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

Display results as :
 


Rechercher Advanced Search

Latest topics
» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Today at 8:48 pm by ruwan326

» *කොට්ටේ තරණය කිරීම*
Today at 6:25 pm by Ethical Trader

» Thread for News on CSE and SL Economy
Today at 1:43 pm by The Invisible

» Thread for News on Local and Foreign Politics
Today at 1:39 pm by The Invisible

» Dividend Announcement
Yesterday at 7:36 pm by nihal123

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» Thread for News on International Markets
Wed Nov 14, 2018 7:56 am by The Invisible

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» අනං මනං! #/+?.<>
Mon Nov 12, 2018 7:57 pm by Yin-Yang

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

» HAYC - Haycarb
Fri Nov 09, 2018 10:30 am by The Invisible

» WATA - Watawala
Fri Nov 09, 2018 10:22 am by The Invisible

» AAIC.N0000
Fri Nov 09, 2018 10:10 am by The Invisible

» Asian markets rally as investors see positive in US gridlock
Fri Nov 09, 2018 8:02 am by serene

» CSE RISE , RIDING ETHICALLY
Wed Nov 07, 2018 5:53 am by pjrngroup

» Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
Tue Nov 06, 2018 6:38 pm by serene

» HHL.N0000 ( Hemas Holdings PLC)
Tue Nov 06, 2018 8:43 am by The Invisible

» Weldone Serene for 4000 + posts
Tue Nov 06, 2018 7:44 am by serene

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Tue Nov 06, 2018 7:36 am by serene

» Asiri Hospitals PLC - ASIR
Mon Nov 05, 2018 11:58 am by The Invisible

» Flying is the Safest mode of Transport
Sat Nov 03, 2018 8:44 am by කිත්සිරි ද සිල්වා

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Fri Nov 02, 2018 7:45 pm by Brave Heart

» What MOTTOs/PRINCIPLEs do YOU follow in LIFE ?
Thu Nov 01, 2018 4:14 pm by Seyon

» LDEV - Lankem Developments
Thu Nov 01, 2018 2:23 pm by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 01, 2018 12:43 pm by The Invisible

» MTD Walkers (KAPI)
Thu Nov 01, 2018 11:54 am by The Invisible

» SERV - The Kingsbury
Thu Nov 01, 2018 10:12 am by The Invisible

» LFIN - LB Finance
Thu Nov 01, 2018 10:03 am by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Thu Nov 01, 2018 9:56 am by The Invisible

» Sri Lanka jumps 11 places to 100th rank in World Bank’s Doing Business index
Thu Nov 01, 2018 9:52 am by The Invisible

» Banking Sector
Thu Nov 01, 2018 9:50 am by The Invisible

» All Share index crosses 6,000 points
Thu Nov 01, 2018 8:20 am by Brave Heart

» Asian Hotels and Properties September net down 48-pct
Thu Nov 01, 2018 8:17 am by Brave Heart

» Sri Lanka rupee weakens; stocks rally slows
Thu Nov 01, 2018 8:13 am by Brave Heart

» TJL.N0000 (Textured Jersey Lanka PLC.)
Wed Oct 31, 2018 7:27 pm by PANTOMATH

» Whats ailing Sri Lanka ? Why we are what we are!
Wed Oct 31, 2018 6:07 pm by Ethical Trader

» Sri Lankan rivals tempt defectors to swing crisis
Wed Oct 31, 2018 9:41 am by The Invisible

» Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise
Wed Oct 31, 2018 9:36 am by The Invisible

» Sri Lanka President could dissolve parliament if interim budget is defeated: Wijedasa
Wed Oct 31, 2018 9:34 am by The Invisible

» Sri Lanka political crisis hikes debt rollover risk: Fitch
Wed Oct 31, 2018 9:31 am by The Invisible

» Sri Lankan political standoff could threaten reforms: S&P Ratings
Wed Oct 31, 2018 9:29 am by The Invisible

» Giant pro-democracy rally in Sri Lanka capital
Wed Oct 31, 2018 9:27 am by The Invisible

November 2018
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
252627282930 

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

LFIN value

Page 1 of 2 1, 2  Next

Go down

LFIN value

Post by HAL9000 on Wed Nov 12, 2014 10:04 am

LFIN reported some staggering quarterly EPS of 8, I think it's already getting investors attention, I guess now the faire value is clearly above 200, this should trade above the price of CFIN. Im more interested in the holding company VONE now, which is already trading below it's NAV, and all its subsidiaries have done well, VONE also got rid of poorly performing Orit apperal recently. First it should break the IPO price Rs. 25.
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Re: LFIN value

Post by slstock on Wed Nov 12, 2014 10:17 am

Yes, LFIN is worth over Rs 200 as I mentioned as hint ( to break all time high). After NP sold is stake and gold issue prices came down.
Am not sure it should surpass CFIN due to asset value though.

