Channel check…most of the NBFC’s like DHFL,INDIABULL and many PSU banks virtually stopped disbursing home loan in my city…only HDFC,LIC HSG,GRUH and PNB HSG doing business as usual…moral of the story…strong ones will become stronger…infact they might outperform…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 here…got feedback from him…
Discl: Invested at around 1350/-
Which city is this ?
Nagpur,Maharashtra.'ll like to have feedback from other cities also…
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
PNB Housing Finance stake sale at an advanced stage and will be completed in FY 19 itself says Punjab National Bank
PNB Housing management contradicts above
However Punjab National Bank, the father of the child, has issued no such categorical denial. As per the statement of PNB to the exchanges, PNB has not rejected the news outright but the father will intimate the public about the groom only after culmination of the stake sale process. It is battle royal between Carlyle the favoured prince and BlackStone the challenger. Hope the share holders will have a grand feast in the open offer.
I trust that SEBI fillings are the authentic way to understand & believe future plans of management.
In such cases where we get quick SEBI filings, we need to follow them in order of release i.e. latest should be trusted and old filling should be discarded.
In this case of sale PNB issues filing & later PNB Housing Limited came up with update.
Having said, individuals are free to use them as per their own convenience as I feel free to read them in order of my preference.
I would rather see it as separate filings. PNB Housing has feigned total ignorance of what is happening. Statement of Punjab National Bank whose stake is being sold is the one which matters. PNB does’nt feign ignorance, but plainly refuse to give out the details. Since both the filings have the same date, none is to be discarded. However common sense indicates that PNB Housing is only a silent spectator and has no say in the stake sale process and hence the statement of Punjab National Bank is the one which matters.
How does any thing else matter but the earnings growth and ROE expansion over the next 5 years is the question that haunts me. The open offer will give some 15-20% premium , but that 15-20% will any way be made by the next year end whether the stake sale goes through or not. What happens if stake sale by PNB gets postponed by another few years- I think in that case it will never happen, because PNB would be out of woods by then and will not need to sell a good asset like PNB Housing. In essence- I see limited downside whether stake sale by PNB goes through or not.
Interview with Nitant Desai, Chief Operations and Technology officer of PNB Housing Finance.
PNB Housing Finance Ltd - 540173 - Outcome of Board Meeting
Considering the liquidity situation… this set of results look very strong…
Can anyone give me details about this loss?
Carlyle puts in bid to acquire PNB stake in housing finance business