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+12
Future123
chutiputha
Ethical Trader
First Guy
කිත්සිරි ද සිල්වා
HUNTER
Backstage
serene
Market lover
Lalinda
slstock
yellow knife
16 posters
CFIN N0000 (Central Finance Company)
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
First Guy- Posts : 2599
Join date : 2014-02-22
YK,
Yes NBFI requires a lot more information to be analysed and are not as simple as others such as manufacturing.
Wonder whether you have checked the sections where quarter wise data is available although some are not up to date.
[You must be registered and logged in to see this link.] ---> for banks
Other sectors are available too.
Since this is too much to maintain, they will be reduced to few selected stocks.
Yes NBFI requires a lot more information to be analysed and are not as simple as others such as manufacturing.
Wonder whether you have checked the sections where quarter wise data is available although some are not up to date.
[You must be registered and logged in to see this link.] ---> for banks
Other sectors are available too.
Since this is too much to maintain, they will be reduced to few selected stocks.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Wow thanx FG
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Thanks YK for well analysed thread. Thanks SLS & FG for valuable input.
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
මේ සුද්දට පිස්සුද කොහේද.
එක දවසක CFIN ගන්නවා . අනිත් දවසේ එ් ගානටම ටිකක් දෙනවා.
Maybe they learnt some tricks from locals how to play with retailer minds.
එක දවසක CFIN ගන්නවා . අනිත් දවසේ එ් ගානටම ටිකක් දෙනවා.
Maybe they learnt some tricks from locals how to play with retailer minds.
_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
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chutiputha- Top contributor
- Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL
slstock wrote:මේ සුද්දට පිස්සුද කොහේද.
එක දවසක CFIN ගන්නවා . අනිත් දවසේ එ් ගානටම ටිකක් දෙනවා.
Maybe they learnt some tricks from locals how to play with retailer minds.
සුද්දට කෙසේ වෙතත් අපට පිස්සු හැදෙනවා මෙහෙම වැටුනොත් තව දුරටත්...
chutiputha- Top contributor
- Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL
CENTRAL FINANCE COMPANY PLC
Company ID: - CFIN
Date of Announcement: - 07.Dec.2015
Rate of Dividend: - Rs.1.00 per share / First Interim Dividend
Financial Year: - 2015/2016
XD: - 16.Dec.2015
Payment: - 18.Dec.2015
Share Transfer Book Open
Company ID: - CFIN
Date of Announcement: - 07.Dec.2015
Rate of Dividend: - Rs.1.00 per share / First Interim Dividend
Financial Year: - 2015/2016
XD: - 16.Dec.2015
Payment: - 18.Dec.2015
Share Transfer Book Open
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
CFIN will pay more dividend than earlier...
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
15% of profit if they follow Government proposal.
Knowing.studying how CFIn works I know they will follow rules.
That should be around Rs 6-7 total dividend for this year .
Still not too attractive dividend but will be better than before.
Knowing.studying how CFIn works I know they will follow rules.
That should be around Rs 6-7 total dividend for this year .
Still not too attractive dividend but will be better than before.
yellow knife wrote:CFIN will pay more dividend than earlier...
_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
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Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
CFIN declared only 2/= dividend for 2015/16. They are very stringy when it comes to dividends and that's one of the reasons why this company's shares don't go up despite having excellent profit growth.
Failure to look after shareholders would result in weaker share price.
The dividend yield is just 0.8% (2/238). This is absolutely poor.
LFIN dividend yield is 5.76% (7.50/130) which is better than savings interest rates.
Clever investors would convert their CFIN into LFIN.
What happened to the rule proposed in the budget of declaring 15% of PAT as dividends? Is it still valid or like other things in the budget it also vanished?
Company ID: - CFIN
Date of Initial Announcement: - 31.May.2016
Rate of Dividend: - Rs. 2.00 per share / Final
Dividend
Financial Year: - 2015/2016
Shareholder Approval: - Required
AGM: - 15.Jul.2016
XD: - 18.Jul.2016
Payment: - 20.Jul.2016
Share Transfer Book Open
Failure to look after shareholders would result in weaker share price.
The dividend yield is just 0.8% (2/238). This is absolutely poor.
LFIN dividend yield is 5.76% (7.50/130) which is better than savings interest rates.
Clever investors would convert their CFIN into LFIN.
