AFSL Abans Finance

haveesha · 1 AFSL Abans Finance Thu May 07, 2015 10:29 am

haveesha

Stock Trader

Posts : 5
Equity Stars : 4429
Reputation : 0
Join date : 2012-04-07

I have some shares of AFSL .. is this the time i can sell or will the price be up within coming week?? any advices..

Teller · 2 Re: AFSL Abans Finance Thu May 07, 2015 11:45 am

Teller

Moderator

Posts : 5640
Equity Stars : 17135
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Look their financials. If you see last 5 quarterly financial reports , you can see they are profit in some quartes but loss in some. For my point of view, If they can maintain average profit around 50 million a quarter, the share price can hit 40/- plus. Very few public holding at the moment. The uncertainancy of their profit is an issue to buy this share. Better around 26 to buy but hold medium to long for a good sell.

haveesha · 3 Re: AFSL Abans Finance Thu May 07, 2015 12:15 pm

haveesha

Stock Trader

Posts : 5
Equity Stars : 4429
Reputation : 0
Join date : 2012-04-07

Thank you for advices..

ddp · 4 Re: AFSL Abans Finance Thu May 07, 2015 12:41 pm

ddp

Stock Analytic

Posts : 18
Equity Stars : 3336
Reputation : 0
Join date : 2015-04-28

its a part of one of the cheapest group in sri lanka.. dnt buy

soileconomy · 5 Re: AFSL Abans Finance Fri May 08, 2015 6:59 am

soileconomy

Senior Vice President - Equity Analytics

Posts : 1504
Equity Stars : 7542
Reputation : 45
Join date : 2011-02-20
Age : 46
Location : Nebraska

Trading price is attractive for me to buy.
They record at least 20% growth in turnover on quarter on quarter.Bad hit on their p&l accounts would have almost fully provided for Gold loans.so they will have a clean figure. Company is in initial growing stage.profit growth will exceed industry average and above 20% growth(average).
Strong parent company backing.
More than 93% is owned by parent company and its directors.
Dividend yield may be very high due to the above fact. Mid term very good investment

soileconomy · 6 Re: AFSL Abans Finance Fri May 15, 2015 7:06 am

soileconomy

Senior Vice President - Equity Analytics

Posts : 1504
Equity Stars : 7542
Reputation : 45
Join date : 2011-02-20
Age : 46
Location : Nebraska

Results are yet to release.Waiting for results to see whether growth momentum is exceeding industry average.if it better as a good mid to long term investment.