VONE is attractive ( mentioned else where in the forum). They should get a re-rating as their other holding are performing well.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------
avatar
slstock
Veteran
Veteran

Posts : 5390
Join date : 2014-06-12

Back to top Go down

Re: LFIN value

Post by stocks hunter on Thu Nov 13, 2014 7:45 am

A company worth of Rs200 and over is trading below Rs180. This is a sure Rs20+ share. Can recommend to anybody without any fear.

Look at the directors purchasing. From June 2014 untill end of Oct2014 continuously they have purchased this share. That indicates this has a value over Rs200 as well.
avatar
stocks hunter
Top contributor
Top contributor

Posts : 1280
Join date : 2014-03-16

Back to top Go down

Re: LFIN value

Post by serene on Thu Nov 13, 2014 8:07 am

stocks hunter wrote:A company worth of Rs200 and over is trading below Rs180. This is a sure Rs20+ share. Can recommend to anybody without any fear.

Look at the directors purchasing. From June 2014 untill end of Oct2014 continuously they have purchased this share. That indicates this has a value over Rs200 as well.

cheers

serene
Top contributor
Top contributor

Posts : 4059
Join date : 2014-02-26

Back to top Go down

Re: LFIN value

Post by poor boy on Thu Nov 13, 2014 8:13 am

before end of this year it may go up beyond 200.in my opinion we can expect a good dividend too.

poor boy
Active Member
Active Member

Posts : 765
Join date : 2014-10-09

Back to top Go down

Re: LFIN value

Post by pathfinder on Sun Apr 26, 2015 9:54 am

Warming up with his younger brother
avatar
pathfinder
Top contributor
Top contributor

Posts : 1334
Join date : 2014-02-23
Age : 37

Back to top Go down

Re: LFIN value

Post by sashimaal on Sun Apr 26, 2015 10:28 am

It will warm up till its father - NP comes and takes it there.


pathfinder wrote:Warming up with his younger brother
avatar
sashimaal
Top contributor
Top contributor

Posts : 5691
Join date : 2014-02-28

Back to top Go down

Re: LFIN value

Post by HAL9000 on Sun Apr 26, 2015 7:02 pm

LFIN will report EPS over 30 and dividend of 7-8. Dividend date is around the corner. I think recent rate reduction will affect B&F companies positively in coming quarters.
Now loans getting cheaper and cheaper,
1.3 million Government servants,who belongs to middle income category, suddenly got 10 000 salary hike, coupled with reduced cost of living, electricity bills etc. Petrol/Diesel prices also slashed. Duty of small vehicles less than 1000 cc also slashed, stimulating most of them to become vehicle owners .  We will see new set of vehicle owners in coming 2 years. Expanding middle class-Good impact for the overall economy.

IMHO, it's releasable to assume Finance/leasing companies are in advantageous position. Finance stocks would be  winners for next few quarters since most banks already in fair value, while most Finance companies are still at P/E 6-8 which is very attractive.

Value others opinion, What would be the fair value P/E ratio for Finance stocks, If we assume P/B 2.0- 3.0 is fair for banking stocks ?
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Re: LFIN value

Post by smallville on Sun Apr 26, 2015 10:09 pm

No.. LFIN & CFIN cannot be valued alongside due to asset-base. However, LFIN seems to be warming up for a run.

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

_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
avatar
smallville
Top contributor
Top contributor

Posts : 1744
Join date : 2014-02-23
Location : Trying to figure out..

Back to top Go down

Re: LFIN value

Post by HAL9000 on Sun Apr 26, 2015 10:32 pm

Yes , I was telling P/E ratio for finance stocks and P/B ratio for banks. So what would be the fair value P/E for finance stocks.  I feel in this conducive environment PE ratio of 10 would be fair for stable large players like PLC, LFIN, CFIN etc.

