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Sri Lanka Equity Forum » Stock Market Talk » AFSL can be a gem..

AFSL can be a gem..

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1 AFSL can be a gem.. on Fri Jul 15, 2016 1:28 am

Teller

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Moderator

Abans financial services is on correct track , so I'm sure this can be surpass 60++ easily and stablize the price around 70/- rupees.
Largest share holders are owning 98.25% of total issued shares which is one of the minimum public float companies in CSE. Abans PLC owns 89.26 as largest share holder but amazing thing is except largest 20 share holders ,rest are having 647,572 shares only. I'm sure even previous oversubscribed right issue also utilized majar 20 holders to increase their holdings.

20 major share holders as on 31st March 2016
Abans PLC 33,025,006 -89.26 %
Mr. P N Pestonjee 633,000 1.71 %
Mr. K Kunenthiran 419,671 1.13
Mr. P K Pestonjee 370,100 1.00
Mrs. H G S Chandrakanthi 370,000 1.00
Mrs. C V Sumanadasa 370,000 1.00
Mr. B Pestonjee 214,000 0.58
Mrs. S Dubash 133,334 0.36
Mr. R Pestonjee 133,237 0.36
A B Cold Storage (Private) Limited 100,000 0.27
Ab Securitas (Private) Limited 100,000 0.27
Cleantech (Pvt) Ltd 100,000 0.27
Tks Finance Ltd/ K Jayakody 94,512 0.26
Mrs. A Pestonjee 0.18 66,667
Mrs. H I Salgado 0.18 66,600
Tks Finance Ltd/S T Selvi 40,640 0.11
Mr. G C Goonetilleke 40,000 0.11
Tks Finance Ltd/L S Vithya 0.08 28,951
Mr. K Poologasundram 25,000 0.07
Mrs. W G S D Chandrathilaka 21,710 0.06

Loans and advances figure increased from 637 million to 1,188 million nearly double with in a year.
Lease rental receivable has increased 2,903 million to 3,596 million.
With this over subscribed debentures money will reduce the gearing ratio so I'm sure 10 plus EPs in coming Financial year.
Due to less liquidity and major collection from abans family may lift AFSL share price 65_70 /- range soon.
AFSL also minimum risk investment as current market down turn even this created good support at 42 levels.
http://www.cse.lk/cmt/upload_report_file/1069_1464604378891.pdf

2 Re: AFSL can be a gem.. on Fri Jul 15, 2016 8:54 am

EquityChamp

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Moderator
AFSL touched 67/- before the CGT saga came here. So if the ASPI back in business this should be back in its original place as well.

3 Re: AFSL can be a gem.. on Fri Jul 15, 2016 10:04 am

mahasona


Equity Analytic
Equity Analytic
It seems people have realized the value of AFSL long way to go

4 Re: AFSL can be a gem.. on Fri Jul 15, 2016 10:59 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
slow una

5 Re: AFSL can be a gem.. on Sat Jul 16, 2016 4:00 am

Teller

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Moderator
Next week can pass 57-60 levels as new support created 54.50 . in the evening very less shares were traded below 53 / . next week any time this can post a highest return . many more reasons are there with AFSL.

6 Re: AFSL can be a gem.. on Sat Jul 16, 2016 9:19 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Mekat alufab wage monday patan aran mondayma iwara weida??

7 Re: AFSL can be a gem.. on Sat Jul 16, 2016 9:22 pm

fireshelter

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very Happy Very Happy Very Happy Very Happy Ela Ela

8 Re: AFSL can be a gem.. on Sat Jul 16, 2016 10:04 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Ehema wenna honda na.api gannakan inna one

9 Re: AFSL can be a gem.. on Sat Jul 16, 2016 10:17 pm

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
try early

10 Re: AFSL can be a gem.. on Sat Jul 16, 2016 11:09 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Dnt hav money bro.need to sell an n buy

11 Re: AFSL can be a gem.. on Sat Jul 16, 2016 11:45 pm

Teller

avatar
Moderator
I can see a special characteristic with AFSl with highest PV Scatters towards to positive which is over 95% . so if its with a good market or good market attention on AFSL , we can see 10-13 rupees price appreciation some times with in a hour.
How ever fundamentally also we can say AFSL is a sound stock bacup with With ABANS .
Major owners collected this share several times in this year, so if another 8 lakh shares can push this AFSL price to 65 to 70 range.
AFSL has achieved 100% growth in terms of lending compare to last year.
So keeping some considerable amount is not bad at all in your portfoilos. If market down also AFSL has proved minimum selling pressure and maximum buying pressure vise versa.
Overall I can say this is a quick return stock.
In coming days I believe quick return from these stock also(based on current market price)
These are very soon targets , (there mabe another stocks but based on PV scatters ,charts & fundamentals)
ALUF -16%
HEXP-25%
JKH.W - 20%
ASCO-15%
AFSL-32%
In that scenario also AFSL can give a very very short term return like 32%.
Do your own analysis too.
GL

12 Re: AFSL can be a gem.. on Sun Jul 17, 2016 12:33 pm

eco


Senior Equity Analytic
Senior Equity Analytic
Most recently AFSL did a right issue and private placement. Those funds will be used for the business in coming quarters. 

Right issue proceeds: https://www.cse.lk/cmt/uploadAnnounceFiles/4281451361124_1069.pdf

Private placement proceeds: https://www.cse.lk/cmt/uploadAnnounceFiles/8801467001414_1069.pdf

More importantly very few shares in the hands of the public. therefore very easily price can go up.

13 Re: AFSL can be a gem.. on Sun Jul 17, 2016 9:20 pm

Teller

avatar
Moderator
This is a very good stock for those who afraid to risks and losses.
65-70 share price guaranteed with AFSL in a very short time.
GL

14 Re: AFSL can be a gem.. on Mon Jul 18, 2016 1:01 pm

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very Happy Very Happy

15 Re: AFSL can be a gem.. on Mon Jul 18, 2016 1:02 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
someone desperate to collect.But no selling.

16 Re: AFSL can be a gem.. on Mon Jul 18, 2016 1:39 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
adath wattaida?nathnam okkoma clear karaida?

17 Re: AFSL can be a gem.. on Mon Jul 18, 2016 1:40 pm

Teller

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Moderator
This time 62.50 is sure. Smile

18 Re: AFSL can be a gem.. on Mon Jul 18, 2016 1:58 pm

fireshelter

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very Happy Very Happy Very Happy

19 Re: AFSL can be a gem.. on Mon Jul 18, 2016 2:06 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@fireshelter wrote:Very Happy Very Happy Very Happy
moko hama welema hina wenne.2017 sinhala auruddata trainingda?hodama hinawa?

20 Re: AFSL can be a gem.. on Mon Jul 18, 2016 7:48 pm

Teller

avatar
Moderator
See the power even down market , even turnover was around 350 million. As I said 11% gain today. We can see AFSL 62.50 as easy target then 70++ obviously. No doubt at all.

21 Re: AFSL can be a gem.. on Mon Jul 18, 2016 8:17 pm

mahasona


Equity Analytic
Equity Analytic
Because the nature of illiquidity this can hit 52wks high very soon

22 Re: AFSL can be a gem.. on Mon Jul 18, 2016 8:45 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
out of total shares only few laks are out of top 20.today 90000+ traded that means 20% of the outside amount.but I feel some top 20 guys are there in this order book activity also

23 Re: AFSL can be a gem.. on Mon Jul 18, 2016 9:00 pm

Teller

avatar
Moderator
Yes, largest holders were buying continuously this year. As company is in a right track as well as billion loan sales coming quarter interest income will be doble , also have you noticed they have settled 100million bank liability in last quarter. This is also another good sign for low gearing ratio.
With this pressure 70+ is not a dream ...

24 Re: AFSL can be a gem.. on Mon Jul 18, 2016 9:03 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Mewa yannet apita invest karanna salli nati welawatamai.top 20 walin sell tiyanawa.itz a true story

25 Re: AFSL can be a gem.. on Mon Jul 18, 2016 9:04 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:Yes, largest holders were buying continuously this year. As company is in a right track as well as billion  loan sales coming quarter interest income will be doble , also have you noticed they have settled 100million bank liability in last quarter. This is also another good sign for low gearing ratio.
With this pressure 70+ is not a dream ...
hmm.financials are not far away.

