8 Finance companaies to be closed very soon

sanjulanka · 21 Re: 8 Finance companaies to be closed very soon Thu Apr 25, 2019 6:42 am

sanjulanka

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samaritan wrote:

Uaecoindubai wrote:Sri Lanka banking & finance sector has granted approx 300 billion loans,leases for hotel , entertainment sector , just think if the sector negative due to current tragedy disaster , repayment is a questionable ???. we will see very negative growth additional to current pressure

Its clear that you are an agent of the 'DIASPORA' who wants to create panic & chaos even long before the bomb blasts. In other words you are a master blaster for the diaspora.

Most nations have gone thro' or going thro' disasters and tragedies. But life goes on, its not the end of the world. If you start thinking about an earth quake in Dubai you will not be able to work there.

samaritan · 22 Re: 8 Finance companaies to be closed very soon Sat Apr 27, 2019 6:42 pm

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Uaecoindubai wrote:Gents, be alert, there are 8 financial companies are in red zone . if you have any deposit pull it out or diversify to banks

Does your red zone list include the following financial institutions???

Kanrich Finance
COCR
Nation Lanka
PABC

Uaecoindubai · 23 Re: 8 Finance companaies to be closed very soon Sat Apr 27, 2019 8:01 pm

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1/4 is there , that one is no risk to CSE investors

Uaecoindubai · 24 Re: 8 Finance companaies to be closed very soon Mon Apr 29, 2019 4:57 pm

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Finance companies day by day towards to red zone , its amazing good companies like ALLI.N000 also towards to negative

Uaecoindubai · 25 Re: 8 Finance companaies to be closed very soon Thu May 02, 2019 3:12 pm

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GENTS/LADIES be careful , your money may deposit one of above companies. Today Sampath bank directors have decided to liquidate MTD walkers subsidiary around 675 Million. be careful more with financial companies

Yahapalanaya · 26 Re: 8 Finance companaies to be closed very soon Sun May 05, 2019 2:14 am

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https://cdn.cse.lk/cmt/upload_report_file/443_1556790537905.pdf

SEYB Q1 result is good.They managed well impairment cost as well.We could expect better result from good companies in financial sector. Very Happy

Uaecoindubai · 27 Re: 8 Finance companaies to be closed very soon Sun May 05, 2019 10:20 am

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Im not talking about Banks here except idiot SDB

Teller · 28 Re: 8 Finance companaies to be closed very soon Sat May 25, 2019 11:17 am

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Mangala Samaraweera agreed that some business has faced hard time so government support/assistance is needed. Smile

))))

samaritan · 29 Re: 8 Finance companaies to be closed very soon Sat May 25, 2019 6:26 pm

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Teller wrote:Mangala Samaraweera agreed that some business has faced hard time so government support/assistance is needed. :)))))

Mangala's statement is nonspecific and covers a wider spectrum of business sectors.

wisdom79 · 30 Re: 8 Finance companaies to be closed very soon Sun May 26, 2019 7:33 am

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How is LOLC.........??????? Reports are good!!!!!

wisdom79 · 31 Re: 8 Finance companaies to be closed very soon Sun May 26, 2019 7:36 am

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You better to mention the 8 companies namely. Otherwise all the other companies will be in trouble.

So please reveal them for the survival of the other best companies because of thieves.

Teller · 32 Re: 8 Finance companaies to be closed very soon Sun May 26, 2019 11:22 pm

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In this situation if i write also problem not also. Its better you feel the companies. In simply study the companies

Teller · 33 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 10:55 am

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Most of the companies average profit down by 30%-50% QOQ against same quarter in last year. i hope this will continue gradually & Cash position will be much negative & bad doubtful debt will be double

samaritan · 34 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 12:20 pm

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Finance Companies that are backed by Banks (Wholly owned or subsidiary) are safe.

Teller · 35 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 1:25 pm

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"Finance Companies that are backed by Banks (Wholly owned or subsidiary) are safe." -Agree with you , but next scenario will be applied . Its MINIMUM PUBLIC FLOAT. In future minimum public float will be mandatory requirement of any listed company . of course they have to distribute the ownership. as example bank 10%. same like finance companies to be adjusted to minimum float as guided by IMF earlier

Miss-Sangeetha · 36 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 4:08 pm

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Teller wrote:Most of the companies average profit down by 30%-50% QOQ against same quarter in last year. i hope this will continue gradually & Cash position will be much negative & bad doubtful debt will be double

How is your dream AFSL, which you were promoted extensively in year 2016

Teller · 37 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 4:17 pm

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My analysis are based on reports , in simply fundamentals ,technical s and the PESTEEL factors .AFSL did a massive manipulation by influencing external auditors . as usual we believes auditors opinion . but AFSL auditors have mislead us same like Sathyam Computers in india. fundamental manipulation plus creating fake technical s (Pumping to buy @ market) got us mislead.

