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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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Go down  Message [Page 16 of 17]

Miss-Sangeetha


Moderator
Moderator
LOLC Holdings PLC today (12) announced that no finality has been reached to sell its stake in a unit in Cambodia.
In a stock exchange filing the company said; "upon certain parties indicating their interest in acquiring a stake in Prasac Micro Finance Institution Limited, Cambodia, LOLC  Holdings PLC has been in the process of exploring possibilities of a sale of whole or part of its holding in Prasac.  In any event, the sale of any shares in Prasac will require the prior approval of the National Bank of Cambodia."
However, no finality has been reached, with regard to the execution of any such transactions, the company said.
"An announcement will be made to the Exchange if it culminates in a conclusive transaction," the company added.
Source-Adaderana
LOLC FINANCE PLC (LOFC.N0000) - Page 16 Newspaper-Article-Published-on-12th-December-2019_2146920305022666

302LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 13, 2019 1:55 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Promoney wrote:LOFC has been moved to a second tier board, where they have to report non-compliance only on a quarterly basis and not monthly. So they have till the end of December to rectify or report.

Based on circumstantial evidence, I feel something has to happen this month, coz LOLC is the 3rd most respected conglomerate, and Ishara wouldn't want main companies to continue faltering and being moved to lower boards like this..

They are not in Watch list but 2nd Board.

303LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 13, 2019 2:05 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@Promoney wrote:LOFC has been moved to a second tier board, where they have to report non-compliance only on a quarterly basis and not monthly. So they have till the end of December to rectify or report.

Based on circumstantial evidence, I feel something has to happen this month, coz LOLC is the 3rd most respected conglomerate, and Ishara wouldn't want main companies to continue faltering and being moved to lower boards like this..

They are not in Watch list but 2nd Board. I think they can stay there any longer now.. No need of de-listing...

304LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 13, 2019 2:27 pm

hammurabi


Manager - Equity Analytics
Manager - Equity Analytics
If delisting they will have to pay atleast 2.5 times the NAV. Thats around 13 Rs

305LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 13, 2019 7:10 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@hammurabi wrote:If delisting they will have to pay atleast 2.5 times the NAV. Thats around 13 Rs

Are u sure ? Pls explain..If NAV is higher than market price, paying NAV should be enough, i think...

306LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Sat Dec 14, 2019 8:59 pm

vikiperera


Equity Analytic
Equity Analytic
Lofc will be fire instead of lolc

307LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Sat Dec 14, 2019 9:07 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
Any sudden change to fire LOFC ?
Can you please explain.

308LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 20, 2019 8:41 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
LOFC had been transfered to Watch List on Nov 7 2018, But now stays in the second Board. Can they transfer between Boards without a disclosure ? Also why they have not given minimum public holding notice after Oct 7 ? They have been disclsong tis every month.. What is the rule ??

309LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 20, 2019 9:31 pm

Teller

Teller
Moderator
Moderator
Its look like SEC is out of control now


_________________




Teller said is said..

310LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 2:20 pm

vikiperera


Equity Analytic
Equity Analytic
Lofc now in sri Lanka price index. Wow

311LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 2:59 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
LOFC.N is a Gem at current price, I was holding this for 6 Months now, close to 1 Mn shares @ a WA cost of 3.75.
2020 will be LOFC's year, wait & see the new developments in the company.
This will hit 5.50+ within few months.

Consider following scenarios for your valuations.

01. De-listing, Possibility 10.00% - After Govt change & considering the amount of Public Deposits they have this will not happen.

