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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
CFVF - First Capital - Page 10 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
CFVF - First Capital - Page 10 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
CFVF - First Capital - Page 10 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
CFVF - First Capital - Page 10 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
CFVF - First Capital - Page 10 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
CFVF - First Capital - Page 10 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
CFVF - First Capital - Page 10 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
CFVF - First Capital - Page 10 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
CFVF - First Capital - Page 10 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
CFVF - First Capital - Page 10 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
CFVF - First Capital - Page 10 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
CFVF - First Capital - Page 10 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
CFVF - First Capital - Page 10 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
CFVF - First Capital - Page 10 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
CFVF - First Capital - Page 10 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
CFVF - First Capital - Page 10 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
CFVF - First Capital - Page 10 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
CFVF - First Capital - Page 10 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
CFVF - First Capital - Page 10 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
CFVF - First Capital - Page 10 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
CFVF - First Capital - Page 10 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
CFVF - First Capital - Page 10 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
CFVF - First Capital - Page 10 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
CFVF - First Capital - Page 10 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
CFVF - First Capital - Page 10 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
CFVF - First Capital - Page 10 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
CFVF - First Capital - Page 10 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
CFVF - First Capital - Page 10 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
CFVF - First Capital - Page 10 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
CFVF - First Capital - Page 10 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
CFVF - First Capital - Page 10 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
CFVF - First Capital - Page 10 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
CFVF - First Capital - Page 10 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
CFVF - First Capital - Page 10 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
CFVF - First Capital - Page 10 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
CFVF - First Capital - Page 10 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
CFVF - First Capital - Page 10 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
CFVF - First Capital - Page 10 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
CFVF - First Capital - Page 10 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
CFVF - First Capital - Page 10 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
CFVF - First Capital - Page 10 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
CFVF - First Capital - Page 10 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
CFVF - First Capital - Page 10 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
CFVF - First Capital - Page 10 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
CFVF - First Capital - Page 10 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
CFVF - First Capital - Page 10 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
CFVF - First Capital - Page 10 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
CFVF - First Capital - Page 10 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
CFVF - First Capital - Page 10 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
CFVF - First Capital - Page 10 EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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+35
nesta
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CK
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කිත්සිරි ද සිල්වා
PANTOMATH
The Invisible
WARREN BSL
Future123
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Leon
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slstock
Ethical Trader
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39 posters

    CFVF - First Capital

    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by pathfinder Tue Nov 05, 2019 5:33 pm

    I bumped the thread at right time for members to enter when it trading at 25 also gave a fair warning when it pass 40.

    ET- I don't recommend CFVF as a LT investment.It's a cyclical share,better to ride the waves rather than holding long.
    Ethical Trader
    Ethical Trader
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    Posts : 5568
    Join date : 2014-02-28

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by Ethical Trader Wed Nov 06, 2019 10:37 am

    Agree with you totally. Now that Treasury Bond business is under complete surveillance (& free of crooks) by concerned authorities after the CB bond scam, CFVF will be able to thrive in that area. Hence, their performance cant be bad in the future. Who knows whether the intended buyer is connected to famous Bondmen?
    slstock wrote:
    Ethical Trader wrote:Thanks for the detailed comment.I was contemplating in adding some more to my portfolio at current prices as the last interim dividend of Rs:4/= was almost 10% at the current price level. I will do so if the price comes down a little bit more  than now.


    ET, if you are keeping this long term for dividends, just remember  the time
    when it went below Rs 20 and paid no dividends. They can pay dividends
    when they earn good profit only right ?  After that .. ?
    Ethical Trader
    Ethical Trader
    Top contributor
    Top contributor


    Posts : 5568
    Join date : 2014-02-28

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by Ethical Trader Wed Nov 06, 2019 10:38 am

    Thanks Path.
    pathfinder wrote:I bumped the thread at right time for members to enter when it trading at 25 also gave a fair warning when it pass 40.

