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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LGL quarterly results

LGL quarterly results

5 posters

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1LGL quarterly results Empty LGL quarterly results Thu Oct 27, 2011 5:49 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

http://www.cse.lk/cmt/upload_report_file/1020_1319710668791.pdf

It seems EPF invested in highly overvalued share while there are plenty of undervalue shares in the market.

2LGL quarterly results Empty Re: LGL quarterly results Thu Oct 27, 2011 6:59 pm

Dahamcse

Dahamcse
Equity Analytic
Equity Analytic

So better hopes in next week

3LGL quarterly results Empty Re: LGL quarterly results Thu Oct 27, 2011 7:11 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It says everyone wins on the first page! LOL!

4LGL quarterly results Empty Re: LGL quarterly results Thu Oct 27, 2011 7:52 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

For six months period..............

Revenue is Rs. 4.4 Billion
Net profit is Rs. 403 Million
EPS = Rs. 1.04
NAPS = Rs. 15.17

Therefore annualized PER = 18.75 {39/(1.04*2)} as at 27.10.2011
Price to book ratio = 2.57 {39/15.17}

Since market PER is around 16 this is bit overvalued. However it is a pretty good share which has good future prospects. When market turns green I personally think this is one of those shares that will start moving up quickly.

5LGL quarterly results Empty Re: LGL quarterly results Thu Oct 27, 2011 8:10 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Yes, Current P/E of LGL is 18 according to above annulaized figure, and EPF bought this at 48.

We saw Laughs holdings which is the mother company of LGL later bought some LGL from market below 40 rupees by showing the asshole to the EPF fund managers.
In a way investing strategy of both LGL and EPF are kind of same, as LGL bought 1 million of GRAN at 250.

By the way, They suppose to build a 4 star hotel in Chilaw according to the IPO prospectus. Does any one know whether it's started or the IPO money stucked in GRAN they bought at 250

6LGL quarterly results Empty Re: LGL quarterly results Thu Oct 27, 2011 9:25 pm

Niwa


Moderator
Moderator

Disappointing!

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