Just saw this in the announcement section in Canfinhomes website.
http://canfinhomes.com/Announcements/160801013437_Notification-Appointment%20of%20Retired%20Officials%20on%20contract%20basis%20for%20Inspection%20and%20Audit.pdf
They are looking for retired officials that can conduct audit at different branches on a contract basis. That is a good news, I guess (about management policies)?
Edelweiss has come up with a research report and a price target of Rs. 1793 for Can Fin (https://www.edelweiss.in/research/First-Flash-Can-Fin-Homes-Ltd-/10007777.html)
Everybody is sitting tight I guess, hfc bring a stable business, there are very few variables to track and discuss, just sit tight, which is also not easy 
Cheers
I have more than 20% allocation to canfin thanks to the consistent out-performance 
A good 45% of my portfolio allocation is to Canfin. Theoretically i know it is very lopsided, however the fact is its worked for me on this pick. Iām certainly long on this.
it reached the target given by Edelweiss in less than 2 weeksā¦the stock still trading well below Repco and Gruh in terms for PE and PB
Dics: Invested in Canfin and Repco
Yes. I was thinking it was just about to hit the target price given by Motilaloswal (Rs.1550) and will re-trace. But it went way past that to touching distance of what Edelweiss had given.
Hsg fin cos to gain from RBI move to deepen bond mkt: Can Fin
Housing finance companies will benefit from the central bankās move to deepen the bond market which will result in lowering their cost of funds. One of the likely beneficiaries of the move Can Fin Homes expects a cost advantage due to the move.
Additional 5 percent allowed for funds to invest in housing finance companies in the paper will see demand from bond market, SK Hota, Managing Director of Can Fin Homes told CNBC-TV18. Thereāll be a cost advantage to companies like ours, he said, adding, that he expects liquidity to increase which will help faster growth in loan book.
Hota acknowledged that competition in the industry has increased but was quick to say that there is no threat from peers on the ground level as Can Fin Homes caters to a niche segment of salaried class customers in middle and lower income segment.
The company saw a 29 percent on-year loan growth in FY16. Hota said the companyās growth rate has stabilised at 28-30 percent since its inception in 2011-12 and he expects the company to maintain the growth rate going ahead.
While analysing CANFIN It came to my notice that out of all the HFC including HDFC only CANFIN has a positive operating CASH FLOW all the other peer companies have negative cash flow.
As I am confused about this , will request fellow learned and experienced knowledgable investors to put their valued inputs about this.
Looking at the key metrics everything in Canfin looks superior to repco but still lower valuationsā¦looks like this re-rating could continue till the valuation gap closes
Can fin performance has been much superior compared to Gruh or Repco which are being value significantly higher than Can fin .This valuation diff for sure is going to get reduced .On PEG ,though not the right valuation for a home finance company ,its trading at a discount to PEG of Nifty !
Repco is a market leader in Tamilnadu and some parts of S India. NIM is the highest in Repco with an impeccable track record hence the valuation gap with Canfin.
Talking about Canfin it is of course an excellent performer but there is a PSU shadow. Gruh has premier valuation due to its parentage and steady predictable boring performance
@Naman You said you are going to talk to a few people on ALM. Did you get any further information?
Disc - Invested.
Just noticed the dividend distribution policy document in the company website. The summary is as below. Can anyone explain the point "20% of paid up equity share capitalā? The paid up share capital would be 26.62 Crores, isnt it? Are they saying the dividend amount (excl. tax) will be max of that? But just this year, they declared Rs.10 dividend, which is exactly 26.62 Croresā¦
ā11. SUMMARY:
11.1 The management upon compliance to all the rules, guidelines and regulations as
detailed above in this policy may recommend to the Board of Directors the dividend at a
rate (exclusive of the dividend distribution tax or any other applicable taxes on dividend)
not exceeding the maximum of any of the following:
a) Dividend payout ratio of 20% (excluding taxes)
b) 20% of the paid up Equity share capital
11.2 While recommending such dividend the management will also take into account
dividends declared during the preceding 3 years.ā
Shareholding pattern as of 30th Sepā 2016 is published. Notable changes QOQ
1- Catamaran Management Services Pvt. Ltd. has reduced stake from 3.94% to 1.29%.
2- FIIs have slightly increased stake from .26% to .31%.
3- Total number of shareholders have increased from 30,267 to 33,814. YoY shareholders have increased by 29.75%.
More details http://www.bseindia.com/corporates/shpSecurities.aspx?scripcd=511196&qtrid=91.00&Flag=New
Cheers,
Krishna
Letās hope that the dividend distribution policy would be suitably amended to pay higher dividends next year.
Sometimes, I wonder why any mutual funds are not buying shares of Can Fin homes. I understand that the shares are not extremely liquid and large shareholdings are with blockholders like Canara Bank, Chattisgarh Investments, etc. But, Canara Bank declared that they want to sell at least part of their ownership and met many mutual funds and PE funds. Subsequent to this, I expected more institutional interest in CanFin Homes.
Hi Pranav, they have also mentioned āinterim dividendā in the policy document. So the max limit conditions may apply per dividend (interim / final). And like you, I too eagerly await canara bank to sell its stake. If it is to a big credible institution, then it will become a long term hold for me.
Can Fin Homes Q2FY17 net profit up 56%. Strong numbers (seems already factored in current price).
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