    ET- I don't recommend CFVF as a LT investment.It's a cyclical share,better to ride the waves rather than holding long.
    hammurabi
    hammurabi


    Posts : 87
    Join date : 2019-03-17
    Location : Colombo

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by hammurabi Fri Nov 08, 2019 8:36 pm

    Hopefully there will be another dividend by January
    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by The Invisible Fri Jun 19, 2020 12:20 pm

    Anyone of you are looking @ CFVF? If you refer to the equity, bond & forex update thread of me you can find some positives there that will have on CFVF. The latest reduction of rates now has given more opportunities for them to increase profits. At the moment we are seeing a good demand after a long time.
    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by The Invisible Mon Jun 22, 2020 1:02 pm

    CFVF has reached 44/- with better than average trading volumes. Anyone who has this share better to hold for another few more days.

    mymoney and NIRMALSG like this post

    HUNTER
    HUNTER
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    Posts : 1935
    Join date : 2014-07-14

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by HUNTER Tue Jun 23, 2020 9:57 pm

    The Invisible wrote:CFVF has reached 44/- with better than average trading volumes. Anyone who has this share better to hold for another few more days.

    From 'Swing trading' perspective, I would buy below 40/- and sell above 50/-
    and hold in between.

    Swing range will vary with the central bank interest rate announcements: Lower the higher, higher the lower.
    Laughing Laughing Laughing

    mymoney and NIRMALSG like this post

    The Invisible
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    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by The Invisible Thu Jun 25, 2020 2:29 pm

    Since no one has posted I would like to produce below facts for your information.

    CFVF has achieved its latest 52week high of 56.70 on 17th September last year. In that quarter they have made 213mn profits. Below are the opening and closing TBill rates for that quarter.

    91 day TBill 8.24 and 7.62
    182 day TBill 8.49 and 7.75
    364 day TBill 8.70 and 8.41

    TBill rates as of 19th June are as follows
    91 day 6.30
    182 day 6.30
    364 day 6.62

    All are significantly lower than the once seen in 2019.

    At the beginning of the year the following were the rates for above TBills.
    91 day - 7.50
    182 day - 8.13
    364 day - 8.52

    So the reduction in this year so far is far greater than the reduction saw in Q3 last year where CFVF ran ti its 52 weeks high.

    I think better you do ur math now for the results of Q1 & Q2 2020.

    Leon, Rajapaksap and HUNTER like this post

    HUNTER
    HUNTER
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    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by HUNTER Thu Jun 25, 2020 2:44 pm

    Traders and Investors have different mind sets; usually very opposite ones.
    In fact, in my view, they should have different mindsets to perform in the market.

    Investors look at the business performance and make decisions.
    Traders look at the market price movements and make decisions.
    That will make both perform and happy.

    If you try to do the other way around; i.e.
    Investors making decisions based on market movement and traders making decisions based on company business performances, usually, both will face disasters.

    Usually traders should not be rational and; should not think that market price would behave proportional to the quarterly profits.
    But investors might.

    කිත්සිරි ද සිල්වා, Leon and Senarath67 like this post

    The Invisible
    The Invisible


    Posts : 3116
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    Age : 44

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by The Invisible Sat Jun 27, 2020 5:08 pm

    HUNTER wrote:Traders and Investors have different mind sets; usually very opposite ones.
    In fact, in my view, they should have different mindsets to perform in the market.

    Investors look at the business performance and make decisions.
    Traders look at the market price movements and make decisions.
    That will make both perform and happy.

    If you try to do the other way around; i.e.
    Investors making decisions based on market movement and traders making decisions based on company business performances, usually, both will face disasters.

    Usually traders should not be rational and; should not think that market price would behave proportional to the quarterly profits.
    But investors might.

    We can get a hint of the expected profit for Q1 & Q2 2020 based on the behavior of the market interest rates. And the stock price reaction reflects what that profit figure will be. Investors estimate this profit number and derive the future share price while traders look at the market momentum created by profit speculation and set their trading strategies.

    HUNTER likes this post

    HUNTER
    HUNTER
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    Posts : 1935
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    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by HUNTER Sat Jun 27, 2020 10:22 pm

    The Invisible wrote:
    HUNTER wrote:Traders and Investors have different mind sets; usually very opposite ones.
    In fact, in my view, they should have different mindsets to perform in the market.

    Investors look at the business performance and make decisions.
    Traders look at the market price movements and make decisions.
    That will make both perform and happy.

    If you try to do the other way around; i.e.
    Investors making decisions based on market movement and traders making decisions based on company business performances, usually, both will face disasters.

    Usually traders should not be rational and; should not think that market price would behave proportional to the quarterly profits.
    But investors might.

    We can get a hint of the expected profit for Q1 & Q2 2020 based on the behavior of the market interest rates. And the stock price reaction reflects what that profit figure will be. Investors estimate this profit number and derive the future share price while traders look at the market momentum created by profit speculation and set their trading strategies.

