Banks, Finance and Insurance (BFI) - Guidance

Antonym · 1 Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 8:23 pm

Antonym

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I need guidance from this forum:

In the BFI sector, I own shares of HNB(X), JINS and NDB. I am planning to consolidate my holdings by investing in only 1 share in the sector. Thus, I intend to sell (at least) two of these shares and invest the proceeds in the best BFI share, i.e. the one that has the most potential for price increase, medium term (1-2 years).

I would appreciate your help in ranking them based on your opinion. My opinion is:
1. NDB
2. HNB(X)
3. JINS
4. Any other..?

Zero1 · 2 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 9:21 pm

Zero1

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1.jins
high devidend yeild around 10%, growth potential, good results, stable price, law beta value against ASPI and a considarable market share.

The Alchemist · 3 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 9:27 pm

The Alchemist

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@Antonym wrote:I need guidance from this forum:

In the BFI sector, I own shares of HNB(X), JINS and NDB. I am planning to consolidate my holdings by investing in only 1 share in the sector. Thus, I intend to sell (at least) two of these shares and invest the proceeds in the best BFI share, i.e. the one that has the most potential for price increase, medium term (1-2 years).

I would appreciate your help in ranking them based on your opinion. My opinion is:
1. NDB
2. HNB(X)
3. JINS
4. Any other..?

I would rank them as you have done.
Jins should anyway be switched to either of the other two.
Their maybe another. Maybe not the "best" BFI share but may have the most potential for price increase in the soonest timeframe. Is that elephants we hear ?!

Antonym · 4 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 9:30 pm

Antonym

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@The Alchemist wrote:

@Antonym wrote:I need guidance from this forum:

In the BFI sector, I own shares of HNB(X), JINS and NDB. I am planning to consolidate my holdings by investing in only 1 share in the sector. Thus, I intend to sell (at least) two of these shares and invest the proceeds in the best BFI share, i.e. the one that has the most potential for price increase, medium term (1-2 years).

I would appreciate your help in ranking them based on your opinion. My opinion is:
1. NDB
2. HNB(X)
3. JINS
4. Any other..?

I would rank them as you have done.
Jins should anyway be switched to either of the other two.
Their maybe another. Maybe not the "best" BFI share but may have the most potential for price increase in the soonest timeframe. Is that elephants we hear ?!

Thanks, Alchemist - Nice cryptic clue! Smile

See why I'm undecided..? Zero1 recommends JINS for various reasons, whereas you say it should be disposed of.

Leon · 5 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 10:19 pm

Leon

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@The Alchemist wrote:

@Antonym wrote:I need guidance from this forum:

In the BFI sector, I own shares of HNB(X), JINS and NDB. I am planning to consolidate my holdings by investing in only 1 share in the sector. Thus, I intend to sell (at least) two of these shares and invest the proceeds in the best BFI share, i.e. the one that has the most potential for price increase, medium term (1-2 years).

I would appreciate your help in ranking them based on your opinion. My opinion is:
1. NDB
2. HNB(X)
3. JINS
4. Any other..?

I would rank them as you have done.
Jins should anyway be switched to either of the other two.
Their maybe another. Maybe not the "best" BFI share but may have the most potential for price increase in the soonest timeframe. Is that elephants we hear ?!

Is it Bimputh Finance???

The Alchemist · 6 Re: Banks, Finance and Insurance (BFI) - Guidance Sat Feb 16, 2013 10:32 am

The Alchemist

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@ Antonym
"See why I'm undecided..? Zero1 recommends JINS for various reasons, whereas you say it should be disposed of."

Nothing wrong with Jins. Based on their FY 2011 & their 6 months FY 2012 earnings, they should make approx Rs 1.50 per share. based on average share price of Rs 11, its trading at a p/e of 7.
It gave a Rs 1 dividend in Aug 2012, so you may have to wait till august 2013 to get a 9 % dividend yield. Its a good solid defensive stock to hold/ buy at the height of a bull market when other stocks look expensive. To me now, Jins looks like "money in the bank" and considering the volatile nature of our market, the political, economic and social issues and current sentiment prevalent, i would rather have the money in the bank (than owning Jins) or if i wish to remain in the market, pick a faster growing, lower p/e stock with a story (i.e. expectation of some positive event happening in the company or sector that will give me capital appreciation). Jins may not fit that bill but then i may be wrong or missing something.

The Alchemist · 7 Re: Banks, Finance and Insurance (BFI) - Guidance Mon Mar 04, 2013 8:27 pm

The Alchemist

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@The Alchemist wrote:@ Antonym
"See why I'm undecided..? Zero1 recommends JINS for various reasons, whereas you say it should be disposed of."

Nothing wrong with Jins. Based on their FY 2011 & their 6 months FY 2012 earnings, they should make approx Rs 1.50 per share. based on average share price of Rs 11, its trading at a p/e of 7.
It gave a Rs 1 dividend in Aug 2012, so you may have to wait till august 2013 to get a 9 % dividend yield. Its a good solid defensive stock to hold/ buy at the height of a bull market when other stocks look expensive. To me now, Jins looks like "money in the bank" and considering the volatile nature of our market, the political, economic and social issues and current sentiment prevalent, i would rather have the money in the bank (than owning Jins) or if i wish to remain in the market, pick a faster growing, lower p/e stock with a story (i.e. expectation of some positive event happening in the company or sector that will give me capital appreciation). Jins may not fit that bill but then i may be wrong or missing something.

@ Antonym
I stand corrected.
JINS has outperformed earnings expectations based on 2011 results and 6 months 2012 results.
EPS is Rs 2.20 up 50 % from my anticipated Rs 1.50, so different story altogether.
The Dividend Payout will be interesting to see.
CINS earnings also up sharply so have to review the Insurance Sector.

Antonym · 8 Re: Banks, Finance and Insurance (BFI) - Guidance Thu Mar 21, 2013 4:23 pm

Antonym

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Thanks for the advice, guys...

I finally took a decision and sold NDB at Rs 162.50 today.

HNB(X) and JINS seem to have some steam still left in them... Holding for now; might sell closer to the dividend date..

Backstage · 9 Re: Banks, Finance and Insurance (BFI) - Guidance Thu Mar 21, 2013 6:36 pm

Backstage

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I decided to hold on to HNB X NDB and SAMP for the long term. to hold on to those I am shedding JKH at a modest profit and going to start selling JINS from 13, hopefully to 15.

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Banks, Finance and Insurance (BFI) - Guidance

1 Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 8:23 pm

Antonym

2 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 9:21 pm

Zero1

3 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 9:27 pm

The Alchemist

4 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 9:30 pm

Antonym

5 Re: Banks, Finance and Insurance (BFI) - Guidance Fri Feb 15, 2013 10:19 pm

Leon

6 Re: Banks, Finance and Insurance (BFI) - Guidance Sat Feb 16, 2013 10:32 am

The Alchemist

7 Re: Banks, Finance and Insurance (BFI) - Guidance Mon Mar 04, 2013 8:27 pm

The Alchemist

8 Re: Banks, Finance and Insurance (BFI) - Guidance Thu Mar 21, 2013 4:23 pm

Antonym

9 Re: Banks, Finance and Insurance (BFI) - Guidance Thu Mar 21, 2013 6:36 pm

Backstage

10 Re: Banks, Finance and Insurance (BFI) - Guidance

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