LOLC HOLDINGS PLC (LOLC.N0000)

Hope123 · **626** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 01, 2020 7:24 am

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You may be correct BAKKA. It looks MACD also giving positive signals. Can we expect Financial reports to come nearby?

Equityinvestor · **627** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 01, 2020 10:19 am

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Hope123 wrote:You may be correct BAKKA. It looks MACD also giving positive signals. Can we expect Financial reports to come nearby?

If i am correct, the PRASAC sale proceed will not be reflected in this report. And PRSAC's operational profits will also not be applicable to this Q right?

How will this affect LOLC performance for this upcoming report?

THASSIM · **628** Re: LOLC HOLDINGS PLC (LOLC.N0000) Thu Jul 02, 2020 11:45 pm

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LOLC is a Bomb waiting to explode with its Q4 Financials

I'm expecting LOLC will rise to above Rs 200 within a week of its Q4 financials being released.

Why do I say that?

PRASAC Disposal
USD	603,000,000.00
USDLKR	185
LKR	111,555,000,000.00
Shares in Issue	475,200,000
Disposal Rev Per Share (LKR)	234.75
PRASAC Cost (LKR)	53,095,000,000.00
Disposal Rev Per Share (LKR)	111.73

Gain per Share (LKR)	123.02
NAV as 31/12/2019 (LKR)	191.83
Expected EPS for Q4 (LKR)*	2.74
Expected NAV as at 31/03/2020 (LKR)	317.59

Loss of Profit due to PRASAC Disposal (USD)	17,500,000.00
Loss of Profit due to PRASAC Disposal (LKR)	(3,237,500,000.00)
Quarter Average EPS (LKR)	6.62
Expected Profit with PRASAC (LKR)	3,145,824,000.00
Investment Income from PRASAC Proceeds (1.25% for 3 months)	1,394,437,500.00
Quarter Earnings	1,302,761,506.62

Market Price as at 02 July 2020	122.00
P/B	0.64
Expected MPS after reports are published (Target Price)	201.98
Gain	65.56%

2. Captain is no fool to buy 7 million shares at Rs 120

http://www.ft.lk/front-page/Captain-picks-up-7-m-LOLC-shares-for-Rs-900-m/44-701998

Disclaimer : This is not Investment Advise and I own shares at LOLC

Promoney · **629** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Jul 03, 2020 12:10 am

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I think the PRASAC sale and gain would get reflected in June 2020 quarter, not Mar 2020 quarter, coz the final approval was received in April 2020.
What do you think?

THASSIM · **630** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Jul 03, 2020 6:34 am

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Well, good question.

LOLC entered into the Share Purchase Agreement early Jan 2020 and this was subject to the approval of the National Bank of Cambodia.

We aren't exactly sure the date NBC rendered approval. April's disclosure did not mention it either and it's a gray area.

However, since the agreement was done early Jan, regardless of when the approval from NBC was received, the sale is in enforcement from Jan and the reason I conclude, PRASACs disposal should be recognized in Q4. Even if the approval is required to constitute the Sale, it's likely the approval from the NBC came Pre April before LOLC received it's first payment tranche. I understand this is subjective as we aren't sure what constitutes to the completion of the sale and approval date. Time will say.

Forget about payment dates since it's not important variable. Even if payment is to be received in 10 years, the sale should be recognized.

thestock123 · **631** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Jul 03, 2020 9:14 am

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@Thassim
Good analysis
And LOLC will be bright in future .speculative people will buy this and will move at least 175 /= .

Bakka1988 · **632** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Jul 03, 2020 10:58 am

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It will Go down 110 level

THASSIM · **633** Re: LOLC HOLDINGS PLC (LOLC.N0000) Fri Jul 03, 2020 11:08 am

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Baseless analysis.

MarketResearch · **634** How LOLC works with Q4 Reports Sat Jul 04, 2020 6:26 pm

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There is huge potential for LOLC share and most investors are waiting for Q4 reports to be released soon. Do you think whether USD 432 MN proceeds will be reflected in Q4 reports and how to effect for LOLC share price? Anyway, I collected LOLC considerable amount of shares average price of Rs.113 after the opening of the COVID vacation. This is NOT a buy recommendation and seek your comments.

