LOLC HOLDINGS PLC (LOLC.N0000)

wisdom79 · **526** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri 27 Dec 2019 - 12:27

wisdom79

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See the CSE web site, everything is going to be ok. Soon we can see the approval of the bank.

Good news. LOLC will pass 175 tomorrow.

LOLC trade will be ok above 180/- . After that they will give an offer to acquire remaining shares.
Good deal, good news.

wealth123 · **527** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri 27 Dec 2019 - 12:36

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wisdom79 wrote:See the CSE web site, everything is going to be ok. Soon we can see the approval of the bank.

Good news. LOLC will pass 175 tomorrow.

LOLC trade will be ok above 180/- . After that they will give an offer to acquire remaining shares.
Good deal, good news.

What do you think about LOFC ?

sameboy · **528** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri 27 Dec 2019 - 17:30

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Aduwenna gatta neda passe LOLC ada??

Winner123 · **529** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri 27 Dec 2019 - 17:49

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Later recovered...

Winner123 · **530** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri 27 Dec 2019 - 17:50

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@wisdom79 tommorow holiday

wisdom79 · **531** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 5:42

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Wisdom said, "LOLC will move above 175 tomorrow."

Wisdom said that LOLC would move above 175 the next day.

603.4m$ huge amount of money.

There are 475m shares on LOLC.

If calculate, share price must be above 600/- .......... I do not know what will happen.

LOLC is still undervalued stock. EPS 31/- no dividends but I got a news from a friend of mine, that CAMBODIA bank will not announce any news if news is not going to be ok, they will never discuss such a think.

So it must be ok. Soon they will inform that deal is ok.

Good luck!!!!!

wisdom79 · **532** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 5:54

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The bank’s board approved a plan to acquire a 70 percent stake in Prasac Microfinance, Cambodia's largest microfinance deposit-taking institution (MDI), at a meeting on Dec. 26. After the acquisition, the Korean lender will become the largest shareholder of Prasac Microfinance. It plans to take over the remaining 30 percent stake after two years.

kalu351 · **533** LOLC HOLD 64% OF CLC - WATCH CLC Sat 28 Dec 2019 - 9:28

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LOLC HOLDS 64% OF CLC

WATCH CLC IN COMING DAYS NOW TRADING AT 3-40

wisdom79 · **534** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 10:08

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[size=48]Korean bank to buy control of LOLC’s Cambodian microfinance arm for $ 603.4 m

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[size]

Comments / 283 Views / Saturday, 28 December 2019 00:04

TwitterFacebookWhatsApp[/size]

Korea Herald reports KB Kookmin as saying will close the deal within 3 months, after due diligence and approval from financial authorities in Korea and Cambodia
No full disclosure yet for Rs. 108.5 b impending deal by LOLC but share price soars
No. 1 microfinance deposit-taking institution in Cambodia offers ROE and ROA of 28.40% and 3.64%, respectively
Generated Rs. 13.7 b profit in FY19
Has portfolio of $ 2.2 billion, deposit base of $ 1.5 billion and makes significant PBT contribution to LOLC Group’s bottom line

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A Korean bank is to buy LOLC’s Cambodian microfinance arm for a staggering $ 603.4 million or Rs. 108.5 billion, subject to regulatory approval.

The Korean firm is KB Kookmin Bank, which said its Board has agreed to buy 70% stake in Cambodia’s PRASAC Microfinance Institution for $ 603.4 million from LOLC.

PRASAC Microfinance is the No. 1 microfinance deposit-taking institution, taking up over 40% of market share in Cambodia with 177 branches.

A report in Korea Herald stated that KB Kookmin will close the deal within three months, after due diligence and approval from financial authorities in Korea and Cambodia.

The deal is expected to allow KB Kookmin to consolidate its consumer banking network in the Southeast Asian nation. Operating six bank branches, KB Kookmin earned preapproval in Cambodia for the acquisition in May. KB Kookmin said it plans to buy the remaining 30% stake in the institution at least two years after the transaction.

PRASAC Microfinance logged a KRW 91.5 billion ($78.7 million) net profit in 2018, up 36.7% on-year, according to KB Financial Group’s regulatory filing.

Investors, apparently seeing new found value and demand, yesterday pushed LOLC shares to third highest gainer, percentage wise.

LOLC closed at Rs. 145.70, up by Rs. 16.70 (or 13%) whilst it hit an intra-day high of Rs. 148.90. Little over a one million shares changed hands via 1,217 trades for Rs. 149.3 million with bulk of the selling coming from foreign investors. For the week, LOLC gained by Rs. 19 or 15%.

