The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
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

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
VFIN - where the journey leads it? - Page 6 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
VFIN - where the journey leads it? - Page 6 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
VFIN - where the journey leads it? - Page 6 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
VFIN - where the journey leads it? - Page 6 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
VFIN - where the journey leads it? - Page 6 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
VFIN - where the journey leads it? - Page 6 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
VFIN - where the journey leads it? - Page 6 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
VFIN - where the journey leads it? - Page 6 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
VFIN - where the journey leads it? - Page 6 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
VFIN - where the journey leads it? - Page 6 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
VFIN - where the journey leads it? - Page 6 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
VFIN - where the journey leads it? - Page 6 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
VFIN - where the journey leads it? - Page 6 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
VFIN - where the journey leads it? - Page 6 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
VFIN - where the journey leads it? - Page 6 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
VFIN - where the journey leads it? - Page 6 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
VFIN - where the journey leads it? - Page 6 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
VFIN - where the journey leads it? - Page 6 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
VFIN - where the journey leads it? - Page 6 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
VFIN - where the journey leads it? - Page 6 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
VFIN - where the journey leads it? - Page 6 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
VFIN - where the journey leads it? - Page 6 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
VFIN - where the journey leads it? - Page 6 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
VFIN - where the journey leads it? - Page 6 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
VFIN - where the journey leads it? - Page 6 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
VFIN - where the journey leads it? - Page 6 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
VFIN - where the journey leads it? - Page 6 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
VFIN - where the journey leads it? - Page 6 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
VFIN - where the journey leads it? - Page 6 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
VFIN - where the journey leads it? - Page 6 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
VFIN - where the journey leads it? - Page 6 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
VFIN - where the journey leads it? - Page 6 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
VFIN - where the journey leads it? - Page 6 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
VFIN - where the journey leads it? - Page 6 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
VFIN - where the journey leads it? - Page 6 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
VFIN - where the journey leads it? - Page 6 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
VFIN - where the journey leads it? - Page 6 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
VFIN - where the journey leads it? - Page 6 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
VFIN - where the journey leads it? - Page 6 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
VFIN - where the journey leads it? - Page 6 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
VFIN - where the journey leads it? - Page 6 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
VFIN - where the journey leads it? - Page 6 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
VFIN - where the journey leads it? - Page 6 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
VFIN - where the journey leads it? - Page 6 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
VFIN - where the journey leads it? - Page 6 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
VFIN - where the journey leads it? - Page 6 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
VFIN - where the journey leads it? - Page 6 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
VFIN - where the journey leads it? - Page 6 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
VFIN - where the journey leads it? - Page 6 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
VFIN - where the journey leads it? - Page 6 EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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

+25
Rana
PriyanDV
malanp
tharindufit
Ethical Trader
hariesha
kass
Backstage
slstock
Market lover
Leon
mymoney
Jana1
Nuinth
කිත්සිරි ද සිල්වා
Rapaport
GroundedKestrel
Future123
sashimaal
HUNTER
pathfinder
Ukboy
serene
First Guy
smallville
29 posters

    VFIN - where the journey leads it?

    HUNTER
    HUNTER
    Top contributor
    Top contributor


    Posts : 1935
    Join date : 2014-07-14

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by HUNTER Thu Sep 17, 2015 2:10 pm

    GroundedKestrel wrote:Still dropping..... scratch

    If the market movements make us panic, we better reduce the holding to a level which won't make us so.

    'cause.

    Panic will lead to mistakes
    Mistakes will lead to panic
    and keep on repeating until someone wakes us up..
    GroundedKestrel
    GroundedKestrel


    Posts : 292
    Join date : 2014-11-28

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by GroundedKestrel Thu Sep 17, 2015 2:12 pm

    Thanks HUNTER Smile. I am annoyed but in no uncertain terms am i panicked. Nothing will change with regard to my plans.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Thu Sep 17, 2015 3:14 pm

    No need to panic with regards to VFIN. It will anyway report an EPS of 10/= with the existing loan portfolio.

    The growth might temporarily slowdown and sure they have backup plans as this is managed by people who are made for business. This is still very much undervalued.
    pathfinder
    pathfinder
    Top contributor
    Top contributor


    Posts : 1450
    Join date : 2014-02-23

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by pathfinder Thu Sep 17, 2015 7:43 pm

    VFIN is a one good company growing at a good pace.Investors with medium to long term targets has no reason to panic.

