LOLC DEVELOPMENT FINANCE PLC (NIFL.N0000)

indi009 wrote:

piras wrote:Collecting at this level is low risk and good to trade.

All the indicators indicates it's the right time to buy, but the share is not moving??????

RSI 44.55
Stochastic Oscillator 1.28
MACD 0.467115

Still no luck

Average karanawa kiyala kochchara kiyala average karantaga.

I bought even Rs.11 levels but still going down

Me too. Still holding on. Today i also bought.

11 is a good price according to the charts, isnt it?

sirimevan wrote:11 is a good price according to the charts, isnt it?

YES it is a good price but due to festival season/ elections are round the corner market should come down.
Therefore this share too should come down??????????

I'm not sure that is what I see.

mala keliyai apahu Rs.7-8 withara watunoth

NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky


http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

yes

any one know legal situation
how can they delist in this short period?

NZ BOY wrote:

Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky


http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

yes

any one know legal situation
how can they delist ?

Same Scenario as TFIL.

Try to take the legal action against CLC

Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

Ahinsaka podi minihatamane kelinda hadanne

buddikasmart wrote:

Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

Ahinsaka podi minihatamane kelinda hadanne

yes this is not good

we never expect these kind of thing

Gainer wrote:NIFL end of trading 9th December

bad news for NIFL share holders

TFIL and NIFL Both are Risky

They will take from your CDS account (NIFL at 9.70)and send the Cheque to home.

http://www.cse.lk/cmt/upload_cse_announcements/3431417173356_.pdf

people who bought credit what is happening to them

It's too bad.

now it's broken my trust on CSE. how they force to share holders to sell their share to any one? this in n unethical situation and all the investors should be against such kind of decisions. if we kept silents next time it will be coming against another share.
also this will badly affect to the foreign investors decisions. how can they trust market with this kind of decisions??????????

Can't we ask our cost of shares from CLC ????

Aiyo ape salli...!!!

Experts Please advice what we can do on this situation?? only losses ????

siga wrote:Experts Please advice what we can do on this situation?? only losses ????

Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that.  

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.   

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. 

We need raise our voice against this type of actions.
What will happen if someone buy below Rs.9.70 next week and keep in his PF. He will earn something.
Seems like it's good???

RPPA wrote:

siga wrote:Experts Please advice what we can do on this situation?? only losses ????

Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that.  

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.   

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. 

Following is an extract from my previous posts. Be careful even with DFCC

Dear member be careful with finance consolidation process. Following are factors

First, more than 50% shares of those companies may be are acquired

The remaining share holders will be offered a mandatory offer

Then,thereafter these companies may be merged. In that process what will happen to those minority share holders who did not accept the mandatory offer ?

Those MI shareholder will be issued parent company's share. At what price?

If you have bought shares at above the mandatory offer, you will get parent company's shares but we dont know at what price?

Then there is a possibility to come the price down to mandatory offer price of those finance companies. This may lead to a drastic market downfall.

Ex. COCR acquired TIFL at 28. then what happen to those who have bought TIFL at 40+ if these two companies merged. The remaining share holders will get cocr shares. But at what price? if cocr issues shares at below mp, then cocr price may come down.

If i am not mistaken MBSL issued shares at NAPS basis for those other two companies.

We need to wait till one merger happens. So be careful with trading above the mandatory offer.


Open to discuss for you dear members

Hey guys can somebody advice me on NIFL??? I have bought 50,000 share at the prices of Rs.11-13. And I don't have money to buy it at lower price since I have a margin call which I have to settle on monday.

What shall I do???
If I sell NIFL at current price I will be incurring a loss of alomost Rs.100,000/- since my average is Rs.12.30 per share.

Your valuable advice in this regard is very much appreciated..

I think we have to seriously look at some facts regarding to NIFL.
Why we should buy this above Rs 9.70 since big buyer paid only that much.
This share was highly discussed here and most of us were unable to think of a such incident.
Does it carry a value of currently trading price.

indi009 wrote:Hey guys can somebody advice me on NIFL??? I have bought 50,000 share at the prices of Rs.11-13. And I don't have money to buy it at lower price since I have a margin call which I have to settle on monday.

What shall I do???
If I sell NIFL at current price I will be incurring a loss of  alomost Rs.100,000/- since my average is Rs.12.30 per share.

Your valuable advice in this regard is very much appreciated..

Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that.  

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.   

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. 

indi009

We don't have any choice now.

We have to recover the loss from some other stock.If any buyers available above @ 9.70 sell off. 

Don't worry i'll help you to recover the loss in best possible way.

After selling NIFL how much if liquidity you will have.

RPPA wrote:

indi009 wrote:Hey guys can somebody advice me on NIFL??? I have bought 50,000 share at the prices of Rs.11-13. And I don't have money to buy it at lower price since I have a margin call which I have to settle on monday.

What shall I do???
If I sell NIFL at current price I will be incurring a loss of  alomost Rs.100,000/- since my average is Rs.12.30 per share.

Your valuable advice in this regard is very much appreciated..

Yes. For me too.

That is the only speculative counter i had in my portfolio. 25% loss from that.  

This is a  good lesson for all. Hereafter don't buy any finance company share (CFL,CALF,TFIL,GSF,ARPI) which is been acquired by another under the new Act of consolidation of finance companies.   

Once they acquired 90% they say companies Act allows them to acquire the rest at the offer price. 

indi009

We don't have any choice now.

We have to recover the loss from some other stock.If any buyers available above @ 9.70 sell off. 

Don't worry i'll help you to recover the loss in best possible way.

After selling NIFL how much if liquidity you will have.

Thanks alot RPPA.

After selling off NIFL I will have about Rs.150,000/- hopefully. I have CINV about 15000 shares. But it came from 113-94 levels that also effected alot for my margin call.

Fortunately I bought 10,000 shares when it was trading Rs.95 levels couple of months back.

RPPA, we all are in the same boat ............ 

We got the risks, when we are trade the NIFL, Now

We are looking for your valuable advice to recover the losses ......  

siga wrote:RPPA, we all are in the same boat ............ 

We got the risks, when we are trade the NIFL, Now

We are looking for your valuable advice to recover the losses ......  

Monawa karandada... oyatika 9.70ta wikunala loss eka cover karaganda puluwa share ekakata maaruwemu.. dan mkt watila nisa hondama share ekaka risk eka adu ekaka daamu.. kattiya ekathu wela walen goda enna hondama share ekak kiyanna... amaruwe watuna aya pawne... mamanam danna ekekwath yawanna NANDA lagata... oka bankolothmawela yanda oni....

Please advise me,
Now it is Rs 9.
What will happen if I buy now and keep it?

piras wrote:Please advise me,
Now it is Rs 9.
What will happen if I buy now and keep it?

Don't read the heading of this post.

RPPA wrote:

piras wrote:Please advise me,
Now it is Rs 9.
What will happen if I buy now and keep it?

Don't read the heading of this post.

RPPA,

I didn't get you please..

If they are going to buy NIFL at 9.70 why people are selling at 9.00???? Any catch????

piras wrote:

RPPA wrote:

piras wrote:Please advise me,
Now it is Rs 9.
What will happen if I buy now and keep it?

Don't read the heading of this post.

RPPA,

I didn't get you please..

NIFL will not trade after 09/12/2014 as per a company announcement.

RPPA

This is very unfair....!!! 

Api salli deela gaththata mewa ape shares newei wagene....!!! eka ekkenata ona widiyata balen ganna puluwanda ehema...!!!

09.70 api denna akamathi nam apita wena option ekak nadda ???

What is the legal background of this ???