SFL N, SFL P , HOT HOTTER, HOTTEST ON.......!

charith666lk · 26 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 11:33 am

charith666lk

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Harry82 wrote:visionstar ,
PE ratio for SFL P is still at 14.6 times

annual eps = 2.23
current price=12.30
P/E = 512.3/2.23= 5.5

Harry82 · 27 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 11:41 am

Harry82

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charith666lk,
that is wrong.
if you have mathematical knowledge calculate.

charith666lk · 28 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 11:43 am

charith666lk

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Harry82 wrote:charith666lk,
that is wrong.
if you have mathematical knowledge calculate.

If you can please show me the calculation friend

Harry82 · 29 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 11:56 am

Harry82

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charith666lk,

Six month EPS = 55,263,441/62,958,930
0.8777

AEPS = 0.87 x 2
1.76
Current PER is over 12 times

charith666lk · 30 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 12:02 pm

charith666lk

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Harry82 wrote:charith666lk,

Six month EPS = 55,263,441/62,958,930
0.8777

AEPS = 0.87 x 2
1.76
Current PER is over 12 times

for sfl.n PER=20.50/1.76= 11.6
for sfl.p PER = 12.3/1.76= 6.9

Dear friend,If we calculate like this is it correct?

Harry82 · 31 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 12:05 pm

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Dont speak SFL P

Harry82 · 32 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 12:07 pm

Harry82

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Dont speak SFL P

charith666lk · 33 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 12:11 pm

charith666lk

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Harry82 wrote:Dont speak SFL P

that's mean we can't calculate like that for preference shares??

Harry82 · 34 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 12:15 pm

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yes

charith666lk · 35 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 12:18 pm

charith666lk

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Harry82 wrote:yes

thanx. how can we valuate a preference share? should we compare it with the normal share?

Chinwi · 36 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 1:16 pm

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You have to find out what kind of P share they have.

Here SFL P share has preference in getting dividend ONLY if they declare it for N share.

Some other companies have P share that get pre agreed dividend per year even they do not give any dividend in that year for N share and if they failed to pay it the P shareholders have the right to claim it next year. As SFL-P are 'non-cumulative' they do not get missed dividend in next year. They are non voting thus do not have voting power. When they do not have voting rights trading price is adjusted. Because, in a bid for takeover they do not get any value.

If SFL pay dividend, SFL P gets 10 cents more than for N share.
Here I see some mismatch.
Before splitting, P got 10 cents more dividend than N.
They did not tell (a f a I know) any changes in that rule when splitting. If new P also get 10 cent more than N that an unexpected bargain for P holders. BUT as they have become non dividend payers since 2012 , I think this is not that worth to consider when valuing P share.

Somehow, as P also get Dividend I like to include them in EPS calculations.
If so the total number of shares is (N + P) = 69,666,040.

last 3 months EPS =0.50 annualize 2.00
last 6 month EPS 0.79 annualize 1.58

SLF can become a good stock to invest. We have to wait and see its future hading. Unfortunately some people raped it here before puberty.

charith666lk · 37 Re: SFL N, SFL P , HOT HOTTER, HOTTEST ON.......! Mon Nov 09, 2015 1:40 pm

charith666lk

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Chinwi wrote:You have to find out what kind of P share they have.

Here SFL P share has preference in getting dividend ONLY if they declare it for N share.

Some other companies have P share that get pre agreed dividend per year even they do not give any dividend in that year for N share and if they failed to pay it the P shareholders have the right to claim it next year. As SFL-P are 'non-cumulative' they do not get missed dividend in next year. They are non voting thus do not have voting power. When they do not have voting rights trading price is adjusted. Because, in a bid for takeover they do not get any value.

If SFL pay dividend, SFL P gets 10 cents more than for N share.
Here I see some mismatch.
Before splitting, P got 10 cents more dividend than N.
They did not tell (a f a I know) any changes in that rule when splitting. If new P also get 10 cent more than N that an unexpected bargain for P holders. BUT as they have become non dividend payers since 2012 , I think this is not that worth to consider when valuing P share.

Somehow, as P also get Dividend I like to include them in EPS calculations.
If so the total number of shares is (N + P) = 69,666,040.

last 3 months EPS =0.50 annualize 2.00
last 6 month EPS 0.79 annualize 1.58

SLF can become a good stock to invest. We have to wait and see its future hading. Unfortunately some people raped it here before puberty.

thank you very much sir.