FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Maharaja Foods PLC (MFL) ready for the Fall!
by ChooBoy Today at 12:27 am

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Fri Jul 19, 2024 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Sat Jun 22, 2024 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

NIFL; Stock Market Manipulation?

Go down  Message [Page 1 of 1]

God Father

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

NIFL; Stock Market Manipulation? 43b30f10

ECONOMYNEXT – Sri Lanka’s LOLC Development Finance, a finance company known s Nanda Finance (NIFL) before is take-over has been driven up like a proverbial non-fungible token (NFT) in Western markets powered by Federal Reserve money printing.

NIFL rose to 495 rupees on June 28, up 23 percent, valuing the tiny finance company at 117 billion rupees, becoming the fourth largest company by market capitalization.

It now has a market cap bigger than Commercial Bank, the country’s largest private commercial bank.

It is also valued more than Sampath Bank and Hatton National Bank.

The former Nanda Finance posted revenues of 4.4 billion rupees in the year to March 31, valuing the firm at 26 times revenues.

Earnings were 65 cents a share for the year giving a price earnings multiple of 761 times. At 11.82 rupees net assets, the firm is trading at 41 times assets.

In the March quarter the firm lost money.

NIFL’s parent, LOLC Holdings was valued at 475 billion rupees.

https://economynext.com/sri-lankas-nifl-trades-like-an-nft-in-classic-cornering-amid-mmt-83471/

soileconomy, Nandun and Mr. Wayne like this post

Share this post on: reddit

avatar

Post Wed Jun 30, 2021 9:28 am by ChooBoy

CSE sleeping. CSE should immediately suspend trading and ask NIFL to fulfil the minimum listing float requirement.

nigma likes this post

avatar

Post Wed Jun 30, 2021 11:23 am by Mr. Wayne

ChooBoy wrote:CSE sleeping. CSE should immediately suspend trading and ask NIFL to fulfil the minimum listing float requirement.


LOL

avatar

Post Wed Jun 30, 2021 11:48 am by Equity Win

NIFL is next AMF

avatar

Post Wed Jun 30, 2021 11:50 am by Eranx

This will indirectly benefit in LOLC! When the gain for investments on subsidiaries, the valuation will be huge and that will have a impact on the reports!!!

avatar

Post Wed Jun 30, 2021 11:53 am by Eranx

Wait for the pump in CTC!!!

avatar

Post Wed Jun 30, 2021 11:58 am by SAGA

it seems its following NIFL pattern.no specific reason to go up but my advice is follow the trend specially with illiquid shares these days.just buy a little quantity like 100 shares and see.

Hitazz likes this post

avatar

Post Wed Jun 30, 2021 12:36 pm by God Father

NIFL Book Value is about 2.8bn but Market cap is 183bn. Earning only 153mn per annum.
Who is fooling whom?

NIFL; Stock Market Manipulation? Screen59
NIFL; Stock Market Manipulation? Screen60
NIFL; Stock Market Manipulation? Screen61

avatar

Post Wed Jun 30, 2021 12:51 pm by SAGA

Pls see below link for NIFL v CALF historical price comparison.


https://www.youtube.com/watch?v=rwaNcegziAs

avatar

Post Wed Jun 30, 2021 12:56 pm by shihan 93

NIFL; Stock Market Manipulation? 1f602  NIFL; Stock Market Manipulation? 1f602  NIFL; Stock Market Manipulation? 1f602

avatar

Post Wed Jun 30, 2021 3:55 pm by dhanushkacse

This is called grater fool theory, Find another fool than you.
We can see who are the winners of this rally in next share holders list

CHRONICLE™ likes this post

avatar

Post Wed Jun 30, 2021 9:30 pm by Wickyz

Bye Bye NIFL

CHRONICLE™

Post Wed Jun 30, 2021 9:50 pm by CHRONICLE™

CSE Disclosures by NIFL
https://cdn.cse.lk/cmt/announcement_portal_prod/LODF%20-%20Public%20Float%20-%20March%202020_25902806749050.pdf

NIFL; Stock Market Manipulation? Screen60
NIFL; Stock Market Manipulation? Screen59

avatar

Post Wed Jun 30, 2021 11:14 pm by EGG

Hi,
This letter was issued day before and I don't think this will have any impact to the current upward trend. If you look at the response from the company, it is evident that this share will further increase based on the parent company performance. Let's see ! Good luck all

Nandun dislikes this post

avatar

Post Thu Jul 01, 2021 2:41 pm by Vasyan

CALF is another Disaster

avatar

Post Thu Jul 01, 2021 3:04 pm by SAGA

its trading halted around 12.50 pm today on inquiry by CSE for unusual price increase.then the CEO senta letter mentioning that they are looking for a right issue pending Central bank approval.Pls see cse.lk on this

avatar

Post Thu Jul 01, 2021 3:12 pm by SAGA

it can go either way.it might go up like AMF (with the right issue announcement) or it can be a disaster.

avatar

Post Thu Jul 01, 2021 5:39 pm by Eranga87

SEC already started an examination of unusual trading. Be safe, don't take unnecessary risks following like these stocks.

SAGA likes this post

avatar

Post Thu Jul 01, 2021 9:00 pm by Wickyz

Are you bye NIFL ?????
🤑🤑😡

avatar

Post Thu Jul 01, 2021 9:01 pm by Wickyz

Wickyz wrote:Bye Bye NIFL
☝☝☝👆🙈🙈🙈

avatar

Post Fri Jul 02, 2021 12:41 pm by D.G.Dayaratne

I hope the best time to buy will come very soon

avatar

Post Fri Jul 02, 2021 9:40 pm by vikiperera

D.G.Dayaratne wrote:I hope the best time to buy will come very soon
2000+ yanawa

Post  by Sponsored content

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum