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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CIFL have chance to up 1.9 an 2 level..

CIFL have chance to up 1.9 an 2 level..

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kapifm


Manager - Equity Analytics
Manager - Equity Analytics
machaann    Ruwan 326......

remember  few weeks ago what i have shared here in the forum.......

i bought CIFL for 1.10 and sold for 2.00   it was a huge profit for me...even my broker  have told me exit from the crap   however luck was on my side ....agree  with you  all    CIFL  is  a crap.....but  one  thing   i should say......   high  Risk!!!!    High  Profit!!!   you  may  not agree with me.......
good  day  machannn

Neluka Karannagoda


Manager - Equity Analytics
Manager - Equity Analytics
This share will suspend soon as what happened to PC house PC pharma. So quite as soon as possible.

PrasannaMani


Manager - Equity Analytics
Manager - Equity Analytics
It's like marrying a dead female. ....

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Don't touch cifl now .


බුන්වත් මූල්‍ය ආයතන 4ක් මහ බැංකුව අනාවරණ කරයි



මූල්‍ය පද්ධතිය කෙරෙහි ඇති මහජන විශ්වාසය ආරක්ෂා කිරීම පිණිස අදාළ නීතිමය ප්‍රතිපාදනවලට අනුකූලව බුන්වත් මූල්‍ය ආයතන 4ක් අනාවරණය කිරීමට ශ්‍රී ලංකා මහ බැංකුව කටයුතු කර තිබේ.

ද ස්ටෑන්ඩර්ඩ් ක්‍රෙඩිට් ෆිනෑන්ස් ලිමිටඩ්, සිටි ෆිනෑන්ස් කෝපරේෂන් ලිමිටඩ් සහ සෙන්ට්‍රල් ඉන්වෙස්ට්මන්ට්ස් ඇන්ඩ් ෆිනෑන්ස් පීඑල්සී යන මුදල් සමාගම් තුන සහ එන්ට්‍රස්ට් සෙකියුරිටීස් පීඑල්සී සමාගමේ රාජ්‍ය සුරැකුම්පත් හා සම්බන්ධ නීත්‍යනුකූල ආයෝජකයන්ගේ මුදල් ආපසු ගෙවීම සඳහා නිරාකරණ ක්‍රමවේදයක් ඔක්තෝබර් 14 වැනිදා පැවති මුදල් මණ්ඩල රැස්වීමේදී අනුමත කර තිබේ.

මෙම නිරාකරණ සැලැස්ම නීතිමය වශයෙන් තහවුරු කරගත් පසු මෙම සමාගම් අදාළ නීතීන් අනුව ඈවර කිරීම සිදුකරනු ඇත. එමෙන්ම, අවශ්‍ය පරිපාලන ක්‍රියාමාර්ග සම්පූර්ණ කිරීමෙන් පසුව ශ්‍රී ලංකා මහ බැංකුව විසින් එහි තොරතුරු තැන්පත්කරුවන් සහ ආයෝජකයන් වෙත ඉදිරි කාලයේදී නිවේදනය කරනු ඇත. මෙම සමාගම් සතුව වත්කම් නොමැති බැවින් සහ ඒවා යථාතත්ත්වයට පත්කොට තැන්පත්කරුවන් සහ ආයෝජකයන් වෙත මුදල් ආපසු ගෙවීම සඳහා කිසිදු ආයෝජකයෙකු විසින් කැමැත්තක් නොදක්වන බැවින් ශ්‍රී ලංකා මහ බැංකුවට ඉතිරි වී ඇති එකම විකල්පය මෙම නිරාකරණ සැලසුම බව මුදල් මණ්ඩලයේ අදහස් වී තිබේ.

PrasannaMani


Manager - Equity Analytics
Manager - Equity Analytics
[size=32]Central Bank to the rescue[/size]
2016-10-19 00:04:19
     

  • Four financial institutions to be covered
  • Rs. 16.5 bn to be disbursed through cash and government securities
  • Repayment of deposits and investments to  commence beginning  2017 
  • The companies will be dealt with through applicable laws for liquidation when repayment plan legally finalized

The Central Bank of Sri Lanka (CBSL) will dole out nearly Rs. 16.5 billion through cash and government securities for investors and depositors of four fraud-ridden finance companies starting from next year.
According to a CBSL statement, the Monetary Board that governs the monetary sector had approved the plan after concluding that there was no room to revive these companies. “The Monetary Board is of the view that this is the only option that now remains as there are no assets in these companies and no investors have been willing to revive these companies and repay (their) depositors and investors,” it said.
Accordingly, the 11,878 depositors of Standard Credit Finance Ltd., City Finance Corporation Ltd. and Central Investments and Finance PLC that faced bankruptcy in 2008 and 2009 due to fraud and mismanagement would be repaid Rs. 4.87 billion.


Further, repayments will occur for Rs. 3.1 billion in investments linked to government securities of 107 investors in the primary dealer Entrust Securities PLC which had defrauded customers by misusing their funds intended for investments in government securities.
The 24 individuals and companies which had placed unsecured investments of Rs. 8.51 billion in Entrust Securities would be compensated by means of allocating them government securities.
“The Monetary Board approved to repay deposits and investments annually commencing from 2017 over a reasonable period of time with a fair interest rate during this repayment period,” CBSL said.
It added that a repayment plan would be implemented with the managing support of Seylan Bank PLC, in the case of Entrust Securities, and that the four companies would eventually be liquidated.
“The Central Bank will complete the required administrative procedures and communicate details to all those depositors and investors. Once the repayment plan is legally finalized, those companies will be dealt with through applicable laws for liquidation,” CBSL said.


