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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Senkadagala Finance Company Limited - Trading

Senkadagala Finance Company Limited - Trading

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ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Friends,
What do you think about arrival of Senkadagala Finance Company Limited to CSE..?
(i.e. with out an IPO)



Last edited by StockGuru on Sat Apr 23, 2011 4:00 pm; edited 1 time in total (Reason for editing : Spelling mistake)

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

Senkadagala Finance was formed in Kandy in 1968. Since then, the company has become one of the largest licensed deposit taking institutions registered with the Central Bank of Sri Lanka. From it's birth in Kandy, the company now has gone islandwide.

As at the end of financial year 2009/2010, the total assets of the company are 5.87 billion Rupees.

Annual reports and all relavent infor avialble here for download.

https://www.senfin.com/about_us.html#ar

Our previous discussion here:
http://forum.srilankaequity.com/t1333-senkadagala-finance-company-limited-introduction?highlight=Senkadagala+Finance



Last edited by milanka on Fri Mar 18, 2011 1:31 pm; edited 1 time in total (Reason for editing : Link Added.)

http://forum.srilankaequity.com/u188

sugandika

sugandika
Equity Analytic
Equity Analytic
@milanka wrote:

Senkadagala Finance was formed in Kandy in 1968. Since then, the company has become one of the largest licensed deposit taking institutions registered with the Central Bank of Sri Lanka. From it's birth in Kandy, the company now has gone islandwide.

As at the end of financial year 2009/2010, the total assets of the company are 5.87 billion Rupees.

Annual reports and all relavent infor avialble here for download.

https://www.senfin.com/about_us.html#ar


Great.. Thanks dude

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
can anybody tell me how this share is trade. Every first day who is the seller? The company or private placement share holders? Can we buy @ a fix price or will it rocket like CDB and come down?

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Existing share holders will sell openly in the market, so u can buy.. there'll be demand and supply accordingly.. I would not expect this to go up like CDB, but who knows Wink

WE have to do some analysis before buying this

sugandika

sugandika
Equity Analytic
Equity Analytic
@smallville wrote:Existing share holders will sell openly in the market, so u can buy.. there'll be demand and supply accordingly.. I would not expect this to go up like CDB, but who knows Wink

WE have to do some analysis before buying this

Any idea about the starting price....? Thanks Smile

sugandika

sugandika
Equity Analytic
Equity Analytic
Hi experts,

Any idea about the starting price...? Thanks

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@smallville wrote:Existing share holders will sell openly in the market, so u can buy.. there'll be demand and supply accordingly.. I would not expect this to go up like CDB, but who knows Wink

WE have to do some analysis before buying this

Here what do you mean by existing share holders? Is it those who bought shares from private placement, private right issue etc..?
My understanding is that company is listing brand new shares which is not owned by anyone (don't know whether it's a silly thinking Embarassed ). These new 53 million ordinary shares will be sold, and at the same time existing share holders will also sell if they wish to. That'll be in addition to the above 53 million. Isn't that how it happens?

When reading about CDB I read that 'The share which was pegged at Rs 15.00...'. So it had a initial value of 15 tagged but it start trading at 60? Similarly this will also have a initial value marked before it start trading right?

9Senkadagala Finance Company Limited   - Trading Empty I am not interest Fri Mar 18, 2011 9:24 pm

wallstreet


Senior Equity Analytic
Senior Equity Analytic
i am not interest this private placement thing, So I am not gonna buy

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
When a company is a private company, still there are share holders for it, so they can sell their ownership right through this introduction at any price (provided that buyers are there).. existing shares are sold and the money collected will be directed to the existing shareholders. This is an opportunity for them to either exit or make some profit..

More abt IPOs;
http://www.thinktrade.net/ipos.php

npc86

npc86
Manager - Equity Analytics
Manager - Equity Analytics
I'll never buy shares from the privet placement....
Because there are so many other counters to collect other than offering our poor money to such peoples.
Do not go for such collecting in privet placement counters in the first days of trading. Don't make panic buying just like IPO mind..

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@npc86 wrote:I'll never buy shares from the privet placement....
Because there are so many other counters to collect other than offering our poor money to such peoples.
Do not go for such collecting in privet placement counters in the first days of trading. Don't make panic buying just like IPO mind..
An Excellent vissoin... Thanks a lot !

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@npc86 wrote:I'll never buy shares from the privet placement....
Because there are so many other counters to collect other than offering our poor money to such peoples.
Do not go for such collecting in privet placement counters in the first days of trading. Don't make panic buying just like IPO mind..

As per the SEC announcement, PPs done on an IPO must stay abt 1yr for those shares to be traded in market.. So these bigh guys are stuck for a year with these money, if they do so, they gotta analyse the future prospects for the company and take it as a long term investment.. So I think its just ur view on these PPs as u mentioned.. Other than that nothing to be worried over a shares drop in the middle for profit taking..

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I am confused Shocked

Is the Introduction and Private placement is same thing or are you guys talking about two things Question

If I buy shares from Senkadagala finance on 22nd, I can sell them on the same day or any day later right?

Please explain pale

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Introduction and Private placement are two things..

Private placement - is a share sale. lets say before an IPO or an introduction at a reduced rate to attract investors..but as per new rules these investors must keep these shares for 1yr period before they can sell it.

Introduction - listening of a company in CSE. Listening of a company in share market can be done thru an IPO or an introduction. In an IPO news shares are issued hence company can raise money, in a intro-existing shares holders are given a exit route to sell those at a price where market buys it.. no new money is coming to the company.

If u buy shares from Senkadagala finance on 22nd, u can sell them on the same day or any day later, correct Wink

So u dont have to worry abt buying shares of an intro..

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks for the explanation smallville flower

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@newcomer
There is nothing to worry about buying from an introduction...but make sure that u are not buying those at the peak... (like CDB @ 150 levels)

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@tkc wrote:@newcomer
There is nothing to worry about buying from an introduction...but make sure that u are not buying those at the peak... (like CDB @ 150 levels)

Thanks tkc Smile

How about buying as soon as trading starts...then most probably it'll be at a lower level I guess. There can be cases like LGL (I have heard about that, wasn't trading at that time). But in general, most of them will go up right?

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Dont burn ur fingers just jumping in.. u gotta enter in the correct time or else u wont be able to sell it off (like CDB)..

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Let's put some initial numbers on the table:

Senkadagala Finance (SFCL) has 53.368 million shares - it is controlled by EW Balasuriya and Co, who together with Directors own around 90% of company. A further 7.7% is owned by senior management (2 persons mainly). There are in total only 19 shareholders of company.

Its unaudited net profit for 9 months ended 31st December 2010 was Rs161 million, which gives a 9 month EPS of Rs3. Its shareholder funds as at 31st dec 2010 were Rs1,029 million, which gives a book value of Rs19 per share.

CEO of Capital Alliance group, Mr. Ajith Fernando is on the board of Directors.

- All data from Introductory Document of SFCL.

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