Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» EAST Steady at 18
by mark Yesterday at 10:57 pm

» Reputation???
by Uaecoindubai Yesterday at 7:12 pm

by Uaecoindubai Yesterday at 7:12 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 6:47 pm

by wisdom79 Yesterday at 5:56 pm

» Market will test 4700
by nuwanmja Yesterday at 4:16 pm

» Keep eye on Politics
by Maharaja Yesterday at 1:05 pm

by lokka1 Yesterday at 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Yesterday at 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Yesterday at 11:15 am

» when bank lending rates put down ?
by nuwanmja Yesterday at 11:01 am

» CSE from Dawn of Peace to Rebirth of Terrorism
by soileconomy Yesterday at 7:52 am

» Pakistan’s trade with Sri Lanka comes to a halt
by Teller Yesterday at 3:26 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by wisdom79 Tue May 21, 2019 10:46 pm

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Tue May 21, 2019 8:04 pm

» Hight Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

by Ahcha Sun May 19, 2019 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Sun May 19, 2019 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

» EPF Enter Stock Market
by visvajith Sat May 18, 2019 12:20 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Soilconomy Sat May 18, 2019 8:54 am

» SEC yet to publish its 2017 Annual Report
by ChooBoy Sat May 18, 2019 6:01 am

by Winner123 Fri May 17, 2019 1:33 pm

» East total Hotel deal value US $ 58 Mn there will be another Dividend, Nahil's family is smart
by karuna2 Fri May 17, 2019 6:48 am

» What is going on with TFC.N0000
by Gihan04 Thu May 16, 2019 11:58 pm

» Sri Lanka's Commercial Bank's deposits surpass landmark Rs 1 Trillion in Q1 2019
by hammurabi Thu May 16, 2019 8:05 pm

» LIOC upward curve
by hammurabi Thu May 16, 2019 7:42 pm

» Maithree pala siresenas next winning chance
by Uaecoindubai Thu May 16, 2019 5:10 pm

by Uaecoindubai Thu May 16, 2019 5:05 pm

» Mahaweli coconut will be listed soon
by Uaecoindubai Thu May 16, 2019 4:57 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » CIFL – Red Signal for investors

CIFL – Red Signal for investors

Go down  Message [Page 1 of 1]

1CIFL – Red Signal for investors Empty CIFL – Red Signal for investors on Mon Sep 26, 2016 10:07 am

Blue blooded

Stock Analytic
Stock Analytic
CIFL – Red Signal for investors
On 22 Sept. 2016 the conpany informed that German company is willing to buy  100% of the company carefully avoiding at what price they offered. Is it -/10 or -/20 cents? The company in effect encourage some brokers / investors to manipulate with the result ignorant investors would ultimetely suffer.
(1)        What is interesting is so far Germen deligation that came mainly to look for opportunities in North and East never issued a signed statement or given a TV interview re this matter.
(2)        Letter dated 19 Sept. 2016 say CB re a loan requested not positively responded due to non avalability of adequated assets as collateral. The present Central Bank is not foolish to bailout a bankrupt company.
(3)        Company Record
            A.         Profitability      13/14   Loss     Rs. 4315 M
                                                12/13   Loss     Rs.   332 M
The companyhas not submitted reports for 2 years 14/15 and 15/16. Total loss may be Rs. 10000 M. Nobody knows.
B.         During 13/14 capital recorded a loss of Rs. 3943 M and not given NAV and EPS. Very interesting?
(4)        During 13/14 audit no transfer deeds were available for the properties said to own and KPMG who did the audit says “we do not express an opinion on the financial statement.”
            It is the considered opinion if the German investors are genuine and honest, they would never touch a bankrupt company which was probed by the C.I.D due to massive fraud. The regulatory authorities should have delisted the company long ago to safe guard new investors and at least they should now suspend temporarily.
Watch Dog
(group of investors/brokers)
CC :     Director General, Securities Exchange Commission
            Chairman, Colombo Stock Exchange
PS. : According to Sunday Times of 25th Sept. (yesterday) company had been informed on 21st Sept. (Wednesday) by Central Bank that only monetary board can decide the sale of the company subject to some conditions and this vital information not released to the stock exchange as at morning of 26th Sept. (Monday). Why? SEC must probe this to save innocent investors without any delay.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum