken . All the,tax burden on people this is the worst economic management .no fdi coming in to country.

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics here as I do not have enough time.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics here as I do not have enough time.
Now only the blind man realizes the pit is not 3 ft in depth as claimed, but actually 60 ft. The fraudster who diverted the path is in Singapore with his partners in power here. The blind man is on life saving machine. Oh what a plight!

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing


ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit and the economy actually collapsed at the end of 2014 and now on recovery path.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit and the economy actually collapsed at the end of 2014 and now on recovery path.
GDP Growth?  Laughing Laughing Laughing  Your Horpalana govt is now where close to previous good govt. Also Compare the personal income of our our people now, thanks to the massive robberies you carry out stealing money from people and total inefficient management of the economy

1.GDP Growth-Mahinda Govt vs. Horapalan Govt


Year Govt GDP Growth %
2010Mahinda Govt     8.0 
2011Mahinda  Govt     8.4
2012Mahinda Govt    9.1
2013Mahinda Govt    3.4
2014Mahinda Govt    5.0
2015Horapalana Govt    5.0
2016Horapalana Govt    4.5
2017Horapalana Govt    3.1
2018 1 QHorapalana Govt    3.1
source :- IMF

2. GDP Per Capita Income(USD) Growth-Mahinda Govt vs. Horapalana Govt


Year Govt GDP Per Capita(USD) Growth
2010Mahinda Govt         7.0 %
2011Mahinda Govt         7.4 %
2012Mahinda Govt       11.5 %
2013MahindaGovt        2.6%
2014Mahinda Govt        4.0%
2015Horapalana Govt         4.0%
2016Horapalana Govt         3.3%
2017Horapalana Govt         2.0%
Source :- IMF

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit and the economy actually collapsed at the end of 2014 and now on recovery path.
GDP Growth?  Laughing Laughing Laughing  Your Horpalana govt is now where close to previous good govt. Also Compare the personal income of our our people now, thanks to the massive robberies you carry out stealing money from people and total inefficient management of the economy

1.GDP Growth-Mahinda Govt vs. Horapalan Govt












Year Govt GDP Growth %
2010Mahinda Govt     8.0 
2011Mahinda  Govt     8.4
2012Mahinda Govt    9.1
2013Mahinda Govt    3.4
2014Mahinda Govt    5.0
2015Horapalana Govt    5.0
2016Horapalana Govt    4.5
2017Horapalana Govt    3.1
2018 1 QHorapalana Govt    3.1
source :- IMF

2. GDP Per Capita Income(USD) Growth-Mahinda Govt vs. Horapalana Govt











Year Govt GDP Per Capita(USD) Growth
2010Mahinda Govt         7.0 %
2011Mahinda Govt         7.4 %
2012Mahinda Govt       11.5 %
2013MahindaGovt        2.6%
2014Mahinda Govt        4.0%
2015Horapalana Govt         4.0%
2016Horapalana Govt         3.3%
2017Horapalana Govt         2.0%
Source :- IMF

I am not taking sides and instigating hate here. what happened factualy is that the bubble that blew by previous government collapsed in 2013-2014 you can see clearly in the data that you have given above too. The same scenario would have been worst if previous government won the last PS and General Election.  the recovery is yet to come as you observe the fall of GDP growth from 9 to 3.4 in yeat 2013 and the per capita income growth from 11.5 to 2.6 in the same year.

you can have brief rosy period by blowing bubbles which cannot be sustained and the last was increasing the economic activity by constructions. the problem was the activity was not contributing enough to the economy.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit Laughing Laughing Laughing and the economy actually collapsed at the end of 2014 and now on recovery path Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing .
From where are you getting your statistics?? Sirikotha website???? Laughing Laughing Laughing Laughing Laughing Laughing  Please don't post bogus data to mislead

Correct figures quarterwise from 2013 to 2017 taken from CBSL Annual Report 2017 are shown in below chart. And it is clear that the economy has posted strong growth in 2014 as seen in the 4th quarter of 2014.

It very clearly shows that during 2014 the economy rebounced under Mahinda's govt.  and started to decline after the Horapalana govt came to power 


ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit Laughing Laughing Laughing and the economy actually collapsed at the end of 2014 and now on recovery path Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing .
From where are you getting your statistics?? Sirikotha website???? Laughing Laughing Laughing Laughing Laughing Laughing  Please don't post bogus data to mislead

Correct figures quarterwise from 2013 to 2017 taken from CBSL Annual Report 2017 are shown in below chart. And it is clear that the economy has posted strong growth in 2014 as seen in the 4th quarter of 2014.

It very clearly shows that during 2014 the economy rebounced under Mahinda's govt.  and started to decline after the Horapalana govt came to power 



VERY SMART.. Now you are posting quarterly data. You are asking from where I am taking data.. I took your data as example. 

Year Govt GDP Growth %
2010Mahinda Govt     8.0 
2011Mahinda  Govt     8.4
2012Mahinda Govt    9.1
2013Mahinda Govt    3.4
2014Mahinda Govt    5.0
2015Horapalana Govt    5.0
2016Horapalana Govt    4.5
2017Horapalana Govt    3.1
2018 1 QHorapalana Govt    3.1
 
your data is above.. This is annual growth rates. Do not try to bend the truth.

