COMMERCIAL CREDIT & FINANCE PLC - COCR

cheetah · 1 COMMERCIAL CREDIT & FINANCE PLC - COCR Tue Nov 02, 2021 10:58 pm

cheetah

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we can expect Rs10 EPS for 6 month period. Highly undervalued share in CSE . Currently traded at Rs 25.

Eugine Fernando · 2 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 6:06 am

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cheetah wrote:we can expect Rs10 EPS for 6 month period. Highly undervalued share in CSE . Currently traded at Rs 25.

Yes, with the amalgamation with TFIL the result should be very attractive for this quarter.

Niwa · 3 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 6:44 am

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Very good counter at a bargain price . Thing is people are refrained buying Banks and NFBI with countries sovereign issue. Could see the same trend with VFIN and LFIN. Any way can expect a price appreciation this time as this share was trading around 20-25 for sometime.

bkasun · 4 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 11:52 am

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This is a really undervalued counter.. Last Q EPS was Rs 6.50 and forward PER is less than 2. Also PBV is 0.5x

This Q results will definitely be better than last Q results.. Better to keep on eye in this share.. Should trade above 40..

bkasun · 5 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 4:39 pm

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Q financials are just released. PAT is up by 150%+ on YoY basis and 67% on QoQ basis. Super performance..

Will be next rising star in NBFI sector...

Harry82 · 6 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 5:32 pm

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no. vfin also good result but price not up.

RajapaksaDON · 7 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 7:58 pm

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Harry82 wrote:no. vfin also good result but price not up.

NET ASSET VALUE

VFIN Rs. 38.80
COCR Rs. 51.06

N. Profit

VFIN Rs.mn 1301
COCR Rs.mn 1321

Annualised EPS ( six months)

VFIN Rs. 11.05
COCR Rs. 8.31

Annualised EPS ( Q 2 )

VFIN Rs. 12.42
COCR Rs. 10.13

NET PROFIT INCREASE AGAINST SAME PERIOD OF THE PREVIOUS YEAR;

VFIN 120%
COCR 150%

MARKET PRICE

VFIN Rs. 41.30 (NAV-38.80)
COCR Rs. 25.10 (NAV-51.06)

Looks like COCR's performance is much better and it is attractive than VFIN when compared to the MP and NAV with Q earning.

Harry82 · 8 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 8:12 pm

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CLC NAV is Just 3.45
EPS Just 0.09 (1st Quarter)
But price is Rs 70.00

RajapaksaDON · 9 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Wed Nov 03, 2021 10:07 pm

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Harry82 wrote:CLC NAV is Just 3.45
EPS Just 0.09 (1st Quarter)
But price is Rs 70.00

No comments

cheetah · 10 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Fri Nov 05, 2021 10:43 am

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COCR Result out
https://cdn.cse.lk/cmt/upload_report_file/1063_1635933117197.pdf

EPS - 10.13
NAV - 51
Market Value - 25

newone · 11 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Sun Nov 07, 2021 12:49 am

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I think the next gem is COCR. It will be collected at the correct time.

bkasun · 12 Re: COMMERCIAL CREDIT & FINANCE PLC - COCR Sun Nov 07, 2021 3:54 pm

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This is a hidden gem.. Impressive performance in last few Qs and they declared a good dividend too in this year.

This share was traded Rs 50+ in few years back.. Should bounce back to that level..