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

» What will happen tomorrow?
by madukp Yesterday at 10:07 pm

» The market is not out to “get” you but is just flowing along, and your position just happens to be carried along with it.
by Asoka Samarakone Yesterday at 9:57 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:01 pm

» DIPD/HAYC/HAYL
by stocknoob Yesterday at 6:55 pm

» GLAS will be winner with Super Gain.
by stocknoob Yesterday at 6:20 pm

» Growing Fear
by Mr. X Yesterday at 4:55 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Yesterday at 12:54 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by Mr. X Yesterday at 12:40 pm

» LDEV LDEV LDEV
by Eranga87 Yesterday at 10:27 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Yesterday at 7:42 am

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Mon Apr 19, 2021 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Mon Apr 19, 2021 6:14 pm

» US dollar trading lower, euro near new high
by target1 Mon Apr 19, 2021 1:38 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Equity Win Mon Apr 19, 2021 1:23 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Thushara Ayya Mon Apr 19, 2021 11:59 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Sun Apr 18, 2021 4:12 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Sat Apr 17, 2021 9:07 pm

» First capital holdings CFVF.N0000
by invest thinker Sat Apr 17, 2021 4:46 pm

» Lanka Walltile PLC Investment Case
by judecroos Sat Apr 17, 2021 8:55 am

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Sat Apr 17, 2021 8:39 am

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™ » FINANCIAL CHRONICLE™ » CIFL disaster

CIFL disaster

Go to page : Previous  1, 2

Go down  Message [Page 2 of 2]

21CIFL disaster  - Page 2 Empty Re: CIFL disaster Mon May 20, 2013 10:14 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think the prices have already adjusted for its losses.

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.

Pls got through the following links for information about Park Lane Residencies.

http://www.hitadsclassified.com/index.php?option=com_estateagent&Itemid=26&act=object&task=showEO&id=687

Overview
-----------
Park Lane Residencies, Homagama, is a Joint collaboration between ASPIC Homes (Pvt.) Ltd and the Urban Development Authority (UDA) and highlights one of the first Public Private Partnership( PPP) project valued at Rs. 1 billion .

The uniquely designed semi-luxury housing project consists of 171 units; each house offers maximum living space with three to four bedrooms for a very competitive price, targeted at middle class and upper middle class market.

All completed 74 luxury condominium units, under phase one, are built-in with all modern in-door amenities and main out door recreation facilities such as swimming pool and club house, gymnasium, library, Mini Super Market, Day Care Centre, children's play area, along with 24 hour security, and other common facilities and infrastructure. All the houses will be provided with Cable TV, telephone and Internet facilities.

22CIFL disaster  - Page 2 Empty Re: CIFL disaster Mon May 20, 2013 10:17 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
We have to wait for Announcements to come!!!

23CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:03 pm

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

24CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:16 pm

salt


Vice President - Equity Analytics
Vice President - Equity Analytics
some rescue must be there
how this story is different from TFL

ONTHEMONEY
I asked you other day as well.
You don't disclose full information on Park lane residencies project
Have they sold all units?

25CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:22 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

The interest expense is accumulated. It's a book entry and obviously gives a loss in P/L

It should be converted to shares

Anyway Janashakthi Limited must have some serious balls to hold those shares.

26CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:26 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
ACCESS ENGINEERING LIMITED also having 1 Million share

27CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:27 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
they have been selling down form 1 mil shares. Now 0.7 Mil not such a big holding .


@Bond wrote:
@Chinwi wrote:Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

The interest expense is accumulated. It's a book entry and obviously gives a loss in P/L

It should be converted to shares

Anyway Janashakthi Limited must have some serious balls to hold those shares.

28CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 5:59 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ONTHEMONEY wrote:We have to wait for Announcements to come!!!

what announcement?????

29CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:01 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Normally, Janashakthi Ltd is quite good in stock selection. If I am correct they traded 1M BFL from 70 to 280 within very short period.

30CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:04 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Guys do not misunderstand today is 21st May and this statement is as at 31st March 2013. From 31st March to todate more than 30 mil shares have been traded in the market.
I mean Janashakthi and Access both can sell off with in this period.
If not so it is ok. If they were the seller who is the buyer.
Now this share is more vulnerable for me to trade between 2.20 to 3.00 with in very short period. But still i am not in the mood to enter!

31CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:27 pm

smallville

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

But important If it is go down Don't sell yours.. keep it ... it will go up again very soon at least it will come back to this price level 2.50or 2.60 .. So if you can buy some @ 2/= level if it is possible ... average it ..or invest in another good pick and make money to cover this loss ..


Isn't it better to sell now @ 2.3 and collect @ 2 then rather than averagin? Then ur making ur losses less imo.

32CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:30 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@m2_yapa wrote:Guys do not misunderstand today is 21st May and this statement is as at 31st March 2013. From 31st March to todate more than 30 mil shares have been traded in the market.
I mean Janashakthi and Access both can sell off with in this period.
If not so it is ok. If they were the seller who is the buyer.
Now this share is more vulnerable for me to trade between 2.20 to 3.00 with in very short period. But still i am not in the mood to enter!

Yes both Janashakthi and Access might have disposed it later!

Sponsored content


Back to top  Message [Page 2 of 2]

Go to page : Previous  1, 2

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