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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CIFL Net asset value 8.5 , trading @ Rs 4/=

CIFL Net asset value 8.5 , trading @ Rs 4/=

Go down  Message [Page 1 of 1]

ddrperera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
profit also down in this quarter.it is the nature of finance company during this year.they also stuck with leasing and affect increase rates.any comments[list=1][*]



Last edited by slstock on Tue Aug 21, 2012 7:48 pm; edited 1 time in total (Reason for editing : I edited and corrected the title as NAV 21 is incorrect . If we say NAV is 21 and heavily trading at rs 4 can be misleading to some as buy signal.)

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
where did you find NAV 21?

It is 8.45 . See below.

http://www.cse.lk/cmt/upload_report_file/1083_1345115329.pdf

K.Haputantri

K.Haputantri
Co-Admin
@slstock wrote:where did you find NAV 21?

It is 8.45 . See below.

http://www.cse.lk/cmt/upload_report_file/1083_1345115329.pdf

These are unaudited accounts. I also saw its NAV as Rs:21.00 & EPS Rs:00.24 in their audited accounts received today in CD.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Okay the income for the year ended on march 31st is 0.24 according to them. YoY it is a drop from Rs 1.15 to 0.24.

There is something wrong with the NAV calculation in their annual report. Not sure how it is Rs 21. NAV should be around Rs 8,45. Are they taking the total shares on issue? But I need to double check again to mak sure I did not make a mistake.

@K.Haputantri wrote:
@slstock wrote:where did you find NAV 21?

It is 8.45 . See below.

http://www.cse.lk/cmt/upload_report_file/1083_1345115329.pdf

These are unaudited accounts. I also saw its NAV as Rs:21.00 & EPS Rs:00.24 in their audited accounts received today in CD.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Not possible.

To increase the NAV like this there should be notable indicators in other accounts.

In this kind of a rise, naturally we get info & hints about extraordinary success in its business , a big revaluation or a big boom in Stock market prices of its holdings.

As per un audited reports the NAVPS has gone down from 15/- to 8.40 within one year.

coolkane


Manager - Equity Analytics
Manager - Equity Analytics
companies earnings very poor.......

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
As far as I can remember CIFL came to the market when they were at the tip of brankrupcy.With IPO money they have postphoned that.

(Recently I did not check their financials)

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Whitebull wrote:As far as I can remember CIFL came to the market when they were at the tip of brankrupcy.With IPO money they have postphoned that.

(Recently I did not check their financials)

AS there are holder of CIFL here I will not explicitly mention my opinion to upset them.
All I can say is watch carefully the progess with this company if you have or planning to invest long term.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I'd also hold my tongue on their credibility.

This is the NAV as per their latest financials;

Share holder's Funds = 704770486

No of shares as of 30/06/12 = 83426733

NAV = 704770486/ 83426733 = 8.447

Previously they had 19739424 ordinary shares. After a 5 to 11 subdivision and 40 Mil released for IPO, they get 83426733 shares.

So if they divide the 704770486 value by after sub division shares of 43426732.8, they get an NAV of 16.22..

So the NAV dilution mainly due to the above factors IMO..

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
They have staed 21. Not 8,5 or 16.22.
They should not be doing this if it is intentional.

@smallville wrote:I'd also hold my tongue on their credibility.

This is the NAV as per their latest financials;

Share holder's Funds = 704770486

No of shares as of 30/06/12 = 83426733

NAV = 704770486/ 83426733 = 8.447

Previously they had 19739424 ordinary shares. After a 5 to 11 subdivision and 40 Mil released for IPO, they get 83426733 shares.

So if they divide the 704770486 value by after sub division shares of 43426732.8, they get an NAV of 16.22..

So the NAV dilution mainly due to the above factors IMO..

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@slstock wrote:They have staed 21. Not 8,5 or 16.22.
They should not be doing this if it is intentional.

@smallville wrote:I'd also hold my tongue on their credibility.

This is the NAV as per their latest financials;

Share holder's Funds = 704770486

No of shares as of 30/06/12 = 83426733

NAV = 704770486/ 83426733 = 8.447

Previously they had 19739424 ordinary shares. After a 5 to 11 subdivision and 40 Mil released for IPO, they get 83426733 shares.

So if they divide the 704770486 value by after sub division shares of 43426732.8, they get an NAV of 16.22..

So the NAV dilution mainly due to the above factors IMO..

That 21 figure on the AR could've been an error.. I cant find any calculation that match such criteria Wink

Amaratunga


Equity Analytic
Equity Analytic
It will surely be trading at Rs. 8 to Rs. 9 range soon. Just see, dont buy now but buy when it goes to Rs. 8 - 9 please becoursewe need to sell at that level

Thanks



Last edited by npp on Fri Jan 11, 2013 5:35 pm; edited 1 time in total (Reason for editing : removed color)

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As I person who stuck on this, I don't recommend this as a better pick. Quick profit is O.K. but it's risky to hold for a long time. Its small share quantity can fluctuate its price from hell to heaven.
Current price level seems to be O.K. and it may generate chances for short capital gains "if " market continually rise up. I remind you again, don't buy to retain.

Experts and risk takers can try, others can keep away. If you can play right, you will be a winner. Otherwise you'll be a fool of yourself.

Happy Trading!
Knowledge and Experience will show you the correct way!
Rational intelligence will carry you through the way to end! (Just a thought to think far) Very Happy

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
How do you compare CIFL with AAF?

sisira.wijeweera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
4.40 pruce is ok to buy please advice .... bounce

tharindu1


Senior Equity Analytic
Senior Equity Analytic
Dont worry ,next few days CIFL should be moving up @ 7-8

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