TFIL results as at 30/06/2014
EPS = 0.97
Annualized EPS = 0.97*4 = Rs. 3.88
PE = 28/3.88 = 7 times
NAV = Rs. 14.93
COCR results as at 30/06/2014
EPS = 1.72
Annualized EPS = 1.72*4 = Rs. 6.88
PE = 44/6.88 = 6.5 times
NAV = Rs. 13.26
TFIL is part of COCR and now we can see TFIL moving towards Rs. 40/=. If COCR management wishes to delist TFIL they might offer 1 COCR to 1 TFIL. I think TFIL shareholders are always winners.