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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CFVF Results

CFVF Results

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21CFVF Results - Page 2 Empty Re: CFVF Results Wed Jan 29, 2014 1:55 pm

Backstage


Moderator
Moderator
Sorry dindt read properly (even after what DG said) CFVF and MORI is what brought me back to green after the slog years. The memory of not selling JINS at 23/ still haunts me.

Last quarter was the steepest drop in rates right ? more so than the Jan drop.

22CFVF Results - Page 2 Empty Re: CFVF Results Wed Jan 29, 2014 1:58 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
Yes, mea Cupla too. Then I rotated my JINS to CFVF at the right time which helped me.



@Backstage wrote:The memory of not selling JINS at 23/ still haunts me.

23CFVF Results - Page 2 Empty Re: CFVF Results Sat Feb 01, 2014 1:15 am

Hawk Eye


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:Its true that there is a inverse relationship between bonds and interest rates, but I cant understand the connection between CFVF and Interest rates. If someone justifies that because of interest rates are comming down and the value of CFVF bond portfolio going up, for me its compensating the interest income with capital gains of Bond value.

On the other hand  because of the  interest rates comming down and argued that the margin trading activity will get a boosted and so the bottom line of CFVF, yes that makes some sense. But for CFVF its not happening that way yet.

Of the last 06 qtr reports , September is the worst. Can anyone justify that the Decmber will be the best

Did they prove anything with the falling interest rate for December Qtr. Its been worse

24CFVF Results - Page 2 Empty Re: CFVF Results Sat Feb 01, 2014 7:59 am

Slstock


Director - Equity Analytics
Director - Equity Analytics
I am not sure how accounting is done. Maybe accountant here can explain more.

Somewhere the TB rate drop from 10+ to 7 have to be considered/reflected. Okay between Sept- Dec 31st it dropped from 10 + to about 8%. So is the value gain just 111 million for assets over 10 Billion ? Now TB rate at 7%

I expect somehow their earnings to surpass last years by March 31st 2014. Looking at history, their QoQ income differs.

I see in Dec they increased their investments . If they know what they are doing , they would have a reason to do that. Jehan appears to be a capable guy ( I don;t know for sure)


Foregin holding increased a little by about 200000 shares this week.

Also the Corporate Debt, Share trading profits should pick up if rest of this year will be active. They are also looking at being an Investment bank .



@Hawk Eye wrote:
@Hawk Eye wrote:Its true that there is a inverse relationship between bonds and interest rates, but I cant understand the connection between CFVF and Interest rates. If someone justifies that because of interest rates are comming down and the value of CFVF bond portfolio going up, for me its compensating the interest income with capital gains of Bond value.

On the other hand  because of the  interest rates comming down and argued that the margin trading activity will get a boosted and so the bottom line of CFVF, yes that makes some sense. But for CFVF its not happening that way yet.

Of the last 06 qtr reports , September is the worst. Can anyone justify that the Decmber will be the best

Did they prove anything with the falling interest rate for December Qtr. Its been worse

25CFVF Results - Page 2 Empty Re: CFVF Results Sat Feb 01, 2014 8:19 am

econ


Global Moderator
@slstock wrote:I am not sure how accounting is done.  Maybe accountant here can explain more.

Somewhere the  TB rate drop from 10+ to 7 have to be considered/reflected.  Okay between Sept- Dec 31st it dropped from 10 + to about 8%.  So is the value gain just 111 million for assets over 10 Billion ?   Now TB rate at 7%  




@Hawk Eye wrote:
@Hawk Eye wrote:Its true that there is a inverse relationship between bonds and interest rates, but I cant understand the connection between CFVF and Interest rates. If someone justifies that because of interest rates are comming down and the value of CFVF bond portfolio going up, for me its compensating the interest income with capital gains of Bond value.

On the other hand  because of the  interest rates comming down and argued that the margin trading activity will get a boosted and so the bottom line of CFVF, yes that makes some sense. But for CFVF its not happening that way yet.

Of the last 06 qtr reports , September is the worst. Can anyone justify that the Decmber will be the best

Did they prove anything with the falling interest rate for December Qtr. Its been worse

Did you see the assets value in the balance sheets?? financial investments held for trading increase from 7 billion to 12 billion. So when they sell these investments, that may reflect in the income statement.

26CFVF Results - Page 2 Empty Re: CFVF Results Sat Feb 01, 2014 8:47 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Yes, already mentioned that in the rest of my post. Maybe you did not see.

Btw, the QoQ investment increased from 10.5 bil to 12.225 bil


@econ wrote:
@slstock wrote:I am not sure how accounting is done.  Maybe accountant here can explain more.

Somewhere the  TB rate drop from 10+ to 7 have to be considered/reflected.  Okay between Sept- Dec 31st it dropped from 10 + to about 8%.  So is the value gain just 111 million for assets over 10 Billion ?   Now TB rate at 7%  




@Hawk Eye wrote:
@Hawk Eye wrote:Its true that there is a inverse relationship between bonds and interest rates, but I cant understand the connection between CFVF and Interest rates. If someone justifies that because of interest rates are comming down and the value of CFVF bond portfolio going up, for me its compensating the interest income with capital gains of Bond value.

