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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LOLC HOLDINGS PLC (LOLC.N0000)

LOLC HOLDINGS PLC (LOLC.N0000)

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501LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Aug 02, 2019 9:25 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
no selling pressure...
I think this will move beyond 150 soon.

502LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Aug 02, 2019 11:47 pm

Teller


Moderator
Moderator
How the price blast happen , have you seen such a blast join together sisters,fathers ,mothers..hahhaa. LOLC took the attention then sister effect created as i told you earlier. I experienced in Newyork stock exchange same blast early this year. Very very interesting..
Teller said is said . 95% Tellers shares achieved target. Next two weeks i want to sleep more . Congratz those who realized profits especially new comers.

503LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Aug 03, 2019 9:06 pm

fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Kzoo Very Happy Very Happy Very Happy Very Happy Very Happy

504LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Aug 07, 2019 3:36 pm

player


Moderator
Moderator
Sold LOLC and into BIL and BRWN

505LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Aug 07, 2019 4:28 pm

bunbun


Stock Analytic
Stock Analytic
Today Lolc came down, is it the end of the run

506LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Aug 07, 2019 9:31 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@bunbun wrote:Today Lolc came down, is it the end of the run


this is the begining of the next run.  need to cool down some attributes(technical)

with financial report this will move

507LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Thu Aug 15, 2019 10:31 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
whats your idea about LOLC.

this is the best share according to EPS

Capton KIng Cool


Senior Equity Analytic
Senior Equity Analytic
@Capton KIng Cool wrote:
@Capton KIng Cool wrote:Strong Buy. LOLC Acquired 60% stake in Cambodia in2014(Micro Finance company for-US$ 20.3Mn ) and there are negotiating with South Korean firm to sell entire stake for US$ 225.

509LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty LANKA ORIX LEASING COMPANY PLC Fri Dec 13, 2019 10:53 am

Sajeewa Niranjan


Senior Equity Analytic
Senior Equity Analytic
[size=60]LOLC plans to sell Cambodia unit to raise funds to expand[/size]
https://www.bloomberg.com/news/articles/2019-12-09/sri-lanka-s-lolc-prepares-to-sell-its-biggest-overseas-unit

510LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 13, 2019 10:59 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
if this happen share will trade over 200.00

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
KB Kookmin Bank to acquire Cambodian lender for $603.4m


http://m.koreaherald.com/view.php?ud=20191226000735

512LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 10:16 am

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
3 months wait....

513LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 10:41 am

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Yes Deal Finalised for 603 Million USD. Big Capital Gain for LOLC....

514LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 11:07 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think all these shares good to buy
LOLC
BIL
BRWN
EDEN

515LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 11:38 am

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Buy LOFC and CLC

516LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 1:41 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
Huge buying pleasure!! Tomorrow will pass 175.......!!!!!

Deal is going to be ok.

517LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 2:46 pm

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes only they need the approval of cambodian national bank

518LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 2:57 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
See the CSE web site, everything is going to be ok. Soon we can see the approval of the bank.

Good news. LOLC will pass 175 tomorrow.

LOLC trade will be ok above 180/- . After that they will give an offer to acquire remaining shares. 
Good deal, good news.

519LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 3:06 pm

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@wisdom79 wrote:See the CSE web site, everything is going to be ok. Soon we can see the approval of the bank.

Good news. LOLC will pass 175 tomorrow.

LOLC trade will be ok above 180/- . After that they will give an offer to acquire remaining shares. 
Good deal, good news.

What do you think about LOFC ?

520LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 8:00 pm

sameboy

sameboy
Manager - Equity Analytics
Manager - Equity Analytics
Aduwenna gatta neda passe LOLC ada??

521LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 8:19 pm

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Later recovered...

522LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Dec 27, 2019 8:20 pm

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@wisdom79 tommorow holiday

523LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 8:12 am

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
Wisdom said, "LOLC will move above 175 tomorrow."

Wisdom said that LOLC would move above 175 the next day.

603.4m$ huge amount of money.

There are 475m shares on LOLC.

If calculate, share price must be above 600/- .......... I do not know what will happen.

LOLC is still undervalued stock. EPS 31/- no dividends but I got a news from a friend of mine, that CAMBODIA bank will not announce any news if news is not going to be ok, they will never discuss such a think.

So it must be ok.  Soon they will inform that deal is ok.

Good luck!!!!!

524LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 8:24 am

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
The bank’s board approved a plan to acquire a 70 percent stake in Prasac Microfinance, Cambodia's largest microfinance deposit-taking institution (MDI), at a meeting on Dec. 26. After the acquisition, the Korean lender will become the largest shareholder of Prasac Microfinance. It plans to take over the remaining 30 percent stake after two years.

525LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty LOLC HOLD 64% OF CLC - WATCH CLC Sat Dec 28, 2019 11:58 am

kalu351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
LOLC HOLDS 64% OF CLC

WATCH CLC IN COMING DAYS NOW TRADING AT 3-40

526LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 12:38 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]Korean bank to buy control of LOLC’s Cambodian microfinance arm for $ 603.4 m

[/size]

[size]



Comments / LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 V-icon4  283 Views / Saturday, 28 December 2019 00:04

TwitterFacebookWhatsApp
[/size]




  • Korea Herald reports KB Kookmin as saying will close the deal within 3 months, after due diligence and approval from financial authorities in Korea and Cambodia
  • No full disclosure yet for Rs. 108.5 b impending deal by LOLC but share price soars
  • No. 1 microfinance deposit-taking institution in Cambodia offers ROE and ROA of 28.40% and 3.64%, respectively
  • Generated Rs. 13.7 b profit in FY19
  • Has portfolio of $ 2.2 billion, deposit base of $ 1.5 billion and makes significant PBT contribution to LOLC Group’s bottom line


 
[size=17]LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Image_1c769f323b A Korean bank is to buy LOLC’s Cambodian microfinance arm for a staggering $ 603.4 million or Rs. 108.5 billion, subject to regulatory approval.

The Korean firm is KB Kookmin Bank, which said its Board has agreed to buy 70% stake in Cambodia’s PRASAC Microfinance Institution for $ 603.4 million from LOLC.

PRASAC Microfinance is the No. 1 microfinance deposit-taking institution, taking up over 40% of market share in Cambodia with 177 branches.

A report in Korea Herald stated that KB Kookmin will close the deal within three months, after due diligence and approval from financial authorities in Korea and Cambodia.

The deal is expected to allow KB Kookmin to consolidate its consumer banking network in the Southeast Asian nation. Operating six bank branches, KB Kookmin earned preapproval in Cambodia for the acquisition in May. KB Kookmin said it plans to buy the remaining 30% stake in the institution at least two years after the transaction.

PRASAC Microfinance logged a KRW 91.5 billion ($78.7 million) net profit in 2018, up 36.7% on-year, according to KB Financial Group’s regulatory filing.

Investors, apparently seeing new found value and demand, yesterday pushed LOLC shares to third highest gainer, percentage wise. 

LOLC closed at Rs. 145.70, up by Rs. 16.70 (or 13%) whilst it hit an intra-day high of Rs. 148.90. Little over a one million shares changed hands via 1,217 trades for Rs. 149.3 million with bulk of the selling coming from foreign investors. For the week, LOLC gained by Rs. 19 or 15%.

Despite media reports of impending sale as revealed by LOLC Deputy Chairman Ishara Nanayakkara in a Bloomberg interview, LOLC has been less revealing officially.

Following the publication of Bloomberg article in FT, in a filing to the CSE on 12 December, LOLC said upon certain parties indicating their interest in acquiring a stake in PRASAC Microfinance, Cambodia, LOLC has been in the process of exploring possibilities of a sale of whole or part of its holding. In any event, the sale will require prior approval of National Bank of Cambodia.

LOLC Group MD and CEO Kapila Jayawardena said no finality has been reached with regard to the execution of any such transaction. “An announcement will be made to the Exchange if it culminates in a conclusive transaction,” he added. A similar stance was maintained in a fresh disclosure yesterday. 

The report in Korea Herald was published on Thursday (26 December).

The Cambodian operations are part of LOLC’s strategic and profitable diversification in the Southeast Asian region. 

The regional expansion of the Group has delivered extremely strong results in diversifying and balancing the exposure LOLC has in the local market. To this effect, 85% of LOLC pre-tax profit is currently derived from investments in Cambodia, Myanmar, Pakistan, Indonesia and Philippines. 

