My pick 3-CINS

http://www.cse.lk/cmt/upload_report_file/367_1305271943716.pdf

*EPS- (3 months)- 10.84
*highest revenue came from-life insurance= 3,088,365,000
*highest profit came from-other operations= 138,945,000

impressive results........

To the current market price non voting share is worth than voting share.

Monster wrote:To the current market price non voting share is worth than voting share.

agree with you,voting price rapidly rose,but non voting stagnant at 300 levels,CINS is a giant in srilankan insurance field,we can expect more good results further.

Here i'm coming to rescue you guys.. look at the following comparison and tell me how you feel about the results;


Now if you guys are OOPS!! after looking at this, here's the conclusion;
EPS got decreased by ard 130% for the Q1 qtr compared with last qtr (December 2010)
Other income + income from Associates kept the momentum running for CINS

smallville wrote:Here i'm coming to rescue you guys.. look at the following comparison and tell me how you feel about the results;


Now if you guys are OOPS!! after looking at this, here's the conclusion;
EPS got decreased by ard 130% for the Q1 qtr compared with last qtr (December 2010)
Other income + income from Associates kept the momentum running for CINS

Thanks smallville for bringing this up. Intrestingly CINS is not the only company to have shown YoY growth while showing a QoQ decline. Chickens did so too and so did DIAL, SLTL and very many other companies. But if you read the press releases all of them companies are doing wonderfully well. That's why I always say don't buy share based on what the papers say. Only a few like DOCK have shown both QoQ and YoY improvements.


Disclaimer: Please note that I am not asking anyone to buy or sell any of the shares mentioned above, I am just giving examples.

Agree with smallville,but i won't say oops

*In insurance, company revenues derives mainly from underwriting and investment. Insurance companies make money first, by underwriting good risks so that their premium cover claims losses and expenses (the money left over being called underwriting income), and second, by investing premiums until claims have to be paid (called investment income), sometimes casualty companies lost money on underwriting but made up for the loss with a gain in investment income.

*earning pattern(group-EPS)
2009-1Q-3.83
2009-2Q-4.81
2009-3Q-4.58
2009-4Q-13.28
2010-1Q-4.19
2010-2Q-0.75
2010-3Q-3.75
2010-4Q-28.98
2011-1Q-10.84
as highlighted above last quarters of financial years done exceptionally,but 1Q profits came down(didn't looked into steep,so there may be little miscalculations,but not huge deviations)

*Net Change in Reserve for Unearned Premium-there is a considerable deviation in this item(in quarter results)-this unearned premiums may come realized in coming quarters.
---Written premium is premium registered on the books of an insurer or reinsurer at the time a policy is issued and paid for. Premium for a future exposure period is said to be unearned premium for an individual policy, written premium minus unearned premium equals earned premium. Earned premium is income for the accounting period, while unearned premium will be income in a future accounting period.

*Investment income is likely to come under threat in the medium term given lower
returns on both equity and government securities(ASI and MPI fluctuate)

*total investments-(32Bn)

anyway thanks given to smallville for point out this,but still considering growth phase, this as a good share.

Monster wrote:To the current market price non voting share is worth than voting share.

today we saw a interest on CINS non voting,while CINS N swing around 700,
we may can see a price hike further.not sure

is CINS being illiquid??
why not much selling orders,also there was no panic selling.i saw some collection of CINS N before financials released and these days also.
is it preparing for something?

*Public Holding -
As at 31st. March, 2011 - The percentage of ‘Public Holding’ (as defined by the Colombo Stock Exchange circular amended in January, 2004) is 39% of the issued Voting share capital and 49.18% of the issued Non Voting share capital.

*Note-Voting shareholders who hold over 10% of the issued voting share capital is 54% (03 shareholders) and for Non Voting those who hold over 10% is 47.17% (02 shareholders) of the issued non voting share capital.

*Stated Capital -20,000,000 Ordinary Voting shares and 6,414,480 Ordinary Non Voting shares.

this is my 3 rd pick-
this share was very steady in raining days,not much selling pressure.....good counter which backed up with fundamentals,the best thing i see in this counter is steady in such market conditions like we experience in these days...........
good buy to me.........

what you guys say?

who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

mark wrote:who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

Lets try next time malli. Im with you

swan03 wrote:

mark wrote:who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

Lets try next time malli. Im with you

Someone has brought it and it is his luck. swan3 or myself or god cant help you. It is demand and supply. At the correct time we must offer correct price and then only u can buy your favarites. I an be with u . But it doesn't mean that you will easily buy your interested shares at the price you offer.

