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1FINANCE AND LEASING SECTOR Empty FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:03 pm

EquityChamp

EquityChamp
Moderator
Moderator

Thought it is good to compare these two companies since these two are subjected to very hot discussion in this forum. A summary of the comparison given below.


  • BLI has shown a double or triple growth in their loan book as well as interest income while SFL is just normal growth.
  • Also both BLI & SFL have same amount of loan book but BLI earns twice as much as interest income compared to SFL, how come is a question to me.
  • On the other hand both companies have similar amount of interest expenses but BLI finances its loan book mainly from borrowings which are supposed to be higher than customer deposits while SFL mainly finances through customer deposits. In fact SFL's deposit base is more than 100% higher than BLI. Therefore ideally SFLs interest cost should be much less than BLI but it is not the case, why is another question to me.
  • BLI generates much superior ROE compared to SFL and BLI's share price also trading on the floor very aggressively compared to SFL. In fact BLI have very high negative valuation gap whereas SFL has a positive valuation gap. So comparatively BLI is expensive than SFL at the moment.
  • So now my feeling is there is some thing wrong either in BLI or SFL. Now I will open this discussion for the forum members to express more views. In fact that will help to understand true state of affairs of this two.

       



2014/159M 2015/16
BLISFLBLISFL
Rs mnGrowthRs mnGrowthRs mnGrowthRs mnGrowth
Interest income672143%         1,0516%         1,546207%            8174%
Interest expense174110%            620-7%            421223%            444-5%
PAT144125%27.5-67%            514376%               84307%
Deposits         1,06695%         5,37919%         2,02590%         5,6675%
Loans & advances         3,091212%         4,93610%         5,42375%         5,3498%
CMP (Rs)         40.40       179.90          63.10          16.70 
PER (times)           15.1            41.2            13.2            12.5 
OCF/share (Rs)-         32.4          100.8 -         17.1              1.7 
ROE16.2% 2.8% 49.0% 10.4% 
ROME6.6% 2.4% 10.1% 10.7% 
Value gap-9.6% -0.3% -38.9% 0.2% 



Last edited by EquityChamp on Fri Apr 22, 2016 2:51 pm; edited 1 time in total

2FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:12 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

VFIN , NAV Over 45.00, PER Below 5.00, QTR EPS 4.00 ( Annualized 16.00+ -Stats From a Reliable Source ), 2015 / 16 EPS Over 12.50.. Worth more than 80.00 on current figures, with a Great future ahead with many more branches, innovative products..

3FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:17 pm

EquityChamp

EquityChamp
Moderator
Moderator

This topic is to compare BLI Vs SFL. Ps do not confuse the objective of the topic.
Thanks

4FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:20 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sry..VFIN..LFIN..SAMP..HDFC are much more strong abd undervalued at this moment..pls refer FITCH Ratings recent warning report for Micro Finance Co's..

5FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:23 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Dont speak BLI and SFL.

BLI 's PER is 13.2
SFL's PER is 12.5

VFIN's PER is  below 5
Lfin's 's PER is below 5
CDB's 's PER is below 5
CFIN's 's PER is below 5

6FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:26 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

FITCH Ratings recent warning report for Micro Finance Co's. is Specially for this type of finance companies.(PER is above 10)

7FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:27 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Great Harry..You expect LFIN to pay 7.00 rp div ? And VFIN to pay 3.50 ?

8FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:29 pm

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EC don't worry. This is the standard of this forum. Some can't even understand the topic. What a shame..

9FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:31 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

BLI PASS Rs.80 soon

Amjad_804 likes this post

10FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:34 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Ha..ha..Bimputh vs Sinhaputhra..why cant you compare these two shares with other finance companies also..same sector..same business..face to the truth..If you all think BLI and SFL much stronger than LFIN.VFIN.CFIN.PLC pls comeout with your rationals...

11FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:36 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

fireshelter,


Net asset value is Rs 13
Deposit is ONLY 2 Bn
Very very small Finance company. 
It is not possible to pass Rs 70.00
It is possible to down Rs 45.00

12FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:49 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

with result you can see what's going to happen, AND TO PLAY ANY Share need a player



Last edited by fireshelter on Sun Apr 17, 2016 9:53 pm; edited 1 time in total

13FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:52 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

fireshelter,


That is not possible.
We cant expect much from a very small finance company.

14FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:54 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Harry..whats ur target dividend payments from LFIN.VFIN.CFIN?

15FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:56 pm

EquityChamp

EquityChamp
Moderator
Moderator

charith666lk wrote:EC don't worry.  This is the standard of this forum. Some can't even understand the topic. What a shame..
Exactly charith, I am wondering what the hell is wrong with these guys. This is sickness. This is bad mental condition. This is utter rubbish. I am comparing two companies pointing some interesting differences. But these guys jump and posting other company info here, their valuations, target prices and some are posting on dividends. Totally irrelevant for the topic. this shows the impact of promotion and manipulation on our forum.

Harry, SLfinancewatch,fireshelter, please remove your glasses and comment only with relevant to the subject matter. Otherwise if I post Mahinda Rajapaksha going to toilet you guys will come and post toilet is not important but go for LFIN, VFIN,HDFC,Sampath because they are undervalued and pay good dividend.

You always following the makka theory. Completely ridiculous. Evil or Very Mad Evil or Very Mad Evil or Very Mad

16FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 9:56 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

SLFINANCEWATCH,


What about target

17FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:00 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Do you exactly know the time Mahinda Rajapaksha goes to Toilet ? Do u compare Mahinda Rajapaksha go to toilet with BLI and SFL..hiks..too much rationals for your so called Investment Decisions

18FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:00 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EquityChamp,


Your can speak about under valued stocks such as CDB , lfin , Vfin, CFIN.....


Dont SPEAK OVER VALUED STOCKS SUCH as BLI and SFL

19FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:02 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Toilet vs SFL..BLI

20FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:04 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

LFIN VS VFIN VS CFIN VS PLC VS SFIN..and other finance companies..but you cant take BLI and SFL To the comparison..This is how ec made investment decisions..

21FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:12 pm

EquityChamp

EquityChamp
Moderator
Moderator

Can you guys read again what I have said here and my last comment. And try to enrich the discussion only if you have valid points to my questions I raised here. if not please don't comment. This is the last I will say.

Thought it is good to compare these two companies since these two are subjected to very hot discussion in this forum. A summary of the comparison given below.



  • BLI has shown a double or triple growth in their loan book as well as interest income while SFL is just normal growth.

  • Also both BLI & SFL have same amount of loan book but BLI earns twice as much as interest income compared to SFL, how come is a question to me.

  • On the other hand both companies have similar amount of interest expenses but BLI finances its loan book mainly from borrowings which are supposed to be higher than customer deposits while SFL mainly finances through customer deposits. In fact SFL's deposit base is more than 100% higher than BLI. Therefore ideally SFLs interest cost should be much less than BLI but it is not the case, why is another question to me.

  • BLI generates much superior ROE compared to SFL and BLI's share price also trading on the floor very aggressively compared to SFL. In fact BLI have very high negative valuation gap whereas SFL has a positive valuation gap. So comparatively BLI is expensive than SFL at the moment.

  • So now my feeling is there is some thing wrong either in BLI or SFL. Now I will open this discussion for the forum members to express more views. In fact that will help to understand true state of affairs of this two.

22FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:15 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EquityChamp,


Why you compare OVER VALUED shares.(BLI and SFL)


Compare under valued share like LFIN CDB VFIN CFIN.....

23FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:18 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

EquityChamp,
I think you have BLI and SFL shar.
You try to sell them tomorrow.

24FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:21 pm

SLFINANCEWATCH

SLFINANCEWATCH
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Good Anzlysis..but Remember SFL or BLI not the best Finance Companies in SL..as well as in cse..These shares do not worth for investors as some other finance shares do..ex..LFIN.VFIN.CFIN.PLC..For the time being BLI or SFL will be good for trading like HVA..PCHH...Wish u good luck man..Need to learn lot about finance companies and Sector..simply you cant say borrowing cost is higher than deposit cost..It will change from company to Company..

25FINANCE AND LEASING SECTOR Empty Re: FINANCE AND LEASING SECTOR Sun Apr 17, 2016 10:23 pm

EquityChamp

EquityChamp
Moderator
Moderator

Harry82 wrote:EquityChamp,


Why you compare OVER VALUED shares.(BLI and SFL)


Compare under valued share like LFIN CDB VFIN CFIN.....
Again wrong path.
Can you explain the answer as to how BLI report twice as much as interest income than SFL having the same loan balance?
Can you explain the answer as to how BLI pays the same interest cost similar to SFL while financing the loans through external borrowings?

Do you know how much of retail investors are into these two stocks because of unnecessary promotion through this forum?
And can you feel the sufferings of them if one of these two are doing a big manipulation?

I don't want to highlight undervalued finance companies in this post but I want to commence a discussion on my above concerns.

do you understand the gravity of this????

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