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ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We should argue to find the truth. If you are in a pre-assumption that you should win your argument and your side of interest you will never find the truth.

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DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Ranferdi, in addition to giving excuse after excuse for performance non delivery, you also seem not capable of interpreting simple data. Most of your past posts heavily criticise Sri Lankans as uneducted. But even a grade 10 commerce student will interpret these data and graphs accurately where as you will get NOUGHT from the Commerce Teacher. So, before you call Sri Lankans  uneducated please bear in mind that your education level compared to an average Grade 10 Commerce student is far below

First you shared a bogus line chart and try to say that the economy collapsed in 2014 and under the Horapalana govt it is recovering. That was a damn lie by you

Then when I produced the correct figures which shows there had been slow down of economy in 2013 but rebounced in 2014, you changed your story. Then I once again showed you quarterwise figures which clearly indicates that the dip had been in last quarter in 2013 and thereafter it was an upward movement. 

Quarter wise data shows the pathetic skills of you and your Horapalana govt

People of this country have demanded the resignation of this inefficient Hora Palana govt at the last election. Time to pack your bags and go home without destroying our country further. If you don't resign people will Sack and send you home at the next elections

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit and the economy actually collapsed at the end of 2014 and now on recovery path.
This is the bogus line graph you shared and told us that the economy collapsed at the end of 2014 and now it is recovering. This is a damn lie by you. According to this bogus graph after the 2014 the GDP had gone up and it had recovered

I hope hereafter you will not try to mislead with such bogus data as you always do

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:
@DS Wijesinghe wrote:
@ranferdi wrote:Yes the market crash in china has given some bones to the ones who oppose current government. We cant make instant noodles here the change will come after sometimes.

Ranferdi the blood bath at CSE still continues isn't it? Still your Noodles are on fire??? Its now almost 4 years since the Yahapalana govt was formed? 


Will your govt ever grant that Rs. 500,000/- margin trading facility to small and retail investors of CSE as promised in your Manifesto? Or will it end up as just another broken promise of yours just like so many other broken promises made by you?


Your govt and it's strong supporters like you have lied and deceived CSE investors and taken them for a big rid


Yet the noodle is not cooked. Noodle will be cooked only when all the debts taken by prior regime is paid off. I do not blame the current government for the status of Sri Lankan economy as of today. The situation can be explained taking below example.

There was a blind man which is Average Sri Lankan Citizen, and in about 2015 he was going to fall into a pitfall of about 10ft, But someone has diverted the path and while taking the alternative path he has fallen to the 3 ft pit. Without knowing that he was saved from falling to 10ft pit now the blind blames the savior.

I do not wish to bring statistics Laughing Laughing Laughing here as I do not have enough time.
You and your Noodles Ranferdi. Average Blaind man is none other than you. Majority of Sri Lankan will show the exit door to you and your govt if you have the guts to hold elections(They have already shown the exit door to you & your govt in Feb 2018)

Is this the statistics you could not post as you did not have time? Laughing Laughing Laughing



Who was ruling the country in 2012,?? the depreciation of rupee is 11.6% then, But we never cried fool asking to topple the government or tried to distrupt the economy. hard times were then and there and now too, At hard times we as citizens of the country should support the measures of government, Else we all can go to hell. Though I do not agree with spending spree of this and previous governments on behalf of minsters, we should still do our part.



Review above chart for GDP growth rate in Sri LAnka, Did you notice the dip on GDP growth rate in 2014?? This is the real culprit and the economy actually collapsed at the end of 2014 and now on recovery path.
This is the bogus line graph you shared and told us that the economy collapsed at the end of 2014 and now it is recovering. This is a damn lie by you. According to this bogus graph after the 2014 the GDP had gone up and it had recovered

I hope hereafter you will not try to mislead with such bogus data as you always do

Firsty my chart is not bogus its taken from the trading economics web site. you can get in and check from below link.

https://tradingeconomics.com/sri-lanka/gdp-growth-annual

secondly you tells I do not know how to interpret a chart and confused about my knowledge. Ok I will accept and ask you few questions, Please clarify this for me assuming that I am a grade five student.
 I do not need diversions but direct answers for below which is raised from you own data field given below. remember this is your data.


Year Govt GDP Growth %
2010Mahinda Govt     8.0 
2011Mahinda  Govt     8.4
2012Mahinda Govt    9.1
2013Mahinda Govt    3.4
2014Mahinda Govt    5.0
2015Horapalana Govt    5.0
2016Horapalana Govt    4.5
2017Horapalana Govt    3.1
2018 1 QHorapalana Govt    3.1

from 2010 to 2013 there is a maximum growth of 9.1% to minimum of 3.4%, Isnt this a great collapse.?

from from there onwards still a gradual drop up to 3.1 which may be the bottom do you accept that the level of decline from 5% in 2015 to 3.1% in 2017 is smaller than of above collapse from 2010 to 2013.?

I have not mended any data but you use just allegations without a base, And I see this whole conversation is a wastage and stop answering you from now on.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

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