A deal to take over the controlling stake of Sri lanka's oldest Finance company

mahasona2

mahasona2

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Again Rumours about BFN is circulating among

A run within few days

A take over by the Chinese Finance Giant

With the Rajapakasha Government back in power Loyalist are again talking to Chinese two Finance firmes for a deal to take over the controlling stake of Sri lanka's oldest Finance company

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kalu351

kalu351

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mahasona2 wrote:Again Rumours about BFN is circulating among

A run within few days

A take over by the Chinese Finance Giant

With the Rajapakasha Government back in power Loyalist are again talking to Chinese two Finance firmes for a deal to take over the controlling stake of Sri lanka's oldest Finance company

Check and Collect only on Cash

Can you please share some facts about this news

Teller

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As per latet right issue, and based on the market price, BFN only worthy below 9/-, i was repeating its cash flow issue from begining ,as expected they came with a right issue

mahasona2

mahasona2

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Teller wrote:As per latet right issue, and based on the market price, BFN only worthy below 9/-, i was repeating its cash flow issue from begining ,as expected they came with a right issue

Teller said is said.. not always right

lets see since the look though they go for right issue - Public ownership is mere 8% - so what they will get from public is less than even 8% as the rights ratio is 1 for 4 shares held

and the Right issue Price is 14-40

so what the point of the right issue ?

True they want capital more as per the regulation - and then now with the right issue and having more shares with them the owners JINS they will have to buy and they will have to inject more money

I think there is some other hidden plan is there
With the right issue yes NAV will go down from 17.25 to 15 around

But Number of shares held by JINS will increase it is already  increased with the private placement  happened converting preference shares

I think all these is a plan by the owners - they are very sharp business family - the shrafter family

With the Government deciding to not to issue any finance company license and with the port city coming in - the licence will have a value - we all know that there were attempt to sell this sri lanka's oldest finance company to a chinese bank  & the offer was lower than the JINS expected @ 22 -

May be with the number of shares piling up and owners having 92% ownership may be they are going to sell BFN to the same party at a lower price now

Heard previous government was supporting the JINS than the yahapalanaya government now that government is also back in power may be some thing is going to happen that we all dont know

Any way It will keep up to the Rights issue Price of 14-40 nearing to the rights issue and after that if a deal is going to happen it will be around 20

Shafter family is mush more smarter than Telle and me

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A deal to take over the controlling stake of Sri lanka's oldest Finance company

1 A deal to take over the controlling stake of Sri lanka's oldest Finance company Fri Dec 20, 2019 9:05 pm

mahasona2

2 Re: A deal to take over the controlling stake of Sri lanka's oldest Finance company Fri Dec 20, 2019 9:20 pm

kalu351

3 Re: A deal to take over the controlling stake of Sri lanka's oldest Finance company Fri Dec 20, 2019 9:22 pm

Teller

4 Rights issue Price of 14-40 nearing to the rights issue and after that if a deal is going to happen it will be around 20 Sat Dec 21, 2019 1:53 am

mahasona2

5 Re: A deal to take over the controlling stake of Sri lanka's oldest Finance company

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