In that case both LFIN and CFIN worth above 300, Specially LFIN is very attractive at current price.
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Re: LFIN value

Post by RunnerX on Sun Apr 26, 2015 11:55 pm

statictical data is only one thing for good share. there is lot of things other than to thos things, if ststictical data can say what is price increseing share in the future, then all the peoples are follow that share. and there is no losers. for example take the nestle, ctc, jkh, comb (biggest 4 companies of cse). compare and look their price movement and statictical data in last 10 years. then you can see what i am considering.


Last edited by RunnerX on Mon Apr 27, 2015 12:12 am; edited 1 time in total

RunnerX

Posts : 60
Join date : 2014-07-24

Back to top Go down

Re: LFIN value

Post by Future123 on Mon Apr 27, 2015 12:04 am

LFIN is trading at a PE of less than 6 times.
LFIN can report an EPS of Rs. 30. for 2014/15.

LFIN is the best finance company in terms of dividends. We can expect a 8/= dividend this time.

Future123
Active Member
Active Member

Posts : 1435
Join date : 2014-04-09

Back to top Go down

Re: LFIN value

Post by smallville on Mon Apr 27, 2015 8:16 am

HAL9000 wrote:Yes , I was telling P/E ratio for finance stocks and P/B ratio for banks. So what would be the fair value P/E for finance stocks.  I feel in this conducive environment PE ratio of 10 would be fair for stable large players like PLC, LFIN, CFIN etc.

In that case both LFIN and CFIN worth above 300, Specially LFIN is very attractive at current price.

Financial institutes or banks, both are in the similar business, therefore, PBV is the correct method of valuation. However, low PE also attracts investors compared with industry avg.

_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
avatar
smallville
Top contributor
Top contributor

Posts : 1744
Join date : 2014-02-23
Location : Trying to figure out..

Back to top Go down

Re: LFIN value

Post by wagonr on Fri May 01, 2015 5:22 pm

CFIN P/E around 5. I feel CFIN is move around 350 and LFIN 200
avatar
wagonr

Posts : 76
Join date : 2015-04-09

Back to top Go down

Re: LFIN value

Post by sashimaal on Fri May 01, 2015 6:44 pm

CFIN is a very good share - will take its time and move
avatar
sashimaal
Top contributor
Top contributor

Posts : 5691
Join date : 2014-02-28

Back to top Go down

Re: LFIN value

Post by wagonr on Mon May 04, 2015 9:00 am

Is it okay to enter LFIN @ current levels
avatar
wagonr

Posts : 76
Join date : 2015-04-09

Back to top Go down

Re: LFIN value

Post by HAL9000 on Mon May 11, 2015 6:05 pm

As expected LFIN has reported EPS of 31 for the past financial year. Last quarter aroun 9. NAV has gone up to 109. How we should revalue this now. Now it's look like a 270 + share. Coming quarters will show the real super performance, with massive spending, with low interest environment.
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Re: LFIN value

Post by RPPA on Mon May 11, 2015 6:11 pm

HAL9000 wrote:As expected LFIN has reported EPS of 31 for the past financial year. Last quarter aroun 9. NAV has gone up to 109. How we should revalue this now. Now it's look like a 270 + share. Coming quarters will show the real super performance,  with massive spending,  with low interest environment.

Here is 4th Qtr results for LFIN.No growth in this Qtr. But still great performance for 2014/15.

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

RPPA
Top contributor
Top contributor

Posts : 605
Join date : 2014-11-28

Back to top Go down

Re: LFIN value

Post by RunnerX on Mon May 11, 2015 6:35 pm

coming quarter they cannnot make performace according to this report. but they wil make another 500 mi profit. not bad, same position. also same with plc. but we dont no lolc, lofc, cocr cdb performance. there is fight for financial market shares (above all of companies try to increse vehicle lease rental, hire, etc side. it is make growth problem for plc, lfin and cfin).

RunnerX

Posts : 60
Join date : 2014-07-24

Back to top Go down

Re: LFIN value

Post by smallville on Mon May 11, 2015 7:16 pm

Though the revenues up in March quarter compared with 3.48 bil in 2014 to 3.81 bil in 2015, impairment charges have eaten up to the profits. 476 mil in 2015 March qtr compared to 115.9 mil in 2014 same qtr.
Adding insult to the injury other expenses have gone up to 338 million compared to 183.5 mil in 2014 and losses made in dealing with Government securities of 91 million is extra ordinary compared to 16.2 mil in 2014.

