SCAP Community

User avatar
HobbyInvester
Member
Member
Posts: 207
Joined: Sat Jan 24, 2015 12:24 pm
Flag: Sri Lanka

SCAP Community

Postby HobbyInvester » Mon Jun 15, 2015 10:21 pm

SCAP Becomes very strong these days..
Why don't we discuss about this share??

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Mon Jun 15, 2015 11:55 pm

@HI

Transferred to Community Section
Price is what you pay. Value is what you get.”

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Tue Jun 16, 2015 7:48 am

Hobby Investor,

Yes it’s a timely post that you have started.

With all these developments happening at AAIC and CRL only few knows that the SCAP is the holding company of these two companies.CRL and AAIC are the best performing subsidiaries coming under SCAP.

Apart from listed subsidiaries there are another two subsidiaries under SCAP.

01. Softlogic stock brokers
02. Softlogic Assets management

Compare the performance of SCAP with other listed financial companies and take a decision.SCAP is a good investment at the moment and this will benefit from the new developments at AAIC as well.
You do not have the required permissions to view the files attached to this post.
Last edited by stocks hunter on Tue Jun 16, 2015 8:46 pm, edited 1 time in total.

new one
Member
Member
Posts: 50
Joined: Sat Apr 25, 2015 7:08 am
Flag: Sri Lanka

Re: SCAP Community

Postby new one » Tue Jun 16, 2015 7:53 am

Thanks expert .......

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Tue Jun 16, 2015 8:45 pm

Look at the relationship between SCAP & AAIC. This is extra ordinary and as per the history of the graph SCAP is now under performing to AAIC.
You do not have the required permissions to view the files attached to this post.

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Sun Jul 19, 2015 8:08 pm

SCAP will be a great share for next couple of weeks. Just look at the value appreciation for SCAP from its subsidiaries as at 31/03/2015 to close of trading on Friday.

Holding in CRL = 32,189,009 Shares (63.33%)

Value of CRL holding as at 31/03/2015 = Rs 999,256,540 (CRL price - Rs31.10*32,189,540)

Present value of CRL holding = Rs1,760,738,792 (Rs54.70*32,189,009)

Value appreciation for SCAP from CRL holding = Rs761,482,252 (Rs1,760,738,792 - Rs 999,256,540)

Holding in AAIC = 22,195,281 shares (59.19%)

Value of AAIC holding as at 31/03/2015 = Rs2,689,582,213 (AAIC price - Rs121.20 * 22,195,281)

Present value of AAIC holding = Rs4,834,132,201 (Rs217.80 * 22,195,281)

Value appreciation for SCAP from AAIC holding = Rs2,144,549,988 (Rs4,834132,20 - Rs2,689,582,213)

Total value appreciation from the investment = Rs2,906,032,240 (Rs2,144,549,988 + Rs761,482,252)

No of shares outstanding in SCAP = 688,160,000

Value gain/share = Rs4.22 (Rs2,906,061,286/688,160,000 shares)


SCAP was trading around Rs8.60 levels in November 2014. Then cam down and again went up to Rs8.20 and came down to Rs7.00 levels. What is most important here is the value appreciation SCAP is getting from its subsidiaries day by day.

Top 20 share holder owned 675,496,654 (98.16%) shares and others owned only 12,663,346 (1.84%)

Do your home work ....................properly and see.

:ymparty:

source - AR

(Holding cost has not taken in to account here. I considered only the value appreciation between 31/03/2015 - 17/06/2015)
You do not have the required permissions to view the files attached to this post.

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Sun Jul 19, 2015 9:49 pm

Dear SH

I think one should not consider holding cost, it is ok for analysis purpose.

simply because the golden rule is that one is suppose to invest in equities with money left in excess and not something that you would require in the foreseeable future.

so the underline theory is that whatever return you get is and should be considered as bonus :D

thats why all recommend you should invest with what you can afford to loose :)
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Sun Jul 19, 2015 9:51 pm

By the chart you posted look a technical trade at the break-out.
let me do a bit of further analysis on the chart also check the value :D
Price is what you pay. Value is what you get.”

