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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LOLC takeover of Browns

LOLC takeover of Browns

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1LOLC takeover of Browns Empty LOLC takeover of Browns Tue Jul 16, 2013 7:17 am

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Even though no one talks about it LOLC seems have taken over Browns. Ajith has resigned.

Effectively gives more control of Seylan Bank, HNB stake, a handful of listed and unlisted firms.... I can't keep track of what they own Razz 

Wonder why Ajith Deva sold out at such a cheap price ?

No journalist talks about this but this LOLC is shaping into something .... not sure what it is though ???

2LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 10:17 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Definitely LOLC can pay off part of their debts easily by selling these bank stakes.

But Cash goes to Browns not to LOLC.
This is why they dont care about the magnitude of the Debt

3LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 10:42 am

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
LOLC may be big, but last qtr EPS 36 cents.

It is already overvalued on earning basis.

Rs.1.44 EPS

4LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 11:38 am

dudi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
some say LOLC is a highly manipulated share 3 years ago.unbelievable. is it true? someone pls clarify

5LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 2:31 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
SEC imposed a 10% price band few years ago. Before this happened, LOLC was trading around 350-400.
Soon after the introduction of 10% price band, LOLC price had appreciated by 10% every day until it hit 1600. Beginning of this process, there was n’t any sellers but plenty of buyers.

After the drama, LOLC announced the 10:1 share split.

SEC introduced the price band to curb manipulation but manipulators (professional traders) used this method to drain more money out of retailers.

One of famous mudalai’s family had involved in some of these smart movements.

As far as I can remember, counters like CARS/BUKI ( CFIN & RICH also?) had similar sort of trend.

LOLC has come a longway since then but their turbulent time is yet to be over.

6LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 3:08 pm

dudi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
thanks Ukboy.unbelievable.looks like LOLC will never reach 1600 again

7LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 3:19 pm

hunter

hunter
Moderator
Moderator
@dudi wrote:thanks Ukboy.unbelievable.looks like LOLC will never reach 1600 again

I guess 1600 means 160 after the split.

8LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 4:11 pm

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@hunter wrote:
@dudi wrote:thanks Ukboy.unbelievable.looks like LOLC will never reach 1600 again

I guess 1600 means 160 after the split.

it was split at 1300, one share was 130 and later gone up to 138.

9LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 4:22 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
LOLC was then undervalued and even now well ....

Their debt problems which are so large it's no longer funny Razz 

However I can easily see this share trading at very high levels 5 years from now

By balance sheet, it is the largest local private sector firm. Time to admit it Wink

10LOLC takeover of Browns Empty Re: LOLC takeover of Browns Tue Jul 16, 2013 8:54 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@rainmaker,

If you compare financial assets, then banks are larger

11LOLC takeover of Browns Empty Re: LOLC takeover of Browns Wed Jul 17, 2013 8:15 am

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@dudi wrote:thanks Ukboy.unbelievable.looks like LOLC will never reach 1600 again

Many got caught to LOLC at that time and burned their fingers. Until they have this memory they will not touch this share. People who bought LOLC at RS 28-35 level in 2012 down trend (ASI 4800) are still luckier.

12LOLC takeover of Browns Empty Re: LOLC takeover of Browns Wed Jul 17, 2013 8:45 am

hunter

hunter
Moderator
Moderator
@hettdas wrote:
@dudi wrote:thanks Ukboy.unbelievable.looks like LOLC will never reach 1600 again

Many got caught to LOLC at that time and burned their fingers. Until they have this memory they will not touch this share. People who bought LOLC at RS 28-35 level in  2012 down trend (ASI 4800) are still luckier.

Well, in my view, luckier (or Smarter) ones bought below 35/- and sold at 70/- gaining 100% within 6 months. Someone with basic understanding on TA would have done easily.

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