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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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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
BLI.N0000 ( Bimputh Finance PLC ) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
BLI.N0000 ( Bimputh Finance PLC ) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
BLI.N0000 ( Bimputh Finance PLC ) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
BLI.N0000 ( Bimputh Finance PLC ) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
BLI.N0000 ( Bimputh Finance PLC ) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
BLI.N0000 ( Bimputh Finance PLC ) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
BLI.N0000 ( Bimputh Finance PLC ) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
BLI.N0000 ( Bimputh Finance PLC ) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
BLI.N0000 ( Bimputh Finance PLC ) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
BLI.N0000 ( Bimputh Finance PLC ) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
BLI.N0000 ( Bimputh Finance PLC ) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
BLI.N0000 ( Bimputh Finance PLC ) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
BLI.N0000 ( Bimputh Finance PLC ) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
BLI.N0000 ( Bimputh Finance PLC ) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
BLI.N0000 ( Bimputh Finance PLC ) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
BLI.N0000 ( Bimputh Finance PLC ) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
BLI.N0000 ( Bimputh Finance PLC ) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
BLI.N0000 ( Bimputh Finance PLC ) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
BLI.N0000 ( Bimputh Finance PLC ) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
BLI.N0000 ( Bimputh Finance PLC ) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
BLI.N0000 ( Bimputh Finance PLC ) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
BLI.N0000 ( Bimputh Finance PLC ) EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    BLI.N0000 ( Bimputh Finance PLC )

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    Post by yellow knife Mon Oct 12, 2015 5:09 pm

    Every Sri Lankan successful businessman prefer to start up a finance company. Mr. Daya Gamage is a self-made businessman who started from scratch and from Eastern Province of the country.

    In Sri Lankan post independence history its was Mr R. Premadasa who pushed businessmen into manufacturing sector. During his era apparel industry  was the main focus of every businessman and after his death businessmen slowly selected relatively passive service industry.

    Daya Group by now consist of garment industry, property development, import export trading, aviation , tourism, agriculture, information technology and with Bimputh Finance include Fiance sector.

    BIL became noteworthy last year

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    Post by yellow knife Mon Oct 12, 2015 5:11 pm

    It has not declared dividends so far

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    Post by yellow knife Mon Oct 12, 2015 5:13 pm

    Growth of Net Assets was a very slow upward movement

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    Post by yellow knife Mon Oct 12, 2015 5:21 pm

    One important feature of the company is its lowest NPL so far I've seen in fiance field.

    Non Performing Advances (NPA) at reporting date amounted to Rs 28.4 Million or 0.92 per cent of the portfolio. The corresponding figures at previous year end were Rs 17.1 Million and 1.73% respectively. The NPA ratio of 0.92 is really a bench mark specially for a firm depending on Micro Fiance.

    During the year company provided Rs 52.9 million as impairment loss on financial assets increasing the total loan loss provisions to Rs 69.5 million. Almost the entirety of NPA is in agricultural and personal loan category.

    Basically these numbers shows if you take absolute value Non Performing Advances have gone up from 17 Million to 28 Million.

    But NPA ratio has come down as the Total Revenue has increased.

    Thus in NBFI sector NPA value is a relative figure where its real impact can be concealed with increase of Income.
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    Post by yellow knife Mon Oct 12, 2015 5:23 pm

    There were two rights issues during the short period of listing. It is one way for the owners to increase capital to pave way for growth of the company.

    RIGHTS ISSUE DATES   
    23 November 2012
    Date of Initial Announcement: - 26-Oct-2012
    Proportion: - One (01) new ordinary share for every three (03) shares held
    Issue Price: - Rs.11.50/-

    RIGHTS ISSUE   
    11 April 2014
    Date of Initial Announcement: - 24.Mar.2014
    Proportion: - One (01) new ordinary share for every One (01) existing ordinary share
    Issue Price: - Rs. 12.50
    Qty Offered: - 26,933,336
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    Post by yellow knife Mon Oct 12, 2015 5:27 pm

    Today the company announced a sub-division on over-heated share.

