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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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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
VFIN - where the journey leads it? - Page 7 EmptyFri Jul 19, 2024 10:30 am by faithhharris

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VFIN - where the journey leads it? - Page 7 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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VFIN - where the journey leads it? - Page 7 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
VFIN - where the journey leads it? - Page 7 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» Capital Trust Broker in difficulty?
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» Should I Stick Around, or Should I Follow Others' Lead?
VFIN - where the journey leads it? - Page 7 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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Rana
PriyanDV
malanp
tharindufit
Ethical Trader
hariesha
kass
Backstage
slstock
Market lover
Leon
mymoney
Jana1
Nuinth
කිත්සිරි ද සිල්වා
Rapaport
GroundedKestrel
Future123
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29 posters

    VFIN - where the journey leads it?

    Future123
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    • Post n°151

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Tue Nov 17, 2015 8:32 pm

    Backstage wrote: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

    Was little busy today and only checked what has happened in the market just now. Thanks Backstage for taking the lead.

    K.D.A Perera is the brother of DP and one of the top share holders of VFIN and a Director. He too purchased a big quantity along with MD.

    VFIN is one of the best stocks in the medium term irrespective of the budget outcome. If you hold this for 1 to 2 years sure you are a winner.

    Vallibel will be extending its presence to Wattala, Balangoda, Dambulla and Hikkaduwa in the near future - See more at: http://www.ft.lk/article/496873/Vallibel-Finance-expands-reach-to-Piliyandala-and-Warakapola#sthash.B7jd8HWQ.dpuf
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    • Post n°152

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    Post by Backstage Tue Nov 17, 2015 10:02 pm

    Wc, was just teasing you about the VFIN enthusiasm.
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    • Post n°153

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    Post by Future123 Tue Jan 19, 2016 12:06 am

    Wattala branch opened on 14/01/2016. Chief guest is John Amarathunga.

    https://www.facebook.com/682333861876189/photos/ms.c.eJw9z9sNBDEIA8COTrxN~_m~;sFgL5ikY2QaTgRBD0fK~;qL9sibc4xK5TlBI2~;ibAQ4zGy~_h6yObdxrsFZfc61WP2X9iw39zG85i2e7TrW3H0dp3qZIGvqPtPLax907kk~;3bc1ej~_p~;wHZCTgU.bps.a.827965553979685.1073741834.682333861876189/827966223979618/?type=3&theater
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    • Post n°154

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    Post by Future123 Wed Jan 27, 2016 7:19 pm

    VFIN - what a performance Laughing Laughing Laughing Laughing Laughing Laughing

    Annualized EPS - Rs. 13.36 (Based on quarterly results)

    Annualized EPS - Rs. 11.20 (Based on 9 months results)

    Quarterly Profit after tax improved by 32%

    http://cse.lk/cmt/upload_report_file/949_1453893327114.pdf
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    • Post n°155

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    Post by First Guy Thu Jan 28, 2016 8:12 am

    Good performance from VFIN.

    5.4% increase in net interest Q/Q
    Rise in other operating income
    Lower impairments
    Higher taxes paid due to higher profits reported
    Quarter ROE above 30%
    Highest profit before impairments

    TTM EPS = 11.29/-, P/E = 5.6x, P/BV 1.5x



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    • Post n°156

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    Post by Rapaport Thu Jan 28, 2016 1:02 pm

    Brilliant results but unfortunately not reflected in the share price

    The whole market is dragging such shares down. There is actually enough sellers coming in below 65 to support the buying and thats not a good sign.

    Rising interest rates, contracting credit, reduced vehicle imports, higher taxes, increasing inflation, poor market sentiment, possible increase in loan impairments can affect finance sector shares and i expect their earning to reduce more than 20% from current levels in the coming year, reducing appeal to buy these shares!

    Cheers!
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    • Post n°157

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    Post by Ethical Trader Thu Jan 28, 2016 2:41 pm

    Thanks FG & Rap for your analysis.

    True but, knowing the guys who manage our banking sector (they never take risks as their counterparts take in the West and know how to pass the costs to the customer), they would still show results by transferring part of the costs to the public. We all know how they smooth sailed unaffected by the past worldwide economic issues.
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    • Post n°158

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    Post by tharindufit Thu Jan 28, 2016 2:51 pm

    I see there's two people in the forum, Positive guys about immediate future of CSE and negative guys about future of CSE. I'm on positive side. People like @Rapaport always on negative side. But that's good to add balance! :-) We usually see the minority liking gets executed in last months. It seems like even good financial shares doesn't seem to have a run in near future!
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    • Post n°159

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    Post by Rapaport Thu Jan 28, 2016 3:32 pm

    tharindufit wrote:I see there's two people in the forum, Positive guys about immediate future of CSE and negative guys about future of CSE. I'm on positive side. People like @Rapaport always on negative side. But that's good to add balance! :-) We usually see the minority liking gets executed in last months. It seems like even good financial shares doesn't seem to have a run in near future!

    This is perhaps the first time i have been negative for 3 months in a row. You need to read my previous posts between 2014- early 2015....

    I do not write much but i make it a point to be logical and give valid reasons.

    The reasons I point out are voiced out by many outside the forum. Markets move before the economy performs/under performs... Investors always look ahead and buy stocks. The current earnings are past performance which we see now...

    Yes i am negative for now. I am invested 25% in stocks and 75% Gilt funds and short term FDs

    Cheers!
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    • Post n°160

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    Post by Future123 Thu Jan 28, 2016 4:16 pm

    Rapaport wrote:Brilliant results but unfortunately not reflected in the share price

    The whole market is dragging such shares down. There is actually enough sellers coming in below 65 to support the buying and thats not a good sign.

