FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» UNHCR එකේ ලොකූ ටෝක දැම්මට සමහර ඔස්තාර් ලා කියන ආර්තික සම්භාදක අරවා මේවා මුකුත් එන්නේ නැ
by Vishwanarth Yesterday at 10:00 pm

» If you are one of those people who can sleep at night while someone else is in control of your destiny, then my advice would be to only invest in stocks
by Asoka Samarakone Yesterday at 9:58 pm

» DFCC will be receiving Rs.594,538,285.50
by SANJAYANM Yesterday at 9:56 pm

» NATIONS TRUST BANK PLC (NTB.N0000)
by chathura123 Yesterday at 8:52 pm

» Price prediction on GRAN and TAFL
by Bakkabwoi Yesterday at 6:22 pm

» GLAS will be winner with Super Gain.
by Nandun Yesterday at 5:20 pm

» SEMB SEMB
by stockchaser Yesterday at 2:57 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Vishwanarth Yesterday at 2:54 pm

» Bullish sentiment returns with market regulator's assurance
by Vishwanarth Yesterday at 2:52 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by Vishwanarth Yesterday at 1:49 pm

» SOFTLOGIC HOLDINGS PLC (SHL.N0000)
by suku502 Yesterday at 1:32 pm

» DIPD/HAYC/HAYL
by Wickyz Yesterday at 1:19 pm

» Chart 25.02.2021
by stockback Yesterday at 12:41 pm

» is it a good time to sell expo shares
by Kipling Yesterday at 8:39 am

» Current 2021 Februray Unit Trust/Unit Fund Per Annum percentages
by agentnrox Yesterday at 8:13 am

» Leading brokers causing market downturn
by Mithooshan Yesterday at 7:40 am

» Must watch this video - unnecessary panic
by Jana Yesterday at 1:03 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by learningthemarket Yesterday at 12:03 am

» Daily Foreign Transactions
by Mr. X Wed Feb 24, 2021 11:28 pm

» Fall seven times, stand up eight.What happened, has happened. Free your mind from it. Stock market for beginners
by Asoka Samarakone Wed Feb 24, 2021 9:21 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » New investors resurrect crisis-hit CIFL finance company

New investors resurrect crisis-hit CIFL finance company

Go down  Message [Page 1 of 1]

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
A group of new investors has taken over the crisis-hit Central Investment and Finance PLC (CIFL), which recently experienced a run on its deposits leading to temporary liquidity problems. On Monday, the company announced major changes to the board of dirctors including a new chairman.

The changes took effect from 2nd May, the company said in a filing to the Colombo Stock Exchange
Three new board members, Roscoe Melony, Swarna J. Meloney and Dulan Hettiarachcchi were appointed to the board of the company. K.A.L. Rupasinghe resigned from his position as Chairman and was replaced by Mr. Melony, who is also Touchwood Group Chairman.Ms. Melony was appointed as the acting CEO to fill void created due to the resignation of the company CEO Gamini Karunathilake

The CIFL has been re-invigorated with a capital infusion of US$12 million by the Touchwood Group following the intervention of the Central Bank, officials said. This was reported in the Business Times on 31st March 2013 quoting the former chairman of the company, Mr. Rupasinghe.

www.thesundaytimes.lk

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I c this paper article is a good sign

Fresher


Moderator
Moderator
SO the background of the NEW investors is not an issue? Just the money that matters? Can't believe this is coming from this paper.

Also I'm still confused if this is Touchwood's money or it's Chairman's personal money.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Eithey way, it is not right to screw up TWOD share holders if they can afford this kind of money for something else.

npp wrote:SO the background of the NEW investors is not an issue? Just the money that matters? Can't believe this is coming from this paper.

Also I'm still confused if this is Touchwood's money or it's Chairman's personal money.

Fresher


Moderator
Moderator
@slstock wrote:Eithey way, it is not right to screw up TWOD share holders if they can afford this kind of money for something else.

npp wrote:SO the background of the NEW investors is not an issue? Just the money that matters? Can't believe this is coming from this paper.

Also I'm still confused if this is Touchwood's money or it's Chairman's personal money.

The way I see it, given the TWOD situation is true, the Chairman is getting ready to screw another set of shareholders and customers

6New investors resurrect crisis-hit CIFL finance company Empty CIFL latest news from Sunday Times Sun May 19, 2013 5:21 pm

Janaka Gunathilake


Stock Analytic
Stock Analytic

Please u comments

http://www.sundaytimes.lk/news/news/33449-new-investors-resurrect-crisis-hit-lankan-finance-company.html

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
It is old news .. doesn't effect anything tomorrow..

Mostly depend on interim report or depend on collector

Bond


Manager - Equity Analytics
Manager - Equity Analytics
These guys still have board control of TWOD. Anyone for a 1.2 billion rights issue? Razz

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
වක්කඩ ලඟ හංගන්නට නොහැකිය හකුරු
දළු ලන විට කොළ මිස නැත වැඩිවෙන ඉතුරු
හැකිවේද මෙලනිට වහන්ට ගලනා සිදුරු
අවදානම මොකට මිතුරු තව ඇත මෝරු

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@seek wrote:වක්කඩ ලඟ හංගන්නට නොහැකිය හකුරු
දළු ලන විට කොළ මිස නැත වැඩිවෙන ඉතුරු
හැකිවේද මෙලනිට වහන්ට ගලනා සිදුරු
අවදානම මොකට මිතුරු තව ඇත මෝරු

Wow Hats off

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Baloney will need to resurrect the dead since the March results shows that CIFL is heading the way of TFC

Maybe Baloney can make his gardener the CEO of CIFL, at least he might be able to do a better job than the joke below

http://www.cse.lk/cmt/upload_report_file/1083_1368762302.pdf

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
most investors seems still don,t have faith towards new management



Last edited by cseguide on Fri May 24, 2013 8:00 pm; edited 1 time in total

manula


Vice President - Equity Analytics
Vice President - Equity Analytics
@seek wrote:වක්කඩ ලඟ හංගන්නට නොහැකිය හකුරු
දළු ලන විට කොළ මිස නැත වැඩිවෙන ඉතුරු
හැකිවේද මෙලනිට වහන්ට ගලනා සිදුරු
අවදානම මොකට මිතුරු තව ඇත මෝරු

nice one. Thanks...This is true..

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum