GLAS has relesed thier 2nd Q result(relesed date 18/10/2011)

ABEST

ABEST

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GLAS has released their 2nd Q result with profit

http://www.cse.lk/cmt/upload_report_file/666_1318930768030.pdf

Niwa

Niwa

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good improvement in both NAPS and EPS. This would be the story of most of companies in the coming weeks.

tkc

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Can quarter reports turn around the market???
Suspect

Dahamcse

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When will be the LGL report release

WildBear

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This is a good example, one person was saying in another thread few weeks back that growth of CSE is over and most of the companies reported only one off capital gains.

Now it's obvious that with coming financial results most of the good counters in CSE will become more and more undervalued.

Sudarshen

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This should surely be a good news. Lets see what would be the Glass sale tomorrow. I'm sure that it will run.

cse.alpha

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Highest quarterly profit in at least past 3-4 years by GLAS

2Q fy12 net profit up 54% yoy and 72% qoq to 242 mn rupees, and all from core operations

quarterly eps of 26 cents

lokuayya

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impressive ,we can project more than 1 rupee eps . a growth company with good and monopoly like business.i like this.

light

light

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They are also expecting a one time income with their land in rathmalana. No news update on this yet but it will support their finances in the future.

aya

aya

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http://forum.srilankaequity.com/t10766-value-investing?highlight=value+investing

GLASS This particular stock has done well in the last quarter by maintaining their operating margin, more specially the company has generated 463Mn cash flow from operating activities.. The company is expected to minimize the further exposure to bank borrowings and thereby reducing their exposure to finance cost... Even the company still can borrow money from the bank for expansion due to low interest rate available in the market comparing to the previous years we had high interest rates.. The main cost of production is expected to come further down by using the advantage prevailing in the world economy.. There will be more good news will come from this stock in the future... In addition the company has been managed well by the top officials and the company is looking opportunities in New markets, new products, New developments in the country, favorable economy & global market (Specially in Energy cost), Resources availability etc... Does anyone know they are continuously investing in new projects and they have the capacity to do so...

Hawk Eye

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GLAS Shows improvements Qtr to Qtr.

In the Annual report chairman states that the qaulity of Export mix changing towards higher vaue added products. they are entering in to highe value adde segmnts of liquor and beverage market. Therefore can expect the GP margin to improve further apart frpm the points highlighted by @aya above.

The famous customer brands they serve includes "Barcadi".last financial year revenue was contributed with a 30% positive growth in domestic market. their local customer base includes all local beverage cusomers and beer brands. North and East markets will increase the demand for the bottles. Growth from International markets yet to come.

the Administration cost includes technicl fee paid to Prrimal Glass Ltd- India for the technical advise and administration provided according to an agreement entered. As per the agreement if PBIDT is 30% or over the amount payable as technical fee is 5% else 12.5% on bottle turnover. If PBDIT drops wht kind of a effect the bottom line will have not known?

In 2007/08 the Company moved its production faciliy from Rathmalna to Horana. and Rathmalana land has been classified under investment Property due to undetermined future use. The fair value of the land is 700mn.

senthilvel and Alnakib nt in the current shareholder list. lets see what happens when the market goe up

bakapandithaya

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I dont think this result will affect the current mkt price.

srilankanmarket

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Yes Your Right Sadly the market moves up for all the wrong reasons. Anyways on the long run this share is a good one and a keeper as well.

I feel that in December the price would move up to like 10-11. Which is low but better than the present situation.

I hope to get rid of the lot soon.
We'll have to wait and see. Smile

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GLAS has relesed thier 2nd Q result(relesed date 18/10/2011)

1 GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 5:16 pm

ABEST

2 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 5:28 pm

Niwa

3 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 5:38 pm

tkc

4 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 5:47 pm

Dahamcse

5 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 6:30 pm

WildBear

6 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 7:24 pm

Sudarshen

7 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 8:40 pm

cse.alpha

8 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 9:08 pm

lokuayya

9 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Tue Oct 18, 2011 9:50 pm

light

10 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Wed Oct 19, 2011 9:37 am

aya

11 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Wed Oct 19, 2011 3:11 pm

Hawk Eye

12 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Wed Oct 19, 2011 5:24 pm

bakapandithaya

13 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011) Thu Oct 20, 2011 10:03 am

srilankanmarket

14 Re: GLAS has relesed thier 2nd Q result(relesed date 18/10/2011)

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