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EXCHANGE RATE PREDICTION: 2022

Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_lcap11%Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_rcap 11% [ 21 ]
Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_lcap20%Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_rcap 20% [ 37 ]
Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_lcap28%Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_rcap 28% [ 52 ]
Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_lcap40%Commercial Credit buys nearly 96.89% of Trade Finance & Investments Vote_rcap 40% [ 74 ]

Total Votes : 184

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Commercial Credit buys nearly 96.89% of Trade Finance & Investments

Commercial Credit buys nearly 96.89% of Trade Finance & Investments

+4
shadow walker
Aubrey Perera
Runnerx
DealKing
8 posters

Go down  Message [Page 1 of 1]

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Commercial Credit (COCR) bought nearly 96.89% of Trade Finance & Investments at Rs.28.00 per share today to over Rs.1.5 billion.

As at 31st March 2014 the company's value was only Rs. 247,001,000 represented by 56,800,400  ordinary voting shares.

According to insiders though COCR bought the the company for over Rs.1.1 billion nearly Rs.500 million from the deal will be paid back to COCR Management by family members of Cooray Family and Ajith Fernando Cartel in a 'Kick Back' deal.

Insiders from Capital Alliance group notes that 'Deal' was done reflecting an artificial price appreciation value whilst some investors got caught up buying Commercial Credit at Rs.30 per share.

The shares of TFIL were mainly held by top hotel family from Negombo area the founders of Jetwing group who has a daughter married to Ajith Fernando of Capital Alliance group and several quantities of TFIL were also held by top stock market smart manipulating High Networth's who has pioneered companies such as AMW group in Sri Lanka...

Six months ago both TFIL & CALF was on sale for totalling to only Rs.1 billion whilst nobody bid for it finally COCR used part of the money got from US private equity firm to fund the acquisition.

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

How you find this article? Is this true or fals? According to this article, this is not real deal.

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

The deal is done !!!

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Runnerx wrote:How you find this article? Is this true or fals? According to this article, this is not real deal.

It is a deal but not for retail investors.

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

I know about that. Pleas give source of information.

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

This article is wrong. Please correct it.

shadow walker

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

http://www.adaderana.lk/bizenglish/commercial-credit-takes-over-98-of-trade-finance-investments/

http://www.randora.lk/index.php/lead-article/item/2976-trade-finance-investments

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

Shadowwalker is correct, ada derana and randora report is correct.
Please recorrect the dealking report.

Tfil 4% of reamaing shars are i have.

mark

mark
Expert
Expert

Aubrey Perera wrote:The deal is done !!!


and you are a winner Smile

NZ BOY

NZ BOY
Moderator
Moderator

shadow walker wrote:http://www.adaderana.lk/bizenglish/commercial-credit-takes-over-98-of-trade-finance-investments/

http://www.randora.lk/index.php/lead-article/item/2976-trade-finance-investments

yes true

if u have 25mn cash u can push this @50 easily Very Happy  

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

Hey! I have no that much..

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Runnerx wrote:Hey! I have no that much..

COMMERCIAL CREDIT සමාගමේ ඉතිහාසයෙන් බිදක්


මහනුවර ප්‍රනාන්දු නම් ව්‍යාපාරික පවුල විසින් ආරම්භ කිරිමට යෙදුන මෙම මුදල් සමාගම ඉසුරු ෆයිනෑන්ස් නම් සමාගමේ හිමිකරුවන් සමාගමේ අයිතියෙන් ඉවත්ව යාමත් සමඟම මෙහි බලය කොළඹ කේන්ද්‍රකර ගත් ආයෝජක පිරිසක් විසින් ලබා ගන්නා ලදි.


අගලවත්ත වැවිලි සමාගම ආශ්‍රීතව සේවය කළ රොෂාන් එගොඩගේ මහතා වත්මනෙහි මෙහි ප්‍රධාන විධායක වන අතර මොහු එයට පෙර ද ෆයීනෑන්ස් හි අධ්‍යක්ෂ /උප ප්‍රධාන විධායක ලෙසද කටයුතු කළේය.


විවිධ චෝදනා මත ද ෆයීනෑන්ස් හි සේවයෙන් මොහු ඉවත් කිරිමට එහි සභාපතිව සිටි ලලිත් කොතලාවල මහතා එවකට කටයුතු කරන අතර පසුව මොහු කම්කරු උසාවියේ මේ සම්බන්ධයෙන් ගොනු කළ පැමිණිල්ල හමුවේ ජයග්‍රාහකයෙකු වේ.


මේ වන විට කඩා වැටි ඇති CIFL සමාගමේ ප්‍රමුඛ ආයෝජකායාව සිටි මේ වන විට ජාත්‍යන්තර වරෙන්තු නිකුත් කර ඇති දිප්ති පෙරේරා හා පසුව එක්වන මොහු මෙම දිප්ති පෙරේරාගේ මුල්‍ය සමාගමක් හා Lumbini Aquaria LTD ප්‍රමුඛ ව්‍යාපාර වල නිල තලද දරයි.

පසුව BG Capital සහ BG Investments යන සමාගම් පිහිටුවා ගන්නා මොහු ඒ හරහා කොමාර්ෂල් ක්‍රෙඩ්ට් මුදල් සමාගමේ සියයට 77 කට අධික කොටස් අයිතියකට මේ වන විට හිමිකම් ලබා ඇත.

shadow walker

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

i think COCR will reach to 30 In this week.. Comments are welcome

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

No, it will go pass 30!
But not sure it happen within this week.

shadow walker

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

yes it pass 30 for sure.. Still 4 days remain in this week 30 could be this week

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

Yep! I am mainly target their report, after the report... . . Hit another 4, 5 rupees. Sure.

shadow walker

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

their statement should be good.. After that we could see COCR reach to 30 - 35 range

Runnerx


Manager - Equity Analytics
Manager - Equity Analytics

Yep!

mark

mark
Expert
Expert

shadow walker wrote:their statement should be good.. After that we could see COCR reach to 30 - 35 range

cat is out ne, why buying now?

Vichy

Vichy
Equity Analytic
Equity Analytic

Very interesting.... we observed this movement today.

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Very Happy 

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Made a huge profit of over half a million on this. Smile sold entire quantity .

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