Wednesday, 23 April 2014

23-Apr-2014 CSE Trade Summary

Three Best Practices During Trading Slumps

Here's a list of best practices during trading slumps:

* Keeping risk-taking down until you see markets clearly - Losing small and gaining big is what makes for excellent risk-adjusted returns. Accepting that you're not seeing things well is half the battle. By continuing to actively engage markets in small size, you give yourself an opportunity to regain perspective. Trading larger or more often out of the frustration of losing is a recipe for disaster.

* Focusing on yourself - Very often, losses occur because market patterns have changed. Slumps occur because your mindset has changed. By working on yourself before you go hard at markets, you place yourself in an optimal mindset to press your advantage when things line up. Stepping back from trading, renewing your energy, getting back to core strengths--all can help create the mindset to see markets freshly.

* Searching and re-searching - Stepping back from trading doesn't mean you step back from markets. When times are tough, great traders double down on research and idea generation. It's that pipeline of ideas that will produce the next winning trades. Research and development is what ultimately keeps your trading business alive; turning the search for trades into trading re-search turns a losing period into an opportunity for advancement.

Drawdowns are inevitable. Slumps are not. Your job in coaching yourself is to learn from the drawdowns and use them as opportunities to make yourself better. A drawdown only becomes a slump when it gets inside our heads and takes us away from our core strengths. Drawdowns become business opportunities when they focus us on those strengths and prod us to expand them.

Edited article from

Company Fact Sheet: Pan Asia Banking Corporation PLC - PABC:N0000

About the company:

Established: 1995                  Quoted Date: 2005-04-05              Sector: Banks Finance & Insurance

Pan Asia Banking Corporation PLC (the Bank) is a Sri Lanka-based company engaged in banking and related activities, such as accepting deposits, personal banking, trade financing, resident and non-resident foreign currency operations, travel related services, corporate and retail credit, project financing, lease and hire purchase financing, pawning, ran loan, issuing of local and international credit cards, telebanking facilities, Internet banking and short message service (SMS) banking. The Bank's key product offerings include savings account, children's savings accounts, current accounts, easy pension, fixed deposits, home loans, leasing, gold loan services, safety lockers and global traveler's card.

Chairman: Mr W.D.N.H. Perera

Deputy Chairman: Mr E. De Silva

Cheif Executive Officer: Mr D. Seneviratne 

Board of Directors:
Mr J.A.S. Sumith Adhihetty
Mr M. Goonathilleke
T.G. Thoradeniya 
Mr G.A.R.D. Prasanna 
Mr T. Igarashi 
T. Murakami
H.K. Seneviratne  (Senior Director)
Mr J.D.N. Kekulawala  (Non Executive Independent Director)

52 Weeks Low: 15.40                                                                52 Weeks High: 23.30
Average Trading Volume: 49,230

Company Financial at a glance:
Click Table to Enlarge

Total Voting shares in Issue: 295,041,086

1. 55,068,524 Ordinary Shares of the Company were allotted on 26th October 2006, pursuant to a 1:1 Rights Issue @ Rs. 10.00. (55,571,883 Shares Offered)
2. 36,880,136 Ordinary Shares of the Company were allotted on 31st March 2010, pursuant to a 1:3 Rights Issue @ Rs. 12.00.
3. 295,041,086 Ordinary Shares of the Company were started to trade on 8th June 2011, pursuant to a 2:1 Share Split.

Debentures Listed on CSE:

Top 20 Shareholders as at 31/12/2013

Percentage of public holding as at 31st December 2013 was 52.22%

The percentage of Foreign Holding as at 31st March 2014 was 21.43%

Quote for the day

"Large interests are practically always in the market. They usually have their scale orders in on both sides so that they buy on declines and sell on rallies. They always have money with which to buy on declines, because they sell on the rallies. They thus realize a profit as well as supply funds for the next decline. If the public would learn to do this, there would be fewer stock market fatalities." - Richard D. Wyckoff