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Sri Lanka Equity Forum » Stock Market Talk » Commercial Credit & Finance PLC

Commercial Credit & Finance PLC

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1 Commercial Credit & Finance PLC on Tue Aug 30, 2016 6:46 pm

TIRAN712

avatar
Manager - Equity Analytics
Manager - Equity Analytics
First topic message reminder :

FORM TOMORROW WITHIN 3 DAYS I,L BUY 100000 SHARES ,,MY TARGET PRICE WELL ABOVE 70 COCR N  GOLD MINE Arrow Arrow Arrow Arrow Arrow Arrow Arrow Arrow Arrow


81 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:12 am

kapifm


Manager - Equity Analytics
Manager - Equity Analytics
Ruwan.... you are wrong...  i am not promoting any of the stock here in the forum... i just share my thoughts dear...machannnn Very Happy

82 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:15 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:I thing 20% Range


your correct. Upper limit is 20%

https://www.cse.lk/pdf/sec_directives/28-05-2012-SEC.pdf

83 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:23 am

troy


Moderator
So for that transaction to happen at 111, it should trade around 90 level. Cool. That answers the price drop.
Intentionally droping the price to collect more by creating panic, since reaching 90* is the ultimate target. Good collection going on.

84 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:27 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@troy wrote:So for that transaction to happen at 111, it should trade around 90 level. Cool. That answers the price drop.
Intentionally droping the price to collect more by creating panic, since reaching 90* is the ultimate target. Good collection going on.


if big group is value 110, then share price should be close this level with time. bcz new investor has a role to expand the business. will see...

85 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:32 am

ruwan326


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kapifm wrote:Ruwan.... you are wrong...  i am not promoting any of the stock here in the forum... i just share my thoughts dear...machannnn Very Happy
Kapifm, That was not for you Very Happy Very Happy Very Happy Very Happy

Only for blood suckers........

86 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:36 am

kapifm

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Dear Ruwan  ...thanks   no  Hard feeling  Machaannn... Very Happy Very Happy

87 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:37 am

Maxime


Senior Equity Analytic
Senior Equity Analytic
Gainer  king

88 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:44 am

troy

avatar
Moderator
Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!

89 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:48 am

Novice Learner


Equity Analytic
Equity Analytic
@troy wrote:So for that transaction to happen at 111, it should trade around 90 level. Cool. That answers the price drop.
Intentionally droping the price to collect more by creating panic, since reaching 90* is the ultimate target. Good collection going on.
Hi Troy, 

Is it safe to buy around 67/66 or price will go down further? what's your opinion 

Thank you

90 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:50 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!
Troy...... calm down Very Happy Very Happy Very Happy Very Happy

COCR will soon reach 90/= cheers cheers cheers cheers

91 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 1:02 pm

Football Star


Stock Analytic
Stock Analytic
Again NO price band upper limit for crossings guys. This was removed by another directive. 

http://www.cse.lk/pdf/sec_directives/09-10-2012-SEC1.pdf

92 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 2:38 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Group Lease Holding announcement at (SET) Stock Exchange of Thailand 

http://www.set.or.th/set/companynews.do?symbol=GL&ssoPageId=8&language=en&country=US

Definitively COCR price should trade over 100. Big Company investing and they will bring more money and reputation. using this COCR can expand the business rapidly.

thats why main share holder selling only around 6%. after this deal Massive growing there thats why main holder keep stocks and control.

93 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 3:35 pm

newone


Senior Equity Analytic
Senior Equity Analytic
Don't worry about today down but tomorrow up
It is good signal for future Basketball
i colect today allso
good luck

94 THINK WISELY on Wed Oct 05, 2016 3:46 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@newone wrote:Don't worry about today down but tomorrow up
It is good signal for future Basketball
i colect today allso
good luck

Guys have you read this??????????? bounce bounce bounce bounce

http://gl.listedcompany.com/news.html/id/547627/group/newsroom_press

95 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 4:00 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@newone wrote:Don't worry about today down but tomorrow up
It is good signal for future Basketball
i colect today allso
good luck

Guys have you read this??????????? bounce bounce bounce bounce

http://gl.listedcompany.com/news.html/id/547627/group/newsroom_press


so what?