02. Banking License, Possibility 90.00% - Reason mentioned for selling Cambodian firm ( Prasac ) is " Prasac is too big to operate as a Finance Company " ( Balance sheet size - 300 Bn LKR ).
     Mr.Nanyakkara's opinion is Rs. 300 Bn+ is too high to operate as a Finance company, And remember LOFC.N was requesting a Banking license from Year 2014 & it was under discussion till 2015.
But after the change of regime they were unable to go ahead.
But now again they are in a hurry to get a Banking License & after merging ( NIFL.N ) few other FC's with LOFC.N ( May be troubled one's like BFN ). And also they will put be able inject cash to LOFC.N after selling prasac.
If they get the Banking License they will sell their stake at price above LKR.12.00.
( Remember recently they bought 2 Bn + rights in 02 occasions / again create huge profits to LOLC.N ).

03. Sell 25.00% + to public & get out from minimum public holding issue - 50.00% Possibility - As a company in S&P 20 list / 3rd Biggest conglomerate / Biggest Finance Company, they will not like to be in the Second Board of CSE.
selling price will be over Rs. 4.65 ( Recent Rights issue price )

After the change of Govt im more bullish on LOFC.N because of the 2nd reason , Obtaining a Banking license will be a super news for Share Holders if things go in right way.

If you guys have any other idea about these please share with all.

Cheers.

312LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 3:10 pm

Teller

Teller
Moderator
Moderator
Hahha, if you have any other idea, contact Teller too.😂😂Teller never puts his targets blindly. Good analysis with wealth123


_________________




Teller said is said..

313LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 3:28 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
@Teller wrote:Hahha, if you have any other idea, contact Teller too.😂😂Teller never puts his targets blindly. Good analysis with wealth123

Seems like again you are firm with your past target ( Rs.6.00 ) ?
Anyway now im expecting much more than Rs. 6.00 from LOFC.N. Laughing

314LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 3:40 pm

Teller

Teller
Moderator
Moderator
I didnt revise my target i revised the time line. Now its later than sooner.


_________________




Teller said is said..

315LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 4:05 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
@Teller wrote:I didnt revise my target  i revised the time line. Now its later than sooner.

Good Reply,

Anyway why dont you publish the other scenarios you have ?
for the betterment of the network here including myself. Laughing

316LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 7:43 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@wealth123 wrote:
@Teller wrote:I didnt revise my target  i revised the time line. Now its later than sooner.

Good Reply,

Anyway why dont you publish the other scenarios you have ?
for the betterment of the network here including myself. Laughing
Hi Teller, If they delay this long, market price may go up... Can they hold onto price without selling some shares at current prices ???

317LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 9:18 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Actually LOFC should be promoted as a private SME bank. They are experts with Micro loans and specially with Women..Infact they are doing a good service to the Country silently...

318LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 9:21 pm

wealth123


Senior Equity Analytic
Senior Equity Analytic
Yep, They will get a Bankin License very soon.
Wait and see.
This is Ishara's Govt.

319LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 10:06 pm

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Datz what u know, most of da companies in Micro credit lending in higher rates to da poor women in rural sector which put them in deep credit trap , ultimately they get suicide , its recorded that over 70 women committed suicide coz of being in credit trap, they do da same, sucking da blood of the poor. So da said development is jst a myth ..

320LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 10:32 pm

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
@kumarweerarathne wrote:Datz what u know,  most of da companies in Micro credit lending in higher rates to da poor women in rural sector  which put them in  deep credit trap , ultimately they get suicide , its recorded that over 70 women committed suicide coz of being in credit trap, they do da same, sucking da blood of the poor. So da said development is jst a myth ..In
Sorry friend...Infact the exact opposite happens. Banks Dont lend to these poor people because they cant afford valuable security and also their Overheads are high. But Micro Credit Institutions like LOFC is doing a great thing by building good relationships with Villagers and giving them Loans without security also at much better rates than "GINIPOLEE" mafia. I guess rates are good as 20%. But if they take from GINIPOLEE man, it is almost 100%. Many people suicide due to them not LOFC like ethical lenders. Infact many lives have been saved due to them.....

LOFC mtcro credit model is becoming an Internationally acclaimed. They are in many countries now.. Their strength seem to be giving loans to women groups who are usually less able to go out and obtain loans like men and also more trustworthy.. 

