CBL Insurance IPO

[kiora]

I actually bought a few [more] CBL today and I am already three dollars something in profit on them!

This was after doing a revised valuation and coming up with a current value north of the share price, it came out, by coincidence, at three dollars something, but foolish me managed to delete the calculations instead of saving them.

More precisely I can remember that my one year forward value was three dollars thirty something.

Perhaps the most noticeable item in the results is the 'Foreign exchange translation adjustment' in the profit and loss which this year was a $9M8 loss and last year was a $3M9 profit (both pre-tax).

It would seem that we can expect potentially wild swings year on year purely as a result of currency movements.

Best Wishes
Paper Tiger

Thanks for update PT.Just looking at changes to shareholdings lately.4 traders http://www.4-traders.com/CBL-CORPORA...405978/company 219,677,168 shares /vs Nz companies
https://www.companiesoffice.govt.nz/.../shareholdings 235778031
Am I looking at same company?/OR How often does 4 traders update ???
Some reasonable volumes traded some days

[Snow Leopard]

Thanks for update PT.Just looking at changes to shareholdings lately.4 traders http://www.4-traders.com/CBL-CORPORA...405978/company 219,677,168 shares /vs Nz companies
https://www.companiesoffice.govt.nz/.../shareholdings 235778031
Am I looking at same company?/OR How often does 4 traders update ???
Some reasonable volumes traded some days

If you want an accurate current shares issued number then the NZX website is generally the best source.

So for CBL [https://nzx.com/markets/NZSX/securities/CBL] you will see three columns labelled Activity, Performance, Fundamental.

In the Fundamental column of the five rows, usually, the fifth, Shares Issued, is correct.

You can not rely on any of the other four columns at all.

Best Wishes
Paper Tiger

[macduffy]

Market was expecting a better result?

But relax, Chairman has bought another 25,000 shares on market.

.... and the shareprice back up 6.1% today.

[macduffy]

.... and the shareprice back up 6.1% today.

And a further 5.6% today to $3.40.

Can we conclude that last month's sharp fall was an over-reaction, caused, at least in part, by a too hasty analysis of the company's results? Or is that wishfull thinking on my part? I hold.

[BlackPeter]

And a further 5.6% today to $3.40.

Can we conclude that last month's sharp fall was an over-reaction, caused, at least in part, by a too hasty analysis of the company's results? Or is that wishfull thinking on my part? I hold.

Bought in last week for (just) under $3 on my brokers recommendation. So far quite pleased with my investment .

[Joshuatree]

Seems so. But also a vey schizo mkt atm with many stocks with good results being sold off , esp in the smaller caps. As a friend pointed out this selldown and PE compression starts in the smalls and can spread to the larger caps as a risk off sentiment spreads and volatility /mkt correction tensions mount.

[Snow Leopard]

Already back to my one year hence valuation of $3.3X - anything more is thus market irrationality .

Best Wishes
Paper Tiger

[Lola]

.... and the shareprice back up 6.1% today.

The recent gyration in the share price could have been avoided if the company had released the "supplementary"information when they should have namely with the substantive announcement of the result. Oh well it provided a nice little window for some.

[suse]

http://www.junoinvesting.co.nz/marke...ing-cbl?rq=CBL

[BlackPeter]

http://www.junoinvesting.co.nz/marke...ing-cbl?rq=CBL

Thanks for posting, interesting summary.