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Sri Lanka Equity Forum » Stock Market Talk » CAUTION - ABANS FINANCE PLC IN DEEP TROUBLE?

CAUTION - ABANS FINANCE PLC IN DEEP TROUBLE?

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1 CAUTION - ABANS FINANCE PLC IN DEEP TROUBLE? on Mon Sep 18, 2017 9:18 am

Wimal Modawansa

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Abans group Audit committee chairman/Director Hiran Embul Pesta bought  Abans Finance PLC with huge infusion of capital defrauding minority share holders at deeply discounted price.
Abans Finance suffered decline in business volumes and deep decline in profits due to increase in bad loans.
Managing Director resigned and Chief Operating Officer was ordered to resign due to high bad loans.
Advertisement appeared yesterday to fill the vacancy of Chief Financial Officer.

Are the deposits safe with Abans Finance PLC.

Shareholders be cautious and exit early.

Nuwan Samarawickrama


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What a Face What a Face What a Face What a Face What a Face What a Face What a Face What a Face What a Face What a Face
someone need to buy quantities

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
sometimes critics appear to be extremely individual's view or in biased manner.

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