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Sri Lanka Equity Forum » Stock Market Talk » AFSL update...

AFSL update...

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1 AFSL update... on Tue Sep 06, 2016 1:26 pm

Teller

avatar
Moderator
First topic message reminder :

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


26 Re: AFSL update... on Sun Mar 19, 2017 10:05 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@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?

27 Re: AFSL update... on Mon Mar 20, 2017 2:53 pm

Wimal Modawansa


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

28 Re: AFSL update... on Mon Mar 20, 2017 3:19 pm

Wimal Modawansa


Manager - Equity Analytics
Manager - Equity Analytics
"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.

29 Re: AFSL update... on Wed Mar 22, 2017 8:49 am

Wimal Modawansa


Manager - Equity Analytics
Manager - Equity Analytics
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.

30 Re: AFSL update... on Fri Mar 24, 2017 10:25 pm

onenine87


Equity Analytic
Equity Analytic
@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.

31 Re: AFSL update... on Sun Mar 26, 2017 8:12 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Senior advisor to Chairperson , Eric Rajendra had been sacked by Abans.But, Ironwood (sister company of touchwood) had paid a deposit to Abans Plc for the earlier rights issue and abans are holding to those shares to avoid mandatory offer.If Abans is not buying the rights shares Perpatual treasury is willing to buy at that price.

32 Re: AFSL update... on Thu Mar 30, 2017 12:31 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
I am a longtime investor in the stock market and was holding on to 10,000 shares in Abans Finance and the marker value of  same was Rs 699,000.00 by end  September 2016.When a proposal was made to issue 20% to a Company owned by a Director of Abans PLC @ Rs 25.00 with no experience in the Financial Services Sector (1.4 times book value), I objected and wanted the shares to the existing Share holders first and then to the Director. A number of share holders walked out of the EGM in protest of this manipulation.
Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of my investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %).
Abans PLC , the parent Company which is now in financial difficulties also has lost Rs 1.3 Bn on this investment is unlikely to take up the rights @ Rs 25.00. Embarassed Embarassed Embarassed
Embarassed Embarassed

33 Re: AFSL update... on Thu Mar 30, 2017 12:46 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote: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

This is called PV inner bullish around 96.8  daily adjustment to 97.7 means green today 

34 Poorly Managed Abans Finance on Thu Mar 30, 2017 1:53 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Teller also said the same thing in September 2016 and it never went to Rs 60.It is an inefficient company  badly managed with lots of free cash. Embarassed Embarassed Embarassed Embarassed Embarassed
(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) Embarassed Embarassed Embarassed Embarassed Embarassed

35 Re: AFSL update... on Thu Mar 30, 2017 2:57 pm

CSE VIJAY


Manager - Equity Analytics
Manager - Equity Analytics
@fortuneteller wrote:I am a longtime investor in the stock market and was holding on to 10,000 shares in Abans Finance and the marker value of  same was Rs 699,000.00 by end  September 2016.When a proposal was made to issue 20% to a Company owned by a Director of Abans PLC @ Rs 25.00 with no experience in the Financial Services Sector (1.4 times book value), I objected and wanted the shares to the existing Share holders first and then to the Director. A number of share holders walked out of the EGM in protest of this manipulation.
Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of my investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %).
Abans PLC , the parent Company which is now in financial difficulties also has lost Rs 1.3 Bn on this investment is unlikely to take up the rights @ Rs 25.00. Embarassed Embarassed Embarassed
Embarassed Embarassed
Your first post is contradicting with your own second post. You are accepting that
 
“Abans PLC , the parent Company which is now in financial difficulties also has lost Rs 1.3 Bn on this investment is unlikely to take up the rights @ Rs 25.00.”

