FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» WIND FORCE WIND
by Wickyz Today at 6:53 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Today at 5:24 pm

» What will happen tomorrow?
by madukp Today at 2:25 pm

» Growing Fear
by Thushara Ayya Today at 10:56 am

» CHRISSWORLD THE IPO
by Eranx Today at 2:39 am

» Dipped Products, Haycarb well-positioned to benefit
by KingMaker2020 Yesterday at 9:40 pm

» GLAS will be winner with Super Gain.
by vijay singh Yesterday at 8:13 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 6:56 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by Beta1 Yesterday at 4:22 pm

» DIPD/HAYC/HAYL
by Mr. X Yesterday at 3:44 pm

» ALUMEX PLC (ALUM.N0000)
by Bakkabwoi Wed Apr 21, 2021 8:24 pm

» First capital holdings CFVF.N0000
by invest thinker Wed Apr 21, 2021 6:25 pm

» The market is not out to “get” you but is just flowing along, and your position just happens to be carried along with it.
by dayandacool Wed Apr 21, 2021 4:49 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by reyaz Wed Apr 21, 2021 4:15 pm

» KGAL - THE SLEEPING GIANT
by THASSIM Wed Apr 21, 2021 2:21 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Tue Apr 20, 2021 12:54 pm

» LDEV LDEV LDEV
by Eranga87 Tue Apr 20, 2021 10:27 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Tue Apr 20, 2021 7:42 am

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Mon Apr 19, 2021 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Mon Apr 19, 2021 6:14 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Alliance Finance Debenture Issue at a glance

Alliance Finance Debenture Issue at a glance

Go down  Message [Page 1 of 1]

1Alliance Finance Debenture Issue at a glance Empty Debenture Issue - Alliance Finance Tue Aug 27, 2013 5:07 pm

sriranga

sriranga
Co-Admin
Alliance Finance Debenture Issue at a glance Alli10
http://www.cse.lk/cmt/upload_cse_announcements/5001377601799_.pdf



Last edited by sriranga on Tue Sep 03, 2013 10:17 am; edited 1 time in total

http://sharemarket-srilanka.blogspot.co.uk/

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
It's midsize (large) firm with LKR 18.7 billion of assets & LKR 9.5 billion of deposits

Plan to raise LKR 1.7 billion
Its quite risky to invest in mid-low size finance companies now. My recommendation to anybody who plan to invest in debt products, not advisable to go for finance companies except top 2, CFIN & PLC.

I qualify, this is personal opinion

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Why ?



@salt wrote:

Its quite risky to invest in mid-low size finance companies now.

Fresher


Moderator
Moderator
so this is their 2nd debenture issue within one year.

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
You may see pressure on margins from two sides
Slow down in business
Increase in defaults of sub prime borrowers

Additionally,
Lost of pawning business
Raising funds in low rates environment
Tightening regulation may squeeze margins

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Actually don't you think the worst period in this financial crunch is behind us. Unless for the unforseen not sure why Govn should tighten policies more?


Selected companies with good management can withstand these issues like they have done in the past.

Just take Alli and have a look at Quarter report and what they say about Gold issue in annual report.

If not for impairment see where ALLI eps would be.

If gold price stabilize around $1300 this year , with 10% tax, it will be roughly less than 10% from March 3st price. Right now it is almost march 31st prices.

Some Fin companies have very low exposure to Gold. Other like ALLI has about 15%. If this is managed well , i don't see big issue in loss of business. These gold loans are mainly for short term basis and for urgent financial needs.


Raising funds : Let see whether this Debenture gets fully subscribed. So far raising fund have not been an issue right?






@salt wrote:You may see pressure on margins from two sides
Slow down in business
Increase in defaults of  sub prime borrowers

Additionally,
Lost of pawning business
Raising funds in low rates environment
Tightening regulation may squeeze margins

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Unfortunately, we never learn any lesson.
We were unable to select better shares, same way we are unable to select better debts. End of the day, all are pledges, wether it is fixed or not fixed. You make a judgement on the future capacity to pay returns.

Lets blame later on like we blame today.... For over priced IPOs, looting money through public offers..... EXPO, SHL, .... I may not remember all... Only to name a few

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Salt,

Just like in life, we know share market will not perform always. though we can try we cannot beat the market always with very share we hold. Any reason why positive earning companies last quarter are sold at a bargain prices now ( with the speculative going for a hit)?

The issue is good will get caught with the bad, when thigns are negative. We need to identify the good and be patient with them. Dividend paying shares are a bonus during these period as we get something.

One thing about finance companies, we can study there 5-10 year history to get an idea how strong the management is. Some of the issues we have now have been in the past and they got through them with time.

Collectively here we can identuy companies in trouble. How many of us predicted a Crisis for CIFL when it was Rs 7-9 even. How many warning we gave.

I am not saying all listed Fin companies at CSE are good. But we cna identify the one with growth potential right even during these bad times.

When there was fraud at CFVF and when it hit Rs 7 no one bought. Now it is the talk of forum.

Sometimes these crisis gives us opportunities.

BTw, a share ( not fin) you and I talked about is trading at bargains now.




@salt wrote:Unfortunately, we never learn any lesson.
We were unable to select better shares, same way we are unable to select better debts. End of the day, all are pledges, wether it is fixed or not fixed. You make a judgement on the future capacity to pay returns.

Lets blame later on like we blame today.... For over priced IPOs, looting money through public offers..... EXPO, SHL, .... I may not remember all... Only to  name a few

sriranga

sriranga
Co-Admin
Alliance Finance Debenture Issue at a glance Alli110
Alliance Finance Debenture Issue at a glance Alli210
Alliance Finance Debenture Issue at a glance All310
Alliance Finance Debenture Issue at a glance All1410
http://www.cse.lk/pdf/Alliance_Pros.pdf

http://sharemarket-srilanka.blogspot.co.uk/

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
5 year Zero coupon nominal rate of 23% , yield of 16.5%
Looks very good. In fact excellent compared to their rival ... SFIN 3 year rate was 14.25% with BBB ratings

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum