LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000)

manula · 26 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:06 pm

manula

Vice President - Equity Analytics

Posts : 1171
Join date : 2011-04-18

sithika wrote:i managed to get 100 which is goin to sell at 900

going to sell at 900 Razz

seyon · 27 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:13 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Join date : 2011-02-01

manula wrote:

sithika wrote:i managed to get 100 which is goin to sell at 900

going to sell at 900

Why u wonder ?

Possible in CSE, See with in two days Rs.1.70 become Rs.27.90.

This is very easy task for our traders to push up 27.90 to Rs.900 even to Rs.9,000......

UKboy · 28 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:36 pm

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Join date : 2011-02-08

Oh Regulators.. They should have stayed right behind me and advice not to buy this massively over valued counter. Why cannt they do such a simple thing.
Government should sack the whole board.

player · 29 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:51 pm

player

Moderator

Posts : 480
Join date : 2011-06-10

Genting wrote:

seyon wrote:

From tomorrow onwards, the chairman and board members are the persons who bought today...

Damm... I always wanted be a board member or at least in the Top 20 list!
Seems like I miss the bus

me too,shit missed the Mn order Sad

i was thinking to change the name of the company as ****** finance company Wink

Fresher · 30 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:55 pm

Fresher

Moderator

Posts : 1498
Join date : 2011-02-04

SShhh.... these days introductions are more profitable for existing S/Hs than IPOs.
Therefore in the future they would consider an introduction to go public then a rights issue to raise more from the retailers

StocksWatch · 31 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Fri Jul 22, 2011 9:48 am

StocksWatch

Assistant Vice President - Equity Analytics

Posts : 720
Equity Stars : 6014
Reputation : 186
Join date : 2011-02-12

seyon wrote:Hi Friends

To be frank, I did not even open the introductory document, So, can u just explain me is it worth to pay @ Rs.27.90, whereas its reference price just only Rs.1.70 ?

Yesterday i found only 100 shares were trade @ 18.60 Today 825,100 shares trade @ 27.90, then Tomorrow ?

Funny thing we can see from next annual report or may be coming quarter report, our innocent retailer Mr.X and Mr.Y in the Board

Happy Trading

Seyon, the simple answer is it is not worth for that price. This is what I posted in another thread.

Paying Rs. 27.90 for a share having 11 months EPS of Rs. 0.34 and NAVPS of Rs. 4.53 as per the introductory document is just crazy.

See http://www.cse.lk/cmt/upload_report_file/1076_1311136379887.pdf

However, the EPS calculation in the introductory document seems flawed. The correct diluted EPS calculation will be as below.

11 months profit – Rs. 17,398,320.00
Total issued shares – 100,716,730 (after 1:10 split)
11 months EPS – 0.17
Annualized diluted EPS – 0.19

At an annual EPS of Rs. 0.19, this is currently trading at PE ratio of above 146.

Private placement took place last December for a share price of Rs. 1 and Rs. 1.65. Imagine how much profit they are making now.

I am sure those who buy this share at these levels will come later and start blaming the regulators for not saving them from their own mistakes just like the others are doing already.

http://forum.srilankaequity.com/t7016-cse-slaughter-house?highlight=slaughter

mark · 32 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Fri Jul 22, 2011 7:21 pm

mark

Expert

Posts : 2677
Equity Stars : 9944
Reputation : 423
Join date : 2011-02-04
Age : 34
Location : Hell....

here we got the sweet announcement

http://www.cse.lk/cmt/upload_cse_announcements/9091311335300_.pdf

sold 20,000 at 27.90Rs

total profit=524,000Rs
total return=1541%,only in SRILANKA

*the 18.60 trade of 100 shares were intentionally made to increase the price in coming days Evil or Very Mad

now who is the new directors Question

Many more announcements are on the way Twisted Evil

Gaja · 33 See the Last Announcement Fri Jul 22, 2011 10:48 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9875
Reputation : 260
Join date : 2011-01-27
Age : 41
Location : Colombo

http://www.cse.lk/cmt/upload_cse_announcements/9091311335300_.pdf

hettdas · 34 Nanda Investments traded lot today Mon Jun 17, 2013 10:17 am

hettdas

Assistant Vice President - Equity Analytics

Posts : 611
Equity Stars : 6851
Reputation : 31
Join date : 2011-02-01

Nanda Investments 582000 traded with 155 trades. Any news ?

