Bimputh Finance PLC

sew · 1 Bimputh Finance PLC Tue Feb 18, 2014 3:52 pm

sew

Senior Equity Analytic

Posts : 67
Equity Stars : 4019
Reputation : 6
Join date : 2014-02-03

Any reason why this share going up in price at a faster pace. Is it still a good buy at this price.

Aubrey Perera · 2 Re: Bimputh Finance PLC Tue Feb 18, 2014 4:30 pm

Aubrey Perera

Vice President - Equity Analytics

Posts : 1005
Equity Stars : 7417
Reputation : 12
Join date : 2013-03-12

No idea , probably merger rumours. But be very careful when playing with illiquid shares (what goes up must come down)

sew · 3 Re: Bimputh Finance PLC Tue Feb 18, 2014 5:46 pm

sew

Senior Equity Analytic

Posts : 67
Equity Stars : 4019
Reputation : 6
Join date : 2014-02-03

strange after rights issue
http://forum.srilankaequity.com/t24619-23-nov-2012-bimputh-finance-rights-issue-of-shares-dates?highlight=BIMPUTH

Rapaport · 4 Re: Bimputh Finance PLC Tue Feb 18, 2014 6:28 pm

Rapaport

Assistant Vice President - Equity Analytics

Posts : 681
Equity Stars : 5928
Reputation : 55
Join date : 2011-02-01

Most finance firms keen to merge, not sell
By Duruthu Edirimuni Chandrasekera
View(s):

Most small finance companies, under the Central Bank’s new merge or sell policy, don’t want to sell but are eyeing opportunities to merge with strategic partners, according to industry sources.

“We’re already in discussion with about six different companies to merge – not to sell,” a CEO of a medium sized finance company told the Business Times. He added that many small timers were also approaching their larger counterparts.

In line with the recent budget proposal where small finance companies are to be merged reducing the number of finance companies to 20 from a current 58 and strengthening at least five Sri Lankan banks to double their assets to Rs. 1 trillion from a current Rs. 500 billion, most large finance firms will be discussing with their smaller counterparts to acquire them.

Next week some firms which have less than Rs. 8 billion in assets will be meeting a Central Bank team, tasked with the consolidation process, with their suggestions and for further discussions, the CEO said.

He said that directors of some medium sized finance firms were planning to infuse capital in a bid to make them attractive for mergers. Industry sources said that one specialised finance company had successfully negotiated to change hands and that the sale would be announced shortly.

http://www.sundaytimes.lk/140216/business-times/most-finance-firms-keen-to-merge-not-sell-85549.html

Leon · 5 Re: Bimputh Finance PLC Tue Feb 18, 2014 10:45 pm

Leon

Assistant Vice President - Equity Analytics

Posts : 735
Equity Stars : 5898
Reputation : 33
Join date : 2011-08-06

Rapaport wrote:
Most finance firms keen to merge, not sell
By Duruthu Edirimuni Chandrasekera
View(s):

Most small finance companies, under the Central Bank’s new merge or sell policy, don’t want to sell but are eyeing opportunities to merge with strategic partners, according to industry sources.

“We’re already in discussion with about six different companies to merge – not to sell,” a CEO of a medium sized finance company told the Business Times. He added that many small timers were also approaching their larger counterparts.

In line with the recent budget proposal where small finance companies are to be merged reducing the number of finance companies to 20 from a current 58 and strengthening at least five Sri Lankan banks to double their assets to Rs. 1 trillion from a current Rs. 500 billion, most large finance firms will be discussing with their smaller counterparts to acquire them.

Next week some firms which have less than Rs. 8 billion in assets will be meeting a Central Bank team, tasked with the consolidation process, with their suggestions and for further discussions, the CEO said.

He said that directors of some medium sized finance firms were planning to infuse capital in a bid to make them attractive for mergers. Industry sources said that one specialised finance company had successfully negotiated to change hands and that the sale would be announced shortly.

http://www.sundaytimes.lk/140216/business-times/most-finance-firms-keen-to-merge-not-sell-85549.html

I thought it was AAF.