a wild idea might be to make Sri Lanka liveable/affordable/nurturing for citizens before making it attractive to tourists. This a country, not a theme park.
@Channa_Amare Do you have an opinion on why #CTHR keeps inching lower. I have noticed director buying consistently over the past year or so. Given that they hold controlling stakes at #CARG & #CBNK do you feel it is mispriced?
@Guyhan_@Thisal92@CSEequity#JXG insider sale of preferential IPO allotment is not cricket, but it is not illegal
Under current #CSE#lka listing rules, there is no 'lock-in' period for preferential IPO allotments
These rules have to be changed to build trust in market
@CSE_Media
https://t.co/2QmlCzEZAc
@Channa_Amare Hi Channa, with regard to the #WTS IPO, the amount of shares not locked-in is almost double the amount of the new shares being issued. Isn't that a massive red flag or am I missing something here?
@Channa_Amare@CSE_Media Fair point. I was just wondering if it could end up being a can of worms also if the tax code was to be revised.
But you are correct we can learn from others and adopt their best practices.
@Channa_Amare If the ASPI is weighted according to the market cap. Does it get readjusted if there is a delisting? Let's assume JKH or CTC decide to delist do we have to adjust the index value accordingly?
Sorry, if it is a pretty obvious question 😬
@Thisal92@Channa_Amare@CSEequity Congratulations mate. Initially at least it seems like you made the right call :) personally I have been very bad at timing exits. :( Good luck mate.
@Channa_Amare I remember you mentioning the same about #NEST a few quarters before it was eventually delisted. I truly hope you are wrong this time around :)