In the vicinity listing of LOCH – “LOLC CEYLON”

Niwa wrote:LOLC Ceylon Holdings Ltd.’s (LOCH) Rs. 1 billion listed debenture issue has been oversubscribed and closed on Wednesday, the official opening day.

LOCH issued 10 million Senior Listed Redeemable Rated Guaranteed two-year debentures of Rs. 100 each.

Secretaries to the issue SSP Corporate Services stated the issue received applications for over Rs. 1 billion and was closed on Wednesday evening as per the prospectus. It said the basis of allotment will be notified later.

The debentures offer 9.50% per annum payable annually. Minimum subscription was Rs. 10,000. Managers to the issue was Capital Alliance Partners Ltd.

LOCH has been created by LOLC to be the vehicle for large scale foreign investors to acquire minority stake in the finance company the parent owns.

The funds raised through the Debenture Issue are to partly finance the acquisition of LOLC Holding’s 55.55% equity stake in LOLC Development Finance (NIFL).

Post-listing of LOCH, the shares owned by LOLC in LOLC Finance PLC (LOFC) amounting to 44.79%, and shares owned in Commercial Leasing and Finance PLC (CLC) amounting to 98.92% will be transferred to LOCH, subject to receipt of relevant regulatory approvals (as applicable). In principle, approval from SEC and No Objection from Central Bank have been obtained for the share transfers of LOLC.
> https://www.ft.lk/financial-services...ibed/42-723747

ForeigNer wrote:Many Investors suspect that LOCH – LOLC CEYLON  will be listed in the CSE  before end of this month.
 

Quote : Prospectus Debenture Issue 2021

The funds raised through the Debenture Issue will be utilised to part finance the acquisition of
LOLC Holding PLC’s equity stake in LOLC Development Finance (“NIFL”) within 1 Months from the Date of allotment. As at the date of the prospectus LOLC Holdings PLC has a 55.55% stake in NIFL.

The purchase price for the share transfer of NIFL would be the latest market price of NIFL shares as per the requirement of SEC in its in principle approval. The share transfer shall be executed at the last traded price at the point of the share transfer.

Unquote
 
With the listing of LOCH many expect that CLC and LOFC counters will be appreciated in multiples.
According to the Technical s ,  both the counters flagged as “ BUY “ .
 
Best option :
Due to the high illiquidity of CLC , ( 99% own by the parent) can expect a very high demand for the counter in next week onwards making it the most sought after share in CSE.
 
Also understood that all shares in the public float of CLC  had been already traded above Rs 30/= in last ten days  , making current prices very attractive to make a re-entry.

Kethy wrote:many in enthusiasm of  LOCH ....  what is the big news or happening investors expect from LOCH ...?

is LOCH going to be some stock like EXPO ?

Shivanthini wrote:

ForeigNer wrote:

Prince wrote:


My logic here is ….  If CLC holds 50% of the NIFL …. Isn’t the Price of  CLC should reflect that ownership ratio in CLC  current price …?????




 
If so isn’t the market price of CLC should be always half the price of NIFL  …???????
 
 


@ Foreigner :   for your opinion please .?

@Prince


That is exactly whats going to be happen !





Extending my original predictions , if I go more precise with TPs ..






NIFL -  XXXX @ 1.2




CLC  -    XXX @  3.5




LOFC  -  XXX @  1.2





.... if you could understand the formula .




CLC is my best pick out of all three ...!

Thanks a lot to both the seniors.

svkiruba8@gmail.com wrote: where is@ Foreigner???  keep up updete Nifl - Lofc merger sentiment  

Equity Win wrote:

svkiruba8@gmail.com wrote: where is@ Foreigner???  keep up updete Nifl - Lofc merger sentiment  

He will come back with his team on time.

PhilT wrote:

Equity Win wrote:

svkiruba8@gmail.com wrote: where is@ Foreigner???  keep up updete Nifl - Lofc merger sentiment  

He will come back with his team on time.

Foreigner is like Homagama Wikcramarachchi Weda Mahatha