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

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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

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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

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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

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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

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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

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companies earnings very poor.......

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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

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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/=

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