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PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyYesterday at 8:18 pm by ruwan326

» Dividend Announcement
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyYesterday at 6:04 pm by Ethical Trader

» Browns Investments update
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyYesterday at 1:46 pm by The Invisible

» What Would You Do?
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 19, 2019 10:13 am by Topcat

» Thread for News on Local and Foreign Politics
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 19, 2019 6:32 am by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» Hayleys MGT
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyFri Aug 16, 2019 8:55 pm by ruwan326

» CFVF - First Capital
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyFri Aug 16, 2019 9:58 am by CK

» JINS.N0000 ( Janashakthi Insurance PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 14, 2019 4:57 pm by The Invisible

» Thread for News on CSE and SL Economy
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 14, 2019 9:22 am by The Invisible

» Ceylinco Insurance CINS
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 14, 2019 9:11 am by The Invisible

» Tourism Sector
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 14, 2019 4:55 am by NIRMALSG

» LIOC.N0000 (Lanka IOC PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 10, 2019 11:38 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 10, 2019 10:42 am by The Invisible

» Nestle NEST
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 10, 2019 10:28 am by The Invisible

» Ceylon Tobacco CTC
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptySat Aug 10, 2019 10:26 am by The Invisible

» Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි.
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyFri Aug 09, 2019 5:37 pm by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyFri Aug 09, 2019 5:07 pm by Ethical Trader

» VFIN - where the journey leads it?
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyFri Aug 09, 2019 9:21 am by ruwan326

» UAL.N0000 ( UNION ASSURANCE PLC )
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyFri Aug 09, 2019 9:20 am by ruwan326

» SPEN.N0000
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 10:20 pm by The Invisible

» Lanka Tiles
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 10:15 pm by The Invisible

» Expolanka
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 8:28 pm by ruwan326

» Tile - Snapshot
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 11:37 am by mymoney

» DPL.N0000 (Dankotuwa Porcelain PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 11:31 am by mymoney

» නිරුවත
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 9:36 am by කිත්සිරි ද සිල්වා

» HAYC - Haycarb
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyThu Aug 08, 2019 7:32 am by Beta

» WATA - Watawala
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 07, 2019 12:03 pm by lanka

» Chemanex
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyWed Aug 07, 2019 6:40 am by The Invisible

» East West properties
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyTue Aug 06, 2019 8:17 am by slstock

» CSE Market Wrap - 02.08.2019
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyTue Aug 06, 2019 6:59 am by pjrngroup

» Kandy Hotels
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyTue Aug 06, 2019 6:55 am by pjrngroup

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 05, 2019 10:07 pm by The Invisible

» 1000 Post Club | Celebration of a Great Milestone
PLC.N0000 ( People's Leasing and Fiance PLC)  EmptyMon Aug 05, 2019 6:25 pm by pathfinder

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PLC.N0000 ( People's Leasing and Fiance PLC)

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:20 pm

This company started as a fully owned subsidiary of People's Bank to cater into Indian Lien of Credit to lease Ashok Leyland buses.

Company had a perfect change in three phases.. Once as a private limited liability company , next as a limited liability and next as a listed company.

The information provided after 2011 is important for investors as IPO came in 2011. Unfortunately timing of IPO was not perfect. It was the aftermath of CSE bubble thus the share which came to market at 18 fell down continuously until 11.

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:22 pm

When compared with Central Finance there is a clear winning edge for the company since 2011

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:22 pm

EPS curve also confirm this clear change of PLC since 2011

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:24 pm

PAT also confirm the same drastic change since 2011

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:25 pm

Revenue is above 20 billion mark

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:26 pm

Revenue growth of CFIN was a steady line but PLC has improved substantially after 2011

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Post by yellow knife on Mon Aug 31, 2015 5:28 pm

Before 2010 revenue of both PLC and CFIN was more closely knit

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:29 pm

PE ratio of the company was often attractive until foreign buying started towards the company. Most of the time its top twenty list is without individual investors and purely by institutional investors..

