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COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)

+102
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EPS
106 posters

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EPS

EPS
Expert
Expert

As expected massive One Billion Profits for 06 months ended 2014/15.

Key Highlights :
1. One Billion Profits for 06 months ended 30.09.2014 for F/Y-2014/15. Possible to reach Two Billion Profits for this Financial Year. What a Performance.

2. Continous Quarter on Quarter Growth.
    - 03 month ended 30.09.2014 - Profit = 494 Mn
    - 03 month ended 30.06.2014 - Profit = 491 Mn
    - 03 month ended 31.03.2014 - Profit = 431 Mn
    - 03 month ended 31.12.2013 - Profit = 230 Mn
    - 03 month ended 30.09.2013 - Profit = 173 Mn
    - 03 month ended 30.06.2013 - Profit = 172 Mn

Also, 12 month ended 31.03.2014 Profit for 2013/14 is 1 Bn. Now for 2014/15 achived 1 Billion with in o6 months period. another 06 months to be continu for 2014/15.

3. Massive Cash in Hand 1.3 Billion.

4. Total Assets hit at 41 Billion. Massive Growth.

5. Customer Deposits Improved by 10 Billion with in 06 months as at 30.09.2014.

6. Net Asset Value Per share Improved to Rs.14.69. (25% up from 31.03.2014).

7. Interest Income reach 5 Billion mark.

8. Net interest income improved by 90%, when compare to last year first six months.

9. Profit before Tax for six months 1.22 Billion, compaire to last year 431 Mn.

10. Net Profit 985 Mn. Last Year 345 Mn.

11. Six months EPS 3.44. Last Year EPS 1.45.

12. Cash generated from Operations 3.6 Billion.

13. Cash and Cash equivalents at the end of the 30.09.2014 is 2.4 Billion.

14. Massive improvement in Finance Lease Sector and Micro Finance & SME Loans Sector.

15. Company has acquired 55,037,157 Ordinary Voting Shares (Representing 96.89%) of Trade Finance and Investment PLC on 04th August 2014 at a price of Rs. 28.00 per share. (TIFL Profits will consolidate in future).

16. Annualize EPS for 2014/15 is 7.00.
    (Trailing EPS last 4 quarters 5 & Trailing PER 9).
    ( Sector PER PLC ARROUNF 9.4 range)
    EPS 7 X PER 9 = worth Rs.60 Plus.



Last edited by CHRONICLE™ on Sat Jun 05, 2021 12:52 pm; edited 2 times in total (Reason for editing : CORRECTION)

RPPA


Expert
Expert

Your effort has value. As at least one will look at this & can earn some money.

KEEP IT UP, Very Happy

stoka


Senior Equity Analytic
Senior Equity Analytic

Also note:
PBV 3.2
Has appreciated nearly 150% since early June 2014

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thanks EPS.

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Nice work EPS...!! keep it up

Bolinger

Bolinger
Manager - Equity Analytics
Manager - Equity Analytics

Thks EPS.

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

COCR

EPS 7 X PER 9 = Rs.60 .00
NAV 14 x 1.8  = Rs  26.50

60.00 + 26.50 = 86.50 / 2 = Rs 43.00 to 45.00 range

______________________________________________

but VFIN

EPS 8.50 X PER 9 = Rs.77 .00(around)
NAV 32 x 1.8  = Rs  60.00

77.00 + 60.00 = 137.00 / 2 = Rs 68.00
Price range is Rs 68.00 to 75.00 range

EPS

EPS
Expert
Expert

With the consolidation of TFIL accounts, future COCR value will be more higher.
See TFIL 30.09.2014 accounts. Morethan 120 Mn is their.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Harry82 wrote:COCR

EPS 7 X PER 9 = Rs.60 .00
NAV 14 x 1.8  = Rs  26.50

60.00 + 26.50 = 86.50 / 2 = Rs 43.00 to 45.00 range

______________________________________________

but VFIN

EPS 8.50 X PER 9 = Rs.77 .00(around)
NAV 32 x 1.8  = Rs  60.00

77.00 + 60.00 = 137.00 / 2 = Rs 68.00
Price range is Rs 68.00 to 75.00 range

Nice comparison COCR vs VFIN . VFIN must be around 68. Thanks Harry

The Banda


Stock Analytic
Stock Analytic

First capital and dunamis will have a run due to cocr performance.

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics

more results to come on B&F Smile

EPS

EPS
Expert
Expert

Important - Impairment Charges of loans and advances, Lease and financial assets for 06 months 789 Mn. For the Quarter 533 Mn. If Ignore or Riverse this what will be the Profits.
No doubt, Future winner COCR.

piras

piras
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

No doubt. COCR is a good share in CSE.

EPS

EPS
Expert
Expert

Check COCR last 9 months Profits.
In each month they reported Rs.157 Million Profit (Average).
Can you name any other share in CSE.

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yep surely COCR will start at least above Rs.47.50 today opening... Very Happy Very Happy Very Happy

chathu55


Equity Analytic
Equity Analytic

what is the target price ?

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics

chathu55 wrote:what is the target price ?

this is the question I hate most....brother setup your own target

EPS

EPS
Expert
Expert

Easily COCR will break Rs.55/- soon.
But, COCR further growth expected company & Future winning stock.
See, today release the strong LB Finance results.
They also report only 1 Billion for 06 months. LFIN assets is about 60 Bn.
COCR already given 1 Bn for 6 months with 41 Bn Assets. Don't remember their Imparement loss 750 Mn also included.

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Looking at latest, i dont see a reason to more than the CMP of 47/-

Unless the future earning potentials.

For me COCR is not trading at a discount.

Sorry Guys.

But VFIN looks more attractive on the results just published Very Happy

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

LFIN EPS for the quarter ended 30/09/2014 is Rs. 8.01.

Profit increased by 137% despite impairment losses of Rs. 458 million.

Annualized EPS will be Rs. 30.

LFIN is trading at a PE of 5.5 times (165/30).

Massively undervalued...............




Kinm hunter

Kinm hunter
Manager - Equity Analytics
Manager - Equity Analytics

SHARK aka TAH wrote:Looking at latest, i dont see a reason to more than the CMP of 47/-

Unless the future earning potentials.

For me COCR is not trading at a discount.

Sorry Guys.

But VFIN looks more attractive on the results just published Very Happy


If you are a good analyser pls look at two cashflows and comment.

Cash genaration and availability of cash give good indication about growth.

Just stated Very Happy Very Happy

buddhika.naween

buddhika.naween
Senior Equity Analytic
Senior Equity Analytic

RAAP ..I m hopping to buy COCR.
Is it worth on this price?
can you guess how much will be it within short term?
pls comment on this

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Since the election is just around the corner.
Don't you guys think the market will be dull and further we will be able to buy shares at a good discount rate in Dec-Jan

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Correct Christmas New Year Elections ..... sure there will be a correction on the cards.

Investors will not want to Hold New Positions .....

So i expect a correction in coming periods...

So dont go into New Positions.

Have CASH ready to BUY on correction Very Happy

RPPA


Expert
Expert

SHARK aka TAH wrote:Correct Christmas New Year Elections ..... sure there will be a correction on the cards.

Investors will not want to Hold New Positions .....

So i expect a correction in coming periods...

So dont go into New Positions.

Have CASH ready to BUY on correction Very Happy

Bang. That is correct.

Now it is time clear the trading positions. Thankfully JKH stagnant.

Therefor not much impact on the index.

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