Now, AFSL trading@ 23. how can it possible to reach 60?
In your second post you are reciting the same Teller’s post’s paragraph. You are fortuneteller; he is mode “Teller”. Your joining date is on 01-08-2016, so far you have posted 5 posts and your reputation is also zero.
My question is whether Teller turned into fortuneteller due to current circumstances, Teller also disappeared from this forum.
I know Teller is a good person but may have some financial difficulties, compel to doing some share promotions.

antony thomaspulle


Stock Analytic
Stock Analytic
Fortune teller was only responding to Sangeetha who was referring to a quote of teller-of September 2016 misleading investors by saying AFSL shares will  increase to Rs 60.00 which never materialized."It means very few public holding at the market so easy to go up the prices above 60/- levels."


He also says "Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of my investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %)."

It is clear that "AFSL  is an inefficient company  badly managed with lots of free cash.      "

All Relevant ratios are Weak

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

Does AFSL need capital infusion?

37 Re: AFSL update... on Thu Mar 30, 2017 6:29 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@antony thomaspulle wrote:Fortune teller was only responding to Sangeetha who was referring to a quote of teller-of September 2016 misleading investors by saying AFSL shares will  increase to Rs 60.00 which never materialized."It means very few public holding at the market so easy to go up the prices above 60/- levels."


He also says "Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of my investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %)."

It is clear that "AFSL  is an inefficient company  badly managed with lots of free cash.      "

All Relevant ratios are Weak

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

Does AFSL need capital infusion?

Teller said on Sept 2016So definitely AFSL share price will be upward no doubt on itwhat is the meaning of this statement? Now only  six months passed, AFSL now on life supporting machine, you said due to inefficiency and mismanagement otherwise it would have touched Rs.60/-

So touch wood (TWOD), Blue, PCH, AINV and PCP are well managed and efficient now plying between life and death (some already dead).

In the case of AFSL, Who appointed this management? Who is responsible? What is the purpose of establishing the internal Auditing Department?

Time to time issuing right issue & horse riding at CSE is a hobby of Blue Diamond, What had happened to that colossal sum of money collected through right issue? Do you think Blue Diamond, well managed and efficient? Shall I spear head by quoting their right issue and possible their jewelry exports, that “BLUE share definitely will be upward no doubt on it and touch Rs.10/-“.

Do you know SHL, IPO price is above Rs.29/-? Never reach that price levels at CSE trading. After that SEC tightening its noose, that leads the high price quoting in the Hayleys internal land sale.
Don’t come with Indian Katta Pannchayathu (Judgment giving at the tugs assembly) with recently opened ID profile and 3 posting in support Teller.  

38 Re: AFSL update... on Thu Mar 30, 2017 7:33 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@antony thomaspulle wrote:Fortune teller was only responding to Sangeetha who was referring to a quote of teller-of September 2016 misleading investors by saying AFSL shares will  increase to Rs 60.00 which never materialized."It means very few public holding at the market so easy to go up the prices above 60/- levels."


He also says "Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of my investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %)."

It is clear that "AFSL  is an inefficient company  badly managed with lots of free cash.      "

All Relevant ratios are Weak

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

Does AFSL need capital infusion?

You can defend Teller better way.That he was only dreaming about AFSL and not to encourage anybody to buy AFSL.

 I also not said that you have mentioned in your posting, only said PV inner bullish around 96.8 daily adjustment to 97.7 means green today (Refer my post) that is only understandable to one person Teller in the world(His imagination only understand to him only)

As CSE VIJAY point of view fortuneteller and Teller, I also think Teller wearing new clothing after the HEXP debacle.

39 Re: AFSL update... on Thu Mar 30, 2017 8:05 pm

antony thomaspulle


Stock Analytic
Stock Analytic
Very good counter argument by Sangeetha aunty!All should buy AFSL!

As CSE VIJAY point of view fortuneteller and Teller, I also think Teller wearing new clothing after the HEXP debacle.

Should we buy the rights @ Rs 25.00?When will it go to Rs 60.00?

40 Re: AFSL update... on Thu Mar 30, 2017 8:19 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@antony thomaspulle wrote:Very good counter argument by Sangeetha aunty!All should buy AFSL!

As CSE VIJAY point of view fortuneteller and Teller, I also think Teller wearing new clothing after the HEXP debacle.

