The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
AMF.N0000 EmptyYesterday at 8:59 pm by Backstage

» HASU.N0000 (HNB ASSURANCE PLC)
AMF.N0000 EmptyYesterday at 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
AMF.N0000 EmptyYesterday at 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
AMF.N0000 EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» Thread for News on CSE and SL Economy
AMF.N0000 EmptyTue Apr 16, 2019 6:52 pm by NIRMALSG

» Dividend Announcement
AMF.N0000 EmptySat Apr 13, 2019 10:53 pm by nihal123

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
AMF.N0000 EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
AMF.N0000 EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
AMF.N0000 EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» Thread for News on Local and Foreign Politics
AMF.N0000 EmptyTue Apr 09, 2019 11:25 am by Ethical Trader

» අනං මනං! #/+?.<>
AMF.N0000 EmptyMon Apr 08, 2019 7:23 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
AMF.N0000 EmptyMon Apr 08, 2019 6:07 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
AMF.N0000 EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
AMF.N0000 EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
AMF.N0000 EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
AMF.N0000 EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
AMF.N0000 EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
AMF.N0000 EmptyFri Apr 05, 2019 12:36 pm by Ethical Trader

» Micro Finance
AMF.N0000 EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
AMF.N0000 EmptyFri Apr 05, 2019 7:40 am by serene

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
AMF.N0000 EmptyThu Apr 04, 2019 6:53 pm by NIRMALSG

» PLC.N0000 ( People's Leasing and Fiance PLC)
AMF.N0000 EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
AMF.N0000 EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
AMF.N0000 EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
AMF.N0000 EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
AMF.N0000 EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
AMF.N0000 EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
AMF.N0000 EmptyTue Apr 02, 2019 11:11 am by Backstage

» Plantation sector updates
AMF.N0000 EmptyMon Apr 01, 2019 2:13 pm by nihal123

» What to Analyse
AMF.N0000 EmptyMon Apr 01, 2019 8:00 am by yellow knife

» MTD WALKERS - KAPI
AMF.N0000 EmptyMon Apr 01, 2019 5:01 am by NIRMALSG

» VONE.N0000 (VALLIBEL ONE PLC)
AMF.N0000 EmptySun Mar 31, 2019 6:09 pm by lanka

» In the Meantime, Within Our Shores !
AMF.N0000 EmptySun Mar 31, 2019 11:22 am by කිත්සිරි ද සිල්වා

» PB. N0000 (People's Bank)
AMF.N0000 EmptyFri Mar 29, 2019 5:33 pm by yellow knife

» Obituary Notice.
AMF.N0000 EmptyFri Mar 29, 2019 5:07 pm by කිත්සිරි ද සිල්වා

» Happy Birthday
AMF.N0000 EmptyFri Mar 29, 2019 9:58 am by Backstage

» Re: Financial reports Q1-2019
AMF.N0000 EmptyFri Mar 29, 2019 7:45 am by serene

» Save Wilpattu !
AMF.N0000 EmptyThu Mar 28, 2019 1:58 pm by puliyanam

» Help him Today, so he can help another Tomorrow
AMF.N0000 EmptyThu Mar 28, 2019 7:49 am by serene

» HNB.N0000 ( Hatton National Bank PLC)
AMF.N0000 EmptyTue Mar 26, 2019 6:18 am by pjrngroup

» අපිට විතරද පායන්නේ ?
AMF.N0000 EmptyMon Mar 25, 2019 9:06 pm by malanp

» Tourism sector
AMF.N0000 EmptyMon Mar 25, 2019 5:47 pm by NIRMALSG

» Oman's Oil and Gas Minister Dr. Al Ruhmy arrives in Lanka.
AMF.N0000 EmptySun Mar 24, 2019 12:11 pm by Ethical Trader

» රෝගීන් වෙනුවෙන් කැප වන සෞඛ්‍ය සේවාවක් වෙනුවෙන්.....
AMF.N0000 EmptyTue Mar 19, 2019 9:34 am by AjithR

» JEWS OF SRI LANKA: AN UNTOLD STORY
AMF.N0000 EmptyTue Mar 19, 2019 9:22 am by කිත්සිරි ද සිල්වා

» How Small We are in the universe
AMF.N0000 EmptyTue Mar 19, 2019 7:29 am by nihal123

» ඉස්සරහට අපි පරදින එකනම් ෂුවර් – ධම්මික ක්‍රිකට් ගැන කතා කරයි
AMF.N0000 EmptyFri Mar 15, 2019 2:59 pm by nuwanmja

» HAYL.N0000 Hayleys PLC
AMF.N0000 EmptyThu Mar 14, 2019 2:46 pm by yellow knife

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
AMF.N0000 EmptySun Mar 10, 2019 8:36 pm by NIRMALSG

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
AMF.N0000 EmptySun Mar 10, 2019 6:40 am by ruwan326

April 2019
SunMonTueWedThuFriSat
 123456
78910111213
14151617181920
21222324252627
282930    

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

AMF.N0000

Go down

AMF.N0000 Empty AMF.N0000

Post by serene on Mon Jan 14, 2019 9:29 pm

ASSOCIATED MOTOR FINANCE COMPANY PLC (AMF.N0000)

Holds 94.02% that of  6,992,610 shares of  ARPICO FINANCE COMPANY PLC
(ARPI.N0000).

