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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CIFL and Twod ( Mr.Meloney ) deal

CIFL and Twod ( Mr.Meloney ) deal

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1CIFL and Twod ( Mr.Meloney ) deal Empty CIFL and Twod ( Mr.Meloney ) deal Fri Apr 26, 2013 10:36 pm

Janaka Gunathilake


Stock Analytic
Stock Analytic

What are the latest news of CIFL and Twod ( Mr.Meloney ) deal ? is it finalize or not
Pl give u comments


http://www.cse.lk/cmt/upload_cse_announcements/6791364878310_.pdf

2CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Fri Apr 26, 2013 11:08 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Janaka Gunathilake wrote:
What are the latest news of CIFL and Twod ( Mr.Meloney ) deal ? is it finalize or not
Pl give u comments


http://www.cse.lk/cmt/upload_cse_announcements/6791364878310_.pdf

just wait for the change of management..then you are the winner ...

Definitely I believe that some crooks are playing with that..before 15th MAy it will turn up( interim Report will be released).. otherwise we can find out who sold this... I suspect may be they purposely show loss in the previous report to do something...So ..wait just for couple of week

Take risk..you win.. (don't put all of your money into the CIFL...)

STOCK market Trading is not predictable.. anything can happen to JKH also ...only the different probability ..

Today only more than 3.5 million shares traded @2.50 level..
then who is buying ..big question..???
lowest price (in the history) 2.30 for CIFL .

I will win with this..( may be Blind trust)..any how I am ready to make some money with this or to loss something with this


3CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 8:12 am

NZ BOY

NZ BOY
Moderator
Moderator
@Jana wrote:
@Janaka Gunathilake wrote:
What are the latest news of CIFL and Twod ( Mr.Meloney ) deal ? is it finalize or not
Pl give u comments


http://www.cse.lk/cmt/upload_cse_announcements/6791364878310_.pdf

just wait for the change of management..then you are the winner ...

Definitely I believe that some crooks are playing with that..before 15th MAy it will turn up( interim Report will be released).. otherwise we can find out who sold this... I suspect may be they purposely show loss in the previous report to do something...So ..wait just for couple of week

Take risk..you win.. (don't put all of your money into the CIFL...)

STOCK market Trading is not predictable.. anything can happen to JKH also ...only the different probability ..

Today only more than 3.5 million shares traded @2.50 level..
then who is buying ..big question..???
lowest price (in the history) 2.30 for CIFL .

I will win with this..( may be Blind trust)..any how I am ready to make some money with this or to loss something with this


JANA u r correct.I also Have CIFL @ 2.50 i will sell it @ 4 or 5 level with in 3 months

4CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 11:16 am

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
can u pls clarify, which is better to buy at this level, CIFL or TWOD ?
TWOD 10 million traded at 7.70 while CIFL at 2.50 three million shares.
any predictions. I need short term profit.

5CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 11:20 am

NZ BOY

NZ BOY
Moderator
Moderator
Buy CIFL this is bottom

6CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 11:30 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Takecharge wrote:can u pls clarify, which is better to buy at this level, CIFL or TWOD ?
TWOD 10 million traded at 7.70 while CIFL at 2.50 three million shares.
any predictions. I need short term profit.

May be TWOD dont no about CIFL. Im not sure and I sold my TWOD and not holding now. If you are going to buy before that observe Twod order book carefully , study and get something. Me too suppose to have a look on Monday.

7CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 12:56 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Takecharge wrote:can u pls clarify, which is better to buy at this level, CIFL or TWOD ?
TWOD 10 million traded at 7.70 while CIFL at 2.50 three million shares.
any predictions. I need short term profit.

TWOD already went up by 2/= ... last two days trading Qty more than 13million shares ..we don't know what happened . may be stay in this level or another two three days can continue this up trend ..I also SOld TWOD ...

But

If you want to buy CIFL & GREG.W still in bottom level ..so when its run you can get good return with them (if they run..otherwise ..???... I believe it will run) ..

Still CLPL.W is very good ... very less risk and you can get good profit with it ..CLPL mover further up..SO CLPL .W move at least 8/= level soon..

8CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 1:01 pm

NZ BOY

NZ BOY
Moderator
Moderator
@Jana wrote:
@Takecharge wrote:can u pls clarify, which is better to buy at this level, CIFL or TWOD ?
TWOD 10 million traded at 7.70 while CIFL at 2.50 three million shares.
any predictions. I need short term profit.

TWOD already went up by 2/= ... last two days trading Qty more than 13million shares ..we don't know what happened . may be stay in this level or another two three days can continue this up trend ..I also SOld TWOD ...

But

If you want to buy CIFL & GREG.W still in bottom level ..so when its run you can get good return with them (if they run..otherwise ..???... I believe it will run) ..

Still CLPL.W is very good ... very less risk and you can get good profit with it ..CLPL mover further up..SO CLPL .W move at least 8/= level soon..
i agree with u jana bro

9CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Sat Apr 27, 2013 5:57 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
Thanks all, for your valuable input. Just sold some CLND with great profit.Don't wanna lose all that, likely to go with CIFL I agree with jana.

10CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 7:57 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Jana wrote:

I suspect may be they purposely show loss in the previous report to do something...So ..wait just for couple of week



I dont think it is a viable option for a finance company. If its loss making who'll put money in it? All will start pullin out instead Smile

Dont know whose burning their money but if opportunities arise, take it I say..

11CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 10:08 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
they have to disclose all material events ...so i dont think so it was a deliberate attempt...that would lead to serious breach...any how anything is possible ape lankawe ape lankawe Very Happy

12CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 10:24 am

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
im too bit uncertain about CIFL. but I strongly believe it will result good return to traders in 2-3 range because i'm also a one of them. Very Happy

13CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 10:34 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes now I also feel CIFL will go up becouse of buying. Entered at 2.60.

14CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 11:03 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Now there are big selling orders (1M) at this moment.. Previously all 2.70-2.80 orders vanished like nothing Wink

15CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 11:31 am

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yeah, at risk base i get rid @ 2.8 with small margin. Cool but I hope it will run more.

16CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon Apr 29, 2013 9:44 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The reasons why I am confident that this should move up.

The explanation letter to the CSE by CIFL chairman on the 2 April 2013 regarding the clarification made on news paper article clearly states in its first point

-........Mr.Roscoe Meloney,that they have concluded the acquisition of our holding Company Aspic Corporation along with its 9 subsidiary companies..

If Lakshman Rupasinghe has given false information to the CSE,to mislead public then this is a very serious issue.

Now its almost a month from the original clarification sought by CSE.dont know how long will it take ? and why?

if its true.... then someones trying to collect it at bottom prices before the offical announcement comming to market. If its a related party , then again it becomes dealing on insider information..So may be some arrangements going on to avoid this..and can doubt the reason for the delay in announcement

If its false.. then SEC should take stern action against Mr.Lakshman Rupasinghe for misleading, and giving false information

Lets see where are we going to end up.

17CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Tue Apr 30, 2013 9:26 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:The reasons why I am confident that this should move up.

The explanation letter to the CSE by CIFL chairman on the 2 April 2013 regarding the clarification made on news paper article clearly states in its first point

-........Mr.Roscoe Meloney,that they have concluded the acquisition of our holding Company Aspic Corporation along with its 9 subsidiary companies..

If Lakshman Rupasinghe has given false information to the CSE,to mislead public then this is a very serious issue.

Now its almost a month from the original clarification sought by CSE.dont know how long will it take ? and why?

if its true.... then someones trying to collect it at bottom prices before the offical announcement comming to market. If its a related party , then again it becomes dealing on insider information..So may be some arrangements going on to avoid this..and can doubt the reason for the delay in announcement

If its false.. then SEC should take stern action against Mr.Lakshman Rupasinghe for misleading, and giving false information

Lets see where are we going to end up.


How many of you all noted foreign purchase in CIFL yesterday? (But small quantity)

18CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Tue May 07, 2013 7:02 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
yes i agree ....as posted earlier. twod may have really purchased aspic....if they didn't they would have come out with a statement....no clarification from central bank as well. which means they must be finalising the deal and announcement should be out any time. if not how does one explain the number of trades on these two , unless pump and dump , but pump and dump usually happens with no no basis what so ever.

someone/brokers must try to collect before the official announcement. lets see how this drama turns out.

Even VONE days before Dammika bought Cera I stated in my earlier post that someone/brokers were trying to keep vone down artificially buy placing huge sell orders periodically, it worked for them as vone has gone up nicely. maybe the same thing with CIFL/Twod.

Vone has done good for me Smile

19CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon May 13, 2013 9:56 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:The reasons why I am confident that this should move up.

The explanation letter to the CSE by CIFL chairman on the 2 April 2013 regarding the clarification made on news paper article clearly states in its first point

-........Mr.Roscoe Meloney,that they have concluded the acquisition of our holding Company Aspic Corporation along with its 9 subsidiary companies..

If Lakshman Rupasinghe has given false information to the CSE,to mislead public then this is a very serious issue.

Now its almost a month from the original clarification sought by CSE.dont know how long will it take ? and why?

if its true.... then someones trying to collect it at bottom prices before the offical announcement comming to market. If its a related party , then again it becomes dealing on insider information..So may be some arrangements going on to avoid this..and can doubt the reason for the delay in announcement

If its false.. then SEC should take stern action against Mr.Lakshman Rupasinghe for misleading, and giving false information

Lets see where are we going to end up.



Whats next to happen??

20CIFL and Twod ( Mr.Meloney ) deal Empty Re: CIFL and Twod ( Mr.Meloney ) deal Mon May 13, 2013 10:21 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Based on today's announcement over appointment of R Meloney as the new Chairman of CIFL;it is confirmed that CB and SEC has granted its approval over cash infusion of $ 12.0Mn to the company.

Company has made a wrong judgement in investing in long term project(property development project in Homagama-a JV with Aspic Group) with its assets. (36% of the balance sheet capital invested in Housing project with JV).Investment is Rs 1.5Bn($ 12.0Mn).

Basically CIFL has deposits for short and medium term.(deposits as 31/12/12 Rs 2.9Bn)Apart from above investment, balance they have advances in leases,HP and loans. Hence a deposit maturity mismatch against cash flow caused because JV

However it obvious that property developments is high return investment but medium to long term it generates cash. Therefore delay in cash flow would cause inability to repay depositors funds. However as per 31/12/12 following is disclosed;

Total outstanding in Housing project = Rs 1.5Bn
Interest receivable in Housing project = Rs 373Mn
CIFL loss for 9 months = Rs 147.8mn
Net Asset Value = Rs 6.67

Therefore above justify why company is in this state.

Company is not in a situation to go for Right Issue with current share price to generate capital. With infusion of $ 12.0Mn by R Meloney into CIFL the longer term investment in Housing project ($ 12.0Mn) will be financed. Therefore company will have its depositors funds to continue its operations.

As a well established business in the finance industry the firm will rebound in time to come with overall economic growth attached with low lending rates prevailing. Just like Seylan bank. There are many finance company's worse than CIFL if we closely look in BS.

CIFL have higher possibilities reaching more than Rs 6/- within next 12 months. So advice is not to look in to day trading or very short term period. CIFL have valuable assets and which generates cash. We have to be patient for a minimum of 1 year to have a guaranteed return of more than 250%.

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