CDB Community

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topcat
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Re: CDB Community

Postby topcat » Mon Nov 07, 2016 6:58 pm

SHARK wrote:
topcat wrote:Shark I think you should blend your exceptional knowledge of TA with the common sense :)
=))

Technology with gentle human touch.. :D
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Re: CDB Community

Postby SHARK » Fri Nov 18, 2016 7:50 am

CDB high exposure to Lease may see some mid term stagnation/correction.
with current budget proposals on leasing.
if bank sector restriction on lease come into play then we could see some balancing act for NBFs, such as CDB,VFIN etc
Price is what you pay. Value is what you get.”

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Re: CDB Community

Postby Xmart » Fri Nov 25, 2016 6:40 am

CDB at 52 week low today. 71.50 which is 61.8% Fib retracement of 2014-2015 bull trend.
good one to keep an eye at the moment.
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Re: CDB Community

Postby SHARK » Sat Apr 15, 2017 2:58 pm

cdb.png
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Re: CDB Community

Postby SHARK » Sat Apr 15, 2017 3:02 pm

SHARK wrote:I am not saying it will HIT 50 but a Good SUPPORT to Collect. :)


came 6rs shorter to 56 my target sell was 50
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Re: CDB Community

Postby SHARK » Sat Apr 15, 2017 3:06 pm

SHARK wrote:A perfect BUY would be the 50s if MACD could stand the SELLING and indicate a POSITIVE Divergence :D
This post was on 07.11.2016.....

And today CDB has turned out with positive divergence :-B
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Re: CDB Community

Postby PATHFINDER » Sat Apr 15, 2017 6:42 pm

CDB.N got a nice support at 56-57 as it's the extreme correction of 78.6% fib level on monthly chart.
It won't look back to 50's again for longtime.

75 may act as immediate resistance in medium term,but this is a very good share for MT/LT holders.
TIMING IS THE NAME FOR THE GAME

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Re: CDB Community

Postby NC+ » Sat Apr 15, 2017 7:20 pm

That's true Shark and PF
see how TA interesting... :ymhug:
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Re: CDB Community

Postby fibreboy » Sun May 07, 2017 12:47 pm

Im planning to buy CDB.X around 56 coz low PE ratio & pending dividend announcement .but what bother me is their cash per share.why is it in minus position?please acknowledge ..also need to know IF CDBN hit 70 how will x react?

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Re: CDB Community

Postby dhanurrox » Tue May 30, 2017 9:26 pm

uploaded all the results.This caught my eye.

https://cdn.cse.lk/cmt/upload_report_fi ... 142848.pdf

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Re: CDB Community

Postby Blue Whale » Tue May 30, 2017 9:31 pm

dhanurrox wrote:uploaded all the results.This caught my eye.

https://cdn.cse.lk/cmt/upload_report_fi ... 142848.pdf


Can you believe your eyes :))
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Re: CDB Community

Postby Xmart » Wed May 31, 2017 12:09 am

Oh Beauty...
looks like CDB will deliver more than we bargained for.
will market remain red at least for few more days?
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Re: CDB Community

Postby Blue Whale » Wed May 31, 2017 5:37 am

I am expecting a continued consolidation in the market for today as well. May be it will bounce back after tomorrow.
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Re: CDB Community

Postby PATHFINDER » Wed May 31, 2017 7:38 am

There is a reduction in net interest income in both QoQ and YoY.
Changes in revaluation surplus of 328Mn has made the bottom line a beauty.
Otherwise this is not an exceptional performance for me.
YoY profit for the period has 0% growth.
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Re: CDB Community

Postby PAT » Thu Jun 01, 2017 5:04 pm

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC
Company ID:- CDB
Date of Announcement:- 01.Jun.2017
Rate of Dividend:- Rs. 3.50 per share (Voting & Non-Voting) / First & Final Dividend
Financial Year:- 2016/2017
Shareholder Approval:- Required
AGM:- 30.Jun.2017
XD:- 03.Jul.2017
Payment:- 11.Jul.2017
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Re: CDB Community

Postby PAT » Sun Jun 11, 2017 8:50 am

CDB posts Rs 1 b PAT

Citizens Development Business Finance PLC (CDB) crossed the Rs. 1 billion milestone in after tax profit for the second consecutive year in the FY 2016/17, despite an increasingly competitive and volatile operating environment.

The Balance Sheet for year end reflected a growth of 7%, recording Rs. 53.9 billion.

CDB’s revenue detailed at Rs. 8.6 bn reflects a growth of 15%, while interest income grew by 14% to Rs. 7,587 million.

Interest expenses increased by 31% to Rs. 4,699 million. This resulted in a decline of 6% in net interest income amidst a rising interest rate scenario, which saw a posting of Rs. 2,888 million.

