PNB housing has come up with a newspaper campaign in my place, offering housing loans with step up EMI, where repayment becomes larger as the salary increases. This is a brilliant move by the management stealing the thunder from the Piramals who started this novelty. Advertising at this time, when others have stopped giving loans, only shows that when the going gets tough, the tough get going. However my phone calls to the local branch (phone numbers which were available in their website) were not being picked up or called up later.
If PNB housing increases its ROE, next year, it will give a tremendous spurt in share price, as a 1% rise in ROE leads to a manifold rise in share price.
This is a brilliant move by PNB HFā¦ if they are able to manage the risk well, this could virtually guarantee an ever increasing income for the companyā¦
The only hiccup here is that the client is eligible for a huge loan upfront as he will be paying only a small emi to start off with. If it leads to a default especially in the initial years, it can be very painful to the company in terms of recovery.
Q2 result
Investor Presentation
Media Release:
Might be a stupid question but could someone pls answer this query? As at June 30, 2018 the book value per share was INR 411.1 per share and it is INR 413.2 per share as at September 30, 2018. What explains the meagre growth in book value in spite of a healthy profit growth?
Possible reasons
1-Some bad loans (for which company might have already provisioned money) which were still sitting on the balance sheet as on 30th June might have been taken out of the books as on 30th Sep. ( This is most usual reason).
2- High depreciation (very unusual for finance company).
Cheers,
Krishna
Looks like point 1 is true here, if you listen to the interview above Sanjay mentions a few builder accounts which were NPAs have been moved out.
Carlyle group (QIH) withdraws from joint stake sale process. We have been informed vide communication dated 13th November, 2018 received from PNB that āPNB will continue to independently pursue and proceed with the sale of its shareholding in part or full to strategic/ financial investors through a competitive bidding process in PNBHFL.ā Earlier, we have received a joint communication dated 13th November, 2018 received from PNB and QIH that āQIH has decided to withdraw from the joint sale process. As a financial investor QIH will however continue to consider all options with respect to its shareholding in PNBHFL including re-starting the sale process (whether jointly or independently) depending upon market conditions amongst other factors. Further, QIH may as a public shareholder also consider purchase of additional stake in PNBHFL or participate in a potential sale process as a buyer as appropriate at its sole discretion and subject to applicable laws. PNB reserves its right to evaluate alternatives around its shareholding in PNBHFL.ā
Channel checkā¦most of the NBFCās like DHFL,INDIABULL and many PSU banks virtually stopped disbursing home loan in my cityā¦only HDFC,LIC HSG,GRUH and PNB HSG doing business as usualā¦moral of the storyā¦strong ones will become strongerā¦infact they might outperformā¦check in your cities and post feedback.
Hey who did you ask for this information ? Did you contact the branches of these companies?
My close friend is a DSA of several NBFCs & some banks hereā¦got feedback from himā¦
Discl: Invested at around 1350/-
Which city is this ?
Nagpur,Maharashtra.'ll like to have feedback from other cities alsoā¦
Interview of Sanjaya Gupta. No demand slow down. Pnb housing will replicate the performance for many quarters to come in the future.
Home sales surge 40% in 9 months to sept on government policy reforms: JLL data