On the other hand  because of the  interest rates comming down and argued that the margin trading activity will get a boosted and so the bottom line of CFVF, yes that makes some sense. But for CFVF its not happening that way yet.

Of the last 06 qtr reports , September is the worst. Can anyone justify that the Decmber will be the best

Did they prove anything with the falling interest rate for December Qtr. Its been worse

Did you see the assets value in the balance sheets?? financial investments held for trading increase from 7 billion to 12 billion. So when they sell these investments, that may reflect in the income statement.

27CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 4:47 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
I see in Dec they increased their investments .   If they know what they are doing , they would have  a reason to do that.   Jehan appears to be a capable guy ( I don;t know for sure) - quote from above


http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

28CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 4:48 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

29CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 4:55 pm

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

Board room kachal ekak,

Resignation on the spot..

30CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 5:01 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Hope you are sure Malanp?
So it is a personal conflict is it and nothing to do with anything based on CFVF history
( you know what I mean) ?



@malanp wrote:
@slstock wrote:Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

Board room kachal ekak,

Resignation on the spot..

31CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 5:05 pm

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Hope you are sure Malanp?  
So it is a personal conflict is it and nothing to do with anything based on  CFVF history
( you know what I mean) ?



@malanp wrote:
@slstock wrote:Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

Board room kachal ekak,

Resignation on the spot..

Slstock
No I am not sure, It was my guess.

poor operational results, then resignation with backdate usually happens after boardroom dispute..

32CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 5:13 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
He was hired to make CFVF an investment Bank if I read correctly. Would like to know the reason for quitting.

Btw, when i last saw , he held over 300000 CFVF. If this happened 3 months ago and he wanted to sell his holding in market, CFVF would have had a big drop.

Fortunately there are buyers now absorb if that happens.


@malanp wrote:
@slstock wrote:Hope you are sure Malanp?  
So it is a personal conflict is it and nothing to do with anything based on  CFVF history
( you know what I mean) ?



@malanp wrote:
@slstock wrote:Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

Board room kachal ekak,

Resignation on the spot..

Slstock
No I am not sure, It was my guess.

poor operational results, then resignation with backdate usually happens after boardroom dispute..

33CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 5:30 pm

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:He was hired to make CFVF an investment Bank if I read correctly.   Would like to know the reason for quitting.

Btw, when i last saw , he held over 300000 CFVF.  If this happened 3 months ago and he wanted to sell his holding in market, CFVF would have had a big drop.

Fortunately there are buyers  now  absorb if that happens.


@malanp wrote:
@slstock wrote:Hope you are sure Malanp?  
So it is a personal conflict is it and nothing to do with anything based on  CFVF history
( you know what I mean) ?



@malanp wrote:
@slstock wrote:Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

Board room kachal ekak,

Resignation on the spot..

Slstock
No I am not sure, It was my guess.

poor operational results, then resignation with backdate usually happens after boardroom dispute..


people were highly excited what he joined, they had high hopes but he could not deliver what he promised or what people expected from him. Infact CFVF had poor operational profit which was his responsibility and higher investment profit which is due to CSE upturn. the first line of the qtr report which shows the gross income is enough to understand whether he is a success or failure. that is how a layman understand things.

possible scenario is He gave excuses but other board room members did not accept, so he quit immidiatly
otherwise as CEO he could have given three months notice period at least.

34CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 5:42 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
It could be a personal matter or another matter. i think you idea is speculation only.

It is unreasonable to expect huge results so quick. YoY earnings still not bad. QoQ revenue is not consisent in a business like CFVF.



@malanp wrote:
@slstock wrote:He was hired to make CFVF an investment Bank if I read correctly.   Would like to know the reason for quitting.

Btw, when i last saw , he held over 300000 CFVF.  If this happened 3 months ago and he wanted to sell his holding in market, CFVF would have had a big drop.

Fortunately there are buyers  now  absorb if that happens.


@malanp wrote:
@slstock wrote:Hope you are sure Malanp?  
So it is a personal conflict is it and nothing to do with anything based on  CFVF history
( you know what I mean) ?



@malanp wrote:
@slstock wrote:Unless there is a valid/personal reason, the below news is not good news

http://www.cse.lk/cmt/upload_cse_announcements/9741391424311_.pdf

Board room kachal ekak,

Resignation on the spot..

Slstock
No I am not sure, It was my guess.

poor operational results, then resignation with backdate usually happens after boardroom dispute..


people were highly excited what he joined, they had high hopes but he could not deliver what he promised or what people expected from him.  Infact CFVF had poor operational profit which was his responsibility and higher investment profit which is due to CSE upturn.   the first line of the qtr report which shows the gross income is enough to understand whether he is a success or failure. that is how a layman understand things.

possible scenario is He gave excuses but other board room members did not accept, so he quit immidiatly
otherwise as CEO he could have given three months notice period at least.

35CFVF Results - Page 2 Empty Re: CFVF Results Mon Feb 03, 2014 6:06 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The Shafters normally shaft the shareholders maybe this time they have decided to do the CEO (since anyway he is not a family member)

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