IOSirisena
Senior Member
Senior Member
Posts: 371
Joined: Fri Jan 16, 2015 1:53 am
Flag: Botswana

Re: SCAP Community

Postby IOSirisena » Sun Jul 19, 2015 10:06 pm

Thanks Shark I am waiting tonight to see it if possible

User avatar
wmdcf
Senior Member
Senior Member
Posts: 1006
Joined: Sun Jan 11, 2015 10:49 pm
Location: Colombo
Flag: Malaysia

Re: SCAP Community

Postby wmdcf » Sun Jul 19, 2015 10:08 pm

Mewa dakkama gannamai hitheneee ... :D
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Sun Jul 19, 2015 10:16 pm

My argument is SCAP should trade around Rs10 levels by now and it is going to be a very good company for future since the value creation mostly comes from the AAIC and CRL and after all SCAP it self has its own business as well.

This share was trading around Rs8.50 levels and then came down to Rs7.0 levels. During last two months it generated a value of Rs4.22/share. So this is something to think about.

Am I wrong here or is market missing something? Still there's no end to the AAIC journey as well.

Waiting to see your tech graph as well SHARK.....

:-D
Last edited by stocks hunter on Sun Jul 19, 2015 10:35 pm, edited 2 times in total.

IOSirisena
Senior Member
Senior Member
Posts: 371
Joined: Fri Jan 16, 2015 1:53 am
Flag: Botswana

Re: SCAP Community

Postby IOSirisena » Sun Jul 19, 2015 10:23 pm

Dear wmdcf
Matath hithenne gannamai. Ova balala gaththa ayata weradila neha.

User avatar
wmdcf
Senior Member
Senior Member
Posts: 1006
Joined: Sun Jan 11, 2015 10:49 pm
Location: Colombo
Flag: Malaysia

Re: SCAP Community

Postby wmdcf » Sun Jul 19, 2015 10:32 pm

Shark, Can you please share a video or chart for this counter. ? Thanks.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Sun Jul 19, 2015 11:59 pm

stocks hunter wrote:My argument is SCAP should trade around Rs10 levels by now and it is going to be a very good company for future since the value creation mostly comes from the AAIC and CRL and after all SCAP it self has its own business as well.

This share was trading around Rs8.50 levels and then came down to Rs7.0 levels. During last two months it generated a value of Rs4.22/share. So this is something to think about.

Am I wrong here or is market missing something? Still there's no end to the AAIC journey as well.

Waiting to see your tech graph as well SHARK.....

:-D

I feel 7.10 was a good price to enter ...... could have minimized the Cost of investment :D
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Mon Jul 20, 2015 12:15 am

Very Interesting calculation i came across on SCAP.

Had you bought SCAP at the highest price @8.80 based on the Chart 10 shares min in order to obtain 13 new shares @3.40, your weighted cost would be exactly 5.70/5.80 which was the LOWEST point for SCAP :D (after RIGHTS announcement)

Had anyone done that calculation should have bought/accumulated around 5.70/5.80 or even @Rs6

He or She would be sitting around 26% Capital Gain as of now :)

Shark :D
Price is what you pay. Value is what you get.”

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Mon Jul 20, 2015 6:32 am

SHARK,

I think something wrong in your calculations about the rights issue. SCAP declared the rights issue in March 2014 @ Rs3.40/share (10 for 13 shares) These shares came to the mkt on 22/05/2014. The lowest traded price after the rights issue was Rs3.60 on May 2014. After that this went up to Rs8.70 levels on November 2014 with very high volumes. The traders and most of the investors would have sold their entitlements during that period coz it went up from Rs3.60 levels to Rs8.70levels within a very short time period(6 months). As the result of the presidential election fever and for a technical correction this came down to Rs5.70 levels in April 2015. Since the share was at a over sold position again it started to go up and peaked around Rs8.20 and again for a minor correction came back towards Rs7.10 levels.

After that only the AAIC and CRL drama came to scene.Now with out doing anything during this short period of time(2 months) value of SCAP has appreciated by Rs4.22 as per my calculation which is not reflected by the share price. Hence I strongly believe there should be immediate price appreciation on SCAP during next couple of days.

Your thoughts SHARK........... or any body...
You do not have the required permissions to view the files attached to this post.

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Mon Jul 20, 2015 1:48 pm

Thanks SH ...yes sorry for the mistake.

I feel 7 would be the price to enter. if possible :)

looks a nice base between 6.50-8.50.
Entry @7 give you a risk of 50c for a possible target to Rs10
Price is what you pay. Value is what you get.”