96 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 4:08 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!
Troy...... calm down Very Happy Very Happy Very Happy Very Happy

COCR will soon reach 90/= cheers cheers cheers cheers


stocks tika wikunala wage dan. e hinda podi podi dewal kiyanawa

am i correct?

97 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 4:22 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:
@ruwan326 wrote:
@troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!
Troy...... calm down Very Happy Very Happy Very Happy Very Happy

COCR will soon reach 90/= cheers cheers cheers cheers


stocks tika wikunala wage dan. e hinda podi podi dewal kiyanawa

am i correct?
Nope, I did not sell yet. Waiting to reach 80/=+
There are many factors you need to look in when you are investing in a share.........

Latest one.......... CIFL.....

98 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 4:28 pm

kapifm

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Ruwan machaan.....  why CIFL   again    i have made a good profit with  CIFL    almost 65%.....and exit....   i haven't touch CIFL again     i was confused   with  German deal    also my adviser advised me to stay away from CIFL......   any good  reason????? Very Happy

99 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 4:30 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@stockback wrote:
@ruwan326 wrote:
@troy wrote:Dear Ruwan... i feel hard machan..... aiyo gon part denna epa. This is for adults, investors or traders... not for pinkypinky shit.. kapifm!
Troy...... calm down Very Happy Very Happy Very Happy Very Happy

COCR will soon reach 90/= cheers cheers cheers cheers


stocks tika wikunala wage dan. e hinda podi podi dewal kiyanawa

am i correct?
Nope, I did not sell yet. Waiting to reach 80/=+
There are many factors you need to look in when you are investing in a share.........

Latest one.......... CIFL.....


CIFL IS RUBBISH ONE. 

IN THE PAST ALSO COCR TRADED OVER 5 TIMES NAVP

I think COCR looking to  expand the business insurance and Leasing sector and etc....

100 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 5:21 pm

Maxime


Senior Equity Analytic
Senior Equity Analytic
October 3, 2016: Group Lease Plc’s board of directors gave the green light to its subsidiary Group Lease Holding to acquire the stakes in Sri Lanka’s listed Commercial Credit and Finance Plc (CCF) and Myanmar-based BG Microfinance Myanmar (BGMM) for around 2.79 billion baht ($80.67 million). The first deal will be the acquisition of 29.99 per cent interest in CCF from BG Investments (PVT) Ltd., Creation Investments Sri Lanka LLC (Creation SL) and Mr. Stephen L Lafrance Jr for 10.59 billioon Sri Lankan rupee (about $72 million). For the other deal, it will acquire the 100 per cent st

Read more at: http://www.dealstreetasia.com/stories/thai-listed-group-lease-acquire-stakes-microfinance-firms-sri-lanka-myanmar-80-67m-54554/
October 3, 2016: Group Lease Plc’s board of directors gave the green light to its subsidiary Group Lease Holding to acquire the stakes in Sri Lanka’s listed Commercial Credit and Finance Plc (CCF) and Myanmar-based BG Microfinance Myanmar (BGMM) for around 2.79 billion baht ($80.67 million). The first deal will be the acquisition of 29.99 per cent interest in CCF from BG Investments (PVT) Ltd., Creation Investments Sri Lanka LLC (Creation SL) and Mr. Stephen L Lafrance Jr for 10.59 billioon Sri Lankan rupee (about $72 million). For the other deal, it will acquire the 100 per cent st

Read more at: http://www.dealstreetasia.com/stories/thai-listed-group-lease-acquire-stakes-microfinance-firms-sri-lanka-myanmar-80-67m-54554/

101 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 5:53 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kapifm wrote:Ruwan machaan.....  why CIFL   again    i have made a good profit with  CIFL    almost 65%.....and exit....   i haven't touch CIFL again     i was confused   with  German deal    also my adviser advised me to stay away from CIFL......   any good  reason????? Very Happy
The thing is we all want to invest......... Not just buy one time sell it and exit......... I really like to see that all the members here act civilized and give the right information at the right time. So all the members in the forum can benefit....... That's all..........

