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Sri Lanka Equity Forum » Stock Market Talk » VFIN target price -- Rs 80.00 within 2 months

VFIN target price -- Rs 80.00 within 2 months

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1 VFIN target price -- Rs 80.00 within 2 months on Sun Feb 19, 2017 11:20 am

Harry82

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Vallibel Finance, the name-bearer of the iconic Vallibel Group, capped yet another outstanding Q3, reporting impressive returns for last 9 months of 2016.
Total income crossed the Rs.3 billion mile-stone, reaching Rs. 3.6 Billion, netting in an exponential growth of 43% as against the previous figure of Rs. 2.4 Billion. It was a robust 9 months for the company as all key indicators returned trumps.
Net interest income moved up 18.9% percent to reach Rs. 1.44 Billion bolstering the pre-tax profits which propelled to Rs. 934 Million, a growth of 47%.
The company stamped its stature on the loan book as well, disbursing Rs. 13.1 Billion during the same period of 2016, offering renewed impetus for growth for people across the country, as a far-fledged mandate of financial support took deeper roots reaching more people in more places.
This was evident in the loan book as total disbursements reached Rs. 23.7 Billion.
“Ours is a home-grown model of financial stewardship that makes us an integral part of the lives and dreams of our customers. At the same time, it’s all built on professionalism and accountability”– Dhammika Perera , Executive Director, Vallibel Finance
The increasing popularity of Vallibel Finance and the respect it commands in the market are evident in its performance which is clearly indicative of the increasing stature of the company. 

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Harry
With such good performance why VFIN should take 2 months time to reach at Rs.80/= level?

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
that is maximum time

glad


Manager - Equity Analytics
Manager - Equity Analytics
Expected VFIN to reach 80/- 2 years ago.

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
nope it'll take longer tym. It has being showing tremendous growth but unfortunately negative outlook towards finance company sector has made finance sector shares unattractive. If it was going to reach 80mark, it would have reached it by now.

Only chance of it reaching 80 is if it gets sub divided and declares around 3bucks in dividend after sub division. Then it might reach 80. Usually dividend announcement is in june. 4months away.

Mubin Mustafa


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
V FIN don't trust this idot..damn fool. 80 rs is dream..

glad


Manager - Equity Analytics
Manager - Equity Analytics
Damn fool is VFIN or someone else?

venura


Senior Equity Analytic
Senior Equity Analytic
Earnings of vfin deserve a much higher price.vfin reached current price level when earnings were around 8p.s. Now Eps is over 16.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I believe that current market environment has caused the low demanding thereby low pricing. At present no value is given for undervalued plus strong counters.

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
VFIN is best managed company in leasing companies.It's performance speaks.You need patience.It is not running in loss or critical situation. It will give you good dividends.

glad


Manager - Equity Analytics
Manager - Equity Analytics
Hope they will improve the dividend payment this year

venura


Senior Equity Analytic
Senior Equity Analytic
Maximum we can expect is Rs.3/-

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
3.50 Sure

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
they might give more of a scrip dividend this tym. All the finance companies will want to keep there money to comply with capital requirements which are imposed.

Look at the banks dividend payout this tym, more scrip dividend and less cash payout

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yes, more weight is for jayathu's remark..

anges


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i think it will go upto 800 levels not 80 ! lol

venura


Senior Equity Analytic
Senior Equity Analytic
If the company continue their growth rate for few more years (2-5 years) EPS will reach to 20-50 level . So this is an interesting share to keep in your portfolio.

Wimal Modawansa

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Is Abans Finance PLC in deep trouble and is for sale ? Profit is only Rs 100,000/= for February? Should I buy the rights @ 25.00 when it is trading @ 23.00 levels?

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Normally VFIN deliver much better results in last quarter, So EPS will be 17.00+ and NAV will be 60.00+.
There will be a correction in mkt prices of VFIN, LFIN.( Both are too much undervalued )
Current PER is below 4.00 and PBV is 1.05

If mkt price reach  85.00, PER = 5.00, PBV = 1.33
If mkt price reach 102.00, PER = 6.00, PBV = 1.65

Last year EPS = 12.00 , This year EPS = 17.00 , 2018 March EPS = ?? minimum 22.00 , Then if they give Rs.2.50 dividend NAV as at march 2018 = 80.00, 

Then within 12 months PER and PBV analysis will be like this.
Mkt price = 110.00, PER = 5.00, PBV = 1.40
Mkt price = 132.00, PER = 6.00, PBV = 1.65

Meanwhile if interest rates drop PER of 9.00 and PBV 2.00 is possible ( like in 2014 ).

Mkt price = 160.00, PER 7.40, PBV = 2.00

Any comments..

venura


Senior Equity Analytic
Senior Equity Analytic
Yes this share deserve a much higher price.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
VFIN has been isolated & stagnant for a long period in undervalued status for unknown reasons though performed well. Surprisingly, in the past holders sold great volumes at lower prices. That could be certain market tactics in re-buying. Fresh movement would be further driven by March ending results.

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
VFIN will touch at least 85.00 within 2 months.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@SLFINANCEWATCH wrote:VFIN will touch at least 85.00 within 2 months.
Another GOD (or should I pronounce it from last letter to first letter), who can give targets with time frame... lol!

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Will see man..

