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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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261LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 05, 2019 10:34 pm

Teller


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

GL

262LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 06, 2019 10:07 am

ThilinaM


Assistant Vice President - Equity Analytics
Assistant 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 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 06, 2019 3:35 pm

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.

264LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 06, 2019 3:59 pm

Promoney


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

265LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Sat Dec 07, 2019 8:17 am

King of vice


Equity Analytic
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?

266LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Sun Dec 08, 2019 10:09 pm

KavinduTM

KavinduTM
Manager - Equity Analytics
Manager - Equity Analytics
@vikiperera Dude you sounds like a shit. Respect people who deserves it. If u can't , just stfu

267LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 1:36 am

Teller

Teller
Moderator
Moderator
Gents , listen carefully . Basically i dont revise my target except latest financial reports. But in this scenario is totally different. Due to government tax policy changes ,my LOFC 2/4 scenario may not work. In such a case we cant expect sudden 6/_, , my changes based on new tax restructuring. It doesnt mean whole changes are bad some good points are there. But due to tax factor Lofc will dull. It doesnt mean it doesnt worth . Of course its worthy but has to hold longer for a better gain . I think you understand. GL

268LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 7:06 am

King of vice

King of vice
Equity Analytic
Equity Analytic
Your explanation is quite convincing Teller. You had no way of knowing the new government's policy changes. Do you by the way, know anything about that "delist" talk? Are they gonna proceed with that and if so, what price they have to pay the share holders?

269LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 12:56 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:Gents , listen carefully . Basically i dont revise my target except latest financial reports. But in this scenario is totally different. Due to government tax policy changes ,my LOFC 2/4 scenario may not work. In such a case we cant expect sudden 6/_, , my changes based on new tax restructuring. It doesnt mean whole changes are bad some good points are there. But due to tax factor Lofc will dull. It doesnt mean it doesnt worth . Of course its worthy but has to hold longer for a better gain . I think you understand. GL

Most of the time your predictions are right and has a good argument for it. But I am at a loss to understand how Bank / Finance get adversely affected when their taxes (DRL) are cut down, more economic activity and resultant more loans from Banks / Finance, Less Bad debts due to better income etc...PLS CLARIFY....

270LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 2:03 pm

Teller

Teller
Moderator
Moderator
Due to this tax reducution my 2/4 of LoFC scenarios will not work. Thats the reason.


_________________




Teller said is said..

271LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 2:34 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
At Teller, What about the other 2 scenarios ?

272LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 2:35 pm

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@Teller wrote:Due to this tax reducution my 2/4 of LoFC scenarios will not work. Thats the reason.
Please explain further and show the calculation. 

273LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 2:39 pm

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
@wealth123 wrote:At Teller, What about the other 2 scenarios ?


other scenario is  Rain .... Very Happy

274LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 3:49 pm

Teller

Teller
Moderator
Moderator
Hahahhaa, have any one watched the "KHUUBIYO" කූබියෝ , Teledrama, if not i advise you to watch..thats in Youtube. There is a relationship LOFC and Khuubiyo😂😂😂😂😂


_________________




Teller said is said..

275LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Mon Dec 09, 2019 10:46 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:Hahahhaa, have any one watched the "KHUUBIYO" කූබියෝ , Teledrama, if not i advise you to watch..thats in Youtube. There is a relationship LOFC and Khuubiyo😂😂😂😂😂


yes I can see it now...

if you say TAx reduction is effect to LOFC. actually its not only Effect to LOFC it should be effect to CSE...

Tax reduction is not a big issue...

The government will get money from small people...

then no need to worry about Government Financial situations..

276LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:02 am

vikiperera


Equity Analytic
Equity Analytic
Lofc may fire soon

277LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:11 am

Teller

Teller
Moderator
Moderator
It will not go up now , as i predicted , there will not be delisting now. There was a plan to sell high quantity to singapore unit so it will not happen now. So its 100% 2 scenarios out of scene now. We have only 2 scenarios left but it will take medium to long for a price hike. now LOFC will completely exit from singapore market and turn again SL market due to some favourable tax scenarios. Thats why i cleary guessed how Lofc will react after tax changes.


_________________




Teller said is said..

278LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:14 am

Teller

Teller
Moderator
Moderator
We wil look for 2 scenarios next , refer below article as per a supporting. Dont worry LOFC has a value but it will reflect a long time to share price.

Sri Lanka’s LOLC group plans to exit one of two micro-lenders in Cambodia to fund new acquisitions elsewhere and may also sell a stake in a Singapore holding company, a media report said.

LOLC plans to sell its 70 percent stake in Prasac Microfinance Institution Ltd, Bloomberg Newswires reported.

“It is very large as a micro finance institution. I think Prasac needs to move to a bank,” the report quoted Deputy Chairman Ishara Nanayakkara as saying.

PRASAC is Cambodia’s largest micro-lender with a 2.2 billion dollar balance sheet by the end of the last financial year.

The largely dollarized Cambodian economy, where the central bank has been mostly edged out, has driven LOLCs growth.

LOLC also owns a second firm, LOLC Cambodia, which is the fourth largest in the country with over 500 million dollars in assets, at the last balance sheet date. However it operates in domestic currency according to the annual report.

Cambodia’s riel has also been stable around 4,000 to the US dollar for almost 20 years, after falling from 400 to 4000 in the 10 year to 2000 and promoting dollarization.

Without the monetary instability that hit many other Asian nations in 2019, Cambodia’s economy is forecast to grow by 7.0 percent in 2019 and 6.8 percent in 2020, according to International Monetary Fund projection.

Cambodia is one of few developing countries whose growth was upgraded by the IMF in October.

At LOLC’s home base in Sri Lanka, bad loans have risen across the banking system, hit by monetary instability generated by a soft-pegged central bank.

Bad loans have risen in Sri Lanka as the currency collapsed to 182 to the US dollar from 153 in 2018, due to contradictory monetary and exchange rate policies.

LOLC is also building a holding company in Singapore, another country with monetary instability and a strong currency and free flow of capital. The firm controlled by Sri Lanka will hold many of its overseas units.

LOLC may also sell a stake in the Singapore holding company to a strategic investor later to raise more capital probably around 2021, Nanakkara had said.

LOLC already has operations in Myanmar, Indonesia, Philippines and Pakistan. It plans to expand into Africa, Brazil and India, where however monetary stability is weak. (Colombo/Dec11/2019)

279LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:29 am

wealth123


Senior Equity Analytic
Senior Equity Analytic
What will happen if all these overseas Finance companies become under LOFC.N ?
LOLC & LOFC become 2 separate conglomerates.😀😀😀😀😀

280LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:35 am

Teller

Teller
Moderator
Moderator
Nanayakkara will never do it , there is a strong reason for that. Only experience person can see that. See i predicted 2/4 scenarios before Nanayakkara. 😂😂😂. He exactly did the right which i expected


_________________




Teller said is said..

281LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:41 am

wealth123


Senior Equity Analytic
Senior Equity Analytic
Lol,,see my previous msges and understand who am I.

282LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 11:44 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
LOFC is still under watch list for non-compliance of 'minimum public holding'.
How are they addressing that issue?

283LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 12:52 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
LOFC already sold big stake to Singapore Firm. Also their rights (at 4.65) also cud have bought by them..Cambodia deal do not affect LOFC ?

284LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 12:55 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
LOFC will pass 6.50 in due course, Peope who already bought do not sell.
Personal view.

285LOLC FINANCE PLC (LOFC.N0000) - Page 14 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Thu Dec 12, 2019 1:20 pm

Promoney


Manager - Equity Analytics
Manager - Equity Analytics
The sale of the Cambodian venture has been on the cards for months now, together with the delisting of the 3 subsidiaries. Majority of LOFC stake has already been tranferred to Singapore few months back. If they are going to look for a strategic investor for part of this stake, it makes sense to delist LOFC in Sri Lanka and have 100% ownership within the group.
Part of the proceeds from the sale of the Cambodian venture may be used to delist LOFC, CLC and NIFL.

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