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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » L B FINANCE PLC (LFIN.N0000)

L B FINANCE PLC (LFIN.N0000)

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76L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 10:34 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Guys,

Please assess LFIN's potential;

SecurityIDNameTypeDescriptionProportionDividend
(Rs)
QuarterAnnounced
date
Price prior to
Anno.dt
Current/EX
Price
Price
Change
EX DatePayment
date
 
LFINN0000LB FinanceDDividend1.00Interim21-Mar-200683.0085.002.0030-Mar-200612-Apr
LFINN0000LB FinanceBBonus2 for 5  15-Aug-200679.7552.25-27.5009-Oct-2006 
LFINN0000LB FinanceRRights1 for 2 @17.00  19-Sep-200741.5025.00-16.5028-Nov-2007 
LFINN0000LB FinanceDDividend2.251st & Final02-Jun-200822.7519.25-3.5029-Jul-200804-Aug
LFINN0000LB FinanceRRights1 for 7 @17.00  02-Jun-200822.7519.25-3.5029-Jul-2008 
LFINN0000LB FinanceDDividend3.001st & Final26-May-200922.5036.0013.5001-Jul-200910-Jul
LFINN0000LB FinanceDDividend5.00Interim29-Apr-201094.2588.00-6.2507-May-201018-May
LFINN0000LB FinanceBBonus1 for 1  12-Jan-2011309.40147.10-162.3007-Mar-2011 View
LFINN0000LB FinanceDDividend3.501st & Final08-Jun-2011185.00175.80-9.2001-Jul-201107-Jul
LFINN0000LB FinanceDDividend5.001st & Final08-Jun-2012100.00121.2021.2002-Jul-201209-Jul
LFINN0000LB FinanceDDividend6.501st & Final03-Jun-2013129.90123.00-6.9001-Jul-201309-Jul
LFINN0000LB FinanceDDividend6.501st & Final02-Jun-2014116.00123.807.8001-Jul-201409-Jul
LFINN0000LB FinanceDDividend10.001st & Final22-May-2015202.00224.6022.6002-Jul-201510-Jul
LFINN0000LB FinanceSSub-Division1 INTO 2  20-May-2015185.90226.6040.7009-Jul-2015 
LFIN has gradually increased its Dividend payout ratio during the history and EPS is Rs 5.6 for 1Q 2015.(Annualized - Rs 22.4). Hence the PE is 6.0 times.

Therefore if we calculate the expected market value of LFIN @ following PE levels;

Market PE @ 8         = Rs 179.2
Market PE @10       = Rs 224.0
Sector PE @ 12.93  = Rs 289.63

Therefore in the worse case any investor would be in the safe side since it is trading at a PE of 6 times. 

Further LFIN maintaining a diversified portfolio of business. It contains Leasing/hire purchase, Islamic Financing, Mortgage Loans, Factoring, Micro Finance, Pawning, Margin Trading, etc. Also recently company has introduced an innovative product to capture an untapped market of informal money lenders @ a lower rate. I guess this would bombard the market @ lower rate compared to informal lenders with aggressive marketing strategies of LFIN coupled with riders recoveries at business points. This is first time a bank or a finance company approached this market.

Company has made losses with Gold pawning business during 2012. However company now have diversified its portfolio to minimize the risk. Currently LFIN concentrates only 8%-10% on pawning business out of their total advances portfolio. Hence diminishing Gold rate in global market is less impact-full compared to 2012. Further global gold rates are at the rock /bottom since 1970. 

Further LFIN main business is leasing. During 2014, the imports of electric hybrid vehicles to Sri Lanka accelerated by 175% in terms of volume and 223% in terms of value. Reduction of duties for hybrid electric vehicles during 2014 was the reason for this boom. Japan is the major import source ofhybrid electric motor cars to Sri Lanka accounting for more than 95% of the market followed by Germany.


Hybrid Vehicles imports during 2010-2014(Source - Chamber of Commerce)

 
Year Volume(No)  Value(Rs/Mn) 
2010            438.00                                   980.00
2011        5,927.00         14,440.00
2012        1,943.00                                5,439.00
2013        9,707.00         20,430.00
201426,729.00         66,004.00
This indicates the potential of the business and the trends for demand for hybrid vehicles has continues in 2015 as well.