ChooBoy · **635** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 1:06 am

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Profit is not cash. LOLC overseas sale money will not come to Sri Lanka, only profits will be shown in LOLC books. Dont get carried away with LOLC which is a fake assets of which cash is lies in Singapore under a different company owned by the same directors.

Promoney · **636** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 1:44 am

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Both profits and cash generated from the PRASAC sale will be in the group and will be recorded in the consolidated accounts of LOLC Holdings PLC. Geographical location of subsidiaries does not matter, if you own a LOLC Holding PLC share, you own the profits and cash applicable to that share.

Further, you can't siphon out money from a listed company who's accounts are audited by reputed firms and monitored & regulated by the CSE and SEC.

If you are worried about them not paying dividends from that gain, yes, they may or may not.. thats a call you have to make on your investment decision. But no matter whether they keep the sales proceeds as cash, payout as dividends, invest in Sri Lanka or invest in another country, those assets are owned by the shareholders of LOLC Holdings PLC.

So its better to readup on corporate law, accounting standards and corporate structures before misleading new investors.

MarketResearch · **637** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 7:48 am

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Promoney wrote:Both profits and cash generated from the PRASAC sale will be in the group and will be recorded in the consolidated accounts of LOLC Holdings PLC. Geographical location of subsidiaries does not matter, if you own a LOLC Holding PLC share, you own the profits and cash applicable to that share.

Further, you can't siphon out money from a listed company who's accounts are audited by reputed firms and monitored & regulated by the CSE and SEC.

If you are worried about them not paying dividends from that gain, yes, they may or may not.. thats a call you have to make on your investment decision. But no matter whether they keep the sales proceeds as cash, payout as dividends, invest in Sri Lanka or invest in another country, those assets are owned by the shareholders of LOLC Holdings PLC.

So its better to readup on corporate law, accounting standards and corporate structures before misleading new investors.

Appreciated... Very Happy

ChooBoy · **638** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 9:45 am

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MarketResearch wrote:

Promoney wrote:Both profits and cash generated from the PRASAC sale will be in the group and will be recorded in the consolidated accounts of LOLC Holdings PLC. Geographical location of subsidiaries does not matter, if you own a LOLC Holding PLC share, you own the profits and cash applicable to that share.

Further, you can't siphon out money from a listed company who's accounts are audited by reputed firms and monitored & regulated by the CSE and SEC.

If you are worried about them not paying dividends from that gain, yes, they may or may not.. thats a call you have to make on your investment decision. But no matter whether they keep the sales proceeds as cash, payout as dividends, invest in Sri Lanka or invest in another country, those assets are owned by the shareholders of LOLC Holdings PLC.

So its better to readup on corporate law, accounting standards and corporate structures before misleading new investors.

Appreciated...

Hope you guys remember what happened to Blue Diamonds overseas investments many years ago.

deli · **639** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 10:19 am

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ChooBoy wrote:

MarketResearch wrote:

Promoney wrote:Both profits and cash generated from the PRASAC sale will be in the group and will be recorded in the consolidated accounts of LOLC Holdings PLC. Geographical location of subsidiaries does not matter, if you own a LOLC Holding PLC share, you own the profits and cash applicable to that share.

Further, you can't siphon out money from a listed company who's accounts are audited by reputed firms and monitored & regulated by the CSE and SEC.

If you are worried about them not paying dividends from that gain, yes, they may or may not.. thats a call you have to make on your investment decision. But no matter whether they keep the sales proceeds as cash, payout as dividends, invest in Sri Lanka or invest in another country, those assets are owned by the shareholders of LOLC Holdings PLC.

So its better to readup on corporate law, accounting standards and corporate structures before misleading new investors.

Appreciated...

Hope you guys remember what happened to Blue Diamonds overseas investments many years ago.

I remember the overseas transaction of blue diamond. I can assure you, if LOLC targets customers who regularly goto either HSBC or Standard Chartered-- rebrand or something to get there, they will definitely get big funds investing in them.

********-----------______________----------********
Life is a gamble. What is investments?

Promoney · **640** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 11:02 am

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If overseas investments are bad, shareholders of multinational like, Tesla, Apple, Microsoft are screwed. Substantial amount of their assets are overseas. LOLC has not only been able to make a huge capital gain from its assets overseas, they have been abke to benefit from the depreciation of the Rupee. The resultant increases in wealth goes to the shareholders of LOLC Holdings PLC, no matter which subsidiary, or the location of the subsidiary the wealth is parked.

