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AFSL update...

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AFSL update...

Post by Teller on Tue Sep 06, 2016 1:26 pm

Company has announced ,private placement shares have been locked for 3 years.
So AFSL can lead to sky high with new imvestors

See the company statement


http://www.cse.lk/cmt/uploadAnnounceFiles/4941473071363_1069.pdf
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Re: AFSL update...

Post by Gallardo on Tue Sep 06, 2016 2:01 pm

How soon do you feel it can start moving?

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Re: AFSL update...

Post by Pac-man on Tue Sep 06, 2016 4:29 pm

yanawa badu
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Re: AFSL update...

Post by Insight on Tue Sep 06, 2016 6:03 pm

Teller,

How can the share price go up with a private placement??
Coz, PP comes with a price of Rs.25/-
Pl.explain
Thanks alot

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Re: AFSL update...

Post by Teller on Tue Sep 06, 2016 8:20 pm

Yes , this is happening because of this private placement has one condition.
The investors who participated this private placement can't sell any single share till 2019 March.
So there will not be any selling pressure during next 3 years from private placement.
It means very few public holding at the market so easy to go up the prices above 60/- levels.
On the other hand AFSL got lot of free cash for lending to customers but no need to pay any interests for the investor.
So definitely AFSL share prices will be upward no doubt on it
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Re: AFSL update...

Post by Insight on Wed Sep 07, 2016 7:20 am

Thanks Teller...

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Re: AFSL update...

Post by Teller on Fri Sep 23, 2016 2:49 am

Most of the finance companies Started to Run.  AFSl this quarter will be a good one as they received huge money from private placement . 
Private placement shares have been blocked for 3 years. So very few shares in the market . Now GSF,SFL,BLI  have started to run . Next AFSL should be updated above 55 levels at. Least.
Company is doing really well and loan and advances became double with in a year.
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Re: AFSL update...

Post by Gallardo on Sat Sep 24, 2016 1:16 am

The private placement lock in is great and reduces liquidity for 3 years, the Rs. 25 per share they paid is even better.  

In March the NAV was 16.61, by June it had increased to 18.79.  Yes NAV could have grown more by September anyway but the bigger boost is from the Rs.25 they got for each new private placement share.  

Even without doing the numbers here now, the next big pluses are the benefits of vehicle permits for more loans.  And last but not least, the human asset value of Ironwood Capital who took the private placement.  Read up on their team and see the familiar faces, their track records and huge corporate turnaround operations.  When an incredibly successful team, wants to sail on a particular ship, they are here to pick a bright one full of potential to further enhance.  See their work at Hemas, Actis/Asiri, Ceylon Oxygen, etc for a better idea of the value they've unlocked.

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Re: AFSL update...

Post by Gallardo on Mon Sep 26, 2016 10:53 am

I maintain that anyone collecting should target the lowest price possible.  The price Ironwood collected at or anything even close by (Rs. 10 or so higher) might be difficult as there are very few shares on the market.  Ironwood aren't here to make only 5 or 10 % so the prospects must be really good for them to get in.  Also my reference about their work at Hemas, Actis/Asiri, Ceylon Oxygen, etc is about the activities Ironwood directors have played a critical part in.

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Re: AFSL update...

Post by onenine87 on Tue Sep 27, 2016 2:14 pm

@Gallardo wrote:I maintain that anyone collecting should target the lowest price possible.  The price Ironwood collected at or anything even close by (Rs. 10 or so higher) might be difficult as there are very few shares on the market.  Ironwood aren't here to make only 5 or 10 % so the prospects must be really good for them to get in.  Also my reference about their work at Hemas, Actis/Asiri, Ceylon Oxygen, etc is about the activities Ironwood directors have played a critical part in.
 

There is another right issue in the pipeline at Rs.25

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Re: AFSL update...

Post by Teller on Wed Sep 28, 2016 9:25 am

If another right issue is there 25/_, before that AFSL will touch 60 levels because exiting share holders will get the benifit for rights.
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Re: AFSL update...

Post by onenine87 on Wed Sep 28, 2016 10:50 am

@Teller wrote:If another right issue is there 25/_, before that AFSL will touch 60 levels because exiting share holders will get the benifit for rights.  
 Hi Teller

Can you explain it further...??? Thanks

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Re: AFSL update...

Post by Gallardo on Wed Sep 28, 2016 11:07 am

Considering that the last rights issue only concluded in April and was successfully oversubscribed, how likely is another on and exactly how soon do you expect?  2 years? 3/4?  This April's right issue might have been the first time since listing. 

Also,  before Ironwood invested through a private placement, they would get a concrete agreement on future rights issue timelines.  Otherwise they risk diluting their shareholding after investing so much if they fail to subscribe.

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Re: AFSL update...

Post by nimantha80 on Wed Sep 28, 2016 1:31 pm

AFSL is a dirty game.It's kept down to collect.Will reach 50 easily all micro finance companies moving why not AFSL

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Re: AFSL update...

