CIFL Restructure starts

piyalpy · 1 CIFL Restructure starts Wed Jun 25, 2014 4:46 pm

piyalpy

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25 June, 2014 08:50 AM Source: Financial Times - Sri Lanka

The Court of Appeal has dismissed the writ application submitted by the depositors of Central Investments and Finance Plc (CIFL) last week.
The writ application was for a stay order against two conditions of the company restructuring proposal.
Following the dismissal, the stay order imposed on the implementation of the restructuring plan submitted by the Managing Agents with the approval of the Board of Directors and approved by Monetary Board in August 2013 was removed effective immediately.

Nearly 16M shares changed hands today... Very Happy

shadow walker · 2 Re: CIFL Restructure starts Wed Jun 25, 2014 7:37 pm

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Tommorow is a big day for CIFL ....

SHARK aka TAH · 3 Re: CIFL Restructure starts Wed Jun 25, 2014 8:01 pm

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I thought it was today

troy · 4 Re: CIFL Restructure starts Wed Jun 25, 2014 8:33 pm

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SHARK wrote:I thought it was today

Na na... adane public une... ablic wenna thawa kal thiyenawa Laughing

Surely not this week... this week only upward movements...

shadow walker · 5 Re: CIFL Restructure starts Wed Jun 25, 2014 10:08 pm

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Yep yep TROY
thawa kal thiyanawa.. Ita kalin profit eka aran exit wenawa..

NZ BOY · 6 Re: CIFL Restructure starts Wed Jun 25, 2014 10:12 pm

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hoda hoda sellam heta aniddata balaganna puluvan manupalting
every where

aiyosalli · 7 Re: CIFL Restructure starts Thu Jun 26, 2014 9:55 am

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Any price prediction........................Over 8mn sellers at 1.50

Meman · 8 Re: CIFL Restructure starts Thu Jun 26, 2014 10:34 am

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CIFL will get money from Liquidity Support Scheme (LSS) for any licensed finance company (LFC) If this happens quick it will give more than 200% within a week or so. Keep in mind there will be a convertion of some deposits to non voting so obviously will not be done at current prices. Non voting shares will come at less than the voting so the prices will be pushed up. Thats what I think.

troy · 9 Re: CIFL Restructure starts Thu Jun 26, 2014 10:40 am

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talked with several brokers and all are very positive on this. big big collection going on.

ASIA sec and First capital brokers told this will hit 1.70 today. they strongly recommend to buy.

shadow walker · 10 Re: CIFL Restructure starts Thu Jun 26, 2014 12:36 pm

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troy
who told you CIFL goes to 1.70 Is it broker company or casino company
maximum price is 1.50
but i'm just exit at 1.40..

troy · 11 Re: CIFL Restructure starts Thu Jun 26, 2014 12:42 pm

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friend wait till the day end.. so many plans for cifl. these ups and downs are inevitable,part of the game.

Just hold tight and watch

happy trading Laughing