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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » DIST Results

DIST Results

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1DIST Results Empty DIST Results Sat Mar 05, 2011 11:47 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Will DIST Group achieve more than 7.5 Billion for Profit for Financial Year 2010/2011

Profit After Tax for the 9 Months Ended 31.12.2010 3.247 Billion
Profit on Disposal LHCL ( Tax Free ) Approximately 3 Billion
Profit from the Quarter Ended 31.03.2010 ?

Also if the able to dispose the lanka bell as planned then he might get another capital gain as well?

2DIST Results Empty Re: DIST Results Sat Mar 05, 2011 11:58 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Gaja wrote:Will DIST Group achieve more than 7.5 Billion for Profit for Financial Year 2010/2011

Profit After Tax for the 9 Months Ended 31.12.2010 3.247 Billion
Profit on Disposal LHCL ( Tax Free ) Approximately 3 Billion
Profit from the Quarter Ended 31.03.2010 ?

Also if the able to dispose the lanka bell as planned then he might get another capital gain as well?

ven without the Capital gains just on their core business DIST I believe should do well with the coming quarter. I know the liquor taxes increased but usually when taxes go up prices of liquor goes up. People still drink + toiurism is expanding. Also after disposal of Lanka Bell ( not yet) , DIST might even be better position With capital gain added this is attractive.



Last edited by slstock on Sat Mar 05, 2011 12:09 pm; edited 1 time in total

3DIST Results Empty Re: DIST Results Sat Mar 05, 2011 1:40 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
@Gaja wrote:Will DIST Group achieve more than 7.5 Billion for Profit for Financial Year 2010/2011

Profit After Tax for the 9 Months Ended 31.12.2010 3.247 Billion
Profit on Disposal LHCL ( Tax Free ) Approximately 3 Billion
Profit from the Quarter Ended 31.03.2010 ?

Also if the able to dispose the lanka bell as planned then he might get another capital gain as well?

ven without the Capital gains just on their core business DIST I believe should do well with the coming quarter. I know the liquor taxes increased but usually when taxes go up prices of liquor goes up. People still drink + toiurism is expanding. Also after disposal of Lanka Bell ( not yet) , DIST might even be better position With capital gain added this is attractive.
It's expected more than 100% QoQ growth in 4Q with LHCL capital gain.

4DIST Results Empty Re: DIST Results Sat Mar 05, 2011 2:18 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
But LHCL capital gain is a one time gain, we have to look at more constant future gains as much as possible.. While we cannot think why Harry sold the LHCL holding, the sametime we should be mindful that he'll use this to buy any other counter or to top up the annual report with some extra cash to show the cash position of the DIST... Rolling Eyes

Anything is possible.. however, ppl will not give up drinking even the prices go up.. ;-)

We have to watch their next qtr results as well which I think will have some earnings growth due to tourists arrival and world cup..

5DIST Results Empty Re: DIST Results Sat Mar 05, 2011 2:37 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@smallville wrote:Anything is possible.. however, ppl will not give up drinking even the prices go up.. ;-)

We have to watch their next qtr results as well which I think will have some earnings growth due to tourists arrival and world cup..

Thats what I said above

"I know the liquor taxes increased but usually when taxes go up prices of liquor goes up. People still drink + toiurism is expanding."

6DIST Results Empty Re: DIST Results Sat Mar 05, 2011 3:55 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
DIST will record the most outstanding results in current financial year posted by a listed company in Sri Lanka.Approx-7.5 Bn After Tax.I think Lanka bell is being looked at by two or three investors (Indian/Malaysian/And a singporian )If it goes DIST will record another 3-5 Bn Capital Gain.

What DIST will do for this money ?They got 5.7 Bn from Government(SLIC shares) and 3.9 Bn from apollo sale.
Options

(1) To increase its stake in SPENCE.
(2) To venture money in Continential Insurance (I think it may have turn around in results )
(3) Invest in other areas which will bring business for them.(Private placements / or existing business expansions).

But DIST is a very wel managed company . nobody knows what they are eyeing at next.
EVEN THEIR TOP MANAGEMENT .Company desecions are highly confidential unlike all the other companies
So WAIT .SHAREHOLDERS WILL DEFINATELY REAP THEIR BEST HARVEST WITHIN 3-9 MONTHS.
GUD LUCK

7DIST Results Empty Re: DIST Results Sat Mar 05, 2011 4:00 pm

econ

econ
Global Moderator
Probably DIST may buy some profitable company.

8DIST Results Empty Re: DIST Results Sat Mar 05, 2011 5:38 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
@Monster wrote:
@slstock wrote:
@Gaja wrote:Will DIST Group achieve more than 7.5 Billion for Profit for Financial Year 2010/2011

Profit After Tax for the 9 Months Ended 31.12.2010 3.247 Billion
Profit on Disposal LHCL ( Tax Free ) Approximately 3 Billion
Profit from the Quarter Ended 31.03.2010 ?

Also if the able to dispose the lanka bell as planned then he might get another capital gain as well?

ven without the Capital gains just on their core business DIST I believe should do well with the coming quarter. I know the liquor taxes increased but usually when taxes go up prices of liquor goes up. People still drink + toiurism is expanding. Also after disposal of Lanka Bell ( not yet) , DIST might even be better position With capital gain added this is attractive.
It's expected more than 100% QoQ growth in 4Q with LHCL capital gain.

