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Sri Lanka Equity Forum » Stock Market Talk » AAIC News and Reports

AAIC News and Reports

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1 AAIC News and Reports on Wed Dec 19, 2018 8:50 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Leapfrog group buys Sri Lanka Soflogic Life Insurance stake from FMO

Dec 19, 2018 

A 19-percent stake in Sri Lanka's Softlogic Life Insurance has been sold by the Netherlands-based FMO to the Leapfrog Investments group, which has a focus on Asia and Africa.
"This investment reveals our positive view of Sri Lanka's long-term trajectory, and its financial services industry," Leapfrog Chie Executive Andrew Kuper said in a statement.

Softlogic Chairman Ashok Pathirage said exiting partner FMO helped strenghten the firm.
He hoped the investment in his insurance unit woudl be the first of many investments in Sri Lanka.

The stake changed hands in two blocks, one of 35.6 million shares at 30.80 rupees each and the other of 35.6 million shares at 30.70 rupees each, down 19-20 percent from the previous, opening trade. 
The total value of the 71.2 million shares traded was 2.18 billion rupees. The transaction amounted to a 19 percent stake in Softlogic Life Insurance, formerly Asian Alliance Insurance.

https://economynext.com/Leapfrog_group_buys_Sri_Lanka_Soflogic_Life_Insurance_stake_from_FMO-3-12946-17.html

2 Re: AAIC News and Reports on Thu Dec 20, 2018 8:58 pm

wisdom79

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Better to collect now and hope a good future!!!!!! They have earned much and that must move above 50 soon.!!!!!

Hope a good dividend, too!!!!

See the report and invest, you will never lose!!!!

3 Re: AAIC News and Reports on Fri Dec 21, 2018 10:04 pm

gobinath55555


Stock Trader
great opportunity is alive in AAIC.n0000. Good dividend we can hope.

4 Re: AAIC News and Reports on Wed Dec 26, 2018 9:09 pm

wisdom79

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
AAIC is moving up. I think AAIC will pass 45 level soon. It is moving up because of its good performance. Better to invest and wait than play with money!!!!

Good luck!!!!

5 Re: AAIC News and Reports on Thu Dec 27, 2018 7:43 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@wisdom79 wrote:AAIC is moving up. I think AAIC will pass 45 level soon. It is moving up because of its good performance. Better to invest and wait than play with money!!!!

Good luck!!!!
අනේ මේ ...පින්සිද්දවෙයි widom .... උබ ALHPඑක  promote කරගෙන හිටපන් කලින් වගේ Wink

6 Re: AAIC News and Reports on Fri Dec 28, 2018 7:15 pm

wisdom79

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
AAIC will pass 50 level soon. It has a huge profit. That is the reason its moving up. Next week it will pass 50 level. Best chance to invest on AAIC!!!!

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