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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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4 posters

    SFL.N0000 (Sinhaputhra Finance PLC)

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    yellow knife
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    SFL.N0000 (Sinhaputhra Finance PLC) Empty SFL.N0000 (Sinhaputhra Finance PLC)

    Post by yellow knife Thu Sep 22, 2016 3:43 pm

    This is a finance company where 25.65% of it belongs to Bimputh Finance PLC.

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    yellow knife
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    SFL.N0000 (Sinhaputhra Finance PLC) Empty Re: SFL.N0000 (Sinhaputhra Finance PLC)

    Post by yellow knife Thu Sep 22, 2016 3:45 pm

    Shares were subdivided in a proportion of 10 for 1 in 2015

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    yellow knife
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    SFL.N0000 (Sinhaputhra Finance PLC) Empty Re: SFL.N0000 (Sinhaputhra Finance PLC)

    Post by yellow knife Thu Sep 22, 2016 3:46 pm

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    Post by yellow knife Thu Sep 22, 2016 3:48 pm

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    Post by spw19721 Thu Sep 22, 2016 5:34 pm

    Thanks Yk, Do you have any idea about the sudden movement ?
    ruwan326
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    Post by ruwan326 Fri Nov 22, 2019 12:11 pm

    ඊයේ කළු සුද්දෝ එකතුකරනකොට මන් හිතුවා "ගොනා හැරෙන්නේ SFL එකට කියලා "

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    The Invisible
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    SFL.N0000 (Sinhaputhra Finance PLC) Empty Re: SFL.N0000 (Sinhaputhra Finance PLC)

    Post by The Invisible Thu Dec 05, 2019 9:26 pm

    Singhe Capital Investment buys control of Sri Lanka’s Sinhaputhra Finance



    ECONOMYNEXT- Singhe Capital Investment (Pvt) Ltd, an investment firm led by a consortium of individual investors had bought control of Sinhaputra Finance Limited with the intention of injecting fresh capital into the troubled finance company, persons familiar with the deal said.

    The sale was part of a capital infusion strategy that had been in negotiation for some time, a company official said.

    The deal was structured by NDB Investment Bank.

    Managing Director/Chief Executive Ravana Wijeyeratne was the seller, disposing his entire stake of 50.36 percent in Sinhaputhra Finance at 9.50 rupees a share in a negotiated deal.

    A mandatory offer is expected to made shortly to buy out minority shareholders according to Sri Lanka’s listing rules.

    Some of the investors in the consortium had also backed the purchase of City Finance, another small finance company, market sources said.

    The central bank had issued notice to cancel the license of Sinhaputhra Finance in July, and the company, along with the group of new investors had submitted plans for the capital infusion strategy in July and August, the firm said in its annual report.

    The central bank had accepted the strategy in September and decided not to proceed with the cancellation of license.

    The firm had said that the new investors would infuse another 2.23 billion rupees in stages through rights issues and internally generated eligible reserves.

    Sinhaputhra Finance accounts showed that it core capital adequacy ratio was 1.02 percent at end-September, down from 1.76 percent six months earlier, against a regulatory requirement of 7 percent.



    See Also


    Sri Lanka rupee closes weaker, bond yields stable



    Sri Lanka's Hambantota port sees more vehicle transshipment



    Ceylon Cold Stores drags down Sri Lanka stocks



    Sri Lanka scraps licences for transport of sand, clay and gravel



    Sri Lanka reduces foreign employment registration fees














    The capital adequacy ratio had eroded to 1.28 percent in September from 5.88 percent six months earlier against a required 11 percent.

    The firm had 24.48 percent in bad loans, up from 21.25 percent, while the non-banking finance industry average was 9.69 percent.

    Bad loans have been rising sharply among Sri Lankan banks and finance firms in the wake of two currency collapses in quick succession.

    Sinhaputhra Finance posted 12.6 million rupees in profits for the September quarter, up from 10.4 million rupees a year earlier, although the firm had 156.4 million rupees in retained losses. (Colombo/Dec04/2019)

      Current date/time is Tue Jul 23, 2024 12:11 pm