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LOLC Alarm Bells!

+7
wisdom79
vikiperera
Promoney
ColomboCSE
Winner123
Teller
Quibit
11 posters

Go down  Message [Page 2 of 1]

21LOLC Alarm Bells! - Page 2 Empty Re: LOLC Alarm Bells! Tue Jan 07, 2020 7:14 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics

Quibit wrote:
Quibit wrote:Wonder whether this entire LOLC deal is to manipulate the market by some insiders connected with the majority shareholders., LOLC officially said that money is not coming to sri lanka? Where is it going! Will LOLC shareholders ever benefit from this deal? LOLC has never paid a dividend to its shares holders in the past!!

Ishara Nanyakkara will be the richest guy on books but he has not brought his wealth to Sri Lanka. Shareholders only change hand shares and insiders traders and from runners will immensely benefit from this at the expense of small shareholders which we need to protect in this forum.

SEC should investigate all transactions of LOLC.

Profit should be retained with LOLC in Sri Lanka and distributed to shareholders as dividends.
What are the regulations governing the foreign investment by Sri Lankan companies and repatriation of profits?

How can money come to Sri Lanka when PRASAC is held by LOLC singapore ? But ofcourse all the Profits are owned by LOLC - SL as its 100% owned. If LOLC Si lanka need cash, they have to ask LOLC singapore to declare dividends..

In anycase its only a "Where is cash" story. Result is same...

22LOLC Alarm Bells! - Page 2 Empty Re: LOLC Alarm Bells! Tue Jan 07, 2020 7:17 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics

As indicated LOLC Singapore will utilise most of these Funds to buy other Micro Finance in India, Africa etc...As exchange regulations are relaxed uin Singapore LOLC can do this effectively, unlike here with all the red tape.. Good move anyway...Only Govts to blame..Not LOLC Fault. People shoudl have the right to move in and out the money they own without Govt regulations..

23LOLC Alarm Bells! - Page 2 Empty Re: LOLC Alarm Bells! Tue Jan 07, 2020 7:24 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics

LOLC plans to build the World's biggest Micro-Finance Network using a Singapore listed LOLC, also LOFC, CLC, NIFL will be part of it.. Good move..

24LOLC Alarm Bells! - Page 2 Empty Re: LOLC Alarm Bells! Tue Jan 07, 2020 7:34 pm

Teller


Moderator
Moderator

Micro finance business may suitable for other countries but not for sri lankan women.😂😂😂😂😂😂

25LOLC Alarm Bells! - Page 2 Empty Re: LOLC Alarm Bells! Tue Jan 07, 2020 9:46 pm

engineer


Manager - Equity Analytics
Manager - Equity Analytics

Teller wrote:Micro finance business may suitable for other countries but not for sri lankan women.😂😂😂😂😂😂


oh come on Teller don't be such a sexist  Shocked

26LOLC Alarm Bells! - Page 2 Empty Re: LOLC Alarm Bells! Tue Jan 07, 2020 10:54 pm

Teller

Teller
Moderator
Moderator

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

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