Rajaraam wrote:

swan03 wrote:

mark wrote:who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

Lets try next time malli. Im with you

Someone has brought it and it is his luck. swan3 or myself or god cant help you. It is demand and supply. At the correct time we must offer correct price and then only u can buy your favarites. I an be with u . But it doesn't mean that you will easily buy your interested shares at the price you offer.

oh,actually i sold at over 850-930 which i bought at around 610-695,the thing is now i dont hold any CINS N, i was willing to buy at even at 800,but the trade happens when i was not in home


btw have a look at CINS X

mark wrote:

Rajaraam wrote:

swan03 wrote:

mark wrote:who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

Lets try next time malli. Im with you

Someone has brought it and it is his luck. swan3 or myself or god cant help you. It is demand and supply. At the correct time we must offer correct price and then only u can buy your favarites. I an be with u . But it doesn't mean that you will easily buy your interested shares at the price you offer.

oh,actually i sold at over 850-930 which i bought at around 610-695,the thing is now i dont hold any CINS N, i was willing to buy at even at 800,but the trade happens when i was not in home


btw have a look at CINS X

Yes mark, I am also trying even at 800+. But not successful yet.

Rajaraam wrote:

mark wrote:

Rajaraam wrote:

swan03 wrote:

mark wrote:who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

Lets try next time malli. Im with you

Someone has brought it and it is his luck. swan3 or myself or god cant help you. It is demand and supply. At the correct time we must offer correct price and then only u can buy your favarites. I an be with u . But it doesn't mean that you will easily buy your interested shares at the price you offer.

oh,actually i sold at over 850-930 which i bought at around 610-695,the thing is now i dont hold any CINS N, i was willing to buy at even at 800,but the trade happens when i was not in home


btw have a look at CINS X

Yes mark, I am also trying even at 800+. But not successful yet.

Mr. Rajaram, Im waiting until it comes at 700

mark laughing while I pull my hair

missed a buy order some time ago by a few rupees

swan03 wrote:

Rajaraam wrote:

mark wrote:

Rajaraam wrote:

swan03 wrote:

mark wrote:who was the lucky buyers bought CINS at 700,oh shit i missed it guys

still no one cares about me

Lets try next time malli. Im with you

Someone has brought it and it is his luck. swan3 or myself or god cant help you. It is demand and supply. At the correct time we must offer correct price and then only u can buy your favarites. I an be with u . But it doesn't mean that you will easily buy your interested shares at the price you offer.

oh,actually i sold at over 850-930 which i bought at around 610-695,the thing is now i dont hold any CINS N, i was willing to buy at even at 800,but the trade happens when i was not in home


btw have a look at CINS X

Yes mark, I am also trying even at 800+. But not successful yet.

Mr. Rajaram, Im waiting until it comes at 700

yes..akki..good .. i am also doing the same for my bids also ...requesting llittle lower than the market price.. so next few days if market went down even nothing to worry.. if i could not get for my bid price also not worried much hope next time will be lucky...

@mark ...How is CTC ???

Oh yes manula, Im waiting patiently

@manula-see whether CTC breaks the 700 barrier with high volumes,i exited from this,but will considering buying again by checking the trend,now CTC declared a interim dividend of 7rs,this may be why it ran hardly yesterday

btw my predcition on CINS will be remain unchanged,check for updates in my FB page

mark wrote:@manula-see whether CTC breaks the 700 barrier with high volumes,i exited from this,but will considering buying again by checking the trend,now CTC declared a interim dividend of 7rs,this may be why it ran hardly yesterday

btw my predcition on CINS will be remain unchanged,check for updates in my FB page

I have noted. You are a smart stock trader/investor.We could learn from you.

@mark..yes at leaset CTC is paying good dividends..if break 700 barier will be very nice.

same time trying CINS ato buy around 700..i know it will be hard...but according to the market movments some time it will be lucky.. never knows..better to collect small quntity..by the way how to see you r updates in FB as you mention

manula wrote:@mark..yes at leaset CTC is paying good dividends..if break 700 barier will be very nice.

same time trying CINS ato buy around 700..i know it will be hard...but according to the market movments some time it will be lucky.. never knows..better to collect small quntity..by the way how to see you r updates in FB as you mention

in that group my targeted price is 1250Rs in end of this year ,actually it touched 1250

anyway my prediction remains,i may be embarrassingly wrong,also can be extremely wrong with this market
its just a poor prediction

Im thinking of CINS.X at 300