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

» L B FINANCE PLC (LFIN.N0000)
by judecroos Today at 10:33 am

» Windforce IPO
by lokka1 Today at 9:50 am

» Will the Market Sluggish ?
by stockchaser Today at 9:20 am

» VFIN / VPEL / PABC - Share SPLIT or VTWO ?
by WealthKing Today at 8:07 am

» VPEL high return share
by stockchaser Yesterday at 6:47 pm

» TESS Agro PLC
by spksd Yesterday at 6:21 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Yesterday at 5:53 pm

» Crypto , Digital Currency Trading , Forex
by Dilip Yesterday at 5:09 pm

» EASTERN MERCHANTS PLC (EMER.N0000)
by Mr. X Yesterday at 12:07 pm

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Yesterday at 10:34 am

» VALLIBEL ONE PLC (VONE.N0000)
by wmsameera Yesterday at 9:59 am

» CFIN - Bonus Issue & Capitalization of Reserves
by wealth123 Yesterday at 9:57 am

» PAN ASIA BANKING CORPORATION PLC (PABC.N0000)
by wealth123 Yesterday at 9:54 am

» New Year Wishes for the Community
by samaritan Yesterday at 9:49 am

» DIPD/HAYC/HAYL
by wealth123 Yesterday at 9:44 am

» Creating portfolio index for performance measurement
by EquityChamp Tue Apr 13, 2021 7:27 pm

» DIALOG AXIATA PLC (DIAL.N0000)
by Nandun Tue Apr 13, 2021 1:35 pm

» Sri Lanka Development Update 2021 - World Bank Report
by ChooBoy Tue Apr 13, 2021 12:45 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Tue Apr 13, 2021 9:01 am

» Digital divide introduce new poor in Sri Lanka
by CHRONICLE™ Mon Apr 12, 2021 11:42 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™ » FINANCIAL CHRONICLE™ » LB Finance mulls Vallibel merger

LB Finance mulls Vallibel merger

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

1LB Finance mulls Vallibel merger Empty LB Finance mulls Vallibel merger Wed Jul 16, 2014 6:24 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka's third largest finance company LB Finance is exploring options of merging with Vallibel Finance as part of the Central Bank directive to create strong financial sector in the country, market sources said.

LB Finance's major loan impairment came down last year in the gold loan business due to the gold price slash. This year with the rise in gold prices, low bank interest rates and high GDP growth, its position has improved and is expected to improve in the coming year, Research Manager First Capital Research Dimantha Mathew told the Daily News Business.


LB Finance and Vallibel
Chairman Dhammika Perera
At present there are 58 financial companies in the country. Under the Central Bank of Sri Lanka ruling the number is to be reduced to 20 financial entities as part of the consolidation programme.

Mathew said that these two entities are looking at the option of merging with Vallibel Finance Plc. However, Vallibel Finance is owned by Vallibel investment. The entities high performance it has the largest deposit base out of all the finance companies with a deposit base of Rs 46 billion in financial year 2014 and to Rs 51 billion in next year, he said. Mathew also said that total asset base of the entity was Rs 60 billion in financial year 2014, while its asset base to reach Rs 69 billion next year with these new development in the company.

Further the company's current profitability has topped Rs 2 billion and it will increase 49 percent growth or Rs 2.3 billion for the financial year 2016.

LB Finance was incorporated in May 1971 as a private limited liability company and subsequently converted to a public limited liability company in 1982. The Company was listed on the Colombo Stock Exchange in 1998 and was re-registered in June 2008 under the new Companies Act No. 7 of 2007.

At the beginning, the majority shareholding was held by Lewis Brown and Company Limited. In 1994, Vanik Incorporation Limited acquired the controlling interest of the Company. Dhammika Perera,took over the company in 2003 and turned it around to be the vibrant and leading finance company that it is today.

LBF is a company in the Group of Vallibel One which is a diversified holding Company with strategic investments in financial services, tile and sanitary ware manufacturing and leisure.

- See more at: http://www.dailynews.lk/?q=business/lb-finance-mulls-vallibel-merger#sthash.Mdfh1q6P.dpuf

2LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 8:37 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
santa santa sunny 

3LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 10:55 am

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanx for the news, lfin.n half lot closed @145, bought @ 100
 Very Happy Very Happy 

4LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 11:10 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks for the news Harry82.

5LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 11:15 am

NZ BOY

NZ BOY
Moderator
Moderator
ha ha VFIN will hit @ 60 soon

6LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 11:28 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yes VFIN target price is Rs 70.
LFIN target price is Rs 180

7LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 2:18 pm

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Harry82 wrote:Sri Lanka's third largest finance company LB Finance is exploring options of merging with Vallibel Finance as part of the Central Bank directive to create strong financial sector in the country, market sources said.

