LOLC FINANCE PLC (LOFC.N0000)

Teller · **281** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 11:35 am

Teller

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Nanayakkara will never do it , there is a strong reason for that. Only experience person can see that. See i predicted 2/4 scenarios before Nanayakkara.

. He exactly did the right which i expected

wealth123 · **282** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 11:41 am

wealth123

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Lol,,see my previous msges and understand who am I.

glad · **283** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 11:44 am

glad

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LOFC is still under watch list for non-compliance of 'minimum public holding'.
How are they addressing that issue?

NANDANA2012 · **284** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 12:52 pm

NANDANA2012

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LOFC already sold big stake to Singapore Firm. Also their rights (at 4.65) also cud have bought by them..Cambodia deal do not affect LOFC ?

wealth123 · **285** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 12:55 pm

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LOFC will pass 6.50 in due course, Peope who already bought do not sell.
Personal view.

Promoney · **286** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 1:20 pm

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The sale of the Cambodian venture has been on the cards for months now, together with the delisting of the 3 subsidiaries. Majority of LOFC stake has already been tranferred to Singapore few months back. If they are going to look for a strategic investor for part of this stake, it makes sense to delist LOFC in Sri Lanka and have 100% ownership within the group.
Part of the proceeds from the sale of the Cambodian venture may be used to delist LOFC, CLC and NIFL.

NANDANA2012 · **287** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 2:28 pm

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stockback wrote:

Teller wrote:Hahahhaa, have any one watched the "KHUUBIYO" කූබියෝ , Teledrama, if not i advise you to watch..thats in Youtube. There is a relationship LOFC and Khuubiyo

yes I can see it now...

if you say TAx reduction is effect to LOFC. actually its not only Effect to LOFC it should be effect to CSE...

Tax reduction is not a big issue...

The government will get money from small people...

then no need to worry about Government Financial situ

TAX reductuction very much affects CSE. But its a positive effect... Not a Negative BAD affect.. More Sales, Then More Profits, then again more balance profits.. Double affect for some companies..

vikiperera · **288** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 4:52 pm

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Let's see. Anyway some thing happen

NANDANA2012 · **289** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 6:43 pm

NANDANA2012

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Promoney wrote:The sale of the Cambodian venture has been on the cards for months now, together with the delisting of the 3 subsidiaries. Majority of LOFC stake has already been tranferred to Singapore few months back. If they are going to look for a strategic investor for part of this stake, it makes sense to delist LOFC in Sri Lanka and have 100% ownership within the group.
Part of the proceeds from the sale of the Cambodian venture may be used to delist LOFC, CLC and NIFL.

Yes. some shares were transfered / sold and then through rights issue almost whole thing (1:4 = About 23%, i guess) were also aquired by Singapore firm. Probably teller missed this ... ? BUT LOFC HAS NOT ISSUED MINORITY HOLDING NOTICE FOR THE MONTH OF OCT AS YET .... ? Can they do that? Arent this a violation of CSE rules ??

Promoney · **290** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 7:23 pm

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LOFC has been moved to a second tier board, where they have to report non-compliance only on a quarterly basis and not monthly. So they have till the end of December to rectify or report.

Based on circumstantial evidence, I feel something has to happen this month, coz LOLC is the 3rd most respected conglomerate, and Ishara wouldn't want main companies to continue faltering and being moved to lower boards like this..

Teller · **291** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 8:17 pm

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Most of the time your predictions are right and has a good argument for it. But I am at a loss to understand how Bank / "Finance get adversely affected when their taxes (DRL) are cut down, more economic activity and resultant more loans from Banks / Finance, Less Bad debts due to better income etc...PLS CLARIFY...."

I think you got the answer now. Ishara did what i guessed. He did this because of tax changes. He gets the advantage now to bring his outside funds without tax. Its sure now he will keep LOFC without delisting. In same way he will slowly make minimum public requirement .

Sajeewa Niranjan · **292** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 8:52 pm

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wealth123 wrote:LOFC will pass 6.50 in due course, Peope who already bought do not sell.
Personal view.

a couple of days back I sold my 10000 shares @ 0.20 lost Mad

NANDANA2012 · **293** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 9:06 pm

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Promoney wrote:LOFC has been moved to a second tier board, where they have to report non-compliance only on a quarterly basis and not monthly. So they have till the end of December to rectify or report.

Based on circumstantial evidence, I feel something has to happen this month, coz LOLC is the 3rd most respected conglomerate, and Ishara wouldn't want main companies to continue faltering and being moved to lower boards like this..

Oh.. Yes. I have missed that notice. Thanks.. What do you think ? Will they delist or sell off some of their shares ? I felt they were doing the sales though at a loss..

wealth123 · **294** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 9:30 pm

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To stop the delisting initial reason was LOFC's Deposit base,CBSL does not approve their request due to the huge Deposit base they have ( 110 Bn ).
Now the things has changed with new Govt.
Ishara will sell some part to saaky or satya capital as mentioned few days back.
After all share will adjust to CLC's price, I.e over NAV and will be around 6.30 - 6.60.
Wait and see, Target time framework is 1 - 4 Months.
Disc: Holding 1 Mn + Shares.

