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Mahasen wrote:LOCH is formed taking out LOLC Holding's own share CLC 98%, LOFC 45% and NIFL 55.5%. 1B debenture issue money is to buy and pay 55.5% NIFL shares. So only LOCH will benefit and LOFC and CLC will be down to their original values. Beware of those who are promoting CLC and LOFC.
Equity Win wrote:If some body know the transfer price of NIFL to LOCH we can only evaluate the LOLC price appreciation. Beware of those who are promoting CLC and LOFC and see that all promotors are new comer in forum.
Equity Win wrote:If some body know the transfer price of NIFL to LOCH we can only evaluate the LOLC price appreciation. Beware of those who are promoting CLC and LOFC and see that all promotors are new comer in forum.
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Kethy wrote:Equity Win wrote:If some body know the transfer price of NIFL to LOCH we can only evaluate the LOLC price appreciation. Beware of those who are promoting CLC and LOFC and see that all promotors are new comer in forum.
Hey old timer ,
please read the Prospectus ,
or else I ll read it for you ,
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
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Prince wrote: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.
KEY points from above ,
Point 1) LOLC CEYLON is coming ..
Point 2) LOLC ASIA will be listed in Singapore soon ..
Point 3) Issued Debenture is as part payment of NIFL transfer to LOCH …
Now the NIFL is trading around Rs 500/= levels after hitting Rs 700/= recently and in a consolidation phase for fast few weeks . ( NIFL current price may be due the illiquidity or may be on expected prospects from LOLC ASIA ‘s operation in near future or may be on some other reason to be disclosed later )
CLC is the second largest shareholder of the NIFL holding almost 50% stake of the company .
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 .?
.
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Yes yes be patient . We can celebrate soon .Niwa wrote:No smoke without fire. Past few days we saw the smoke , will wait till the fire appears with crackers . I think the LOLC group will take the index up to that magical level even it’s not ethical ,anyway we have to live with this bad truth. This is the way , CSE and the country are running at the moment.
ForeigNer wrote:Prince wrote:
@ Foreigner : for your opinion please .?
NIFL - XXXX @ 1.2
CLC - XXX @ 3.5
CLC is my best pick out of all three ...!
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Elite_SGX wrote:Today is the BIG DAY ...!!
its a New-Era from today onwards ... !!!!
LOCH ......................!! LOLC CEYLON ....... !!!
Vishwanarth wrote:At forming LOLC Ceylon Holding Co. plc, is there any offering to public as IPO prospectus? When LOFC CLC shares transfer to LOCH ?
Can anyone explain how LOLC ceylon common shares allocation is done? prospectus to be published?
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bizstock wrote:Sept 29 (Reuters) - Myanmar's currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices and businesses lost millions of dollars.
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 ...!
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