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Sri Lanka Equity Forum » Stock Market Talk » Regarst to 8 FINANCE Copmany's to be closed But no body knows excatly but avoid SFL,and MFL

Regarst to 8 FINANCE Copmany's to be closed But no body knows excatly but avoid SFL,and MFL

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Capton KIng Cool


Senior Equity Analytic
Senior Equity Analytic
Mad

Teller

Teller
Moderator
Moderator
small/Medium scale finance companies are in trouble even CENTRAL BANK agreed on it In last week discussion . Teller said it 2 months before.non performing loans percentage has increased by 60% QoQ.


_________________
Teller said is said..

chathura123


Stock Analytic
Stock Analytic
Be careful about SDB it looks like iceburg on sea. Normal people cant see real picture.
One family manipulate this company . Be careful remove your deposits.

chathura123


Stock Analytic
Stock Analytic
SDB IS GOING TO COLLAPSE SOONER THAN LATER.
BE CAREFUL.MARK MY WORDS

Teller

Teller
Moderator
Moderator
Hi chathura,thanks for the update.


_________________
Teller said is said..

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I feel there is malicious publicity against SDB. There are updates about SDB being made within half an hour conveying the same negative message without anyone commenting. Is telling the same thing over & over again is known as updates??? Food for thought!

To highlight some details about SDB:

Total issued shares 56 Million, out of which 23.5% is foreign holdings.
On 17/06/2019 6.8 Million shares have been traded between 58/70 and 60. Subsequently the share price is holding steady at around 60/= (less than 50% of book value).

Prabhash Subasinghe is one of the non executive Directors at SDB, and sometime back was targeted by a group with malicious motives in relation to his substantial holdings at Ceylinco Insurance. 

The adverse publicity seems to be nothing but malicious and disgusting!

Teller

Teller
Moderator
Moderator
SDB has purchased online payment application by paying very high price which must be investigated.


_________________
Teller said is said..

chathura123


Stock Analytic
Stock Analytic
Mr.Teller
That is correct .even i told about ETI and SFS way before 2013 but people didnt listen .
I hope this time even they will listen .

chathura123


Stock Analytic
Stock Analytic
Be careful of SDB depositers as well as family based finance companies even if they are listed.

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
SDB is a bank and not a finance company. May be COCR is unstable. Chathura 123, I am prepared to quit the forum if SDB collapses. Are you prepared to take the challenge and quit if SDB doesn't collapse??? Don't mislead people.

chathura123


Stock Analytic
Stock Analytic
Yes.i will take up your challenge. See what will happen so many hidden things under this bank .if it is named as bank it is not upto level .

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@chathura123 wrote:Yes.i will take up your challenge. See what will happen so many hidden things under this bank .if it is named as bank it is not upto level .
Good. Why don't you explain and expose the hidden things under this bank and why you feel its not up to level, which will be useful to the general public.

chathura123


Stock Analytic
Stock Analytic
Ohhh. Dear friends.
Then these reasons wont be useful to general public. If you are sympathiser of This company ,u keep ot up .
Mark my word this is another cifl .....??
CIFL

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
What other banks are in your hit list??? At least you have spared the Central Bank.

Teller

Teller
Moderator
Moderator
TKS finance licence was cancelled by central bank. They have to pay depositors same way Sinha Putha Finance got red alert from central bank. Remember Teller told 8 finance companies earlier. Be careful with your deposits.


_________________
Teller said is said..

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Dismal economic activity over the past four years has placed the finance sector in difficulty.

Teller

Teller
Moderator
Moderator
@sama..agree with you, economy policies must be changed especially agriculture based, high exports oriented with low imports economy.


_________________
Teller said is said..

NANDANA2012


Stock Analytic
Stock Analytic
Finance Company failures now have become a common occurrence in Sri Lanka. Very funny. How many poor people get caught ? But never been a Bank Collapsed.. So why not we stop having Finance Companies if the Govt cant regulate them properly ??

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Finance Companies do well when the economy is healthy & growing, b'cos people will be in a position to honour their commitments. Banks hold on to better quality collateral from borrowers in comparison to FCs. But what has happened is the Govt has screwed the economy and hence some Finance Companies are in trouble.

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