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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CIFL - a 250% ROI

CIFL - a 250% ROI

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1CIFL - a 250% ROI Empty CIFL - a 250% ROI Mon May 13, 2013 10:24 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%.

ONTHEMONEY
Senior Equity Analytic

2CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Mon May 13, 2013 10:35 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
every one expecting nice future but future is not on our hand. please prove CIFL ability then people will move on to that. we can see next 4 quarters.

3CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Mon May 13, 2013 10:49 pm

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
The $12M infusion to free the Rs 1.5B stuck in long term investment has some credibility. Also, it is true that asset/liability mismatch and short term liquidity crisis can cause a bank run, leading to closure or take over of a FI.

As per their 31Mar 12 accounts, they had about Rs 680Mn in the JV project and another Rs. 600++Mn of interest was capitalised. Question is, if they have sold the full 74 houses of the first phase (as they claim in the account), why Aspic Homes has not even settled the interest and why interest also is getting capitalised? There are some missing links..

4CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Mon May 13, 2013 11:21 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
is TWOD doing good? i don't think so....

5CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Mon May 13, 2013 11:31 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
it is more than 1 year that Rs 600 mn interest capitalization.it is a rescheduled facility to cousion delay in cash from housing projects..normally when house is sold the full payment is no realized on the same day and partial payments are allowed.

yes it is valid anu..but within next 12 months a better cash flow is expected..

6CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 12:03 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Onthemoney,
Tell us the progress of Park Lane Residencies project
Was that project over by now?
How many houses has sold? How many to be sold?
Price as I know 6mn*170: close to 1 billion
When is the repayment of this investment expected ?
Will there be any positive cash flow & positive returns from the project?

7CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 6:56 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Few things..

TWOD has appointed eChannelling Plc Chairman and CEO Ruwan Silva with immediate effect to be the Principal Consultant and Advisor to the Board of Directors. He's to advice the board of the acquisitions and mergers.

Why did Touchwood controlling party (Malony) agree to infuse money into a troubled finance company like CIFL when their own venture was under distress?

8CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 7:00 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
IF Maloney sold his TWOD shares in the market ( likely) I will not deal with any company that he is involved in as an investment.( trading I leave it open)

Trust worthy management is needed for investing.

There are 300 other share in the market.

9CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 9:00 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:IF Maloney sold his TWOD shares in the market ( likely) I will not deal with any company that he is involved in as an investment.( trading I leave it open)

Trust worthy management is needed for investing.

There are 300 other share in the market.


This is like a cheating Drama .........????

Hmm... proposed names....

1. Pala Yama....[horen]???
2. Paawa Deema.....???
3. ............???

Business and companies can be a loss or profit.... but there need to be gentle way of exit..... specially once a being of a leader of the team of leaders...... ???

I can clearly understand... why the slstock says this...... as a sensible person... we can't lets our self to be cheated red handed by !@#$%^&*() .... more than once



Last edited by KDDND on Tue May 14, 2013 9:04 am; edited 1 time in total (Reason for editing : english corrections)

10CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 9:08 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Yes in a way its cheating, on the other hand, its social responsibility these Malony guys are neglecting. Being there as directors, they must have due-diligence to inform the public.

Sls is correct, nobody should take any investment decisions on the companies that they're directors. We never know their agendas.

11CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 9:17 am

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:IF Maloney sold his TWOD shares in the market ( likely) I will not deal with any company that he is involved in as an investment.( trading I leave it open)

Trust worthy management is needed for investing.

There are 300 other share in the market.

True agreed 100% and Unfortunatly I too had both TWOD/CIFL and Exit with a Loss - Am happy and relaxed now.

But I strongly feel regulators should do something and some actions in practical - should take some of the finances of these type of alleged cheaters to the people who suffered ..

Otherwise TWOD May be another VANIK Story - where the Directors saved a substantial amount of their investment and General public suffers and Public loosing trust and confidence in the stock markets ..



Last edited by sanju351 on Tue May 14, 2013 10:36 am; edited 1 time in total

12CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 9:53 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@sanju351 wrote:
@slstock wrote:IF Maloney sold his TWOD shares in the market ( likely) I will not deal with any company that he is involved in as an investment.( trading I leave it open)

Trust worthy management is needed for investing.

There are 300 other share in the market.

True agreed 100% and Unfortunatly I too had both TWOD/CIFL and Exit with a Loss - Am happy and relaxed now.

But I strongly feel regulators should do something and some actions in practical - should take some of the finances of these type of alleged cheaters to the people who suffered ..

Otherwise It may be another VANIK Story - where the Directors saved a substantial amount of their investment and General public suffers and Public loosing trust and confidence in the stock markets ..


I am not critising you. But wanna give bit of thought during ur lunch.. Initially I mentioned CIFL is in its closing down sale when it droped to 3.2 level . You severely criticized me..I simply compared about Vanik saga's drama. U didn't listen.. But u would have lost money on it. Sorry about that...

13CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 10:33 am

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Jana1 wrote:
@sanju351 wrote:
@slstock wrote:IF Maloney sold his TWOD shares in the market ( likely) I will not deal with any company that he is involved in as an investment.( trading I leave it open)

Trust worthy management is needed for investing.

There are 300 other share in the market.

True agreed 100% and Unfortunately I too had both TWOD/CIFL and Exit with a Loss - Am happy and relaxed now.