CIFL.......... well I am not gonna say anything........... lats see in the future Very Happy Very Happy Very Happy Very Happy Very Happy

102 MY APOLOGY on Wed Oct 05, 2016 6:03 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?


COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus 

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks Very Happy

103 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 8:16 pm

Gainer

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ruwan326 wrote:
@Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?


COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus 

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks Very Happy

Today latter information about COCR it will going to takeover and Mandatory Offer at 111.00  it will move up 100.00+  cheers

104 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 10:18 pm

EquityChamp

avatar
Moderator
Today was clearly a profit taking day however still the share was not down considerably than yesterday's close. I think the stock is establishing a good support level around 70/-

Also interesting to note the GL's profit forecast of COCR which is Rs3.2bn for this year.

105 Re: Commercial Credit & Finance PLC on Wed Oct 05, 2016 11:43 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ruwan326 wrote:
CIFL.......... well I am not gonna say anything........... lats see in the future Very Happy Very Happy Very Happy Very Happy Very Happy


I think you know that a former Director of CIFL is the owner of COCR ?

Young gentlemen  Roshan Egodage was working in Kothalawala empire  (Ceylinco Group) before the debacle of the empire . Later he was seen  working together with Deepthi Perera  as Directors of CIFL in n around 2006 before and during the debacle of CIFL.

I do not know what happened to Deepthi. Sometimes ago he disclosed that he didn't fled the Country but staying in Thailand with his Thai wife and child .


Egodage acquired COCR and issued shares to public at the most lucrative point of time , 2011.

----

I feel we must think twice about a mandatory offer news over 100/- .   50:50 gain or loss.  Good luck.



මේ රටේ සිද්ද වෙන සමහර  අමුතු දේවල් ගැන අවබෝධයක් ලබන්න අවශ්‍ය  අය  පහත ලින්ක් දෙක කියවන්න​.  
( අද්‍යාපනික අවශ්‍යතා සඳහා පමණක්  දක්වමි.  COCR හා සම්බන්ධ නැත​.   )


(1 )   http://www.sundayobserver.lk/2008/05/11/fin07.asp

(2) http://www.gossiplankanews.com/2015/08/cifl-deepthi-pereras-profile-revealed.html

106 Re: Commercial Credit & Finance PLC on Thu Oct 06, 2016 12:04 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
which is i can see. his timing is very good. looks like DP

I am sure he will sale COCR stocks around 140-150 future to this GL. after that he will buy few business related to CSE

ehema baluwoth DP kiyanne kauda. Minissunge welawal thiyenawa. naraka welawata molgasuth paththu wenawa
honda welwata walleth bambare karakawenawa

107 Re: Commercial Credit & Finance PLC on Thu Oct 06, 2016 5:35 am

EquityChamp

avatar
Moderator
Now the environment is such that we have a super opportunity to trade on this stock. We can establish the ceiling for price at 110/- and the floor as 68/- or so. So in between this range there will be lot of trading opportunities with ups and downs. Just watch carefully for a price weakness. I think its very safe if any one buy below 68/- and can sell with 10%-20% gain for several times before the share prices ultimately reaches 110/-.

108 Re: Commercial Credit & Finance PLC on Thu Oct 06, 2016 8:02 am

EquityChamp

avatar
Moderator
For the benefit of all the investors I am publishing a brief financial forecast on Commercial Credit. This is based on last two years financials and Q1 16/17 reported numbers.
Rs Mn2014/15 FY2015/16 FYQ1 16/172016/17 FY (E)
Net II         7,255        10,225       3,003              12,270
Other operating income         1,030          1,346          219                1,615
Total operating income         8,285        11,571       3,222              13,885
Impairment & other charges         1,426          2,936          663                2,652
Net operating income         6,859          8,635       2,559              11,233
Total operating expenses         3,851          5,124       1,488                6,303
Profit before VAT         3,008          3,511       1,071                4,931
VAT on financial services            372             491          158                   690
PBT         2,636          3,020          913                4,240
Tax            442             691          241                1,103
PAT         2,194          2,329          672                3,138
EPS             7.5              7.3           2.1                    9.9
Price           50.4            42.5                   68.1
PE ratio             6.8              5.8                     6.9
Fuure valuation                    91.8

