Please think rationally. very less shares of NIFL is held by public share holders than LOFC publick shares holders who is going to benefit if LOFC price is down we will realize by 20thMORPHEUS wrote:Don't really think that will be a major factor here, because at the end LOLC is the parent company for both NIFL & LOFC (My car, my petrol kinda scenario).Ros123 wrote:LOFC will go further down because LOLC holding will receive more shares from LOLC finance. then they can sell those shares latter at higher price. currently NIFL 361 and LOFC 6.9 imagine how many shares LOLC holding is going to receive 52.31 :1 ( LOLC holding has 250 millions shares in NIFL ) that means they are going to get 13 billions shares if the LOFC further going down they will receive more shares so be careful to buy LOFC. better decision is to exit temporally and buy later you can win the game . further trend of SCAP is going up . You can consider to get more short term benefitsvkiruba8@gmail.com wrote:Equity win@ whts happening on lofc ? haevy selling price dropit down further & further? tdy closed 6.90 wht about tm will come down ??
What seems to be happening is prices are kept low so that after amalgamation the entire NIFL shareholders won't be tempted to sell their shares to make a quick buck. In CSE, always when there is a stock split or merger people who hold upper hands sell at market price, then start the panic sell mode in others and they buy the same shares for much cheaper. And the cycle starts all over again. So may be it's on the right track, guess we won't see much fireworks soon from LOFC, they seem more interested in consolidating.
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