LFIN - 4Q2011 Result

Monster · 1 LFIN - 4Q2011 Result Fri May 20, 2011 8:47 pm

Monster

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http://www.cse.lk/cmt/upload_report_file/379_1305894933.pdf

Quarter EPS is Rs5.65 and annual EPS is Rs14.73. Company has performed over 100% YoY growth. Finally they have achieved 1 billion net profit during financial year. I would like to recall an old post by Quibit. She has predicted LFIN will get 1 billion in FY 2011.
http://forum.srilankaequity.com/t41-lb-finance-lfin-is-worth-rs-480
Note: Share price and EPS she has predicted is before split.

Other operating income of Rs 172 million is added to the gross profit. But it's not mentioned how they get it. Even if we remove other operating income, still LFIN is attractive.

PS: I do not hold LFIN in my portfolio.

Slstock · 2 Re: LFIN - 4Q2011 Result Sat May 21, 2011 4:22 am

Slstock

Director - Equity Analytics

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Monster wrote:http://www.cse.lk/cmt/upload_report_file/379_1305894933.pdf

Quarter EPS is Rs5.65 and annual EPS is Rs14.73. Company has performed over 100% YoY growth. Finally they have achieved 1 billion net profit during financial year. I would like to recall an old post by Quibit. She has predicted LFIN will get 1 billion in FY 2011.
http://forum.srilankaequity.com/t41-lb-finance-lfin-is-worth-rs-480
Note: Share price and EPS she has predicted is before split.

Other operating income of Rs 172 million is added to the gross profit. But it's not mentioned how they get it. Even if we remove other operating income, still LFIN is attractive.

PS: I do not hold LFIN in my portfolio.

This is great results as expected. Though there is some other income their core income also shows very clear growth.
This is a company with high ROE we should hold for medium to long term now. DP and Vallible 1 factor should also contribute to sentiments.

If one takes average of last 2 quarter EPS annulaize it will be 17.88.
I believe it will be fair estimate for future of the company which should report 4+ eps .

So with PE of 12 this shares can be valued at 17.88*12= Rs 214
So with PE of 15 this share can be valued at 17.88*15= Rs268

In summary I see this hitting atleast Rs 200+ when Vallible 1 comes to market ( thinking positively for a positive market at that time).