As per the above summary, COCR is estimated to report a PAT of Rs3.1 Bn for FY 2016/17 which is an increase of 35% YoY. Only the main issue I can see is a higher value of impairment and security losses that was doubled in 2015/16. Yet I am optimistic that the number will be slightly less this time but depends on the quality of the loan book. Other than that the rest of the numbers seems encouraging for a mid term investor.

Based on the forecasted earning COCR is trading at a forward PE multiple of 6.9x yet to a discount compared to sector PE. If we value the company using historical, sector and market PEs then the applicable price range based on 2016/17 projected earnings to be 62.2-133.2. The average comes to 91.8/-.

Also note that GL has expressed their confidence of COCR making a PAT of Rs3.2 Bn for this year and my forecast comes very close o that.

In conclusion, though the NAV 2/3 below the current price, the current COCR price of 68/- seems to be carrying a good intrinsic value for mid term investor who can hold for couple of months. So my recommendation is that prudent investors should try to buy this stock around current price levels or below should the stock falls further today and tomorrow.

Good luck

109 Re: Commercial Credit & Finance PLC on Thu Oct 06, 2016 9:36 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:
@ruwan326 wrote:
@Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?


COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus 

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks :D

Today latter information about COCR it will going to takeover and Mandatory Offer at 111.00  it will move up 100.00+  :cheers:
I will think twice of buying COCR now!

110 Re: Commercial Credit & Finance PLC on Thu Oct 06, 2016 9:45 am

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
At samarithan kohomada gainerge wade.dan kiyanawa mandatary offer ekak tiyanawalu.collect kara ganna Dunna gemak wage

111 Re: Commercial Credit & Finance PLC on Thu Oct 06, 2016 1:46 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Is the COCR off grid now & move into a seclusion.?

112 Re: Commercial Credit & Finance PLC on Sun Oct 09, 2016 2:59 pm

Gainer

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Chinwi wrote:
@ruwan326 wrote:
CIFL.......... well I am not gonna say anything........... lats see in the future Very Happy Very Happy Very Happy Very Happy Very Happy


I think you know that a former Director of CIFL is the owner of COCR ?

Young gentlemen  Roshan Egodage was working in Kothalawala empire  (Ceylinco Group) before the debacle of the empire . Later he was seen  working together with Deepthi Perera  as Directors of CIFL in n around 2006 before and during the debacle of CIFL.

I do not know what happened to Deepthi. Sometimes ago he disclosed that he didn't fled the Country but staying in Thailand with his Thai wife and child .


Egodage acquired COCR and issued shares to public at the most lucrative point of time , 2011.

----

I feel we must think twice about a mandatory offer news over 100/- .   50:50 gain or loss.  Good luck.



මේ රටේ සිද්ද වෙන සමහර  අමුතු දේවල් ගැන අවබෝධයක් ලබන්න අවශ්‍ය  අය  පහත ලින්ක් දෙක කියවන්න​.  
( අද්‍යාපනික අවශ්‍යතා සඳහා පමණක්  දක්වමි.  COCR හා සම්බන්ධ නැත​.   )


(1 )   http://www.sundayobserver.lk/2008/05/11/fin07.asp

(2) http://www.gossiplankanews.com/2015/08/cifl-deepthi-pereras-profile-revealed.html
While Interpol too had issued a Red Notice for Deepthi Perere’s arrest, he had been in Thailand after leaving Sri Lanka.
http://bizenglish.adaderana.lk/former-chairman-of-bankrupt-cifl-arrested/

113 BETTER TO LEAVE FINANCE SECTOR FOR AWILE on Sun Oct 09, 2016 6:46 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:
@Chinwi wrote:
@ruwan326 wrote:
CIFL.......... well I am not gonna say anything........... lats see in the future Very Happy Very Happy Very Happy Very Happy Very Happy


I think you know that a former Director of CIFL is the owner of COCR ?

Young gentlemen  Roshan Egodage was working in Kothalawala empire  (Ceylinco Group) before the debacle of the empire . Later he was seen  working together with Deepthi Perera  as Directors of CIFL in n around 2006 before and during the debacle of CIFL.

I do not know what happened to Deepthi. Sometimes ago he disclosed that he didn't fled the Country but staying in Thailand with his Thai wife and child .


Egodage acquired COCR and issued shares to public at the most lucrative point of time , 2011.

----

I feel we must think twice about a mandatory offer news over 100/- .   50:50 gain or loss.  Good luck.



මේ රටේ සිද්ද වෙන සමහර  අමුතු දේවල් ගැන අවබෝධයක් ලබන්න අවශ්‍ය  අය  පහත ලින්ක් දෙක කියවන්න​.  
( අද්‍යාපනික අවශ්‍යතා සඳහා පමණක්  දක්වමි.  COCR හා සම්බන්ධ නැත​.   )


(1 )   http://www.sundayobserver.lk/2008/05/11/fin07.asp

(2) http://www.gossiplankanews.com/2015/08/cifl-deepthi-pereras-profile-revealed.html
While Interpol too had issued a Red Notice for Deepthi Perere’s arrest, he had been in Thailand after leaving Sri Lanka.
http://bizenglish.adaderana.lk/former-chairman-of-bankrupt-cifl-arrested/
I think this is a very good time to leave from finance sector for awhile and focus on other categories.........

My advice is better to wait till the COCR cool down Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

114 Re: Commercial Credit & Finance PLC on Sun Oct 09, 2016 7:08 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
@Gainer wrote:
@ruwan326 wrote:
@Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?


COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus 

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks Very Happy

Today latter information about COCR it will going to takeover and Mandatory Offer at 111.00  it will move up 100.00+  cheers

Gainer you are very good in making decisions.. Here you said COCR will move up 100.00 plus and the other topic said it will go down.

How can we believe you?

115 Re: Commercial Credit & Finance PLC on Sun Oct 09, 2016 7:21 pm

Gainer

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cse.newbie wrote:
@Gainer wrote:
@ruwan326 wrote:
@Gainer wrote:COCR High Risk Because of No Takeover No Mandatory Offer

Who Know About this Deal ? Why they are Purchase at High Price ?


COCR Few days before traded at 40.00 Levels

COCR Net Asset Value Per Share 27.00 only

High Risk at High Price and Very Dangerus 

Well, Gainer maybe you are right........ Only time will tell......

If you posting something please give the latest resources and if you are predicting just mention it too.. Thanks Very Happy

Today latter information about COCR it will going to takeover and Mandatory Offer at 111.00  it will move up 100.00+  cheers

Gainer you are very good in making decisions.. Here you said COCR will move up 100.00 plus and the other topic said it will go down.

How can we believe you?
Because of COCR News not clear still confuse for every one

116 Re: Commercial Credit & Finance PLC on Sun Oct 09, 2016 9:01 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Deal is confirm 29.99%, please download this PDF file and check that. agreement is sign. 

why COCR are drop to 45 level, bcz ASI drop.

now COCR NAVP - around 30, EPS is 10-11, then COCR is value is 110 for big deal. they are coming with different plans.

if we compare with TJL, TJL NAVP around 15, EPS 3.2, now share price is 47


please check Group Lease announcement. 
http://gl.listedcompany.com/newsroom/031020160758440579E.pdf

any other ideas welcome

117 Re: Commercial Credit & Finance PLC on Sun Oct 09, 2016 9:09 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
one more thing i have to add

98.5% stocks holding by top 20 people.

