CFVF - First Capital

I think a dividend is long overdue. The rate cut today is another positive for First Capital. Any views on it?

I remember this share is a broker recommended one two years ago. i hold this for some time now. even the factors seems to be positive with CFVF it falls to very low levels past years. it seems some interesting gained, but there will be noticeable pressure to put it down because many of the guys stuck with it.

It is a real question that why CFVF not giving any dividend since 2011. I'm not aware about teh company status.

appreciate if some can shed light on it. personally i am thinking the current level is still low for it desired value. Anyway i will hold this till a good return.

It's very interesting that collectors moment. he mainly entered in the morning then at the end. I felt some confidence. i bought some hoping for best .
if a crap like pch is moving, why not CFVF

Just to mention, CSEC owns 70% of CFVF .

Today, with the news of rates adjustments, CFVF touched 16.50, a new 52Week record and later settler around 15.50

It's parent Dunamis Capital PLC (CSEC.N0000) closed at 13.20, 12.58% below its 52-week high

Chinwi wrote:Just to mention, CSEC owns 70% of CFVF .

Today, with the news of rates adjustments, CFVF touched 16.50, a new 52Week record and later settler around 15.50

It's parent Dunamis Capital PLC (CSEC.N0000) closed at 13.20, 12.58% below its 52-week high

Do you know the story of Next Ventures Ltd? Is it now Schafter controlled?
Also noticed the stakes in CSEC and CFVF by Janashakthi Ltd - bought on margin. Margin pledging which shares

Chinwi wrote:Just to mention, CSEC owns 70% of CFVF .

Today, with the news of rates adjustments, CFVF touched 16.50, a new 52Week record and later settler around 15.50

It's parent Dunamis Capital PLC (CSEC.N0000) closed at 13.20, 12.58% below its 52-week high

Yes, CSEC disposed their incompetent businesses, LAMB and the Montessori products, last year and year before and focused on financial segment. More than 75% profit of CSEC business is coming from CFVF. Manjula and Dinesh collected CSEC shares heavily from the market during the bear period.

25% of my portfolio is CFVF and my last collection was at 13.10 (Avg 12.30). I have no intention to buy further or sell immediately. Having a good sleep at night and waiting for the right time to sell.

I don’t have any CSEC shares at the moment and thinking the get the maximum of the harvest investing only on CFVF.

What do you think Chnwi? We will be able to get 80-100% gain easily before they dispose their bonds, thanks to this bull run and PBJ. The real game is after that.
New comers, Please don’t take this as a promotion. Just search the forum and find recent discussions. There are some valuable contributions from Chinwi and TheAlchemist.

Bond wrote:
Do you know the story of Next Ventures Ltd? Is it now Schafter controlled?
Also noticed the stakes in CSEC and CFVF by Janashakthi Ltd - bought on margin. Margin pledging which shares

@bond,
I think Next Venture was family owned , Dinesh was in control ???
Anything happened ? I have no direct contacts. pl. explain.

can you explain about margin case too ?

@seek,

Yes. I hope so, to get a fair return, may be not as much as last time .

You have done it correctly.
My holding was CSEC:CFVF 2:1
during last few months I gradually adjusted it to 1:2

Funny thing is many brokers do not aware of these types of shares and what kind of business they do.

I had to explain it to one of my brokers to justify my holdings.

මොකක්ද මචන් මේ ? මොකටද මෙච්චර ගත්තේ ?

I think, now he is consulting others to buy CFVF.

seek wrote:Funny thing is many brokers do not aware of these types of shares and what kind of business they do.

I had to explain it to one of my brokers to justify my holdings.

මොකක්ද මචන් මේ ? මොකටද මෙච්චර ගත්තේ ?

I think, now he is consulting others to buy CFVF.

he he Same here. Most of them are adhered to well known stocks and talk about them every time.

Sorry I didn't answer correctly in my last comment.
Yes, with this new situation we may get nearly 80-100% before they get the real harvest.
I do not hope to sell. Last time I collected more after calculating the big EPS before they announced.

Has anyone studied other companies with similar interest as CFVF ;-)

slstock wrote:Has anyone studied other companies with similar interest as CFVF ;-)

i read a post on the forum maybe a week or 10 days back, someone new (i forget name) recommending ESL (Entrust Securities) when it was 18-19.

The Alchemist wrote:

slstock wrote:Has anyone studied other companies with similar interest as CFVF ;-)

i read a post on the forum maybe a week or 10 days back, someone new (i forget name) recommending ESL (Entrust Securities) when it was 18-19.

New stock brokering firm and margin account arm will strength their bottom line further. In addition to that they earn good income from consultations, specially facilitating debt issues.

Thanks all for contributing to lighten up CFVF. I feel safe my investment today.

seek , you are absolutely correct. why dont broker firms not acknowledging us these information. about 2 years ago they promoted this but didn't explain any in it's down turn.

Should have been easily collect more when it was at low prices.

Last Qtr EPS 79 cents,
9 months EPS 1.84 (annual 2.50)

trading at 6 PER. 15/2.50
looks average company, problem is much uncertainty
the dark side is Short term investments 11b and 1% of its drop in value will erase half of annual profit.

For Investment purpose there are lot of good shares than CFVF. True I dont no anything about CFVF. Anyway for shortterm trading may be it will be good but I have never touch this before... just my feeling

malanp wrote:Last Qtr EPS 79 cents,
9 months EPS 1.84 (annual 2.50)

trading at 6 PER. 15/2.50
looks average company, problem is much uncertainty
the dark side is Short term investments 11b and 1% of its drop in value will erase half of annual profit.

