COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)

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stockback

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troy wrote:So for that transaction to happen at 111, it should trade around 90 level. Cool. That answers the price drop.
Intentionally droping the price to collect more by creating panic, since reaching 90* is the ultimate target. Good collection going on.

if big group is value 110, then share price should be close this level with time. bcz new investor has a role to expand the business. will see...

ruwan326

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kapifm wrote:Ruwan.... you are wrong... i am not promoting any of the stock here in the forum... i just share my thoughts dear...machannnn

Kapifm, That was not for you Very Happy

Only for blood suckers........

kapifm

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Dear Ruwan ...thanks no Hard feeling Machaannn... Very Happy

Maxime

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Gainer

troy

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Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!

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troy wrote:So for that transaction to happen at 111, it should trade around 90 level. Cool. That answers the price drop.
Intentionally droping the price to collect more by creating panic, since reaching 90* is the ultimate target. Good collection going on.

Hi Troy,

Is it safe to buy around 67/66 or price will go down further? what's your opinion

Thank you

ruwan326

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troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!

Troy...... calm down Very Happy

COCR will soon reach 90/= cheers

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Again NO price band upper limit for crossings guys. This was removed by another directive.

http://www.cse.lk/pdf/sec_directives/09-10-2012-SEC1.pdf

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Group Lease Holding announcement at (SET) Stock Exchange of Thailand

http://www.set.or.th/set/companynews.do?symbol=GL&ssoPageId=8&language=en&country=US

Definitively COCR price should trade over 100. Big Company investing and they will bring more money and reputation. using this COCR can expand the business rapidly.

thats why main share holder selling only around 6%. after this deal Massive growing there thats why main holder keep stocks and control.

newone

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Don't worry about today down but tomorrow up
It is good signal for future Basketball

i colect today allso
good luck

ruwan326 · **161** THINK WISELY Wed Oct 05, 2016 3:46 pm

ruwan326

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newone wrote:Don't worry about today down but tomorrow up
It is good signal for future
i colect today allso
good luck

Guys have you read this??????????? bounce

http://gl.listedcompany.com/news.html/id/547627/group/newsroom_press

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ruwan326 wrote:

newone wrote:Don't worry about today down but tomorrow up
It is good signal for future
i colect today allso
good luck

Guys have you read this???????????

http://gl.listedcompany.com/news.html/id/547627/group/newsroom_press

so what?

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ruwan326 wrote:

troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!

Troy...... calm down

COCR will soon reach 90/=

stocks tika wikunala wage dan. e hinda podi podi dewal kiyanawa

am i correct?

ruwan326

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stockback wrote:

ruwan326 wrote:

troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!

Troy...... calm down

COCR will soon reach 90/=

stocks tika wikunala wage dan. e hinda podi podi dewal kiyanawa

am i correct?

Nope, I did not sell yet. Waiting to reach 80/=+
There are many factors you need to look in when you are investing in a share.........

Latest one.......... CIFL.....

kapifm

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Ruwan machaan..... why CIFL again i have made a good profit with CIFL almost 65%.....and exit.... i haven't touch CIFL again i was confused with German deal also my adviser advised me to stay away from CIFL...... any good reason????? Very Happy

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ruwan326 wrote:

stockback wrote:

ruwan326 wrote:

troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!

Troy...... calm down

COCR will soon reach 90/=

stocks tika wikunala wage dan. e hinda podi podi dewal kiyanawa

am i correct?

Nope, I did not sell yet. Waiting to reach 80/=+
There are many factors you need to look in when you are investing in a share.........

Latest one.......... CIFL.....

CIFL IS RUBBISH ONE.

IN THE PAST ALSO COCR TRADED OVER 5 TIMES NAVP

I think COCR looking to expand the business insurance and Leasing sector and etc....

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October 3, 2016: Group Lease Plc’s board of directors gave the green light to its subsidiary Group Lease Holding to acquire the stakes in Sri Lanka’s listed Commercial Credit and Finance Plc (CCF) and Myanmar-based BG Microfinance Myanmar (BGMM) for around 2.79 billion baht ($80.67 million). The first deal will be the acquisition of 29.99 per cent interest in CCF from BG Investments (PVT) Ltd., Creation Investments Sri Lanka LLC (Creation SL) and Mr. Stephen L Lafrance Jr for 10.59 billioon Sri Lankan rupee (about $72 million). For the other deal, it will acquire the 100 per cent st