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Mon Jul 20, 2015 8:04 pm

Strong foundation is the key to success of the future growth. Nice collection going on and will take off at any unknown time,which is getting closer day by day.

:D
You do not have the required permissions to view the files attached to this post.

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Tue Jul 21, 2015 7:27 am

More than 50% of the shares traded yesterday were grabbed by the foreigners. Now this is a very good sign and this is the second time within a very short period foreigners grabbed this share.

:D
You do not have the required permissions to view the files attached to this post.

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Tue Jul 21, 2015 3:19 pm

If Market stays RANGE bound, its quiet possible we could get in @ extreme reversal for most of stocks
Price is what you pay. Value is what you get.”

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Thu Jul 23, 2015 6:46 am

SCAP will have a run with the AAIC tomorrow simply not because of anything else but for the great value that the AAIC has already created for SCAP's bottom line.

Better to have a closer look for SCAP and this has well equipped to break the Rs8.50 levels i near future.

Just look the trading pattern,volume increasing over the past couple of days.

:-D
You do not have the required permissions to view the files attached to this post.

stocks hunter
Co - Admin
Co - Admin
Posts: 3544
Joined: Fri Feb 20, 2015 8:03 pm
Flag: Sri Lanka

Re: SCAP Community

Postby stocks hunter » Sun Jul 26, 2015 9:52 am

Softlogic Capital bounces strongly in 2014/15

Softlogic Capital PLC., incorporated as Capital Reach Holdings Ltd. by former Central Bank Governor Ajith Nivad Cabraal in April 2005 and subsequently acquired by the Softlogic Group which changed its name, has returned a superior performance in the year ended March 31, 2015 boosting revenue 20% to Rs 9.95 bn. and profit after tax 153% to Rs. 782 mn. from the previous year’s Rs. 309 mn.

But the highly capitalized company which concluded a 13 for 10 rights issue at Rs. 3.60 a share increasing its stated capital to Rs. 2.88 billion during the year under review has been unable to pay a dividend to its shareholders.

The company which controls the financial services business of the Softlogic Group is however upbeat about its future prospects given its estimation of the high potential of financial services in Sri Lanka’s economy.

Softlogic acquired Capital Reach in August 2010 and the shares of the company were listed on the Dirisavi board of the Colombo Stock Exchange in September 2011. This company is now the financial services sector holding company of the Softlogic group.

According to the Company’s recently released annual report Softlogic Capital’s portfolio of financial services comprised Softlogic Finance PLC., a licensed finance company, Asian Alliance Insurance PLC., an insurer licensed for life insurance by the Insurance Board of Sri Lanka and Asian Alliance General Insurance Ltd., licensed for general insurance by the Insurance Board as well as Softlogic Stockbrokers (Pvt) Ltd., a stock broking company licensed and operating on the CSE.

Softlogic Capital PLC is licensed by the Securities and Securities and Exchange Commission (SEC) as a market intermediary under the ‘investment manager’ category.

Softlogic’s investment strategy has focused on the most promising sectors likely to benefit from the country’s growth, and the financial services sector is one area that we see has huge potential based on the increasing per capita values, Mr. Ashok Pathirage, chairman of the company has said in Softlogic Capital’s annual report.

He noted that insurance expansion and penetration in the country is relatively low standing at 1.05% in 2014 with 0.45% penetration for life and 0.06% for general insurance. This compared with insurance penetration in the whole of Asia at 5.18% with 3.56 for life and 1.62% for general insurance.

"At Asian Alliance Insurance we are capitalizing on these prospects and are happy to report that life premiums for the company grew by 21% for 2014 and continued with the same momentum into the first quarter of 2015," Pathirage said.

"Asian Alliance Insurance PLC., is ranked fifth in the industry and has so far concentrated its business almost entirely on protection products. We see huge potential for life business and are planning on diversifying our product range."

He said that they had adopted a clear technology backec strategy in general insurance and is aiming at "providing unparalleled and unrivalled customer convenience." Their focus will be directed to the motor and health classes of insurance and will synergize with the Softlogic retail channel for distribution and Asiri Hospitals for healthcare.

