The fate of NIFL .. CLC .. LOFC under LOCH ...!
With the most awaited listing of LOCH last Friday, many newly joined investors made inquiries on the fate of LOCH , including the “trio” of NIFL , CLC , LOFC .
Coming up Next would be,
- Transferring of NIFL shares to LOCH on (or before) 29th October 2021.
- Expected transferring of CLC shares to LOCH in mid-November 2021.
- Expected transferring of LOFC in December 2021.
Parallel to above,
- Listing of LOLC ASIA in Singapore stock market.
- Making of LOCH under LOLC ASIA.
- EDEN to go under LOLC ASIA. ( my assumption )
Icing the Cake,
- USD 181 Mn PRASAC funds and finalized CAMBODIA’s second transaction worth
USD 650 Mn (altogether USD 831 Mn) is to be transferred into LOCH.
- IPO of LOCH ? or LOLC ASIA? most probably in USD terms expected.
Coming back to the question? what would be the fate of,
As per the available information from the Market-Floor, 99% of the NIFL’s “free float” had been already bought and if any investor wants to buy 1000 shares of the counter, a high premium has to be paid in the coming 8 market days.
It is expected by experienced investors that the price of NIFL would be doubled just before the transfer date due to the illiquidity and high demand factors.
Moreover, reliable sources confirmed a possible Mandatory Offer in the evening of the transfer date, which in turn push the market price of the counter to my original prediction. [ XXXX @ 1.2 ]
With the hike in the price of NIFL in the next couple of weeks, many Brokers expect a “ Gold Rush “ in the CLC counter. CLC holds almost 50% of the NIFL counter. Also in the context of tiny free-float available in the Market ( barely 0.05 % ) price of the CLC is expected to jump up in multiples within a very short period of time, making a historical impact on the Market Capitalization.
Last Thursday and on Friday, many Brokers tried to fetch “Parcels” of the counter but end up in vain.
As per some reliable information, one particular Brokering firm tried all other firms for “ quantities “ but couldn’t collect the requirement.
Without calculating the prevailing demand for the counter, brokering firm CT , (making another blunder just as did on EDEN @ 12/= ) unloaded nearly 800,000 shares to the market last Thursday, making many hungry investors delighted especially a party known to me who collected some 500,000 of the bundle, in the price range of 31 – 33 . Further, last Friday became a happy Friday for a particular Brokering Firm as they managed to grab a parcel of 400,000 below 33/=, and that transaction was described as a “Jackpot win” by an expert Broker sighting the high demand expected in the next couple of weeks.
Many retailers suspect that the price of CLC should be half the price of NIFL which reflects the 50% holding in NIFL .
There is a high possibility of divesting 30% of the counter to a Foreign party, once the LOLC ASIA is listed in Singapore and LOCH is brought under that international umbrella.
Considering all facts, I reiterate my original TP for CLC. [ XXX @ 3.5 ]
LOFC is the most fundamentally strong share when comparing the above Trio. This counter will surprise the market in the future as much investor-friendly news is expected amid strong foreign participation.
A special comprehensive post will be done on this counter at a later date.