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@SLFINANCEWATCH wrote:Will see man..
I think you are a well educated man. Please don't do these kind of promotions.

venura


Senior Equity Analytic
Senior Equity Analytic
@target
I don't think it's an unethical promotion. He has given all reasons why he think share price should adjust to 85/-.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@venura wrote:@target
I don't think it's an  unethical promotion. He has given all reasons why he think share price should adjust to 85/-.
vfin is a good share but historically going in low PE. It's good to educate members by giving facts and datas, but giving targets with time frames to fool new comers and unload someones quantity is unacceptable.  If you see it in a unbiased way , you will understand it  venura.

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I should say again , will see..
If you all think that I'm doing a damn promotion, you may ignore my comments..
New comers.. sorry for my comments about VFIN, It will not touch even 70.00 within 2 months..Mr.Target want me to say that to you all..

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Mr.Target see all my earlier posts about VFIN and explain what you mean by low PE ..?

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@SLFINANCEWATCH wrote:I should say again , will see..
If you all think that I'm doing a damn promotion, you may ignore my comments..
New comers.. sorry for my comments about VFIN, It will not touch even 70.00 within 2 months..Mr.Target want me to say that to you all..
Oh dear don't go off topic. If you can say, share X go to price R in the time T   Shocked ...poohhh....you must be richer than warren buffet..
Now what I am trying to say must be clear to anyone.. Very Happy 
Because if someone rich like warren buffet, will not come here to promote his share.. Razz

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Ok sir..u r not a human..u r a god..u r a special man in this forum..u always think about others..specially about new comers..
But dont u have any idea about the shares u invest ? U are not expecting that share to hit Rs.*** in next year or within few months ? U dont do ur own analysis ? Ha 
U dont predict about its future ?

Or u r not publishing ur  analysis here ? Everyone cant be buffet or gates..but im a good investor..Take VFIN..I may be wrong in short term but as an investment i will surely get a 200% return within 2-3 years..
keep my words in your mind boss..

Please explain sir..

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
 by SLFINANCEWATCH on Thu Apr 13, 2017 7:46 am


Normally VFIN deliver much better results in last quarter, So EPS will be 17.00+ and NAV will be 60.00+.
There will be a correction in mkt prices of VFIN, LFIN.( Both are too much undervalued )
Current PER is below 4.00 and PBV is 1.05

If mkt price reach  85.00, PER = 5.00, PBV = 1.33
If mkt price reach 102.00, PER = 6.00, PBV = 1.65

Last year EPS = 12.00 , This year EPS = 17.00 , 2018 March EPS = ?? minimum 22.00 , Then if they give Rs.2.50 dividend NAV as at march 2018 = 80.00, 

Then within 12 months PER and PBV analysis will be like this.
Mkt price = 110.00, PER = 5.00, PBV = 1.40
Mkt price = 132.00, PER = 6.00, PBV = 1.65

Meanwhile if interest rates drop PER of 9.00 and PBV 2.00 is possible ( like in 2014 ).

Mkt price = 160.00, PER 7.40, PBV = 2.00

Any comments..


_________________
This is my own view on this matter, Please do your own Analysis and Decide. 

Good Luck !!!
 


SLFINANCEWATCHAssistant Vice President - Equity Analytics


Posts : 658
Equity Stars : 2085
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Join date : 2014-01-28
Location : COLOMBO

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Mr.Target..
See my 1st post on VFIN..and remember this..
U are somewhat right..low PE..but still see the value of this.
In any situation 4,5,6 is a Low PE ratio..speciall return on equity is about 30.00%

venura


Senior Equity Analytic
Senior Equity Analytic
@SLFW
Do u hv any additional information about vfin. Such as
Any chance for the company to double its profits
Rights issue
Share split
Impact from the restrictions on leasing
Any new products/investments etc

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Venura..
Do not have much information on theee things, But there will be good chance for a share Split..As they have only 30 branches they have much more space to grow their biz through nebw brznches.
Think they open few in last few months as well.
Others like PLC, LOFC, CFIN, LFIN do not have that chance as they are already covered most part of the country.
VFIN have an edge on that factor..10 new Branches will easily increase their NIM's by 20.00% - 30.00%.

Analysing past results and market situation VFIN will surely post 925 mn + PBT In next year (700Mn * 30.00%).
I.e a EPS of 22.00.
And NAV will be about 80.00.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Expected price might be reached before the said period Or even after that. Timing predictions are far reachable.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@SLFINANCEWATCH wrote:.Take VFIN..I may be wrong in short term but as an investment i will surely get a 200% return within 2-3 years..
oh yes boss. thanks. this is what I exactly say. See the topic. Hit 80 in 2 months. So say new comers buy vfin following you, hoping to sell it 80 in 2 months. Assume he want money in 2 months time. But in 2 months time price may have declined. who knows.. Now what happens.. he will be in a deep shit hole... Then you can come and say this have a long term value and blaa blaa...But will it help him???
So my friend you are an educated and intelligent guy. I think you can understand what I am trying to say. So pls give only your analysis (Technical or fundamentals). Never give short term target prices..BECAUSE IT'S OTHERS BLOOD..

SLFINANCEWATCH

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks for your advices dude..

SLFINANCEWATCH

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Smile Very Happy Smile Very Happy

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