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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ORIENT FINANCE PLC (BFN.N0000)

ORIENT FINANCE PLC (BFN.N0000)

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26ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 19, 2016 10:40 am

visvajith


Equity Analytic
Equity Analytic

EquityChamp wrote:Pursuant to the amalgamation with Bartleet Finance, Orient Finance has shown clear signs of growth both in asset base and profitability. The company recorded an income of Rs741mn for Q1 of FY 16/17 with PAT of 73 mn.

The company is seen recording an interest yield of around 20% on its loan portfolio for the last couple of quarters which can be termed as bit below the industry average which is around 22% at the moment. Though the interest yield is somewhat below the industry the company has managed to record a loan book growth of 2.6% during quarter ending Jan-Mar 2016 with a further growth of 4.8% during the quarter ending Apr-Jun 2016.

Based on the current trend we can project their earnings as tabulated below. The earnings of 2015/16 were boosted by one off differed tax reversal hence a decline of earnings YoY is not a surprise though the core business operation growth looks promising.
Rs mn14/1515/1616/17F
Income   1,363    2,363    3,394
PBT
           4
      296       397
PAT            4       607       333
Accordingly the estimated EPS for 16/17 will be Rs2.25. With the current market price of Rs16.50 the stock is trading at a PE of 7.3x and PBV of 1x based on forecasted earnings.

The company doesn't declare any dividend for the last three years owing to low profitability. However with improved performance there is a possibility that shareholders may receive a dividend around Rs1.30 for the FY 16/17.

According to shareholders' list close to 145mn shares of issued capital is with top 5 shareholders and therefore this stock is very illiquid too. Aided by this illiquidity and with another bit of increased aggression in business operations with a view to increase the interest yield would turnout this company to be an absolute profitable venture within a two to three years time similar to Union Bank.

Finally my conclusion is if an investor wants to participate to a future winning business and with an holding capacity of one to two years then Orient Finance will be an ideal investment vessel with lower risk threshold. Holding 5000 to 10000 shares will not be in vain for a mid term investor.

Thanks

Is it good time to collect BFN at this price EC ? Please advice

27ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 19, 2016 11:10 am

EquityChamp


Moderator
Moderator

Yes I think. Good price to do your investment.

28ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 19, 2016 11:56 am

visvajith


Equity Analytic
Equity Analytic

EquityChamp wrote:Yes I think. Good price to do your investment.

Thank You Very much Dear Friend 
Smile

29ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Oct 20, 2016 11:22 pm

sisira.wijeweera


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

Teller wrote:See their loan booke growth. It's an amazing growth.  So we can hope a good interest income for them.
IF they can break 17/ barrier , this share will touch 20 levels.
tomorow BFN can be collect 14 level

30ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty BFN (ORIENT FINANCE PLC) Tue Jul 25, 2017 8:43 pm

worthiness


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

Anyone got an analysis done on Orient finance..They offer very attractive FD rates for short term, let us say 3-6 months. High rates being offered over other finance companies raises a question. Also, can a finance company offer interest rate higher than ceiling rates regulated by Central Bank?

31ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Tue Jul 25, 2017 8:57 pm

Teller

Teller
Moderator
Moderator

I believe Maharaja might know about this

32ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Jul 26, 2017 6:47 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If one closely monitors BFN, especially after the merger between Orient Finance and Bartleet Finance to form one entity Orient Finance, they don't seem to be stable. Orient Finance may need continuous funding from their other group companies to keep it afloat

33ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 12:17 am

worthiness


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

Should be Janasakthi who holds nearly 90% of shareholding/

34ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 6:17 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

worthiness wrote:Should be Janasakthi who holds nearly 90% of shareholding/

Yes, it's Janashakthi Limited, the parent company of the insurance company. They and connected parties hold 99%

35ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 1:23 pm

worthiness


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

Asset to liquidity ratio on debenture dropped substantially...

36ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 2:19 pm

Teller

Teller
Moderator
Moderator

Great ..you got it ..

37ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 2:41 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hope Central Bank is closely monitoring Orient Finance

38ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 2:45 pm

EquityChamp

EquityChamp
Moderator
Moderator

We should also closely monitor it.

39ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Jul 27, 2017 3:59 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:We should also closely monitor it.
Yes totally agree with you EC

40ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Mon Aug 21, 2017 9:58 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Profits down by 91%

41ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Sat Aug 26, 2017 4:39 am

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

දැන් කෝ අර මහාරාජා ?

42ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty BFN .. ORIENT FINANCE PLC Fri Oct 13, 2017 12:27 pm

rasikagamage


Senior Equity Analytic
Senior Equity Analytic

I think it is good to think about this share now...... it has started to appreciate....expert ideas are will come..

43ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Sat Oct 14, 2017 9:22 pm

nimantha80


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

With financial sector moving now finance companies are joining in.First it was banks

44ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Sun Oct 15, 2017 8:16 am

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

 Very Happy Very Happy  15.50 possible target  Basketball Basketball

45ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Sun Oct 15, 2017 1:38 pm

worthiness


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

Irrespective of serious comments made before in the forum???

46ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 25, 2017 10:35 am

rasikagamage


Senior Equity Analytic
Senior Equity Analytic

Guys i think my view is correct....

47ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 25, 2017 2:28 pm

rasikagamage


Senior Equity Analytic
Senior Equity Analytic

No one trust.....why??? Question Question Question Question

48ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 25, 2017 6:22 pm

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics

Yes you said correct..

49ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 25, 2017 6:23 pm

bushra03


Senior Equity Analytic
Senior Equity Analytic

New target is Rs. 22/-

50ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Wed Oct 25, 2017 9:14 pm

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics

E target eka na sara wadi da mnda....

51ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Thu Oct 26, 2017 9:45 am

rasikagamage


Senior Equity Analytic
Senior Equity Analytic

Guys... End of December 2017, this will reach to 20 level..... from 2016 it was trading under its IPO price....

52ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Mon Oct 30, 2017 2:35 pm

rasikagamage


Senior Equity Analytic
Senior Equity Analytic

Short term investors have good opportunity to invest in BFN..... according to the trading pattern it will reach 18-20 level by end of November'17.... I am not promoting any shares but share my views at correct time.... you guys can analysis and invest....

53ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Mon Oct 30, 2017 11:39 pm

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics

Yes BFN will start another journey very soon...there are hidden buyers are waiting for buy from panic sellers

54ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Tue Oct 31, 2017 5:50 am

bushra03


Senior Equity Analytic
Senior Equity Analytic

BFN deal is going to be Rs . 20/-To 22/-
It s going to go soon don’t miss it I am still collecting

55ORIENT FINANCE PLC (BFN.N0000) - Page 2 Empty Re: ORIENT FINANCE PLC (BFN.N0000) Tue Oct 31, 2017 9:40 am

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics

SOON....

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