CDB Community

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SHARK
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Re: CDB Community

Postby SHARK » Thu May 12, 2016 3:21 pm

cdbn.png


Looks ok to BUY 85 now.
require short pullback :ymparty:
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Re: CDB Community

Postby SHARK » Thu May 12, 2016 3:22 pm

13%+ UP from Last LOWS 75/- Feb 2016 Post.
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Re: CDB Community

Postby SHARK » Thu May 12, 2016 3:23 pm

My Target is Long term around 150Rs.
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Re: CDB Community

Postby IOSirisena » Fri Jun 03, 2016 1:45 pm

CDB posts exceptional results with over Rs 1 bn PATJUN 02 2016

The Citizens Development Business Finance PLC (CDB) reported exceptional financial results for FY 2015/16, with a profit after tax of over Rs 1 billion.
The entity’s impressive track record in sustainable financial performance has built a robust and resilient foundation that has enabled the Company to be fearless and holistic in its approach.
This was well evidenced in the recognition it received from the Ceylon Chamber of Commerce which placed CDB among the Ten Best Corporate Citizens of 2015 and the winner in the Below Rs 15 bn revenue category, two feats that were added to the ever increasing kudos that CDB continues to collate. CDB Managing Director and CEO Mahesh Nanayakkara said CDB has affirmed its strong presence even more with this year’s results. “CDB’s reputation as a financial entity that has continued to be consistent in its financial performance is well demonstrated in the impressive milestones we notched this year. The Balance Sheet surpassed the Rs 50 bn mark, detailed at Rs 50.6 bn and reflecting a growth of 33%, positioning CDB among the largest NBFIs in the country.”
He said profit after tax too showcased a remarkable upward trajectory, positioning itself beyond the Rs 1 bn milestone, which is a growth of 43%. Revenue is recorded at Rs 7.5 bn, inclining 8%.
Net interest income is recorded at Rs 3 bn, which is an increase of 7%, while impairment charges and disposal deficits are Rs 399 mn, reflecting a reduction of Rs 281 mn or by 41%. The Loan Book recorded a growth of 31% standing at Rs 38.5 bn The narrowing of net interest margins from 8.0% to 6.9% in comparison to last year was a result of the conscious strategy adopted by CDB to change the composition of the lending mix.
The direct positive outcome of this strategy has been that both gross and net Non-Performing Loan ratios reduced from 5.8% to 3.6% and 3.2% to 1.6% respectively, which resulted in the reduction of impairment charges. The deposit base grew by 14% to be posted at Rs30.8Bn, while debt funding, which became the main source of funding, heralded a growth of Rs 7.5 bn, an increase of an impressive 156%. Cost to income ratio stood at 57.58%
Total equity surpassed the Rs 5 bn mark, while Tier I and Tier II in the Capital Adequacy Ratios stood at11.72% and 11.74% respectively, well above regulatory requirements.
The liquidity ratio at 20.04%too was above the regulatory requirement level. 91% of assets are in interest bearing regular cash flow generating investments including the asset backed loan book consisting of 76% of assets. Profit before VAT on Financial Services, NBT and the crop levy is notched at Rs1.43 bn, stipulating an incline of 36%, where profit before income tax stands at Rs 1.25 bn. This an increase of 32%. Return on Equity recorded 21.78%, while Earnings Per Share stands at Rs 18.51 The Net Book Value per share is now Rs 93.03 as per the balance sheet date.
CDB’s specialized leasing subsidiary, changed its name to Unisons Capital Leasing Ltd (UCL) during the year. CDB fully subscribed to the rights issue announced by UCL during the FY 2015/16 investing Rs 82.1mn at Rs 10.50 per share, which increased CDB’s stake in UCL to 90.38%.
For this financial year, UCL contributed Rs 15.6 mn towards the Group’s consolidated results. Judging by the positive trends already experienced, we expect UCL to make a significant contribution to the Group’s bottom line in the coming years.

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Re: CDB Community

Postby SHARK » Fri Jun 03, 2016 8:23 pm

As pointed in my earlier post CDB @85 now.
RSI should see slightly lower towards 30/20 levels for a better entry.
However no harm to pursue @85 first LOT.

CDBn.png
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Re: CDB Community

Postby Chaminda » Tue Jun 07, 2016 5:50 pm

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC
Company ID: - CDB
Date of Announcement: - 07.Jun.2016
Rate of Dividend: - Rs. 3.50 per share (Voting & Non-Voting) /First & Final Dividend
Financial Year: - 2015/2016
Shareholder Approval: - Required
AGM: - 30.Jun.2016
XD: - 01.Jul.2016
Payment: - 12.Jul.2016
Share Transfer Book Open

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Re: CDB Community

Postby SHARK » Thu Jul 28, 2016 7:34 am

Not so bad performance with 24% better than last year
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Re: CDB Community

Postby SHARK » Thu Jul 28, 2016 7:36 am

With all the negatives about economic factors against this country most corporate seemed to have better results so far.
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Re: CDB Community

Postby SHARK » Sat Aug 20, 2016 5:23 pm

cdbw.png


Here is another ....

cdb.png
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Re: CDB Community

Postby SHARK » Sat Aug 20, 2016 5:25 pm

Weekly chart indicates a strong reversal to the upper side.
MACD positive divergence and RSI below 50..... Could hav ebought when RSI was around 35 CDBN @77 then :)
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Re: CDB Community

Postby SHARK » Fri Sep 02, 2016 3:34 am

cdb.png
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Re: CDB Community

Postby roshana7549 » Fri Sep 02, 2016 7:14 am

Thanks Shark for the above chart, I m also eyeing on this share for some time...... Currently I hold only few shares....

