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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » "FIRST CAPITAL HOLDINGS PLC" seems like a real gem, is it??

"FIRST CAPITAL HOLDINGS PLC" seems like a real gem, is it??

Go down  Message [Page 1 of 1]

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
Guys what do u think of FIRST CAPITAL HOLDINGS PLC? I feel its a hidden GEM!
EPS 9.23, hence It's P/E is around 2.2, isn't that awesome?
why is it trading around 20? shouldn't it be trading much much higher? Or am i missing some thing here??

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ccsentha wrote:Guys what do u think of FIRST CAPITAL HOLDINGS PLC? I feel its a hidden GEM!
EPS 9.23, hence It's P/E is around 2.2, isn't that awesome?
why is it trading around 20? shouldn't it be trading much much higher? Or am i missing some thing here??
Yes, it should break at least 30s.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
even though it appears a P/E of around 2.2, in my personal opinion its more

econ

econ
Global Moderator
EPS 9.23 include one time sell off of LAMB.. excluding these one off profits , EPS is around 3-4 .. So using operational EPS , PER is around 5-7 still very much undervalued in the financial sector.

thambi

thambi
Manager - Equity Analytics
Manager - Equity Analytics
thanks econ + reps from me Smile

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@econ wrote:EPS 9.23 include one time sell off of LAMB.. excluding these one off profits , EPS is around 3-4 .. So using operational EPS , PER is around 5-7 still very much undervalued in the financial sector.

friend there Profit before tax 605 million where as Profit after tax 983 million, the reasons explain in the Note no 9.1 and i am in the opinion this will not happen in the future, so what will be PER is we take the PBT and remove the LAMB disposal

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@econ wrote:EPS 9.23 include one time sell off of LAMB.. excluding these one off profits , EPS is around 3-4 .. So using operational EPS , PER is around 5-7 still very much undervalued in the financial sector.

Friend, can't we consider that as one of their business?? wouldn't they invest that money into some other company and later sell and gain a capital increase?

econ

econ
Global Moderator
@Gaja wrote:
@econ wrote:EPS 9.23 include one time sell off of LAMB.. excluding these one off profits , EPS is around 3-4 .. So using operational EPS , PER is around 5-7 still very much undervalued in the financial sector.

friend there Profit before tax 605 million where as Profit after tax 983 million, the reasons explain in the Note no 9.1 and i am in the opinion this will not happen in the future, so what will be PER is we take the PBT and remove the LAMB disposal

yeah according to report , operating profit excluding LAMB deal and tax reversal is 570 million rupees.
Therefore if we take PAT around 500 then EPS nearly 5.
thus, trailing PER is around 4 bit lower than my earlier figures of 5-7.

in any case it is little undervalued comapare to some overvalued financial counters.



Last edited by econ on Sat Jul 09, 2011 11:49 am; edited 1 time in total

econ

econ
Global Moderator
@ccsentha wrote:
@econ wrote:EPS 9.23 include one time sell off of LAMB.. excluding these one off profits , EPS is around 3-4 .. So using operational EPS , PER is around 5-7 still very much undervalued in the financial sector.

Friend, can't we consider that as one of their business?? wouldn't they invest that money into some other company and later sell and gain a capital increase?

theoritically we can because CFVF started as venture capital firm. they buy and sell companies with a gain.it can be consider as one of thier business. however when we value company by operational profits we usually exclude those one time gains.

player

player
Moderator
Moderator
There should be a reason why some shares trade in lower PEs regardless of their fundamentals, Question Question
btw if such undervalued counters start to run,you cant stop,they will appreciate in big values in short days
Ex-BRWN(124-250)
COLO(120-250)
UML(120-280)
BFL(100-500)
etc,
above are some prices i bought them,dont rmmber the exact time scratch

Leo_pold

Leo_pold
Manager - Equity Analytics
Manager - Equity Analytics
Can somebody please explain me the nature of their business? I went through their reports and few sites but I'm kind of lost. Do they invest in companies or give loans? Please clarify their business nature for me..

Thank you...

econ

econ
Global Moderator
@Leo_pold wrote:Can somebody please explain me the nature of their business? I went through their reports and few sites but I'm kind of lost. Do they invest in companies or give loans? Please clarify their business nature for me..

Thank you...

First capital holding is a kind of investment bank.
Their main business are
1.dealing government securities such as treausry bills and bonds,
2. registred margin trading provider
3. all kind of corporate finance business such as handling debentures,IPOs, swaps etc.

Leo_pold

Leo_pold
Manager - Equity Analytics
Manager - Equity Analytics
@econ wrote:
@Leo_pold wrote:Can somebody please explain me the nature of their business? I went through their reports and few sites but I'm kind of lost. Do they invest in companies or give loans? Please clarify their business nature for me..

Thank you...

First capital holding is a kind of investment bank.
Their main business are
1.dealing government securities such as treausry bills and bonds,
2. registred margin trading provider
3. all kind of corporate finance business such as handling debentures,IPOs, swaps etc.

Thanks mate..

invest-abc


Manager - Equity Analytics
Manager - Equity Analytics
I feel this is one of the best short term options at the moment...they have a fair amount of excess cash which could be easily turned to an attractive dividends....

lbnnirmal

lbnnirmal
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It's true that this share is at the low level than it's normal price but we can't guaranteed this as it's bottom price so you need to study more about the FIRST CAPITAL HOLDINGS PLC. I'm personally relive that this share undervalued in current market

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