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NIFL; Stock Market Manipulation? Vote_lcap16%NIFL; Stock Market Manipulation? Vote_rcap 16% [ 43 ]
NIFL; Stock Market Manipulation? Vote_lcap21%NIFL; Stock Market Manipulation? Vote_rcap 21% [ 57 ]
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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » NIFL; Stock Market Manipulation?

NIFL; Stock Market Manipulation?

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God Father

avatar
Manager - Equity Analytics
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

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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

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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

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

NIFL is next AMF

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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!!!

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

Wait for the pump in CTC!!!

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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

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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

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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

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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

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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

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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

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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

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

CALF is another Disaster

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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

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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.

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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

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

Are you bye NIFL ?????
🤑🤑😡

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

Wickyz wrote:Bye Bye NIFL
☝☝☝👆🙈🙈🙈

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

I hope the best time to buy will come very soon

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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

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