The regulator rebuked the investors and depositors of the 4 companies, saying that investing and depositing funds in such companies should be done after considering the risks and returns as well as the profiles of such organizations, even if they were being regulated by CBSL.
“Even large depositors and investors have been negligent in not undertaking the normal due diligence on risks and returns, despite being sufficiently knowledgeable and skillful to do so,” it said.
The 2016 budget had proposed to make all deposits at finance companies be provided a Central Bank guarantee.

New Enforcement Division to tackle rule breakers
In the face of such lapses in the non-banking financial sector, CBSL said that it would improve its regulatory and supervisory capacities and set up a new Enforcement Division to institute legal action against rule breakers in finance companies.
“The Central Bank will set up a new Enforcement Division in the Department of Supervision of Non-bank Financial Institutions to institute legal action against directors and managers who have been responsible for the frauds and misappropriation of funds and to make every effort to recover such funds from them,” CBSL said.


It added that the Enforcement Division would also monitor all existing finance companies for any fraudulent activities and bring them to book.


CBSL said that it was already acting in concert with law enforcement agencies to bring legal action against the management and directors of Entrust Securities.
“Further, action will be taken to address lapses in the Central Bank and to strengthen regulatory and supervisory mechanisms on a priority basis to ensure the safety and soundness of existing institutions,” it added.

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kapifm wrote:machaann    Ruwan 326......

remember  few weeks ago what i have shared here in the forum.......

i bought CIFL for 1.10 and sold for 2.00   it was a huge profit for me...even my broker  have told me exit from the crap   however luck was on my side ....agree  with you  all    CIFL  is  a crap.....but  one  thing   i should say......   high  Risk!!!!    High  Profit!!!   you  may  not agree with me.......
good  day  machannn
So when will be the next CIFL run???????? Very Happy Very Happy Very Happy Very Happy Very Happy

27CIFL have chance to up 1.9 an 2 level.. - Page 2 Empty CIFL FUTURE Wed Oct 19, 2016 9:38 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@kapifm wrote:machaann    Ruwan 326......

remember  few weeks ago what i have shared here in the forum.......

i bought CIFL for 1.10 and sold for 2.00   it was a huge profit for me...even my broker  have told me exit from the crap   however luck was on my side ....agree  with you  all    CIFL  is  a crap.....but  one  thing   i should say......   high  Risk!!!!    High  Profit!!!   you  may  not agree with me.......
good  day  machannn
So when will be the next CIFL run???????? Very Happy Very Happy Very Happy Very Happy Very Happy
Sorry to say it is going down..........
This is what gonna happen you relies on a agreement which never signed Mad Mad Mad Mad Mad

Might  go down less than 40/=
CIFL have chance to up 1.9 an 2 level.. - Page 2 D345rt10

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
"So when will be the next CIFL run???????? "

Menna next run:

මෙම නිරාකරණ සැලැස්ම නීතිමය වශයෙන් තහවුරු කරගත් පසු මෙම සමාගම් අදාළ නීතීන් අනුව ඈවර කිරීම සිදුකරනු ඇත.

ඈවර කරනව කියන්නේ වෑවර බීල කෝම්බෙ බැද්දට විසිකරනව වගෙ දෙයක්.

ShiraBoy


Senior Equity Analytic
Senior Equity Analytic
http://forum.srilankaequity.com/t53041-4-including-cifl#328367

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
@troy wrote:Wait and see... all craps have their day toooo....

I think today is the day  Cool Cool Cool Cool Cool Cool Cool Cool

31CIFL have chance to up 1.9 an 2 level.. - Page 2 Empty Re: CIFL have chance to up 1.9 an 2 level.. Thu Oct 20, 2016 11:11 am

ShiraBoy


Senior Equity Analytic
Senior Equity Analytic
ඕක උඩ යයි කියල තවත් බලන් ඉන්න එපා...සොරි තමා කියන්න තියෙන්නේ...

19 Oct 2016 CENTRAL INVESTMENTS & FINANCE PLC & ENTRUST SECURITIES PLC - PRESS RELEASE ISSUED BY THE DEPARTMENT OF SUPERVISION OF NON-BANK FINANCIAL INSTITUTIONS OF CENTRAL BANK OF SRI LANKA
https://cdn.cse.lk/cmt/upload_cse_announcements/9371476854634_.pdf

32CIFL have chance to up 1.9 an 2 level.. - Page 2 Empty Re: CIFL have chance to up 1.9 an 2 level.. Thu Oct 20, 2016 11:38 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Sachin 999 wrote:Some party collecting 1.7level now,
Ko me Sachin 999?????????????? Very Happy Very Happy Very Happy Very Happy

This kind of promoters come and go.............
So if you are new to this forum check the joining date first........... Then check about his reputation.......... Some times expert brokers also here to sell crap................

Do your own research before invest.........
you can always check on CSE.lk  all the announcements and details ............
Good luck in the future investment

EquityChamp

EquityChamp
Moderator
Moderator
CIFL have issued ordinary shares to its defaulted depositors. I think all of them got share certificates. My mother has also got one. And the share certificates probably registered with CDS. I suspect the German story was created by the depositors themselves to push this up and dump on others. Can search for evidence to this incident.

fadhlilham

fadhlilham
Equity Analytic
Equity Analytic
@EquityChamp wrote:CIFL have issued ordinary shares to its defaulted depositors. I think all of them got share certificates. My mother has also got one. And the share certificates probably registered with CDS. I suspect the German story was created by the depositors themselves to push this up and dump on others. Can search for evidence to this incident.
How come there's no announcement then scratch ?

EquityChamp

EquityChamp
Moderator
Moderator
Yes. Fair question to ask but it has happened not just recently but some time back.

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