- slstockVeteran
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Re: VFIN - where the journey leads it?
Found some saved comments I made on VFIN many years ago :
Fun to read now.
-------------------------------
Date : May 2013
VFIN price then : Rs 32 !!
slstock wrote:
First take a look at the report
http://www.cse.lk/cmt/upload_report_file/949_1369741250951.pdf
EPS 7.04 . YoY growth 22% under a difficult year
Current PE is around 4.5
NAV is 22.5
VFIN has been a growing very rapidly.
Their Capital requirement ratios are a bit worrying but this seems to be sign of a very aggressive company.
Is is still in a primary stage but is it going in the foot steps of LFIN ? ( still not sure why DP needs LFIN and VFIN)
Their branch expansion are happening and decent Dividend of Rs 1.25 - 1.5 possible soon.
Seems to be a worthy investment for the agressive or not? What are you views.
-----------------------------------------------------
Date : Nov 25 2013
VFIN price then : Rs 30.1 !!
slstock wrote:
those who silently watch and act during these "dull" time might get rewarded handsomely in the future.
I see 3 shares on my watch gaining more interest than usual. VFIN is 1 of them. The other one I talked about already. Some huge orders appear and dissapear ( but without filling )
The 3rd.. is not a "big" share in anyway .
-----------------------------------------------------
Jul 10, 2014
VFIN price : Rs 35
slstock wrote:
CRL has potential to grow fast as their branch network is still less. But right not I think VFIN is going to grow faster.
-------------------------------------------------------
2015
slstock wrote:
Update on Feb 16th VFIN:
Is VFIN getting ready for a run ? Compared to COCR this is worth clearly over Rs 60. Now at Rs 49. If it does LFIN can also run.
---------------------------------------------------------
Am sure if I dig more I can find better/more detailed analytical posts
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- GroundedKestrel
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Re: VFIN - where the journey leads it?

- Future123Active Member
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Re: VFIN - where the journey leads it?
- First Guy
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Re: VFIN - where the journey leads it?
- BackstageTop contributor
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Re: VFIN - where the journey leads it?
- GroundedKestrel
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Re: VFIN - where the journey leads it?
- slstockVeteran
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Re: VFIN - where the journey leads it?
But, its good there is a VFIN ( company) separate from LFIN

GroundedKestrel wrote:Slstock, I am curious as to if you have you found the answer to your own question above? " still not sure why DP needs LFIN and VFIN?"
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- GroundedKestrel
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Re: VFIN - where the journey leads it?

https://www.youtube.com/watch?v=6VU5HsqHdyw
Hmmm.. you pose an interesting question Slstock. So far the only differences that i can tell (i have not studied LFIN) is that LFIN is more urban-centric whilst VFIN is targeted more towards the middle class. What about their gold portfolios?
I need to think more on this..
- Future123Active Member
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Re: VFIN - where the journey leads it?
GK, when you said first ad from VFIN I was excited to see it. I guess VFIN has not done any TV advertising before. I asked myself many times why they don't advertise on electronic media and my answer was that they are still too small in terms of number of branches. They should open at least another 10 branches for the advertisement to reach the Island.
Therefore, they should slowly increase the number of branches and make a profit of at least Rs. 150 million a quarter may be in a years time. For the time being I'm very happy about their growth in terms of number of branches and profit growth. If they can maintain the profit growth of 20% to 30% a year then sure VFIN will rock in the future.
- First Guy
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Re: VFIN - where the journey leads it?
Anyway I think you either get too optimistic or too pessimistic on certain things

Just a word of caution not to get carried away with the new branches. Initially it can be added cost. I agree with you that the positive effect of commercials will not be seen with few branches and they need more for that to be effective.
The commercial is very similar to COCR

- Future123Active Member
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Re: VFIN - where the journey leads it?



https://www.youtube.com/watch?v=HNQVQubFPU4
Yes. I know that opening new branches is a burden on the P&L initially but the benefits would start in years or quarters to come. As I have traveled with LFIN over 6 years I know how they expanded. Now my dividend yield from LFIN is over 25% and I never thought of selling LFIN unless it becomes overvalued or manipulated to 250 or 300 at present conditions and earnings.
Anyway, GK, where this advertisement appeared? On which channel? I never watched?
Just got some info about next 2 branch openings. Wattala and Warakapola. But don't know how truth is this.
- GroundedKestrel
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Re: VFIN - where the journey leads it?
Haha.. what happened to him? he used to be so involved in the other forum.
- Future123Active Member
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Re: VFIN - where the journey leads it?
VFIN has added at least 5 to 6 branches compared to the beginning of 2014/15. Future is bright with VFIN. You need to have patience to enjoy the full benefit of this growing company.
- First Guy
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Re: VFIN - where the journey leads it?

