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Welcome LOLC holding company

+7
Academic
nal 78
babytrader
Light of Hope
kuk83
High.Risk.High.Return
aship
11 posters

Go down  Message [Page 1 of 1]

1Welcome LOLC holding company Empty Welcome LOLC holding company Thu Apr 07, 2011 8:36 pm

aship

aship
Senior Equity Analytic
Senior Equity Analytic

Why LOLC has go down this much.
Do you think there's any relationship with the announcement?

Central Bank approves holding company status for LOLC; Pioneering leasing firm now highly-diversified says stage set for phase of exponential growth and give leadership to post-war boom in Sri Lanka
The Central Bank has approved Lanka Orix Leasing Company (LOLC)  moves to go for a holding company structure, which the latter said would unleash a new phase of exponential growth and leadership in post-war Sri Lanka.
Following a series of strategic acquisitions and investments made in the financial and other high growth sectors such as leisure, construction, technology, agriculture and renewable energy, LOLC had sought and been subsequently granted approval by Central Bank to formally operate as the holding company of the Group. This is instead of continuing to function as a finance leasing company.
LOLC, the pioneer in leasing in Sri Lanka, said the Group would continue to offer finance leasing products through its subsidiaries Lanka Orix Finance Company Ltd., which is to be listed shortly, the Commercial Leasing Company Ltd. and LOLC Micro Credit Ltd.
It was emphasised that migration to a holding company structure was expected to “set the stage for LOLC Group to reach a phase of exponential growth in the coming years with its operations becoming even more structured and straight forward for its regulators and long standing funding partners”.
LOLC also said the Group would also be in a better position to maintain the high standard of transparency and good governance practices, which it described as being “of extreme importance to the group”.
The holding company structure will also result in the group being able to further enhance the benefits generated by economies of scale with the successfully adopted shared services model among group companies.
This operational model, LOLC said, had resulted in the group being able to harness and maximise the usage of available human resource skills as well as achieve greater cohesiveness and focus in the macro goals of the group.
“With a strong presence in the northern and eastern parts of the country, which are going through a period of accelerated development and with a country-wide network of more than 140 locations offering customised financial solutions to thousands of customers, the LOLC group is poised to give leadership to the post war development in the country,” LOLC said.
Analysts have described LOLC’s recent diversification as “exponential.” For example its assets in the current 2010/11 financial year surpassed the Rs. 100 billion mark and amounted to Rs. 108 billion as at 31 December, 2010 as opposed to Rs. 10.7 billion in 2005 and Rs. 46.2 billion in 2009. It was in 2009/10 that it made several strategic acquisitions after controlling shareholders led by Raja and Ishara Nanayakkara strengthened their positions and the management including the placement of former Citibank Sri Lanka CEO Kapila Jayawardena as the Group CEO and Managing Director. ORIX Corporation of Japan co-founder of LOLC owns 30% stake and is also represented on the Board.
Whilst a formal classification of it as a diversified holding and subsequent placement within the diversified sector listed companies is pending, the 30 year old LOLC has already overtaken several of the old league conglomerates in profits (see table). In terms of net profit attributable to equity shareholders LOLC is second only to premier blue chip JKH though LOLC is at the top in terms of assets. LOLC’s after-tax profit in the first nine months of 2010/11 is more than the combined profit of past four years whilst its market capitalisation has rocketed in the past year.



Last edited by Quibit on Fri Apr 08, 2011 9:51 am; edited 1 time in total (Reason for editing : Article inserted)

High.Risk.High.Return

High.Risk.High.Return
Equity Analytic
Equity Analytic

http://www.cse.lk/cmt/upload_cse_announcements/6001302176751_.pdf

3Welcome LOLC holding company Empty Re: Welcome LOLC holding company Thu Apr 07, 2011 10:34 pm

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics



Very good news.LOLC seem to have bright future.

4Welcome LOLC holding company Empty Re: Welcome LOLC holding company Thu Apr 07, 2011 11:11 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

This is great news. This stock should react positive and would go up. LOLC has been a great stock, unfortunately ended where it is now.

5Welcome LOLC holding company Empty Re: Welcome LOLC holding company Thu Apr 07, 2011 11:16 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

I dont think so. there was one selling order of 25,000, someone was in a hurry to sell some shares. I think that was the reason the price came down that much (maybe he didn't get the good news, as I only go to know today evening). I can remeber it came down 116 and bounce back to 124 last month.

this is good news and good Prospects for LOLC. I think this will touch 140 levels very soon again.

6Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 12:31 am

babytrader


Equity Analytic
Equity Analytic

Light of Hope wrote:This is great news. This stock should react positive and would go up. LOLC has been a great stock, unfortunately ended where it is now.

go up ?... i saw stocking coming down to 117 & 118/=.... possibly due to the announcement ?

7Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 5:08 am

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

babytrader wrote:
Light of Hope wrote:This is great news. This stock should react positive and would go up. LOLC has been a great stock, unfortunately ended where it is now.

go up ?... i saw stocking coming down to 117 & 118/=.... possibly due to the announcement ?


That's how it works in CSE. when big fish wants to sell they push up the stock and dump on retailers. sameway when they want to buy they drop the stock down, so they can collect cheap and start a rally of that share.