1.5% rest -- 4.8 Millions stocks


to me COCR is Investing stock at 65 now. new investor will bring more money and play the game in sri lanka. profit expansion in near future

118 Re: Commercial Credit & Finance PLC on Mon Oct 10, 2016 2:06 pm

Maxime


Senior Equity Analytic
Senior Equity Analytic
@stockback wrote:Deal is confirm 29.99%, please download this PDF file and check that. agreement is sign. 

why COCR are drop to 45 level, bcz ASI drop.

now COCR NAVP - around 30, EPS is 10-11, then COCR is value is 110 for big deal. they are coming with different plans.

if we compare with TJL, TJL NAVP around 15, EPS 3.2, now share price is 47


please check Group Lease announcement. 
http://gl.listedcompany.com/newsroom/031020160758440579E.pdf

any other ideas welcome
Yes this Agreement ok now should go up

COCR another Announcement will come soon ..................possible mandatory offer at 111.00

119 Re: Commercial Credit & Finance PLC on Mon Oct 10, 2016 2:15 pm

Gainer

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
COCR everything clear now should go up , Now trading at strong support levels

120 Re: Commercial Credit & Finance PLC on Mon Oct 10, 2016 2:24 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Maxime wrote:
@stockback wrote:Deal is confirm 29.99%, please download this PDF file and check that. agreement is sign. 

why COCR are drop to 45 level, bcz ASI drop.

now COCR NAVP - around 30, EPS is 10-11, then COCR is value is 110 for big deal. they are coming with different plans.

if we compare with TJL, TJL NAVP around 15, EPS 3.2, now share price is 47


please check Group Lease announcement. 
http://gl.listedcompany.com/newsroom/031020160758440579E.pdf

any other ideas welcome
Yes this Agreement ok now should go up

COCR another Announcement will come soon ..................possible mandatory offer at 111.00
+ Singapore investment Basketball Basketball Basketball Basketball Basketball  cheers

121 Re: Commercial Credit & Finance PLC on Mon Oct 10, 2016 2:59 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
@Gainer wrote:COCR everything clear now should go up , Now trading at strong support levels


How much did you buy today at 65? Wink


No hard feelings brother, hope you will be a winner soon when COCR go up to 80.00

122 Re: Commercial Credit & Finance PLC on Fri Nov 11, 2016 9:24 pm

EquityChamp

avatar
Moderator
@EquityChamp wrote:For the benefit of all the investors I am publishing a brief financial forecast on Commercial Credit. This is based on last two years financials and Q1 16/17 reported numbers.
 
Rs Mn2014/15 FY2015/16 FYQ1 16/172016/17 FY (E)
Net II         7,255       10,225      3,003             12,270
Other operating income         1,030         1,346         219               1,615
Total operating income         8,285       11,571      3,222             13,885
Impairment & other charges         1,426         2,936         663               2,652
Net operating income         6,859         8,635      2,559             11,233
Total operating expenses         3,851         5,124      1,488               6,303
Profit before VAT         3,008         3,511      1,071               4,931
VAT on financial services            372            491         158                  690
PBT         2,636         3,020         913               4,240
Tax            442            691         241               1,103
PAT         2,194         2,329         672               3,138
EPS             7.5             7.3          2.1                   9.9
Price           50.4           42.5                  68.1
PE ratio             6.8             5.8                    6.9
Fuure valuation                    91.8

As per the above summary, COCR is estimated to report a PAT of Rs3.1 Bn for FY 2016/17 which is an increase of 35% YoY. Only the main issue I can see is a higher value of impairment and security losses that was doubled in 2015/16. Yet I am optimistic that the number will be slightly less this time but depends on the quality of the loan book. Other than that the rest of the numbers seems encouraging for a mid term investor.

Based on the forecasted earning COCR is trading at a forward PE multiple of 6.9x yet to a discount compared to sector PE. If we value the company using historical, sector and market PEs then the applicable price range based on 2016/17 projected earnings to be 62.2-133.2. The average comes to 91.8/-.

