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

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Financial Reports Q-3 2018
by ruwan326 Today at 11:52 am

» BFN Price HOLDING ON AS THE DEAL COME CLOSER
by kalu351 Today at 11:03 am

» Another Finance sector deal UBC UBC UBC Deal
by kalu351 Today at 10:56 am

» BFN BFN BFN BFN BFN DEAL ......WITH CHINESE BANK
by kalu351 Today at 10:54 am

» MARKET RISE - GUARANTEED
by samaritan Today at 10:21 am

» #PM Crisis#
by samaritan Today at 9:41 am

» MARKET CRASH - GUARANTEED
by Maharaja Today at 9:32 am

» ##FUN TOONS###
by ruwan326 Today at 7:43 am

» Q-TO-Q Financial Report-Financial Performance- Period ended 30 September 2018
by ruwan326 Yesterday at 9:00 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:12 pm

» CB raises key rates in surprise move to support currency
by Miss-Sangeetha Yesterday at 4:59 pm

» President rejects NCM brought against PM, Govt.
by ranferdi Yesterday at 2:36 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Yesterday at 1:59 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 7:21 am

» Supreme Court issues stay order on Gazette dissolving Parliament
by THUWA Wed Nov 14, 2018 5:28 pm

» CSE THIS WEEK
by ruwan326 Wed Nov 14, 2018 8:27 am

» Veterans return to lead state banks
by ruwan326 Wed Nov 14, 2018 8:21 am

» Collect ODEL Range Rs. 23-25 .......Target Price over Rs.35
by soileconomy Tue Nov 13, 2018 8:54 pm

» අනං## මනං ##
by ruwan326 Tue Nov 13, 2018 8:52 pm

» JKH News & Reports
by ruwan326 Tue Nov 13, 2018 8:11 pm

» Survey - Individual Investors' Behaviour and Investment Performance
by eroshans Tue Nov 13, 2018 3:49 pm

» USD/MXN Can Face A Bearish Reversal
by GersonH Mon Nov 12, 2018 10:22 pm

» EURUSD breaks major horizontal support
by GersonH Mon Nov 12, 2018 10:18 pm

» EURCHF is headed south
by GersonH Mon Nov 12, 2018 10:14 pm

» EURUSD: the pair is close to the lower boundary of the B-B channel
by GersonH Mon Nov 12, 2018 10:12 pm

» Parliament dissolved from midnight ????????
by Yahapalanaya Mon Nov 12, 2018 6:24 pm

» JKH 1:20 Buy back trick.
by ranferdi Mon Nov 12, 2018 11:19 am

» Bitcoin Cash especially has a high chance
by GersonH Mon Nov 12, 2018 8:19 am

» USDCHF pivot point is at a level of 1.0095
by GersonH Mon Nov 12, 2018 8:17 am

» EURUSD: breakout of the upwards channel
by GersonH Mon Nov 12, 2018 8:15 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » CAUTION - Shareholders of Abans group companies , Depositors and Bankers -

CAUTION - Shareholders of Abans group companies , Depositors and Bankers -

Go down  Message [Page 1 of 1]

Wimal Modawansa

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Shareholders of Abans PLC have transferred their share holding to P N P Logistics (pvt) Ltd , a fully owned subsidiary of Abans International (pvt) Ltd.(both are paper companies).
Troubled Abans group is already suffering from  steep decline in profitability and high debt , some of which are supported by Director”s personal guarantees and indemnities.
Share values of quoted companies in the group may fluctuate heavily.
Priorities of Bankers will change and positions of lending bankers may be diluted.
Only some banks have placed covenants saying that "shareholding structure should not be changed with out their written approvals".

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Any idea about the banks that have high exposure levels?

Back to top  Message [Page 1 of 1]

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