Net Operating income moved upwards to Rs. 3.7 billion, a growth of 5% mainly attributed to a reduction of Rs. 173 million in impairment charges and other credit losses.

The Loan Book grew by 12% to stand at Rs. 43.2 billion, while the deposit portfolio reflects a growth of 6%, reaching to Rs. 32.6 billion.

Growth in lending was supported by growth in the share of non-auto lending, which represented 7% of total lending compared to 5% last year.

During the period under review, the gross NPL ratio further improved to 3.08%, compared to last year’s 3.62%. Similarly Net NPL improved to 1.05% from 1.56%.

Capital Funds increased by 24% notching Rs. 6.2 billion, while ROE is detailed at 17.83%, ROA 1.93%, EPS at Rs. 18.53 and Net Asset Value per Share at Rs. 115.

Capital adequacy ratios for Tier I and Tier II stands at 12.32% and 14.12% respectively, compared to the regulatory level of 5% and 10%.

The liquidity ratio too echoed similar trends of being above regulatory requirements, displayed at 13.03%.

CDB’s subsidiary too proved its mettle this year. Unisons Capital Leasing Ltd (UCL), CDB’s 90.38% owned specialized leasing subsidiary acquired in October 2014, performed impressively in the 2016/17 financial year.

UCL reported Rs. 20 million in Profit After Tax and expanded its balance sheet to an impressive Rs. 693 million, from Rs. 370 million last year.

In its bid to give stakeholders more accessibility, CDB expanded its distribution network by adding seven new branches, completing 69 branches.

CDB has embarked on an ambitious technology drive to maximize market opportunities with the planned launch of CDBiNet in the 1Q of 2017/18.

An online omni channel transactional platform with a 360 degree application for customer portfolios, CDBiNet facilitates management and maintenance of personal portfolios including online account opening facilities, online fund transfers to any bank via the Common Electronic Fund Transfer System (CEFTS) and online utility bill settlements.
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Re: CDB Community

Postby SHARK » Sun Jul 16, 2017 10:59 pm

Target not met yet...... so more opportunity..... if you have not bought still.
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Re: CDB Community

Postby Blue Whale » Mon Jul 17, 2017 5:46 am

For some reason it is one of the biggest underperforming counter in the financial sector. Not sure the reason behind it but it should make the move soon.
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Re: CDB Community

Postby SHARK » Thu Oct 05, 2017 10:15 am

keep a very close eye on it. technically we should spread the RISK by starting to BUY.

looks a mid term opprtunity in the making.

patience is the key.
Price is what you pay. Value is what you get.”

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Re: CDB Community

Postby SHARK » Thu Oct 05, 2017 10:20 am

I am looking at this one again ! ....

We are very bullish on different sectors right now.

those newbees must start looking at unpopular stocks, before they become active.

why this share is coming down.

check to see if Top 20 SH are reducing..... selling can never continue forever..... buyers will come and absorb.

are their any other reason .....

based on last quarter net earnings had been FLAT.
the topline is seen 20% growth.
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Re: CDB Community

Postby prasa2004 » Thu Oct 05, 2017 11:14 am

CDB was a sleeping stock and trading just over 50% of NAV (118) which is unjustified. After spate of Director buying around 70s some months ago it went down and hovering around 60s for longer period. CDB was associated mainly as leasing provider for three wheeler/maruti's and with RK last budget on LTV etc. share got hammered hard. They have some holdings of JKH and COMB with low values and with shares rising they can book Mark to Mark gains. in my opinion share should be around mid 70s where the price at which director bought over 100,000 shares in last June.

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Re: CDB Community

Postby NC+ » Tue Oct 10, 2017 3:58 pm

CDB chart update (weekly)
Immediate Sup & Res @ 60 & 75. weekly candle in progress. Some odd trades were happen on last few days...
CDB.PNG
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Re: CDB Community

Postby SHARK » Tue Oct 10, 2017 4:13 pm

interesting chart ..... we see some turnaround in MACD.... can this continue.....
government policy is changing for the better IMO.
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Re: CDB Community

Postby SHARK » Tue Nov 14, 2017 12:33 am

Sell below 60 buy at CMP for a decent target.

if you want to wait till results to enter.

price looks a decent buy trading below 5PER.

possible MT target 10 to 15 rupees, in my view.
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Re: CDB Community

Postby prasa2004 » Tue Nov 14, 2017 5:14 pm

Super stuff by CDB
Amazing discount the counter is trading at almost 50% (NAV 119)

EPS 5.80 (4.22)
No pressure on Int as NII grown by 18%
NPL is negligible
Solid Cash Flow 477m (from 261 negative)

https://cdn.cse.lk/cmt/upload_report_fi ... 093958.pdf

Disc. Hld


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