Duminda’s touch out of woods

1 October 2013 07:11 am - 36     - {{hitsCtrl.values.hits}}

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The resignation of ruling Party Parliamentarian Duminda Silva from the Board of Directors of Touchwood Investments PLC has taken a toll on the share price of the firm at the Colombo Stock Exchange.

At 12.30 p.m, Touchwood share had come down 33 per cent to Rs.3.40. The share closed Rs. 5.10 the previous day after hitting as high as Rs.6.

However, Touchwood share prices still remain high given it was trading around Rs.1.70-1.80 last Monday.

The announcement of the appointment of MP Duminda Silva to its board pushed the share prices up over 70 per cent Last Tuesday to close at Rs.3.10.
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  Comments - 36

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  • unchikun Tuesday, 01 October 2013 08:43 AM

    This is called money cleansing. Now kudu money is touch wood money.

    Bodu Wednesday, 02 October 2013 04:10 AM

    Sold when it was high, made the profit, now, no business! Good corporate governance.....

    Kondebedapucheena Tuesday, 01 October 2013 08:49 AM

    Only Touch No woods

    nmj Tuesday, 01 October 2013 09:14 AM

    Well played game. Someone wants to manipulate the prices, so, he was appointed to the BoD. Then the prices went up, and the people got the profit. Now resign again......well played

    Perumal Tuesday, 01 October 2013 12:37 PM

    is not used to wood but kud!

    warra Wednesday, 02 October 2013 01:06 AM

    good example of insider-trading.

    china Tuesday, 01 October 2013 09:20 AM

    I can't remember. Did he appoint to the board of directors?......

    John Tuesday, 01 October 2013 09:22 AM

    This only confirms the critiicisms directed at the CSE, of forces other than market which influence it.......what a hit to our financial credibility?!

    Ranjith M Gunawarden Wednesday, 02 October 2013 01:20 AM

    Well said, Good one

    Andrew Pitugala Tuesday, 01 October 2013 12:53 PM

    TOUCH WOOD !!!!!!

    Pxx Tuesday, 01 October 2013 09:29 AM

    Umbahaaaaaaaaaaaaaaaa

    Super Star Tuesday, 01 October 2013 01:00 PM

    LOL bad luck for greedy people who try to make a quick buck. Unless you own controlling shares, you should keep away from the sharemarket.

    Punny Pellow Wednesday, 02 October 2013 01:46 AM

    More than a 'RAT'! SILVA meaning a WOOD TOUCHES the board, prices soar, SOMEONE makes massive profits, SILVA leaves the WOODEN board and prices come crashing down!!! What was SEC doing (SIC?).

    shehan Tuesday, 01 October 2013 01:28 PM

    country has gone to dogs.These are open crimes. what is government doing about it. These cannot be stopped as fools are voting for them.

    shehan Tuesday, 01 October 2013 01:30 PM

    you are absolutely correct.

    Dumi Wednesday, 02 October 2013 02:11 AM

    I do not remember,,,what did I do?

    citizen Tuesday, 01 October 2013 01:40 PM

    People in SL never learn lessons.

    KUNCHU Tuesday, 01 October 2013 09:47 AM

    As the song goes "Clowns to the left, jokers to the right, I'm stuck in the middle with you" .

    This the situation today we are faced with.

    Dilini Tuesday, 01 October 2013 09:56 AM

    I can't understand how SL stupids reactions to the dumb politicians.

    ALWIS Tuesday, 01 October 2013 10:06 AM

    DUMINDA IS POLITICIAN HEDONT KNOW MUCH ABOUT THIS COMPANY

    dr ceylon Wednesday, 02 October 2013 08:41 AM

    he quickly realised he cant do the job.give him what he can do,child rape,kudu business etc...

    Wimal_Modawansa Tuesday, 01 October 2013 10:22 AM

    Buy at lower price.
    Become a Director and confirm infusion of funds from Overseas.
    Push the share price.
    Sell the shares and make profits.
    Resign from the Board.
    Go home with no action for fraudulent trading or Pumping and Dumping.

    manuwel giyar Tuesday, 01 October 2013 10:28 AM

    This has been a scam all along. Before Duminda's appointment, shares were trading at around 1.80. If I were to buy 10 million shares then and dispose of them after Duminda's appointment (say for 3.00), I will reap 12 million. Just 2 million from a "CSE Jillmart". Not bad eh?

    Dee Tuesday, 01 October 2013 10:30 AM

    Gilla Nedha , Lassanata?

    Kiris Baba Amaray Tuesday, 01 October 2013 10:45 AM

    Waste of time talking about a murderer.

    ANTON Tuesday, 01 October 2013 07:28 AM

    YES, YES NOW I REMEMBER IT IS CHILDREN'S DAY, AM I CORRECT ???

    Nodrog Tuesday, 01 October 2013 08:04 AM

    Jut another scheme by these morons to make some quick cash.

    Be Fair Tuesday, 01 October 2013 05:09 PM

    Manipulations doesn't happen at the CSE, it only happens at London Stock Exchange...........

    manpei Wednesday, 02 October 2013 06:09 AM

    That's illegal... Oh sorry this is SL I mean in other countries manipulating the market is illegal

    UN-Justice Tuesday, 01 October 2013 08:13 AM

    Whatever Duminda touches it becomes not wood, but ROCK.

    Sonali de Silva Tuesday, 01 October 2013 08:20 AM

    Do we smell a rat here?

    BuffaloaCitizen Tuesday, 01 October 2013 08:20 AM

    Pre-arranged manipulation of the stock exchange.

    rodrigo Tuesday, 01 October 2013 08:21 AM

    Not childrens day but mentally retarded day. Also cant remember day thanks to Duminda Silva who cant remember.

    charles Tuesday, 01 October 2013 08:27 AM

    The brokers are responsible. Whosr money are they using to prop up these scans.

    nlndesilvs Tuesday, 01 October 2013 08:33 AM

    Alice in Wonderland..... or SEC in Wonderland.....

    Duminda Tuesday, 01 October 2013 08:33 AM

    Mata mukuth mathaka na. Touchwood, shooting, joining, resigning, Anal.... Aiyo mata mathak vennema na


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