Should we buy the rights @ Rs 25.00?When will it go to Rs 60.00?

Uncle is coming with Old toddy in new pot



Last edited by Miss-Sangeetha on Thu Mar 30, 2017 8:21 pm; edited 1 time in total

41 Re: AFSL update... on Thu Mar 30, 2017 8:20 pm

Wimal Modawansa

avatar
Manager - Equity Analytics
Manager - Equity Analytics
1)Does AFSL need capital infusion? Very Happy Very Happy Very Happy

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

2)Will inefficiencies of AFSL be addressed now? Embarassed Embarassed Embarassed

42 Will inefficiencies of AFSL be addressed Early? on Fri Mar 31, 2017 11:49 am

antony thomaspulle


Stock Analytic
Stock Analytic
As Wimal said-

"1)Does AFSL need capital infusion?   

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

2)Will inefficiencies of AFSL be addressed now?   

"

"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."

-Is this true?I thought I thought Ironwood was only a paper company!

43 Re: AFSL update... on Fri Mar 31, 2017 1:04 pm

Wimal Modawansa

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Miss-Sangeetha wrote:
@antony thomaspulle wrote:Very good counter argument by Sangeetha aunty!All should buy AFSL!

As CSE VIJAY point of view fortuneteller and Teller, I also think Teller wearing new clothing after the HEXP debacle.

Should we buy the rights @ Rs 25.00?When will it go to Rs 60.00?

Uncle is coming with Old toddy in new pot

Aunty has been a miss for a long time being the old toddy in old pot. Very Happy Very Happy Very Happy

44 Re: AFSL update... on Fri Mar 31, 2017 1:53 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Wimal Modawansa wrote:
@Miss-Sangeetha wrote:
@antony thomaspulle wrote:Very good counter argument by Sangeetha aunty!All should buy AFSL!

As CSE VIJAY point of view fortuneteller and Teller, I also think Teller wearing new clothing after the HEXP debacle.

Should we buy the rights @ Rs 25.00?When will it go to Rs 60.00?

Uncle is coming with Old toddy in new pot

Aunty has been a miss for a long time being the old toddy in old pot. Very Happy Very Happy Very Happy

Thank you for your judgment at your elite underworld assembly under the leadership of morda + wansa with newly opened ID profile and 3 or 5 posts, can’t understand my proverb or article.

Although AFSL'S second right issue with in one year, you can promote the AFSL with the guidance of uncle and with the condition of If AFSL doesn’t reach the Rs.60  level,I will quit this forum, that should be your slogan  

45 Re: AFSL update... on Fri Mar 31, 2017 7:10 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
@Wimal Modawansa wrote:1)Does AFSL need capital infusion? Very Happy Very Happy Very Happy

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

2)Will inefficiencies of AFSL be addressed now? Embarassed Embarassed Embarassed
Is it worth buying AFSL rights issue @ 25.00?

46 Re: AFSL update... on Sat Apr 01, 2017 1:41 am

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
 Newly Reborn Teller “Sir”

If AFSL is a good company and could be pardoned its prediction by Teller and downfall of AFSL under the bad management and inefficiency, then what about the other supreme shares like TOUCH WOOD, BLUE , PCH, PCP,GREG and AINV? ( And promoted by Jana some years back)

 “Sir” Why couldn’t be pardoned these supreme shares under the bad management and inefficiency concession?

“Sir” what is the difference between the Abans blaming the management of AFSL and AINV blaming the management of PC Parma?  

“Sir” Why did the SEC ban this supreme shares horse riding at CSE?

“Sir” Are these supreme shares clear evident of bad management and inefficiency or falling under any other category?
Couldn't be pardoned this supreme shares even under your majesty ?

Finally, what you think about wolf in sheep clothing?

