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PLC.N0000 ( People's Leasing and Fiance PLC)

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PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:20 pm

This company started as a fully owned subsidiary of People's Bank to cater into Indian Lien of Credit to lease Ashok Leyland buses.

Company had a perfect change in three phases.. Once as a private limited liability company , next as a limited liability and next as a listed company.

The information provided after 2011 is important for investors as IPO came in 2011. Unfortunately timing of IPO was not perfect. It was the aftermath of CSE bubble thus the share which came to market at 18 fell down continuously until 11.

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:22 pm

When compared with Central Finance there is a clear winning edge for the company since 2011

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:22 pm

EPS curve also confirm this clear change of PLC since 2011

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:24 pm

PAT also confirm the same drastic change since 2011

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:25 pm

Revenue is above 20 billion mark

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:26 pm

Revenue growth of CFIN was a steady line but PLC has improved substantially after 2011

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:28 pm

Before 2010 revenue of both PLC and CFIN was more closely knit

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:29 pm

PE ratio of the company was often attractive until foreign buying started towards the company. Most of the time its top twenty list is without individual investors and purely by institutional investors..

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:30 pm

The spread between highest price and lowest price during a specific period ( for an year) was high enough to attract traders as well.

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:31 pm

PLC.N is also attractive to dividend hunters

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:35 pm

Following causes can be identified as causes behind sudden positive change since 2011

1. IPO which generated zero cost funds of Rs 8 Billion or the second highest IPO in Sri Lanka

2. Company was geared to grab the opportunity of sudden increase of vehicle registration

3. Company is not into land, gold and many other financial activities where other NBFIs into..

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:39 pm

As mentioned in NBFI thread its Fitch rating Lanka PLC rating confirms the sound financial situation of the company

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:41 pm

NBFI sector maintain sound capital adequacy ratios and PLC and CIFN situation is shown below..

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:48 pm

NPL ratio of PLC is proving the quality credit and it stood 25% up compared to last year but form the industry standard its one of the best.

PLC's NPL ratio for 2015 is 2.72% when the industry (NBFI) rate is 6.9%.

CFIN's NPL ratio for 2015 has risen by 36% to reach 4.53%.

Sector-wise NPL has risen by 20% for the financial year ending March 2015

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 6:01 pm

Page 23 of 2015 annual report reveal

" People's Insurance prepares to meet the imminent transition withing the changing regulatory framework. the propose listing on the Colombo Stock Exchange is scheduled to take off by the end of 2015 and the risk based capital model will be implemented by 2016 as a mandate requirement."

PLC.N own Fleet Management, Micro Fiance, Property and Insurance as subsidiaries. Listing of People's Insurance which is ranking number 5th of non-life insurance for the third consecutive  year, will make the performance  attractive further.

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 6:07 pm

PLC has been increasing the number of branches in 2013 drastically and the results is yet to be seen.

One concept of marketing is the moment supplier increase the availability ( no of branches) and affordability ( less rates, leasing for registered vehicles, etc) its revenue goes up

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 6:10 pm

No of employees has been rising in a steady rate

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 6:15 pm

For the first time I came across of calculating profit per employee in this company's annual report and that value is maintained around 3 Million

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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by HUNTER on Mon Aug 31, 2015 6:44 pm

Brilliant YK +

Profit per employee looks interesting.
Probably a good indicator to judge some government managed businesses.
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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by chutiputha on Mon Aug 31, 2015 6:48 pm

Thank U YK Sir...+++
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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by pathfinder on Mon Aug 31, 2015 7:22 pm

Good one YK very informative.+ from me Very Happy
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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by nihal123 on Mon Aug 31, 2015 8:10 pm

Thanks YK +
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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by Hybrid on Mon Aug 31, 2015 9:42 pm

This company is doing well and has also taperred down its interest rates on deposits. As YK quite correctly mentioned, the financials are improving QOQ and the trend continues.

this share is worth for the LT holding and could make a massive capital gain if one is patient.




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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by Backstage on Mon Aug 31, 2015 10:00 pm

Hybrid wrote:This company is doing well and has also taperred down its interest rates on deposits. As YK quite correctly mentioned, the financials are improving QOQ and the trend continues.

this share is worth for the LT holding and could make a massive capital gain if one is patient.





May I add, a strong parent in PB and a dividend hungry one to boot.
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Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by kass on Tue Sep 01, 2015 10:49 pm

Thsnks YK. PLC is the market leader in leasing I guess. good company for long term players
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