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Sri Lanka Equity Forum » Stock Market Talk » Criticizing COCR share repurchase

Criticizing COCR share repurchase

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1 Criticizing COCR share repurchase on Mon Oct 10, 2016 11:28 pm

whyzo


Equity Analytic
Equity Analytic
When consider the finance industry COCR is the best performer in last 3 years and no one able to match their growth rate even in banking sector. Two foreign parties already invested on COCR, US party paid two times from book value and recently Group Leasing paid four times from book value. Why, Are they mad? No any other local company for investing in finance sector? How about giants like LB, CF, PLC? At least any foreign evaluation or offer for them? No ,Why ? because they are doing business in traditional way.
 
Unluckily COCR didn’t get enough back support from broker firms and also   no brand ambassadors or promoters(like for HEXP) to talk much about positive things. But all we know, truth is they have done the biggest deal in the finance industry (even in the any industry, history), to sell 29.99% for giving only seats in their director board panel. Now they have very powerful director panel with foreign experts (US and Japanese)
 
Think yourself, definitely share price should go up to 111 (at least ) very soon.

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@whyzo wrote:
When consider the finance industry COCR is the best performer in last 3 years and no one able to match their growth rate even in banking sector. Two foreign parties already invested on COCR, US party paid two times from book value and recently Group Leasing paid four times from book value. Why, Are they mad? No any other local company for investing in finance sector? How about giants like LB, CF, PLC? At least any foreign evaluation or offer for them? No ,Why ? because they are doing business in traditional way.
 
Unluckily COCR didn’t get enough back support from broker firms and also   no brand ambassadors or promoters(like for HEXP) to talk much about positive things. But all we know, truth is they have done the biggest deal in the finance industry (even in the any industry, history), to sell 29.99% for giving only seats in their director board panel. Now they have very powerful director panel with foreign experts (US and Japanese)
 
Think yourself, definitely share price should go up to 111 (at least ) very soon.
Well done Very Happy Very Happy Very Happy Very Happy

3 IS IT COCR DAY on Tue Oct 11, 2016 9:42 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@whyzo wrote:
When consider the finance industry COCR is the best performer in last 3 years and no one able to match their growth rate even in banking sector. Two foreign parties already invested on COCR, US party paid two times from book value and recently Group Leasing paid four times from book value. Why, Are they mad? No any other local company for investing in finance sector? How about giants like LB, CF, PLC? At least any foreign evaluation or offer for them? No ,Why ? because they are doing business in traditional way.
 
Unluckily COCR didn’t get enough back support from broker firms and also   no brand ambassadors or promoters(like for HEXP) to talk much about positive things. But all we know, truth is they have done the biggest deal in the finance industry (even in the any industry, history), to sell 29.99% for giving only seats in their director board panel. Now they have very powerful director panel with foreign experts (US and Japanese)
 
Think yourself, definitely share price should go up to 111 (at least ) very soon.
Well done Very Happy Very Happy Very Happy Very Happy

I feel today is very good day for COCR..............
Collection is over under 65/= Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

4 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 11:02 am

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
COCR is slowed down cuz ASI is red. COCR is set for another run! cheers cheers cheers alien alien

5 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 11:33 am

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
But all we know, truth is they have done the biggest deal in the finance industry (even in the any industry, history), to sell 29.99% for giving only seats in their director board panel. Now they have very powerful director panel with foreign experts (US and Japanese)

1.  biggest deal in the finance industry (even in the any industry), -  this itself creates suspicion

2. they have done the biggest deal - They have not done any deal. The owners of big lots of COCR have done a deal to sell them at a suspicious rate.

3. Now they have very powerful director panel with foreign experts (US and Japanese)
 - A Thai leasing company is the buyer.  They say they wanted to learn from us about micro financing .

6 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 12:15 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
This is the most expensive Micro finance class. 10Bn. Thai people must be proud.

7 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 1:26 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
කෙසේ උනත් මෙය ලංකාව තුලට මුදල් ටිකක් හෝ ලැබෙන දෙයක්.   වී කැන් නොට් රයිට් එවුරිතින් ඉන් ඔපන් ෆොරම්. ගූගල් ට්‍රාන්ස්ලෙට් නිසා සිංහලෙන් ලිව්වත් තායි කාරයන්ට පරිවර්ථනය කරගන්න පුලුවන්.

ඉෆ් දේ රීඩ් දීස් biggest deal in history  වගේ දේවල් සහ අපේ සමහර අය මේකෙ හයි ප්‍රයිස්ගැන උදම් අනන හැටි   and පිලිතුරු ලෙස වට් වී රයිට්   Thai shareholders  may ක්වෙස්චන් අබවුට් මේ ඩීල් එක​. එම සමාගමේ කොටස් හෝල්ඩර්ස් can අස්ක් directors රිගාඩින් හයි ප්‍රයිස් .


Hence I stop writing about this for the time being.