MeshLk · 38 Re: 8 Finance companaies to be closed very soon Tue May 28, 2019 1:25 pm

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Teller wrote:"Finance Companies that are backed by Banks (Wholly owned or subsidiary) are safe." -Agree with you , but next scenario will be applied . Its MINIMUM PUBLIC FLOAT. In future minimum public float will be mandatory requirement of any listed company . of course they have to distribute the ownership. as example bank 10%. same like finance companies to be adjusted to minimum float as guided by IMF earlier

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/consultation_papers_20190516_Introduction_of_Ownership_Limits_of_the_Licensed_Finance_Companies_e.pdf
see page 4 (Point 7), current recommendation per draft consultation paper - is to exempt such LFCs

Teller · 39 Re: 8 Finance companaies to be closed very soon Tue Jun 18, 2019 12:29 am

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Teller =uaecoindubai ,
By reffering to latest books, most of the companies quality of loan books are in red zone.

samaritan · 40 Re: 8 Finance companaies to be closed very soon Tue Jun 18, 2019 8:52 pm

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The country is also in red zone!

Teller · 41 Re: 8 Finance companaies to be closed very soon Thu Jun 27, 2019 9:02 pm

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It was predicted by Teller...its happening now

Bad loans at Sri Lanka's banks had risen 64 percent in the first quarter of 2019, the worst since 2013 when gold-backed loans went bad, leaving lenders with thinner capital buffers, Fitch Ratings said.

But banks were also facing difficulties raising capital.

"Weaker asset quality and earnings will add to pressure on capital, and many small and medium-sized banks still need to raise equity capital to meet enhanced regulatory capital requirements by the end of 2020," Fitch Ratings said.

"However, they face execution risks since recent rights issues by Sri Lankan banks have been significantly undersubscribed, with investors deterred by macroeconomic instability.

"Our outlook for the sector remains negative."

Non-performing loans had risen to 3.4 percent by end 2018 from 2.5 percent by 2017.

Sector net profit had fallen 9 percent with impairment charges doubling.

"In addition, a debt-recovery levy imposed in late 2018 will push effective tax rates higher, further squeezing profits," Fitch said.

Small banks had higher bad loans Fitch said. Impaired loans to gross loans at small banks had climbed to 7.4 percent by end 2018.

At larger banks it was 6.9 percent, Fitch said.

"Sri Lanka's small and medium-sized banks are under the greatest pressure," Fitch said.

"Their capital buffers are thin due to aggressive loan growth, muted earnings and rising credit risks, and their predominant exposure is to the retail and SME segments, which we believe are more vulnerable to economic downturns."

chathura123 · 42 Re: 8 Finance companaies to be closed very soon Sat Jun 29, 2019 4:36 am

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SDB

Equity members please pass this message to innocent people.
Not deposit money with SDB ,if they are showing good books .will be collapse like ETI.money deposited with this using as one of popular family in this company.
So don't get into this trap .
Remove your deposits as soon as possible and deposit them trustworthy banks.
This is inside information.
Don't Look at books .they are misleading

Teller · 43 Re: 8 Finance companaies to be closed very soon Sat Jun 29, 2019 7:29 pm

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Agreed with chathura, SDB recently baught online payment application by spending 200 million around i believe ,known as UPAY . We have to check this deal . Im not having mluch data. If any one has update please

Teller · 44 Re: 8 Finance companaies to be closed very soon Sat Sep 21, 2019 12:38 am

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Please add to TKS finance (as per latest info kurunegala branch was sealed by central bank,) While sinhaputhra is on red alert. So another 4 remaining. Remember Tellers raidar system is on. I said this 6 months ealier. Depositers be careful.

samaritan · 45 Re: 8 Finance companaies to be closed very soon Sat Sep 21, 2019 8:55 am

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United National Finance (UNF Ltd) headquartered in Kotte got the bond dealership and overcame their crisis in 2015 & now financially very strong. 8 Finance companaies to be closed very soon - Page 2 Icon_lol

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8 Finance companaies to be closed very soon

21 Re: 8 Finance companaies to be closed very soon Thu Apr 25, 2019 6:42 am

sanjulanka

22 Re: 8 Finance companaies to be closed very soon Sat Apr 27, 2019 6:42 pm

samaritan

23 Re: 8 Finance companaies to be closed very soon Sat Apr 27, 2019 8:01 pm

Uaecoindubai

24 Re: 8 Finance companaies to be closed very soon Mon Apr 29, 2019 4:57 pm

Uaecoindubai

25 Re: 8 Finance companaies to be closed very soon Thu May 02, 2019 3:12 pm

Uaecoindubai

26 Re: 8 Finance companaies to be closed very soon Sun May 05, 2019 2:14 am

Yahapalanaya

27 Re: 8 Finance companaies to be closed very soon Sun May 05, 2019 10:20 am

Uaecoindubai

28 Re: 8 Finance companaies to be closed very soon Sat May 25, 2019 11:17 am

Teller

29 Re: 8 Finance companaies to be closed very soon Sat May 25, 2019 6:26 pm

samaritan

30 Re: 8 Finance companaies to be closed very soon Sun May 26, 2019 7:33 am

wisdom79

31 Re: 8 Finance companaies to be closed very soon Sun May 26, 2019 7:36 am

wisdom79

32 Re: 8 Finance companaies to be closed very soon Sun May 26, 2019 11:22 pm

Teller

33 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 10:55 am

Teller

34 Re: 8 Finance companaies to be closed very soon Mon May 27, 2019 12:20 pm

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Teller

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38 Re: 8 Finance companaies to be closed very soon Tue May 28, 2019 1:25 pm

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40 Re: 8 Finance companaies to be closed very soon Tue Jun 18, 2019 8:52 pm

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44 Re: 8 Finance companaies to be closed very soon Sat Sep 21, 2019 12:38 am

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