47 Re: AFSL update... on Sat Apr 01, 2017 8:59 am

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@fortuneteller wrote:
@Wimal Modawansa wrote:1)Does AFSL need capital infusion? Very Happy Very Happy Very Happy

Capital funds to deposit 19.78% (minimum 10%)
Core Capital 18.39% (minimum 5%)
Total Risk weighted Capital 18.34% (minimum 10%

2)Will inefficiencies of AFSL be addressed now? Embarassed Embarassed Embarassed
Is it worth buying AFSL rights issue @ 25.00?



Yes “Sir” AFSL could be bought @25. If Abans decides on rights issue, the share will shoot to 70.Good to buy.
"Sir" This is a second rights issue with in 12 months period, how nice is this but pardon under bad management and inefficiency

48 Minority Shareholders cheated by IRONWOOD on Sat Apr 01, 2017 12:30 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Old man in the of name of Miss Sangeetha or "Mess" Sangetha-

1)Why is NPL of AFSL @ 13.00% when the industry ratio is below 6.00%?.
2)Why was the share given to a related party on private placement to touchwood fame Ironwood @25.00 when the market rate of 69.90.
3)Why was the share sold to a paper company owned by a Director  with no experience in the Financial Services Industry?
4)Have they achieved all targets or Wish List given by IRONWOOD when the private placement was made at 25.00.)ie-1.4 times asset value when Seylan Bank offered 2 times the asset value)?
3)Why are the following  ratios reflecting inefficiency?

a)Capital funds to deposit 19.78% (minimum 10%)
b)Core Capital 18.39% (minimum 5%)
c)Total Risk weighted Capital 18.34% (minimum 10%
4)Has the exchange control fraud related to vehicle import under valuation sorted out?
5)What has AFSL done to overcome the restriction placed by Central Bank?


Despite all these if the share move to 70.00 it will be a miracle as recommended by the Old man in Woman's clothing!

49 Re: AFSL update... on Mon Apr 03, 2017 1:54 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
On 5th May year 2016 AFSL listed 7,400,000 QTY of AFSL rights shares at CSE. https://cdn.cse.lk/cmt/uploadAnnounceFiles/7001462419151_1069.pdf

 Just within three months on 01/08/2016, the axis of evil under took propagandas very well knowingly about the worst financial position of AFSL, that ” If Abans decides rights issue the share will shoot to 70” to dump their boss’s AFSL on small scale investors heads, and that was subsequently failed.

 Now the same axis of evil totally turned against the AFSL right issue not because to safe guard this forum members but for their own interest.

They very well know after this second AFSL rights issue with in 12 months period, the AFSL share price will go down to least level less than Rs.10/- because AFSL financially on life supporting machine before their last year’s rights issue.

Now the same axis of evils trying to discourage the AFSL right issue among the investors, to suspend their boss’s AFSL portfolio holding value going down (erode).

 Now if they subscribed this AFSL rights offer, AFSL share price definitely will go down after the right issue and have to face double losses one forum their newly subscribe shares and 2nd from their exiting AFSL shares holding in collective accounts

 If this axis of evil unsubscribes their own rights issue and subsequently AFSL rights issue go on as said, their own exiting huge quantity of AFSL will lose its value.

This is the main reason, now these evils are posting this forum with borrowed financial data from their bosses as they did the same in the case of  HEXP, now they totally against the AFSL rights issue and talking about good company but mad management and inefficiency to dump their AFSL holding after the AFSL rights issue fails.

After seeing my depth of writing in my posts these fools are refuse to accept that I am a female and imagining I am a matured man or old lady because they still thinking about the male dominance of last century.

 They think they can promote anything on behalf their boss and after the short period of time, forum members will forget everything, and again they can write against their own post to plunder.

Now what had happened to the HEXP share price after the great land sale?  I am the single lady fought back against Teller’s HEXP mafia.   

50 IRONWOOD CHEATING MINORITY SHAREHOLDERS on Mon Apr 03, 2017 4:23 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
IRONWOOD  CHEATING MINORITY SHAREHOLDERS
A longtime investor in the stock market was holding on to 10,000 shares in Abans Finance and the marker value of same was Rs 699,000.00 by end  September 2016.When a proposal was made to issue 20% to a Company owned by a Director of Abans PLC @ Rs 25.00 with no experience in the Financial Services Sector (1.4 times book value), Minority Share holders objected and wanted the shares to be offered to the existing Share holders first and then to the Director. A number of minority share holders walked out of the EGM in protest of this manipulation.

Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of his investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %).

Abans PLC , the parent Company which is now in financial difficulties also has lost Rs 1.3 Bn on this investment was too late to realize that they were taken for a ride.
 AFSL now on life supporting machine! Touch wood (TWOD), Blue, PCH, AINV and PCP now plying between life and death (some already dead).


WILL IRONWOOD THE COMPANY (WHICH CHEATED THE MINORITY SHAREHOLERS), TOUCHWOOD FAME COMPANY. MAKE ANOTHER HISTORY OF DEBACLE!

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Miss-Sangeetha- We are not concerned with your past \"Love and Hate relationship with "Teller".Is it wor?th buying the rights issue at Rs 25.00? wrote:On 5th May year 2016 AFSL listed 7,400,000 QTY of AFSL rights shares at CSE. https://cdn.cse.lk/cmt/uploadAnnounceFiles/7001462419151_1069.pdf

 Just within three months on 01/08/2016, the axis of evil under took propagandas very well knowingly about the worst financial position of AFSL, that ” If Abans decides rights issue the share will shoot to 70” to dump their boss’s AFSL on small scale investors heads, and that was subsequently ations.

 Now the same axis of evil totally turned against the AFSL right issue not because to safe guard this forum members but for their own interest.

They very well know after this second AFSL rights issue with in 12 months period, the AFSL share price will go down to least level less than Rs.10/- because AFSL financially on life supporting machine before their last year’s rights issue.

Now the same axis of evils trying to discourage the AFSL right issue among the investors, to suspend their boss’s AFSL portfolio holding value going down (erode).

 Now if they subscribed this AFSL rights offer, AFSL share price definitely will go down after the right issue and have to face double losses one forum their newly subscribe shares and 2nd from their exiting AFSL shares holding in collective accounts

 If this axis of evil unsubscribes their own rights issue and subsequently AFSL rights issue go on as said, their own exiting huge quantity of AFSL will lose its value.

This is the main reason, now these evils are posting this forum with borrowed financial data from their bosses as they did the same in the case of  HEXP, now they totally against the AFSL rights issue and talking about good company but mad management and inefficiency to dump their AFSL holding after the AFSL rights issue fails.

After seeing my depth of writing in my posts these fools are refuse to accept that I am a female and imagining I am a matured man or old lady because they still thinking about the male dominance of last century.

 They think they can promote anything on behalf their boss and after the short period of time, forum members will forget everything, and again they can write against their own post to plunder.

Now what had happened to the HEXP share price after the great land sale?  I am the single lady fought back against Teller’s HEXP mafia.   



Last edited by fortuneteller on Mon Apr 03, 2017 5:02 pm; edited 1 time in total (Reason for editing : to provide accurate info)

52 Re: AFSL update... on Mon Apr 03, 2017 6:50 pm

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@fortuneteller wrote:
Miss-Sangeetha- We are not concerned with your past \"Love and Hate relationship with "Teller".Is it wor?th buying the rights issue at Rs 25.00? wrote:On 5th May year 2016 AFSL listed 7,400,000 QTY of AFSL rights shares at CSE. https://cdn.cse.lk/cmt/uploadAnnounceFiles/7001462419151_1069.pdf

 Just within three months on 01/08/2016, the axis of evil under took propagandas very well knowingly about the worst financial position of AFSL, that ” If Abans decides rights issue the share will shoot to 70” to dump their boss’s AFSL on small scale investors heads, and that was subsequently ations.

 Now the same axis of evil totally turned against the AFSL right issue not because to safe guard this forum members but for their own interest.

They very well know after this second AFSL rights issue with in 12 months period, the AFSL share price will go down to least level less than Rs.10/- because AFSL financially on life supporting machine before their last year’s rights issue.

