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+23
smallville
කිත්සිරි ද සිල්වා
NIRMALSG
ruwan326
sanjulanka
Yin-Yang
xmart
Ethical Trader
Deegoda Gamage
HAL9000
Seyon
LSE
Leon
First Guy
nis2008
kass
Backstage
Hybrid
nihal123
pathfinder
chutiputha
HUNTER
yellow knife
27 posters
PLC.N0000 (People's Leasing and Finance PLC)
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
xmart- Top contributor
- Posts : 732
Join date : 2015-01-17
another octopus.. thanks YK +
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
PEOPLES LEASING & FINANCE PLC
Company ID: - PLC
Date of Announcement: - 27.May.2016
Rate of Dividend: - Rs. 0.50 per share / Final Dividend
Financial Year: - 2015/2016
Shareholder Approval: - Required
AGM: - 29.Jun.2016
XD: - 30.Jun.2016
Payment: - 11.Jul.2016
Share Transfer Book Open
Company ID: - PLC
Date of Announcement: - 27.May.2016
Rate of Dividend: - Rs. 0.50 per share / Final Dividend
Financial Year: - 2015/2016
Shareholder Approval: - Required
AGM: - 29.Jun.2016
XD: - 30.Jun.2016
Payment: - 11.Jul.2016
Share Transfer Book Open
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Most of the companies have declared higher dividends this quarter, but PLC's is going down.
Sounds any problem?
BTW: how could SDB be linked to PLC with just 4.6%?
If so, I would also be a big octopus with links to about 20 entities.
Sounds any problem?
BTW: how could SDB be linked to PLC with just 4.6%?
If so, I would also be a big octopus with links to about 20 entities.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
- Post n°55
Re: PLC.N0000 (People's Leasing and Finance PLC)
by Ethical Trader Sat May 28, 2016 5:28 pm
My reading of YK's chart reveals hat PLC owns 4.46% of SDB, not vice versa. Here, the octopus is PLC not SDB.
Yin-Yang wrote:Most of the companies have declared higher dividends this quarter, but PLC's is going down.
Sounds any problem?
BTW: how could SDB be linked to PLC with just 4.6%?
If so, I would also be a big octopus with links to about 20 entities.
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Oh! What I meant was; is 4.46% a big enough stake to show it as a tentacle. It rather looks like just a casual investment.
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
I think usual pattern preserved, PLC declared 0.50 around May , and 0.75 around December over the last years. In one annual report PLC management stated that their policy is to pay 40 % of earnings as dividends, so It is delivered as current year EPS is around 3, We would get 1.50 per year when annual EPS touches 4.0. Am I coreect ?Yin-Yang wrote:Most of the companies have declared higher dividends this quarter, but PLC's is going down.
Sounds any problem?
BTW: how could SDB be linked to PLC with just 4.6%?
If so, I would also be a big octopus with links to about 20 entities.
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
It is also worth to note that PLC usually trades at highet price/earning multiples than peers. In bear period it was around 7, and bullish period it comes close to 10 and above.We might see some significant upward movement if market finds the bull.
Yin-Yang- Posts : 1321
Join date : 2016-03-12
HAL9000 wrote:Yin-Yang wrote:Most of the companies have declared higher dividends this quarter, but PLC's .......
I think usual pattern preserved, PLC declared 0.50 around May , and 0.75 around December over the last years. In one annual report PLC management stated that their policy is to pay 40 % of earnings as dividends, so It is delivered as current year EPS is around 3, We would get 1.50 per year when annual EPS touches 4.0. Am I coreect ?
Yes, you're correct HAL. PLC is maintaining the same.
Thanks for the correction.
I see a slight downward earnings this quarter but do not see any unusual problem.
In fact, their divided rate is above average (near 7%) considering the ongoing market price.
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
Yin-Yang wrote:HAL9000 wrote:Yin-Yang wrote:Most of the companies have declared higher dividends this quarter, but PLC's .......