26 Re: AFSL can be a gem.. on Mon Jul 18, 2016 9:13 pm

Teller

avatar
Moderator
Hai,Hiran.. TOP 20 walin sell or BUY? Smile))))))))

27 Re: AFSL can be a gem.. on Mon Jul 18, 2016 9:18 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Top 20 ganama danne na.selling tiyanawa.eka okata prashnayak wena ekak nam na.me level ekenma gattot benefit ekak unot tamai.

28 Re: AFSL can be a gem.. on Mon Jul 18, 2016 10:04 pm

Teller

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Moderator
There is no prove that they are selling. If main holders sell there will be an announcement. Instead of selling they have baught during the year.
This is not a good time to sell . it's a sure hit to 70++

29 Re: AFSL can be a gem.. on Tue Jul 19, 2016 1:45 pm

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very Happy Very Happy  Game on

30 Re: AFSL can be a gem.. on Tue Jul 19, 2016 5:28 pm

sheildskye

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Manager - Equity Analytics
Manager - Equity Analytics

NEXT DAY TO THIS POST AFSL = 62.50LKR

IF PM ANNOUNCES ATLEAST TWO POINTS OF ECONOMIC PLAN ATLEAST BY 12 NOON THE NEXT DAY.

31 GUYS, YOU UNDERSTAND on Tue Jul 19, 2016 5:35 pm

sheildskye

avatar
Manager - Equity Analytics
Manager - Equity Analytics
NOTHING HAPPENS BY MAGIC, FOREIGN BUYERS R CONFIDENT ABOUT SL. WE SHOULD BE PROUD Exclamation

32 Re: AFSL can be a gem.. on Tue Jul 19, 2016 7:08 pm

Teller

avatar
Moderator
Yes , during last week ,foreign participation was in a considerable high even net foreign inflow also experienced.
This can continue in coming days as our shares are more attractive with further developments.
I believe ASI to surpass 7000 level before end of this year.
GL

33 Re: AFSL can be a gem.. on Tue Jul 19, 2016 9:54 pm

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
No more shares Passing Rs.60/- easy now

34 Re: AFSL can be a gem.. on Tue Jul 19, 2016 9:57 pm

fireshelter

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Teller we need to find another Good share Below Rs.4/-  to earn at least 100% Mid term

35 Re: AFSL can be a gem.. on Tue Jul 19, 2016 11:48 pm

Teller

avatar
Moderator
Yes in penny stocks ,GLAs also in correct track . medium to long time GLAS can give us a good return. GLAS 37 cents dividend is guaranteed which is covering annual bank interest rates. But GLAs can take little time to perform
PAP also little attractive but want to little correction to enter.

36 Re: AFSL can be a gem.. on Tue Jul 19, 2016 11:57 pm

Teller

avatar
Moderator
Yes AFSL 12 to 15% gain is guaranteed. It will touch 62.50 easily as positive SCatters .
Only few shares have high PV scatters especially AFSL and HEXP even ALUF has much bullish trends.

How ever AFSL will reach 70/- levels with out having any pressure.

37 Re: AFSL can be a gem.. on Wed Jul 20, 2016 7:11 am

eco


Senior Equity Analytic
Senior Equity Analytic
If ABANS Electronic runs bit AFSL will fly.............. Smile Smile

38 Re: AFSL can be a gem.. on Wed Jul 20, 2016 5:06 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Teller wt z happend to this??i think lot f selling thr.as i expect

39 Re: AFSL can be a gem.. on Wed Jul 20, 2016 5:12 pm

Teller

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Moderator
No worries, this is a sure stock. It created another chance to grab at 55 levels. Next levels should be updated soon. Journey with collection is more steady.

40 Re: AFSL can be a gem.. on Wed Jul 20, 2016 10:02 pm

sheildskye

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Manager - Equity Analytics
Manager - Equity Analytics
People, we are rhetorically in the rise and effectively in a boom only God can stopus now Exclamation Exclamation Exclamation Exclamation Exclamation Exclamation

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