Now the same axis of evils trying to discourage the AFSL right issue among the investors, to suspend their boss’s AFSL portfolio holding value going down (erode).

 Now if they subscribed this AFSL rights offer, AFSL share price definitely will go down after the right issue and have to face double losses one forum their newly subscribe shares and 2nd from their exiting AFSL shares holding in collective accounts

 If this axis of evil unsubscribes their own rights issue and subsequently AFSL rights issue go on as said, their own exiting huge quantity of AFSL will lose its value.

This is the main reason, now these evils are posting this forum with borrowed financial data from their bosses as they did the same in the case of  HEXP, now they totally against the AFSL rights issue and talking about good company but mad management and inefficiency to dump their AFSL holding after the AFSL rights issue fails.

After seeing my depth of writing in my posts these fools are refuse to accept that I am a female and imagining I am a matured man or old lady because they still thinking about the male dominance of last century.

 They think they can promote anything on behalf their boss and after the short period of time, forum members will forget everything, and again they can write against their own post to plunder.

Now what had happened to the HEXP share price after the great land sale?  I am the single lady fought back against Teller’s HEXP mafia.   

 

You know the correct answer; your own answer on 01/08/2016, under the topic of AFSL can be a gem is excellent, see the link below

http://forum.srilankaequity.com/t51905p50-afsl-can-be-a-gem#334119

Now you are innocently asking the question at everybody that “ Is it worth buying AFSL right issue@25?”

Your own answer was on 01/08/2016 “If Abans decides on rights issue, the share will shoot to 70.Good to buy” you very well know about the worst financial position of AFSL that time with in 3 months after listing of rights issue share of AFSL last year, you said this.
See below your own posting also


Do you think all these forum members are fools with short memory?
Don't fool others

53 “ Is it worth buying AFSL right issue@25?” on Mon Apr 03, 2017 7:15 pm

antony thomaspulle


Stock Analytic
Stock Analytic
Please respond to a simple question-


“ Is it worth buying AFSL right issue@25?” in view of the following?

1)Why is NPL of AFSL @ 13.00% when the industry ratio is below 6.00%?.
2)Why was the share given to a related party on private placement to touchwood fame Ironwood @25.00 when the market rate of 69.90.
3)Why was the share sold to a paper company owned by a Director  with no experience in the Financial Services Industry?
4)Have they achieved all targets or Wish List given by IRONWOOD when the private placement was made at 25.00.)ie-1.4 times asset value when Seylan Bank offered 2 times the asset value)?
3)Why are the following  ratios reflecting inefficiency?

a)Capital funds to deposit 19.78% (minimum 10%)
b)Core Capital 18.39% (minimum 5%)
c)Total Risk weighted Capital 18.34% (minimum 10%
4)Has the exchange control fraud related to vehicle import under valuation sorted out?
5)What has AFSL done to overcome the restriction placed by Central Bank?(Fraudulent products to lease up to 100%)


You sort-out your problems with others separately!

54 IRONWOOD CHEATING MINORITY SHARE HOLDERS? on Tue Apr 04, 2017 11:01 am

antony thomaspulle


Stock Analytic
Stock Analytic
@Miss-Sangeetha wrote:Sangeetha is this statement Correct?

Now if they subscribed this AFSL rights offer, AFSL share price definitely will go down after the right issue and have to face double losses one forum their newly subscribe shares and 2nd from their exiting AFSL shares holding in collective accounts.
ts 

All these figures and ratios given are from the Financial Statements and Stock Exchange Filings and not from borrowed financial data from Bosses as stated by you-PLEASE CHECK THE CSE SITE!

"This is the main reason, now these evils are posting this forum with borrowed financial data from their bosses as they did the same in the case of  HEXP,..."


“ Is it worth buying AFSL right issue@25?” in view of the following?

