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Retail investors hoodwinked by LOLC Group

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DeepFreakingValue

DeepFreakingValue
Manager - Equity Analytics
Manager - Equity Analytics

Retail investors hoodwinked by LOLC Group Z_p17-10

- All retail investors are disgusted and disappointed by LOLC group's methodology to hoodwink the minority shareholders through the purported amalgamation of NIFL and LOFC.
- Investors are likely to lodge a complain to the SEC, CSE and Central Bank regarding the manner in which LOFC & NIFL amalgamation is valued.
- LOLC group to-date has not declared any dividends to its shareholders but continue to inflate its earnings and share price through unknown foreign investments and unverified earnings backed by organised price manipulation.
- More than 30,000 retail investors and their investments are affected.
- LOLC Group's cross holdings and unrealistic price movements is a cause for concern for both investors and regulators.
- Majority of LOLC Group Companies have reported losses during the quarter ended 30th Sep 2022.
- Ishara Nanayakkara remain to be the richest person in Sri Lanka.


Retail investors hoodwinked by LOLC Group Scree131

NIFL shares to be transferred to LOFC at a price less than 30% its current market price
According to the disclosure dated 4th Jan 2023, regarding the proposed amalgamation, NIFL Shares currently trading at LKR 500/= per share to be offered to LOFC at a minimum price of LKR 150/=. Accordingly NIFL shareholders are expected to lose more than LKR 300/= per share due to this amalgamation. Both LOFC and NIFL is owned by LOLC group.

Previously LOLC group tricked the retail investors of Serendib Hotel (SHOT) and Dolphin Hotels (STAF) through investing into a rights issue which resulted in significant capital loss to minority shareholders.

Retail investors hoodwinked by LOLC Group 504bef10
Retail investors hoodwinked by LOLC Group 02045f10

https://cdn.cse.lk/cmt/announcement_portal_prod/LOFC%20documents%20-%20CSE%20upload_21511135431836783.pdf

RAVI1980 likes this post

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Post Thu Jan 05, 2023 2:41 pm by God Father

CSE should suspend trading of LOFC and NIFL until amalgamation is completed.

avatar

Post Thu Jan 05, 2023 8:07 pm by RAVI1980

Yes i want to join for this complain process as well💪💪

God Father likes this post

Beyondsenses

Post Thu Jan 05, 2023 9:45 pm by Beyondsenses

මේ පාර තමයි ඉසාරයා කෙලවගන්නේ retailers ලට මෙච්චර කල් dividend නොදී හූරගෙන කාපුවට  Twisted Evil කිඹුලම කාපිය ඕකව  affraid ලබන සතියේ price එක යවයිද උඩ bounce

Rich Guy likes this post

DeepFreakingValue

Post Fri Jan 06, 2023 3:21 pm by DeepFreakingValue

LOLC Poor Dividend Record
LOLC Holdings have not declared any dividend for last 10 years since 2012, whereas LOFC has not declared any dividend at all.

Retail investors hoodwinked by LOLC Group Scree133

DeepFreakingValue

Post Tue Jan 10, 2023 12:29 pm by DeepFreakingValue

LOLC owned hotels are likely to continue its losses in to FY 2023 causing financial concerns to the group.
Retail investors hoodwinked by LOLC Group 37d11f10

https://twitter.com/chroniclelk/status/1612846390614581248?s=46&t=KyihX-F7ezwnF4Vx64M9XA

Beyondsenses

Post Tue Jan 10, 2023 9:43 pm by Beyondsenses

DeepFreakingValue wrote:LOLC owned hotels are likely to continue its losses in to FY 2023 causing financial concerns to the group.
Retail investors hoodwinked by LOLC Group 37d11f10

https://twitter.com/chroniclelk/status/1612846390614581248?s=46&t=KyihX-F7ezwnF4Vx64M9XA
ඔයා ගියපාර softlogic group එක බංකොලොත් කිවුවා. 5/= තිබ්බ SCAP 16/= ට ගියා Evil or Very Mad .... LOFC එකත් ඒ වගේ උඩ යවන්න නේද මේ try එක . ඔයා එහෙමද ආස ???????????? Twisted Evil

Riz123 likes this post

avatar

Post Tue Jan 10, 2023 10:38 pm by Riz123

Beyondsenses wrote:
DeepFreakingValue wrote:LOLC owned hotels are likely to continue its losses in to FY 2023 causing financial concerns to the group.
Retail investors hoodwinked by LOLC Group 37d11f10

https://twitter.com/chroniclelk/status/1612846390614581248?s=46&t=KyihX-F7ezwnF4Vx64M9XA
ඔයා ගියපාර softlogic group එක බංකොලොත් කිවුවා. 5/= තිබ්බ SCAP 16/= ට ගියා Evil or Very Mad .... LOFC එකත් ඒ වගේ උඩ යවන්න නේද මේ try එක . ඔයා එහෙමද ආස ???????????? Twisted Evil
mama hithuwaa mata witharay meka therune kiyala baladdi hemoma avadiyen innne, mama mulinma kiwwa SCAP eka 12ta wadaa yanawa kiyala evita thamay DeepFreakingValue negative post daana gaththe. a negative post balala aparaade keedeneknam SCAP adduwata wikunanna edda, mewarath oya enne LOFC tika apen aduwata vikunawanna, mamanam LOFC tika vikunanawa 40ta udin, 

Beyondsenses likes this post

avatar

Post Wed Jan 11, 2023 1:30 am by Riz123

Riz123 wrote:
Beyondsenses wrote:
DeepFreakingValue wrote:LOLC owned hotels are likely to continue its losses in to FY 2023 causing financial concerns to the group.
Retail investors hoodwinked by LOLC Group 37d11f10

https://twitter.com/chroniclelk/status/1612846390614581248?s=46&t=KyihX-F7ezwnF4Vx64M9XA
ඔයා ගියපාර softlogic group එක බංකොලොත් කිවුවා. 5/= තිබ්බ SCAP 16/= ට ගියා Evil or Very Mad .... LOFC එකත් ඒ වගේ උඩ යවන්න නේද මේ try එක . ඔයා එහෙමද ආස ???????????? Twisted Evil
mama hithuwaa mata witharay meka therune kiyala baladdi hemoma avadiyen innne, mama mulinma kiwwa SCAP eka 12ta wadaa yanawa kiyala evita thamay DeepFreakingValue negative post daana gaththe. a negative post balala aparaade keedeneknam SCAP adduwata wikunanna edda, mewarath oya enne LOFC tika apen aduwata vikunawanna, mamanam LOFC tika vikunanawa 40ta udin, 
menna rocket eka yannay hadanne.....

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