tag:blogger.com,1999:blog-8785706634715431183.post3256175320417008619..comments2023-09-15T16:38:16.644+05:30Comments on Patta Pal Boru: So there are buyers queuing up for JKH, but they are being put off by the uncertainty and corruption of the State Patta Palhttp://www.blogger.com/profile/10173044980411242894noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8785706634715431183.post-30758746371618577472018-10-16T16:28:20.541+05:302018-10-16T16:28:20.541+05:30Sri Lanka is a rogue state, so ethical and honest ...Sri Lanka is a rogue state, so ethical and honest buyers will deal with a corrupt regime, and that is to say until the political atmosphere completely changes to bring trust back into the system. <br /><br />For that to happen all the existing players in Govt. and opposition, in short all in parliament have to change for confidence to return. So it is time for all Parliamentarians to say that they will not seek re election in the National Interest and give new people with minimum entry standards a chance to show that transparency and good governance can allow FDI without corruption so the economy can grow, otherwise there is no hope for Sri LankaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8785706634715431183.post-26560015726839141282018-10-16T16:09:48.317+05:302018-10-16T16:09:48.317+05:30Forget the Government in this, it is the self same...Forget the Government in this, it is the self same Oligarchs who will pressure the Government to stop this sale, as they are the one's who stand to lose, and they don't want to see their gravy train stopping. They have no interest in improving the efficiency of the economy at all. Only picking up a few bargains, so they can exert monopoly power and pricing working against the consumer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8785706634715431183.post-54328167860488362192018-10-16T15:52:07.579+05:302018-10-16T15:52:07.579+05:30This is the classic model that has taught foreigne...This is the classic model that has taught foreigners NOT to invest in Sri Lanka, in the stock market as exiting is fraught with risk and potential disastrous. So no wonder then that there is an investor for JKH who wants to buy the whole company as a business deal, take it apart and sell it in 50 units, hopefully all in the Stock Market by listing them, so that they recover their investment in full, and depending on market conditions, have a profit also, but at the same time still hold 50% in the companies that they bring into the market, so they will one day be able to reap the rewards of this investment, a smart move.<br /><br />Our business men cannot see this. They are simply asset strippers and so will not make the gains that an experienced foreign investor can. That is why our entrepreneurial class is still in its infancy, as greed and corruption are in the forefront and real business ethics and long term growth still a swear word in their vocabulary. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8785706634715431183.post-53211860377484813782018-10-16T15:25:31.850+05:302018-10-16T15:25:31.850+05:30Unfortunately the SL Government does not have peop...Unfortunately the SL Government does not have people with the grey cells that will work to save this Country from currency depreciation. They only have grey cells to personally profit from these transactions. This is a clear case of a value investor wishing to make an inefficient and corrupt company more efficient, more transparent and more investor friendly by breaking it up to strategic entities to maximize value, something JKH has singularly failed to do to its existing long suffering shareholders both in SL and overseas. <br /><br />It has been a case of past and present directors brazenly paying themselves stock options at the expense of everyone else, due to the badly mismanaged nature of the group. <br /><br />Look at the cost of Cinnamon Life, the biggest investment in the history of Sri Lanka by a private entity. It is simply a botched up disaster.<br /><br />They needed the Crown Casino to make economic sense and now they are struggling, and only a foreign investor with sufficient clout to dictate to a wretchedly incompetent SL Government can change things if the fools in the Government realize they are in fact fools, and allow competent people to take over to save their behinds from an even worse fate of the Rupee dropping to Rs300.<br /><br />Frankly this is the opportunity to redeem Sri Lanka and prevent total disaster and it is time the leaders open their arms and accept this investment opportunity without delayAnonymousnoreply@blogger.com