    With current panic trend over finance sector further drop is expected.64 has a good support.If break it can come down to 59.50.As long as ASI remains above 7000 the possibility is low.I expect a turn around near 62.
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by First Guy Thu Sep 17, 2015 9:02 pm

    VFIN looked undervalued at current multiples but now it looks like it's 'huge' attractiveness reduced. We have seen cycles in companies before. Each get their times and best to rotate stocks. Consider sustainable profits as well and avoid considering irregular or abnormal profits/losses during one or more quarters to continue.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Thu Sep 17, 2015 9:31 pm

    FG, what's your idea for medium term? What are the steps that finance companies should take to mitigate this loss of income? Eg: property mortgage, business loans and grameen loans

    Does this 70% rule apply to banks as well?
    kass
    kass
    Top contributor
    Top contributor


    Posts : 470
    Join date : 2014-02-27

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by kass Thu Sep 17, 2015 9:43 pm

    Future123 wrote:

    Does this 70% rule apply to banks as well?

    Yes
    avatar
    hariesha
    Top contributor
    Top contributor


    Posts : 1329
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by hariesha Thu Sep 17, 2015 9:50 pm

    With the current context lot of finance shares are due for correction in prices. A scenario that we didn't think of three months back. 

    Correction can be aggravated if the government increase taxes for Motor Vehicles.

    But almost every finance company may report very good results in the ongoing quarter.
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by First Guy Fri Sep 18, 2015 6:51 am

    Future123 wrote:FG, what's your idea for medium term? What are the steps that finance companies should take to mitigate this loss of income? Eg: property mortgage, business loans and grameen loans

    Does this 70% rule apply to banks as well?

    If I knew the answer to that I wouldn't be in the board of one of the companies Wink It's up to the management to come up with something innovative. Different companies will come up with different ideas. This year (or last) VFIN came up with a new feature in leasing where it allows the customer to skip a lease payment during a preferred month every year. If someone had higher expenses during a particular month (insurance payment) they can skip the lease payment for that month.

    So the sooner they get into new areas the better. Then the question comes, why didn't they do that before, or have they done that already?

    I don't see this as a 'loss of income'. I'll treat this as being back to normal levels and the past few quarters (and a few more in future) as abnormal increase of income.

    We can see the impact only after a few more quarters.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Sun Sep 20, 2015 12:38 am

    A new product from VFIN called Auto Draft.

    http://www.vallibelfinance.com/?p=345

    We need more innovation and diversification like this to go forward.
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by First Guy Sun Sep 20, 2015 7:22 am

    Future123 wrote:A new product from VFIN called Auto Draft.

    http://www.vallibelfinance.com/?p=345

    We need more innovation and diversification like this to go forward.

    VFIN, LFIN and some other companies have had this for a long time. It's not something new.
    GroundedKestrel
    GroundedKestrel


    Posts : 292
    Join date : 2014-11-28

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by GroundedKestrel Mon Sep 21, 2015 11:02 am

    It's interesting to see the dynamic between the two of you when it comes to VFIN. Future is optimistic whilst FG is pessimistic. The both of you have held the same beliefs even when the company was doing good or bad. Interesting to see who will come out on top in the long term.

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by First Guy Mon Sep 21, 2015 10:00 pm

    GroundedKestrel wrote:It's interesting to see the dynamic between the two of you when it comes to VFIN. Future is optimistic whilst FG is pessimistic. The both of you have held the same beliefs even when the company was doing good or bad. Interesting to see who will come out on top in the long term.


    I am not pessimistic. I am cautious. Future is always at the extreme end of optimism or pessimism on different topics. In this case it's optimism.

    Finance companies have had 'above average' time during last few months/quarters because of low interest rates and higher income so people bought vehicles. Now with new changes, it's back to normal. So we have to be realistic about growth.

    https://forum.lankaninvestor.com/t5034p75-vfin-where-the-journey-leads-it#46997
    Check the graph. Last four quarters net interest was almost flat. Can we expect a similar result for September? It might be the same for few more quarters but new products and new markets need to contribute for further growth.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Fri Oct 09, 2015 7:49 pm

    Today watched the first ever TV add by Vallibel Finance. It was on Hiru TV news at 7 pm during commercial break.

