BIG BREAKING NEWS:Q4 nos today

TOURISM FINANCE CORPN (TFCI)

TFCI set to report HIGHEST ever quarterly NP. *Q4 NP can be 23cr vs 3.25cr YoY, whopping 700%rise* More important, sharp improvement in Asset Quality as Nnpa may *nosedive to 2.5%*

TFCI is only NBFC engaged in finance exclusively for Hotel, Restaurant, entertainment, Tourism industry in India

IFCI promoter co holds 27% stake

*IFCI has decided to divest it's Entire 26% stake thru eAuction*

TFCI is cheapest NBFC considering the following:

C.A.R.                 37.82%

Book Value.     Rs 75

Equity               80.71cr

FY17EPAT.       77cr (conservative estimate)

Dividend.record.  18-20%

Borrowing Cost   8%

Yield.         13.83%

NIM.          5.83%

*Establishment Cost 3.5% of Gross Revenue*

_Only 30 empkoyees_ 6.70 cr salary bill on Revenue of 185cr

As per accepted norms, NBFC valuation (conservative) is *2xBook or 12xEPS*

TFCI valuations come:

BOOK VALUE (75)X2=Rs 150

EPS (10)x12= Rs 120

*Average of both= Rs 135*

_Big Financial Services companies like Edelweiss, Financial arm of Sun Pharma promoter, Spore based FII, IIFL , IBull group in fray for bidding_

Announcement from IFCI already made

eAuction will materialize in June 2017

eAuction will fetch MINIMUM Rs 140 bid for TFCI and  25 year old co which will rerated with private sector entrepreneur as promoter

Stock can be 250 in 18 months

Cheapest NBFC. Stock can be 120-125 in this week itself after Q4 nos are announced today

Buy NOW