Therefore considering the above facts I would like to recommend LFIN as a highly undervalue counter with high potential. Many investment funds, corporate investors eye as a medium/Long term investment due to its earnings potential and Dividend Yield . 

In my purview LFIN would be the next SDB....!

Happy Investments

77L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 11:14 pm

fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Good time ahead Very Happy

78L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Thu Aug 20, 2015 9:50 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Guys,

World Gold prices have risen recently. Good news for Banking and Finance industry,

http://www.kitco.com/charts/livegold.html
http://www.nasdaq.com/markets/gold.aspx

Happy Investments

79L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 12:01 am

bullseye


Manager - Equity Analytics
Manager - Equity Analytics
LFIN is gng down.. today price was around 128.5 

fallen from 134 to 128

80L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 9:13 am

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi guys,

Investments in stocks does not earn within a days, , months. We have to consider the value based on the current earnings, future earnings potential, external factors, quality of management, historical performance and many other criteria that could influence e financial statements. For example poultry sector is performing well and counter attractions is high. However during last couple of years no body worried to even buy or promote. Bit today it is a different story.

We have invest in stocks when everyone is rejecting. We have to sell when everyone following.That is the basic theory in investing stocks.

Hence price movement downward creates more opportunities to eaen more. Downward percentage based collection tactical method is something I adopt. No one has a perfect method in investing and we have our own methods to succeed. Many seniors in this forum follows different methods unique to them.

Happy Investments

81L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 5:05 pm

DANIDU


Manager - Equity Analytics
Manager - Equity Analytics
@ONTHEMONEY, yes I am agree with you and that will be great advice to new investors. Thank you for sharing valuable things on this forum.

82L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 7:59 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks mate.

We have to maintain the credibility of this forum for everyone to gain something. It may not be profits only but learning, knowledge, information, etc are few values that we all can add to this I guess. This may take some time and it will retain overall membership.

Happy Investments

83L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 9:27 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ONTHEMONEY wrote:Hi Guys,

World Gold prices have risen recently. Good news for Banking and Finance industry,

http://www.kitco.com/charts/livegold.html
http://www.nasdaq.com/markets/gold.aspx

Happy Investments
Good thing.
Will new goverment keep interest rate low?This is the major question for Banking and Finance industry if I am not wrong.
Shocked Shocked Shocked

84L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 9:40 pm

Teller

Teller
Moderator
Moderator
Due to Reaction of gold prices decline.


_________________




Teller said is said..

85L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 10:24 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Interest rate is a key concern for e industry. However we had a time period where lending rate was @ 24% - 26%. Interest rate depends upon inflation, exchange rate, etc. Currently we are facing e lowest ever interest rate for thw past decade. We may can experience an increase in interest rate where it could go up to 12% [present rate - 10%] subject to changes in above factors.
However currently all commodity prices are having a falling trend but e exchange rate is on e sidle lines. Considering these factors interest rate could remain constant till e year end.

However evwn if interest rates rises banks have collected enough low cost funds and already expanded the lending portfolio by 15% - 17% yearly. Hence if a rate hike applied they can lend at a slightly higher rate which ultimately earn more profits. Further they can attract more deposits at increased interest rate for future. Same thing occurred when interest rate was falling where everyone believed banks would loose since they have to lend @ lower rates. It is basically assets and liabilities management. Good institutions manage e cost of funds and earnings effectively to increase share holder value. If we look at COMB, SAMP, HNB, LFIN, COCR has perfectly managed it. Improved EPS,DY, Financials, etc are criteria we can measure it. pls look at e LFIN's potential in this topic where they grown its value to share holder in all times.

Further if we look at the gold price, all banks and finance companies in to gold business absorbed loss when they have lend at higher rates. Now they are lending against gold at a lower percentage and less penetrative on that market. Alternatively they concentrate on many diversified lending investments.Not like other businesses banks are sustainable since e portfolio is diversified.

