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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CFVF future

CFVF future

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1CFVF future Empty CFVF future Tue Feb 19, 2013 7:23 pm

NEM

NEM
Senior Equity Analytic
Senior Equity Analytic
CFVF which had a good history but recently struggled a lot due to a massive fraud, it seems that now it has recovered from the fraud and showing good profits in last 2-3 quarters,it is currently being traded below its NAV as well It has got the reputation as a good dividend paying company, would like to know experts view on this share and its future

2CFVF future Empty Re: CFVF future Tue Feb 19, 2013 7:49 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
What makes them a valuable company

3CFVF future Empty Re: CFVF future Wed Feb 20, 2013 12:38 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It's one of the few firms that really engages in bond trading - something I really believe in.

If you look at the profits of the banks, you will see a lot of it is due to foreign exchange trading and bond trading.

The Browns owner, became famous with First Capital when he took leveraged bets that the interest rate would go down. As the rates decreased he closed off his position to People's Bank at a massive profit. <- Nothing fraudulent here, just smart.

If your portfolio is large even a 0.1% change in the yield will net you millions in profits/loss

4CFVF future Empty Re: CFVF future Wed Feb 20, 2013 4:44 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
IMHO, Not only the future of CFVF,
its holders future is also good.

Dinesh and Manjula tried many ventures . Some succeeded. Some failed.
Somehow the best thing is they rightly disposed loss making businesses like supermarkets and Toy making and enhanced the ventures which suited to them.

I think now they are well matured and among the best to manage financials like CFVF.

Personal milestones: CFVF was the first company to publish my name in its 20 holder list ! - Thank you CFVF ! Smile

5CFVF future Empty Re: CFVF future Wed Feb 20, 2013 6:11 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ Chinwi

The Glory days for CFVF were in 2009/2010. Interest rates were volatile and Group eps as at 21st march 2010 were Rs 17. This share was around Rs 12 and went to Rs 60. Then they announced 3 for 1 Split and Rs 15 Dividend and share touched Rs 100. This all happened i think between sep 2009 and march 2010.
A lot of people bought between Rs 60 and Rs 100 due to split and Rs 15 Dividend. Then Price adjusted to Rs 20 and now i think for past 3 years share is fluctuating between Rs 10-Rs 20.

Future of this share will depend on;
a) Direction and Volatility of Interest rates
b) Duration and Maturity Profile of their Bond Portfolio
c) Yield to Maturity (YTM) of their Bond Portfolio held for trading (to determine lock in value of Interest rates of Bonds).

Definitely worth watching as Directors are buying shares for the past 6 months !

Btw - The first share i bought in the CSE was the IPO of CSEC (Central Securities) in i think 1986/1987. I applied for 1000 shares @ Rs 10 and i got 511 shares. CSEC then was sold by CFIN to the Schafter Family and became Kshatriya Holdings. Now it is Dunamis. and in Jan this year, CFVF stake is directly under Dunamis !



Last edited by The Alchemist on Wed Feb 20, 2013 6:48 pm; edited 1 time in total

6CFVF future Empty Re: CFVF future Wed Feb 20, 2013 6:40 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ Alchemist,

Yes. Due to its nature of business it gave fortune to the shareholders time to time.

In 2009 I was able to predict its EPS months before they announced. I collected between 9-12 and gave Buy strong signal to others too. When it reached 22/- all laugh at me for not selling with 100% return. Instead i collected more as per my salary permits because I was sure about an EPS higher than its trading price. Later sold it @ 65/- ( BTW, this time I do not expect that much ! Smile )

Central Securities also was one of my favorites in pre 2009 era. Actually when CSEC / CFVF ? reduced its capital people took it as a negative signal and panicked to dispose low. I collected. This time when they reported a fraud same thing happened. ( Occasional losses, fraud, low revenue due to drought , capital loss : I like them ! ) Razz

Both, Central Finance Venture Fund and Central Securities never gave me losses .

7CFVF future Empty Re: CFVF future Wed Feb 20, 2013 10:30 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@The Alchemist wrote:

Btw - The first share i bought in the CSE was the IPO of CSEC (Central Securities) in i think 1986/1987. I applied for 1000 shares @ Rs 10 and i got 511 shares. CSEC then was sold by CFIN to the Schafter Family and became Kshatriya Holdings. Now it is Dunamis. and in Jan this year, CFVF stake is directly under Dunamis !

Wow.. closer to chinwi's age or is it more? Wink

chinwi, how many year ur into investments now?? more than 20?

8CFVF future Empty Re: CFVF future Thu Feb 21, 2013 8:19 am

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Any detailed info about their current portfolio? Those who are familiar with their business and current shareholders, what is the EPS you guys predict for next quarters.

9CFVF future Empty Re: CFVF future Thu Feb 21, 2013 8:34 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
chinwi, how many year ur into investments now?? more than 20?

+ 25 years ( CSE)
Very similar to Alchemist; me too in 1987 or 88

10CFVF future Empty Re: CFVF future Thu Feb 21, 2013 9:44 am

Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Chinwi wrote:
chinwi, how many year ur into investments now?? more than 20?

+ 25 years ( CSE)
Very similar to Alchemist; me too in 1987 or 88

You must be very rich as other HNWI?

11CFVF future Empty Re: CFVF future Thu Feb 21, 2013 10:45 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
You must be very rich as other HNWI?

Not that much.

I have had opportunity and knowledge but I was doing this as a hobby and just to get extra income
Most of the time i was working outstations for the betterment of farmer community which I enjoy most.


BTW, I am not that old. Smile

12CFVF future Empty Re: CFVF future Thu Feb 21, 2013 11:10 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Seems you are in the upper naughty years ;-)

Btw, what was your profession if you do not mind telling?



@Chinwi wrote:
You must be very rich as other HNWI?

Not that much.

I have had opportunity and knowledge but I was doing this as a hobby and just to get extra income
Most of the time i was working outstations for the betterment of farmer community which I enjoy most.


BTW, I am not that old. Smile

13CFVF future Empty Re: CFVF future Thu Feb 21, 2013 1:32 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Seems you are in the upper naughty years ;-)

Btw, what was your profession if you do not mind telling?



@Chinwi wrote:
You must be very rich as other HNWI?

Not that much.

I have had opportunity and knowledge but I was doing this as a hobby and just to get extra income
Most of the time i was working outstations for the betterment of farmer community which I enjoy most.


BTW, I am not that old. Smile

If I am correct Ajith Devasurendra headed Royal Colleger cricket team in 1981. If 1981 is the final year of him in the school he must be 18-19 year old at 1981. Now he should be 51-52.
Our Chinwi, is a classmate of Deva.

14CFVF future Empty Re: CFVF future Thu Feb 21, 2013 5:06 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
අම්මෝ ඔය ඇති ! Wink

BTW, Seek-ing is perfect.

We were in Maths stream. Knew nothing about Commerce subjects.

15CFVF future Empty Re: CFVF future Thu Feb 21, 2013 8:52 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Chinwi wrote:අම්මෝ ඔය ඇති ! Wink

BTW, Seek-ing is perfect.

We were in Maths stream. Knew nothing about Commerce subjects.

Friend what is your personal opinion about the Orient Finance Plc, after the management change take place sometime back.

16CFVF future Empty Re: CFVF future Sun Mar 17, 2013 10:02 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
can they come up with good quarter this time and a hefty dividend?

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