Lets appreciate LOLC group for the work,  though they dont pay dividends to us....

321LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 11:22 pm

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
As i see in the rural sector, women take loans for consumption not for any small scale enterprises etc , and these companies issue the loans without any security regarless of their development plans and just for their profitability. so its a disaster.. you go and ask the women these what change they have made by utilizing these loan schems.... and i bet u the rates are over 40% if any one lending below that in rural micro credit schems OMG 🙃 tell me also , even some companies issue at the rate of over 200 %.. its a pathetic situation here in SL.

322LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Tue Dec 24, 2019 11:26 pm

Sajeewa Niranjan


Equity Analytic
Equity Analytic
@Teller wrote:I didnt revise my target  i revised the time line. Now its later than sooner.
Do you recommend LOFC.. Neutral Neutral

323LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 25, 2019 6:37 am

wealth123


Senior Equity Analytic
Senior Equity Analytic
@Sajeewa Niranja
Tellers recommendation was there, he has changed his timeframe only.
But my personnel view is you must study the share well before investing.
Holding - LOFC.N

324LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Wed Dec 25, 2019 11:09 am

vikiperera


Equity Analytic
Equity Analytic
@wealth123 wrote:LOFC.N is a Gem at current price, I was holding this for 6 Months now, close to 1 Mn shares @ a WA cost of 3.75.
2020 will be LOFC's year, wait & see the new developments in the company.
This will hit 5.50+ within few months.

Consider following scenarios for your valuations.

01. De-listing, Possibility 10.00% - After Govt change & considering the amount of Public Deposits they have this will not happen.

02. Banking License, Possibility 90.00% - Reason mentioned for selling Cambodian firm ( Prasac ) is " Prasac is too big to operate as a Finance Company " ( Balance sheet size - 300 Bn LKR ).
     Mr.Nanyakkara's opinion is Rs. 300 Bn+ is too high to operate as a Finance company, And remember LOFC.N was requesting a Banking license from Year 2014 & it was under discussion till 2015.
But after the change of regime they were unable to go ahead.
But now again they are in a hurry to get a Banking License & after merging ( NIFL.N ) few other FC's with LOFC.N ( May be troubled one's like BFN ). And also they will put be able inject cash to LOFC.N after selling prasac.
If they get the Banking License they will sell their stake at price above LKR.12.00.
( Remember recently they bought 2 Bn + rights in 02 occasions / again create huge profits to LOLC.N ).

03. Sell 25.00% + to public & get out from minimum public holding issue - 50.00% Possibility - As a company in S&P 20 list / 3rd Biggest conglomerate / Biggest Finance Company, they will not like to be in the Second Board of CSE.
selling price will be over Rs. 4.65 ( Recent Rights issue price )

After the change of Govt im more bullish on LOFC.N because of the 2nd reason , Obtaining a Banking license will be a super news for Share Holders if things go in right way.

If you guys have any other idea about these please share with all.

Cheers.
මේ වන විටත් banking ලයිසන් එක ලැබී ඇති බවට විශ්වාස කටයුතු ආරංචි මාර්ග පවසයි සමහරවිට ලබන අවුරුද්දේ වැඩිම profit කරන කොටස  හැක

325LOLC FINANCE PLC (LOFC.N0000) - Page 16 Empty Re: LOLC FINANCE PLC (LOFC.N0000) on Fri Dec 27, 2019 9:59 am

wealth123


Senior Equity Analytic
Senior Equity Analytic
PRASAC Deal finalized, LOLC.N will get 350 Mn USD ( LKR 63 Bn ), Distribution of this cash will decide the growth of LOFC.N.
They will pump huge amount of capital to LOFC.N, this is the secret behind LOFC.N price controlling.
May be another Rights issue at Rs.4.65+, Amount may be 10 Bn +.
all these will happen before they convert this to a Bank.

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