Happy Investments

86L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sat Aug 22, 2015 10:39 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ONTHEMONEY wrote:Interest rate is a key concern for e industry. However we had a time period where lending rate was @ 24% - 26%. Interest rate depends upon inflation, exchange rate, etc. Currently we are facing e lowest ever interest rate for thw past decade. We may can experience an increase in interest rate where it could go up to 12% [present rate - 10%] subject to changes in above factors.
However currently all commodity prices are having a falling trend but e exchange rate is on e sidle lines.  Considering these factors interest rate could remain constant till e year end.

However evwn if interest rates rises banks have collected enough low cost funds and already expanded the lending portfolio by 15% - 17% yearly. Hence if a rate hike applied they can lend at a slightly higher rate which ultimately earn more profits. Further they can attract more deposits at increased interest rate for future. Same thing occurred when interest rate was falling where everyone believed banks would loose since they have to lend @ lower rates. It is basically assets and liabilities management. Good institutions manage e cost of funds and earnings effectively to increase share holder value. If we look at COMB, SAMP, HNB, LFIN, COCR has perfectly managed it. Improved EPS,DY, Financials, etc are criteria we can measure it. pls look at e LFIN's potential in this topic where they grown its value to share holder in all times.

Further if we look at the gold price, all banks and finance companies in to gold business absorbed loss when they have lend at higher rates. Now they are lending against gold at a lower percentage and less penetrative on that market. Alternatively they concentrate on many diversified lending investments.Not like other businesses banks are sustainable since e portfolio is diversified.

Happy Investments
Good explaination ONTHEMONEY.
drunken drunken drunken

87L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Sun Aug 23, 2015 6:57 am

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks mate.

88L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 25, 2015 12:39 pm

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think LFIN cmp is good to buy. 120.5

89L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Tue Sep 15, 2015 11:14 am

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
is there any special reason to LFIN coming down??

90L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Wed Sep 16, 2015 3:56 am

Teller

Teller
Moderator
Moderator
Yes,now its because of 70% lease issue and falling gold price too.


_________________




Teller said is said..

91L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Wed Sep 16, 2015 9:19 am

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:Yes,now its because of 70% lease issue and falling gold price too.
that means it's time to avoid this

92L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Tue Sep 22, 2015 8:35 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This year target price is around rs 190.00

93L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Wed Sep 23, 2015 6:14 am

nnk


Equity Analytic
Equity Analytic
@Teller wrote:Yes,now its because of 70% lease issue and falling gold price too.

Teller,

How this will impact for SDB. I am having 30% of my portfolio SDB. 
Please comment. 

Thanks

94L B FINANCE PLC (LFIN.N0000) - Page 4 Empty LFIN LFIN LFIN ???????????? Thu May 26, 2016 2:20 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
high divided Rs 7.50.but why its not moving.

95L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Thu May 26, 2016 2:29 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
really i cant understand what people think to buy share.even with good divided share price not adjust. what the reason for not move up????????

96L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Thu May 26, 2016 10:21 pm

reader


Senior Equity Analytic
Senior Equity Analytic
Dont worry bro. Hold on, you wont lose anything by holding this share.

97L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 12:43 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
only selling pressure.no buying.why.is it no good share to hold. please advice.

98L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 12:47 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
7.50 deelath watenawanee yako

99L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 12:50 pm

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Lfin witarak nemeine machan.honda ewa okkoma wage downne.up wenakota 10kwat yai

100L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 1:30 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
when up.only remain 3 days.after divided  also go down more than Rs 7.50

101L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 1:41 pm

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hanuma xd is 1st july

102L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 2:15 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
oh sorry.i did mistake.i thought June 01st

103L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 2:17 pm

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
anyway is this because of increase of vehicle price ?

104L B FINANCE PLC (LFIN.N0000) - Page 4 Empty Re: L B FINANCE PLC (LFIN.N0000) Fri May 27, 2016 2:23 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
is this become down with increase vehicle price

105L B FINANCE PLC (LFIN.N0000) - Page 4 Empty LFIN Superb Result Thu Jan 23, 2020 10:26 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Get married with LFIN, it will be better life partner for ever.

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