1)Why is NPL of AFSL @ 13.00% when the industry ratio is below 6.00%?.
2)Why was the share given to a related party on private placement to touchwood fame Ironwood @25.00 when the market rate of 69.90.
3)Why was the share sold to a paper company owned by a Director  with no experience in the Financial Services Industry?
4)Have they achieved all targets or Wish List given by IRONWOOD when the private placement was made at 25.00.)ie-1.4 times asset value when Seylan Bank offered 2 times the asset value)?
3)Why are the following  ratios reflecting inefficiency?

a)Capital funds to deposit 19.78% (minimum 10%)
b)Core Capital 18.39% (minimum 5%)
c)Total Risk weighted Capital 18.34% (minimum 10%
4)Has the exchange control fraud related to vehicle import under valuation sorted out?
5)What has AFSL done to overcome the restriction placed by Central Bank?(Fraudulent products to lease up to 100%)


You sort-out your problems with others separately!

55 IRONWOOD CHEATING MINORITY SHAREHOLDERS on Thu Apr 20, 2017 7:18 pm

antony thomaspulle


Stock Analytic
Stock Analytic
SANGEETHA ------“ Is it worth buying AFSL right issue@25?” in view of the following?

1)Why is NPL of AFSL @ 13.00% when the industry ratio is below 6.00%?.
2)Why was the share given to a related party on private placement to touchwood fame Ironwood @25.00 when the market rate of 69.90.
3)Why was the share sold to a paper company owned by a Director  with no experience in the Financial Services Industry?
4)Have they achieved all targets or Wish List given by IRONWOOD when the private placement was made at 25.00.)ie-1.4 times asset value when Seylan Bank offered 2 times the asset value)?
3)Why are the following  ratios reflecting inefficiency?

a)Capital funds to deposit 19.78% (minimum 10%)
b)Core Capital 18.39% (minimum 5%)
c)Total Risk weighted Capital 18.34% (minimum 10%
4)Has the exchange control fraud related to vehicle import under valuation sorted out?
5)What has AFSL done to overcome the restriction placed by Central Bank?(Fraudulent products to lease up to 100%)


You sort-out your problems with others separately!

56 Re: AFSL update... on Thu Apr 20, 2017 10:10 pm

fireshelter

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Collect  Very Happy Very Happy Very Happy Very Happy Very Happy

57 IRONWOOD CHEATING MINORITY SHAREHOLDERS on Thu Apr 20, 2017 10:55 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Why are the following  ratios reflecting inefficiency?

a)Capital funds to deposit 19.78% (minimum 10%)
b)Core Capital 18.39% (minimum 5%)
c)Total Risk weighted Capital 18.34% (minimum 10%)

58 Re: AFSL update... on Fri Apr 21, 2017 9:25 pm

Investor1994


Equity Analytic
Equity Analytic
Abans PLC sold all their rights in one trade. At most three and at least two companies will hold the majority of shares. No dividends until 2021 to meet CBSLs ridiculous targets. If they are clever they will do scrip dividends. I wonder what Ironwood gets from such a risky strategy.

59 IRONWOOD CHEATING MINORITY SHAREHOLDERS on Tue Apr 25, 2017 10:42 am

antony thomaspulle


Stock Analytic
Stock Analytic
Abans PLC is in financial difficulties with high losses and Colombo City Centre project being delayed and unable to sell apartments and making high losses. Abans PLC will sell their rights issue and the shares they are holding in the names of employees as they have no money to pay for the rights as confirmed by Senior Consultant Mr.Eric Rajendra.

Ironwood which has no experience will be forced to buy the shares and make a voluntary offer for which they have no money.Unless another investor steps in the name will be changed to  "Ironwood Finance" after the rights issue.Price of the share is manipulated and pushed up to 29.00 by fraudulent trades.Ironwood continues to cheat the minority share holders and regulators.

Be cautious before subscribing for the rights issue.Share price will come down to 23.00 after the closure of rights issue this week.