Read more at: http://www.dealstreetasia.com/stories/thai-listed-group-lease-acquire-stakes-microfinance-firms-sri-lanka-myanmar-80-67m-54554/
October 3, 2016: Group Lease Plc’s board of directors gave the green light to its subsidiary Group Lease Holding to acquire the stakes in Sri Lanka’s listed Commercial Credit and Finance Plc (CCF) and Myanmar-based BG Microfinance Myanmar (BGMM) for around 2.79 billion baht ($80.67 million). The first deal will be the acquisition of 29.99 per cent interest in CCF from BG Investments (PVT) Ltd., Creation Investments Sri Lanka LLC (Creation SL) and Mr. Stephen L Lafrance Jr for 10.59 billioon Sri Lankan rupee (about $72 million). For the other deal, it will acquire the 100 per cent st

Read more at: http://www.dealstreetasia.com/stories/thai-listed-group-lease-acquire-stakes-microfinance-firms-sri-lanka-myanmar-80-67m-54554/

ruwan326

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kapifm wrote:Ruwan machaan..... why CIFL again i have made a good profit with CIFL almost 65%.....and exit.... i haven't touch CIFL again i was confused with German deal also my adviser advised me to stay away from CIFL...... any good reason?????

The thing is we all want to invest......... Not just buy one time sell it and exit......... I really like to see that all the members here act civilized and give the right information at the right time. So all the members in the forum can benefit....... That's all..........

CIFL.......... well I am not gonna say anything........... lats see in the future Very Happy

ruwan326 · **169** MY APOLOGY Wed Oct 05, 2016 6:03 pm

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Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?

COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks Very Happy

Gainer

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ruwan326 wrote:

Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?

COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks

Today latter information about COCR it will going to takeover and Mandatory Offer at 111.00 it will move up 100.00+

EquityChamp

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Today was clearly a profit taking day however still the share was not down considerably than yesterday's close. I think the stock is establishing a good support level around 70/-

Also interesting to note the GL's profit forecast of COCR which is Rs3.2bn for this year.

Chinwi

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ruwan326 wrote:
CIFL.......... well I am not gonna say anything........... lats see in the future

I think you know that a former Director of CIFL is the owner of COCR ?

Young gentlemen Roshan Egodage was working in Kothalawala empire (Ceylinco Group) before the debacle of the empire . Later he was seen working together with Deepthi Perera as Directors of CIFL in n around 2006 before and during the debacle of CIFL.

I do not know what happened to Deepthi. Sometimes ago he disclosed that he didn't fled the Country but staying in Thailand with his Thai wife and child .

Egodage acquired COCR and issued shares to public at the most lucrative point of time , 2011.

----

I feel we must think twice about a mandatory offer news over 100/- . 50:50 gain or loss. Good luck.

මේ රටේ සිද්ද වෙන සමහර අමුතු දේවල් ගැන අවබෝධයක් ලබන්න අවශ්‍ය අය පහත ලින්ක් දෙක කියවන්න.
( අද්‍යාපනික අවශ්‍යතා සඳහා පමණක් දක්වමි. COCR හා සම්බන්ධ නැත. )

(1 ) http://www.sundayobserver.lk/2008/05/11/fin07.asp

(2) http://www.gossiplankanews.com/2015/08/cifl-deepthi-pereras-profile-revealed.html

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which is i can see. his timing is very good. looks like DP

I am sure he will sale COCR stocks around 140-150 future to this GL. after that he will buy few business related to CSE

ehema baluwoth DP kiyanne kauda. Minissunge welawal thiyenawa. naraka welawata molgasuth paththu wenawa
honda welwata walleth bambare karakawenawa

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Now the environment is such that we have a super opportunity to trade on this stock. We can establish the ceiling for price at 110/- and the floor as 68/- or so. So in between this range there will be lot of trading opportunities with ups and downs. Just watch carefully for a price weakness. I think its very safe if any one buy below 68/- and can sell with 10%-20% gain for several times before the share prices ultimately reaches 110/-.

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For the benefit of all the investors I am publishing a brief financial forecast on Commercial Credit. This is based on last two years financials and Q1 16/17 reported numbers.

Rs Mn	2014/15 FY	2015/16 FY	Q1 16/17	2016/17 FY (E)
Net II	7,255	10,225	3,003	12,270
Other operating income	1,030	1,346	219	1,615
Total operating income	8,285	11,571	3,222	13,885
Impairment & other charges	1,426	2,936	663	2,652
Net operating income	6,859	8,635	2,559	11,233
Total operating expenses	3,851	5,124	1,488	6,303
Profit before VAT	3,008	3,511	1,071	4,931
VAT on financial services	372	491	158	690
PBT	2,636	3,020	913	4,240
Tax	442	691	241	1,103
PAT	2,194	2,329	672	3,138
EPS	7.5	7.3	2.1	9.9
Price	50.4	42.5		68.1
PE ratio	6.8	5.8		6.9
Fuure valuation				91.8

As per the above summary, COCR is estimated to report a PAT of Rs3.1 Bn for FY 2016/17 which is an increase of 35% YoY. Only the main issue I can see is a higher value of impairment and security losses that was doubled in 2015/16. Yet I am optimistic that the number will be slightly less this time but depends on the quality of the loan book. Other than that the rest of the numbers seems encouraging for a mid term investor.