As per the Announcement made on 12 July 2018   AMF will be cease to exist from CSE and they expect to complete the Legal merger by November 2019.

AMF share holders will issue ARPI.N000 shares by way of private Placement.

Net Asset share of AMF as per the September interim results is Rs.414.39.

Performance of Last 4 quarters (EPS )  17.00 25.00 21.00 17.00
Trailing EPS = Rs.80/=  / PE = 5

Dividends = Non in 2018 / Paid Rs12.50 in 2017.


The question is How Many shares of ARPI.N000 will be issued for One share of AMF.N0000 and when would this amalgamation be completed.

Also we should note that ARPI.N000 is one of the Companies which shows Consistent Top line and Bottom line growth Past few Quarters and its Share Price does not equitably reflect its performance.

serene
Top contributor
Top contributor

Posts : 4298
Join date : 2014-02-26

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by කිත්සිරි ද සිල්වා on Tue Jan 15, 2019 8:08 am

Thanks.

_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 7739
Join date : 2014-02-23
Age : 61
Location : රජ්ගම

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by PANTOMATH on Tue Jan 15, 2019 10:15 am

Thanks Serene for bringing these type of shares for discussions.

If you look at figures of ARPI it's way cheaper than most of the Fincos.ARPI currently trading about PE of 3 with around 50% YoY growth.PBV is 0.65,At current price DY is about 4% with YoY dividened growth.
Only problem I see in ARPI is it's very illiquid,I think after the merger that issue will be solved and ARPI will get it's due value.

On the other hand at current price AMF is over valued compared to ARPI.If someone wants to go with, I prefer ARPI above AMF ATM.
PANTOMATH
PANTOMATH

Posts : 203
Join date : 2018-10-15

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by serene on Tue Jan 15, 2019 1:01 pm

True Mate.
This is interesting scenario.
AMF net asset value is 414 at end of last quarter.
Will see what it's value at the December 31st.
Interesting to see what is their valuation of AMF for amalgamation.
Getting ARPI  shares is better than keeping AMF.
Also this might increase liquidity of ARPI which is one of the hindrance of ARPI share price movement.

serene
Top contributor
Top contributor

Posts : 4298
Join date : 2014-02-26

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by serene on Wed Jan 16, 2019 11:23 am

AMF Order Book Cleared for the Second Consecutive day and ARPI also reactivated.

serene
Top contributor
Top contributor

Posts : 4298
Join date : 2014-02-26

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by serene on Fri Jan 18, 2019 7:59 am

Order book cleared for 3 rd Consecutive day to R.750/= and finally close at Rs.720/=. While ARPI also reaching to Rs.195/=.

Then the usual SEC   inquiry. Very Happy

[You must be registered and logged in to see this link.]

It can be manipulated easily as very Low liquidity.

But the run has definitely something to do with the propose amalgamation.

Both ARPI and AMF move in tandem is quite interesting as when they determine the Number of ARPI shares which are to be given to AMF share holders, prices of ARPI and AMF both have to be considered.

serene
Top contributor
Top contributor

Posts : 4298
Join date : 2014-02-26

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by serene on Fri Jan 18, 2019 8:34 am

When digging this further so many interesting things come to surface.

When PLC acquired Seylan Merchan Leasing (SMLL).PLC shares given to SMLL share holders.
Peoples bank bought PLC shares as they didn't want to dilute their position after the amalgamation.
Is the same thing happen in ARPI and AMF.Is this the reason for high volume of ARPI last  few days.
But then when you see the ARPI top 20. AMF comes 1st with 94.02% and AMF Imperial Import & Export Co. (Pvt) Ltd 43.19% & Mr. John Paulu Irugalbandarage Nalatha Dayawansa  42.35%.

Like to see some expert opinion on this. Question Idea

serene
Top contributor
Top contributor

Posts : 4298
Join date : 2014-02-26

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by PANTOMATH on Wed Jan 30, 2019 8:24 pm

Hit the sky of 750 with thin volume and returned home. Mad
PANTOMATH
PANTOMATH

Posts : 203
Join date : 2018-10-15

Back to top Go down

AMF.N0000 Empty Re: AMF.N0000

Post by serene on Thu Jan 31, 2019 6:56 am

PANTOMATH wrote:Hit the sky of 750 with thin volume and returned home. Mad

Hmm..Couldn't got out at 750.
Nevertheless hope AMF share holders treat fairly when ARPI shares are given.

serene
Top contributor
Top contributor

Posts : 4298
Join date : 2014-02-26

Back to top Go down

Back to top


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