Other branches may contribute to the profit but new ones will initially affect it. Be sure to check all angles. Never be at either end of optimism and pessimism

- කිත්සිරි ද සිල්වාTop contributor
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Re: VFIN - where the journey leads it?
But be careful that you too would be branded a Attacker than a Challenger.


First Guy wrote:Again, new branches won't being profits instantly. It will take time as you said so no need to keep posting the same thing friend
Other branches may contribute to the profit but new ones will initially affect it. Be sure to check all angles. Never be at either end of optimism and pessimism
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- slstockVeteran
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Re: VFIN - where the journey leads it?
Best not continue it to VFIN. If he comes we can discuss that. Right now Chinwi matter should be looked at more depth and sensitivity.
කිත්සිරි ද සිල්වා wrote:I agree.
But be careful that you too would be branded a Attacker than a Challenger.![]()
![]()
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- කිත්සිරි ද සිල්වාTop contributor
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Re: VFIN - where the journey leads it?

slstock wrote:Kithsiri, is this a continuation on the issue on your political comments and matter on Chinwi?
Best not continue it to VFIN. If he comes we can discuss that. Right now Chinwi matter should be looked at more depth and sensitivity.කිත්සිරි ද සිල්වා wrote:I agree.
But be careful that you too would be branded a Attacker than a Challenger.![]()
![]()
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- GroundedKestrel
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Re: VFIN - where the journey leads it?

Let us put this quarelling aside and look into the matter at hand. My personal favourite stock has gone from Rs.73 to Rs.63.20 in a relatively short space of time!

Looked at the new list of Ministry Secretaries. It's a decent mix of both main parties. That and most the Financial Ministerial powers being divided up between Ranil, Malik, Kabir, Harsha/Eran.. Ravi boy won't have much room to mess with DP's stocks. Anyway, businessmen play the double game so i don't think he wouldn't waited without putting a substantial amount in both parties coffers.
- slstockVeteran
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Re: VFIN - where the journey leads it?
Chinwi is also not here, so take the "attack" or "challenge" after ( if) he returns here.
I told you how he felt.
Now lets continue on VFIN...
Guys , no need to worry about Ravi K effects on every DP company. There is no general way to effect 1
or 2 finance companies of person where 1000s of depositers are there
Also why worry about VFIn at RS 63.5 from Rs 72.5? Most part was correction. A little bit more on a too much red market. Many other shares came more % wise.
I am only concerned about one little thing on VFIN ( nothing political) presently but it may improve after september results . So lets see.
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- pathfinderTop contributor
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Re: VFIN - where the journey leads it?
GroundedKestrel wrote:
Let us put this quarelling aside and look into the matter at hand. My personal favourite stock has gone from Rs.73 to Rs.63.20 in a relatively short space of time!![]()
.
You don't have to worry if you are a MT or a LT investor.
If you are a trader you could have sell high and wait till the right time comes to
re-enter
- GroundedKestrel
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Re: VFIN - where the journey leads it?

Up by Rs.3.70 today

- GroundedKestrel
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Re: VFIN - where the journey leads it?
slstock wrote:
I am only concerned about one little thing on VFIN ( nothing political) presently but it may improve after september results . So lets see.
Hmmmm this "problem" got me thinking quite a bit. Slstock, is it the capital requirement ratio? hence the need to capitalise.. or the loan book vs public deposits spread?
- pathfinderTop contributor
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Re: VFIN - where the journey leads it?
GroundedKestrel wrote:Thank you. I'm an investor Path, LT. What about you?
Up by Rs.3.70 today
I'm mostly a trader.
- GroundedKestrel
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Re: VFIN - where the journey leads it?

Something to do with this vehicle leasing business? Wouldn't this wipe out "petti-kada" finance companies and further strengthen the strong ones?
I wish people thought long term

- GroundedKestrel
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Re: VFIN - where the journey leads it?