Based on the forecasted earning COCR is trading at a forward PE multiple of 6.9x yet to a discount compared to sector PE. If we value the company using historical, sector and market PEs then the applicable price range based on 2016/17 projected earnings to be 62.2-133.2. The average comes to 91.8/-.

Also note that GL has expressed their confidence of COCR making a PAT of Rs3.2 Bn for this year and my forecast comes very close o that.

In conclusion, though the NAV 2/3 below the current price, the current COCR price of 68/- seems to be carrying a good intrinsic value for mid term investor who can hold for couple of months. So my recommendation is that prudent investors should try to buy this stock around current price levels or below should the stock falls further today and tomorrow.

Good luck

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Gainer wrote:

ruwan326 wrote:

Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?

COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks :D

Today latter information about COCR it will going to takeover and Mandatory Offer at 111.00 it will move up 100.00+ :cheers:

I will think twice of buying COCR now!

hiransilva23

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At samarithan kohomada gainerge wade.dan kiyanawa mandatary offer ekak tiyanawalu.collect kara ganna Dunna gemak wage

worthiness

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Is the COCR off grid now & move into a seclusion.?

Gainer

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Chinwi wrote:

ruwan326 wrote:
CIFL.......... well I am not gonna say anything........... lats see in the future

I think you know that a former Director of CIFL is the owner of COCR ?

Young gentlemen Roshan Egodage was working in Kothalawala empire (Ceylinco Group) before the debacle of the empire . Later he was seen working together with Deepthi Perera as Directors of CIFL in n around 2006 before and during the debacle of CIFL.

I do not know what happened to Deepthi. Sometimes ago he disclosed that he didn't fled the Country but staying in Thailand with his Thai wife and child .

Egodage acquired COCR and issued shares to public at the most lucrative point of time , 2011.

----

I feel we must think twice about a mandatory offer news over 100/- . 50:50 gain or loss. Good luck.

මේ රටේ සිද්ද වෙන සමහර අමුතු දේවල් ගැන අවබෝධයක් ලබන්න අවශ්‍ය අය පහත ලින්ක් දෙක කියවන්න.
( අද්‍යාපනික අවශ්‍යතා සඳහා පමණක් දක්වමි. COCR හා සම්බන්ධ නැත. )

(1 ) http://www.sundayobserver.lk/2008/05/11/fin07.asp

(2) http://www.gossiplankanews.com/2015/08/cifl-deepthi-pereras-profile-revealed.html

While Interpol too had issued a Red Notice for Deepthi Perere’s arrest, he had been in Thailand after leaving Sri Lanka.
http://bizenglish.adaderana.lk/former-chairman-of-bankrupt-cifl-arrested/

ruwan326 · **180** BETTER TO LEAVE FINANCE SECTOR FOR AWILE Sun Oct 09, 2016 6:46 pm

ruwan326

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Gainer wrote:

Chinwi wrote:

ruwan326 wrote:
CIFL.......... well I am not gonna say anything........... lats see in the future

I think you know that a former Director of CIFL is the owner of COCR ?

Young gentlemen Roshan Egodage was working in Kothalawala empire (Ceylinco Group) before the debacle of the empire . Later he was seen working together with Deepthi Perera as Directors of CIFL in n around 2006 before and during the debacle of CIFL.

I do not know what happened to Deepthi. Sometimes ago he disclosed that he didn't fled the Country but staying in Thailand with his Thai wife and child .

Egodage acquired COCR and issued shares to public at the most lucrative point of time , 2011.

----

I feel we must think twice about a mandatory offer news over 100/- . 50:50 gain or loss. Good luck.

මේ රටේ සිද්ද වෙන සමහර අමුතු දේවල් ගැන අවබෝධයක් ලබන්න අවශ්‍ය අය පහත ලින්ක් දෙක කියවන්න.
( අද්‍යාපනික අවශ්‍යතා සඳහා පමණක් දක්වමි. COCR හා සම්බන්ධ නැත. )

(1 ) http://www.sundayobserver.lk/2008/05/11/fin07.asp

(2) http://www.gossiplankanews.com/2015/08/cifl-deepthi-pereras-profile-revealed.html

While Interpol too had issued a Red Notice for Deepthi Perere’s arrest, he had been in Thailand after leaving Sri Lanka.
http://bizenglish.adaderana.lk/former-chairman-of-bankrupt-cifl-arrested/

I think this is a very good time to leave from finance sector for awhile and focus on other categories.........

My advice is better to wait till the COCR cool down Very Happy

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COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)

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