L B FINANCE PLC (LFIN.N0000)

kassachandi · **251** Re: L B FINANCE PLC (LFIN.N0000) Sat Jul 11, 2015 3:54 pm

kassachandi

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With this green market it will hit 120 on Monday.then will gradually increase towards 130 with next week

SUSPENS · **252** Re: L B FINANCE PLC (LFIN.N0000) Sun Jul 12, 2015 12:53 pm

SUSPENS

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Same thing happen in 2013 march......So we can hope Splits Price 113..but very first day its move 15 rupees

[th]Daily Share Trading Statistics (Detailed)Market Statistics as of 12 Jul 2015, 01:00:25 PM [/th][th]Trade Date[/th][th]

[th]hIgh[/th]

[/th][th]low(Rs.)[/th][th]start (Rs.)[/th][th]Close(Rs.)[/th][th]Trade volume[/th][th]Share Volume[/th][th]Turnover(Rs.)[/th]07-03-2011150.00132.00135.50147.1060.0089,00013,073,730.00
LB FINANCE PLC
Date of Initial Announcement: - 11-Jan-2011
Proportion: - (01) One for (01) One existing Ordinary Share
Date XC: 07-Mar-2011
Allotment: 04-Mar-2011
Qty Offered: - 34,628,571
Consideration: Rs. 10 per share
The Capitalization of Reserves is subject to the CSE approving, in principle, the issue and listing of shares and obtaining Shareholder's approval at a General Meeting

kassachandi · **253** Re: L B FINANCE PLC (LFIN.N0000) Sun Jul 12, 2015 7:04 pm

kassachandi

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Only one day to go before trading commence.experts target prices please

hariesha · **254** Re: L B FINANCE PLC (LFIN.N0000) Sun Jul 12, 2015 10:23 pm

hariesha

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Within few weeks this will settle @ pre-announcement price.

kassachandi · **255** Re: L B FINANCE PLC (LFIN.N0000) Mon Jul 13, 2015 9:05 am

kassachandi

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This will surely hit 125 this week

Insight · **256** Re: L B FINANCE PLC (LFIN.N0000) Sat Jul 25, 2015 10:32 am

Insight

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Now what will be the target before Q-results???
Guys any news about Q-results???
I feel minimum 130/-

SUSPENS · **257** Re: L B FINANCE PLC (LFIN.N0000) Sat Jul 25, 2015 7:01 pm

SUSPENS

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This will be the best share i recom.Defa this will pass 150+ short term with their Q- results

kasper · **258** Re: L B FINANCE PLC (LFIN.N0000) Sat Jul 25, 2015 8:00 pm

kasper

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Fundamentals are very sound with NAV of 57.23 & EPS of 15.75. My gut feeling says it'll pass 140 easily soon irrespective of the current political instability.

Prince · **259** L B FINANCE PLC (LFIN.N0000) Mon Aug 03, 2015 9:44 am

Prince

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Has anybody done a revaluation for LFIN ?? Please share .

Prince · **260** Re: L B FINANCE PLC (LFIN.N0000) Mon Aug 03, 2015 3:04 pm

Prince

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Quarterly Financial Results :

Profit for the Quarter 31/03/2015 - Mn 629
Profit for the Quarter 30/06/2015 - Mn 776

Growth - 23 %

EPS for the Quarter - Rs 5.60

EPS annualised - Rs 22.40

That is better than COMB , DFCC , NTB . PABC , SEYB or UBC and almost equal to HNB ,NDB.

Beta1 · **261** Re: L B FINANCE PLC (LFIN.N0000) Mon Aug 03, 2015 3:19 pm

Beta1

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Prince wrote:Quarterly Financial Results :

Profit for the Quarter 31/03/2015 - Mn 629
Profit for the Quarter 30/06/2015 - Mn 776

Growth - 23 %

EPS for the Quarter - Rs 5.60

EPS annualised - Rs 22.40

That is better than COMB , DFCC , NTB . PABC , SEYB or UBC and almost equal to HNB ,NDB.

yes . one of the best share in CSE. long Term Target Rs. 300/=
short Term 150/

Prince · **262** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 04, 2015 9:35 am

Prince

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No Beta 1 , it cannot be 150/- ,

Here is the calculation of LFIN's fair value ,

	Q1	Q2	Q3	Q4	EPS annualised	PER	Fair Value
method 1	5.6	5.6	5.6	5.6	22.4	7.9	176.96
method 2	5.6	5.88	6.17	6.48	24.13	7.9	190.627

Method 1 - Constant EPS in all four quarters.

Method 2 - a (5%) Growth in EPS Q by Q

So the least Fair value is Rs 176/- which I recon as a " Under Valuation ".

So the short term is not Rs 150/- but Rs 175/-

Long term I agree with you.

