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

Senkadagala Finance Company Limited - Trading

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2011_NewComer


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

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


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


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.

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@cse.alpha wrote: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.

Thanks for the info. Where can we find that 'Introductory Document of SFCL'?

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@smallville wrote: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)..

Thanks for the advice. Smile

How to identify the correct time to enter? Is it Experience ? Very Happy

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@2011_NewComer wrote:

Thanks for the info. Where can we find that 'Introductory Document of SFCL'?

**

Copies of Introductory Document have been sent to all brokers - but only limited copies it seems.

Else the Managers to the Introduction, Capital Alliance should have copies (Tel - 2317777) or contact their broker Capital Alliance Securities.

innam

innam
Manager - Equity Analytics
Manager - Equity Analytics
here's the link for the intro doc.
https://www.senfin.com/images/sfcl_introdoc.pdf

The SEC and CSE should have made sure that this was available on the CSE webiste at least a week before the first trading day. The SEC is letting all the corner grocery shops go for IPOs and Introductions but the investors are kept in the dark about the financials.

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks for sharing innam flower

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@innam wrote:here's the link for the intro doc.
https://www.senfin.com/images/sfcl_introdoc.pdf

The SEC and CSE should have made sure that this was available on the CSE webiste at least a week before the first trading day. The SEC is letting all the corner grocery shops go for IPOs and Introductions but the investors are kept in the dark about the financials.

True. How does SEC/CSE expect investors to find this info to make a purchase decision? Get a feeling they might list this today when the Introduction is due tomorrow ;-)

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:
@innam wrote:here's the link for the intro doc.
https://www.senfin.com/images/sfcl_introdoc.pdf

The SEC and CSE should have made sure that this was available on the CSE webiste at least a week before the first trading day. The SEC is letting all the corner grocery shops go for IPOs and Introductions but the investors are kept in the dark about the financials.

True. How does SEC/CSE expect investors to find this info to make a purchase decision? Get a feeling they might list this today when the Introduction is due tomorrow ;-)

Hmm, on a quick outlook the company is not bad and appears to have potential. ( I have not studied in details but had a quick glance at the financial and prospects) . There was also a capitalization of reserves on Sept 2010. Hope people will not chase this to the roof like CDB Introduction without looking at the fair value of a share.

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