CIFL Net asset value 8.5 , trading @ Rs 4/=

ddrperera · 1 CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 11:55 am

ddrperera

Vice President - Equity Analytics

Posts : 1032
Equity Stars : 7443
Reputation : 22
Join date : 2011-07-13
Age : 39

profit also down in this quarter.it is the nature of finance company during this year.they also stuck with leasing and affect increase rates.any comments[list=1][*]

Last edited by slstock on Tue Aug 21, 2012 7:48 pm; edited 1 time in total (Reason for editing : I edited and corrected the title as NAV 21 is incorrect . If we say NAV is 21 and heavily trading at rs 4 can be misleading to some as buy signal.)

Slstock · 2 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 12:03 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13568
Reputation : 1158
Join date : 2011-01-22

where did you find NAV 21?

It is 8.45 . See below.

http://www.cse.lk/cmt/upload_report_file/1083_1345115329.pdf

K.Haputantri · 3 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 12:22 pm

K.Haputantri

Co-Admin

Posts : 2274
Equity Stars : 9076
Reputation : 390
Join date : 2011-12-06
Age : 75
Location : Moratuwa

slstock wrote:where did you find NAV 21?

It is 8.45 . See below.

http://www.cse.lk/cmt/upload_report_file/1083_1345115329.pdf

These are unaudited accounts. I also saw its NAV as Rs:21.00 & EPS Rs:00.24 in their audited accounts received today in CD.

Slstock · 4 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 12:49 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13568
Reputation : 1158
Join date : 2011-01-22

Okay the income for the year ended on march 31st is 0.24 according to them. YoY it is a drop from Rs 1.15 to 0.24.

There is something wrong with the NAV calculation in their annual report. Not sure how it is Rs 21. NAV should be around Rs 8,45. Are they taking the total shares on issue? But I need to double check again to mak sure I did not make a mistake.

K.Haputantri wrote:

slstock wrote:where did you find NAV 21?

It is 8.45 . See below.

http://www.cse.lk/cmt/upload_report_file/1083_1345115329.pdf

These are unaudited accounts. I also saw its NAV as Rs:21.00 & EPS Rs:00.24 in their audited accounts received today in CD.

Chinwi · 5 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 1:08 pm

Chinwi

Associate Director - Equity Analytics

Posts : 3097
Equity Stars : 9154
Reputation : 418
Join date : 2010-06-08
Location : Asia

Not possible.

To increase the NAV like this there should be notable indicators in other accounts.

In this kind of a rise, naturally we get info & hints about extraordinary success in its business , a big revaluation or a big boom in Stock market prices of its holdings.

As per un audited reports the NAVPS has gone down from 15/- to 8.40 within one year.

coolkane · 6 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 3:38 pm

coolkane

Manager - Equity Analytics

Posts : 127
Equity Stars : 5074
Reputation : 1
Join date : 2011-08-11

companies earnings very poor.......

Whitebull · 7 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 5:30 pm

Whitebull

Assistant Vice President - Equity Analytics

Posts : 876
Equity Stars : 5585
Reputation : 33
Join date : 2012-05-15

As far as I can remember CIFL came to the market when they were at the tip of brankrupcy.With IPO money they have postphoned that.

(Recently I did not check their financials)

Slstock · 8 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 6:55 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13568
Reputation : 1158
Join date : 2011-01-22

Whitebull wrote:As far as I can remember CIFL came to the market when they were at the tip of brankrupcy.With IPO money they have postphoned that.

(Recently I did not check their financials)

AS there are holder of CIFL here I will not explicitly mention my opinion to upset them.
All I can say is watch carefully the progess with this company if you have or planning to invest long term.

smallville · 9 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 7:27 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10300
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

I'd also hold my tongue on their credibility.

This is the NAV as per their latest financials;

Share holder's Funds = 704770486

No of shares as of 30/06/12 = 83426733

NAV = 704770486/ 83426733 = 8.447

Previously they had 19739424 ordinary shares. After a 5 to 11 subdivision and 40 Mil released for IPO, they get 83426733 shares.

So if they divide the 704770486 value by after sub division shares of 43426732.8, they get an NAV of 16.22..

So the NAV dilution mainly due to the above factors IMO..

Slstock · 10 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 7:32 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13568
Reputation : 1158
Join date : 2011-01-22

They have staed 21. Not 8,5 or 16.22.
They should not be doing this if it is intentional.

smallville wrote:I'd also hold my tongue on their credibility.