Despite media reports of impending sale as revealed by LOLC Deputy Chairman Ishara Nanayakkara in a Bloomberg interview, LOLC has been less revealing officially.

Following the publication of Bloomberg article in FT, in a filing to the CSE on 12 December, LOLC said upon certain parties indicating their interest in acquiring a stake in PRASAC Microfinance, Cambodia, LOLC has been in the process of exploring possibilities of a sale of whole or part of its holding. In any event, the sale will require prior approval of National Bank of Cambodia.

LOLC Group MD and CEO Kapila Jayawardena said no finality has been reached with regard to the execution of any such transaction. “An announcement will be made to the Exchange if it culminates in a conclusive transaction,” he added. A similar stance was maintained in a fresh disclosure yesterday.

The report in Korea Herald was published on Thursday (26 December).

The Cambodian operations are part of LOLC’s strategic and profitable diversification in the Southeast Asian region.

The regional expansion of the Group has delivered extremely strong results in diversifying and balancing the exposure LOLC has in the local market. To this effect, 85% of LOLC pre-tax profit is currently derived from investments in Cambodia, Myanmar, Pakistan, Indonesia and Philippines.

This growth momentum is evident from the LOLC Group’s maiden overseas investment in PRASAC, which has grown to become the largest microfinance institution in the dollarised Cambodian economy. With an ROE and ROA of 28.40% and 3.64%, respectively, a portfolio of $ 2.2 billion, a deposit base of $ 1.5 billion, and a significant profit before tax contribution to the Group’s bottom line, PRASAC offers substantial return on investment in dollar terms through the Group’s 70% holding in the Company. It has a customer base of over 400,000.

Although a relatively new entrant to the Cambodian MFI performers, LOLC Cambodia (LOCAM) has now positioned itself as the most profitable MFI in Cambodia with an ROE of 27.90%, ROA of 4.10%, the fourth largest portfolio and deposit base of $ 564 million and $ 286 million, respectively.

In less than five years since LOLC’s investment, LOCAM has risen up the ladder in the Cambodia microfinance landscape to be the third most profitable MFI in the country.

PRASAC Microfinance Institution in Cambodia and LOLC Cambodia, stands out as the two largest foreign investments made by LOLC and contributes together 40% to the Group’s top line. PRASAC generated a profit of Rs. 13.7 billion in FY19 while LOLC Cambodia recorded a profit Rs. 3.8 billion.

LOLC also has presence in Myanmar – LOLC Myanmar Microfinance Company Ltd., a Greenfield operation, has grown to be counted as the third-largest among 176 microfinance institutions in the country, with an asset base of $ 52.4 million, portfolio of $ 39.5 million and PBT of $ 2 million within five years of commencing operations in Myanmar.

The Company has now gained attention from prominent global investors due to its unique business model reflected through the quality portfolio and the growth potential in store with the liberalisation of the Myanmar market.

Extending its microfinance expertise, LOLC also has operations in Indonesia and the Philippines.

LOLC’s foreign investments in financial services sector account for Rs. 593 billion as total assets in the books of LOLC and have contributed a Profit After Tax of Rs. 17.9 billion to the Group for the year ended 31 March 2019. The lending portfolio of the foreign businesses amounts to Rs. 497 billion with a deposit base of Rs. 311 billion.

LOLC in its FY19 Annual Report stated that it was a matter of pride that the Group’s overseas expansion has been undertaken purely on the strength of the financial services excellence and knowhow coupled with IT expertise which it exports to its overseas operations.
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wisdom79 · **535** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 10:11

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After reading on LOLC, it has a great value than we expect. I do not know the price of the share but it must move up with these profit making investments.

Good luck.
Short time it will move above 200 soon.

It will move up more higher than we hope in future.

wisdom79 · **536** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 10:14

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You are correct. LOLC, LOFC, CLC all must move up.

If this deal happens, whole amount comes under LOLC. AS a group all together must move up.

Let's see the game!!!!

wisdom79 · **537** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 10:23

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[size=30]KB Kookmin Bank to acquire Cambodian lender for $603.4m
By Son Ji-hyoung
[/size]

Published : Dec 26, 2019 - 18:08
Updated : Dec 26, 2019 - 18:08

South Korea’s commercial lender KB Kookmin Bank said Thursday its board has agreed to acquire a 70 percent stake in Cambodia’s lender Prasac Microfinance Institution for $603.4 million from Sri Lanka-based nonbanking lender LOLC Holdings.

Prasac Microfinance is the No. 1 microfinance deposit-taking institution, taking up over 40 percent of market share in Cambodia with 177 branches.

