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Sri Lanka Equity Forum » Stock Market Talk » COCR.N000 Positive side

COCR.N000 Positive side

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1 COCR.N000 Positive side on Sun Nov 27, 2016 10:59 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
1)Profit Growing. according to expected EPS. P/E is around 5
2)30% stocks are value 111/ by big group.
3)chart are very positive now. (Parabolic SAR and MACD very positive now.) RSI is in good position. 


2 Re: COCR.N000 Positive side on Sun Nov 27, 2016 10:45 pm

Teller

Teller
Moderator
Now this is the time to enter the share. COCR can give 15_20℅ return easily . Rumors says that they are going to take a banking licence.

3 Re: COCR.N000 Positive side on Mon Nov 28, 2016 5:07 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Teller wrote:Now this is the time to enter the share.  COCR can give 15_20℅ return easily . Rumors says that they are going to take a banking licence.

If a finance company becomes a bank is it a good sign or bad sign w.r.t. earnings ? ; short-medium term.

4 Re: COCR.N000 Positive side on Mon Nov 28, 2016 8:55 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Chinwi wrote:
@Teller wrote:Now this is the time to enter the share.  COCR can give 15_20℅ return easily . Rumors says that they are going to take a banking licence.

If a finance company becomes a bank is it a good sign or bad sign w.r.t. earnings  ? ; short-medium term.
Lets ask Sangeetha lol! lol! lol! lol! lol! lol!

5 Re: COCR.N000 Positive side on Mon Nov 28, 2016 12:53 pm

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi Guys!

Market sentiments have kept me away and sleep actually.

BTW as Teller mentioned, I have also heard from a very reliable source that #COCR is to get a new license to enter in to banking. 

However, the banking industry runs at a very competitive sentiment and I would believe #COCR will go for strong consolidation|merger with a leading bank based on their asset strength!


Good Luck

6 Re: COCR.N000 Positive side on Wed Nov 30, 2016 10:13 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Guys be ready......

7 Re: COCR.N000 Positive side on Wed Nov 30, 2016 10:17 am

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Hmmm mona monada wenawa

8 Re: COCR.N000 Positive side on Wed Nov 30, 2016 1:44 pm

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
@ONTHEMONEY wrote:Hi Guys!

Market sentiments have kept me away and sleep actually.

BTW as Teller mentioned, I have also heard from a very reliable source that #COCR is to get a new license to enter in to banking. 

However, the banking industry runs at a very competitive sentiment and I would believe #COCR will go for strong consolidation|merger with a leading bank based on their asset strength!


Good Luck
Adding 29.99% Acquisition EGM on 06/12/2016  And Pending announcement will boost the COCR share Price in  Mid December.

9 Re: COCR.N000 Positive side on Wed Nov 30, 2016 4:31 pm

newone


Senior Equity Analytic
Senior Equity Analytic
I saw today order book.  Some one try to add big sell order & collect low price.  Don't panic sell orders.  This is the chance.  All the best . Happy x mas bonus to all.santa

10 Re: COCR.N000 Positive side on Mon Dec 05, 2016 4:26 pm

newone


Senior Equity Analytic
Senior Equity Analytic
My target price is 95

11 Re: COCR.N000 Positive side on Mon Dec 05, 2016 5:25 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Newone u knw aby news?as i knw tomorrow they going to sign d deal.withing this week it will complete.bt i dnt knw thair target price

12 Re: COCR.N000 Positive side on Mon Dec 05, 2016 6:34 pm

Teller

Teller
Moderator
As I said earlier , COCR now almost given 10℅ return to us. My target price is 80 them it will do a little rest there. How ever there is a big opportunity from HEXP too. HEXP can give another 20℅ easily and must Surpass 110/- levels.
I'm sure HEXP will disclose its pending ahnouncement in this market positive time.
We entered COCR at correct time as same way entering HExP at these levels so attractive as per my analysis.
GL

13 Re: COCR.N000 Positive side on Mon Dec 05, 2016 6:56 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Teller wt z d pending news??land sale news??