8Welcome LOLC holding company Empty welcome LOLC holding company Fri Apr 08, 2011 7:13 am

nal 78


Equity Analytic
Equity Analytic

Central Bank approves holding company status for LOLC; Pioneering leasing firm now highly-diversified says stage set for phase of exponential growth and give leadership to post-war boom in Sri Lanka
The Central Bank has approved Lanka Orix Leasing Company (LOLC)  moves to go for a holding company structure, which the latter said would unleash a new phase of exponential growth and leadership in post-war Sri Lanka.
Following a series of strategic acquisitions and investments made in the financial and other high growth sectors such as leisure, construction, technology, agriculture and renewable energy, LOLC had sought and been subsequently granted approval by Central Bank to formally operate as the holding company of the Group. This is instead of continuing to function as a finance leasing company.
LOLC, the pioneer in leasing in Sri Lanka, said the Group would continue to offer finance leasing products through its subsidiaries Lanka Orix Finance Company Ltd., which is to be listed shortly, the Commercial Leasing Company Ltd. and LOLC Micro Credit Ltd.
It was emphasised that migration to a holding company structure was expected to “set the stage for LOLC Group to reach a phase of exponential growth in the coming years with its operations becoming even more structured and straight forward for its regulators and long standing funding partners”.
LOLC also said the Group would also be in a better position to maintain the high standard of transparency and good governance practices, which it described as being “of extreme importance to the group”.
The holding company structure will also result in the group being able to further enhance the benefits generated by economies of scale with the successfully adopted shared services model among group companies.
This operational model, LOLC said, had resulted in the group being able to harness and maximise the usage of available human resource skills as well as achieve greater cohesiveness and focus in the macro goals of the group.
“With a strong presence in the northern and eastern parts of the country, which are going through a period of accelerated development and with a country-wide network of more than 140 locations offering customised financial solutions to thousands of customers, the LOLC group is poised to give leadership to the post war development in the country,” LOLC said.
Analysts have described LOLC’s recent diversification as “exponential.” For example its assets in the current 2010/11 financial year surpassed the Rs. 100 billion mark and amounted to Rs. 108 billion as at 31 December, 2010 as opposed to Rs. 10.7 billion in 2005 and Rs. 46.2 billion in 2009. It was in 2009/10 that it made several strategic acquisitions after controlling shareholders led by Raja and Ishara Nanayakkara strengthened their positions and the management including the placement of former Citibank Sri Lanka CEO Kapila Jayawardena as the Group CEO and Managing Director. ORIX Corporation of Japan co-founder of LOLC owns 30% stake and is also represented on the Board.
Whilst a formal classification of it as a diversified holding and subsequent placement within the diversified sector listed companies is pending, the 30 year old LOLC has already overtaken several of the old league conglomerates in profits (see table). In terms of net profit attributable to equity shareholders LOLC is second only to premier blue chip JKH though LOLC is at the top in terms of assets. LOLC’s after-tax profit in the first nine months of 2010/11 is more than the combined profit of past four years whilst its market capitalisation has rocketed in the past year.

http://www.ft.lk/2011/04/08/welcome-the-new-conglomerate/

http://www.lbo.lk/fullstory.php?nid=775799733

9Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 7:17 am

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

nal 78 wrote:http://www.ft.lk/2011/04/08/welcome-the-new-conglomerate/

http://www.lbo.lk/fullstory.php?nid=775799733

Is there ANY economic impact????? Evil or Very Mad

10Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 7:51 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Light of Hope wrote:
babytrader wrote:
Light of Hope wrote:This is great news. This stock should react positive and would go up. LOLC has been a great stock, unfortunately ended where it is now.

go up ?... i saw stocking coming down to 117 & 118/=.... possibly due to the announcement ?


That's how it works in CSE. when big fish wants to sell they push up the stock and dump on retailers. sameway when they want to buy they drop the stock down, so they can collect cheap and start a rally of that share.

Wonder why these guys did not sell when it was rs 1381-40s. Not we see huge selloing orders at R 118. Hmm...

11Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 8:25 am

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

LOLC is moving in and out of top ten market capitalization list, it's a huge company.

12Welcome LOLC holding company Empty LOLC important artical ... Fri Apr 08, 2011 9:32 am

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics

http://www.ft.lk/2011/04/08/welcome-the-new-conglomerate/

13Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 3:10 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

kuk83 wrote:http://www.ft.lk/2011/04/08/welcome-the-new-conglomerate/

Thanks for information.



14Welcome LOLC holding company Empty Re: Welcome LOLC holding company Fri Apr 08, 2011 4:49 pm

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

Academic wrote: Is there ANY economic impact????? Evil or Very Mad

This is from LOLC's statement :-

QUOTE:

It was emphasised that migration to a holding company structure was expected to “set the stage for LOLC Group to reach a phase of exponential growth in the coming years with its operations becoming even more structured and straight forward for its regulators and long standing funding partners”.

LOLC also said the Group would also be in a better position to maintain the high standard of transparency and good governance practices, which it described as being “of extreme importance to the group”.

The holding company structure will also result in the group being able to further enhance the benefits generated by economies of scale with the successfully adopted shared services model among group companies.

This operational model, LOLC said, had resulted in the group being able to harness and maximise the usage of available human resource skills as well as achieve greater cohesiveness and focus in the macro goals of the group

UNQUOTE :

Lets discuss.

http://forum.srilankaequity.com/u188

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