Kipling · **641** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 12:10 pm

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Promoney.
I have read your comments on LOLC. I fully agree.
You are undoubtedly intelligent, rational & master of your brief. Above all you are wise & sincere. Most rare especially in SL context. I will PM. We can be of mutual benefit.

Promoney · **642** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 1:31 pm

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Thank you Kipling

MarketResearch · **643** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 3:16 pm

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Kipling wrote:Promoney.
I have read your comments on LOLC. I fully agree.
You are undoubtedly intelligent, rational & master of your brief. Above all you are wise & sincere. Most rare especially in SL context. I will PM. We can be of mutual benefit.

Agree with Kipling...

"Promoney"'s comments are very fair and professional.

Recently I observed several personal fights with each other rather than a professional approach.

We will try to take the forum into the correct track...

Kipling · **644** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 3:25 pm

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MarketResearch
Thank you. I need to clarify something regards some of my posts. I personally have zero hostility to Tamils, Muslims & Boras. However as a student of history I politically oppose their agenda to destroy our Sinhala Buddhist Civilization. Perhaps I can get my point across with less emotions. I believe GR will secure 151 & create a society that is not held hostage by narrow sectarian agendas.

Nicerider1978 · **645** Re: LOLC HOLDINGS PLC (LOLC.N0000) Sun Jul 05, 2020 3:28 pm

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http://www.sundaytimes.lk/200705/business-times/government-mulls-single-shareholder-limit-increase-in-banks-408136.html

Bakka1988 · **646** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 08, 2020 11:53 am

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Reports coming soon

MarketResearch · **647** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 08, 2020 12:16 pm

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Bakka1988 wrote:Reports coming soon

Great news! Why so late... Very Happy

Equityinvestor · **648** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 08, 2020 12:42 pm

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MarketResearch wrote:

Bakka1988 wrote:Reports coming soon

Great news! Why so late...

Sale to be recorded in the income statement?

sheildskye · **649** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 08, 2020 1:50 pm

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Promoney wrote:If overseas investments are bad, shareholders of multinational like, Tesla, Apple, Microsoft are screwed. Substantial amount of their assets are overseas. LOLC has not only been able to make a huge capital gain from its assets overseas, they have been abke to benefit from the depreciation of the Rupee. The resultant increases in wealth goes to the shareholders of LOLC Holdings PLC, no matter which subsidiary, or the location of the subsidiary the wealth is parked.

In business school, one innocent question posed by me was am I able to hop in Asiri hospital ambulance if I held their shares?
Very Happy

That was shot out by a rigid "NO".

Management has to be discreet about the company cashflows-- doesn't mean you can walk in get cash from cashier as shareholder of a publicly quoted company-- unless you are the founder/CEO/MD or executive director.

Bakka1988 · **650** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 08, 2020 5:02 pm

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LOLc some time will give the first devident in the history

Promoney · **651** Re: LOLC HOLDINGS PLC (LOLC.N0000) Wed Jul 08, 2020 5:07 pm

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Trading patterns show LOLC is being artificially kept low. Few buyers may be wanting to collect large quantities before reports/elections

Bakka1988 · **652** Re: LOLC HOLDINGS PLC (LOLC.N0000) Thu Jul 09, 2020 6:44 am

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Promoney wrote:Trading patterns show LOLC is being artificially kept low. Few buyers may be wanting to collect large quantities before reports/elections

Very correct

Promoney · **653** Re: LOLC HOLDINGS PLC (LOLC.N0000) Thu Jul 09, 2020 8:01 am

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Bakka1988 · **654** Re: LOLC HOLDINGS PLC (LOLC.N0000) Thu Jul 09, 2020 12:25 pm

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Waiting for run towards 200. Case per share deal is Rs 241 . Share price Rs 300 even possible

Promoney · **655** Re: LOLC HOLDINGS PLC (LOLC.N0000) Thu Jul 09, 2020 2:47 pm

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LOLC HOLDINGS PLC (LOLC.N0000)

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