What happened to the rule proposed in the budget of declaring 15% of PAT as dividends? Is it still valid or like other things in the budget it also vanished?
Company ID: - CFIN
Date of Initial Announcement: - 31.May.2016
Rate of Dividend: - Rs. 2.00 per share / Final
Dividend
Financial Year: - 2015/2016
Shareholder Approval: - Required
AGM: - 15.Jul.2016
XD: - 18.Jul.2016
Payment: - 20.Jul.2016
Share Transfer Book Open
First Guy- Posts : 2599
Join date : 2014-02-22
CFIN dividend is 4/- for the year 10% of EPS same as last few years. LFIN payout has reduced a little bit but at 28%
LFIN has better ROE and cost structure because of its aggressive nature and leveraging. CFIN is not so aggressive. That is the difference.
CFIN is for the defensive investor who wants to play safe. So not necessarily investors will switch over
LFIN has better ROE and cost structure because of its aggressive nature and leveraging. CFIN is not so aggressive. That is the difference.
CFIN is for the defensive investor who wants to play safe. So not necessarily investors will switch over
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Thanks FG. The CFIN dividend for 2015/16 is Rs. 4.00. The dividend yield is 1.68% (4/238).
The risk averse investors may opt a low dividend stable company.
The risk averse investors may opt a low dividend stable company.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Now we can revisit CFIN again...with 2015/16 annual report.
CFIN and PLC.N is engaged in finance business and the PAT is moving in close distance though Revenue moves in long distance.
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CFIN and PLC.N is engaged in finance business and the PAT is moving in close distance though Revenue moves in long distance.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
PE ratio of CFIN stays below 7 as well as PLC
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
this is not attractive to Dividend Hunters, but the company policy of paying less dividends compared to EPS makes the company strong in reserves.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
in recent shares I evaluated Net Asset value stays above Market value and it shows the ability to gain capital gains...
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Should a Finance company grow on a very fast track or should it move slowly and steadily with quality credit ?
This is a question where the answer depends on whether you see in the long term or short term.
CFIN is moving in slow but steady steps.
Fitch Ratings assigned CF with A+ (lka) national long term rating
CF continue to retain its position as the highest capitalized Licensed Finance company in the country with Core capital ratio of 29.91% and Supplementary capital with 30.21%.
Just a comparison of Capital Adequacy ratios of two commercial banks.
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Minimum requirement is 5% and 10% where almost all banks and finance companies have fulfilled that, but CFIN is the most prepared to shocks...
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Now I repeat the same question asked at the beginning...
Should a Finance company grow on a very fast track or should it move slowly and steadily with quality credit ?
This is a question where the answer depends on whether you see in the long term or short term.
CFIN is moving in slow but steady steps.
Fitch Ratings assigned CF with A+ (lka) national long term rating
CF continue to retain its position as the highest capitalized Licensed Finance company in the country with Core capital ratio of 29.91% and Supplementary capital with 30.21%.
Just a comparison of Capital Adequacy ratios of two commercial banks.
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Minimum requirement is 5% and 10% where almost all banks and finance companies have fulfilled that, but CFIN is the most prepared to shocks...
[You must be registered and logged in to see this image.]
Now I repeat the same question asked at the beginning...
Should a Finance company grow on a very fast track or should it move slowly and steadily with quality credit ?
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
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Looking good. Pity about the DY. So more LT counter than MT.
Looking good. Pity about the DY. So more LT counter than MT.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
2019/20
Central Finance has released its annual report and the company shows a steady growth over the years.
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yellow knife- Top contributor
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Join date : 2014-03-27
Company has done several splitting of shares and the EPS has changed accordingly.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
One should avoid buying shares during a bubble . 2011 showed the bubbling effect on CFIN.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
CFIN does not pay a higher amount as Dividends out of its Earnings.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
When PLC is chasing behind higher Volumes, CFIN gets satisfied with a slow and steady growth in Revenue.
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PAT of the both companies move in neck to neck level. However PLC makes unnecessary effort to reach the same or lower PAT.
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PAT of the both companies move in neck to neck level. However PLC makes unnecessary effort to reach the same or lower PAT.
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mymoney likes this post
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
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කිත්සිරි ද සිල්වා, mymoney and nuwanmja like this post
nuwanmja- Posts : 87
Join date : 2019-02-20
Age : 33
Location : Gampaha
great analysis YK.
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