Post by onenine87 on Wed Sep 28, 2016 2:31 pm

@Gallardo wrote:Considering that the last rights issue only concluded in April and was successfully oversubscribed, how likely is another on and exactly how soon do you expect?  2 years? 3/4?  This April's right issue might have been the first time since listing. 

Also,  before Ironwood invested through a private placement, they would get a concrete agreement on future rights issue timelines.  Otherwise they risk diluting their shareholding after investing so much if they fail to subscribe.

Wait and see..within this year next right issue will be finalized after the private placement. I wanted to know how it affect to current market price. 

Dear Teller...
could you explan

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Re: AFSL update...

Post by Teller on Wed Sep 28, 2016 2:56 pm

I don't think any right issue with in 3 years.
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Re: AFSL update...

Post by point on Mon Oct 03, 2016 7:47 pm

An interesting share to study. Very small quantity outside.Good performances. Why no movement yet ????  Need a real movement
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Re: AFSL update...

Post by Teller on Mon Oct 03, 2016 9:03 pm

Slowly Collection is going on. It will post very good financial report for the last quarter . We will see sudden blast at any time in coming days.
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Re: AFSL update...

Post by Wimal Modawansa on Fri Mar 17, 2017 7:14 pm

It is reported that AFSL is in deep trouble and the profit for February is only Rs 100,000 and the major share holder Abans Will not subscribe for the rights issue.The share is trading at 23.10 as against the rights price of Rs 25.00.Market is being manipulated and one  share was traded at 28.10 to mislead the investors.

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Re: AFSL update...

Post by fortuneteller on Sat Mar 18, 2017 10:43 am

A Consultant by the name of Eric Rajendra too quoted that Abans PLC (Parent Company)  is in the verge of collapse due to their investment on mixed development  "Colombo City Centre project"where the investment has increased and delays in completion .

He also said that the current chairperson is too old over 86 years and the Managing Director is also a sick person.With no succession plan and weak top management and the group not generating Cash flow,they will not take up the right issue shares of Abans Finance PLC.

Profit of Abans Finance PLC for the month of February is only Rs 100,000/=

Abans Finance PLC is also reported to be manipulating the profits.The share is trading at 23.10 as against the rights issue price of 25.00.

number of false trades of one share each is being traded to artificially push the share price.


Last edited by fortuneteller on Sat Mar 18, 2017 10:54 am; edited 1 time in total (Reason for editing : to provide accurate info)

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Re: AFSL update...

Post by Top Trader on Sun Mar 19, 2017 10:05 pm

@Wimal Modawansa wrote:It is reported that AFSL is in deep trouble and the profit for February is only Rs 100,000 and the major share holder Abans Will not subscribe for the rights issue.The share is trading at 23.10 as against the rights price of Rs 25.00.Market is being manipulated and one  share was traded at 28.10 to mislead the investors.

From where u got this 100,000/= profit detail?

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Re: AFSL update...

Post by Wimal Modawansa on Mon Mar 20, 2017 2:53 pm

It should read as Hugh loss position adjusted to near zero profit and not Rs 100,000/= profit.

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Re: AFSL update...

Post by Wimal Modawansa on Mon Mar 20, 2017 3:19 pm

"Fortune teller Commented"- A Consultant by the name of Eric Rajendra too quoted that Abans PLC (Parent Company)  is in the verge of collapse due to their investment on mixed development  "Colombo City Centre project"where the investment has increased and delays in completion .

He also said that the current chairperson is too old over 86 years and the Managing Director is also a sick person.With no succession plan and weak top management and the group not generating Cash flow,they will not take up the right issue shares of Abans Finance PLC.

Profit of Abans Finance PLC for the month of February was near "Zero" after adjusting the Hugh loss figure.

Abans Finance PLC is also reported to be manipulating the profits.The share is trading at 23.10 as against the rights issue price of 25.00.

number of false trades of one share each is being traded to artificially push the share price.

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Re: AFSL update...

Post by Wimal Modawansa on Wed Mar 22, 2017 8:49 am

Not only profits are manipulated, When the share is trading at 23.80 fraudulent transactions of one share each is traded at high price of 25.80 to mislead the investors.

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Re: AFSL update...

Post by onenine87 on Fri Mar 24, 2017 10:25 pm

@fortuneteller wrote:A Consultant by the name of Eric Rajendra too quoted that Abans PLC (Parent Company)  is in the verge of collapse due to their investment on mixed development  "Colombo City Centre project"where the investment has increased and delays in completion .

He also said that the current chairperson is too old over 86 years and the Managing Director is also a sick person.With no succession plan and weak top management and the group not generating Cash flow,they will not take up the right issue shares of Abans Finance PLC.

Profit of Abans Finance PLC for the month of February is only Rs 100,000/=

Abans Finance PLC is also reported to be manipulating the profits.The share is trading at 23.10 as against the rights issue price of 25.00.

number of false trades of one share each is being traded to artificially push the share price.

@fortuneteller

You are 100% correct sir.. Abans Plc is going to give up the rights and also planing to sell shares got from the previous right issue.

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