Bimputh Finance -30 June 2015

http://cse.lk/cmt/upload_report_file/1067_1437028161680.pdf

Quiet an amazing performance. The Profit after tax for the quarter ended June is Rs. 135.2 million compared to Rs. 11.3 million last year. This is an increase of 1087%.
Even VFIN's last quarter PAT is Rs. 120 million and BLI surpasses it despite having lower number of branches.

The interest income for last quarter is Rs. 387 million compared to Rs. 92 million last year. This is an increase of 320%

How this is possible without much advertising? I feel something fishy. The owner of Bimputh Finance Daya Gamage is a strong UNP person and is a Minister and UNP National organizer. This might have helped the company to get loans from government banks at a very cheap rate and lend it to customers at a higher rate. This is simply my guess only.

BLI shot up nearly 10/= within 2 days.

Do you mean to say that all this happened after 08th of January ?

I'm not sure but looking at the number of branches, past performance and the brand name it's suspicious.

Just speculative. Thanks.

Future123 wrote:I'm not sure but looking at the number of branches, past performance and the brand name it's suspicious.

Just check under liabilities due to banks and other institutions. The amount due is Rs. 3.775 billion in June compared to mere Rs. 529 million last year.

Under assets loans and advances increased from 1 billion to 4 billion.

This clearly shows BLI has borrowed a huge sum of money and lend it to the customers. Should be at a very low rate to achieve this profit margin.

Technically Yes.
The question is, is it illegal ?

Future123 wrote:Just check under liabilities due to banks and other institutions. The amount due is Rs. 3.775 billion in June compared to mere Rs. 529 million last year.

Under assets loans and advances increased from 1 billion to 4 billion.

This clearly shows BLI has borrowed a huge sum of money and lend it to the customers. Should be at a very low rate to achieve this profit margin.

BLI was simply rocking. Had a fantastic time with it. Seems the run will continue for a while and not much sellers were there.

I like BLI since this belongs to Daya and Anoma Gamage. Therefore, RW or RK will not attack BLI. Had to sell a little to clear some credit but holding a lot.

I think this will further go up closer to the sub division date.

Next one to watch is SFL. Daya Gamage is one of the major shareholders through BLI.

Note: This is just my personal view. This is overvalued fundamentally and do your analysis before making a buy / sell decision.

Future123,

I am happy if you are in profit.
But do me a favor and not promote BLI to give any idea this is a good investment ( to new people) anymore.

Can it go up higher until someone desides to dump.

Current price is manipulated to 2011 level and is not worth half as much on present fundamentals.

Future123 wrote:BLI was simply rocking. Had a fantastic time with it. Seems the run will continue for a while and not much sellers were there.

I like BLI since this belongs to Daya and Anoma Gamage. Therefore, RW or RK will not attack BLI. Had to sell a little to clear some credit but holding a lot.

I think this will further go up closer to the sub division date.

Next one to watch is SFL. Daya Gamage is one of the major shareholders through BLI.

Note: This is just my personal view. This is overvalued fundamentally and do your analysis before making a buy / sell decision.

Well technically it can even touch 170 but RSI is high now.
Last time BLI didnt go down even if RSI is high, it surprised me many times by going up even with a higher RSI. I bought this at 43-45 and sold ard 60-63.
Asked a friend to buy a lil bit ard 90 and to sell yesterday.

This is going up with thin volumes, whether the ASI is green or red, it goes up.. Anyways this is not an investment but a day or swing trading opportunity.. As long as there are ppl to push this, it will.. With sub-division, it's price may be kept to 90s again.

is daya and anoma taking over from u know who

I hope some paid attention to the below.
It was pushed to Rs 165 , but ended up at Rs 130 today ( Rs 20 down today)

Did what I could to warn.

slstock wrote:Future123,

I am happy if you are in profit.
But do me a favor and not promote BLI to give any idea this is a good investment ( to new people) anymore.

Can it go up higher until someone desides to dump.

Current price is manipulated to 2011 level and is not worth half as much on present fundamentals.

Future123 wrote:BLI was simply rocking. Had a fantastic time with it. Seems the run will continue for a while and not much sellers were there.

I like BLI since this belongs to Daya and Anoma Gamage. Therefore, RW or RK will not attack BLI. Had to sell a little to clear some credit but holding a lot.

I think this will further go up closer to the sub division date.

Next one to watch is SFL. Daya Gamage is one of the major shareholders through BLI.

Note: This is just my personal view. This is overvalued fundamentally and do your analysis before making a buy / sell decision.

Future123 wrote:BLI was simply rocking. Had a fantastic time with it.  Seems the run will continue for a while and not much sellers were there.

I like BLI since this belongs to Daya and Anoma Gamage. Therefore, RW or RK will not attack BLI. Had to sell a little to clear some credit but holding a lot.

I think this will further go up closer to the sub division date.

Next one to watch is SFL. Daya Gamage is one of the major shareholders through BLI.

Note: This is just my personal view. This is overvalued fundamentally and do your analysis before making a buy / sell decision.

Cleared my BLI with good gains. Bought some SFL at 18 just 2 days back. Hoping to clear on Monday. I already mentioned about SFL a few days back when it was 18/=. Now the price is 22.60 and no sellers are there.

Caution: These are somewhat speculative shares and play only if you are confident. Don't buy when it's running. I'm safe as I bought at the bottom and already SFL gave me 25% return within a few days. But now it's risky to enter. I don't hold them too long and would clear them within a few days.

If u bought sell those craps