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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CIFL Restructure starts

CIFL Restructure starts

+4
troy
SHARK aka TAH
shadow walker
piyalpy
8 posters

Go down  Message [Page 1 of 1]

1CIFL Restructure starts Empty CIFL Restructure starts Wed Jun 25, 2014 4:46 pm

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics

25 June, 2014 08:50 AM Source: Financial Times - Sri Lanka

The Court of Appeal has dismissed the writ application submitted by the depositors of Central Investments and Finance Plc (CIFL) last week.
The writ application was for a stay order against two conditions of the company restructuring proposal.
Following the dismissal, the stay order imposed on the implementation of the restructuring plan submitted by the Managing Agents with the approval of the Board of Directors and approved by Monetary Board in August 2013 was removed effective immediately.

Nearly 16M shares changed hands today...  Very Happy

2CIFL Restructure starts Empty Re: CIFL Restructure starts Wed Jun 25, 2014 7:37 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics

Tommorow is a big day for CIFL ....

3CIFL Restructure starts Empty Re: CIFL Restructure starts Wed Jun 25, 2014 8:01 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

I thought it was today

4CIFL Restructure starts Empty Re: CIFL Restructure starts Wed Jun 25, 2014 8:33 pm

troy

troy
Moderator
Moderator

SHARK wrote:I thought it was today

Na na... adane public une... ablic wenna thawa kal thiyenawa Laughing Laughing 

Surely not this week... this week only upward movements...

5CIFL Restructure starts Empty Re: CIFL Restructure starts Wed Jun 25, 2014 10:08 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics

Yep yep TROY
thawa kal thiyanawa.. Ita kalin profit eka aran exit wenawa..

6CIFL Restructure starts Empty Re: CIFL Restructure starts Wed Jun 25, 2014 10:12 pm

NZ BOY

NZ BOY
Moderator
Moderator

hoda hoda sellam heta aniddata balaganna puluvan manupalting
every where

7CIFL Restructure starts Empty Re: CIFL Restructure starts Thu Jun 26, 2014 9:55 am

aiyosalli

aiyosalli
Manager - Equity Analytics
Manager - Equity Analytics

Any price prediction........................Over 8mn sellers at 1.50

8CIFL Restructure starts Empty Re: CIFL Restructure starts Thu Jun 26, 2014 10:34 am

Meman


Manager - Equity Analytics
Manager - Equity Analytics

CIFL will get money from Liquidity Support Scheme (LSS) for any licensed finance company (LFC) If this happens quick it will give more than 200% within a week or so. Keep in mind there will be a convertion of some deposits to non voting so obviously will not be done at current prices. Non voting shares will come at less than the voting so the prices will be pushed up. Thats what I think.

9CIFL Restructure starts Empty Re: CIFL Restructure starts Thu Jun 26, 2014 10:40 am

troy

troy
Moderator
Moderator

talked with several brokers and all are very positive on this. big big collection going on.

ASIA sec and First capital brokers told this will hit 1.70 today. they strongly recommend to buy.

10CIFL Restructure starts Empty Re: CIFL Restructure starts Thu Jun 26, 2014 12:36 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics

troy
who told you CIFL goes to 1.70 Is it broker company or casino company
maximum price is 1.50
but i'm just exit at 1.40..

11CIFL Restructure starts Empty Re: CIFL Restructure starts Thu Jun 26, 2014 12:42 pm

troy

troy
Moderator
Moderator

friend wait till the day end.. so many plans for cifl. these ups and downs are inevitable,part of the game.

Just hold tight and watch

happy trading Laughing Laughing 

12CIFL Restructure starts Empty Re: CIFL Restructure starts Fri Jun 27, 2014 7:36 pm

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics

any collection going on ???????

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