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Softlogic Group in a serious danger of collapse
- Softlogic Holdings (SHL) - Trading suspended by CSE
- Softlogic Finance (CRL) - Serious capital adequacy issues with CBSL
- Softlogic Capital (SCAP) - Invest LKR 1.2bn in commercial paper of SHL
- Softlogic Life Insurance (AAIC) - Suffering due to inefficent management of funds
- Odel (ODEL) - Losses due to import restrictions
- Health Sector (ASIR) - Slow growth momentum due to post covid normalization
- Leisure and Property Sector - Continue to lose value and money
- Automobile Sector - Non Existent
What is Wrong with SOFTLOGIC HOLDINGS PLC (SHL.N000)
- Softlogic Holdings PLC (SHL) stock market trading suspended by the CSE due to non submission of accounts.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022.
- Net Change in the Fair Value of derivative financial instruments exceeds LKR 2bn
- Import restrictions continue to affect retail segment of SHL.
- Total SHL Group Liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- Shareholders funds declined more than LKR 5bn within last 12 months from LKR 18bn to LKR 13bn.
- Net Asset Value per share of SHL is less thanLKR 12/= whilst share last traded at LKR 16/=
- Loss of Investor trust and confidence in the company due to non compliance of listing rules
https://www.srilankachronicle.com/t62836-what-is-wrong-with-softlogic-holdings-plc-shl-n000#405976
Softlogic Capital (SCAP) invest in its own parent company Softlogic Holdings (SHL)
Loss making Softlogic Capital PLC (SCAP) invest in its own parent company Softlogic Holding PLC (SHL) in a bid to save the falling conglomerate.
- Softlogic Capital PLC (SCAP) invest over LKR 1.2bn in Commercial Paper of Softlogic Holdings PLC (SHL) as per the stock market disclosure.
- SHL group liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022 with over LKR 2bn losses from derivative investments.
- Share trading of SHL is currently suspended by the Colombo Stock Exchange (CSE) due to non submission of accounts.
- SHL owns more than 77% of the shareholdings of SCAP
- SCAP has Invested in SHL an amount in excess of 5% of its own equity value.
- SCAP reported a loss of LKR 545mn for the 6 months ended 30th Sept 2022 at company level.
- SCAP Earnings Per Share (EPS) for the 6 months ended 30th Sep 2022 is negative LKR 0.58 and Net Asset Value (NAV) is LKR 5.32
https://www.srilankachronicle.com/t62842-softlogic-capital-scap-invest-in-its-own-parent-company-softlogic-holdings-shl#406030
May Day! alert from SOFTLOGIC FINANCE PLC
- Retained Losses exceeds LKR 3.2bn with LKR 332mn loss in FY 2022
- Depositors liabilities exceeds LKR 17bn.
- Cash/Near Cash liquid assets of less than LKR 800mn.
- Decline of lease and loans receivables portfolio up to 10%
- Rights issue to raise LKR 850mn from existing shareholders in a depressed stock market conditions.
- Majority shares are held by Softlogic Capital PLC and Softlogic Holdings PLC
https://www.srilankachronicle.com/t62781-may-day-alert-from-softlogic-finance-plc-crl-n0000
ODEL PLC - Limited Loss
- ODEL PLC reports a LKR 644mn loss for Quarter ended Sept 2022.
- Negative Earnings (EPS) of LKR 3.46 during 6 months.
- Total retained losses exceeds LKR 2.6bn
- Revaluation Reserve of LKR 4.4bn helps to meets solvency requirement
- Odel is owned and controlled by Softlogic Holdings PLC
- Group Retail Sector suffers due to import restriction and economic downturn
https://www.srilankachronicle.com/t62844-odel-plc-limited-loss#406058
Download Report; https://t.co/frWDR9bx0S
- Softlogic Holdings (SHL) - Trading suspended by CSE
- Softlogic Finance (CRL) - Serious capital adequacy issues with CBSL
- Softlogic Capital (SCAP) - Invest LKR 1.2bn in commercial paper of SHL
- Softlogic Life Insurance (AAIC) - Suffering due to inefficent management of funds
- Odel (ODEL) - Losses due to import restrictions
- Health Sector (ASIR) - Slow growth momentum due to post covid normalization
- Leisure and Property Sector - Continue to lose value and money
- Automobile Sector - Non Existent
What is Wrong with SOFTLOGIC HOLDINGS PLC (SHL.N000)
- Softlogic Holdings PLC (SHL) stock market trading suspended by the CSE due to non submission of accounts.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022.
- Net Change in the Fair Value of derivative financial instruments exceeds LKR 2bn
- Import restrictions continue to affect retail segment of SHL.
- Total SHL Group Liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- Shareholders funds declined more than LKR 5bn within last 12 months from LKR 18bn to LKR 13bn.
- Net Asset Value per share of SHL is less thanLKR 12/= whilst share last traded at LKR 16/=
- Loss of Investor trust and confidence in the company due to non compliance of listing rules
https://www.srilankachronicle.com/t62836-what-is-wrong-with-softlogic-holdings-plc-shl-n000#405976
Softlogic Capital (SCAP) invest in its own parent company Softlogic Holdings (SHL)
Loss making Softlogic Capital PLC (SCAP) invest in its own parent company Softlogic Holding PLC (SHL) in a bid to save the falling conglomerate.
- Softlogic Capital PLC (SCAP) invest over LKR 1.2bn in Commercial Paper of Softlogic Holdings PLC (SHL) as per the stock market disclosure.
- SHL group liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022 with over LKR 2bn losses from derivative investments.
- Share trading of SHL is currently suspended by the Colombo Stock Exchange (CSE) due to non submission of accounts.
- SHL owns more than 77% of the shareholdings of SCAP
- SCAP has Invested in SHL an amount in excess of 5% of its own equity value.
- SCAP reported a loss of LKR 545mn for the 6 months ended 30th Sept 2022 at company level.
- SCAP Earnings Per Share (EPS) for the 6 months ended 30th Sep 2022 is negative LKR 0.58 and Net Asset Value (NAV) is LKR 5.32
https://www.srilankachronicle.com/t62842-softlogic-capital-scap-invest-in-its-own-parent-company-softlogic-holdings-shl#406030
May Day! alert from SOFTLOGIC FINANCE PLC
- Retained Losses exceeds LKR 3.2bn with LKR 332mn loss in FY 2022
- Depositors liabilities exceeds LKR 17bn.
- Cash/Near Cash liquid assets of less than LKR 800mn.
- Decline of lease and loans receivables portfolio up to 10%
- Rights issue to raise LKR 850mn from existing shareholders in a depressed stock market conditions.
- Majority shares are held by Softlogic Capital PLC and Softlogic Holdings PLC
https://www.srilankachronicle.com/t62781-may-day-alert-from-softlogic-finance-plc-crl-n0000
ODEL PLC - Limited Loss
- ODEL PLC reports a LKR 644mn loss for Quarter ended Sept 2022.
- Negative Earnings (EPS) of LKR 3.46 during 6 months.
- Total retained losses exceeds LKR 2.6bn
- Revaluation Reserve of LKR 4.4bn helps to meets solvency requirement
- Odel is owned and controlled by Softlogic Holdings PLC
- Group Retail Sector suffers due to import restriction and economic downturn
https://www.srilankachronicle.com/t62844-odel-plc-limited-loss#406058
Download Report; https://t.co/frWDR9bx0S
Softlogic Group.pdf 