SOFTLOGIC HOLDINGS PLC (SHL.N0000)

jason12 · 51 Corona Virus - Latest Updates Fri Mar 13, 2020 12:21 pm

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fastandeasygrowth wrote:This loan will be utilised when market go below 3900ASPI

Do you think is it too late to sell shares? or do u have a time line when it will pick up again in may/june considering the current scenario?

fastandeasygrowth · 52 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:27 pm

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@Jason - Im currently calculating on that. this will totaly (say80%)depand on corona penitration in srilanka. if corona goes like in italy u dont need my advice ne. market will come down to 3000 levels

jason12 · 53 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:30 pm

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Could you pls answer with regard tothe question below

"do u have a time line when it will pick up again in may/june considering the current scenario?"

God Father · 54 Ashok Pathirage manipulating Softlogic Share Price Fri Mar 13, 2020 12:45 pm

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God Father · 55 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:50 pm

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ChooBoy · 56 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:52 pm

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He is trying to maintain SHL Price at LR 14/= to get a USD 300mn Banking Facility.
This is not manipulation Smile

God Father · 57 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 1:09 pm

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fastandeasygrowth

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if this deal happened i will file a case in criminal court against all NDB officials involved regarding this fraud.
NDB SH should talk about this. NDB will be bankrupt when SHL share price go down

ColomboCSE · 59 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Sat Mar 14, 2020 5:27 pm

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What I seen "Mr. Pathirage Purchase and all others selling Very Happy

"

how much shares he can Purchase without issue in "minimum public holding" ????

Teller · 60 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Sat Mar 14, 2020 5:42 pm

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SHL is in trouble now. I analyse its cash flow. This share should come below 8

Quibit · 61 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Sun Mar 15, 2020 11:45 am

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Buying his own company shares when market is falling is not manipulation. Smile

If two investors get together and trade then its called manipulation.
Visit SEC website to learn more information; http://www.sec.gov.lk/?page_id=426

OFFENCES UNDER THE SEC RULES GAZETTE NO.1215/2 OF 18TH DECEMBER, 2001

In addition to the specific offences set out above, the contravention of any of the provisions of the SEC Act or Rules and Regulations made thereunder shall be an offence as stipulated in Section 51(1)(a) referred to above.

(11) Rule 12: Any person who creates a false or misleading impression of active trading or a false or misleading impression regarding the price of any securities shall be guilty of an offence.
(12) Rule 13: Any person who creates a false market in listed securities shall be guilty of an offence.
(13) Rule 14: Any person who front-runs his client in the manner provided in Rule 14 shall be guilty of an offence.
(14) Rule 16: Any listed company which does not supply with immediate effect any price-sensitive information concerning such company to the stock exchange is guilty of an offence.

NANDANA2012 · 62 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Mar 17, 2020 10:32 am

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ChooBoy wrote:He is trying to maintain SHL Price at LR 14/= to get a USD 300mn Banking Facility.
This is not manipulation

Almost 50 Billion Rupees ? Is that possible ?

Teller · 63 Softlogic group Salary cut by 40% Wed Apr 08, 2020 4:57 pm

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i told prior to Corona even , Softlogic group is having some cash flow issues. How ever now they have decided to cut employees salary by 40% also stop the bonuses. Remember bonuses pay through past earnings ,so its not ethical to this cut.

Sri Lanka’s Softlogic has cut salaries of top executives between 20 to 30 percent, as curfews imposed to curb Coronavirus disrupted business and hit cashflows.

Salaries of employees getting below 50,000 rupees have not been cut.
Bonuses and overtime has also been suspended.

“This measure is an initiative that you will no doubt concur with as we steer the Group during turbulent times to avert the potential high incident of retrenchment that may otherwise become unavoidable during the coming months,” Chairman Ashok Pathirage said in a note to staff.

“At this moment, we will do our best to control what is within our ambit with foresight although there is little we can do to mitigate factors beyond the control of human intervention.”

samaritan · 64 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Wed Apr 08, 2020 6:01 pm

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What measures would he take as head of Sri Lankan Airlines as it is already a mega loss making entity?

Teller · 65 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Wed Apr 08, 2020 6:02 pm

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@sama, agree 100%

Yahapalanaya · 66 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Thu Apr 09, 2020 3:01 am

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Why should employees take responsibility for loss making airline while politicians making wrong decisions...

samaritan · 67 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Thu Apr 09, 2020 11:47 am

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Yahapalanaya wrote:Why should employees take responsibility for loss making airline while politicians making wrong decisions...

Right now its Covid-19 decides and not politicians until an antidote/vaccine is found. Its a challenge to the whole world, b'cos life cannot return to normal till the threat exists.