This is the NAV as per their latest financials;

Share holder's Funds = 704770486

No of shares as of 30/06/12 = 83426733

NAV = 704770486/ 83426733 = 8.447

Previously they had 19739424 ordinary shares. After a 5 to 11 subdivision and 40 Mil released for IPO, they get 83426733 shares.

So if they divide the 704770486 value by after sub division shares of 43426732.8, they get an NAV of 16.22..

So the NAV dilution mainly due to the above factors IMO..

smallville · 11 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 10:23 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10300
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

slstock wrote:They have staed 21. Not 8,5 or 16.22.
They should not be doing this if it is intentional.

smallville wrote:I'd also hold my tongue on their credibility.

This is the NAV as per their latest financials;

Share holder's Funds = 704770486

No of shares as of 30/06/12 = 83426733

NAV = 704770486/ 83426733 = 8.447

Previously they had 19739424 ordinary shares. After a 5 to 11 subdivision and 40 Mil released for IPO, they get 83426733 shares.

So if they divide the 704770486 value by after sub division shares of 43426732.8, they get an NAV of 16.22..

So the NAV dilution mainly due to the above factors IMO..

That 21 figure on the AR could've been an error.. I cant find any calculation that match such criteria Wink

Amaratunga · 12 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Fri Jan 11, 2013 5:12 pm

Amaratunga

Equity Analytic

Posts : 33
Equity Stars : 4386
Reputation : 0
Join date : 2013-01-03

It will surely be trading at Rs. 8 to Rs. 9 range soon. Just see, dont buy now but buy when it goes to Rs. 8 - 9 please becoursewe need to sell at that level

Thanks

Last edited by npp on Fri Jan 11, 2013 5:35 pm; edited 1 time in total (Reason for editing : removed color)

Roboticfx · 13 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Fri Jan 11, 2013 7:47 pm

Roboticfx

Senior Vice President - Equity Analytics

Posts : 1858
Equity Stars : 8105
Reputation : 131
Join date : 2011-07-16
Location : 5° 55'N - 9° 55' N and 79° 42'E - 81° 52E'.

As I person who stuck on this, I don't recommend this as a better pick. Quick profit is O.K. but it's risky to hold for a long time. Its small share quantity can fluctuate its price from hell to heaven.
Current price level seems to be O.K. and it may generate chances for short capital gains "if " market continually rise up. I remind you again, don't buy to retain.

Experts and risk takers can try, others can keep away. If you can play right, you will be a winner. Otherwise you'll be a fool of yourself.

Happy Trading!
Knowledge and Experience will show you the correct way!
Rational intelligence will carry you through the way to end! (Just a thought to think far) Very Happy

indi009 · 14 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Sun Jan 13, 2013 7:23 am

indi009

Senior Manager - Equity Analytics

Posts : 447
Equity Stars : 4989
Reputation : 10
Join date : 2012-09-16

How do you compare CIFL with AAF?

sisira.wijeweera · 15 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Thu Jan 24, 2013 7:27 am

sisira.wijeweera

Assistant Vice President - Equity Analytics

Posts : 674
Equity Stars : 5507
Reputation : 11
Join date : 2011-12-03

4.40 pruce is ok to buy please advice .... bounce

tharindu1 · 16 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Thu Jan 24, 2013 8:51 am

tharindu1

Senior Equity Analytic

Posts : 50
Equity Stars : 4581
Reputation : 0
Join date : 2012-09-13

Dont worry ,next few days CIFL should be moving up @ 7-8

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

CIFL Net asset value 8.5 , trading @ Rs 4/=

1 CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 11:55 am

ddrperera

2 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 12:03 pm

Slstock

3 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 12:22 pm

K.Haputantri

4 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 12:49 pm

Slstock

5 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 1:08 pm

Chinwi

6 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 3:38 pm

coolkane

7 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 5:30 pm

Whitebull

8 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 6:55 pm

Slstock

9 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 7:27 pm

smallville

10 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 7:32 pm

Slstock

11 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Tue Aug 21, 2012 10:23 pm

smallville

12 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Fri Jan 11, 2013 5:12 pm

Amaratunga

13 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Fri Jan 11, 2013 7:47 pm

Roboticfx

14 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Sun Jan 13, 2013 7:23 am

indi009

15 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Thu Jan 24, 2013 7:27 am

sisira.wijeweera

16 Re: CIFL Net asset value 8.5 , trading @ Rs 4/= Thu Jan 24, 2013 8:51 am

tharindu1

17 Re: CIFL Net asset value 8.5 , trading @ Rs 4/=

Sponsored content

New topics