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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » COMMERCIAL CREDIT & FINANCE PLC - COCR

COMMERCIAL CREDIT & FINANCE PLC - COCR

+3
Niwa
Eugine Fernando
cheetah
7 posters

Go down  Message [Page 1 of 1]

1COMMERCIAL CREDIT & FINANCE PLC  - COCR Empty COMMERCIAL CREDIT & FINANCE PLC - COCR Tue Nov 02, 2021 10:58 pm

cheetah


Manager - Equity Analytics
Manager - Equity Analytics

we can expect Rs10 EPS for 6 month period. Highly undervalued share in CSE . Currently traded at Rs 25.

Eugine Fernando and sajithlk02 like this post

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

cheetah wrote:we can expect Rs10 EPS for 6 month period. Highly undervalued share in CSE . Currently traded at Rs 25.
Yes, with the amalgamation with TFIL the result should be very attractive for this quarter.

sajithlk02 likes this post

Niwa


Moderator
Moderator

Very good counter at a bargain price . Thing is people are refrained buying Banks and NFBI with countries sovereign issue. Could see the same trend with VFIN and LFIN. Any way can expect a price appreciation this time as this share was trading around 20-25 for sometime.

4COMMERCIAL CREDIT & FINANCE PLC  - COCR Empty Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 11:52 am

bkasun


Manager - Equity Analytics
Manager - Equity Analytics

This is a really undervalued counter.. Last Q EPS was Rs 6.50 and forward PER is less than 2. Also PBV is 0.5x

This Q results will definitely be better than last Q results.. Better to keep on eye in this share.. Should trade above 40..

bkasun


Manager - Equity Analytics
Manager - Equity Analytics

Q financials are just released. PAT is up by 150%+ on YoY basis and 67% on QoQ basis. Super performance.. 

Will be next rising star in NBFI sector...

Harry82

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

no. vfin also good result  but price not up.

RajapaksaDON


Senior Equity Analytic
Senior Equity Analytic

Harry82 wrote:no. vfin also good result  but price not up.

NET ASSET VALUE


VFIN    Rs.  38.80
COCR   Rs.  51.06

N. Profit

VFIN    Rs.mn    1301
COCR   Rs.mn    1321

Annualised EPS  ( six months)

VFIN       Rs.   11.05
COCR      Rs.     8.31

Annualised EPS  ( Q 2 )

VFIN        Rs.   12.42
COCR       Rs.   10.13

NET PROFIT INCREASE AGAINST SAME PERIOD OF THE PREVIOUS YEAR;

VFIN        120%
COCR       150%

MARKET PRICE

VFIN    Rs. 41.30 (NAV-38.80)
COCR   Rs. 25.10 (NAV-51.06)

Looks like COCR's performance is much better and it is attractive than VFIN when compared to the MP and NAV with Q earning.

Harry82

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

CLC NAV is Just 3.45
EPS Just 0.09 (1st Quarter)
But price is Rs 70.00

9COMMERCIAL CREDIT & FINANCE PLC  - COCR Empty Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 10:07 pm

RajapaksaDON


Senior Equity Analytic
Senior Equity Analytic

Harry82 wrote:CLC NAV is Just 3.45
EPS Just 0.09 (1st Quarter)
But price is Rs 70.00

No comments

10COMMERCIAL CREDIT & FINANCE PLC  - COCR Empty Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Fri Nov 05, 2021 10:43 am

cheetah


Manager - Equity Analytics
Manager - Equity Analytics

COCR Result out  
https://cdn.cse.lk/cmt/upload_report_file/1063_1635933117197.pdf

EPS - 10.13
NAV - 51
Market Value - 25

Eugine Fernando likes this post

11COMMERCIAL CREDIT & FINANCE PLC  - COCR Empty Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Sun Nov 07, 2021 12:49 am

newone


Manager - Equity Analytics
Manager - Equity Analytics

I think the next gem is COCR. It will be collected at the correct time.

12COMMERCIAL CREDIT & FINANCE PLC  - COCR Empty Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Sun Nov 07, 2021 3:54 pm

bkasun


Manager - Equity Analytics
Manager - Equity Analytics

This is a hidden gem.. Impressive performance in last few Qs and they declared a good dividend too in this year.

This share was traded Rs 50+ in few years back.. Should bounce back to that level..

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