Despite a bad Q4, the year ended results show a commendable growth.
- The company reported a 9% growth in FY 2015 revenue of 14.79 bil compared to 13.63 bil in 2014.
- Interest income improved by 8% to 14.7 bil compared to 12.7 bil in 2014 and interest expenses have gone down by
17% to 5.9 billion.
- In FY 2015, LFIN recorded a 60% growth in profits to 2.17 bil compared with 1.36 bil in 2014.
- EPS stands at a staggering 31.51 compared to 19.35 inb 2014.
- Impairment losses went up extraordinary to 1.8 bil in 2015 compared to 570 mil in FY 2014.
- Gold load losses reduced by 84% to 214 mil compared with 1.37 bil in 2014.

NAV stands at 114.46 and the PBV is 1.53 which is less for a financial institute. Fair value based on 2X PBV is Rs. 229/-.

LFIN is liable to pay Super Gain Tax. The company has identified under the draft bill of parliament (approval pending) an amount of Rs. 484,230,584/- will have to be paid in three installments due on 15th of May, July and September 2015.
Equally divided, its 161.4 million each qtr.

The company also has 5 year bonds at 8.76%.

Can someone explain the rational of impairment losses pls?

_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
avatar
smallville
Top contributor
Top contributor

Posts : 1744
Join date : 2014-02-23
Location : Trying to figure out..

Back to top Go down

Re: LFIN value

Post by pathfinder on Mon May 11, 2015 7:22 pm

Thanks Small for analysis,you saved my time Very Happy
avatar
pathfinder
Top contributor
Top contributor

Posts : 1334
Join date : 2014-02-23
Age : 37

Back to top Go down

Re: LFIN value

Post by sashimaal on Mon May 11, 2015 7:23 pm

Thanks Small , +
avatar
sashimaal
Top contributor
Top contributor

Posts : 5691
Join date : 2014-02-28

Back to top Go down

Re: LFIN value

Post by xmart on Mon May 11, 2015 9:19 pm

Thanks small. +

Investopedia says,

Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the business' financial statements.

The technical definition of impairment loss is a decrease in net carrying value, the acquisition cost minus depreciation, of an asset that is greater than the future undisclosed cash flow of the same asset. An impairment occurs when assets are sold or abandoned because the company no longer expects them to benefit long-run operations. This is different from a write-down, though impairment losses often result in a tax deferral for the asset. Depending on the type of asset being impaired, stockholders of a publicly held company may also lose equity in their shares, which results in a lower debt-to-equity ratio.

anyway, super performance by both FINs it seems. market looks attractive. but i smell some correction on the way. do any of you?
avatar
xmart
Top contributor
Top contributor

Posts : 642
Join date : 2015-01-17

Back to top Go down

Re: LFIN value

Post by HAL9000 on Mon May 11, 2015 9:29 pm

xmart wrote:market looks attractive. but i smell some correction on the way. do any of you?

I smell the same, we'll see some movement with the counters releasing good performance, but pull back in subsequent days, we might get some opportunities.
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Re: LFIN value

Post by Future123 on Mon May 11, 2015 9:46 pm

A company which reported an EPS of 31/= trading at 175/=. LFIN needs to be trading at a decent price definitely than this. Current PE is just 5.6 times.

LFIN could have reported an EPS of over 12/= for the last quarter if the impairment losses could have been limited to 50% of present amount. Must take measures to minimize the staggering impairment loss which is almost same as quarterly profits.

LFIN EPS is almost 3 times more of CDB  and nearly 4 times of COCR. Somewhat closer to CFIN.

Why does LFIN has to pay 25 % Super Gain Tax? The PAT for 2013/14 is only Rs. 1.34 billion which is less than SGT liability of Rs. 2 billion. I think if the holding company reports over Rs. 2 billion then individual companies also taxed for SGT. This is very unfair as this would result in double taxation.

Similarly most of DP companies will be paying 25% Super gain taxes. Eg: PARQ, VFIN, LWL, RCL, LALU, ALUM, HAYL. Though the smaller companies make very small profits still liable to pay SGT due to group effect. Therefore, the dividends will be affected for the shareholders. The Government should think twice about this unfair super gain taxes which affects smaller companies and small time investors and their returns by the way of dividends.

Future123
Active Member
Active Member

Posts : 1435
Join date : 2014-04-09

Back to top Go down

Page 1 of 2 1, 2  Next

Back to top


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