    That's a very reasonable and rational explanation of why and how the share prices move. 'Expected profits' is one of the most significant reasons behind the price movement of an associated share.

    However, based on my experience, Investors, speculators and traders need to look at the whole scenario from different angles.

    In my view, it's relatively OK for an investor or a speculator to calculate the expected market price based on expected future profits. In fact, I have personally done it for many years.

    However, when it comes to a trader, he should not be too obsessed with company profits to make decision on his target levels. The market momentum will almost always, shoot the price well above the reasonable fair value in a bull run. Hence, holding on to a calculated fair value will be very counter productive for a trader, since he might miss the 'overshoot'.

    (To be) Successful trader should not be too focused on any specific, razor sharp execution of a single trade; rather he should reap the advantages of a probabilistic and statistical advantage of a long term strategy.

    Leon and kavi84 like this post

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by The Invisible Thu Aug 13, 2020 9:39 pm

    First Capital records PAT of Rs. 1.07bn in 19/20 amidst challenging market conditions

    First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, recorded a Consolidated Profit after Tax of LKR 1.07Bn for the year 2019/20, amidst negative headwinds that saw Sri Lanka, reporting subpar economic growth for the third consecutive year. The results show a significant growth compared to LKR 8Mn in the previous year. First Capital, with an impressive history of over 35 years, has total assets of LKR 45.6Bn and Equity in excess of LKR 4Bn.

    The Group recorded a Total Comprehensive Income of LKR 1.04Bn for the year, a significant increase from Comprehensive Loss of LKR 20Mn recorded in 2018/19.

    “Our ability to deliver impressive results even in tough times, is a testament to the Group’s robust operating model. I am convinced that the ongoing emphasis placed on strengthening each of our core businesses and firming up their positions within their immediate operating domain, has been a critical success factor for the Group”, commented Chairman, First Capital Holdings PLC, Nishan Fernando.

    The Group’s Primary Dealer contributed LKR 1.2Bn (2018/19 – LKR 96Mn) Profit after Tax for the year, claiming a substantial volume-based market share in both the primary auctions as well as in the secondary market during the financial year.

    Capitalising on the potential in the listed and unlisted debt market, the Corporate Finance division mobilised LKR 42Bn for its clients through structuring and placement of corporate debt securities, generating a fee income of LKR 175Mn (2018/19 – LKR 69Mn).

    The Wealth Management division of the Group, made remarkable progress to deliver its best financial results to date, reporting a fee income of LKR 64Mn (2018/19 – LKR 33Mn). The division showed a significant growth in its assets under management to end with LKR 26.4Bn as at 31st March 2020 (31st March 2019 – LKR 5.9Bn).

    Furthermore, the Company’s benchmark unit trust, the First Capital Money Market Fund was the best-performing unit trust fund in the country in 2019/20.

    The Group’s Stock Brokering unit also recorded revenue of LKR 71Mn for the year 2019/20 (2018/19 – LKR 53Mn).

    “While the last 12 months have been challenging for many local businesses, several aspects of our immediate operating environment worked in our favour; we are looking ahead and focusing our efforts on improving efficiency across all businesses to deliver enhanced results to our valued stakeholders’, commented Director/Chief Executive Officer, First Capital Holdings PLC, Dilshan Wirasekara.

    The Group’s [SL]A- credit rating was reaffirmed by ICRA Lanka Limited, reconfirming the stability of the Group. First Capital Holdings PLC paid a total dividend of LKR 9 per share for 2019/20 totaling to LKR 911Mn.

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    Rajapaksap


    Posts : 155
    Join date : 2014-04-14

    CFVF - First Capital - Page 10 Empty Re: CFVF - First Capital

    Post by Rajapaksap Tue Aug 18, 2020 12:22 am

    CFVF is Fantastic. Q1 2020 EPS Rs.13.65. The highest in recent years. Rs. 63.00, the price today is also the highest in the last 10 years. Dividends 2019 Aug. Rs. 4.00 and 2020 May Rs.5.00 for the financial year 2019/2020. Hope higher dividend in 2020/2021 financial year.
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    Wonderer


    Posts : 18
    Join date : 2020-08-10

    CFVF - First Capital - Page 10 Empty Slightly good news for CFVF?

    Post by Wonderer Wed Sep 09, 2020 9:42 pm

    Rates of the auction today

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