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Monday hopefully Major R of Rs49 will be broken then Rs57 , Rs61.Bunz wrote:Bakkabwoi wrote:Captain wrote:Monday will decide the ratio based on price range clc may try to go towards 60Beyondsenses wrote:SFL amalgamation ruined CLC momentumWill be back in track before LOFC amalgamation for sure
https://cdn.cse.lk/cmt/announcement_portal_prod/CLC%20(1)_2182212554365496.pdf
And lofc lovers may try to buy more clc on Monday
After that when lofc moves move clc move respectively
If market coming to good direction lofc could
According to the way it was traded yesterday most probably CLC:LOFC ratio would be 1:3. In my opinion once the ratio is fixed same scenario will happen as happened in SFL/CLC. Prices would be dragged up linked together. I wouldn’t agree on the base price of 60 for CLC . It will definitely pushed up to 150 by LOFC traders. Technically it should happen as above but in practice would happen the other way; where CLC will pull up LOFC to newer heights. Cheers dudes. Good days ahead.
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