This growth momentum is evident from the LOLC Group’s maiden overseas investment in PRASAC, which has grown to become the largest microfinance institution in the dollarised Cambodian economy. With an ROE and ROA of 28.40% and 3.64%, respectively, a portfolio of $ 2.2 billion, a deposit base of $ 1.5 billion, and a significant profit before tax contribution to the Group’s bottom line, PRASAC offers substantial return on investment in dollar terms through the Group’s 70% holding in the Company. It has a customer base of over 400,000.

Although a relatively new entrant to the Cambodian MFI performers, LOLC Cambodia (LOCAM) has now positioned itself as the most profitable MFI in Cambodia with an ROE of 27.90%, ROA of 4.10%, the fourth largest portfolio and deposit base of $ 564 million and $ 286 million, respectively. 

In less than five years since LOLC’s investment, LOCAM has risen up the ladder in the Cambodia microfinance landscape to be the third most profitable MFI in the country.

PRASAC Microfinance Institution in Cambodia and LOLC Cambodia, stands out as the two largest foreign investments made by LOLC and contributes together 40% to the Group’s top line. PRASAC generated a profit of Rs. 13.7 billion in FY19 while LOLC Cambodia recorded a profit Rs. 3.8 billion.

LOLC also has presence in Myanmar – LOLC Myanmar Microfinance Company Ltd., a Greenfield operation, has grown to be counted as the third-largest among 176 microfinance institutions in the country, with an asset base of $ 52.4 million, portfolio of $ 39.5 million and PBT of $ 2 million within five years of commencing operations in Myanmar. 

The Company has now gained attention from prominent global investors due to its unique business model reflected through the quality portfolio and the growth potential in store with the liberalisation of the Myanmar market.

Extending its microfinance expertise, LOLC also has operations in Indonesia and the Philippines. 

LOLC’s foreign investments in financial services sector account for Rs. 593 billion as total assets in the books of LOLC and have contributed a Profit After Tax of Rs. 17.9 billion to the Group for the year ended 31 March 2019. The lending portfolio of the foreign businesses amounts to Rs. 497 billion with a deposit base of Rs. 311 billion. 

LOLC in its FY19 Annual Report stated that it was a matter of pride that the Group’s overseas expansion has been undertaken purely on the strength of the financial services excellence and knowhow coupled with IT expertise which it exports to its overseas operations.

 
[/size]

527LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 12:41 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
After reading on LOLC, it has a great value than we expect. I do not know the price of the share but it must move up with these profit making investments.

Good luck. 
Short time it will move above 200 soon.

It will move up more higher than we hope in future.

528LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 12:44 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
You are correct. LOLC, LOFC, CLC all must move up.

If this deal happens, whole amount comes under LOLC. AS a group all together must move up.

Let's see the game!!!!

529LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 12:53 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
[size=30]KB Kookmin Bank to acquire Cambodian lender for $603.4m
By Son Ji-hyoung
[/size]

  • Published : Dec 26, 2019 - 18:08
  • Updated : Dec 26, 2019 - 18:08
  • LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Btn_sizeDown LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Btn_sizeUp LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Btn_facebook LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Btn_twitter LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Btn_mailSend LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Btn_print



South Korea’s commercial lender KB Kookmin Bank said Thursday its board has agreed to acquire a 70 percent stake in Cambodia’s lender Prasac Microfinance Institution for $603.4 million from Sri Lanka-based nonbanking lender LOLC Holdings.

Prasac Microfinance is the No. 1 microfinance deposit-taking institution, taking up over 40 percent of market share in Cambodia with 177 branches.

LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 20191226000606_0
[size]
KB Kookmin will close the deal within three months, after a due diligence and approval from financial authorities in Korea and Cambodia.

The deal is expected to allow KB Kookmin to consolidate its consumer banking network in the Southeast Asian nation. Operating six bank branches, KB Kookmin earned preapproval in Cambodia for the acquisition in May.

KB Kookmin said it plans to buy the remaining 30 percent stake in the institution at least two years after the transaction.

Prasac Microfinance logged a 91.5 billion won ($78.7 million) net profit in 2018, up 36.7 percent on-year, according to KB Financial Group’s regulatory filing.[/size]

530LOLC HOLDINGS PLC (LOLC.N0000) - Page 21 Empty Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat Dec 28, 2019 12:57 pm

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
Everything is going to be ok. If you buy LOLC, hold it until the deal finishes. A huge amount of money and naturally share price must move up.

I think this will be a great chance to win your loss games.

Next week, we can see its reality.....!!!!

This will really benefit only LOLC not LOFC.........!!!!

Good luck!!!!

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