14 Re: COCR.N000 Positive side on Mon Dec 05, 2016 7:13 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@hiransilva23 wrote:Teller wt z d pending news??land sale news??


thawama Land eka wikke naha. wikkoth aniwarayenma CSE ekata notification ekak ewanna ona

15 Re: COCR.N000 Positive side on Mon Dec 05, 2016 7:35 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Na macho man ahuwe pending announcement kiwwe eka ganada kiyalai

16 Re: COCR.N000 Positive side on Mon Dec 05, 2016 7:42 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@hiransilva23 wrote:Na macho man ahuwe pending announcement kiwwe eka ganada kiyalai

mama inside trading karanne naha. e hinda kiyanna amarui.

EPS eka anuwa stock price eka drop wenna ona. special reason ekak nahane up wenna.

Land selling news eka awoth HEXP yai. 

balamu

17 Re: COCR.N000 Positive side on Mon Dec 05, 2016 8:17 pm

EquityChamp

EquityChamp
Moderator
@Teller wrote:As I said earlier , COCR  now almost given 10℅ return to us. My target price is 80 them it will do a little rest there. How ever there is a big opportunity from HEXP too.  HEXP can give another 20℅ easily and must Surpass 110/- levels.
I'm sure HEXP will disclose its pending ahnouncement in this market positive time.
We entered COCR at correct time as same way entering HExP at these levels so attractive as per my analysis.
GL

Entering HEXP at these levels means you have already dislodged from HEXP early and now try to buy again. Thought you were trying to be one of top ten Very Happy

18 Re: COCR.N000 Positive side on Mon Dec 05, 2016 9:17 pm

newone


Senior Equity Analytic
Senior Equity Analytic
Hiran,
This share price is my predicted & last few days I studied cocr movements is cse. I think u also watch & buy. 
All the best

19 Re: COCR.N000 Positive side on Mon Dec 05, 2016 9:41 pm

Teller

Teller
Moderator
@euitychamp, I didn't dispose & I'm in a considerable position in top 20. Still I use this opportunity to accumulate it. I will think to dispose HEXP once it reach to 200+

20 Re: COCR.N000 Positive side on Mon Dec 05, 2016 10:52 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Teller hw z ur cocr prediction price in short term???

21 Re: COCR.N000 Positive side on Tue Dec 06, 2016 5:30 am

EquityChamp

EquityChamp
Moderator
@Teller wrote:@euitychamp, I didn't dispose  & I'm in a considerable position in top 20.  Still  I use this opportunity to accumulate it.  I will think to dispose HEXP   once it reach to 200+

200+. Hmmm very good.

22 Re: COCR.N000 Positive side on Tue Dec 06, 2016 8:38 am

newone


Senior Equity Analytic
Senior Equity Analytic
Hiran 
See this order book & trading pattern
Today is cocr day
All the best

23 Re: COCR.N000 Positive side on Tue Dec 06, 2016 8:55 am

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
At newone yesterday smone mach d big buy order at 70.it z d one n only doubt point.smone tring to increse d selling pressure n collect

24 Re: COCR.N000 Positive side on Tue Dec 06, 2016 10:15 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
sellers  good luck.....

cleanly someone collecting nicely.....

will see......

25 Re: COCR.N000 Positive side on Tue Dec 06, 2016 10:34 am

newone


Senior Equity Analytic
Senior Equity Analytic
67 big lot s  collecting don't panic

26 Re: COCR.N000 Positive side on Tue Dec 06, 2016 10:48 am

Gallardo


Manager - Equity Analytics
Manager - Equity Analytics
Three shareholders of Commercial Credit and Finance PLC (CCFP), namely BG Investments (Pvt.) Ltd (BGI), Creations Investments Sri Lanka (Pvt.) Limited (CISL) and Mr. S.L. La France have entered into a Share Purchase Agreement (SPA) to dispose part of their shareholdings to Group Lease Holdings (GLH), a Singapore based Company at a price of Rs. 111.00 per share. The shares to be divested by BGI, CISL and Mr. La France will amount to 6.98%, 22.26% and 0.74% respectively of the issued share capital of the Company.  Thus GLH will acquire 29.99% of the share capital of CCFP. GLH is a 100% owned subsidiary of Group Lease Public Company Limited (GLPCL), a company listed on the Stock Exchange of Thailand (SET). Mr. Patrick Fisher, Non-Executive Director of CCF is also a Non-Executive Director of GLPCL, which is the holding company of GLH.  According to the SPA, the transaction will be completed only after all conditions precedent are met which include regulatory and other approvals as required by GLH and GLPCL. 