Redbulls · 35 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:30 am

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 16261
Reputation : 770
Join date : 2012-02-14

http://forum.srilankaequity.com/t29301-nanda-finance-stake-to-be-sold

Harry82 · 36 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:36 am

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8969
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

A stake in Nanda Investments and Finance Limited owned by the Mallawarachchi family is being negotiated to be divested, according to sources close to the company.
“There is a party that has approached Nanda Investments and Finance and the discussions are on,” a source told the Business Times. He didn’t divulge for how much it is being sold, but said that it is a part stake of the 42 per cent which the Mallawarachchi family owns.
Lalith Mallawarachchi, also the managing director of the company, has 16.89 per cent in the company while his automobile company Nanda Motors has 14.6 per cent. Dinal Wijemanne, former CEO/Managing Director of brokerage Taprobane, has 28 per cent. Deposit mobilisation, leasing, hire purchase and loans to individuals and small to medium scale enterprises are the core businesses of Nanda Investments and Finance.

Arena · 37 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:49 am

Arena

Assistant Vice President - Equity Analytics

Posts : 702
Equity Stars : 5255
Reputation : 44
Join date : 2012-07-31
Location : Colombo

@ Harry82

Can you provide the Link of the Business Times article of a contact person to make a negotiation for the stake .......plz

Harry82 · 38 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:58 am

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8969
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

Dont sell At this low price.

Asset also Rs 5.30.
I think up above Rs 10.00

Redbulls · 39 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 11:02 am

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 16261
Reputation : 770
Join date : 2012-02-14

Harry82 wrote:Dont sell At this low price.

Asset also Rs 5.30.
I think up above Rs 10.00

Arena · 40 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 11:09 am

Arena

Assistant Vice President - Equity Analytics

Posts : 702
Equity Stars : 5255
Reputation : 44
Join date : 2012-07-31
Location : Colombo

I dont know the retail Mkt price. But for this 42% stake i can arrange around Rs. 5.00 - 6.50 Per share due to the NAV. But need to check the Quality of the assets and the finance license.
Nothing else to be taken.

If a reputed manipulater take this quantity yes can be another DPL.

smallville · 41 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 1:52 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10300
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

Arena wrote:I dont know the retail Mkt price. But for this 42% stake i can arrange around Rs. 5.00 - 6.50 Per share due to the NAV. But need to check the Quality of the assets and the finance license.
Nothing else to be taken.

If a reputed manipulater take this quantity yes can be another DPL.

It says,
Dinal Wijemanne, former CEO/Managing Director of brokerage Taprobane, has 28 per cent.

So be a lil' extra cautious.. Rolling Eyes

balapas · 42 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:09 pm

balapas

Senior Manager - Equity Analytics

Posts : 359
Equity Stars : 5252
Reputation : 26
Join date : 2011-07-25
Age : 44

This share was manipulated after the IPO in 2011 and went close to RS30. But I think people are more mature now not to fall pray. This is already trading at a high premium. See its fallen back to the closing price.

besthope · 43 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:25 pm

besthope

Manager - Equity Analytics

Posts : 100
Equity Stars : 5777
Reputation : 0
Join date : 2012-02-20

Harry82 wrote:Dont sell At this low price.

Asset also Rs 5.30.
I think up above Rs 10.00

did your "nanda" (aunty) give you this inside information

Jiggysaurus · 44 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:26 pm

Jiggysaurus

Assistant Vice President - Equity Analytics

Posts : 962
Equity Stars : 6541
Reputation : 68
Join date : 2012-06-14

balapas wrote:This share was manipulated after the IPO in 2011 and went close to RS30. But I think people are more mature now not to fall pray. This is already trading at a high premium. See its fallen back to the closing price.

Looks like the sunday times article was used to dump the share on to the retailers, nearly 1 million shares traded and price unchanged from the last closing. Let's see what happens during the rest of the week.

