mono wrote:Rajitha wrote:Can I ask how you go t that value 37 million plz?
Reguarding you question,
Net profit for the period= 210,699,20
Mark to mark adjustment = 114,974,925
So 2.41= (210,699,20-114,974,925)/ 39,685,048.
The value of 2.41 can only go up as as for the Net profit for the period would have included even if there was any expenses in valuing the Mark to mark adjustment as well. ( when you exclude it).
Where is another link about the CDB. http://www.ft.lk/2011/01/28/cdb-tops-rs-300-m-in-9-month-net-profit/
Can you please share about your 4 stocks after explaining how you say CDB have such low gain mono ?
(Edit type last sentence)
you're assuming that the remaining 50mil in the other income category can be replicated every quarter. I'm not buying that. they do seem to get healthy amount of commissions, but there is no way they can get 50 mil in commissions alone.
gross profit was a simple calculation, net interest income subtracted by operating cost. the other thing is that they have put a negative value for bad/doubtful debt of 15 million. that's again something that cannot be replicated in fact it should almost always be a negative value, and espically so considering this was part of the ceylinco fiasco. But i'm not sure how badly CDB was exposed to that
So you making your calculations on assumptions and not on any valid accounting terms ? So I guess the quite clear gain we all +me (Lecture) + the papers can see is a mistake ?
Also from the post about you going to buy CFVF and saying rest not to buy and they can not justify the price only indicate you just trying to manipulate the rest of the people to dump there shares so you can buy it lower.
mono wrote:slstock wrote:Mono,
The thing is even if one take the off gains and tax reversal CFVF is still has about 4 EPS annualized. So the share can be worth around RS 40 atleast presently. But it has a weird behavior.
A m not making a buy recommedation as you pointed out it a bit dodgy. But presently with expected earning from LAMB sale this quarter should be decent and some dividend is what we expect.
BTW, do you still have CFVF with you are gave it up.
I'm looking to buy back again. I'm not going to buy as many as I bought last time around