    Rising interest rates, contracting credit, reduced vehicle imports, higher taxes, increasing inflation, poor market sentiment, possible increase in loan impairments can affect finance sector shares and i expect their earning to reduce more than 20% from current levels in the coming year, reducing appeal to buy these shares!

    Cheers!

    VFIN is expanding to rural areas and I could see many positives from this. They are moving away from traditional leasing and concentrating on micro finance and grameen loans which brings highest returns. BLI is the best example for this.
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    • Post n°161

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    Post by Rapaport Thu Jan 28, 2016 4:47 pm

    But will they have business in a high interest rate and high inflation environment from the rural area's??

    Perhaps you should take a sample of 10 banking/Finance shares and go through their 10 year earning history (annual reports). Compare the 10 year profits with the previous balance of Payments crisis of 2008-2009 and 2011-2012 and will show you the way EPS dropped despite growth in top line for some companies.

    We are facing a similar situation this time as well.....

    Cheers!
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    First Guy
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    • Post n°162

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    Post by First Guy Fri Jan 29, 2016 8:18 am

    VFIN has too much cost compared to income. Maybe new branches are contributing to that. It can make it work from there. But risk that Rapa mentioned is there too.

    LFIN is at a much mature level. 4.8x P/E is a bit low, don't you think?
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    • Post n°163

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    Post by malanp Fri Jan 29, 2016 8:26 am

    Rapaport predicted LFIN can be collected at 80.. 
    what happened to that prediction.???

    now LFIN is 110 and no sign of coming down to 100 level...

    What I feel is always people predict the future for their own sake, no corelation to the reality..

    People who use a scientific approch are different.. so the best thing is not to predict the future share prices,, more one predict more you show your nudity..
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    • Post n°164

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    Post by Rapaport Fri Jan 29, 2016 9:58 am

    Malanp

    I never mentioned a time frame. Wait till result season is over and lets see...

    Cheers.
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    • Post n°165

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Fri Jan 29, 2016 10:37 am

    Over cautious is good but it leads to loss of opportunities.

    Is there any business in the world which does not have any risk???????

    Best option for non risk takers is to go for treasury bills and FDs.

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    • Post n°166

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by Rapaport Fri Jan 29, 2016 11:35 am

    http://economynext.com/Sri_Lanka_spot_forex_trading_comes_to_a_halt;_heavy_moral_suasion-3-4116-3.html

    20 Billion to be printed just like that???

    Cheers!
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    • Post n°167

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    Post by Future123 Fri Jan 29, 2016 1:23 pm

    Rapaport wrote:http://economynext.com/Sri_Lanka_spot_forex_trading_comes_to_a_halt;_heavy_moral_suasion-3-4116-3.html

    20 Billion to be printed just like that???

    Cheers!

    This Yahapal aanduva is going to kill the country. This is going to increase the inflation further. The companies will pass the cost increase to consumers and poor citizens will suffer more. Is this the change that everyone expected Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad
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    • Post n°168

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by Rapaport Fri Jan 29, 2016 1:44 pm

    Just for fun

    Mervyn criticises leasing firms lol

    https://www.youtube.com/watch?v=_8qGyS2Qj2w
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    • Post n°169

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    Post by Rapaport Fri Jan 29, 2016 1:46 pm

    Future 123

    This is what i have been telling for weeks now! CBSL is breaking many records we really do not want to hear about!

    This is all due to election promises and not to forget previous regime burdens!

    Cheers!
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    • Post n°170

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by Rapaport Fri Jan 29, 2016 1:51 pm

    Sri Lanka IMF talks points to austerity ahead: economist

    http://www.economynext.com/Sri_Lanka_IMF_talks_points_to_austerity_ahead__economist-3-4067.html
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    • Post n°171

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by Future123 Wed Mar 09, 2016 11:26 am

    Now trading at 47/=.

    Expected EPS over 12/= and trading at 3.9 times.

    A possible dividend of 3/= in May.
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    • Post n°172

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by PriyanDV Wed Mar 09, 2016 11:45 am

    But now Revised Taxation can be effect for company profits . Isn't it ?
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    • Post n°173

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    Post by Future123 Thu Mar 10, 2016 3:20 pm

    Wattala branch opened.

    http://www.dailynews.lk/?q=2016/01/29/business/vallibel-finance-opens-branch-wattala

    More to come this year. Balangoda, Dambulla and Hikkaduwa.
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    • Post n°174

    VFIN - where the journey leads it? - Page 7 Empty Interim Financial Statements as of 31-03-2016

    Post by Rana Tue May 17, 2016 5:21 pm

    https://www.cse.lk/cmt/upload_report_file/949_1463481716.pdf
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    • Post n°175

    VFIN - where the journey leads it? - Page 7 Empty Re: VFIN - where the journey leads it?

    Post by slstock Tue May 17, 2016 5:39 pm

    slstock wrote:

    VFIN :

    I estimate VFIN to report about Rs3.5 - Rs 4 eps for March.
    Dividend about Rs 3.

    Let see how close we can get.


    No matter who says what VFiN theoraticallly to me is valued more than
    COCR, HDFC and BLI. One can argue one can push .. but if one remembers
    the comment I made when COCR was Rs 60-70 and VFIN was trading below that , all i can say now is COCR is Rs 50 now and VFIN is Rs 67


    Ref :
    https://forum.lankaninvestor.com/t5227p225-lfin-future#68066

    ------------------------------------------------



    VFIN March report out today.

    Quarter Eps 3.95 ( see above post for the estimate made )

    Yearly Rs 12.35
    Net Assets : 46.62
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