- Taken from the last quarterly.


Any thoughts on how this transaction takes place?  Block trade?  Partly off market?  Is that why a quarter million block was collected off the market yesterday to sell as a parcel?

27 Re: COCR.N000 Positive side on Tue Dec 06, 2016 10:51 am

EquityChamp

EquityChamp
Moderator
Correcting the over bought condition. Today can settle around 65-66.

28 Re: COCR.N000 Positive side on Tue Dec 06, 2016 11:12 am

Gallardo


Manager - Equity Analytics
Manager - Equity Analytics
Any idea how they will do the deal?  29.9% at 111?

29 Re: COCR.N000 Positive side on Tue Dec 06, 2016 11:16 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
order matching and collection.Dont sell

30 Re: COCR.N000 Positive side on Tue Dec 06, 2016 11:22 am

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
THAI GL EGM Approved the COCR Deal and pending announcement.

31 Re: COCR.N000 Positive side on Tue Dec 06, 2016 12:00 pm

kasun333


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
dont sell .... this will pass 80 . soooon..... lol! santa

32 Re: COCR.N000 Positive side on Tue Dec 06, 2016 12:06 pm

Gallardo


Manager - Equity Analytics
Manager - Equity Analytics
Ok thanks... Profit on Myanmar stake sale was Rs.273 million at 145 to USD.  Has this taken place?  If ongoing, the rupee value will be 7 to 9 million more at current USD exchange (148 but touched 150 recently)

33 Re: COCR.N000 Positive side on Tue Dec 06, 2016 1:19 pm

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics

GL : GROUP LEASE PUBLIC COMPANY LIMITED


.

* Last Update 06 Dec 2016 16:57:02
Market Status : OffHour
Sign
Last62.00
Change+5.00
%Change+8.77
Prior57.00
Open57.50
High62.25
Low57.50
Volume (Shares)16,175,762
Value ('000 Baht)972,030.62
Average Price **60.09


** Only Auto Matching

Par (Baht)0.50
Ceiling74.00
Floor40.00


                  Volume                           Value                           Acc. Volume                           Acc. Value                

Today Thai GL Stock behavior.You can see a better improvement in CSE-COCR Tomorrow.

34 Re: COCR.N000 Positive side on Tue Dec 06, 2016 7:26 pm

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
It's party time and tomorrow COCR boost the CSE.

Refer the link for EGM passed resolution of THAI GL today......

http://www.set.or.th/set/pdfnews.do?newsId=14809814147340&sequence=0

Deal is on.........

35 Re: COCR.N000 Positive side on Wed Dec 07, 2016 8:02 pm

stockback


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

36 Re: COCR.N000 Positive side on Thu Dec 08, 2016 9:49 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
GL's Key Regional Investment Plans Get Shareholders' Green Light

December 07, 2016
Shareholders of Group Lease Public Company Limited (GL), Asean's leading digital finance firm, gave approval to the proposal to acquire shares in two finance firms in Sri Lanka and Myanmar as part of its ambitious plan to become one of the "world-class" players.

With such approval, GL will acquire 22.27% shares in Commercial Credit and Finance PLC (CCF), a leading finance firm listed on Sri Lanka stock market, as part of the company's plan to acquire a total of 29.99% equity stake in CCF. The acquisition of the remaining 7.72% shares from its two existing shareholders--which does not involve connected transactions - is not subject to shareholders' approval.

Such acquisitions will boost earning's growth for GL from the profit sharing of around USD 7 million from CCF to be booked in Q4 and more to come next year and beyond.



The GL's shareholders also approved a proposed acquisition of all shares in BG Microfinance Myanmar Co., Ltd., a microfinance firm in Myanmar, to tap the high loan demand in the newly opened economy, as well as a proposed issuance of debentures to finance the expansion.