    The share was last traded at Rs 138.70.(12th Oct 2015)

    For a long-term holder this is not at all the right time to enter. Further a company which has not so far paid dividend is not at all suitable for a dividend hunter.

    Considering the EPS company is in a position to declare a maiden dividend soon.

    These shares are traders heavens and only technical aspect will justify the buying.
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    Post by yellow knife Mon Oct 12, 2015 5:42 pm

    Cartoonist Walter Disney used to say that its difficult to compare between one.

    So lets compare BLI with PLC. These two companies data appear since 2012 as both got listed in same year.

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    Post by yellow knife Mon Oct 12, 2015 5:44 pm

    Such a over valued share becoming sky rocketing can only be justified using technical charts .
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    Post by yellow knife Mon Oct 12, 2015 5:51 pm

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    Post by chutiputha Mon Oct 12, 2015 10:09 pm

    Thank U Sir,I never looked on this counter earlier Smile
    Interesting Smile
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    Post by smallville Tue Oct 13, 2015 7:15 am

    yellow knife wrote:Such a over valued share becoming sky rocketing can only be justified using technical charts .

    Well techs have no explanation either.. this is pure manipulation. We called this speculation sometimes where ppl take it to higher and higher without any apparent reason..
    One fact is the liquidity - this is illiquid if you ask me. Few shares are needed to take it up 3-4 rupees. Yesterday as I can remember this was up from 135 to 147 in no time and with less than 10K shares. Then it traded downwards-upwards and finally settled low.

    So should we guess it has to stay below 140? I dont think so.. with 20 days for subdivision, there's much to expect. Will they deliver soon?

    And the other thing I feel is its not prudent to compare PLC with BLI cuz that's like ur comparing a giant with a dwarf. BLI is also into micro so perhaps if you take COCR, imo it would suit more.
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    Post by yellow knife Tue Oct 13, 2015 7:18 am

    Agree with you Small

    Apples should be compared with apples and not with olives.

    However I just took PLC to show that BLI is over valued.
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    Post by Market lover Wed Oct 14, 2015 1:23 pm

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    Post by yellow knife Wed Oct 14, 2015 1:34 pm

    Thanx Market Lover

    Oct 14, 2015 (LBO) – Fitch Ratings Lanka has assigned Sri Lanka’s Bimputh Finance plc with a national long-term rating of ‘BB(lka)’ and a stable outlook.
     
    The full statement follows: 
    Fitch Assigns ‘BB(lka)’ Rating to Bimputh Finance; Outlook Stable 
    Fitch Ratings Lanka has assigned Sri Lanka-based Bimputh Finance PLC (Bimputh) a National Long-Term Rating of ‘BB(lka)’ with a Stable Outlook.
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    Post by BullvsBear Wed Oct 14, 2015 3:56 pm

    YK,

    Did you notice today's trading ...
    Somebody grab 18000+ quantity in one shot at Rs 131/- ..

    IMO- BLI will give another major trading opportunity for us... Very Happy
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    Post by yellow knife Wed Oct 14, 2015 5:01 pm

    BB

    Its like this... when you are into trading you should be very clear that you are trading...

    That is timing is very important...If timing is wrong then immediately turn to stop loss...
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    Post by BullvsBear Wed Oct 14, 2015 5:28 pm

    Very True....Y K

    Lot of positives for BLI... Very Happy
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    Post by smallville Fri Oct 30, 2015 9:25 am

    This was trying to get pushed up above 140 but by noon sell orders drag this to 136s again.. yesterday 32k vol traded.

    However, Last time the run from 90s was initiated after 6days from P.SAR signal. MACD confirmation came at 118.

    PSAR has turned now.. traded 3 days as well.
    Bollinger bands hav squeezed - meaning a breakout is near..
    MACD confirmation - Pending.. however, last time it was delayed.