"Our MOU with Apollo Hospitals, India that establishes the ‘Asian Health Alliance’ will ensure that our customers have the best choice of health care options whether local or overseas," Pathirage said.

Discussing Softlogic Finance, he said that they had coped with continued volatility related to impairment from leasing and hire purchase products and had made a timely change to focus on SME loan products where there is immense potential to grow based on speed of execution and delivery.

The company’s deposit base had increased by 30% to exceed Rs. 12 bn. which was the highest recorded increase in the Non-Banking Finance Institution (NBFI) sector, he said.

Pathirage also said they had transformed Softlogic Stockbrokers into "a winning proposition" on the back of favourable market conditions and the company had "stormed into third place" in the industry recording a turnover of Rs. 63.3 bn. and commanding a market share of 8.9%.

"With excellent client coverage and extensive research capabilities, the company has a strong focus on the foreign sector and sees enormous business potential tied to a strong based economy," Pathirage said.

He concluded by confidently stating that the group’s Financial Services Sector "is fully primed and in a great position to benefit from Sri Lanka’s growth.We have invested heavily in upgrading our teams, acquiring the infrastructure and building our brands which we also see as doing our part in developing our country’s future."

The company’s Managing Director, Mr. Ifthikar Ahamed, said that Asian Alliance insurance had delivered an extraordinary year recording gross written premiums of Rs. 4.9 bn., up 16% from a year earlier, while the bottom line saw an impressive profit of Rs. 705 mn. up 22% from the previous year’s profit of Rs. 576 mn.

Softlogic Finance had "stormed its way through impairment turbulence" and delivered a profit of Rs. 216 mn., up 31% from the previous year, he said. The total assets of the company was up 10% to Rs. 20 bn. from Rs. 18 bn. the previous year.

Ahamed reported that Softlogic Strockbrokers that was totally revamped had risen dramatically in their league recording a turnover of Rs. 225 mn for the year and a profit of Rs. 63 mn. against a turnover of Rs. 42 mn. and a loss of Rs. 13 mn. the previous year.

Their stock broking team has a keen focus on foreign business and one of the best research teams delivering outstanding works importantly institutional and high-net-worth clients, he said.

Softlogic Capital has a stated capital of Rs. 2.88 bn. and a reserve of Rs. 73.66 mn. It’s available for sale reserve is Rs. 31.5 mn. and retained earnings Rs. 509.9 mn. Total Assets ran at Rs. 32.85 bn. and total liabilities at Rs. 26.73 bn.

Earnings per share had grown to Rs. 0.72 from Rs. 0.20 the previous year for the group and Rs. 0.32 for the company from a loss of Rs. 0.36 per share the previous year.
Softlogic Holdings is the controlling shareholder of the company owning 73.11% though two accounts followed by ARC Capital (10.22%), Melstacorp (5.81%) Rosewood (Pvt.) Ltd., (5.41%) and WDNH Perera ( 1.49%).

The Softlogic share traded at a high of Rs. 8.80 and a low of Rs. 3.60 during the year under review against a trading range of Rs. 7.20 to Rs. 3.10 the previous year.

The director of the company are Messrs. A K Pathirage (Chairman), T M I Ahamed (Managing Director), R J Perera, WL P Wijewardena, Mr. A M Pasqual, Ms E Wickramaarachchi and Mr. H Premaratne

http://island.lk/index.php?page_cat=art ... tle=128867

Jasmine
Senior Member
Senior Member
Posts: 285
Joined: Sat Jan 17, 2015 11:48 am
Flag: Sri Lanka

Re: SCAP Community

Postby Jasmine » Tue Aug 11, 2015 7:43 pm

PAT increased by 127 % compare to same quarter in 2014.

http://www.cse.lk/cmt/upload_report_fil ... 300354.pdf

User avatar
wmdcf
Senior Member
Senior Member
Posts: 1006
Joined: Sun Jan 11, 2015 10:49 pm
Location: Colombo
Flag: Malaysia

Re: SCAP Community

Postby wmdcf » Tue Aug 11, 2015 9:24 pm

Thanks Jas.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: SCAP Community

Postby SHARK » Tue Aug 11, 2015 10:10 pm

Thanks Everyone .... very nice pattern formation :D
Price is what you pay. Value is what you get.”


Return to “Communities”

Who is online

Users browsing this forum: No registered users and 9 guests