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

[NIRMALSG]

Seams non-banking finance companies will have difficult time ahead because of couple of factors as I could see in current situation.

* Economic downtrend
* High taxes on vehicles
* Low investments on developments projects

But these are good sectors which we could see excellent performance when market on uptrend. Even now also those are good places to invest on long term.

Hope to see uptrend movement on market soon.

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Sri Lanka non-bank lenders face asset quality, profitability pressure: Fitch

[Ethical TraderTop contributor]

Thanks YK.

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[Ethical TraderTop contributor]

Thanks Nirmalsg for sharing.

[NIRMALSG]

It seams market giving opportunity to investors to identify good sectors.
In PLC, its show steady growth in Net assents value per share. Also we could see foreign investors also interested on the finance sector with current market values.

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Market also continue with positive tread hope we could see great year ahead

[ruwan326]

Financial Performance- Period ended 30 June 2019


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[කිත්සිරි ද සිල්වාTop contributor]

PLC's WHT refund method is a joke.
It is good for institutional & big players but not small time investors like me.
They should have come up with a much easy way than this is my opinion.

[yellow knifeTop contributor]

2019/20

PLC recorded forever highest Revenue. However PAT has failed to represent that trend.

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[smallvilleTop contributor]

June qtr shud be lesser as well due to Covid effect.. Will share price make an adjustment after reports out?

And.. YK do u have any dividend hopes? in ard what time if so?

[desh87]

June qtr shud be lesser as well due to Covid effect.. Will share price make an adjustment after reports out?

And.. YK do u have any dividend hopes? in ard what time if so?

Personally I think they will declare 0.50 with the financials. Since the provisions for NPLs was considerable and looking at other finance company reports, PLC can make a surprise to the up side.

[Trend]

What will the effect be on Finance companies with the vehicle import ban?

[Defender]

What will happen to PLC if amalgation happens? is it a must?

[කිත්සිරි ද සිල්වාTop contributor]

Confirmation.

[yellow knifeTop contributor]

2020/21 ( company and not group)

PLC seems to be struggling at a PAT level of 4.5 Billion over seven years span.

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[yellow knifeTop contributor]

EPS of the company is also remainig flat  and eye to surpass the mark 3. But for an investor there is no difference of holding the share 7 years ago or now. 

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[yellow knifeTop contributor]

This is a company where market value even now is below net assets value per share.

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[yellow knifeTop contributor]

This company is very transparent in its operations and profit per employee is not often shown in many other listed companies. However the data analysis shows that profit per employee is on decline. 

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Even though employee contribution was on decline, the benefits have been on inclining trend.

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[yellow knifeTop contributor]

PLC .N 0000 is a well managed company which has been heavily depending on vehicle sector. When vehicle imports are restricted it affects to the performances. Yet the same government rule has helped to sky rocket the existing vehicles. It automatically force customers to pay rentals on time. Yet the covid lock downs made customers difficult to pay and the moratoriums provided safe passages.

Company has been a good dividend payer and by now scrip dividends have replaced the cash dividends .

[First Guy]

For last year PLC gave only scrip dividend quite understandably. The yield is good.

Only 0.02/- EPS for last quarter but a company like PLC is sure to bounce back. 

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[yellow knifeTop contributor]

but a company like PLC is sure to bounce back. 

Agree with you FG.. Thanks for contributing with your valuable comments and posts again.. Lets make this forum an interesting place to visit and hang around.

[HUNTERTop contributor]

PLC Technical Outlook:

PLC does not show any trend direction at the moment.
Price is ranging between 11.50 and 14/-.

We can expect it to bounce between the two levels for some time.

(it does give some trading opportunity though).

Breaking the price above 14 will start a new trend, but may take some time for that to happen.

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[BackstageTop contributor]

On top of all said about PLC, a State backed giant as the parent gives it a one up over other finco's on safety. People who ask me where to put FD, I always recommend PLC. Finco rates with state bank backin.

[HUNTERTop contributor]

On top of all  said about PLC, a State backed giant as the parent gives it a one up over other finco's on safety. People who ask me where to put FD, I always recommend PLC. Finco rates with state bank backin.

I am reviewing FD rates these days.
PLC rates are more or less same as banks' ; aren't they?

[BackstageTop contributor]

On top of all  said about PLC, a State backed giant as the parent gives it a one up over other finco's on safety. People who ask me where to put FD, I always recommend PLC. Finco rates with state bank backin.

I am reviewing FD rates these days.
PLC rates are more or less same as banks' ; aren't they?

I haven't checked lately. PLC usually a bit more than bank. I recommend it for the risk averse. Just as in shares it all depends on your risk diversity.

[yellow knifeTop contributor]

PLC is a well managed company. My above data is only about the Company where as a group PINS is performing very well and once that is consolidated the performance level moves up.

[BackstageTop contributor]

Is there a timeline for the consolidation ?