Senkadagala Finance Company Limited - Trading

2011_NewComer · 26 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 10:49 am

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Join date : 2011-03-10

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 · 27 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 10:52 am

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Join date : 2011-03-10

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 · 28 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 12:41 pm

cse.alpha

Senior Manager - Equity Analytics

Posts : 336
Join date : 2011-01-28

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 · 29 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 1:30 pm

innam

Manager - Equity Analytics

Posts : 215
Join date : 2010-07-02

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 · 30 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 1:49 pm

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Join date : 2011-03-10

Thanks for sharing innam flower

Slstock · 31 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 4:49 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13355
Reputation : 1158
Join date : 2011-01-22

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 · 32 Re: Senkadagala Finance Company Limited - Trading Mon Mar 21, 2011 5:09 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13355
Reputation : 1158
Join date : 2011-01-22

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.