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    Post by yellow knife Fri Oct 30, 2015 9:26 am

    Thanx for Technical updates small
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    Post by Nuinth Fri Oct 30, 2015 1:36 pm

    smallville wrote:This was trying to get pushed up above 140 but by noon sell orders drag this to 136s again.. yesterday 32k vol traded.

    However,  Last time the run from 90s was initiated after 6days from P.SAR signal. MACD confirmation came at 118.

    PSAR has turned now.. traded 3 days as well.
    Bollinger bands hav squeezed - meaning a breakout is near..
    MACD confirmation - Pending.. however, last time it was delayed.

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    Thx Small,

    I also looking with few hundreds... Embarassed
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    Post by pathfinder Fri Oct 30, 2015 6:22 pm

    Being a highly illiquid share the normal conventional technicals may not work for BLI.
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    Post by sashimaal Mon Nov 09, 2015 5:33 pm

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    Post by pee ratio Mon Nov 09, 2015 7:57 pm

    sashimaal wrote:[You must be registered and logged in to see this link.]

    adey when i looking at shareholding list i am seeing shareholders 9 and 10 as

    9.  FIRST CAPITAL MARKETS LIMITED/PATTON INVESTMENTS (PVT) LIMITED 800,000 1.49 %
    10. FIRST CAPITAL MARKETS LIMITED/ROMMEL INVESTMENTS COMPANY (PVT) LTD 800,000 %

    aney i am getting scared men. Patton & Rommel comming to invest like no ? Patton was American 5 star General and Rommel was Field Marshall for Hitler in North Africa in World War 2. Rommel also knoed as Desert Fox.  Now what are the Buggers doing here ah ? Re-Incarnation dey ? we are finished then already one field marshal here too many. not know what the Fox Ran-Nil will do. No desert for him only soup. always he in a soup like. now apey Maara pannah has also eloped with Avanthi Gardener.  

    But Pee liking that Gammey fellow. he saving stock market. but Patton & Rommel is tricky. Hitler also must be around no. Tora Tora Tora deh ?
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    Post by Future123 Mon Nov 09, 2015 9:07 pm

    Quiet amazing how BLI made Rs. 176 million quarterly profit up from Rs.43 million which is 304% increase.

    They have heavily borrowed. Amount due to banks and other institution is Rs. 4.7 billion compared to Rs.1.1 billion a year ago. This is over 400% increase. They are getting maximum benefit from the government banks through political influence.

    BLI mainly in to micro finance and grameen. They charge excessive interest rates for these loans and hence the profit margin is much higher.

    I would like to see VFIN also shifting to micro finance. VFIN made only Rs. 110 million for September quarter but BLI made Rs. 176 million for September quarter.

    Still BLI is much over valued counter and it's good only for trading.
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    Post by smallville Tue Nov 10, 2015 7:54 am

    For the last 6 months;

    Equity holders show a 495% increase with 312 million profits. EPS is Rs. 5.79.

    On Assets side;

    - Loans and advances improved to 5.22 billion from 3,09 billlion. That's a 69% growth.
    - Cash and bank balances improved to 387.7 million from 181.18 million. That's again 114% increase.

    On Liabilities side;
    - Due to banks & other institutions increased to 4.74 billion from 2,563,278,338
    billion. That's 85% increase.

    Now NAV has improved to 22.25 from 16.47. This translate to 6 PBV where its really high for a financial institute.
    However, we've seen this typical growth from COCR as well when the share price was around 15-20. Their PBV was over 3.0 and was a growing company.

    - Customer Deposits improved to 629 million from 495 million. A 27% increase.
    - Borrowings increased by 2.5% to 2.17 billion from 2.12 billion.

    There are 53.86 million Ordinary Shares. Would get doubled by 2 days.

    Micro business is tricky. Big companies have a difficulty in reaching rural areas as only daily collections would do the trick. Practically small players have the ability to carry out this "collection" task with area managers appointed.

    Anyways, BLI's results are astonishing imo.. I hope the share price wont disappoint us Smile

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