LB Finance's major loan impairment came down last year in the gold loan business due to the gold price slash. This year with the rise in gold prices, low bank interest rates and high GDP growth, its position has improved and is expected to improve in the coming year, Research Manager First Capital Research Dimantha Mathew told the Daily News Business.


LB Finance and Vallibel
Chairman Dhammika Perera
At present there are 58 financial companies in the country. Under the Central Bank of Sri Lanka ruling the number is to be reduced to 20 financial entities as part of the consolidation programme.

Mathew said that these two entities are looking at the option of merging with Vallibel Finance Plc. However, Vallibel Finance is owned by Vallibel investment. The entities high performance it has the largest deposit base out of all the finance companies with a deposit base of Rs 46 billion in financial year 2014 and to Rs 51 billion in next year, he said. Mathew also said that total asset base of the entity was Rs 60 billion in financial year 2014, while its asset base to reach Rs 69 billion next year with these new development in the company.

Further the company's current profitability has topped Rs 2 billion and it will increase 49 percent growth or Rs 2.3 billion for the financial year 2016.

LB Finance was incorporated in May 1971 as a private limited liability company and subsequently converted to a public limited liability company in 1982. The Company was listed on the Colombo Stock Exchange in 1998 and was re-registered in June 2008 under the new Companies Act No. 7 of 2007.

At the beginning, the majority shareholding was held by Lewis Brown and Company Limited. In 1994, Vanik Incorporation Limited acquired the controlling interest of the Company. Dhammika Perera,took over the company in 2003 and turned it around to be the vibrant and leading finance company that it is today.

LBF is a company in the Group of Vallibel One which is a diversified holding Company with strategic investments in financial services, tile and sanitary ware manufacturing and leisure.


Followed by an untimely, unreliable news report that said LB Finance (LFIN) will merge with Vallibel Finance (VFIN) by former Editor of Bhimputh Group owned Digatha News and Corporate Publicity Head of Bhimputh Lanka Finance, Junior Lawyer H.D.H Senewiratne (who had shares from Bhimputh Private Placement prior to IPO) who currently works at Daily News, VFIN share skyrocketed with retail interest rising by over Rs.4.10 (11.17%) to nearly Rs.40.80 per share.

The report in Daily News quoted former Capital Alliance Stockbrokers employee  Dimantha Mathew who is now employed at First Capital Stockbrokers.

Earlier Nimal Perera and Dhammika Perera, top Directors of Vallibel Finance as well as Central Bank sources have already said in reports that Vallibel Finance and LB Finance will not be merged where as Vallibel will separately look to merge with other smaller finance companies.

Insiders say that Dimantha had some VFIN quantities which he wanted to divest at a profit and that H.D.H Senewiratne wrote a report with an indirect financial interest which could be challenged in the courts of Sri Lanka amidst Senewiratne being a Junior Lawyer.

Source - Sri Lanka Equity Forum Post under VFIN

8LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 2:23 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
DealKing ,\

Do you like to buy LFIn , VFIN at low price level?
 Evil or Very Mad Evil or Very Mad 

9LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 3:04 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
@Harry82 wrote:DealKing ,\

Do you like to buy LFIn , VFIN at low price level?
 Evil or Very Mad Evil or Very Mad 

 affraid 

10LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 3:09 pm

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
@Harry82 wrote:DealKing ,\

Do you like to buy LFIn , VFIN at low price level?
 Evil or Very Mad Evil or Very Mad 

 Question Question 

11LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 3:41 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote:DealKing ,\

Do you like to buy LFIn , VFIN at low price level?
 Evil or Very Mad Evil or Very Mad 

Harry, he had chosen a very approprite name i guess.

12LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 4:52 pm

Eng Krishantha

Eng Krishantha
Expert
Expert
Unfortunately I exit VFIN, after long period with me… I thought after dividend I will come down… but it wrong.

13LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 6:19 pm

NZ BOY

NZ BOY
Moderator
Moderator
more drama coming  Smile 

14LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Jul 16, 2014 11:56 pm

Eng Krishantha

Eng Krishantha
Expert
Expert
Very Happy Very Happy Very Happy Shocked Shocked Shocked Arrow Arrow Arrow 

15LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Thu Jul 17, 2014 5:48 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What would happen to day. Will give us a clue.

16LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Thu Jul 17, 2014 5:55 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
move to 145 , vfin move to 40.00 to 43.00

17LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Thu Jul 17, 2014 8:13 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote:move to 145 , vfin move to 40.00 to 43.00

Will see. cheers

18LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Thu Jul 17, 2014 11:03 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
lol! lol! 

19LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Thu Jul 17, 2014 1:36 pm

Meman


Manager - Equity Analytics
Manager - Equity Analytics
whats happening with AMF another merger?

20LB Finance mulls Vallibel merger Empty Re: LB Finance mulls Vallibel merger Wed Aug 06, 2014 4:04 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
lol! lol! lol! 

Sponsored content


Back to top  Message [Page 1 of 2]

Go to page : 1, 2  Next

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