In the vicinity listing of LOCH – “LOLC CEYLON”

kanishkaecomm wrote:

stockchaser wrote:

Swissinvest wrote:Any indication of LOFC target.

Sky is the limit

It could be! But don't expect a run like CLC!

sanjulanka wrote:

kanishkaecomm wrote:

stockchaser wrote:

Swissinvest wrote:Any indication of LOFC target.

Sky is the limit

It could be! But don't expect a run like CLC!

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

Shivanthi_D wrote:

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

Theruney ... den thamai ....... !!!

Captain wrote:Yes when it happens I dont know these shares CLC LOFC where will headed toward some say 100 + or 200 + or even 300 +

With the massive incoming demand on the counter hope Guard of selling will run out of CLC shares to sell and which will be the point where a lot of new seeds will plant on the CLC paddy again those who harvested from its sister.

Cheers.

Captain wrote:Yes when it happens I dont know these shares CLC LOFC where will headed toward some say 100 + or 200 + or even 300 +

madukp wrote:

Captain wrote:Yes when it happens I dont know these shares CLC LOFC where will headed toward some say 100 + or 200 + or even 300 +

If the players could keep the momentum, CLC could reach 400 and easily get through the minimum shareholder's restriction

Winner123 wrote:Panic people will regret next week

Captain wrote:

Winner123 wrote:Panic people will regret next week

Transfer price is not disclosed in the announcement

Winner123 wrote:Panic people will regret next week. Lofc might reach half century.

Prince wrote:
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 .?

Swissinvest wrote:LARGEST OWNERS OF LOFC
LOLC PVT LTD = 49.81% (Name changed to LOLC ASIA PVT LTD)
LOLC CEYLON HOLDINGS LIMITED = 44.79%
https://www.companies.sg/business/201630001K/LOLC-ASIA-PRIVATE-LIMITED

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 ?