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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » NIFL end of trading 9th December

NIFL end of trading 9th December

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1NIFL end of trading 9th December Empty NIFL end of trading 9th December Fri Nov 28, 2014 6:26 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

2NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Fri Nov 28, 2014 6:46 pm

NZ BOY

NZ BOY
Moderator
Moderator
@Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky


http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf


yes

any one know legal situation
how can they delist in this short period?

3NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Fri Nov 28, 2014 6:47 pm

RPPA


Expert
Expert
@NZ BOY wrote:
@Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky


http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf


yes

any one know legal situation
how can they delist ?
Same Scenario as TFIL. Shocked

4NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Fri Nov 28, 2014 6:54 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Try to take the legal action against CLC

buddikasmart

buddikasmart
Manager - Equity Analytics
Manager - Equity Analytics
@Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf
Evil or Very Mad Twisted Evil Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad
Ahinsaka podi minihatamane kelinda hadanne Sad

6NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Fri Nov 28, 2014 7:18 pm

NZ BOY

NZ BOY
Moderator
Moderator
@buddikasmart wrote:
@Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf
Evil or Very Mad Twisted Evil Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad
Ahinsaka podi minihatamane kelinda hadanne Sad

yes this is not good

we never expect these kind of thing

7NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Fri Nov 28, 2014 7:20 pm

NZ BOY

NZ BOY
Moderator
Moderator
@Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

people who bought credit what is happening to them

8NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Fri Nov 28, 2014 9:29 pm

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It's too bad. Mad Mad Mad

9NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sat Nov 29, 2014 9:33 am

market maxx


Equity Analytic
Equity Analytic
now it's broken my trust on CSE. how they force to share holders to sell their share to any one? this in n unethical situation and all the investors should be against such kind of decisions. if we kept silents next time it will be coming against another share.
also this will badly affect to the foreign investors decisions. how can they trust market with this kind of decisions??????????

10NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sat Nov 29, 2014 10:20 am

Nuwan Samarawickrama


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can't we ask our cost of shares from CLC ????

Aiyo ape salli...!!!

11NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sat Nov 29, 2014 10:57 am

siga

siga
Stock Analytic
Stock Analytic
Experts Please advice what we can do on this situation?? only losses ????

12NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sat Nov 29, 2014 12:40 pm

RPPA


Expert
Expert
@siga wrote:Experts Please advice what we can do on this situation?? only losses ????


Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that. NIFL end of trading 9th December Icon_cry 

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.  NIFL end of trading 9th December Icon_mad 

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. NIFL end of trading 9th December Icon_question

13NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sat Nov 29, 2014 1:04 pm

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We need raise our voice against this type of actions.
What will happen if someone buy below Rs.9.70 next week and keep in his PF. He will earn something.
Seems like it's good???

14NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sat Nov 29, 2014 1:33 pm

SM2014

SM2014
Manager - Equity Analytics
Manager - Equity Analytics
@RPPA wrote:
@siga wrote:Experts Please advice what we can do on this situation?? only losses ????


Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that. NIFL end of trading 9th December Icon_cry 

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.  NIFL end of trading 9th December Icon_mad 

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. NIFL end of trading 9th December Icon_question

Following is an extract from my previous posts. Be careful even with DFCC

Dear member be careful with finance consolidation process. Following are factors

First, more than 50% shares of those companies may be are acquired

The remaining share holders will be offered a mandatory offer

Then,thereafter these companies may be merged. In that process what will happen to those minority share holders who did not accept the mandatory offer ?

Those MI shareholder will be issued parent company's share. At what price?

If you have bought shares at above the mandatory offer, you will get parent company's shares but we dont know at what price?

Then there is a possibility to come the price down to mandatory offer price of those finance companies. This may lead to a drastic market downfall.

Ex. COCR acquired TIFL at 28. then what happen to those who have bought TIFL at 40+ if these two companies merged. The remaining share holders will get cocr shares. But at what price? if cocr issues shares at below mp, then cocr price may come down.

If i am not mistaken MBSL issued shares at NAPS basis for those other two companies.

We need to wait till one merger happens. So be careful with trading above the mandatory offer.


Open to discuss for you dear members

15NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sun Nov 30, 2014 6:56 am

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hey guys can somebody advice me on NIFL??? I have bought 50,000 share at the prices of Rs.11-13. And I don't have money to buy it at lower price since I have a margin call which I have to settle on monday.

What shall I do???
If I sell NIFL at current price I will be incurring a loss of alomost Rs.100,000/- since my average is Rs.12.30 per share.

Your valuable advice in this regard is very much appreciated..

16NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sun Nov 30, 2014 7:14 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
I think we have to seriously look at some facts regarding to NIFL.
Why we should buy this above Rs 9.70 since big buyer paid only that much.
This share was highly discussed here and most of us were unable to think of a such incident.
Does it carry a value of currently trading price.

17NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sun Nov 30, 2014 9:15 am

RPPA


Expert
Expert
@indi009 wrote:Hey guys can somebody advice me on NIFL??? I have bought 50,000 share at the prices of Rs.11-13. And I don't have money to buy it at lower price since I have a margin call which I have to settle on monday.

What shall I do???
If I sell NIFL at current price I will be incurring a loss of  alomost Rs.100,000/- since my average is Rs.12.30 per share.

Your valuable advice in this regard is very much appreciated..

Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that. NIFL end of trading 9th December Icon_cry 

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.  NIFL end of trading 9th December Icon_mad 

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. NIFL end of trading 9th December Icon_question

indi009

We don't have any choice now. Crying or Very sad

We have to recover the loss from some other stock.If any buyers available above @ 9.70 sell off. 

Don't worry i'll help you to recover the loss in best possible way. Very Happy

After selling NIFL how much if liquidity you will have.

18NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sun Nov 30, 2014 9:26 am

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@RPPA wrote:
@indi009 wrote:Hey guys can somebody advice me on NIFL??? I have bought 50,000 share at the prices of Rs.11-13. And I don't have money to buy it at lower price since I have a margin call which I have to settle on monday.

What shall I do???
If I sell NIFL at current price I will be incurring a loss of  alomost Rs.100,000/- since my average is Rs.12.30 per share.

Your valuable advice in this regard is very much appreciated..

Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that. NIFL end of trading 9th December Icon_cry 

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.  NIFL end of trading 9th December Icon_mad 

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. NIFL end of trading 9th December Icon_question

indi009

We don't have any choice now. Crying or Very sad

We have to recover the loss from some other stock.If any buyers available above @ 9.70 sell off. 

Don't worry i'll help you to recover the loss in best possible way. Very Happy

After selling NIFL how much if liquidity you will have.


Thanks alot RPPA.

After selling off NIFL I will have about Rs.150,000/- hopefully. I have CINV about 15000 shares. But it came from 113-94 levels that also effected alot for my margin call.

Fortunately I bought 10,000 shares when it was trading Rs.95 levels couple of months back.

19NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sun Nov 30, 2014 9:30 am

RPPA


Expert
Expert
indi009


CINV is a good share no doubt. But never buy it when a run is on.As it never sustain @ those prices when market is falling. Below 105/- far better. 

20NIFL end of trading 9th December Empty Re: NIFL end of trading 9th December Sun Nov 30, 2014 3:28 pm

siga

siga
Stock Analytic
Stock Analytic
RPPA, we all are in the same boat ............  Very Happy Very Happy Very Happy Very Happy Very Happy

We got the risks, when we are trade the NIFL, Now

We are looking for your valuable advice to recover the losses ......  

bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce

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