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Sri Lanka Equity Forum » Stock Market Talk » CFVF - what about earnings?

CFVF - what about earnings?

Go down  Message [Page 1 of 1]

1CFVF - what about earnings? Empty CFVF - what about earnings? on Mon Feb 07, 2011 8:53 pm

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CFVF quarter earnings has dropped.

3 months earnings in 2009 was 7.82
3 months earnings in 2010 is 2.06

Do you think it is good to buy? How will the price be tomorrow?

2CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Mon Feb 07, 2011 8:57 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@dineshfernando wrote:CFVF quarter earnings has dropped.

3 months earnings in 2009 was 7.82
3 months earnings in 2010 is 2.06

Do you think it is good to buy? How will the price be tomorrow?


I think this is because of the split! It was a 1 to 3 split in March 2010! So the eps should have been diluted! Rolling Eyes

3CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Mon Feb 07, 2011 9:03 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
thier earnings are pretty shitty.

all their money came from disposing kothmale holdings. the company only made 66 million after tax n all net profit should be around 18 million. eps of about .18.


but the thing with CFVF is that while they don't have consistent income but they will show large operating profits in one of their reports and the annualized income will look nice.

4CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Mon Feb 07, 2011 9:18 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:thier earnings are pretty shitty.

all their money came from disposing kothmale holdings. the company only made 66 million after tax n all net profit should be around 18 million. eps of about .18.


but the thing with CFVF is that while they don't have consistent income but they will show large operating profits in one of their reports and the annualized income will look nice.

They did the same last time also yeah?

5CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Mon Feb 07, 2011 9:25 pm

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
Based on the last qtr results, what should be the price adjustment? Since their 9 month EPS is 9.4, is there any chance its passing at least 50? any ideas pls.

6CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Mon Feb 07, 2011 9:32 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@dhamm wrote:Based on the last qtr results, what should be the price adjustment? Since their 9 month EPS is 9.4, is there any chance its passing at least 50? any ideas pls.

50? affraid I don't think so! Evil or Very Mad But let's wait and see! Twisted Evil

7CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Mon Feb 07, 2011 9:34 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
if u ask me this will come down tomorrow

8CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Tue Feb 08, 2011 8:45 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Today I sold off all my shares of CFVF.
AS Mono said, will take a dip tomorrow onwards.

There is some thing very fishy in this. I see a calm before the storm.

9CFVF - what about earnings? Empty CFVF-What about earnings? on Tue Feb 08, 2011 9:17 pm

achala75


Senior Equity Analytic
Senior Equity Analytic
@dineshfernando wrote:CFVF quarter earnings has dropped.

3 months earnings in 2009 was 7.82
3 months earnings in 2010 is 2.06

Do you think it is good to buy? How will the price be tomorrow?


There was a share split ( 1 in to 3 )during this financial year.Therefore number of shares have been increased by 3 times. If not 2010 EPS would be 6.18. I guess CFVF price would further increase.


10CFVF - what about earnings? Empty Re: CFVF - what about earnings? on Tue Feb 08, 2011 10:39 pm

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics


9 month ended 31st december profit 2009- 619,457,000
9 month ended 31st december profit 2010- 908,961,000

So its profit increased by 46.73%
9 month EPS -9.42
So at least it ll bring annualized EPS- 11
Current MKT price around 27
So forward PE - 2.4
Sector PE > 20
Therefor it is undervalue share in the current MKT.

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