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Sri Lanka Senkadagala Finance debt gets 'BBB+(lka)' rating

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nal 78


Equity Analytic
Equity Analytic

http://www.lankabusinessonline.com/fullstory.php?nid=624134500

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics

The rating seems to be decent enough.

Does anyone have access to the financials? Hopefully it should have been distributed among broker firms. It would be better to look at the financials before taking a plunge. Ideally, CSE should have published in its site before it being traded in public.

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics

Just got a hand to their 31st March10 financials from their site.

EPS- 2.29
NAVPS - 42.02

Cost / Income ratio - 59% (A bit high though)

Deposits - 2Bn
Advances - 4.4Bn

Non-performing advances - 4.32% (Not at all bad for a Finance Co.).

Annual Report : https://www.senfin.com/images/Senkadagala_2009-10.pdf

We need to look at recent financials. I hope a share price of around Rs.35 -40 at current market conditions would not be a bad beginning.

4Sri Lanka Senkadagala Finance debt gets 'BBB+(lka)' rating Empty Recent financials Tue Mar 22, 2011 9:07 am

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

anu wrote:

We need to look at recent financials. I hope a share price of around Rs.35 -40 at current market conditions would not be a bad beginning.

Here is the link : In case you missed.
The link for the intro doc.
https://www.senfin.com/images/sfcl_introdoc.pdf

http://forum.srilankaequity.com/u188

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