Harry82 · 45 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:37 pm

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8969
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

i also waiting for that

Takecharge · 46 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 4:17 pm

Takecharge

Manager - Equity Analytics

Posts : 221
Equity Stars : 4640
Reputation : 6
Join date : 2012-11-06

smallville wrote:

Arena wrote:I dont know the retail Mkt price. But for this 42% stake i can arrange around Rs. 5.00 - 6.50 Per share due to the NAV. But need to check the Quality of the assets and the finance license.
Nothing else to be taken.

If a reputed manipulater take this quantity yes can be another DPL.

It says,
Dinal Wijemanne, former CEO/Managing Director of brokerage Taprobane, has 28 per cent.

So be a lil' extra cautious..
we should not judge as his case is still on

Arena · 47 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 4:21 pm

Arena

Assistant Vice President - Equity Analytics

Posts : 702
Equity Stars : 5255
Reputation : 44
Join date : 2012-07-31
Location : Colombo

Machan my company wanted this 42% stake. That is y I was searching. Now sorted. We want a finance company with good Savings base not with Lands like NIFL.

Jiggysaurus · 48 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 4:24 pm

Jiggysaurus

Assistant Vice President - Equity Analytics

Posts : 962
Equity Stars : 6541
Reputation : 68
Join date : 2012-06-14

Takecharge wrote:
we should not judge as his case is still on

One of the cases is already done and dusted with DW clearly implicated.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=67324

econ · 49 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 9:27 pm

econ

Global Moderator

Posts : 1479
Equity Stars : 8619
Reputation : 94
Join date : 2011-01-27

any idea who is the buyer?

hettdas · 50 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Tue Jun 18, 2013 8:51 am

hettdas

Assistant Vice President - Equity Analytics

Posts : 611
Equity Stars : 6851
Reputation : 31
Join date : 2011-02-01

My broker said this would pass 10 within few days. But he didn't tell me the exact reason.

Harry82 · 51 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Tue Jun 18, 2013 9:14 am

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8969
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

My broker also said that

Takecharge · 52 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 24, 2013 9:24 am

Takecharge

Manager - Equity Analytics

Posts : 221
Equity Stars : 4640
Reputation : 6
Join date : 2012-11-06

will NIFL move up Today to new heights ?

Harry82 · 53 Who is the buyer of NIFL? Wed Jun 26, 2013 10:55 am

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8969
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

Who is the buyer of NIFL?

KDD???

Takecharge · 54 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Wed Jun 26, 2013 10:57 am

Takecharge

Manager - Equity Analytics

Posts : 221
Equity Stars : 4640
Reputation : 6
Join date : 2012-11-06

Big buy orders

Harry82 · 55 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Wed Jun 26, 2013 10:58 am

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8969
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

Management changed

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000)

26 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:06 pm

manula

27 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:13 pm

seyon

28 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:36 pm

UKboy

29 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:51 pm

player

30 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Thu Jul 21, 2011 10:55 pm

Fresher

31 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Fri Jul 22, 2011 9:48 am

StocksWatch

32 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Fri Jul 22, 2011 7:21 pm

mark

33 See the Last Announcement Fri Jul 22, 2011 10:48 pm

Gaja

34 Nanda Investments traded lot today Mon Jun 17, 2013 10:17 am

hettdas

35 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:30 am

Redbulls

36 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:36 am

Harry82

37 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:49 am

Arena

38 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 10:58 am

Harry82

39 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 11:02 am

Redbulls

40 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 11:09 am

Arena

41 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 1:52 pm

smallville

42 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:09 pm

balapas

43 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:25 pm

besthope

44 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:26 pm

Jiggysaurus

45 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 2:37 pm

Harry82

46 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 4:17 pm

Takecharge

47 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 4:21 pm

Arena

48 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 4:24 pm

Jiggysaurus

49 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 17, 2013 9:27 pm

econ

50 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Tue Jun 18, 2013 8:51 am

hettdas

51 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Tue Jun 18, 2013 9:14 am

Harry82

52 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Mon Jun 24, 2013 9:24 am

Takecharge

53 Who is the buyer of NIFL? Wed Jun 26, 2013 10:55 am

Harry82

54 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Wed Jun 26, 2013 10:57 am

Takecharge

55 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000) Wed Jun 26, 2013 10:58 am

Harry82

56 Re: LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000)

Sponsored content

New topics