EPS · **263** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 04, 2015 5:11 pm

EPS

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Prince wrote:No Beta 1 , it cannot be 150/- ,

Here is the calculation of LFIN's fair value ,

Q1
Q2
Q3
Q4
EPS annualised
PER
Fair Value
method 1
5.6 5.6 5.6 5.6 22.4 7.9 176.96
method 2
5.6 5.88 6.17 6.48 24.13 7.9 190.627
Method 1 - Constant EPS in all four quarters.

Method 2 - a (5%) Growth in EPS Q by Q

So the least Fair value is Rs 176/- which I recon as a " Under Valuation ".

So the short term is not Rs 150/- but Rs 175/-

Long term I agree with you.

Above is wrong.
Q1 eps CALCULATED with 66 Mn (before split) shares
Q2 EPS to be calculated with 132 Mn shares..

EPS · **264** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 04, 2015 5:14 pm

EPS

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LFIN by 31.03.2016 will trade at Rs.200/-

chamil1 · **265** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 04, 2015 5:44 pm

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EPS wrote:LFIN by 31.03.2016 will trade at Rs.200/-

You said PARQ will be 100-120

Can you tell by when pls

kumarweerarathne · **266** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 04, 2015 5:49 pm

kumarweerarathne

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@EPS q2 eps is readymade calculated using after split data 775(profit)/138mn

nis2010 · **267** Re: L B FINANCE PLC (LFIN.N0000) Wed Aug 05, 2015 11:05 am

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LFIN moving smoothly. day by day it's moving cheers

Prince · **268** Re: L B FINANCE PLC (LFIN.N0000) Wed Aug 05, 2015 11:38 am

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It was foreign buying yesterday if you checked with. More than 220,000/- shares.

EPS · **269** Re: L B FINANCE PLC (LFIN.N0000) Wed Aug 05, 2015 12:34 pm

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Expecting EPS for 2015/16 is 20 minimum. (after split share qty).
x 10 PER possible valuation is Rs.200/-

nis2010 · **270** Re: L B FINANCE PLC (LFIN.N0000) Fri Aug 07, 2015 11:26 am

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what's happening to LFIN

nis2010 · **271** Re: L B FINANCE PLC (LFIN.N0000) Mon Aug 10, 2015 11:21 am

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Lfin coming down slowly day by day. anyone knows the reason ?? scratch

Prince · **272** Re: L B FINANCE PLC (LFIN.N0000) Mon Aug 10, 2015 6:37 pm

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LFIn is in a accumilation stage. If I red the MACD & Bollinger Bands correctly another two days the same process will happen and then we'll see the next maturity phase of the LFIN which has two remarkable points at Rs 145 /- and Rs 160/- .

Aubrey Perera · **273** Re: L B FINANCE PLC (LFIN.N0000) Mon Aug 10, 2015 8:26 pm

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Correct even my target is 145 GL

nis2010 · **274** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 1:58 am

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Aubrey Perera wrote:Correct even my target is 145 GL

that mean after reach 145 it will pull back ?????

Teller · **275** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 5:30 am

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http://goldprice.org/spot-gold.html
world gold prices down by 16% so far with in a year , in that scenario the companies one of major advances possible be at a risk. Still need to study.

Prince · **276** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 8:45 am

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nis2010 wrote:

Aubrey Perera wrote:Correct even my target is 145 GL

that mean after reach 145 it will pull back ?????

Not that it will pull back from 145/= .

The phase which the counter will take to pass the Rs 145/= and 160/= will determine whether it will reach Rs 200/= this year or not.

Free-cash balance will certainly push the company's EPS to a better than COMB / HNB / SEYB figure in 2015-2016 FY.

Gold price drop will not make a hit on profitability as company just passed the 1st Quarter of the financial year and also the core business of the company is Leasing.

Predicted annualized EPS is 20/= ( minimum) , sector PE ratio is 10.5 .

Fair value = 20 X 10.5 = Rs 210/=

Also keep in mind that company might make a presence in "MYANMAR" in late 2016 FY for micro financing as many Banks & Finance from Sri Lanka just make an entrance.

nis2010 · **277** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 9:21 am

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Prince wrote:

nis2010 wrote:

Aubrey Perera wrote:Correct even my target is 145 GL

that mean after reach 145 it will pull back ?????

Not that it will pull back from 145/= .

The phase which the counter will take to pass the Rs 145/= and 160/= will determine whether it will reach Rs 200/= this year or not.

Free-cash balance will certainly push the company's EPS to a better than COMB / HNB / SEYB figure in 2015-2016 FY.

Gold price drop will not make a hit on profitability as company just passed the 1st Quarter of the financial year and also the core business of the company is Leasing.

Predicted annualized EPS is 20/= ( minimum) , sector PE ratio is 10.5 .

