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Sri Lanka Equity Forum » Stock Market Talk » ABANS FINANCE PLC IN DEEP TROUBLE DUE TO CEO AND COO?

ABANS FINANCE PLC IN DEEP TROUBLE DUE TO CEO AND COO?

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fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
*Siyapatha Finance after-tax profit Rs. 498.86 Mn in 2017 , a growth of 52% (2016 - Rs. 327.28 Mn).
*The CEO (Roshan Nanayakkara) and COO (Aruna Fernando) joined Abans finance in March 2016.
*Abans Finance after-tax profit for 9 months Rs 77.68 MN in 2017 , decline of 34% ( 2016 - Rs 118.54 MN).- full years profit up to March 2017 -Rs 136.56 Mn.
*Who should take the responsibility for debacle and wrongful trading at Abans Finance?
1) Roshan who doesn't come out of his cubicle and involve in any business activities or
2)Aruna who is involved in harassment of female staff or
3)staff of Yorkstreet Partners who make decisions and Abans Finance?
*The share which was trading @ Rs 69.90 has dropped to Rs 21.00 much below the mandatory offer price of Rs 25.00.

EquityChamp

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Moderator
Better to give us the source link as well without only the allegation.

fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
@EquityChamp wrote:Better to give us the source link as well without only the allegation.

Source- stock exchange reports on profits and share prices. Refer Sunday Observer of 26th March 2018 and abans finance staff.

EquityChamp

avatar
Moderator
@fortuneteller wrote:
@EquityChamp wrote:Better to give us the source link as well without only the allegation.

Source- stock exchange reports on profits and share prices. Refer Sunday Observer of 26th March 2018 and abans finance staff.
So now we need to contact staff to verify your post. Don't you think that people have other important stuff to attend. lol!

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
*Siyapatha Finance after-tax profit Rs. 498.86 Mn in 2017 , a growth of 52% (2016 - Rs. 327.28 Mn).(source-Sunday Observer dated 26th March 2018- profits as at 31st December 2017.)
*The CEO (Roshan Nanayakkara) and COO (Aruna Fernando) joined Abans finance in March 2016.(source-stock exchange filing and CBSL  records)
*Abans Finance after-tax profit for 9 months Rs 77.68 MN in 2017 , decline of 34% ( 2016 - Rs 118.54 MN).- full years profit up to March 2017 -Rs 136.56 Mn.).(source-stock exchange filing of accounts of Abans Finance as at 31st December 2017.)
*Who should take the responsibility for debacle and wrongful trading at Abans Finance?
1) Roshan who doesn't come out of his cubicle and involve in any business activities or
2)Aruna who is involved in harassment of female staff (source - Achchala Nanayakara and Department of Labour )or
3)staff of Yorkstreet Partners who make decisions and Abans Finance?(source - CBSL audit report)
*The share which was trading @ Rs 69.90 has dropped to Rs 21.00 much below the mandatory offer price of Rs 25.00.(Stock exchange trading data.)

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