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CIFL disaster

+12
Chinwi
ONTHEMONEY
kalum
Jana
Gainer
salt
gamaya
Gaja
Slstock
indi009
NZ BOY
K&M
16 posters

Go to page : 1, 2  Next

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21CIFL disaster  - Page 2 Empty Re: CIFL disaster Mon May 20, 2013 10:14 pm

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I think the prices have already adjusted for its losses.

As a well established business in the finance industry the firm will rebound in time to come with overall economic growth attached with low lending rates prevailing. Just like Seylan bank. There are many finance company's worse than CIFL if we closely look in BS.

Pls got through the following links for information about Park Lane Residencies.

http://www.hitadsclassified.com/index.php?option=com_estateagent&Itemid=26&act=object&task=showEO&id=687

Overview
-----------
Park Lane Residencies, Homagama, is a Joint collaboration between ASPIC Homes (Pvt.) Ltd and the Urban Development Authority (UDA) and highlights one of the first Public Private Partnership( PPP) project valued at Rs. 1 billion .

The uniquely designed semi-luxury housing project consists of 171 units; each house offers maximum living space with three to four bedrooms for a very competitive price, targeted at middle class and upper middle class market.

All completed 74 luxury condominium units, under phase one, are built-in with all modern in-door amenities and main out door recreation facilities such as swimming pool and club house, gymnasium, library, Mini Super Market, Day Care Centre, children's play area, along with 24 hour security, and other common facilities and infrastructure. All the houses will be provided with Cable TV, telephone and Internet facilities.

22CIFL disaster  - Page 2 Empty Re: CIFL disaster Mon May 20, 2013 10:17 pm

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

We have to wait for Announcements to come!!!

23CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:03 pm

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

24CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:16 pm

salt


Vice President - Equity Analytics
Vice President - Equity Analytics

some rescue must be there
how this story is different from TFL

ONTHEMONEY
I asked you other day as well.
You don't disclose full information on Park lane residencies project
Have they sold all units?

25CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:22 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics

Chinwi wrote:Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

The interest expense is accumulated. It's a book entry and obviously gives a loss in P/L

It should be converted to shares

Anyway Janashakthi Limited must have some serious balls to hold those shares.

26CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:26 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

ACCESS ENGINEERING LIMITED also having 1 Million share

27CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 1:27 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

they have been selling down form 1 mil shares. Now 0.7 Mil not such a big holding .


Bond wrote:
Chinwi wrote:Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

The interest expense is accumulated. It's a book entry and obviously gives a loss in P/L

It should be converted to shares

Anyway Janashakthi Limited must have some serious balls to hold those shares.

28CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 5:59 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ONTHEMONEY wrote:We have to wait for Announcements to come!!!

what announcement?????

29CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:01 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Normally, Janashakthi Ltd is quite good in stock selection. If I am correct they traded 1M BFL from 70 to 280 within very short period.

30CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:04 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Guys do not misunderstand today is 21st May and this statement is as at 31st March 2013. From 31st March to todate more than 30 mil shares have been traded in the market.
I mean Janashakthi and Access both can sell off with in this period.
If not so it is ok. If they were the seller who is the buyer.
Now this share is more vulnerable for me to trade between 2.20 to 3.00 with in very short period. But still i am not in the mood to enter!

31CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:27 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Jana wrote:

But important If it is go down Don't sell yours.. keep it ... it will go up again very soon at least it will come back to this price level 2.50or 2.60 .. So if you can buy some @ 2/= level if it is possible ... average it ..or invest in another good pick and make money to cover this loss ..


Isn't it better to sell now @ 2.3 and collect @ 2 then rather than averagin? Then ur making ur losses less imo.

32CIFL disaster  - Page 2 Empty Re: CIFL disaster Tue May 21, 2013 6:30 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

m2_yapa wrote:Guys do not misunderstand today is 21st May and this statement is as at 31st March 2013. From 31st March to todate more than 30 mil shares have been traded in the market.
I mean Janashakthi and Access both can sell off with in this period.
If not so it is ok. If they were the seller who is the buyer.
Now this share is more vulnerable for me to trade between 2.20 to 3.00 with in very short period. But still i am not in the mood to enter!

Yes both Janashakthi and Access might have disposed it later!

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