The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
Dividend AnnouncementsTue Aug 04, 2020 5:21 pmRana
Gota's EraTue Aug 04, 2020 8:49 amyellow knife
SEYB.N0000 (Seylan Bank PLC)Fri Jul 31, 2020 8:37 amNIRMALSG
JKH.N0000Thu Jul 30, 2020 10:48 amThe Invisible
AIA InsuranceTue Jul 28, 2020 8:54 amThe Invisible
CCS.N0000 ( Ceylon Cold Stores)Sat Jul 25, 2020 9:29 pmSri
What to AnalyseFri Jul 24, 2020 9:27 amchutiputha
Happy BirthdayFri Jul 24, 2020 9:18 amchutiputha
AEL Technical AnalysisWed Jul 22, 2020 10:17 amBackstage
HAYC - HaycarbWed Jul 22, 2020 5:57 amserene
Trading Journal Tue Jul 21, 2020 10:09 amsmallville
SLTL.NThu Jul 16, 2020 9:48 amThe Invisible
Films - To Watch ListFri Jul 10, 2020 8:33 amyellow knife
Rajgama Heroes !Sun Jul 05, 2020 10:05 pmserene
LIOC.N0000 (Lanka IOC PLC)Tue Jun 30, 2020 8:00 amLSE
CFVF - First CapitalSat Jun 27, 2020 10:22 pmHUNTER
RCL - Royal CeramicsSat Jun 27, 2020 4:02 amdesh87
LOLC HoldingsMon Jun 22, 2020 3:40 pmRajapaksap
SAMP.N0000 (Sampath Bank PLC)Fri Jun 19, 2020 1:08 pmdakzsl
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
avatar
CSE.SAS
Posts : 263
Join date : 2014-02-23

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Tue Apr 18, 2017 10:14 pm
LOLC FINANCE PLC

Initiating Coverage - STRONG BUY

Current Price: LKR 2.1 Fair Value: LKR 3.7

“Gearing up for the Future”

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

LOFC has the second largest individual asset base in the Non-Banking Financial Institution (NBIF) sector in Sri Lanka, and is expected to grow at an impressive CAGR of c.25% in earnings during the period FY16-FY19E, to reach LKR 3.5Bn in FY19E. The company is expected to grow its earnings mainly through an increase in lending at a CAGR of c.15% to LKR 145.2Bn in FY19E along with improved Net Interest Margins (NIMs) of c.10.0% during the same period. FC Research expects LOFC to provide a total return of 76% at LKR 3.7. STRONG BUY

Change in Lending Portfolio mix to counter asset liability mismatch: In response to the past rising interest rate environment, a shift in the focus of the loan portfolio from long term products, leasing and loans, towards a short term product, factoring. This would help match the predominantly short term liabilities with the more long term asset base, and thereby reduce the exposure to NIM deterioration caused by the higher interest rates.

NIMs to improve with interest rate decline: NIMs expected to improve from c.8.5% in FY17E to c.8.7% and c.10.0% in FY18E and FY19E respectively. This is due to the time lag between the borrowings and lending re-pricing, where borrowing rates would decline at a faster rate than the lending rates in a declining interest rate environment which would in turn expand NIMs.

Reduced NPLs with improvements in the secondary market for vehicles: Reduction in NPLs with improvements in the second hand market for vehicles will have indirect positive effect on earnings through reduction in the loan loss provisions.

Investment Risk: Operating in the finance sector, LOFC is exposed to credit, market and regulatory risks.

LOFC to provide a total return of 76%: FC Research expect LOFC to achieve a fair value of LKR 3.7 providing a total return of 76% (Capital Gains 76%, Dividend yield 0%) over a 12-month period. [RI based LKR 3.5, Justified PBV based LKR 3.8, PER based LKR 5.0 and illiquidity discount of 10%].

Disclosure on Shareholding:

First Capital Group and its affiliates do not hold shares in LOFC. Neither First Capital Group nor its affiliates have traded in the shares in the three trading days prior to this document, and will not trade in the shares for three trading days following the issue of this document.

Discount for liquidity:

The fair value of LOFC has been adjusted 10% downwards to reflect the lower trading volumes of the share compared to the average trading volume of the market.
avatar
stockback
Posts : 202
Join date : 2014-04-03

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Tue Oct 09, 2018 3:27 am
SLSTOCK. please give me your idea about current situation about LOFC.

Di-Listing plan.

if they wants to di-list. idea about Stock Value(Price)

[You must be registered and logged in to see this link.]
slstock
slstock
Veteran
Veteran
Posts : 6089
Join date : 2014-06-12

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Tue Oct 09, 2018 11:08 am
stockback wrote:SLSTOCK. please give me your idea about current situation about LOFC.

Di-Listing plan.

if they wants to di-list. idea about Stock Value(Price)

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


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

_________________
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.]
---------
avatar
stockback
Posts : 202
Join date : 2014-04-03

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Wed Jun 05, 2019 10:14 pm
LOFC has very good performance

EPS 1.42. Net assets around 5.4

last month also they are saying De-list..

any idea......
avatar
serene
Top contributor
Top contributor
Posts : 4840
Join date : 2014-02-26

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Thu Jun 06, 2019 7:35 am
stockback wrote:LOFC has very good performance

EPS 1.42. Net assets around 5.4

last month also they are saying De-list..

any idea......

Surprise to see that no regards to Rights but De-List in your comment.
avatar
stockback
Posts : 202
Join date : 2014-04-03

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Fri Jun 07, 2019 4:10 am
serene wrote:
stockback wrote:LOFC has very good performance

EPS 1.42. Net assets around 5.4

last month also they are saying De-list..

any idea......

Surprise to see that no regards to Rights but De-List in your comment.

that is very good point.

RI =4.65 then what is De-list price. EPS 1.42 , NAVP = 5.42

today they have announcement still they saying about de-listing. if they de list then they will offer good price according to current situation.

if they wants to sale RI to another company then they can avoid de-listing. then they has to keep stock price up. to sale RI to another company. please think logically

according to my view this is best share in the CSE for this moment...

please give me your idea...
avatar
stockback
Posts : 202
Join date : 2014-04-03

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Fri Jun 07, 2019 5:42 am
[You must be registered and logged in to see this image.]

LOFC chart.
avatar
Fireandwater
Posts : 87
Join date : 2015-10-29

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Fri Jul 19, 2019 1:03 pm
On LOFC
PE is 2.7
PBV is 0.7
1% out of about 5Bn shares in the market. Rest owned by top 20%
LOLC ownes 93%

SLS or anyone genuine know any other information please.
Looks a decent share even if they de-list dont they have to give the shareholders close to book value which is Rs.5.40??
avatar
OSEAD
Posts : 1
Join date : 2020-07-29

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Wed Jul 29, 2020 11:43 pm
LOFC, NAV is Rs.5.96.
LOLC holds 94.3% shares from LOFC issued shares.
LOFC further announce to remove equity shares and list only debt securities. they awaiting regulatory approval.

[b]recent delist financial co. CSEC. JINS paid over 2 times from NAV.
we hope the best delisting price for LOFC.
I think, they already find an investor invest in debt securities in LOFC.

only need regulatory approval..

better to buy LOFC below NAV.
Good Luck.. Smile
Rational Investor
Rational Investor
Posts : 41
Join date : 2020-05-12

LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research Empty Re: LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research

on Thu Jul 30, 2020 9:03 am
Hope for the best.It will be a very handy return if this is going ahead. Smile

කිත්සිරි ද සිල්වා and lanka like this post

Back to top
Permissions in this forum:
You cannot reply to topics in this forum