I think usual pattern preserved, PLC declared 0.50 around May , and 0.75 around December over the last years. In one annual report PLC management stated that their policy is to pay 40 % of earnings as dividends, so It is delivered as current year EPS is around 3, We would get 1.50 per year when annual EPS touches 4.0. Am I coreect ?
Yes, you're correct HAL. PLC is maintaining the same.
Thanks for the correction.
I see a slight downward earnings this quarter but do not see any unusual problem.
In fact, their divided rate is above average (near 7%) considering the ongoing market price.
yes, most probably dividends will be higher than current amount from next year onward if things go well. In previous thread YK highlighted that special features of PLC, It is in a steep growth phase after IPO, Is a good dividend payer and is attractive to traders as well considering the price movements within a year. PLC is also the market leader, with government related shareholding so that the stability. I can not think of another share with these all round features
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
- Post n°61
Re: PLC.N0000 (People's Leasing and Finance PLC)
by Ethical Trader Sun May 29, 2016 11:53 am
Yep.
Yin-Yang wrote:Oh! What I meant was; is 4.46% a big enough stake to show it as a tentacle. It rather looks like just a casual investment.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Ethical Trader wrote:Yep.Yin-Yang wrote:Oh! What I meant was; is 4.46% a big enough stake to show it as a tentacle. It rather looks like just a casual investment.
Yes 4.46% is not considered as a strategic decision when we look from accounting angle.
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What is an 'Associate Company'
An associate company is a corporation whose parent company possesses only a minority stake in the ownership of the corporation. An associate company is partly owned by another company or group of companies. The parent company or companies do not consolidate the associate company's financial statements. The parent company typically owns 20 to 50% of the voting shares; if more than 50% of the shares are owned by a parent company, it creates a subsidiary (where the parent company consolidates the financial statements). Typically, the parent company records the associate company's value as an asset in its balance sheet. Also called Associate.Read more: Associate Company Definition | Investopedia [You must be registered and logged in to see this link.]
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However when we consider Sanasa Development Bank's top twenty 4.46% is a worthy amount to secure a seat in its director board.
Even holding less than 4% PLC.N was the largest shareholder in 2013
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These are the reasons that made me to consider the position of PLC.N in SDB.
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Yes, Thanks YK; that's what I wanted to bring out and you did it nicely.
Besides, you had highlighted SDB in a different color as well for a reason I believe.
Besides, you had highlighted SDB in a different color as well for a reason I believe.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Yes I use colours carefully... PB owned I put in blue and PLC owned I put in Green.. and SDB is a platypus if I paraphrase Ben Barnanake.. Its a different animal which is a mamal an egg laying mamal... SDB ownership belongs to general public in real terms and to a family in hidden terms and somewhat similar to JKH...
I think now lets leave PLC thread for PLC and SDB, JKH are they really belong to general public or to a family is worth discussing in a separate thread...
I think now lets leave PLC thread for PLC and SDB, JKH are they really belong to general public or to a family is worth discussing in a separate thread...
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
Many Sri Lankan people trying to get into Bangladesh,(Recently LGL, Earlier SAMP had a subsidiary) which entered a rapid growth phase from a low base. It is a larger market than ours. Whole South Asia entering a golden era ! PLC conquered the Sri Lankan market as the leader and now extend it wings.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°67
Re: PLC.N0000 (People's Leasing and Finance PLC)
by yellow knife Mon Aug 01, 2016 11:40 am
PLC gets nod to merge with People's Merchant Finance..
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
yellow knife wrote:PLC gets nod to merge with People's Merchant Finance..
Did you see that it was on condition that they sell their property on Nawam Mawatha for a particular sum. Any idea on that ?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
This time we see a surprising declining trend in top line of PLC.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
PAT of PLC was improving over the period consistently.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
sanjulanka- Posts : 180
Join date : 2015-10-29
Thanks YK
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
Thanks,
PLC traded a bit higher multiples than the peers in the past as it is the market leader with government backed stability. Now PLC is trading at one of the lowest P/E multiples in the history after IPO. PLC might find its due position sooner than we expect
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
Financial Performance- Period ended 31 December 2018
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