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RegisterHey guys,
Were you taxed 10% for the recently given VFIN dividend?
Cheers.
G.K
Were you taxed 10% for the recently given VFIN dividend?
Cheers.
G.K
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Rana
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Ethical Trader
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Market lover
Leon
mymoney
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කිත්සිරි ද සිල්වා
Rapaport
GroundedKestrel
Future123
sashimaal
HUNTER
pathfinder
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29 posters
VFIN - where the journey leads it?
GroundedKestrel- Posts : 292
Join date : 2014-11-28
Market lover- Top contributor
- Posts : 595
Join date : 2014-10-15
Yes it has been taxed.GroundedKestrel wrote:Hey guys,
Were you taxed 10% for the recently given VFIN dividend?
Cheers.
G.K
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Huge collection by the Managing Director again. (25 June to 29 June).
http://cse.lk/cmt/uploadAnnounceFiles/3251435831365_949.pdf
http://cse.lk/cmt/uploadAnnounceFiles/3251435831365_949.pdf
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
So we can have a sigh of relief knowing it is on firmer footing in these uncertain times. 
Future123 wrote:Huge collection by the Managing Director again. (25 June to 29 June).
http://cse.lk/cmt/uploadAnnounceFiles/3251435831365_949.pdf
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
MD kept buying at every level.Now he is in the fourth in the list.
GroundedKestrel- Posts : 292
Join date : 2014-11-28
How many shares now? 1Mn?
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
GroundedKestrel wrote:How many shares now? 1Mn?
More than 1M
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
HUNTER wrote:Thanks Small, FG, Path and others.
It seems some party has been collecting this and becoming hot. If they continue doing it, they may push to ~65 and let it drop ~55.
Here is my view in a chart.
In support of TA.
A picture may worth 100 words:
pathfinder- Top contributor
- Posts : 1450
Join date : 2014-02-23
Good work Hunter VFIN is now trading at channel top in monthly chart.It may take some time for next wave.
First Guy- Posts : 2599
Join date : 2014-02-22
Slow, steady, strong and safe? 
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Results will be released within 2 weeks. Expecting very good performance and PAT growth of at least 20%.
Watch out
Watch out
First Guy- Posts : 2599
Join date : 2014-02-22
The leasing market is very competitive. Could VFIN made use of this? https://forum.lankaninvestor.com/t5825-june-car-registrations-hit-all-time-high
VFIN's new feature in their leasing is - customers can opt to skip one month of lease payment in a year. As per their advertisement, this can be any month they prefer (month in which insurance is due, New Year etc.,)
This is good for the customers as they would not have to prepare of sudden one-time cash outflow during that particular month. But I think the lease period will get pushed back a month per year which means a month of additional interest for VFIN.
It's unclear if this is for new leases or existing ones as well.
VFIN's new feature in their leasing is - customers can opt to skip one month of lease payment in a year. As per their advertisement, this can be any month they prefer (month in which insurance is due, New Year etc.,)
This is good for the customers as they would not have to prepare of sudden one-time cash outflow during that particular month. But I think the lease period will get pushed back a month per year which means a month of additional interest for VFIN.
It's unclear if this is for new leases or existing ones as well.
GroundedKestrel- Posts : 292
Join date : 2014-11-28
VFIN almost at 65. Will Hunter's prophecy come true? Only time will tell!
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
GroundedKestrel wrote:VFIN almost at 65. Will Hunter's prophecy come true? Only time will tell!
Ongoing momentum will bring it beyond 65/- (unless they release some 'not so good' results too early).
However, approximately, it reached 64.5 at the end of May. That was what I was expecting that time.
Going forward...
It's too early to comment what I am going to say below. But since the question has been raised, I will put it down.
****
(I do not expect this to be taken serious yet.)
The ongoing (technical) pattern suggests me VFIN has the potential to hit 80/- within this year.
******
However, my valuation says it is a little 'overpriced' right now even at the current levels.
So, my conclusion is, the coming quarterly results will be very crucial in deciding the direction of the price movement in 'short terms'.
(Disclaimer: Currently, I do not hold even a single share of VFIN)
Last edited by HUNTER on Wed Jul 22, 2015 6:16 pm; edited 1 time in total
GroundedKestrel- Posts : 292
Join date : 2014-11-28
Thank you for your valuable insight Hunter. Do you have an opinion on it for the medium and long term?
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
GroundedKestrel wrote:Thank you for your valuable insight Hunter. Do you have an opinion on it for the medium and long term?
You're welcome!
I have seen and agreeable with, most of experienced members' comments on VFIN; which are mostly very positive.
If I am to add to that my view;
Right now, I consider VFIN as a growth share with lot of potential in the medium and long run.
GroundedKestrel- Posts : 292
Join date : 2014-11-28
Rs 66.50 Hunter. Why the sudden push? anticipation of good results for Q2?
Come to think of it. The entire bourse is green.
Come to think of it. The entire bourse is green.
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
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Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Next target will be 68.20 before it reaches 70s. (RSI also in mid 40s) I don't see much difficulty in reaching those levels specially with current sentiment. Quarterly results pending & should be good.I had to cut my quantity @ 59. level & it proved to be a blunder.
First Guy- Posts : 2599
Join date : 2014-02-22
Thanks Leon.
Can expect decent growth from VFIN by not anything magical. VFIN already is almost near the capitalization limit like SAMP. Rating may be already reflecting that. Could it go for a rights?
Can expect decent growth from VFIN by not anything magical. VFIN already is almost near the capitalization limit like SAMP. Rating may be already reflecting that. Could it go for a rights?
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
Leon wrote:Next target will be 68.20 before it reaches 70s. (RSI also in mid 40s) I don't see much difficulty in reaching those levels specially with current sentiment. Quarterly results pending & should be good.I had to cut my quantity @ 59. level & it proved to be a blunder.
Nothing wrong with exiting early if it was a planned target.
Problems start if it was unplanned and now it 'hurts' which can lead to more mistakes.
serene- Top contributor
- Posts : 4850
Join date : 2014-02-26
Thanks Leo.
GroundedKestrel- Posts : 292
Join date : 2014-11-28
VFIN is trading at Rs.71 now. Will it go back down or will the Q2 results (even if not magical) allow it to maintain a level above Rs.70?
First Guy, please forgive my ignorance but how can one tell if a stock is nearing its market capitalisation? What does it mean exactly? From what little i managed to research, does it mean that a majority of the stocks is held by institutional investors and the company has to issue rights or sub-divide to maintain liquidity? Is that how LFIN works?
First Guy, please forgive my ignorance but how can one tell if a stock is nearing its market capitalisation? What does it mean exactly? From what little i managed to research, does it mean that a majority of the stocks is held by institutional investors and the company has to issue rights or sub-divide to maintain liquidity? Is that how LFIN works?
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
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GroundedKestrel- Posts : 292
Join date : 2014-11-28
Thank you Leon but what does it mean when you say the share is reaching its market capitalisation limit?
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