Yahapalanaya · 68 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Apr 10, 2020 3:42 am

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samaritan wrote:

Yahapalanaya wrote:Why should employees take responsibility for loss making airline while politicians making wrong decisions...

Right now its Covid-19 decides and not politicians until an antidote/vaccine is found. Its a challenge to the whole world, b'cos life cannot return to normal till the threat exists.

Srilankan airline started loss making before Covid-19 problem since O/L failed CEO from king family.That is nothing to do innocent employees who don't desrerve to a salary cut. Evil or Very Mad

Teller · 69 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Apr 10, 2020 5:03 am

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JKH has decided to salaries, more info to follow...

ColomboCSE · 70 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Apr 10, 2020 7:59 pm

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@Teller where did u find out softlogic salary cut?

Teller · 71 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Apr 10, 2020 10:05 pm

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@colombo cse,

https://economynbusinesssl.com/2020/04/09/covid-19-%E0%B6%B4%E0%B7%8F%E0%B6%A9%E0%B7%94%E0%B7%80-%E0%B6%B8%E0%B7%90%E0%B6%9A%E0%B7%93%E0%B6%B8%E0%B6%A7-%E0%B7%83%E0%B7%9C%E0%B7%86%E0%B7%8A%E0%B6%A7%E0%B7%8A%E0%B6%BD%E0%B7%9C%E0%B6%A2%E0%B7%92/

Nishan Cooray · 72 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Apr 14, 2020 7:26 pm

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Is there any provisions to reduce the salary in labour laws

Teller · 73 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Wed Apr 15, 2020 12:37 am

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This is an extraordinary case, so labour law may not work

bhanu · 74 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Mon Jun 15, 2020 9:42 pm

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Director keep buying.. are we missing something?

ColomboCSE · 75 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Jun 16, 2020 1:04 am

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for me softlogic is very risk and high debt with continue loss. even Asiri also profit reduced.
hope now they can not buy more...
[url=https://cdn.cse.lk/cmt/announcement_portal_prod/SHL - MPH_2741323440332634.pdf]https://cdn.cse.lk/cmt/announcement_portal_prod/SHL%20-%20MPH_2741323440332634.pdf[/url]

Teller · 76 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Jun 16, 2020 1:36 am

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I predicted this result nicely

chathura123 · 77 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Jun 16, 2020 12:56 pm

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ROE IS NEAR 6%
AND HIGH AMOUNY OF DEBT. IT IS TOO RISKY .WHY YOU BURN YOUR HAND WHEN THERE IS LESS RISKY AND GOOD RETURN STOCKS

wallstreetguy · 78 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Jun 16, 2020 1:53 pm

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I think Softlogic will end up bankrupt. I don't think it can survive in the post COVID environment. Ashok is trying to buy his own shares to boost confidence, but it is not working. This company looks like bankruptcy in the making due to its high debt

Jay-Jay · 79 SHL - Softlogic Holdings Mon Jun 29, 2020 1:33 pm

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SHL seem to be having a movement .

It was around 16/= before Covid.

And a pending dividend Jun / Jul .

ColomboCSE · 80 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Mon Jun 29, 2020 4:17 pm

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Jay-Jay wrote:SHL seem to be having a movement .

It was around 16/= before Covid.

And a pending dividend Jun / Jul .

-EPS with pending dividend Very Happy

. think wisely before investment

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SOFTLOGIC HOLDINGS PLC (SHL.N0000)

51 Corona Virus - Latest Updates Fri Mar 13, 2020 12:21 pm

jason12

52 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:27 pm

fastandeasygrowth

53 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:30 pm

jason12

54 Ashok Pathirage manipulating Softlogic Share Price Fri Mar 13, 2020 12:45 pm

God Father

55 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:50 pm

God Father

56 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 12:52 pm

ChooBoy

57 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Fri Mar 13, 2020 1:09 pm

God Father

58 NDB is going to give loan to ashok on manipulated SHL share prices Sat Mar 14, 2020 9:33 am

fastandeasygrowth

59 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Sat Mar 14, 2020 5:27 pm

ColomboCSE

60 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Sat Mar 14, 2020 5:42 pm

Teller

61 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Sun Mar 15, 2020 11:45 am

Quibit

62 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Tue Mar 17, 2020 10:32 am

NANDANA2012

63 Softlogic group Salary cut by 40% Wed Apr 08, 2020 4:57 pm

Teller

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65 Re: SOFTLOGIC HOLDINGS PLC (SHL.N0000) Wed Apr 08, 2020 6:02 pm

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