Softlogic Capital (SCAP) invest in its own parent company Softlogic Holdings (SHL)

DeepFreakingValue wrote:Loss making Softlogic Capital PLC (SCAP) invest in its own parent company Softlogic Holding PLC (SHL) in a bid to save the falling conglomerate.

- Softlogic Capital PLC (SCAP) invest over LKR 1.2bn in Commercial Paper of Softlogic Holdings PLC (SHL) as per the stock market disclosure.
- SHL group liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022 with over LKR 2bn losses from derivative investments.
- Share trading of SHL is currently suspended by the Colombo Stock Exchange (CSE) due to non submission of accounts.
- SHL owns more than 77% of the shareholdings of SCAP
- SCAP has Invested in SHL an amount in excess of 5% of its own equity value.
- SCAP reported a loss of LKR 545mn for the 6 months ended 30th Sept 2022 at company level.
- SCAP Earnings Per Share (EPS) for the 6 months ended 30th Sep 2022 is negative LKR 0.58 and Net Asset Value (NAV) is LKR 5.32

FINANCIAL POSITION OF SOFTLOGIC CAPITAL PLC




https://cdn.cse.lk/cmt/upload_report_file/1100_1668421625298.pdf

SHAREHOLDERS OF SOFTLOIC CAPITAL PLC


Stock Market Announcement


https://cdn.cse.lk/cmt/announcement_portal_prod/announcment%20-%20rpt_33475648639402.pdf

What is Wrong with SOFTLOGIC HOLDINGS PLC (SHL.N000)

- Softlogic Holdings PLC (SHL) stock market trading suspended by the CSE due to non submission of accounts.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022.
- Net Change in the Fair Value of derivative financial instruments exceeds LKR 2bn
- Import restrictions continue to affect retail segment of SHL.
- Total SHL Group Liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- Shareholders funds declined more than LKR 5bn within last 12 months from LKR 18bn to LKR 13bn.
- Net Asset Value per share of SHL is less thanLKR 12/= whilst share last traded at LKR 16/=
- Loss of Investor trust and confidence in the company due to non compliance of listing rules

https://www.srilankachronicle.com/t62836-what-is-wrong-with-softlogic-holdings-plc-shl-n000

May Day! alert from SOFTLOGIC FINANCE PLC (CRL.N0000) yet another  subsidiary of Softlogic Holdings

- CRL Retained Losses exceeds LKR 3.2bn with LKR 332mn loss in FY 2022
- Depositors liabilities exceeds LKR 17bn.
- Cash/Near Cash liquid assets of less than LKR 800mn.
- Decline of lease and loans receivables portfolio up to 10%
- Rights issue to raise LKR 850mn from existing shareholders in a depressed stock market conditions.
- Majority shares are held by Softlogic Capital PLC and Softlogic Holdings PLC.

https://www.srilankachronicle.com/t62781-may-day-alert-from-softlogic-finance-plc-crl-n0000

Beyondsenses wrote:සුවර් එකටම ලොස් making ? අද trade වෙන විදියට මේක බොරුවක් නේද ?

SAGA wrote:I think it will take the same path as LDEV.they turned the business in to profit and it shoot up from 5/= levels to now 35/=.