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Post by yellow knife on Mon Aug 31, 2015 5:30 pm

The spread between highest price and lowest price during a specific period ( for an year) was high enough to attract traders as well.

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Post by yellow knife on Mon Aug 31, 2015 5:31 pm

PLC.N is also attractive to dividend hunters

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:35 pm

Following causes can be identified as causes behind sudden positive change since 2011

1. IPO which generated zero cost funds of Rs 8 Billion or the second highest IPO in Sri Lanka

2. Company was geared to grab the opportunity of sudden increase of vehicle registration

3. Company is not into land, gold and many other financial activities where other NBFIs into..

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:39 pm

As mentioned in NBFI thread its Fitch rating Lanka PLC rating confirms the sound financial situation of the company

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:41 pm

NBFI sector maintain sound capital adequacy ratios and PLC and CIFN situation is shown below..

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 5:48 pm

NPL ratio of PLC is proving the quality credit and it stood 25% up compared to last year but form the industry standard its one of the best.

PLC's NPL ratio for 2015 is 2.72% when the industry (NBFI) rate is 6.9%.

CFIN's NPL ratio for 2015 has risen by 36% to reach 4.53%.

Sector-wise NPL has risen by 20% for the financial year ending March 2015

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by yellow knife on Mon Aug 31, 2015 6:01 pm

Page 23 of 2015 annual report reveal

" People's Insurance prepares to meet the imminent transition withing the changing regulatory framework. the propose listing on the Colombo Stock Exchange is scheduled to take off by the end of 2015 and the risk based capital model will be implemented by 2016 as a mandate requirement."

PLC.N own Fleet Management, Micro Fiance, Property and Insurance as subsidiaries. Listing of People's Insurance which is ranking number 5th of non-life insurance for the third consecutive  year, will make the performance  attractive further.

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Post by yellow knife on Mon Aug 31, 2015 6:07 pm

PLC has been increasing the number of branches in 2013 drastically and the results is yet to be seen.

One concept of marketing is the moment supplier increase the availability ( no of branches) and affordability ( less rates, leasing for registered vehicles, etc) its revenue goes up

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Post by yellow knife on Mon Aug 31, 2015 6:10 pm

No of employees has been rising in a steady rate

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Post by yellow knife on Mon Aug 31, 2015 6:15 pm

For the first time I came across of calculating profit per employee in this company's annual report and that value is maintained around 3 Million

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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by HUNTER on Mon Aug 31, 2015 6:44 pm

Brilliant YK +

Profit per employee looks interesting.
Probably a good indicator to judge some government managed businesses.
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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by chutiputha on Mon Aug 31, 2015 6:48 pm

Thank U YK Sir...+++
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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by pathfinder on Mon Aug 31, 2015 7:22 pm

Good one YK very informative.+ from me Very Happy
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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by nihal123 on Mon Aug 31, 2015 8:10 pm

Thanks YK +
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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by Hybrid on Mon Aug 31, 2015 9:42 pm

This company is doing well and has also taperred down its interest rates on deposits. As YK quite correctly mentioned, the financials are improving QOQ and the trend continues.

this share is worth for the LT holding and could make a massive capital gain if one is patient.




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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by Backstage on Mon Aug 31, 2015 10:00 pm

Hybrid wrote:This company is doing well and has also taperred down its interest rates on deposits. As YK quite correctly mentioned, the financials are improving QOQ and the trend continues.

this share is worth for the LT holding and could make a massive capital gain if one is patient.





May I add, a strong parent in PB and a dividend hungry one to boot.
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PLC.N0000 ( People's Leasing and Fiance PLC)  Empty Re: PLC.N0000 ( People's Leasing and Fiance PLC)

Post by kass on Tue Sep 01, 2015 10:49 pm

Thsnks YK. PLC is the market leader in leasing I guess. good company for long term players
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