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Re: CDB Community

Postby SHARK » Fri Sep 02, 2016 11:34 am

I recommend to accumalate based on recent Chart.
CMP is 79 and however if we can get in @75.50 would be great :D
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Re: CDB Community

Postby GB » Fri Sep 02, 2016 10:23 pm

Buy below the CMP is a good opportunity and don't know why investors are ignoring this share.

Dear Shark, could you please explain how do u get target price as Rs100. Is it your professional judgement or arrive through TA theory.

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Re: CDB Community

Postby SHARK » Fri Sep 02, 2016 10:33 pm

Good Boy wrote:Buy below the CMP is a good opportunity and don't know why investors are ignoring this share.

Dear Shark, could you please explain how do u get target price as Rs100. Is it your professional judgement or arrive through TA theory.
Hi GB based on the Chart, we could safely arrive at 1st Target Min 100/- *-:)
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Re: CDB Community

Postby SHARK » Fri Sep 16, 2016 9:21 pm

cdb.png
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Re: CDB Community

Postby sashimaal » Fri Sep 16, 2016 9:46 pm

Thanks Shark!

Many financial shares were on heavy collection recently :-? :D
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Re: CDB Community

Postby SHARK » Fri Sep 16, 2016 10:01 pm

LFIN VFIN CDB and LOLC are at attractive levels.
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Re: CDB Community

Postby SHARK » Mon Sep 19, 2016 12:52 pm

tvc_c8ebe750046ffae2d4d97243b00d9b7e.png
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Re: CDB Community

Postby SHARK » Mon Sep 19, 2016 1:43 pm

CDB N and CDB NV are trading value wise closer to each other.

RI in 2011 had 70 and 45 respectively.
So Non Voting Shares have had significant Gain over Voting Shares.
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Re: CDB Community

Postby PAT » Mon Sep 19, 2016 7:45 pm

Volume pressure from industry pessimism : HOLD

"CDB reported a flat bottom line of LKR 218mn for the quarter due to low volume growth, increased cost of funding and higher staff costs. CDB disbursed LKR 1.3bn per month during Q1 FY17, lower than our expectation of LKR 2.0bn. The non bank financier is heavily concentrated on retail vehicle market (77% on motor cars and three wheelers) compared to top tier peers. The stock is currently trading at a deep discount to the market (YTD CDB price drop 19.4% vs. ASPI drop of 5.8%) due to industry pessimism. The stock has been historically trading at a PBV band of 0.8x indicating the volatilities in the retail vehicle financing industry. CDB currently trades at 0.7x forward book with a forecasted ROE of 15.1% (cost of equity - 16.6%). The non-voting discount has deeply narrowed to 5% currently from 10% and 15% in FY 16 and FY 15. While we expect the current woes in the industry coupled with rising rate climate to be challenging, diversification to commercial vehicle financing and other non vehicle loan products would be a rerating catalyst. We reiterate HOLD."

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Re: CDB Community

Postby SHARK » Mon Sep 19, 2016 8:41 pm

I am wary of the pattern. This looks different to other similar shares.
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Re: CDB Community

Postby Xmart » Mon Sep 19, 2016 9:19 pm

Well, thanks for the comprehensive chart Shark

In my opinion, CDB is a perfect Contrarian Investment share at the moment. in weekly chart it is making a descending triangle on the base 75. Since overall ASI still remain bullish we can expect CDB to bounce at 75 support but highly unlikely to break recent high of 90 since there are plenty of shares for sale around 80 level. even if ASI break the medium term bullish trend and head toward 6250, value of the counter doesn't change.

in 2015 Q4 CDB ESOP TRUST FUND had 12.5M shares but they have distributed the amount among employees. directors bought 677,927 shares since Jan 2016. there might be a good percentage of employee who understand the value of their company and not willing to sell at this prices, but there are quantities to be disposed around 80. this is another GRAN play, but worrying factor is that CDB is not like GRAN, CDB shares were distributed among vast number of employees.

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Re: CDB Community

Postby ck+ » Tue Sep 20, 2016 8:53 am

Thanks x for the clarification. But I have a silly question. When shares like cifl give 100% return within 2,3 days, why should we stuck share like cdb for years to take about 50% return?
Anyway I also hold little amount of cdb :D

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Re: CDB Community

Postby SHARK » Tue Sep 20, 2016 9:59 am

ck+ wrote:Thanks x for the clarification. But I have a silly question. When shares like cifl give 100% return within 2,3 days, why should we stuck share like cdb for years to take about 50% return?
Anyway I also hold little amount of cdb :D


Its all about risk appetite. Investment is an art, one can make profit out of casino type investment and also can wipe you out within minutes. Timing also plays important role.
Your hard earned money deserves better choices when it comes for investments.
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