Will CFVF declare a dividend this time?

seek · 1 Will CFVF declare a dividend this time? Fri Mar 22, 2013 2:45 pm

seek

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9 moths EPS ended at 31.12.2012 is 1.84.

By 2012.12.31,
Unrealized gain from dealing securities is 42.4 Mn (Market Value 11,789.5 Mn, Cost 11,747.1 Mn).
Unrealized gain of 19.9% stake in Orient Finance PLC is 302.7 Mn (Market Value 393.1 Mn, Cost 90.4 Mn).
Unrealized gain of investments in Treasure Bonds is 161.2 Mn (Market Value 1,198.6 Mn, Cost 1,037.4 Mn).

It is interesting to see how the market value of their investments is changed with fluctuations of interest rates in the market and at the end the capital gain that CFVF going to realize.

greedy007 · 2 Re: Will CFVF declare a dividend this time? Sat Mar 23, 2013 1:20 pm

greedy007

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seek wrote:9 moths EPS ended at 31.12.2012 is 1.84.

By 2012.12.31,
Unrealized gain from dealing securities is 42.4 Mn (Market Value 11,789.5 Mn, Cost 11,747.1 Mn).
Unrealized gain of 19.9% stake in Orient Finance PLC is 302.7 Mn (Market Value 393.1 Mn, Cost 90.4 Mn).
Unrealized gain of investments in Treasure Bonds is 161.2 Mn (Market Value 1,198.6 Mn, Cost 1,037.4 Mn).

It is interesting to see how the market value of their investments is changed with fluctuations of interest rates in the market and at the end the capital gain that CFVF going to realize.

They all have Unrealized Gain in papers.

CFVF dont have cashflow to pay dividend...

Will CFVF declare a dividend this time? Cfvf10

The Alchemist · 3 Re: Will CFVF declare a dividend this time? Sat Mar 23, 2013 1:30 pm

The Alchemist

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greedy007 wrote:

seek wrote:9 moths EPS ended at 31.12.2012 is 1.84.

By 2012.12.31,
Unrealized gain from dealing securities is 42.4 Mn (Market Value 11,789.5 Mn, Cost 11,747.1 Mn).
Unrealized gain of 19.9% stake in Orient Finance PLC is 302.7 Mn (Market Value 393.1 Mn, Cost 90.4 Mn).
Unrealized gain of investments in Treasure Bonds is 161.2 Mn (Market Value 1,198.6 Mn, Cost 1,037.4 Mn).

It is interesting to see how the market value of their investments is changed with fluctuations of interest rates in the market and at the end the capital gain that CFVF going to realize.

They all have Unrealized Gain in papers.

CFVF dont have cashflow to pay dividend...

Unrealized gains mentioned in the notes to the accounts.
In their business, Cashflow can be derived anytime (in between quarters) by just realizing some of the gains if possible (if in the money or profit) by selling some of the dealing securities or investments in treasury bonds.

rainmaker · 4 Re: Will CFVF declare a dividend this time? Sat Mar 23, 2013 3:25 pm

rainmaker

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At least its better than ACAP or now known as ACRAP!

Slstock · 5 Re: Will CFVF declare a dividend this time? Sat Mar 23, 2013 3:30 pm

Slstock

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As your wording shows some negativity on CFVF ( "atleast better") , can you explain the issues you see with CFVF at this level?

rainmaker wrote:At least its better than ACAP or now known as ACRAP!

rainmaker · 6 Re: Will CFVF declare a dividend this time? Sat Mar 23, 2013 3:37 pm

rainmaker

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Nothing wrong with CFVF

taniya1111 · 7 Re: Will CFVF declare a dividend this time? Sat Mar 23, 2013 5:46 pm

taniya1111

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Doesn't matter whether CFVF would declare a dividend or not, It is really valuable at this price

rainmaker · 8 Re: Will CFVF declare a dividend this time? Sun Mar 24, 2013 7:35 am

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taniya1111 wrote:Doesn't matter whether CFVF would declare a dividend or not, It is really valuable at this price

I don't think so. It's a shadow of its former self

Slstock · 9 Re: Will CFVF declare a dividend this time? Sun Mar 24, 2013 9:09 am

Slstock

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Only at the moment. Whether it can repeat what it did before remains in how the management plays the cards in the future.

rainmaker wrote:
I don't think so. It's a shadow of its former self

rainmaker · 10 Re: Will CFVF declare a dividend this time? Sun Mar 24, 2013 9:54 am

rainmaker

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Dinesh is a fickle character. This is the reason why these sorts of firms should be held privately. You never know when the market will get tough.

seek · 11 Re: Will CFVF declare a dividend this time? Mon Mar 25, 2013 9:08 am

seek

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An upward trend in equity market and a downward trend in interest rates are ideal business environment for CFVF. When looking at figures they are still in the accumulating phase of equities and bonds rather than in harvesting their previous investments.

Other than, outright purchase/sale of Treasury Bills and Treasury Bonds, CFVF is actively involving in Margin Trading and Debit Exchange trading in addition to regular co-operate finance and assets management services that they provide.