FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Today at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Today at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Today at 10:39 am

» Container shipping stocks routed
by target1 Yesterday at 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Yesterday at 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Yesterday at 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Yesterday at 9:57 am

» Positive news to boost market sentiment
by samaritan Yesterday at 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CLC is the strongest among LOCH with the announcement..

CLC is the strongest among LOCH with the announcement..

+11
D.G.Dayaratne
Hope123
Basu
apphunter
SAGA
Noah
Sapudev
Shivanthi_D
Mr. Wayne
ForeigNer
Prince
15 posters

Go down  Message [Page 1 of 1]

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The long-awaited announcement came with a surprise.


99% of the CLC stake is now owned by the LOCH .


Whatever the future acquisitions come under CLC .


Some brokers try to collect CLC under the transfer price 78.50 which is a bonus.


Panic is with the LOFC counter cannot be related to CLC .


Expecting three more announcements from  CLC in next few weeks ..... !

Asoka Samarakone, Rational Investor and blindhog like this post

ADVENTUS dislikes this post

ForeigNer

ForeigNer
Senior Equity Analytic
Senior Equity Analytic

Yes , Thats true .


CLC will be the strongest entity within the LOCH .


Most of the local acquisitions and most of the overseas acquisitions will come under CLC due to the 99% ownership of the parent.


It is hilarious to see CLC trading below the transfer price as some retailers are under impression that LOFC counter has some relationship with CLC counter which is not the case.

blindhog likes this post

ADVENTUS dislikes this post

Mr. Wayne


Equity Analytic
Equity Analytic

Impact on LOFC price will likely have an impact on CLC as well. More to do with investor confidence on LOLC group shares.

ADVENTUS dislikes this post

Shivanthi_D

Shivanthi_D
Equity Analytic
Equity Analytic

A mandatory offer is expected in the evening as told by my broker.


that's why CulpriT broker made the panic in the market to collect more.

ADVENTUS dislikes this post

Sapudev

Sapudev
Equity Analytic
Equity Analytic

the news is CulpriT brokering firm is dumping LOFC .

as correctly told by ForeigNer in one of his previous posts LOFC's plans are in year 2022  not in this year .


CulpriT broker made billions of rupees with the fake LOFC rally now started dumping with the announcement.  Poor retailers ...!!!!


Also, some retailers are in a misconception that LOFC price has some effect on CLC price and that's the reason for CLC price drop.

Brokers expect a NIFl and a ( huge) CLC rally from next week onwards.

Riz123 and sajithlk02 like this post

ADVENTUS dislikes this post

Noah

Noah
Equity Analytic
Equity Analytic

today also many retailers got calls from their brokers ... isn't it ...??

SAGA


Moderator
Moderator

Guys ,what can we expect from this disclosure of LOCH and future price of CLC and LOFC?Pls share your thoughts.

apphunter


Equity Analytic
Equity Analytic

I think the share price will slowly adjust to a price supported by fundamentals. It appears like the parent company is transferring the shares to a subsidiary. It is like a re-structuring. This is somewhat similar to what Cargils Group is doing now https://cdn.cse.lk/cmt/announcement_portal_prod/CCP%20Letter%20to%20CSE%20dated%2011%20November%202021%20re.%20Group%20re-structuring_7449892278696356.pdf

SAGA


Moderator
Moderator

It seems LOLC only transfered 45% stake of LOFC as against the initially plan of 98% stake.hmmmm interesting.its like they are the main share holder of it holding 51%

apphunter


Equity Analytic
Equity Analytic

SAGA wrote:It seems LOLC only transfered  45%  stake of LOFC as against the initially plan of 98% stake.hmmmm interesting.its like they are the main share holder of it holding 51%
 They only disclosed transfer of shares held by LOLC Holdings PLC. LOLC Private Limited owns about 49.81%. LOLC Private Limited is a private company so requirements might be different. 

11CLC is the strongest among LOCH with the announcement.. Empty LOFC Fri Nov 19, 2021 4:51 pm

Basu


Senior Equity Analytic
Senior Equity Analytic


SAGAIt seems LOLC only transfered  45%  stake of LOFC as against the initially plan of 98% stake.hmmmm interesting.its like they are the main share holder of it holding 51%

Next round come next Monday it may be at lease Rs 34 .00. Transfer price to LOFC RS 37.00

Basu


Senior Equity Analytic
Senior Equity Analytic

Basu wrote:

SAGAIt seems LOLC only transfered  45%  stake of LOFC as against the initially plan of 98% stake.hmmmm interesting.its like they are the main share holder of it holding 51%

Next round come next Monday it may be at lease Rs 34 .00. Transfer price to LOHC RS 37.00

SAGA


Moderator
Moderator

Also in initial road map they wanted to transfer only 45% + stake of CLC to LOCH.but now they have doubled it to 98%.it seems change of initial plan of percentages.interesting

SAGA


Moderator
Moderator

My feeling is they will hold the ownership of LOFC and name says that also.