8 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 1:42 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
දෑට් ඉස් වෙරි ටෲ!
දිස් ඩිල් විල් බ්‍රින්ග් ෆොරින් ඉන්ෆ්ලොව් ටු අවර් කන්ට්‍රි.
දෑන් බලන් ඉමු මොකද දෑන් අපේ ටික අසුවට විකුනන්න ඔනේ නෙ!!

9 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 1:59 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

10 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 3:30 pm

whyzo


Equity Analytic
Equity Analytic
@Chinwi, you proved again this, 
"Unluckily COCR didn’t get enough back support from broker firms and also   no brand ambassadors or promoters(like for HEXP) to talk much about positive things."  Twisted Evil Twisted Evil Twisted Evil

11 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 4:44 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@whyzo wrote:@Chinwi, you proved again this, 
"Unluckily COCR didn’t get enough back support from broker firms and also   no brand ambassadors or promoters(like for HEXP) to talk much about positive things."  Twisted Evil Twisted Evil Twisted Evil


COCR is investing stock. then no need other peoples. (Jilmart stocks need backup peoples )

12 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 9:16 pm

m2_yapa

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Similarities in CIFL and COCR...
Both start from C
Both are on financial Sector...
Drive and driven by same one...
Still no deceleration of how this transaction is going to happen..

At Chinwi..If you hv time pls drop your ideas to my inbox...i would like to know your views...

13 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 9:43 pm

Teller

avatar
Moderator
HEXP no need any promotion. Those who invested in HEXP almost in profit . There is strong reason for HEXP movement.
But COCR is different. Time to time this stock has fluctuations.
A right issue is on the way @58/- levels. Now they are going to finalize it .
COCR still need to develop their asset quality so this is a good movement for them . So this may be the reason COCR price dropping.

14 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 9:56 pm

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi Teller,

Please mention your source to e information over rights issue at Rs 58/-?

Good Luck

15 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 10:31 pm

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi all,

As Teller was extensively confirmed on the right issue announcement,really wanted know e sources! Who knows whether he is in e BOD

16 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 10:43 pm

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi all,

As Teller was extensively confirmed on the right issue announcement,really wanted know e sources! Who knows whether he is in e BOD

17 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 10:44 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:HEXP no need any promotion.  Those who invested in HEXP almost in profit . There is strong reason for HEXP movement.
But COCR is different. Time to time this stock has fluctuations.
A right issue is on the way @58/- levels.  Now they are going to finalize it .
COCR still need to develop their asset quality so this is a good movement for them . So this may be the reason COCR price dropping.


yes your correct HEXP no need promotions......

Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

Sangeetha please tell something about this statement

18 Re: Criticizing COCR share repurchase on Tue Oct 11, 2016 11:34 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@m2_yapa wrote:Similarities in CIFL and COCR...
Both start from C
Both are on financial Sector...
Drive and driven by same one...
Still no deceleration of how this transaction is going to happen..

At Chinwi..If you hv time pls drop your ideas to my inbox...i would like to know your views...


Sunday September 16, 2007

19 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 12:32 am

Teller

avatar
Moderator
This is from insider information. No source available to prove it . So decision is yours. I am also holding this share but sold most above 70/-

20 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 12:37 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:This is from insider information.  No source available to prove it . So decision is yours. I am also holding this share  but sold most above 70/-


your statement not logical.....

21 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 12:49 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:This is from insider information.  No source available to prove it . So decision is yours. I am also holding this share  but sold most above 70/-


why company go for the Right issue

increase share holder capital or maybe increase liquidity and expand.

COCR can used debenture to expand the business and attract new deposits from new investor.

Example

CSF - before right issue they had minus assets. then they went for Right Issue 

OSEA - Right issue. expand the business. they cannot go for debenture. they cannot pay 14-16% year interest and build new building ..... no point debenture for them.

for finance company debenture is good idea bcz they can replace it loans for customer and get another 8-10% easily. at the same time the can borrow more money and expand the business....

22 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 12:52 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:This is from insider information.  No source available to prove it . So decision is yours. I am also holding this share  but sold most above 70/-


your best and best..

bcz you got HEXP inside info, SFL, now COCR etc.......


still nothing happen. still HEXP land deal also not conclude. if they did they has inform to CSE.

nikan boru kiyanna epa. oya boru okkoma eka para eiy. wena widiyakata kalpanawen.

mama katha karanne facts base.....

23 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 1:13 am

trader7


Manager - Equity Analytics
Manager - Equity Analytics
teller, just making stories to manipulate just as he did with HEXP.
I believe price appreciation for COCR soon

24 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 1:58 am

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
COCR is not going for a rights issue.. if you buy now you can sell at 80 or above,
Forget 111.00 forget a deal just think selling at 80.00


Teller is frustrated cuz his Hexp is not going up, for Hexp it will go to 105 level so what is more profitable.

Cocr will close above 70 within this week and there will be an announcement on the seal this week which will initiate another BIG run.


Just wait and see. Read about directors skeptical dealing which I published yesterday

Jaya wewa!

25 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 2:20 am

Teller

avatar
Moderator
I don't care HEXP or COCR because I have both share holdings. I told the information which I got.