    https://www.youtube.com/watch?v=6VU5HsqHdyw

    Now with expansion right time to start advertising to reach the customers. I hope gradually VFIN would reduce exposure to leasing and increase loans to other sectors such as home, business, margin loans, SME, grameen,etc.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Wed Oct 14, 2015 7:39 pm

    Director buying again. VFIN must have made good profit. This is one of the fastest growing companies at CSE.

    http://cse.lk/cmt/upload_cse_announcements/3991444821260_.pdf

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by First Guy Thu Oct 15, 2015 7:02 am

    Future123 wrote:Director buying again. VFIN must have made good profit. This is one of the fastest growing companies at CSE.

    http://cse.lk/cmt/upload_cse_announcements/3991444821260_.pdf


    1. Sure it must have made a good profit due to recent heavy vehicle imports and existing leases

    2. Fasted growing? - I disagree. In fact, I have shown a chart depicting its growth somewhere in this thread.

    Profit will be 'good' for some quarters, but without many new leases compared to previous periods, it will not be an easy task to grow unless new areas of business is entered.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Thu Oct 15, 2015 4:21 pm

    First Guy wrote:
    Future123 wrote:Director buying again. VFIN must have made good profit. This is one of the fastest growing companies at CSE.

    http://cse.lk/cmt/upload_cse_announcements/3991444821260_.pdf


    1. Sure it must have made a good profit due to recent heavy vehicle imports and existing leases

    2. Fasted growing? - I disagree. In fact, I have shown a chart depicting its growth somewhere in this thread.

    Profit will be 'good' for some quarters, but without many new leases compared to previous periods, it will not be an easy task to grow unless new areas of business is entered.

    FG, agree with you up to some extent about the growth. They can significantly improve the Interest income provided they had lots of branches. Now with the opening of new branches and TV adverts they are poised to capture new customers.

    They should definitely look for other lending options such as micro finance, home loans , grameen, gold loans. It's better to limit leasing to max 35%. Grameen gives very high effective rates and could even give 35% or more. I think BLI mainly does this.

    As I've been with LFIN for so many years, I see VFIN also slowly following it's elder brother's foot steps. LFIN was highly exposed to gold a few years back and with gold recession they changed their strategies. Hoping VFIN also moves to different segments sooner than later.

    I like VFIN since the leadership is provided by DP. We know that DP is capable of turning a metal to gold with his magical touch. For any medium term investor VFIN would give amazing returns for sure..

    kass
    kass
    Top contributor
    Top contributor


    Posts : 470
    Join date : 2014-02-27

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by kass Thu Oct 15, 2015 10:04 pm

    Interesting to see their growth in this Q, in a situation where vehicle prices are high and 70% rule for leases still in place.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Tue Nov 03, 2015 7:22 pm

    Very good results. Profit increased by 40% YOY.
    Quarterly EPS 2.75 (11/4)

    Has performed comparatively much better than COCR.

    The problem is market negativity and budget sentiment.

    http://cse.lk/cmt/upload_report_file/949_1446549858999.pdf
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by First Guy Tue Nov 03, 2015 9:02 pm

    Look at the results closely.

    Net interest income has risen past 400 mil for the first time, BUT expenses have increased more. Profit before impairment is flat. Look at the difference in impairment (good or bad you decide). There 'could' be a larger charge next quarter.

    So what is the real profit growth?

    As usual, this is not a demotion. Just presenting facts and being cautious from being 'over' optimistic.
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Tue Nov 03, 2015 9:21 pm

    First Guy wrote:Look at the results closely.

    Net interest income has risen past 400 mil for the first time, BUT expenses have increased more. Profit before impairment is flat. Look at the difference in impairment (good or bad you decide). There 'could' be a larger charge next quarter.

    So what is the real profit growth?

    As usual, this is not a demotion. Just presenting facts and being cautious from being 'over' optimistic.

    NIM increased by 10% which is nearly 40 million. The PAT increased by 40% which is 33%. There is other operating income of 30 million. Impairment significantly dropped contributing to higher PAT.

    Other expenses have gone up by 35 million. We must keep in mind that VFIN has opened nearly 5 branches this year. They had only 20 branches before and now around 25 branches. It's obvious that its expenses would go up immediately and the revenue would follow in following quarters.
    Eg: when they report 150 million quarterly PAT then EPS would be 3.6. Annualized would be 3.6 * 4 = 14.4. At that time it's likely to trade around 115/= if we assume 8 times of EPS.