Also note that GL has expressed their confidence of COCR making a PAT of Rs3.2 Bn for this year and my forecast comes very close o that.

In conclusion, though the NAV 2/3 below the current price, the current COCR price of 68/- seems to be carrying a good intrinsic value for mid term investor who can hold for couple of months. So my recommendation is that prudent investors should try to buy this stock around current price levels or below should the stock falls further today and tomorrow.

Good luck

As illustrated with this analysis COCR is well on course to earn over 3Bn profit for this year. Q2 PAT of 693Mn and 1H 1367Bn. According to the valuations and growth projections 58/- is about 40% discount to its intrinsic value. A good AA+ investment grade stock when the market is so depressed.

Thanks

123 Re: Commercial Credit & Finance PLC on Fri Nov 11, 2016 10:59 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@EquityChamp wrote:
@EquityChamp wrote:For the benefit of all the investors I am publishing a brief financial forecast on Commercial Credit. This is based on last two years financials and Q1 16/17 reported numbers.
 
Rs Mn2014/15 FY2015/16 FYQ1 16/172016/17 FY (E)
Net II         7,255       10,225      3,003             12,270
Other operating income         1,030         1,346         219               1,615
Total operating income         8,285       11,571      3,222             13,885
Impairment & other charges         1,426         2,936         663               2,652
Net operating income         6,859         8,635      2,559             11,233
Total operating expenses         3,851         5,124      1,488               6,303
Profit before VAT         3,008         3,511      1,071               4,931
VAT on financial services            372            491         158                  690
PBT         2,636         3,020         913               4,240
Tax            442            691         241               1,103
PAT         2,194         2,329         672               3,138
EPS             7.5             7.3          2.1                   9.9
Price           50.4           42.5                  68.1
PE ratio             6.8             5.8                    6.9
Fuure valuation                    91.8

As per the above summary, COCR is estimated to report a PAT of Rs3.1 Bn for FY 2016/17 which is an increase of 35% YoY. Only the main issue I can see is a higher value of impairment and security losses that was doubled in 2015/16. Yet I am optimistic that the number will be slightly less this time but depends on the quality of the loan book. Other than that the rest of the numbers seems encouraging for a mid term investor.

Based on the forecasted earning COCR is trading at a forward PE multiple of 6.9x yet to a discount compared to sector PE. If we value the company using historical, sector and market PEs then the applicable price range based on 2016/17 projected earnings to be 62.2-133.2. The average comes to 91.8/-.

Also note that GL has expressed their confidence of COCR making a PAT of Rs3.2 Bn for this year and my forecast comes very close o that.

In conclusion, though the NAV 2/3 below the current price, the current COCR price of 68/- seems to be carrying a good intrinsic value for mid term investor who can hold for couple of months. So my recommendation is that prudent investors should try to buy this stock around current price levels or below should the stock falls further today and tomorrow.

Good luck

As illustrated with this analysis COCR is well on course to earn over 3Bn profit for this year. Q2 PAT of 693Mn and 1H 1367Bn. According to the valuations and growth projections 58/- is about 40% discount to its intrinsic value. A good AA+ investment grade stock when the market is so depressed.

Thanks


why director wife sold around 70.  I think that is dirty game.

or maybe some "dodu case"

deal will happen. now Group Lease has issue "Convertible debenture " to buy COCR.

clearly mention it on document. please go through this link and check. from this point selling pressure will go down. buying pressure will build.

http://www.set.or.th/set/newsdetails.do?newsId=14778709831250&language=en&country=US

124 Re: Commercial Credit & Finance PLC on Sun Nov 13, 2016 3:08 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
if its a gold mine better start digging

125 Re: Commercial Credit & Finance PLC on Mon Nov 14, 2016 11:06 am

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
THAI GL - EGM will be held on 06/12/2016 .


 30/09/2016 Quarter ended Financials of COCR

https://cdn.cse.lk/cmt/upload_report_file/1063_1478859542056.pdf



Last edited by PrasannaMani on Mon Nov 14, 2016 11:13 am; edited 1 time in total

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