26 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 5:56 am

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi Teller,

Tell us your sources for insiders such as directors?auditors?employees?or someone else?Because many share information without any width and depth

27 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 6:36 am

whyzo


Equity Analytic
Equity Analytic
No Right Issue, its sure more than 1000%. No any discussion regarding that internally.   Wink Wink Wink

28 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 8:56 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@whyzo wrote:No Right Issue, its sure more than 1000%. No any discussion regarding that internally.   Wink Wink Wink
What about the Singapore investment? Very Happy Very Happy Very Happy

29 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 9:05 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The share price will move according to supply & demand. If everyone is targeting 80/=, i wonder who will be the buyer at 80/=.

30 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 9:14 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:The share price will move according to supply & demand. If everyone is targeting 80/=, i wonder who will be the buyer at 80/=.
Directors wife will sell and we gonna buy again...........

Very Happy Very Happy Very Happy Very Happy Very Happy  Last week remember @ 77/= also people bought

31 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 9:26 am

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi Teller, 

Small clarification about your comment on "weak asset quality of #COCR"

As per Annual Report 2015/16;

Gross NPA is 4.2%
NEt NPA is 0.01%

This is below the industry norms! However you have said COCR asset quality is weak? Please clarify on what grounds you made the comment?


Further We are glad to know your insider sources in broad as you have many insider news about most of the companies?

Good Luck

32 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 9:42 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@ONTHEMONEY wrote:Hi Teller, 

Small clarification about your comment on "weak asset quality of #COCR"

As per Annual Report 2015/16;

Gross NPA is 4.2%
NEt NPA is 0.01%

This is below the industry norms! However you have said COCR asset quality is weak? Please clarify on what grounds you made the comment?


Further We are glad to know your insider sources in broad as you have many insider news about most of the companies?

Good Luck
I don't know anything related to COCR. But weak quality means market value is not same as book value.
For an example CITK bought CLND @44. But it is a weak quality asset as no one would buy CLND stake above 35

33 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 9:45 am

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi Sapumal,

COCR is assets portfolio mainly comprised with advances! COCR in banking and finance industry and heath of such is represented via Non-Performing advances[NPA] in annual report.

As per the Annual Report it is very healthy

Good Luck

34 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 10:03 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:The share price will move according to supply & demand. If everyone is targeting 80/=, i wonder who will be the buyer at 80/=.


I will take one example

AAIC

Net assets is -- 5.42

EPS --- 1.19*2 = 2.38

share price is around 23

COCR


Net assets -- 27.24  

EPS -- 10-11 (this year)

share price around 68 now.

 coming quarter reports will show progress continues then share price is moving. no need to panic this is good stock now

have you got my idea...

35 GREEN TODAY on Wed Oct 12, 2016 10:15 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
How about around 11:00 Very Happy Very Happy Very Happy Very Happy  COCR repeat last Monday  Basketball Basketball Basketball Basketball Basketball Basketball

36 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 10:24 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:The share price will move according to supply & demand. If everyone is targeting 80/=, i wonder who will be the buyer at 80/=.


kauda hithuwe HEXP gani kiyala 100.

plenty of stock traded around 100 level.

think and invest...

37 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 11:47 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
example

LB Finance 

now doing 900 Millions per quarter. maybe they have new target 4000 Millions for financial year.

think
COCR doping same amount.
4000/320 = EPS 12.5

this year they have target 3200 Millions, 

COCr plan is clear. targeting to expand the business during next 2-3 years. 

dont forget 1.5% stocks are holding in the market without top 20 holders.

38 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 11:58 am

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@stockback wrote:
think and invest...
Yes. Think and invest and then promote day and night till you sell the quantity.. Very Happy

39 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 12:39 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@TARGET wrote:
@stockback wrote:
think and invest...
Yes. Think and invest and then promote day and night till you sell the quantity.. Very Happy


common guys. 


CSE very under value compare with other countries. 
I am not think my words effect to others. I said think and invest.

some people buying Craps. example CIFL. CIFL move 1-2. then gain 100% without anything

why COCR not move 100%. it has value and also 29.99% stocks buying one party at 111

Think and Invest..

these days Market Red. then we cannot expect. I hope today green day.still Red  maybe last moment this will be change

40 Re: Criticizing COCR share repurchase on Wed Oct 12, 2016 1:18 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:
@TARGET wrote:
@stockback wrote:
think and invest...
Yes. Think and invest and then promote day and night till you sell the quantity.. Very Happy


common guys. 


CSE very under value compare with other countries. 
I am not think my words effect to others. I said think and invest.

some people buying Craps. example CIFL. CIFL move 1-2. then gain 100% without anything

why COCR not move 100%. it has value and also 29.99% stocks buying one party at 111

Think and Invest..

these days Market Red. then we cannot expect. I hope today green day.still Red  maybe last moment this will be change
TILL MARKET GET GREEN LETS HAVE A PAUSE...........
NEXT MONDAY MIGHT BE THE DAY FOR COCR
Very Happy Very Happy Very Happy Very Happy Very Happy

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