    For me this is a medium term counter and one must be willing to hold this for at least 2 years to ripe the real benefit.
    avatar
    Jana1
    Top contributor
    Top contributor


    Posts : 630
    Join date : 2014-02-23

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Jana1 Tue Nov 03, 2015 9:51 pm

    Future123 wrote:
    First Guy wrote:Look at the results closely.

    Net interest income has risen past 400 mil for the first time, BUT expenses have increased more. Profit before impairment is flat. Look at the difference in impairment (good or bad you decide). There 'could' be a larger charge next quarter.

    So what is the real profit growth?

    As usual, this is not a demotion. Just presenting facts and being cautious from being 'over' optimistic.

    NIM increased by 10% which is nearly 40 million. The PAT increased by 40% which is 33%. There is other operating income of 30 million. Impairment significantly dropped contributing to higher PAT.

    Other expenses have gone up by 35 million. We must keep in mind that VFIN has opened nearly 5 branches this year. They had only 20 branches before and now around 25 branches. It's obvious that its expenses would go up immediately and the revenue would follow in following quarters.
    Eg: when they report 150 million quarterly PAT then EPS would be 3.6. Annualized would be 3.6 * 4 = 14.4. At that time it's likely to trade around 115/= if we assume 8 times of EPS.

    For me this is a medium term counter and one must be willing to hold this for at least 2 years to ripe the real benefit.

    Having difficulty in picking your annualized EPS. Themselves have already produced on the report as Rs 11 of annualised EPS, then how can you multiply by 4 and get 2018 annualised EPS? Is it the first time r u analysing the IS? or blind biased decision because of holding?....Wink
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Tue Nov 03, 2015 10:27 pm

    Jana1 wrote:
    Future123 wrote:
    First Guy wrote:Look at the results closely.

    Net interest income has risen past 400 mil for the first time, BUT expenses have increased more. Profit before impairment is flat. Look at the difference in impairment (good or bad you decide). There 'could' be a larger charge next quarter.

    So what is the real profit growth?

    As usual, this is not a demotion. Just presenting facts and being cautious from being 'over' optimistic.

    NIM increased by 10% which is nearly 40 million. The PAT increased by 40% which is 33%. There is other operating income of 30 million. Impairment significantly dropped contributing to higher PAT.

    Other expenses have gone up by 35 million. We must keep in mind that VFIN has opened nearly 5 branches this year. They had only 20 branches before and now around 25 branches. It's obvious that its expenses would go up immediately and the revenue would follow in following quarters.
    Eg: when they report 150 million quarterly PAT then EPS would be 3.6. Annualized would be 3.6 * 4 = 14.4. At that time it's likely to trade around 115/= if we assume 8 times of EPS.

    For me this is a medium term counter and one must be willing to hold this for at least 2 years to ripe the real benefit.

    Having difficulty in picking your annualized EPS. Themselves have already produced on the report as Rs 11 of annualised EPS, then how can you multiply by 4 and get 2018 annualised EPS? Is it the first time  r u analysing the IS? or blind biased decision because of holding?....Wink

    please dont under estimate. I assumed a quarterly profit of 150 milliin in 2 years divided by number of shares which is 41.5 million and annualized. Please dont insult others if you know everything. Sorry bro if you didn't understand my English
    avatar
    Future123
    Active Member
    Active Member


    Posts : 1435
    Join date : 2014-04-09

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Sat Nov 14, 2015 12:11 am

    New branch opened at Warakapola.

    http://www.dailymirror.lk/94957/vallibel-finance-expands-reach-to-piliyandala-and-warakapola

    http://www.vallibelfinance.com/?p=1304

    VFIN can overcome the setback created through leasing limitation by expansion and product diversification. They are reaching more customers now than before through more branches and TV advertisements.
    Backstage
    Backstage
    Top contributor
    Top contributor


    Posts : 3803
    Join date : 2014-02-24

    VFIN - where the journey leads it? - Page 6 Empty Re: VFIN - where the journey leads it?

    Post by Backstage Tue Nov 17, 2015 2:10 pm

    http://www.cse.lk/cmt/upload_cse_announcements/1121447741108_.pdf

    Rangamuwa and DP both buying.

    Thought I will try beat Future to the post. Razz

      Current date/time is Sun Jun 16, 2024 1:25 am