Fair value = 20 X 10.5 = Rs 210/=

Also keep in mind that company might make a presence in "MYANMAR" in late 2016 FY for micro financing as many Banks & Finance from Sri Lanka just make an entrance.

thank you prince for your explanation

Aubrey Perera · **278** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 11:41 am

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when it moves it moves. GL

nis2010 · **279** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 12:08 pm

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Aubrey Perera wrote:when it moves it moves. GL

ONTHEMONEY · **280** Re: L B FINANCE PLC (LFIN.N0000) Tue Aug 11, 2015 10:34 pm

ONTHEMONEY

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Hi Guys,

Please assess LFIN's potential;

SecurityID

Name

Type

Description

Proportion

Dividend
(Rs)

Quarter

Announced
date

Price prior to
Anno.dt

Current/EX
Price

Price
Change

EX Date

Payment
date

LFINN0000

LB Finance

D

Dividend

1.00

Interim

21-Mar-2006

83.00

85.00

2.00

30-Mar-2006

12-Apr

LFINN0000

LB Finance

B

Bonus

2 for 5

15-Aug-2006

79.75

52.25

-27.50

09-Oct-2006

LFINN0000

LB Finance

R

Rights

1 for 2 @17.00

19-Sep-2007

41.50

25.00

-16.50

28-Nov-2007

LFINN0000

LB Finance

D

Dividend

2.25

1st & Final

02-Jun-2008

22.75

19.25

-3.50

29-Jul-2008

04-Aug

LFINN0000

LB Finance

R

Rights

1 for 7 @17.00

02-Jun-2008

22.75

19.25

-3.50

29-Jul-2008

LFINN0000

LB Finance

D

Dividend

3.00

1st & Final

26-May-2009

22.50

36.00

13.50

01-Jul-2009

10-Jul

LFINN0000

LB Finance

D

Dividend

5.00

Interim

29-Apr-2010

94.25

88.00

-6.25

07-May-2010

18-May

LFINN0000

LB Finance

B

Bonus

1 for 1

12-Jan-2011

309.40

147.10

-162.30

07-Mar-2011

View

LFINN0000

LB Finance

D

Dividend

3.50

1st & Final

08-Jun-2011

185.00

175.80

-9.20

01-Jul-2011

07-Jul

LFINN0000

LB Finance

D

Dividend

5.00

1st & Final

08-Jun-2012

100.00

121.20

21.20

02-Jul-2012

09-Jul

LFINN0000

LB Finance

D

Dividend

6.50

1st & Final

03-Jun-2013

129.90

123.00

-6.90

01-Jul-2013

09-Jul

LFINN0000

LB Finance

D

Dividend

6.50

1st & Final

02-Jun-2014

116.00

123.80

7.80

01-Jul-2014

09-Jul

LFINN0000

LB Finance

D

Dividend

10.00

1st & Final

22-May-2015

202.00

224.60

22.60

02-Jul-2015

10-Jul

LFINN0000

LB Finance

S

Sub-Division

1 INTO 2

20-May-2015

185.90

226.60

40.70

09-Jul-2015

LFIN has gradually increased its Dividend payout ratio during the history and EPS is Rs 5.6 for 1Q 2015.(Annualized - Rs 22.4). Hence the PE is 6.0 times.

Therefore if we calculate the expected market value of LFIN @ following PE levels;

Market PE @ 8 = Rs 179.2
Market PE @10 = Rs 224.0
Sector PE @ 12.93 = Rs 289.63

Therefore in the worse case any investor would be in the safe side since it is trading at a PE of 6 times.

Further LFIN maintaining a diversified portfolio of business. It contains Leasing/hire purchase, Islamic Financing, Mortgage Loans, Factoring, Micro Finance, Pawning, Margin Trading, etc. Also recently company has introduced an innovative product to capture an untapped market of informal money lenders @ a lower rate. I guess this would bombard the market @ lower rate compared to informal lenders with aggressive marketing strategies of LFIN coupled with riders recoveries at business points. This is first time a bank or a finance company approached this market.

Company has made losses with Gold pawning business during 2012. However company now have diversified its portfolio to minimize the risk. Currently LFIN concentrates only 8%-10% on pawning business out of their total advances portfolio. Hence diminishing Gold rate in global market is less impact-full compared to 2012. Further global gold rates are at the rock /bottom since 1970.

Further LFIN main business is leasing. During 2014, the imports of electric hybrid vehicles to Sri Lanka accelerated by 175% in terms of volume and 223% in terms of value. Reduction of duties for hybrid electric vehicles during 2014 was the reason for this boom. Japan is the major import source ofhybrid electric motor cars to Sri Lanka accounting for more than 95% of the market followed by Germany.

Hybrid Vehicles imports during 2010-2014(Source - Chamber of Commerce)

Year	Volume(No)	Value(Rs/Mn)
2010	438.00	980.00
2011	5,927.00	14,440.00
2012	1,943.00	5,439.00
2013	9,707.00	20,430.00
2014	26,729.00	66,004.00

This indicates the potential of the business and the trends for demand for hybrid vehicles has continues in 2015 as well.

Therefore considering the above facts I would like to recommend LFIN as a highly undervalue counter with high potential. Many investment funds, corporate investors eye as a medium/Long term investment due to its earnings potential and Dividend Yield .

In my purview LFIN would be the next SDB....!

Happy Investments

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