Promoney · **295** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 9:41 pm

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If the LOLC group has reduced their stake by even one share, it needs to be disclosed as a related party transaction. They transferred a big chunck around 6 months back from LOLC, sri lanka to their own subsidiary in Singapore, so its still within the group.
Question is why would Ishara divest more to meet the minimum public holding requirments, when finance companies have been given so.many incentives from the tax cuts.
I feel they will delist LOFC, CLC and NIFL and consolidate all these under the Singapore company. Ishara mentioned that he intends to.consolidate all the microfinance operations under the Singapore Company in the interview.
Later, he will list the that company in the Singapore Stock Exhchange which will give the group its due value.

Last edited by Promoney on Thu Dec 12, 2019 9:43 pm; edited 1 time in total

Teller · **296** Re: LOLC FINANCE PLC (LOFC.N0000) Thu Dec 12, 2019 9:42 pm

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Guys , i will promote my balance 2/4 scenarios , if ishara see it , all we are winners. Hahaa...khuubiyo

fireshelter · **297** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 12:33 am

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teller where new prediction Ral & Kzoo what happen

Teller · **298** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 3:26 am

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Recommended RAL @2, KZOo@2.90, so you know what happened

i did correct entry and exit

stockback · **299** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 10:06 am

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LOFC should move with LOLC bcz Sister company effects

hammurabi · **300** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 10:07 am

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LOLC FINANCE PLC (LOFC.N0000) - Page 12 46b72210

hammurabi · **301** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 10:08 am

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hammurabi wrote:

they have already proposed to delist. SEC approval pending

Miss-Sangeetha

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LOLC Holdings PLC today (12) announced that no finality has been reached to sell its stake in a unit in Cambodia.

In a stock exchange filing the company said; "upon certain parties indicating their interest in acquiring a stake in Prasac Micro Finance Institution Limited, Cambodia, LOLC Holdings PLC has been in the process of exploring possibilities of a sale of whole or part of its holding in Prasac. In any event, the sale of any shares in Prasac will require the prior approval of the National Bank of Cambodia."

However, no finality has been reached, with regard to the execution of any such transactions, the company said.

"An announcement will be made to the Exchange if it culminates in a conclusive transaction," the company added.

Source-Adaderana

LOLC FINANCE PLC (LOFC.N0000) - Page 12 Newspaper-Article-Published-on-12th-December-2019_2146920305022666

NANDANA2012 · **303** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 1:55 pm

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Promoney wrote:LOFC has been moved to a second tier board, where they have to report non-compliance only on a quarterly basis and not monthly. So they have till the end of December to rectify or report.

Based on circumstantial evidence, I feel something has to happen this month, coz LOLC is the 3rd most respected conglomerate, and Ishara wouldn't want main companies to continue faltering and being moved to lower boards like this..

They are not in Watch list but 2nd Board.

NANDANA2012 · **304** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 2:05 pm

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Promoney wrote:LOFC has been moved to a second tier board, where they have to report non-compliance only on a quarterly basis and not monthly. So they have till the end of December to rectify or report.

Based on circumstantial evidence, I feel something has to happen this month, coz LOLC is the 3rd most respected conglomerate, and Ishara wouldn't want main companies to continue faltering and being moved to lower boards like this..

They are not in Watch list but 2nd Board. I think they can stay there any longer now.. No need of de-listing...

hammurabi · **305** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 2:27 pm

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If delisting they will have to pay atleast 2.5 times the NAV. Thats around 13 Rs

NANDANA2012 · **306** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 13, 2019 7:10 pm

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hammurabi wrote:If delisting they will have to pay atleast 2.5 times the NAV. Thats around 13 Rs

Are u sure ? Pls explain..If NAV is higher than market price, paying NAV should be enough, i think...

vikiperera · **307** Re: LOLC FINANCE PLC (LOFC.N0000) Sat Dec 14, 2019 8:59 pm

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Lofc will be fire instead of lolc

wealth123 · **308** Re: LOLC FINANCE PLC (LOFC.N0000) Sat Dec 14, 2019 9:07 pm

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Any sudden change to fire LOFC ?
Can you please explain.

NANDANA2012 · **309** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 20, 2019 8:41 pm

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LOFC had been transfered to Watch List on Nov 7 2018, But now stays in the second Board. Can they transfer between Boards without a disclosure ? Also why they have not given minimum public holding notice after Oct 7 ? They have been disclsong tis every month.. What is the rule ??

Teller · **310** Re: LOLC FINANCE PLC (LOFC.N0000) Fri Dec 20, 2019 9:31 pm

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Its look like SEC is out of control now

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LOLC FINANCE PLC (LOFC.N0000)

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