TFCIL - tourism finance corp ltd.

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Topic: TFCIL - tourism finance corp ltd.

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Market Maniac
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Joined: 22/May/2010
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Posts: 245

Posted: 24/Jun/2010 at 12:19pm

Value buy at CMP

might become the PFC / REC of Tourism sector

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hit2710
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Joined: 15/Jun/2009
Location: India
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Posts: 4013

Posted: 26/Jul/2010 at 1:38pm

TFCIL Q1 FY 11 RESULTS

SALES 20.62 CR VS 16.58(q1 fy 10)
NP 7 c vs 5.84 cr(q1 fy 10)

qtrly eps at 0.87 vs 0.72

Steady growth of 20%

Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.

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Market Maniac
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Joined: 22/May/2010
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Posts: 245

Posted: 29/Aug/2010 at 4:55am

Hugely undervalued at CMP

When Net NPA = 0

then if a financial trades below book then basically the market is saying that bad loans will shoot in the future which will lead to higher provisioning and thereby reduction in Networth.

Somehow I dont have any reason to believe that TFC's Bad debts will show any extraordinary jump because its credit growth has been very moderate.

Important question is that is this co. an Infrastructure Finance Institution ?

If so, then it will hugely reduce its cost of funds.

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excel_monkey
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Joined: 17/Nov/2009
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Posts: 1281

Posted: 10/Dec/2010 at 6:33am

watch the tu tu mai mai video of TFCI head with IFCI head (the 37% shareholder in TFCI) on moneycontrol

I don't think IFCI would allow this company to gain scale

the video would also give you an insight into egos of PSU honchos

http://www.moneycontrol.com/video/business/tfci-ifci-spat-over-board-seat-wheresfight-headed_502410.html

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hit2710
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Joined: 15/Jun/2009
Location: India
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Posts: 4013

Posted: 11/Dec/2010 at 1:12pm

IFCI has been mopping up shares from the markets since almost three quarters. Seems like something is cooking.

Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.

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Market Maniac
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Joined: 22/May/2010
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Posts: 245

Posted: 09/Feb/2011 at 1:38am

TTM PAT = 39Cr.

MCap = 214Cr.

PE - 5.5x

Div. Yield = 4.6%

P/BV = 0.65x

This when Net NPA = 0

CAR > 50%

Crazy Valuations

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hit2710
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Joined: 15/Jun/2009
Location: India
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Posts: 4013

Posted: 04/May/2011 at 3:47pm

Originally posted by excel_monkey

watch the tu tu mai mai video of TFCI head with IFCI head (the 37% shareholder in TFCI) on moneycontrol

Things seem to be heading for a showdown. EGM called on 18 May to remove the non IFCI directors from the board.

at cmp of around 27 this looks low risk moderate return buy with div yield in excess of 4%.

Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.

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rapidriser
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Joined: 18/Nov/2007
Location: India
Online Status: Offline
Posts: 966

Posted: 04/May/2011 at 6:44pm

Originally posted by hit2710

My advice would be to stay away. The track record of IFCI top management in managing IFCI does not inspire confidence. This one is likely to be one of those cheap cos which will remain cheap forever.

When all else is lost, the future still remains. - Christian Nestell Bovée

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