Talk with Mesh

  The recent IPO Janashakthi (JXG) had a backlash and ahs sparked frustrtaion among all investors. The IPO as predected was oversubscribed trifold, resulting in almost 15.16 Billion LKR. Due to this they have changed their allocation method to something differant than what they promised in their prospectus. What Changed? Investors are claiming that the effective allocation outcome differed from what they believed was promised in the prospectus . On paper, the IPO followed a structured allocation model: A base allocation (minimum shares) A proportional allocation on excess applications However, in practice, the steep scaling down, especially for larger applications, came as a shock to many if not all. Who got affected the most? Non-retail investors, an investor that wanted to invest more than LKR 200k to recieve a higher minimum share limit, they were promised LKR 200k worth of shares 20 THOUSAND shares. But with the new allocation it looks like they will recieve around 4600 shares...

  It hasn’t even been a month since I started this portfolio, and there’s already something interesting to share. With the recent ceasefire, the Sri Lankan market has turned noticeably bullish. Just a week ago, my portfolio was sitting at a loss of around LKR 4,000. On paper, it’s still technically in the red,but the situation is a bit more nuanced now. The good news is that I’ve already started receiving dividends. I recently got dividend payouts from HNB.N0000 (Hatton National Bank) and SAMP.N0000 (Sampath Bank) , totaling roughly LKR 1,900. That immediately reduced my effective loss and made me look at this portfolio differently. Are Dividends Actually Worth It? This got me thinking. Last month, I invested about LKR 50,000 into HNB, and within a short period, I received around LKR 1,600 as a dividend. That’s a meaningful return in such a short time, especially considering I wasn’t expecting income this early. But it also raised a question: Why did I receive dividends ...