COMMERCIAL LEASING & FINANCE PLC (CLC.N0000)

Beyondsenses wrote:

Equity Win wrote:

Surajmp wrote:Today clc board will clear

Board Clear ?

No chance, another 10 MN should if board to clear. So much sellers

Still dumping big volumes on retailers  Board will never clear this way

Some crossings at 46.60🧐🧐

Niwa wrote:Some crossings at 46.60🧐🧐

Can't buy @ 46.60 . Price band should be 48.60????????

At 50!

Niwa wrote:At 50!

There is a big resistance at 47

Beyondsenses wrote:

Niwa wrote:Some crossings at 46.60🧐🧐

Can't buy @ 46.60 . Price band should be 48.60????????

It is with 20% price appreciation allowed within a day for those are in to S & P 20.

Board cleared

Niwa wrote:Board cleared

Nope. As I said

What is the range that capital trust have put out.
LOLC group is playing with everyone, should have disclosed this condition earlier and even now they ask us to refer some report.
Sad to see anyone not stepping in.

now game is started, foreigner's dream will come true 

Ct brokers always try put down clc price but this time clc will up above 60

Surajmp wrote:Ct brokers always try put down clc price but this time clc will up above 60

not 60 its 70+++

Riz123 wrote:

Surajmp wrote:Ct brokers always try put down clc price but this time clc will up above 60

not 60 its 70+++

Definitely

Surajmp wrote:

Riz123 wrote:

Surajmp wrote:Ct brokers always try put down clc price but this time clc will up above 60

not 60 its 70+++

Definitely

Could go beyond that but trade with care

Generally when activate clc it is still in collection phase

Captain wrote:

Surajmp wrote:

Riz123 wrote:

Surajmp wrote:Ct brokers always try put down clc price but this time clc will up above 60

not 60 its 70+++

Definitely

Could go beyond that but trade with care

Generally when activate clc it is still in collection phase

Agreed 100%

(E) The benefits of the amalgamation to the existing shareholders and to the amalgamating listed entities 

Some of the qualitative factors that should be considered by shareholders when evaluating the amalgamation of CLC with LOFC are discussed below. 

(i) Amalgamation strengthens the financial position of CLC stakeholders Central Bank of Sri Lanka highlighted the importance of amalgamations within the NBFI sector in June 2020 and May 2021. Sector consolidation was initially proposed in 2013 by the Central Bank to ensure enhanced financial system stability and to spearhead economic growth. The main objectives of sector consolidation which also positively impacts the amalgamation of CLC and LOFC include; 

 Enhancing the resilience and addressing the existing weaknesses through the creation of a large capital base  Strengthening the financial position and enhancing fund raising capabilities at the Company level through both equity and debt via strategic partners 

 Increasing potential to finance large-scale transactions 

 Widening the range of financial services provided 

 Improving the efficiency and profitability 

(ii) Cost rationalization in terms of branch network and staff strength through synergies between CLC and LOFC CLC’s stakeholders can benefit by leveraging on the network strength of LOLC Holdings PLC’s (LOLC) flagship finance company; LOFC and its ultimate parent; LOLC. The branch network of LOFC based on the FY21 Annual Report is set out below. (iii) Stronger market position as a combined entity with the backing from the Ultimate Parent of LOFC; LOLC LOLC is one of the largest Diversified Conglomerate in Sri Lanka with an Asset base of LKR 959.48 bn as at 30th September 2021. The financial services sector generated Net Earnings of LKR 11.66 bn in 1HFY22 and added 64.50% to Group Net Earnings. LOLC’s diversified portfolio of investments in the NBFI sector in Sri Lanka include LOFC, CLC and LOLC Development Finance PLC. LOLC also has regional presence In Asian markets; Cambodia, Myanmar, Indonesia, Philippines and Pakistan while also having presence in the African and Central Asian region. CLC is the 7th largest listed local player in the NBFI sector with an Asset base of LKR 92.06 bn as at 31st December 2021. Amalgamating with a leading industry player within the LOLC Group is consequently expected to result in Shareholders of CLC securing an Equity Stake in a larger and more profitable Entity with higher Return on Equity and much stronger Capital Base. Source: LOLC & CLC FY21 Annual Reports available on CSE website (www.cse.lk) & CLC Management Accounts dated 31st December 2021, CTP estimates 

(iv) The proposed surviving amalgamated Company will be able to achieve higher levels of fiscal and management efficiency in its operations. 

Currently both companies have the infrastructure in place for compliance, risk management, accounting, operations and IT. These functions will be consolidated and administered more efficiently in the amalgamated entity. This would result in economies of scale, better risk management, cost effective administration, branch rationalization, and prudent tax management etc. which would ultimately be accrued to the benefit of all the shareholders. 

above explains the reason for shareholders pay their attention more to the CLC these days

Lot of peoples try clc price down tomorrow they spred fake news but clc will hit 70+

Let's see how it goes guys. We don't know yet. We look at it carefully.

PhilT wrote:Let's see how it goes guys. We don't know yet. We look at it carefully.

Yes those fellows who took profit trying to do that but buying side will be more stronger ....

stockchaser wrote:

PhilT wrote:Let's see how it goes guys. We don't know yet. We look at it carefully.

Yes those fellows who took profit trying to do that but buying side will be more stronger ....

Those who have been trading with CLC in recent weeks will not be able to do so starting tomorrow. Selling high and buying low will not work starting tomorrow because this stock will continue to rise until the end of March.

Riz123 wrote:

stockchaser wrote:

PhilT wrote:Let's see how it goes guys. We don't know yet. We look at it carefully.

Yes those fellows who took profit trying to do that but buying side will be more stronger ....

Those who have been trading with CLC in recent weeks will not be able to do so starting tomorrow. Selling high and buying low will not work starting tomorrow because this stock will continue to rise until the end of March.

well said Riz.. can't wait 

Ready......
CLC

nish84 wrote:Ready......
CLC

Ready ready ....why not ... Guys what's about u all

More collection going on it will touch 70 sure

Oh my god this way it will not stop at 70🧐

May be board will clear today

Niwa wrote:Oh my god this way it will not stop at 70🧐

As per new prifit expectation at arround Rs. 2 EPS at consolidated entity if achive maximum 2 lofc share with reaching clc at 60 

Share holder would like to buy above 70 for sure

But still in collection phase

Massive Massive collection on CLC .

Last two Days 32 Million collection...