Hope123


Manager - Equity Analytics
Manager - Equity Analytics

SAGA wrote:My feeling is they will hold the ownership of LOFC and name says that also.

SAGA, what will happen to the share price of LOFC

SAGA


Moderator
Moderator

My feeling is it will go up since LOLC is the main owner still.if you go by the share % of it .but the question is why they transfered the entire their stake in CLC? and y they revised the transfer %

Hope123


Manager - Equity Analytics
Manager - Equity Analytics

SAGA wrote:My feeling is it will go up since LOLC is the main owner still.if you go by the share % of it .but the question is why they transfered  the entire their stake in CLC? and y they revised the transfer %  


SAGA, if you go to the "cash flow detail quote" on DFN for LOFC, it shows the buy volume as 4,151,997 whereas sell as 2,947,723, inspite today's traded volume read as 91M. But if you check for CLC it clearly tallys with today's volume. something unusual neh.

SAGA


Moderator
Moderator

Yp Hope123.its so interesting.when I got the call from my broker on Wednesday he asked me to sell both CLC and LOFC since I'm holding both.but I didn't sell any.when I analyse the situation today its much more worthy to hold LOFC than CLC.this is my personal opinion.

Hope123


Manager - Equity Analytics
Manager - Equity Analytics

SAGA wrote:Yp Hope123.its so interesting.when I got  the call from my broker on Wednesday he asked me to sell both CLC and LOFC since I'm holding both.but I didn't sell any.when I analyse the situation today its much more worthy to hold LOFC than CLC.this is my personal  opinion.

Yes SAGA, when you look at the Cash flow Map, it's too gives positive signals, hinting the demand is still in tact. I am too holding both and lets see what will happen in the next couple of days ahead.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

WE CAN SEE THE REAL POSITION RE THIS ON MONDAY. PL WAIT AND SEE.

SOME EXPLANATIONS ARE SIMILAR TO FAMOUS STORY ABOUT " HOW BLIND

MAN EXPLAIN THE ELEPHANT



Last edited by D.G.Dayaratne on Fri Nov 19, 2021 6:39 pm; edited 1 time in total (Reason for editing : Typing mistake)

Niwa


Moderator
Moderator

LOFC,CLC & NIFL have been-transferred  at the market prices.
LOLC Ceylon net asset is set at these market prices and if LOFC, CLC prices go down nobody will subscribe to LOLC Ceylon IPO with low valued assets as they can buy subsidiary shares at low prices at the mkt. yours opinion?

apphunter


Equity Analytic
Equity Analytic

Here is their January 12th announcement. 

CLC is the strongest among LOCH with the announcement.. Cse_re10

blindhog


Equity Analytic
Equity Analytic

Hope123 wrote:
SAGA wrote:My feeling is it will go up since LOLC is the main owner still.if you go by the share % of it .but the question is why they transfered  the entire their stake in CLC? and y they revised the transfer %  


SAGA, if you go to the "cash flow detail quote" on DFN for LOFC, it shows the buy volume as 4,151,997 whereas sell as 2,947,723, inspite today's traded volume read as 91M. But if you check for CLC it clearly tallys with today's volume. something unusual neh.

That's interesting Can you please post a screenshoot of DFN "cash flow detail quote" ?


Thanks

Sunimal

Sunimal
Senior Equity Analytic
Senior Equity Analytic

apphunter wrote:Here is their January 12th announcement. 

CLC is the strongest among LOCH with the announcement.. Cse_re10

Since they haven't mentioned the transferred date of LOFC shares does that mean it was done last day which is at the end of 17th Nov for 37.00 ?

The_Sage

The_Sage
Equity Analytic
Equity Analytic

SAGA wrote:Also in initial road map they wanted to transfer only 45% + stake of CLC to LOCH.but now they have doubled it to 98%.it seems change of initial plan of percentages.interesting


Freind, you have misunderstood the whole thing. No change in plans .  Thats why CLC is the strongest of them all .


Prospectus LOCH


5.2 Objectives of the Issue and Specific Risks Relating to the Objectives
5.2.1 Background to the debenture issue


For this purpose, LOLC Holdings PLC(“LOLC”) has designated a fully owned subsidiary, LOLC Ceylon
Holdings Limited (“LOCH”) to operate as a platform and plans to List LOCH in the Colombo Stock
Exchange. Post Listing of LOCH, the shares owned by LOLC in LOLC Finance PLC (“LOFC”)
amounting to 44.79%, shares owned in Commercial Leasing and Finance PLC (“CLC”) amounting to
98.92% and the shares owned in LOLC Development Finance PLC (“NIFL”) amounting to 55.55% are to be transferred to LOCH.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum