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Multi-finance and Entrust Securities ownership goes to their own Entrust Holdings

3 posters

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

The turnover for the day was Rs.1.3 billion and Rs.900 million was contributed by a crossing deal from Entrust Holdings.

Another crossing deal recorded today was the sale of 50 million shares of Asia Assets at Rs.1.90 a share.

Non-voting shares of Laugfs Gas and The Finance Company also showed activity today.

The newly established Entrust Holdings Company acquired shares of Multifinance Finance Company and Entrust Securities through two crossing deals a senior official of the company stated.

Accordingly, 28.6 million shares of Entrust Securities was acquired at Rs. 20.50 a share and 19 million shares of Multifinance were acquired at Rs. 16.60 a share by Enterprise Holdings.

Entrust Holdings has also acquired Serendib finance company and will also bring Entrust Wealth Management company under its umbrella as well.

Multifinance belonged to Chanuka Ratwatte's Entrust group and the Sriram group of companies which earlier belonged to the failed Ceylinco group also belonged to Multifinance.

The present management of Multifinance had apparently got rid of the previous management as a result of alleged financial improprieties.

http://profit.lk/index.php/markets/stock-market/item/305-multi-finance-and-enterprise-securities-ownership-goes-to-their-own-enterprise-holdings

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

MFL one of the illiquid stock and 8% shares only tradable in the market.
Last quarter 31 st march report Earning per share 3.32
in this bull run market it will move up

lakmal87


Manager - Equity Analytics
Manager - Equity Analytics

Gainer wrote:MFL one of the illiquid stock and 8% shares only tradable in the market.
Last quarter 31 st march report Earning per share 3.32
in this bull run market it will move up

Gainer
company last quarter EPS shold be 3.32/4 = Rs .83
( They showed Rs 3.32 annualized)

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

lakmal87 wrote:
Gainer wrote:MFL one of the illiquid stock and 8% shares only tradable in the market.
Last quarter 31 st march report Earning per share 3.32
in this bull run market it will move up

Gainer
company last quarter EPS shold be 3.32/4 = Rs .83
( They showed Rs 3.32 annualized)

No My Dear For the last quarter EPS 3.32

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Both are incorrect.

31 Dec 2013
9 month EPS = -4.77
31 March 2014
12 month EPS = -3.66

Last quarter EPS = -3.66 - (-4.77)
then Last Quarter EPS= 1.11

Report saying Annualized EPS = 3.22
but Correct Annualized EPS is = 1.11*4
it should be = 4.44

share price is around 19.5
then assume P/E ration End of the 31.03.2015 according to stock price(Now)= 19.5/4.44 =4.39

lakmal87


Manager - Equity Analytics
Manager - Equity Analytics

Gainer wrote:
lakmal87 wrote:
Gainer wrote:MFL one of the illiquid stock and 8% shares only tradable in the market.
Last quarter 31 st march report Earning per share 3.32
in this bull run market it will move up

Gainer
company last quarter EPS shold be 3.32/4 = Rs .83
( They showed Rs 3.32 annualized)

No My Dear For the last quarter EPS 3.32

My dear friend Gainer & stockback

last quarter profit was company Rs 18,671,000
Share Qty was compay = 22,479,032

EPS= profit/shares qty
= 18,671,000/22,479,032
= Rs .83


* they showed .83*4= Rs 3.32


= 18,671,000/22,479,032
= Rs .83

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

lakmal87 wrote:
Gainer wrote:
lakmal87 wrote:
Gainer wrote:MFL one of the illiquid stock and 8% shares only tradable in the market.
Last quarter 31 st march report Earning per share 3.32
in this bull run market it will move up

Gainer
company last quarter EPS shold be 3.32/4 = Rs .83
( They showed Rs 3.32 annualized)

No My Dear  For the last quarter EPS 3.32

My dear friend Gainer & stockback

last quarter profit was company Rs 18,671,000
Share Qty was compay                   = 22,479,032

EPS= profit/shares qty
    = 18,671,000/22,479,032
    = Rs .83


* they showed .83*4= Rs 3.32


     = 18,671,000/22,479,032
     = Rs  .83

Yes. You are Correct. report EPS calculations are incorrect.
I just read EPS. from Report.

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