I had a drink when the first wicket fell today. Aussies are doing this over an over again . They do some thing intemtionally to upset the concentration of the batsmen, then get his wicket next ball. we were cought in this trap repeatedly. when are we going to learn? DIST will continue with this upward trend.

9DIST Results Empty Re: DIST Results Sat Mar 05, 2011 5:45 pm

jaya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
No body knows what HJ will do with this huge money, I hope invest in tourism sector, (BBH also under complete new construction which mainly belong to them) or may be power sector.

10DIST Results Empty Re: DIST Results Sat Mar 05, 2011 6:07 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Aamiable wrote:
@Monster wrote:
@slstock wrote:
@Gaja wrote:Will DIST Group achieve more than 7.5 Billion for Profit for Financial Year 2010/2011

Profit After Tax for the 9 Months Ended 31.12.2010 3.247 Billion
Profit on Disposal LHCL ( Tax Free ) Approximately 3 Billion
Profit from the Quarter Ended 31.03.2010 ?

Also if the able to dispose the lanka bell as planned then he might get another capital gain as well?

ven without the Capital gains just on their core business DIST I believe should do well with the coming quarter. I know the liquor taxes increased but usually when taxes go up prices of liquor goes up. People still drink + toiurism is expanding. Also after disposal of Lanka Bell ( not yet) , DIST might even be better position With capital gain added this is attractive.
It's expected more than 100% QoQ growth in 4Q with LHCL capital gain.

I had a drink when the first wicket fell today. Aussies are doing this over an over again . They do some thing intemtionally to upset the concentration of the batsmen, then get his wicket next ball. we were cought in this trap repeatedly. when are we going to learn? DIST will continue with this upward trend.

clown

11DIST Results Empty Re: DIST Results Sat Mar 05, 2011 6:19 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@jaya wrote:No body knows what HJ will do with this huge money, I hope invest in tourism sector, (BBH also under complete new construction which mainly belong to them) or may be power sector.


Oh I forgot that BBH deal... yes without going for new money then can easily use this cash for renovation.. smart idea Wink

12DIST Results Empty Re: DIST Results Sat Mar 05, 2011 8:00 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
will wait for the Annual Report, there he may indicate the direction they intended to go

13DIST Results Empty Re: DIST Results Sat Mar 05, 2011 10:56 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Gaja wrote:will wait for the Annual Report, there he may indicate the direction they intended to go

The way things are unfolding, which direction are they heading for is obvious.

14DIST Results Empty Re: DIST Results Sat Mar 05, 2011 11:01 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ShareShares wrote:
@Gaja wrote:will wait for the Annual Report, there he may indicate the direction they intended to go

The way things are unfolding, which direction are they heading for is obvious.

Well going on Consolidation Stage, but you can't predict his plans very easily, when he announced that he planned to dispose the LHCL at the level of 60/= when it is traded early 40/= most of us thought it was not achievable, but within a very short period of time he proved otherwise

15DIST Results Empty Re: DIST Results Sun Mar 06, 2011 7:45 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.sundaytimes.lk/110306/BusinessTimes/bt05.html

16DIST Results Empty Re: DIST Results Sun Mar 06, 2011 8:00 am

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:http://www.sundaytimes.lk/110306/BusinessTimes/bt05.html

Prospects after diversification seem to be improving, massive capital gains in recent times and the strong cash position would help diversified DIST further strengthening existing businesses and investing in new initiatives for more and more profits

17DIST Results Empty Re: DIST Results Sun Mar 06, 2011 8:30 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Aamiable wrote:
@Gaja wrote:http://www.sundaytimes.lk/110306/BusinessTimes/bt05.html

Prospects after diversification seem to be improving, massive capital gains in recent times and the strong cash position would help diversified DIST further strengthening existing businesses and investing in new initiatives for more and more profits

One thing to say is HArry J is one hell of a businessmen.

18DIST Results Empty Re: DIST Results Mon Mar 07, 2011 12:27 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
So far 1,436,300 shares traded

19DIST Results Empty Re: DIST Results Mon Mar 07, 2011 3:54 pm

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Just as much as JRJ was called the Cunning fox I think the contemprarary Harry is even more cunning he has amazing business acumen....from Appolo to now this LHCL I think no body though he would fetch 62 ....he will surely suprise all of us in the next few months with his plans....

This is a good pric to get DIST at not only are they profitable in their normal operations they are getting capital gain after capital gain....Lanka bell next (they are in two minds to sell though)

20DIST Results Empty Re: DIST Results Mon Mar 07, 2011 8:10 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:
@Aamiable wrote:
@Gaja wrote:http://www.sundaytimes.lk/110306/BusinessTimes/bt05.html

Prospects after diversification seem to be improving, massive capital gains in recent times and the strong cash position would help diversified DIST further strengthening existing businesses and investing in new initiatives for more and more profits

One thing to say is HArry J is one hell of a businessmen.

With the return of Union bank refunds CSE will have a good time ahead.

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