Mr. Mitsuji Konoshita, Chairman of the Board of Directors and Chief Executive Officer of GL, revealed the shareholders’ resolution, at the company’s extraordinary general meeting No. 2/2016 on December 6, 2016, to approve the proposed moves to expand the company’s presence in the digital finance markets in the Asean and Asian regions, which will be the new engine of growth for the company.

The acquisition will be made through Group Lease Holdings PTE. Ltd (GLH), a subsidiary registered on the Singapore Exchange (SGX), buying 22.27% shares in Commercial Credit and Finance PLC (CCF) from Creation Investments Sri Lanka LLC (Creation SL). CCF is a leading finance firm listed on Sri Lanka’s stock market with about one million customers and that will help GL to widen its geographical scope of operations beyond Asean to cover Sri Lanka, a growing South Asian market.

The 22.27% share acquisition will be part of the plan to hold a total of 29.99% shares in CCF, he said, adding that GLH has purchased the difference of 7.72% from two shareholders, i.e. BG Investments (PVT) Ltd. and Mr. Stephen L Lafrance Jr. The purchases, which were not connected transactions, did not require shareholder approval.

The combined value of the investments in CCF will reach THB 2.514 billion (about LKR 10.58835 billion). The CFF investments will improve GL’s performance beginning Q4 of 2016, as about USD 7 million (or about THB 244.6 million) will be posted as a profit sharing from CCF, whose profit for this year is estimated to be around US$22 million and around US$30 million for 2017.

The deal will also enable GL to have access to microfinance know-hows, which can be used to apply for credit expansions in Cambodia, Laos, Indonesia and Thailand.

Mr. Mitsuji added that GL’s shareholders also resolved to approve a proposed THB 277.24 million acquisition, to be executed by GL and/or through GLH, of all 1,387,680 issued and paid-up ordinary shares in BG Microfinance Myanmar Co., Ltd. (BGMM), a microfinance firm in Myanmar, at about US$5.77 (about THB 199.79) per share.

The BGMM acquisition will allow GL to immediately expand microfinance business in Myanmar, a country with a population of more than 50 million and huge loan demand. The deal means there is no need for GL to go through the difficult process of applying for a new microcredit business license from the Central Bank of Myanmar. Having been in operation for more than two years, BGMM has nearly 10,000 customers and a loan portfolio worth more than US$1.2 million (about THB 41.9 million).

GL’s shareholders, at an extraordinary general meeting, also approved proposed issuance of convertible debentures valued up to US$70 million to international investors on a private placement basis. Up to US$50 million convertible debentures will be allotted to JTrust Asia (JTA), a strategic partner in Indonesia, to finance expansions and secure working capital for GL’s digital finance business, and US$20 million convertible debentures to Creation SL, a partner in Sri Lanka, to raise funds for continued expansion. The debentures will have a three-year maturity period and a conversion price of THB 70 per share.

“The shareholders’ approvals will enable GL to increase its presence across the Asean and Asian regions at rapid rate and reach its performance goals and become a world-class digital finance firm,” said the CEO.

37 Re: COCR.N000 Positive side on Thu Dec 08, 2016 10:29 am

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
Deal Done........... Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

38 Re: COCR.N000 Positive side on Thu Dec 08, 2016 10:30 am

Gallardo


Manager - Equity Analytics
Manager - Equity Analytics
Thanks, good read.   Does anyone know if there's a CSE rule where the share has to trade within a certain price range before a crossing can take place?  I'm trying to refer to LHCL etc and pinpoint if there is such a thing.  If so, I'm curious on how the cocr stake switches hands at 111?

39 Re: COCR.N000 Positive side on Thu Dec 08, 2016 10:32 am

Gallardo


Manager - Equity Analytics
Manager - Equity Analytics
Ok, I take that back, I got disconnected from the trader and just saw the trades!  Awesome!

40 Re: COCR.N000 Positive side on Thu Dec 08, 2016 10:36 am

ShiraBoy


Senior Equity Analytic
Senior Equity Analytic
Deal done ! Just saw the trades ! wow.

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