Rs. 6 Billion for TFC from Central Bank of Si Lanka

The Best ROI · 1 Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 12:08 am

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Rs. 6 Billion for TFC from Central Bank of Si Lanka.

TFC has got Rs. 6 billion from Central Bank (CB) of Si Lanka, as an insurance loan schedule.
This may provide many advantages for TFC into a bright future.

Under the new director board (New Management including Dr. SHAM Abeyrathne ), TFC is performing well now. Usually, CB does thoroughly assess under different criteria, before granting any loan. CB must be very confident about the current / future business forecast of TFC.
Please read the CSE announcement on 16th Dec 2014 by CB (TFC - 2nd page)

As per the report of last quarter ;
Net Trading Income increased by 3757% (six Months)
Other Operating Income increased by 101%

DR. T. SENTHILVERL - 13 Million (3 accounts)
EPF - 5.09 Million

75.58% (45.6 million shares) with first 20 holders.
Only 14.42 % (nearly 15 Million shares) in the market.

With such immense support given by Central Bank of Si Lanka, I think TFC has a very good potential in a rapid-growing-up.

Gainer

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TFC good news

http://www.cse.lk/cmt/upload_cse_announcements/9731418785542_.pdf

RPPA

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What ever the support received from CBSL this is a company of negative NAV of Rs.58.16 per share. The value comes to about Rs.9.30Bn.

6 Month financial loss is more than 1Bn. First to come out of this mess TFC has to make a net interest margin. Currently it has a net interest loss of Rs.642 Mn.

So to make a net profit how long it will take?

Last edited by RPPA on Wed Dec 17, 2014 9:47 am; edited 1 time in total

man123

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RPPA wrote:What ever the support received from CBSL this is a company of negative NAV of Rs.58.16 per share. The value comes to about Rs.9.30Bn.

6 Month financial loss is more than 1Bn. First to come out of this mess TFC has to make a net interest margin. Currently it is net interest loss of Rs.642 Mn.

So to make a net profit how long it will take?

RPPA ! doesn't' matter about these thinks , the point is CB interest to safe/ help to TFC .
may be this is the point to turn back
TFC trading at these level when their NAV was minus (-) so TFC speculative stock as well
TFC can pass 30/= soon

RPPA

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The risk for shareholders has reduced due to the 6Bn cash infusion.That is a plus.

But to turn this around to make true profits will take time.

hlsindrajith

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I was looking for a source every where CB's 6 billion transfer to TFC. there are confirmations regarding 2nd phase but not the amount 6 billion I found no corroboration for the thread here regarding 6 billion. Can anybody please guide me?

Gainer

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hlsindrajith wrote:I was looking for a source every where CB's 6 billion transfer to TFC. there are confirmations regarding 2nd phase but not the amount 6 billion I found no corroboration for the thread here regarding 6 billion. Can anybody please guide me?

http://www.cse.lk/cmt/upload_cse_announcements/9731418785542_.pdf

hlsindrajith

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Dear Gainer
Extremely thank you for the info

visionstar

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TFC net asset shortfall was around 5 Billion. Now they have got 6 billion to start afresh. They are extremely lucky to get so much funding from Central Bank at this moment. So retailers can trade this share with confidence as there is no apparent reason for the share price to drop sharply from current levels.

man123

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visionstar wrote:TFC net asset shortfall was around 5 Billion. Now they have got 6 billion to start afresh. They are extremely lucky to get so much funding from Central Bank at this moment. So retailers can trade this share with confidence as there is no apparent reason for the share price to drop sharply from current levels.

some selling coming on after that it will go 30/- soon Very Happy

slmarket2

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aiyo RP wedak nah ne mechchara negative reps oyage hoda comments walata.

is this free money to TFC that CB gave?

RPPA

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slmarket2 wrote:aiyo RP wedak nah ne mechchara negative reps oyage hoda comments walata.

is this free money to TFC that CB gave?

Yes Machang. We don't have value here due to the people who promote bad stocks with wrong information & double tripple profile holders. See these days they are the kings of SLEF.

None of the experts are active.Though I am working with very tight schedule in this month i somehow posted some comments when time permits for the betterment of others. Neutral

If this bad behavior continues i may also has to step down from these positions.

slmarket2

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RPPA wrote:

slmarket2 wrote:aiyo RP wedak nah ne mechchara negative reps oyage hoda comments walata.

is this free money to TFC that CB gave?

Yes Machang. We don't have value here due to the people who promote bad stocks with wrong information & double tripple profile holders. See these days they are the kings of SLEF.

None of the experts are active.Though I am working with very tight schedule in this month i somehow posted some comments when time permits for the betterment of others.

If this bad behavior continues i may also has to step down from these positions.

ow ithin post eke trading income increase 3500% increase ekatath mata hina giya

ahinsaka minissunta karana napuru wada owa.

man123

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under 21/= TFC is very good buy
some selling coming after that it will move up

The Best ROI

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slmarket2, please see last report. I got all information based on last financial report. I clearly said it may have future potential, but not now. Final decision is with investors. but, we should be genuine of correct figures.

slmarket2

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The Best ROI wrote:slmarket2, please see last report. I got all information based on last financial report. I clearly said it may have future potential, but not now. Final decision is with investors. but, we should be genuine of correct figures.

percentage is misleading

Jana

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buyers coming .. all sell finished according to the broker said to me ARR sold

starting to move up now

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Rs. 6 Billion for TFC from Central Bank of Si Lanka

1 Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 12:08 am

The Best ROI

2 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 9:27 am

Gainer

3 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 9:41 am

RPPA

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man123

5 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 9:52 am

RPPA

6 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 9:55 am

hlsindrajith

7 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 10:03 am

Gainer

8 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 11:25 am

hlsindrajith

9 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 1:23 pm

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11 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 2:04 pm

slmarket2

12 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Wed Dec 17, 2014 3:37 pm

RPPA

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15 Re: Rs. 6 Billion for TFC from Central Bank of Si Lanka Thu Dec 18, 2014 10:16 am

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