But I strongly feel regulators should do something and some actions in practical - should take some of the finances of these type of alleged cheaters to the people who suffered ..

Otherwise It may be another VANIK Story - where the Directors saved a substantial amount of their investment and General public suffers and Public loosing trust and confidence in the stock markets ..


I am not critising you. But wanna give bit of thought during ur lunch.. Initially I mentioned CIFL is in its closing down sale when it droped to 3.2 level . You severely criticized me..I simply compared about Vanik saga's drama. U didn't listen.. But u would have lost money on it. Sorry about that...

No my friend you have not given details like this and your post was more targeted to bring down the price of the CIFL Share price - don't know that's how i felt and still feeling it as a minus manipulation to collect at low levels

What i feel is those type of promotions what will bring down shares artificially is very bad .

And you are wrong here - there you were talking about CIFL and not about TWOD and still i am positive about CIFL and not TWOD

Not CIFL - TWOD may become another VANIK - But CIFL will live up and will rise again chances are there and when you see the history of Fiance companies when they invest in real estate projects with Depositors money this is happening - But with this 12 M Cash infusion goes to that housing project - CIFL will come bank to normalcy step by step - those who holds CIFL may be winners in the coming months not days .

See some other posts - meloney's cash infusion directly goes for the housing project and now CIFL will have cash liquidity

I still feel you were tryuing to collect CIFL at low levels and your post with closing of CIFL is dangerous and false
See what happened realy now CIFL is again given a life injection and will walk again n.

14CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 10:49 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@sanju351 wrote:
@Jana1 wrote:
@sanju351 wrote:
@slstock wrote:IF Maloney sold his TWOD shares in the market ( likely) I will not deal with any company that he is involved in as an investment.( trading I leave it open)

Trust worthy management is needed for investing.

There are 300 other share in the market.

True agreed 100% and Unfortunately I too had both TWOD/CIFL and Exit with a Loss - Am happy and relaxed now.

But I strongly feel regulators should do something and some actions in practical - should take some of the finances of these type of alleged cheaters to the people who suffered ..

Otherwise It may be another VANIK Story - where the Directors saved a substantial amount of their investment and General public suffers and Public loosing trust and confidence in the stock markets ..


I am not critising you. But wanna give bit of thought during ur lunch.. Initially I mentioned CIFL is in its closing down sale when it droped to 3.2 level . You severely criticized me..I simply compared about Vanik saga's drama. U didn't listen.. But u would have lost money on it. Sorry about that...

No my friend you have not given details like this and your post was more targeted to bring down the price of the CIFL Share price - don't know that's how i felt and still feeling it as a minus manipulation to collect at low levels

What i feel is those type of promotions what will bring down shares artificially is very bad .

And you are wrong here - there you were talking about CIFL and not about TWOD and still i am positive about CIFL and not TWOD

Not CIFL - TWOD may become another VANIK - But CIFL will live up and will rise again chances are there and when you see the history of Fiance companies when they invest in real estate projects with Depositors money this is happening - But with this 12 M Cash infusion goes to that housing project - CIFL will come bank to normalcy step by step - those who holds CIFL may be winners in the coming months not days .

See some other posts - meloney's cash infusion directly goes for the housing project and now CIFL will have cash liquidity

I still feel you were tryuing to collect CIFL at low levels and your post with closing of CIFL is dangerous and false
See what happened realy now CIFL is again given a life injection and will walk again n.

TWOD is not in a sound position, when twod is not sound, why inject so much money into CIFL? not only CIFL, the holding company of CIFL with it's subsidiaries were bought. Why spend so much money on these? why not spend it on TWOD?

15CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 10:56 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
There is something here then the eye can see. all this maloney investing was shrouded in secrecy....now we don't know who bought all the shares that were put in to the market...could it be tha retailers bought all these shares. I hardly doubt it...unless pump and dump. I have a feeling there is something else going on here. But information needs to come out fast.

16CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 11:01 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Aubrey Perera wrote:There is something here then the eye can see. all this maloney investing was shrouded in secrecy....now we don't know who bought all the shares that were put in to the market...could it be tha retailers bought all these shares. I hardly doubt it...unless pump and dump. I have a feeling there is something else going on here. But information needs to come out fast.

it's becoming hard to trust this management

17CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 1:56 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
we will have better understanding once the quarter reports are out...

happy trading
OTM

18CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 2:21 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ONTHEMONEY wrote:we will have better understanding once the quarter reports are out...

happy trading
OTM

yes but for that we have to wait atleast for 2 months Mad Mad

I wonder whether it'll be too late then............ affraid affraid

19CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 4:36 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@ccsentha wrote:
@Aubrey Perera wrote:There is something here then the eye can see. all this maloney investing was shrouded in secrecy....now we don't know who bought all the shares that were put in to the market...could it be tha retailers bought all these shares. I hardly doubt it...unless pump and dump. I have a feeling there is something else going on here. But information needs to come out fast.

it's becoming hard to trust this management

I wonder whether you might be wrong Question

Esp after the TWOD new M&A advisor Question

Also there was a third director appointed to CIFL. Not much is being said about him Question

20CIFL - a 250% ROI Empty Re: CIFL - a 250% ROI Tue May 14, 2013 9:07 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Well Twod has to disclose this sooner rather than later....third director and advisor could have bought the shares? mystery . What I don't understand is no shareholder approval is sought for any of this is this legal ? that's why I think something is up .

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