(SCAP) . SCAP is the mother company of AAIC ,Softlogic Finance,Softlogic Stock brokers.
63.33% of Softlogic Finance PLC, 59.19% of Asian Alliance Insurance PLC & 100% Softlogic Stockbrokers (Pvt) Ltd as on 31.03.2015 . The group has performed very well in last 2 financial years.
Total Revenue 2014/2015 :9,954 Mn , 2013/2014 :8,316Mn , 2012/2013 5,825Mn
Operating Profit 2014/15 5,270Mn , 2013/14 3,920Mn 2012/13 2,555Mn
Profit Before Taxation 2014/15 842Mn , 2013/14 373Mn 2012/13 (289)Mn
Profit After Taxation 2014/15 782Mn , 2013/14 309Mn 2012/13 (317)Mn
Total Assets 2014/15 :32,851Mn 2013/2014 :29,555Mn 2012/13 23,787Mn
Total Net Assets 2014/15 3,500Mn , 2013/14 1,863Mn , 2012/13 1,818Mn
Earnings Per Share (Rs.) 2014/15 0.72 , 2013/14 :0.20 2012/13 (1.38)
Net Assets Per Share (Rs.) 2014/15 5.09, 2013/14 6.23 , 2012/2013 6.07
Based on 2014/15 results the share has a fair value of EPS 0.72 x 15 = 10.80 , and based on forcasted earnings the share price can jump to 12.50 in 2015/16 Fy . by considering the capital appreciation of AAIC , as well as the billions value share portfolio and the pattern of the share tradings with last 15 months ,comparison figures with competitiors, The resistant levels,support levels ware created a PV graph shows share price should be adjusted to Rs. 10.20,
The factor of AAIC price appreciation will drive SCAP to get unrealized gain of Rs.2038 Mn with in a very short period(4727Mn- 2,689Mn), also they have got unrealized gain from securities investment too (more than 25 companies shares holding) , especially they are holding 3.4Mn Alumax , 8.6Mn NDB shares too.
In currently SCAP major share holders are : Softlogic Holdings PLC -73.11% , ARC capital -10.22% , Melstacorp Limited - 5.81% ,Rosewood (Private) Limited-5.41%,W.D.N.H. Perera-1.49% , and other major 20 holders hold upto 98% and only 2% public holding which is very few Approximately 12.5 Mn only .
After considering all the factors ( even right issue in 2014 ,Rs. 3.40 per share into 388,960,000 shares) PV graphs sets the SCAP very recent value RS.10.20, i believe during the AAIC arrival after split SCAp will start its uptrend. It will break.its short term barrier of 7.80 sooner than later. (at the the moment trading @ 7.40)
Last edited by Teller on Wed Jul 22, 2015 7:57 pm; edited 3 times in total (Reason for editing : typing error)