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Sri Lanka Equity Forum » Stock Market Talk » LOLC FINANCE PLC (LOFC.N0000)

LOLC FINANCE PLC (LOFC.N0000)

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241LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 03, 2019 6:20 pm

Teller


Moderator
Moderator
Hi sangeetha, my predictions affected with recent changes done by government , changes of these taxes will affect negatively to the sector. Simply an investor may think those are postives, but those are negatives in a medium run. So i can not justify the things now. Most of guys baight 3.50 to 3.90, so our members are in safe heaven. Honestly i can not expect like before after changes. Im in a selling side now and for me no buying signal of most shares. Let others to buy blinndly but me not.

242LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 03, 2019 6:46 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
LOFC , people who bought at high prices Do not Sell.
Share price will rise, this is not a crap to fall like that.
All these dips are due to the group restructuring which will be finalized sooner as they do have a limited time remaining.
This is another drama, Now some party desperate to buy cheap.
How can these new taxes effect badly to the finance industry ?
Teller, explain this without creating chaos among innocent investors.

243LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 03, 2019 8:03 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I can remember him saying 90% of the stocks are overvalued and that the index will fallto below 5,200 when the ASPI was at around 5,700 levels.
I think Teller missed the boat and sold too early and now wants return : )

244LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 03, 2019 9:47 pm

vikiperera


Senior Equity Analytic
Senior Equity Analytic
Teller recommended lofc even at Rs 4.10

245LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 03, 2019 10:21 pm

hammurabi


Manager - Equity Analytics
Manager - Equity Analytics
The price is being controlled. I had been watching this share everyday for last 6 months. whenever there is an uptrend and continuous buyings happen so much of quantity piles up at 4. REPEATEDLY. and when the price go back to 3.8 again bulk quantities being purchased. Whoever is doing this its very unethical. We should complain about this to SEC. Maybe a related party is collecting so much to benefit the company at  delisting offer

246LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 12:05 am

Teller

Teller
Moderator
Moderator
@vikiperera, i clearly told entry @3.50 , even im hold at such a level , my target was 6 prior to the monetary policy changes, now scenario is different and central bank, SEC guidelines, macro and micro factors are going to change. In such a scenario, my 4 possible scenarios will not work even works it takes unusual timing. I never advise any one to exit even at 4 , but i will remove my "GUARANTEED 6" due to recent policy changes. Expansion of a budge deficit has an inverse effect to any type of economy.


_________________




Teller said is said..

247LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 2:09 am

wealth123


Senior Equity Analytic
Senior Equity Analytic
Ha ha, Change the meaning of the word " Guaranteed ".
Teller became like a Fortune Teller here.

248LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 7:34 am

King of vice

King of vice
Senior Equity Analytic
Senior Equity Analytic
hammurabi has a good point here. He is absolutely correct. Whenever the share tries to pass the resistance barrier at Rs/4, huge quantities are offered at that price thus keeping it below 4. Some interested party is collecting around 3.80. Think it has some thing to do with the expected delisting.

249LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 9:16 am

wealth123


Senior Equity Analytic
Senior Equity Analytic
Now I'm in doubt over LOFC's last Qtr results, Only LOFC.N Impairments were very high when others are recovering. Even their sister company which does same business did well in that Qtr.
May be a plan to discourage investors.

250LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 9:35 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes.. on prudence principal they are able to increase provisions for bad debts (impairments). Financial institutions use this loophole for manipulations

251LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 1:02 pm

vikiperera


Senior Equity Analytic
Senior Equity Analytic
Lofc is value for money below Rs 4.

252LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 2:09 pm

Teller

Teller
Moderator
Moderator
vikiperera, i checked your IP and came to know about your role


_________________




Teller said is said..

253LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 2:14 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
Teller, Hiw can these tax revisions badly effect to Finance Companies, Pl teach us

254LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 3:11 pm

npgslnawa


Senior Equity Analytic
Senior Equity Analytic
Dear teller tel me about colo

255LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 04, 2019 8:53 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:@vikiperera, i clearly told entry @3.50 , even im hold at such a level , my target was 6 prior to the monetary policy changes, now scenario is different and central bank, SEC guidelines, macro and micro factors  are going to change. In such a scenario, my 4 possible scenarios will not work even works it takes unusual timing. I never advise any one to exit even at 4 , but i will remove my "GUARANTEED 6" due to recent policy changes.  Expansion of a budge deficit has an inverse effect to any type of economy.
What is the effect. Please explain

256LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 5:15 pm

vikiperera


Senior Equity Analytic
Senior Equity Analytic
@Teller wrote:vikiperera, i checked your IP and came to know about your role
ඔක්කොටම lofc ගන්ඩ කියලා මිනිහ යටින් ගත්ත ටික 4ට විකුණ ගත්තා. ෆෝරම් එකේ කෑ ගහ ගහ මේක මෙයා ප්‍රමෝට් කළේ.  දැන් මුකුත් දන්නේ නෑ වගේ ඉන්නවා අයියෝ teller

257LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 8:23 pm

Teller

Teller
Moderator
Moderator
Some times, im wondering you are living in sri lankan society or not . Even child knows that their was tax restructuring after new president was elected. So i change my LOFC TARGET BASED ON THAT. Otherwise i keep my target steady. No one can change Political,economical ,legal factors made by government . After these reversal 2/4 my scenarios will not work . Thats why i clearly told that i have a doubt on 6/-, i recommended 3.50 LKR as entry ,even 4 it will be well maintained.
For better understanding read 11 page article made by world bank cheaf about his concerns about tax cut. I understood this downturn at the time of ahnouncement of this tax cut.
Thats why i started the sell some of my shares. I believe my knowledge and my rights. There is no pump and dump here as you alleage.

258LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 8:28 pm

Teller

Teller
Moderator
Moderator
Teller understood his comcerns prior to any one. Thats why he sold most of his holdings. Your shares you decide,my shares i WILL. thats my RIGHT...

Sri Lanka’s economy could be destabilized if a fiscal stimulus in the form of a tax cuts turns out to be unsustainable, the World Bank Chief Economist for South Asia, Hans Timmer said.

“In Sri Lanka, going forward, there’s objectively a reason for fiscal stimulus but there’s not enough space to actually do it,” Timmer said, speaking at a public lecture organized by the Central Bank of Sri Lanka on the effects of slowing global growth in South Asia.

“Then you have to be very careful to balance that. Because if you over-stimulate when you don’t have the room, instead of stabilizing economy, you could destabilize the economy,” he said.


_________________




Teller said is said..

259LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 8:43 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
Ha ha..Good reasons.
I didn't bought base on your recommendation, So I'm holding.
2/4 scenarios will not work, will see.May be other 2 will work after collecting enough quantity

260LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 10:28 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
There is a "Happy" factor also in the economy after Elections, that cant be estimated by Economic measurements. People are happy with what is happening and that is more than they expected (very few minus points too), so they all positive in their work, which add upto the economic activity...Not just tax cuts...

261LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 10:34 pm

Teller

Teller
Moderator
Moderator
"Duka ho sathuta ho ethi wanne , siduwima matha nowa siduwima desa apa balana vidhiya anuwai..."

GL


_________________




Teller said is said..

262LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 06, 2019 10:07 am

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
At current market my valuation for LOFC is 2.5 RS max.

There are banks 2.5 times below NAV with paying dividents why we buy NAV close finance company with no divident???

263LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 06, 2019 3:35 pm

Teller

Teller
Moderator
Moderator
Guys, if you hold LofC , you can hold it , due to tax reversal my 2/4 wil not work. It means there is less chance to touch it 6/-, these type of tax changes is unplanned , also it will be negatively effect LOFC 2/4 scenarios.


_________________




Teller said is said..

264LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 06, 2019 3:59 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Ok Teller since you are all mighty genie we will sell

265LOLC FINANCE PLC (LOFC.N0000) - Page 13 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Sat Dec 07, 2019 8:17 am

King of vice

King of vice
Senior Equity Analytic
Senior Equity Analytic
What about that old rumor of "Delisting?" If they are going to delist, what's the price they have to pay the share holders? Can some pundit please enlighten us?

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