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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Keep your eyes on ODEL.N

Keep your eyes on ODEL.N

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41Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Sat Oct 08, 2011 10:13 pm

Thushara Ayya


Vice President - Equity Analytics
Vice President - Equity Analytics
35,36,37 I think good price.

42Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Sat Oct 08, 2011 11:03 pm

Roboticfx


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

43Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 4:28 pm

Hawk Eye


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
ODEL starting out as a single company has grown over the years and has 15 stores with its flagship store in Alexandra place, and was operating successfully by carving a niche in the market. If I am not mistaken the target customers were high end local and foreigners. ODEL has transcended now to a top tourists visiting place and will benefit from the tourist boom in coming days. The strategic position of its store in Alexandra place was the key to attract this segment. Therefore the store location is very important for their revenue generation and attracting the target customer.
Dont know how some of the stores will contribute to this strategy specially areas like Panadura, Wattala, Kiribathgoda and Ja-ela are famous for value retailing. Average person in Sri lanka will find the items in ODEL retail store expensive. Even the low budget tourists from Asian Countries find it very expensive.
Despite all these, ODEL Revenue shows a robust growth quarter to quarter, and will improve further from the new stores if it starts to generate the expected revenue . But it depends on how much square feet area it adds on and how much Revenue/sq ft it generates.
Comparing the last two years financial reports Gross Profit margins are around 36% and net profit are around 6%. The more store they open they have to ensure that each store generate enough sales and ROI to maintain the overall profitability. They will have to keep on refurbishing and upgrading each store within reasonable time frame, Keep on advertising and promoting to attract the same customers visiting the store to see something new. Apart from these ODEL plans overseas expansion.
The firm opened a fashion accessories store for women in Singapore last year with more overseas outlets planned and also plans to enter the Maldives and India. LBO 7Jun 2010
So far things for ODEL looks fabulous and all depends on how they grow and manage in future
Chairman Ruchi Gunawardene statement conflicts with good corporate governance practices
“Whilst the strategic direction of the company has always been set by Otara, the challenge for the rest of the Board members was to assimilate that and add value to her vision.”

The Board should be balanced and should ensure that no individual or group of directors has unfettered powers of discretion. The board of directors provide mix of knowledge, skills and experience therefore has to be a collective decision.
ODEL group encompasses 5 subsidiaries, and investment in subsidiaries amounts to 389Mn. Out of this 270Mn invested in 2010/11 in ODEL lanka pvt Ltd whose principal activity is to operate a shopping complex and retail mall, and do not know whether they have commenced operation. The proceeds from IPO 250.5mn entirely used for this.
Proceeds from Interest bearing borrowings shows 695mn in cash flow statement apart from IPO proceeds, and still showing a negative cash flow of 342 mn for the year. The total Interest bearing loan as on the balance sheet 2010/11 is 930 mn. The finance expenses for the last 02 years stands around 67Mn per annum means they have to stabilize and grow.
Lets see what they can deliver this qtr
Good luck

44Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 5:20 pm

bakapandithaya


Vice President - Equity Analytics
Vice President - Equity Analytics
@Roboticfx wrote:
@ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

Hiiiiiiiii, why you say so? wait & see. ODEL will move very fast than you think. wait & see

45Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 5:24 pm

Roboticfx


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@bakapandithaya wrote:
@Roboticfx wrote:
@ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

Hiiiiiiiii, why you say so? wait & see. ODEL will move very fast than you think. wait & see

yeah! sudden upward can be expected! Very Happy

46Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 5:36 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
Coz, this week this may pass 40, i collected a lot, some ...................... ??? Sorry, i cant tell the reason, those who can collect, that's what i can tell,

47Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Mon Oct 10, 2011 9:15 am

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Roboticfx wrote:

ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

Hiiiiiiiii, why you say so? wait & see. ODEL will move very fast than you think. wait & see


difference between ODEL and rest of the shares is, it is quite strong in 32-35 levels. unlike other shares. most of the shares re over-valued and some shares falling down without a proper stop point. so wat im sayin is risk of a particular share falling down has a minimum risk...

This situation is not special for ODEL only. All shares were like this. Smile

when u making a statement , think more than u think u know.. and be bit advance and also learn to look different angels of shares.. look for the company reputation, growth, P&L, B/S , share price R&S etc etc...

example : LOLC recommended by X broker at 130 levels sayin thats da minimum this share can reach for sure but it went down to 92.

48Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Tue Oct 11, 2011 4:18 pm

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
Otara will play in December/January.. Please collect and see...

49Keep your eyes on ODEL.N - Page 3 Empty Re: Keep your eyes on ODEL.N Fri Oct 28, 2011 7:24 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Will ODEL start running according to above predictions

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