PLC share price

Night Raven · 1 PLC share price Thu Aug 13, 2020 9:14 pm

Night Raven

Stock Trader

Posts : 3
Equity Stars : 1374
Reputation : 0
Join date : 2020-08-13

Hi just a newbie here!

Any reason why PLC price not moving up? Given the good performance of PINS which is 75% owned by PLC

SUSPENS · 2 Re: PLC share price Thu Aug 13, 2020 9:23 pm

SUSPENS

Assistant Vice President - Equity Analytics

Posts : 760
Equity Stars : 4170
Reputation : 26
Join date : 2015-04-16

With there reports you can buy at 10 or 10.50.

No leasing income due to the morotoriums...

No big deposits due to the TFC and Swarnamahala FInance incident.....

No big profits

Love Boy · 3 Re: PLC share price Fri Aug 14, 2020 4:30 pm

Love Boy

Senior Manager - Equity Analytics

Posts : 455
Equity Stars : 1897
Reputation : 3
Join date : 2020-08-13

Good Share. Let us see what will happen.

Eranga87 · 4 Re: PLC share price Sun Aug 16, 2020 5:52 pm

Eranga87

Assistant Vice President - Equity Analytics

Posts : 746
Equity Stars : 2412
Reputation : 42
Join date : 2020-01-27
Location : Telaviv

PLC has recorded 4.9Bn credit losses Sad

in their 2019/20 FY even they earned 3.5Bn profit. highest losses made in Lease & HP and Loans. It is massive losses compare with previous years' financials. this year also, can expect credit loss like this.
I think, this may be caused to decline PLC price furthermore. Be care .. now touch PLC N. 0000

Anyway, PLC is a good one of share. But, Now better to wait some times.. Smile

....Good Luck....

Night Raven · 5 Re: PLC share price Mon Aug 17, 2020 6:31 am

Night Raven

Stock Trader

Posts : 3
Equity Stars : 1374
Reputation : 0
Join date : 2020-08-13

PINS quarterly results are really good. May be this will help PLC to get good dividend income. But still for all, PLC share price is stagnated around 11.60

Love Boy · 6 Re: PLC share price Mon Aug 17, 2020 8:29 am

Love Boy

Senior Manager - Equity Analytics

Posts : 455
Equity Stars : 1897
Reputation : 3
Join date : 2020-08-13

Eranga87 wrote:PLC has recorded 4.9Bn credit losses in their 2019/20 FY even they earned 3.5Bn profit. highest losses made in Lease & HP and Loans. It is massive losses compare with previous years' financials. this year also, can expect credit loss like this.
I think, this may be caused to decline PLC price furthermore. Be care .. now touch PLC N. 0000

Anyway, PLC is a good one of share. But, Now better to wait some times..

....Good Luck....

Thank You!. Banks also have short term impact. but they are not showing the impact of rate cut. what do you think?

Love Boy · 7 Re: PLC share price Mon Aug 17, 2020 8:32 am

Love Boy

Senior Manager - Equity Analytics

Posts : 455
Equity Stars : 1897
Reputation : 3
Join date : 2020-08-13

Night Raven wrote:PINS quarterly results are really good. May be this will help PLC to get good dividend income. But still for all, PLC share price is stagnated around 11.60

Never! This is a result of negative growth of claims. PINS will not worth more.