60 IRONWOOD CHEATING MINORITY SHAREHOLDERS on Tue Apr 25, 2017 1:06 pm

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Why are the following  ratios reflecting inefficiency?


a)Capital funds to deposit 19.78% (minimum 10%)-Too much of capital funds ,If minimum is 10% why 19.78%?

b)Core Capital 18.39% (minimum 5%)-Too much of Core Capital.If minimum is 5% why 18.39%?


c)Total Risk weighted Capital 18.34% (minimum 10%)- Too much of Risk weighted Capital.If minimum is 10% why 18.34%?

All these proves that this inefficient Company will not require a Right Issue.Then Why?

61 Ironwood cheating minority share holders! on Tue Apr 25, 2017 9:02 pm

Wimal Modawansa

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Manager - Equity Analytics
Manager - Equity Analytics
A longtime investor in the stock market was holding on to 10,000 shares in Abans Finance and the marker value of same was Rs 699,000.00 by end  September 2016.When a proposal was made to issue 20% to a Company owned by a Director of Abans PLC @ Rs 25.00 with no experience in the Financial Services Sector (1.4 times book value), Minority Share holders objected and wanted the shares to be offered to the existing Share holders first and then to the Director. A number of minority share holders walked out of the EGM in protest of this manipulation.
Since then the performance of the Company has declined and the share is now trading at Rs 23.00 and the value of his investment is Rs 230,000.00 a loss of Rs 469, 000.00.(69 %).
Abans PLC , the parent Company which is now in financial difficulties also has lost Rs 1.3 Bn on this investment was too late to realize that they were taken for a ride.
 AFSL now on life supporting machine! Touch wood (TWOD), Blue, PCH, AINV and PCP now plying between life and death (some already dead).

WILL IRONWOOD THE COMPANY (WHICH CHEATED THE MINORITY SHAREHOLERS), TOUCHWOOD FAME COMPANY. MAKE ANOTHER HISTORY OF DEBACLE!

fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
Abans has always manipulated.
 -When the company was formed no cash was put in. -Hire Purchase portfolio was transferred as share capital.(Central Bank pf Sri Lanka).
 -When listing was made shares were fraudulently transferred to employees to cheat the CSE/SEC on free float rule.(CSE/SEC)
-Those employees have no means to buy the shares and FCID should investigate under money laundering act(Employees of Abans)
-If the initial share holder list is checked these employees could be identified(Varners International-company secretaries)
-CDS accounts were opened with Acquity and JB stock brokers and shares sold fraudulently without payment of money.(Acquity and JB stock brokers.)
-When private placement was made shares were issued to Ironwood , company owned by independent director and audit committee chairman Hiran Embuldeniya at a discounted price of Rs 25.00 when the share was trading at 69.90 ,cheating the minority share holders(stock exchange records)
-Hiran Embuldeniya requested approval to buy shares even before the Company was incorporated(Central Bank of Sri Lanka)
-Seylan bank offered 2 times the asset value to buy the shares but private placement was at 1.4 times asset price to Ironwood.(Seylan Bank)
-A company named Able Investment was set up to buy and transfer shares of employees and the rate at which such company bought the shared should be the mandatory offer price as Abans and Ironwood have acted in consort(Registrar of companies)
-Poor CSE and SEC , They were cheated and taken for a ride(Investors and General public.)
-Mr Hiran Embuldeniya common Director of Abans And Ironwood continue to serve as Audit Committee Chairman and Independent Director(Varners International-company secretaries)
-WHAT A MANUPULATION OF CORPORATE GOVERNANCE !!!

63 Re: AFSL update... on Sun May 21, 2017 7:15 am

Investor1994


Equity Analytic
Equity Analytic
Why such an exponential rise in trade payable to other parties. Also why no sub note on how this is broken up.

64 Re: AFSL update... on Sun May 21, 2017 12:49 pm

fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
Payable to parent Company Abans or Sister Company?

65 Re: AFSL update... on Mon May 22, 2017 7:05 am

deli

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Senior Equity Analytic
Senior Equity Analytic
Could be government entity payable

66 Re: AFSL update... on Tue May 23, 2017 10:26 am

fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
Rights shares listed today. Will it drop to issued price of Rs 25.00 with in next few days pending the mandatory offer at Rs 25.00?

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