LOLC - LOLC HOLDINGS PLC (LOLC.N0000) - Page 22 20191226000606_0

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KB Kookmin will close the deal within three months, after a due diligence and approval from financial authorities in Korea and Cambodia.

The deal is expected to allow KB Kookmin to consolidate its consumer banking network in the Southeast Asian nation. Operating six bank branches, KB Kookmin earned preapproval in Cambodia for the acquisition in May.

KB Kookmin said it plans to buy the remaining 30 percent stake in the institution at least two years after the transaction.

Prasac Microfinance logged a 91.5 billion won ($78.7 million) net profit in 2018, up 36.7 percent on-year, according to KB Financial Group’s regulatory filing.[/size]

wisdom79 · **538** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sat 28 Dec 2019 - 10:27

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Everything is going to be ok. If you buy LOLC, hold it until the deal finishes. A huge amount of money and naturally share price must move up.

I think this will be a great chance to win your loss games.

Next week, we can see its reality.....!!!!

This will really benefit only LOLC not LOFC.........!!!!

Good luck!!!!

wisdom79

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Dollar million 603.400 is a huge amount of money is coming into LOLC.

That means share price move up more and more.

Deal is sure to happen.

With a few days you will see the confirmation note.

Highest price is 1600/-

So we can hope a good profit from LOLC.

Good luck!!!!!

engineer · **540** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun 29 Dec 2019 - 18:07

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Anyone has an idea why the share dropped from 1600 to 115 within one month back in 2010

KavinduTM · **541** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun 29 Dec 2019 - 18:12

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sub division i guess

at least 1:10 Shocked

Gajaya · **542** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 8:53

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engineer wrote:Anyone has an idea why the share dropped from 1600 to 115 within one month back in 2010

Damn

Invest2018 · **543** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 9:01

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They are getting USD 600 mn vs investment of USD 150 mn in PRAASAC. Diluting 70% stake of LOLC.
This is a massive deal. Very good price. 8 times of annual profit of PRAASAC.

Beta1 · **544** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 9:06

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Gajaya wrote:

engineer wrote:Anyone has an idea why the share dropped from 1600 to 115 within one month back in 2010

Damn

share split 1 to 10

Invest2018 · **545** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 9:15

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108 billion rupees means LOLC will get nearly Rs 225 per share in cash. How about that

wisdom79 · **546** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 10:45

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I bought at 120 and now sold with a profit!!!!!

Eugine Fernando · **547** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 10:59

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wisdom79 wrote:I bought at 120 and now sold with a profit!!!!!

Why didn't you wait till it goes to 200/= as you said in your earlier post? GL

Intrinsicvalue · **548** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 11:36

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seems LOLC is gonna fly to 300 to 600 levels..
at the moment huge buying pressure and no one is selling.. all cleared Very Happy

wisdom79 · **549** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 12:08

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I sold because I had a good profit.

Invest2018 · **550** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 12:13

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250 is for sure. Best case may be 300

Invest2018 · **551** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 12:13

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250 is for sure. Best case may be 300

Intrinsicvalue · **552** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 12:22

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actually according to my calculations using EPS and growth rate LOLC share is worth around Rs. 312
Anyway after the deal with Cambodian company LOLC will receive a huge profit and a huge cash inflow. This would result in further increase of EPS. Therefore share value must pass Rs. 300 benchmark sooner and possibly even further after the deal.

wisdom79 · **553** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 15:03

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Tomorrow it will pass above 200?

Theory of the market is,if there i a profit, put it into your pocket and buy back!!!!

Normally ashare will not continue moving up for 3 days.

So we have to see tomorrow.

Winner123 · **554** Re: LOLC HOLDINGS PLC (LOLC.N0000) Mon 30 Dec 2019 - 17:30

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200 up for sure

kalu351 · **555** LOLC MAY COME DOWN AS MATHEWS FUND LOOKING TO SELL Thu 2 Jan 2020 - 7:54

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මැතිව්ස් ෆන්ඩ් එක මිලඉයන 18 විකුණන්න හොයන නිසා - නියම විදිහට මිල ඉහල යාමක් වෙන එකක් නැ - එ කට්ටියගේ මිලයන 18 ම විකිණෙන කම් මන් හිතන්නේ හිතපු මිල ඉහල යාම් වෙන එකක් නැ වගේ - පරිස්ස්ම කොහොමත් හොදයි

Since Mathews fund is looking to sell 18 Million LOLC may come down fast

Be careful now

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LOLC HOLDINGS PLC (LOLC.N0000)

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