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LOFC to emerge as the Flagship Finance Company of LOLC Holdings

2 posters

Go down  Message [Page 1 of 1]

samaritan


Moderator
Moderator

The stock market was positive throughout, driven by LOLC Group counters and other such blue-chip counters. One reason for the market to move up was the Central Bank decision to grant permission for Commercial Leasing and Finance and Sinhaputhra Finance to merge according to a consolidation plan. Under this proposed merger, Sinhaputhra Finance shareholders having 10000 shares of the company, will obtain 7803 shares in Commercial Leasing and Finance.


Further, LOLC Holdings has rolled out a major business consolidation master plan where they strengthen the financial sector entities. Under this plan one of its subsidiaries, LOLC Finance, will merge with Commercial Leasing and Finance. With this merger Commercial Leasing and Finance will exit the business, analysts said.


https://island.lk/aspi-hits-record-high-for-fourth-consecutive-day/

RAVI1980 likes this post

Swissinvest


Manager - Equity Analytics
Manager - Equity Analytics

LOFC will have a similar run to LOLC once LOCH and LOLC Asia listings take place and foreign investment is attracted.
LOFC will transform from trading stock to a growth stock in the near future.

roshan1039, samaritan, Rational Investor and RAVI1980 like this post

Swissinvest


Manager - Equity Analytics
Manager - Equity Analytics

A VERY HEALTHY CONSOLIDATION OF LOFC AT CURRENT LEVELS.
RSI HAS NOW REDUCED AGAIN TO BUY LEVELS FROM OVERBOUGHT LEVELS.
FIRST TIME OF A CROSSING IN THE RECENT PAST.
ALL SIGNS LOOK PROMISING AND THE FUTURE LOOKS GREAT.

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