CIFL – Red Signal for investors

Blue blooded · 1 CIFL – Red Signal for investors Mon Sep 26, 2016 5:00 pm

Blue blooded

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CIFL – Red Signal for investors

On 22 Sept. 2016 the company informed that German company is willing to buy 100% of the company carefully avoiding at what price they offered. Is it -/10 or -/20 cents? The company in effect encourage some brokers / investors to manipulate with the result ignorant investors would ultimately suffer.

(1) What is interesting is so far German delegation that came mainly to look for opportunities in North and East never issued a signed statement or given a TV interview re this matter.

(2) Letter dated 19 Sept. 2016 say CB re a loan requested not positively responded due to non availability of ad equated assets as collateral. The present Central Bank is not foolish to bailout a bankrupt company.

(3) Company Record

A. Profitability 13/14 Loss Rs. 4315 M

12/13 Loss Rs. 332 M

The company has not submitted reports for 2 years 14/15 and 15/16. Total loss may be Rs. 10000 M. Nobody knows.

B. During 13/14 capital recorded a loss of Rs. 3943 M and not given NAV and EPS. Very interesting?

(4) During 13/14 audit no transfer deeds were available for the properties said to own and KPMG who did the audit says “we do not express an opinion on the financial statement.”

It is the considered opinion if the German investors are genuine and honest, they would never touch a bankrupt company which was probed by the C.I.D due to massive fraud. The regulatory authorities should have desisted the company long ago to safe guard new investors and at least they should now suspend temporarily.

Watch Dog

(group of investors/brokers)

PS. : According to Sunday Times of 25^th Sept. (yesterday) company had been informed on 21^st Sept. (Wednesday) by Central Bank that only monetary board can decide the sale of the company subject to some conditions and this vital information not released to the stock exchange as at morning of 26^th Sept. (Monday). Why? SEC must probe this to save innocent investors without any delay.

anges · 2 Re: CIFL – Red Signal for investors Mon Sep 26, 2016 8:22 pm

anges

Assistant Vice President - Equity Analytics

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people in the forum this is a good read ! be on top of things dont get caught to crap ! stay safe dont burn your fingers

point · 3 Re: CIFL – Red Signal for investors Mon Sep 26, 2016 10:19 pm

point

Manager - Equity Analytics

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Blue blooded wrote:
CIFL – Red Signal for investors

On 22 Sept. 2016 the company informed that German company is willing to buy 100% of the company carefully avoiding at what price they offered. Is it -/10 or -/20 cents? The company in effect encourage some brokers / investors to manipulate with the result ignorant investors would ultimately suffer.

(1)        What is interesting is so far German delegation that came mainly to look for opportunities in North and East never issued a signed statement or given a TV interview re this matter.

(2)        Letter dated 19 Sept. 2016 say CB re a loan requested not positively responded due to non availability of ad equated assets as collateral. The present Central Bank is not foolish to bailout a bankrupt company.

(3)        Company Record
            A.         Profitability      13/14   Loss     Rs. 4315 M
                                                12/13   Loss     Rs.   332 M
The company has not submitted reports for 2 years 14/15 and 15/16. Total loss may be Rs. 10000 M. Nobody knows.

B.         During 13/14 capital recorded a loss of Rs. 3943 M and not given NAV and EPS. Very interesting?

(4)        During 13/14 audit no transfer deeds were available for the properties said to own and KPMG who did the audit says “we do not express an opinion on the financial statement.”

            It is the considered opinion if the German investors are genuine and honest, they would never touch a bankrupt company which was probed by the C.I.D due to massive fraud. The regulatory authorities should have desisted the company long ago to safe guard new investors and at least they should now suspend temporarily.

Watch Dog
(group of investors/brokers)

PS. : According to Sunday Times of 25^th Sept. (yesterday) company had been informed on 21^st Sept. (Wednesday) by Central Bank that only monetary board can decide the sale of the company subject to some conditions and this vital information not released to the stock exchange as at morning of 26^th Sept. (Monday). Why? SEC must probe this to save innocent investors without any delay.

Compare to Sri Lanka finance sector CIFL is a peanut, but important factor is world vision about SL finance sector and stability of finance sector.Bad image can do huge damages. Just forget it, what should we do about CIFL Depositors. Do you say Government should pay for them. CIFL should re establish and we need big investor (too hard to find too). If SL got one best thing keep them and help them to overcome. Then change company name and do business continue. Long process but need it to do (only my vision )

man123 · 4 Re: CIFL – Red Signal for investors Mon Sep 26, 2016 11:51 pm

man123

Senior Manager - Equity Analytics

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just wait for few days then you will see the push up again everyone panic now . they will use the chance,

still we have good time with this to do trading. don't miss it

Gallardo · 5 Re: CIFL – Red Signal for investors Tue Sep 27, 2016 5:27 am

Gallardo

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@Blue blooded wrote:

CIFL – Red Signal for investors

On 22 Sept. 2016 the company informed that German company is willing to buy 100% of the company carefully avoiding at what price they offered. Is it -/10 or -/20 cents? The company in effect encourage some brokers / investors to manipulate with the result ignorant investors would ultimately suffer.

(1) What is interesting is so far German delegation that camemainly to look for opportunities in North and East never issued a signed statement or given a TV interview re this matter.

(2) Letter dated 19 Sept. 2016 say CB re a loan requested not positively responded due to non availability of ad equated assets as collateral. The present Central Bank is not foolish to bailout a bankrupt company.

(3) Company Record

A. Profitability 13/14 Loss Rs. 4315 M

12/13 Loss Rs. 332 M

The company has not submitted reports for 2 years 14/15 and 15/16. Total loss may be Rs. 10000 M. Nobody knows.

B. During 13/14 capital recorded a loss of Rs. 3943 M and not given NAV and EPS. Very interesting?

(4) During 13/14 audit no transfer deeds were available for the properties said to own and KPMG who did the audit says “we do not express an opinion on the financial statement.”

It is the considered opinion if the German investors are genuine and honest, they would never touch a bankrupt company which was probed by the C.I.D due to massive fraud. The regulatory authorities should have desisted the company long ago to safe guard new investors and at least they should now suspend temporarily.

Watch Dog

(group of investors/brokers)

PS. : According to Sunday Times of 25^th Sept. (yesterday) company had been informed on 21^st Sept. (Wednesday) by Central Bank that only monetary board can decide the sale of the company subject to some conditions and this vital information not released to the stock exchange as at morning of 26^th Sept. (Monday). Why? SEC must probe this to save innocent investors without any delay.

Share prices can go up and look attractive but is the business really attractive if it has so much of debt. CSF, TFC, etc were all companies that were supposed to be turned around from their failed former self. In the finance world, track record and brand value matter a lot for success. CSE history shows most failing companies aren't really resuscitated successfully, they are more often hyped about successfully but rarely deliver on the bottom line. So do your homework and see if it's real promise or just a real illusion of one.