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

» PLAYERS PICK OF THE DAY
by sanjulanka Today at 12:38 pm

» Why AINV.N do not have selling pressure
by Miss-Sangeetha Today at 12:27 pm

» AINV.N0000
by sudeera1987 Today at 12:04 pm

» MARKET CRASH - GUARANTEED
by samaritan Today at 9:52 am

» Eighty three CSE companies trading below 50% of book value
by kalu351 Today at 6:39 am

» Though the CSE and RUPEE passing a bad time BFN Deal to go on
by kalu351 Today at 1:41 am

» DIVIDEND ANNOUNCEMENTS- AUG/SEPT
by ruwan326 Yesterday at 8:55 pm

» 2018SEP25 | Windows Vortexes Through The Hemorrhage
by ruwan326 Yesterday at 8:20 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 7:51 pm

» DOLLAR MOVING UP UP
by ruwan326 Yesterday at 7:20 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 7:14 pm

» Building a business
by Zen1 Yesterday at 4:55 pm

» Mahinda:Govt task is to manage Crises & not complain Trump strengthen US Economy
by DS Wijesinghe Yesterday at 1:49 pm

» Ranil: It is natural for foreign investors to pull their money from SL and invest in US
by ruwan326 Yesterday at 12:16 pm

» MTD WALKERS (KAPI.N) TO HIT 40 OR HIGHER
by DS Wijesinghe Yesterday at 10:36 am

» ඇඹිලිපිටිය කඩදාසි කම්හල යළි අරඹන්න කොරියන් ස්පා රු. මිලියන 1,200 ක් ආයෝජනය කරයි
by ruwan326 Yesterday at 8:44 am

» Bathbala Balaya...
by DS Wijesinghe Sun Sep 23, 2018 7:26 pm

» Are you happy now? ඔබට සතුටුයිද දැන් ?
by DS Wijesinghe Sun Sep 23, 2018 6:54 pm

» Central Bank will intervene if rupee moves on speculation – official
by Miss-Sangeetha Sun Sep 23, 2018 4:09 pm

» MAHINDA RAJAPAKSHA 'S FUTURISTIC LEADERSHIP PAYS RICH DIVIDENDS
by DS Wijesinghe Sun Sep 23, 2018 8:08 am

» CSE WEEKLY
by ruwan326 Sat Sep 22, 2018 7:02 pm

» රජයට කෘත්‍රිමව රුපියල පාලනය කළ හැකිද?
by samaritan Sat Sep 22, 2018 2:50 pm

» Maharaja from Rajasthan
by ruwan326 Sat Sep 22, 2018 9:29 am

» Weekly Stock Market Roundup
by Insights Equity Fri Sep 21, 2018 10:40 pm

» MARKET CRASH - NOT GUARANTEED
by DS Wijesinghe Fri Sep 21, 2018 10:17 pm

» Summary of Key Announcements during the week 10 August 2018
by ruwan326 Fri Sep 21, 2018 7:32 pm

» ඩොලරය රු. 170 යි
by samaritan Fri Sep 21, 2018 3:44 pm

» WHY SRI LANKAN CAN NOT DO THIS
by Chanuque Fri Sep 21, 2018 6:24 am

» Time has come to reverse 70 years history
by ruwan326 Thu Sep 20, 2018 7:22 pm

» Gold climbs as dollar weakens on U.S.-China trade dispute
by Miss-Sangeetha Thu Sep 20, 2018 3:39 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » ABANS FINANCE PLC IN DEEP TROUBLE DUE TO CEO AND COO?

ABANS FINANCE PLC IN DEEP TROUBLE DUE TO CEO AND COO?

Go down  Message [Page 1 of 1]

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
*Siyapatha Finance after-tax profit Rs. 498.86 Mn in 2017 , a growth of 52% (2016 - Rs. 327.28 Mn).
*The CEO (Roshan Nanayakkara) and COO (Aruna Fernando) joined Abans finance in March 2016.
*Abans Finance after-tax profit for 9 months Rs 77.68 MN in 2017 , decline of 34% ( 2016 - Rs 118.54 MN).- full years profit up to March 2017 -Rs 136.56 Mn.
*Who should take the responsibility for debacle and wrongful trading at Abans Finance?
1) Roshan who doesn't come out of his cubicle and involve in any business activities or
2)Aruna who is involved in harassment of female staff or
3)staff of Yorkstreet Partners who make decisions and Abans Finance?
*The share which was trading @ Rs 69.90 has dropped to Rs 21.00 much below the mandatory offer price of Rs 25.00.

EquityChamp

avatar
Moderator
Better to give us the source link as well without only the allegation.

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
@EquityChamp wrote:Better to give us the source link as well without only the allegation.

Source- stock exchange reports on profits and share prices. Refer Sunday Observer of 26th March 2018 and abans finance staff.

EquityChamp

avatar
Moderator
@fortuneteller wrote:
@EquityChamp wrote:Better to give us the source link as well without only the allegation.

Source- stock exchange reports on profits and share prices. Refer Sunday Observer of 26th March 2018 and abans finance staff.
So now we need to contact staff to verify your post. Don't you think that people have other important stuff to attend. lol!

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
*Siyapatha Finance after-tax profit Rs. 498.86 Mn in 2017 , a growth of 52% (2016 - Rs. 327.28 Mn).(source-Sunday Observer dated 26th March 2018- profits as at 31st December 2017.)
*The CEO (Roshan Nanayakkara) and COO (Aruna Fernando) joined Abans finance in March 2016.(source-stock exchange filing and CBSL  records)
*Abans Finance after-tax profit for 9 months Rs 77.68 MN in 2017 , decline of 34% ( 2016 - Rs 118.54 MN).- full years profit up to March 2017 -Rs 136.56 Mn.).(source-stock exchange filing of accounts of Abans Finance as at 31st December 2017.)
*Who should take the responsibility for debacle and wrongful trading at Abans Finance?
1) Roshan who doesn't come out of his cubicle and involve in any business activities or
2)Aruna who is involved in harassment of female staff (source - Achchala Nanayakara and Department of Labour )or
3)staff of Yorkstreet Partners who make decisions and Abans Finance?(source - CBSL audit report)
*The share which was trading @ Rs 69.90 has dropped to Rs 21.00 much below the mandatory offer price of Rs 25.00.(Stock exchange trading data.)

Back to top  Message [Page 1 of 1]

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