EPS = History

To know about the future we have to do many kinds of explorations

sandunj wrote:For Investment purpose there are lot of good shares than CFVF.

True I dont no anything about CFVF.

contradicted. If you do not know anything about something how can you compare it and say .... ..... ....
.
.
BTW, yes there are many good shares than CFVF .

@malanp, you are talking about 1% drop when intrest rates are declining and equities are appriciating. Actally their investments should be 2-3% up now.

Chinwi wrote:

malanp wrote:Last Qtr EPS 79 cents,
9 months EPS 1.84 (annual 2.50)

trading at 6 PER. 15/2.50
looks average company, problem is much uncertainty
the dark side is Short term investments 11b and 1% of its drop in value will erase half of annual profit.

EPS = History

To know about the future we have to do many kinds of explorations

Ha Ha well said Chinwi !
Let me be the first to congratulate you on your 1000 posts. well done and keep it up !
Talking about explorations, it is similiar to oil explorations. if we pretend each well is one quarter, then sometimes first three wells may seem dry, no ? but in 4th or 5th well, you may strike oil !
Not much time left to do seismic studies now !

The Alchemist wrote:

Chinwi wrote:

malanp wrote:Last Qtr EPS 79 cents,
9 months EPS 1.84 (annual 2.50)

trading at 6 PER. 15/2.50
looks average company, problem is much uncertainty
the dark side is Short term investments 11b and 1% of its drop in value will erase half of annual profit.

EPS = History

To know about the future we have to do many kinds of explorations

Ha Ha well said Chinwi !
Let me be the first to congratulate you on your 1000 posts. well done and keep it up !
Talking about explorations, it is similiar to oil explorations. if we pretend each well is one quarter, then sometimes first three wells may seem dry, no ? but in 4th or 5th well, you may strike oil !
Not much time left to do seismic studies now !

Dreaming of a 5th quarter

In all seriousness the business model is driven by the difference between the repo and reverse repo. As a rough guide 65% of assets are in govt securities. 85% of this (i.e. 66%*85%) is in reverse repo.

But I'm still puzzled how they can play around with this for too long.

For example put 5b in overnight repo 10%
Borrow 4.5b by pledging the above - reverse repo. Use the 4.5b borrowed funds to buy more govt bonds.

Now pray that interest rates drop to 8%. The price increase in bonds should should settle debt and make a profit. As the RAMS report puts it, when the interest rates increase by 100bps (1%) the sh!t hits the fans.

Perhaps @Chinwi and @Alchemist could care to explain further

The Alchemist wrote:

Chinwi wrote:

malanp wrote:Last Qtr EPS 79 cents,
9 months EPS 1.84 (annual 2.50)

trading at 6 PER. 15/2.50
looks average company, problem is much uncertainty
the dark side is Short term investments 11b and 1% of its drop in value will erase half of annual profit.

EPS = History

To know about the future we have to do many kinds of explorations

Ha Ha well said Chinwi !
Let me be the first to congratulate you on your 1000 posts. well done and keep it up !
Talking about explorations, it is similiar to oil explorations. if we pretend each well is one quarter, then sometimes first three wells may seem dry, no ? but in 4th or 5th well, you may strike oil !
Not much time left to do seismic studies now !

Keep on exploring untill you finish all your money.

In CSE no time to dig empty wells , by the time you find the right share, nothing left with you, losses and brokers all have taken your money.

So try to find oil in the first well itself, otherwise no second chance...

malanp wrote:

The Alchemist wrote:

Chinwi wrote:

malanp wrote:Last Qtr EPS 79 cents,
9 months EPS 1.84 (annual 2.50)

trading at 6 PER. 15/2.50
looks average company, problem is much uncertainty
the dark side is Short term investments 11b and 1% of its drop in value will erase half of annual profit.

EPS = History

To know about the future we have to do many kinds of explorations

Ha Ha well said Chinwi !
Let me be the first to congratulate you on your 1000 posts. well done and keep it up !
Talking about explorations, it is similiar to oil explorations. if we pretend each well is one quarter, then sometimes first three wells may seem dry, no ? but in 4th or 5th well, you may strike oil !
Not much time left to do seismic studies now !

Keep on exploring untill you finish all your money.

In CSE no time to dig empty wells , by the time you find the right share, nothing left with you, losses and brokers all have taken your money.

So try to find oil in the first well itself, otherwise no second chance...

Not an issue for those able to read the seismic data.

backstage wrote: Not an issue for those able to read the seismic data.

When Ocean retreats exposing the sea surface people run there to view the rare sight and collect many items as possible. Some people demarcate the new land area they occupy and take all steps to protect it from the 'intruders' .

Those who able to read the seismic data , as backstage said, know what next .

Usually they leave the area before the big wave hit the beach - or leave the room before the electrons reach the fan coil.

Chinwi wrote:
Usually they leave the area before the big wave hit the beach - or leave the room before the electrons reach the fan coil.

I remember when this share was trading around 15, they announced a dividend of 15. (may be in 2010) The share hit Rs100. Then they announced a 3 for one split. when the share again came to old levels after the dividend and split, there could have been many who could not understand what hit them...

Quite a tsunamic stock for seismic readers....