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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » NATION LANKA FINANCE PLC (CSF.N0000)

NATION LANKA FINANCE PLC (CSF.N0000)

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161NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Dec 08, 2015 10:17 am

Dhehan


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hope for the best

162NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Dec 08, 2015 2:11 pm

SLFINANCEWATCH


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Not satisfied with the Management / But may have a Good time ahead.

163NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Mon Jun 06, 2016 10:35 am

Gainer


Associate Director - Equity Analytics
Associate Director - Equity Analytics
CSF time to look

164NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Jun 07, 2016 6:47 pm

EquityChamp


Moderator
Moderator
Its 4 in 4. Basketball 4 consecutive quarters of profits.

Q1 - 34mn
Q2 - 21mn
Q3 - 44mn
Q4 - 63mn

FY PAT for owners Rs162mn Vs a loss of Rs549mn a year ago.
NAV per share recovered to Rs1 and EPS for current year stands at Rs0.22. Further net cash flow from operations have improved more than 100% to reach 310mn. These are signs of recovery to me and looking at the growth in PAT quarterly they would be reporting a higher EPS of around 30-40 cents for the next financial year.
I would recommend CSF @ current price levels rather than buying SFS. CSF trading at a PE of 5.9x @ CMP with a PBV of 1.3x.

165NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Jun 07, 2016 8:21 pm

Teller


Moderator
Moderator
It's once again proved that Asanga senavirathna is a fail businesman. When Asanga has major holdings Nation Lanka was reported huge losses. Now with new share holders it seems on a correct track.

166NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Sun Jun 12, 2016 6:55 pm

EquityChamp

EquityChamp
Moderator
Moderator
Actually you should study about this stock more closely. Last Friday and Thursday we saw an early signals of the stock breaking the shuffles but remaining on the same levels yet. I heard that they too entered into the lucrative ( and blood sucking) micro finance business. Knowing how BLI, COCR, etc. built on this business what can you think on CSF. its definitely worth to study.

167NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 20, 2016 11:13 am

EquityChamp

EquityChamp
Moderator
Moderator
CSF buy @ 1.4 and sell @ 1.5. Its worth to look closely during next couple of hours. Something good might happen.

168NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 20, 2016 11:25 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The two badly beaten and now (almost) turnaround companies, Nation Lanka and PCHH should give clear signals about their future when they announce next reports.

For the time being we can take bold steps if we have buying power and holding capacity.

169NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 20, 2016 11:30 am

EquityChamp

EquityChamp
Moderator
Moderator
I have my reservations on PCHH but on CSF I have confidence. Was collecting below 1.30 when the market was really bad but since then didn't got get the chance to grab any more. But eargerly waiting to collect if the share pulls down once more.

170NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 20, 2016 11:49 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Agreed. If consider both together , I allocated 20% for PCHH and rest for CSF.

171NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 20, 2016 12:26 pm

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Very Happy Very Happy Basketball Basketball

172NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Jul 26, 2016 2:10 pm

EquityChamp

EquityChamp
Moderator
Moderator
I sense a profit close to 100mn for Q1 of FY 16/17. So you will surely have good future with this one.

173NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Jul 26, 2016 2:19 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@EquityChamp wrote:I sense a profit close to 100mn for Q1 of FY 16/17. So you will surely have good future with this one.


I feel this one make around 150 Millions for this quarter 

I am on Collecting side....

174NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Jul 26, 2016 6:38 pm

EquityChamp

EquityChamp
Moderator
Moderator
Set a mid term expectation of Rs5 given that BLUE has went up to more than 2.50.

175NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Tue Jul 26, 2016 9:25 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
01.01.2016 - 30.06.2016 - during that period traded 52 Millions stock traded bellow Rs 3.00

Month July Traded 28 Millions stocks.

we can assume that 28 Millions stocks are from bottom and traded now.

so then Market will be trade bellow 58 Million Real stocks bellow 3.0

if this quarter make 10-15 Cents. then this stock will trade above 3.0 very easily. maybe something can happen tomorrow also. if we compare with BLUE trading patter this will be traded over 3.0 short term.

this is my idea..

i like to share knowledge. please give your ideas also...

176NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty NATION LANKA FINANCE PLC (CSF.N0000) Tue Jul 26, 2016 11:28 pm

EquityChamp

EquityChamp
Moderator
Moderator
Nation Lanka, hammered with impairments and deposit withdrawals following Golden key saga, is recovering slowly yet steadily. Their new business model has earned them a fantastic interest yield with a huge loan book growth. As some of you may aware now Nation Lanka has entered into the lucrative micro finance business and join hands with COCR, BIL and LOFC.

Just a summary of key financials with a conservative estimate for FY 2016/17 is given below.







Rs mn2014/15 A2015/16 A2016/17 F
Loans & Advances43895608          7,080
Growth in loans & advances64%28%26%
Interest income11652087          2,780
Growth in interest income29%79%33%
Interest yield33%42%44%
NPAT-429162              222
According to the above table you may seen the double digit growth in loans and advances with an interest yield of over 40%, a mark achieved by none other than BLI. You may recall my thread on benchmarking finance sector stocks where I showed BLI earning an interest yield of over 48% where as majority of other finance companies just generate a yield around 20%-25%. So in that sense you can get an idea as to how Nation Lanka will do in the future.

The above PAT was estimated based on very conservative assumptions of loan book growth and PAT margins yet they can generate an EPS of 30 cents for the next financial year which translates to a PE of 6x at the closing price of Rs1.8 but still trading at a discount to the industry PE benchmark. NAV tyrned to positive 1 in 15/16 from a negative 1 in 14/15.

So within 2 to 3  years this company generating a profit in excess of half a billion so that the price should reach Rs5/- which means a lucrative medium term investment for you.

Do your own analysis also to take an informed decision.

Thanks

177NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 12:07 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I have analyse last two quarter financial report.

I feel they will produce 10-20 Cents for this quarter.

this is my Idea....

Bcz last quarter they made 8 Cents. I expect this time over 10 cents and bellow 20 cents.

maybe that is practical......

178NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 12:13 am

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
EC meka tawa godak yanna puluwanda??malanga poddak tiyanawa.mokakda karanna one?any idea?

179NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 5:18 am

EquityChamp

EquityChamp
Moderator
Moderator
@hiransilva23 wrote:EC meka tawa godak yanna puluwanda??malanga poddak tiyanawa.mokakda karanna one?any idea?

Keep what you have. And if possible try to buy some possibly below 1.90 level.

180NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 7:04 am

EquityChamp

EquityChamp
Moderator
Moderator
The below is how the technical charts look like as of now. Technical charts indicates BUY and moving averages indicates Strong BUY. But better to have caution as well since RSIs shot up to 80 levels due to this weeks heat up. It is possible to break the psychological barrier of 2/- today but better to wait if you are unable to grab some below 1.90. In terms of financials the share is worth to have a mid term to long term bull run so keep that in mind as well specially when the share price declines.
NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Nation10

181NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 9:31 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
So within 2 to 3  years this company generating a profit in excess of half a billion so that the price should reach Rs5/- which means a lucrative medium term investment for you.

I do not agree with this affraid

I need to know remaining impairment amounts they have to consider in next accounts.

If their impairment burden is mostly gone by now then the story will be much brighter in future.

If no impairments their Earnings per Share was about 83 cents without tax  for 2015/16 Y/Y .

Hence  my targets go to much upper ranges and it should reach  5 more fast. (low impairment assumed)

182NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 9:56 am

Teller

Teller
Moderator
Moderator
How ever it take to another 4-5 years to remove retained losses from their balance sheet. If they can earn 200 million per annum with in 5 years losses will be zero . how ever they can accelerate their earnings easily as more than 5 billion loans and advances.
In that scenario it can touch easily 7.50 - 8 rupees.
For the short run 2.30 to 2.50 possible.


_________________




Teller said is said..

183NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 10:20 am

EquityChamp

EquityChamp
Moderator
Moderator
As predicted the psycological barrier of 2/- broken with great power. Seems like this run has a greator power than I thought. Anyway holders to keep your holdings tight. New commers to wait till the heat get reduced.

184NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 10:47 am

NZ BOY

NZ BOY
Moderator
Moderator
My target 2.50 to 2.80 in this short term run

185NATION LANKA FINANCE PLC (CSF.N0000) - Page 9 Empty Re: NATION LANKA FINANCE PLC (CSF.N0000) Wed Jul 27, 2016 11:00 am

sharemarket

sharemarket
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@NZ BOY wrote:My target 2.50 to 2.80 in this short term run
RSI Very high wait & see.....

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