Author Topic: IFSL -- Invest & Finance Securities Limited  (Read 4392 times)

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Offline Koolfire

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IFSL -- Invest & Finance Securities Limited
« Reply #-1 on: July 31, 2014, 09:45:28 AM »
  IFSL | Invest & Finance Securities Limited | Material Information

http://kse.com.pk/newsattachment/056106.pdf

"To seek approval of Members, through Special Resolution, for purchase/buy back, under and pursuant to the provisions of Section 95A of the Companies Ordinance , 1984 and the Companies (Buy-Back of Shares) Rules, 1999, upto a maximum of 20,009,790 Company's own issued ordinary shares of the nominal value of Rs. l0/- each at a purchase price of Rs. 20/- per share within a period of sixty days from the date of approval/passing of special business/resolution."

company is buying its own shares and last year it the same.

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IFSL -- Invest & Finance Securities Limited
« Reply #-1 on: July 31, 2014, 09:45:28 AM »

Offline Koolfire

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Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #2 on: August 17, 2014, 08:51:47 AM »
company free float was 15 million share on 31-dec-2012 now same has been reduced to 3.5 million as on 30-06-2014 which will be further reduced after current share buy back. company looks good and earning per share will rise by 100 % as capital is being reduced by 50 % in share back.
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Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #3 on: September 29, 2014, 10:02:42 PM »
paid up capital reduced by 50 %
http://kse.com.pk/newsattachment/057777.pdf

which will increase earning per share
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Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #4 on: February 14, 2015, 09:07:15 AM »
« Last Edit: February 14, 2015, 09:10:00 AM by Koolfire »
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Offline Koolfire

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Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #6 on: April 23, 2015, 07:51:01 PM »
interim Dividend  Pkr 7.5  cash 75%

http://kse.net.pk/newsattachment/065405.pdf
« Last Edit: April 24, 2015, 09:35:58 PM by Koolfire »
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Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #7 on: April 24, 2015, 09:53:22 PM »
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Offline tigermcs

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #8 on: April 25, 2015, 10:40:46 PM »
kindly recommend to buy it at this level

Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #9 on: May 26, 2015, 10:19:06 PM »
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Offline sAr

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #10 on: May 27, 2015, 11:17:01 AM »
It sure is going into competent hands. Mr. Muzammil Aslam is a leading Economist of the Country having his own Consultancy Company. With huge experience of Capital Markets he will surely handle the company well. All the best for him and his company

Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #11 on: July 15, 2015, 11:00:04 PM »
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Offline tigermcs

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #12 on: July 26, 2015, 04:49:30 PM »
Any good dividend expected from its BM? it has a solid Upper CAP on friday

Offline Koolfire

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Offline Koolfire

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Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #15 on: November 08, 2015, 06:50:30 AM »
Not every so often does the ownership of a brokerage house change hands in Karachi.

More unusual is a change in the ownership of a brokerage that is not only a going concern, but also a listed entity that pays handsome dividends to its shareholders.

The latest of such few-and-far-between transactions is the acquisition of Invest & Finance Securities (IFS). One of the few listed brokerage houses in Pakistan, IFS had a new board of directors effective November 3 after a group of acquirers, led by veteran stock market analyst Muzammil Aslam, bought the majority stake in the company.

Broke-raging clients: KSE writes to brokerage house, wants investors’ requests met

What sets apart IFS from other brokerages of the country, according to Aslam, is its status of a listed entity, history of impressive pay-outs, and clean record in terms of the regulator’s penalties and warnings.

The transaction

Halima and Sohail Dayala owned 15.6 million shares, constituting 78% of total paid-up capital of IFS. They sold their stake to the group of six acquirers led by Aslam for Rs13.67 per share. This translates into a deal that is worth roughly Rs213.4 million.

Aslam now owns 18% shareholding in IFS. Along with the new chief operating officer Asim Ali who owns a 7% stake, the duo now has management control of IFS. With the rest of the four acquirers, they control 78% shareholding between them. Remaining 22% shares constitute the free float of IFS on the Karachi Stock Exchange (KSE).

KSE suspends brokerage firm’s operations

So is the figure of Rs213.4 million truly reflective of the going rate for a majority stake in a typical, mid-size KSE brokerage house? The answer is negative, according to Aslam.

In a recent interview with The Express Tribune, he said a run-of-the-mill brokerage licence should cost a lot less than the price tag that he had negotiated with the Dayalas.

The proverbial ‘card’

The sale and purchase of the brokerage licence, which is often referred to as the ‘card’ in common parlance, is expected to gather pace in the next few years. With the upcoming integration of the three stock exchanges into a single Pakistan Stock Exchange (PSE), brokers of Lahore and Islamabad exchanges will automatically become Trading Right Entitlement Certificate (TREC) holders of the PSE.

Karachi Stock Exchange has a great fall

It means the establishment of the PSE will increase the number of brokers on the bourse currently known as the KSE. It is in this backdrop, Aslam says, a KSE TREC currently costs somewhere around Rs4-5 million.

But the real value of a KSE brokerage lies not in TREC, but the accompanying shareholding of the KSE.

There are 200 brokers of the KSE, and each of them controls four million shares in the bourse. Although current brokers of Lahore and Islamabad exchanges will become brokers of the PSE free of initial cost, they will not gain any shareholding in the KSE as a consequence of the integration of the three bourses.

Market watch: Probe into broker affairs sparks selling on bourse

Therefore, TREC along with the KSE shareholding is currently worth at least Rs45 million.

“We did not just buy the card… we bought the whole company, which owns the trading rights on the KSE and Lahore bourse. It has commodities brokerage business and is actively involved in money market and foreign exchange market,” Aslam said while explaining the reasons for the price he paid for IFS.

“Getting your company listed on the KSE alone may cost up to Rs50 million these days,” he said, adding the listed status of IFS also hiked up its price tag.

Way forward

As its chairman and CEO, Aslam plans to focus on the brokerage business of IFS initially. He says the retail clientele of IFS consists of more than 2,000 customers. It is also on the panel of at least 100 institutional clients, he says.

“We have no exposure in foreign business for now, but we have already begun (cultivating) our relationships,” he noted.

IFS is not currently disseminating stock market research. Aslam has already started hiring people for its research department. “I am allocating Rs1 million monthly budget for research alone,” he said, adding the house will soon re-commence its investment banking operations.

http://tribune.com.pk/story/986567/transaction-brokerage-house-acquired-for-rs213-4m/
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Offline sAr

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #16 on: November 09, 2015, 10:37:19 AM »
Muzammil Aslam, the new CEO has every capability to turn around the company into good fortune. He will bring good business with him. Expect excellent earnings going forward

Offline Koolfire

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Re: IFSL -- Invest & Finance Securities Limited
« Reply #17 on: February 12, 2016, 11:07:08 PM »
Invest & Finance Securities Limited   Half Year   Feb 22nd, 2016 04:00 PM
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Offline rsuleman

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Keep an open mind to new ideas. But, ALWAYS do your own homework and use common sense to figure out what's best in your situation.

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