PAP.... Pan Asian Power PLC & Dividend Payout Ratio

seyon · 1 PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 10:49 am

seyon

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High dividend payout ratio..... ( Extract from Prospectus)

Before the IPO...

2009/10 EPS Rs.255..... DPS Rs.135 Div pay out ratio 53%
2008/09 EPS Rs.311..... DPS Rs.173 Div pay out ratio 56%

See other companies Dividend payout Ratio For 2009/10

VLL 2009/10.... EPS Rs.3.22 DPS Rs.1... 35%
VPEL 2009/10 .... EPS Rs.0.53 DPS Rs.0.25... 50%
HPWR 2009/10 ... EPS Rs.2.12 DPS 1.3 --- 60%
HPFL 2009/10 ( Nodata)

Hence We could expect high dividend payout ratio from PAP for 2010/11....

look at its earnings

Pan Asian Power - For 6 Months ( 30th Sep) ----45,159,110
Manelwala For 6 Months ( 30th Sep) ----- 6,421,291
Total For 6 Months ( 30th Sep) - ---51,580,401

3rd & 4th quarter Expected Profit -----70,000,000

Total -----121,580,401

Issued qty ------500,000,000

Annualized EPS ------ Rs.0.24

Current MKT Price ------ Rs.4.00

PE ------- Only 16 times

When you look at the other companies in power sector

VLL- 23 Times http://www.bloomberg.com/apps/quote?ticker=VLL:SL
HPWR -19 Times http://www.bloomberg.com/apps/quote?ticker=HPWR:SL
VPEL - 17 Times http://www.bloomberg.com/apps/quote?ticker=VPEL:SL
HPFL - 23 Times http://www.bloomberg.com/apps/quote?ticker=HPFL:SL

Happy Trading...

Last edited by seyon on Mon Mar 21, 2011 8:14 am; edited 2 times in total

TuskerLK

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but those dividends were prior to IPO..

Max

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You maybe right...But I dont like these kind of posts personally....A bit too agressive I would Say....
You are on the margin of speculation.....
I have noticed similar postings by you on another forum too.....
I hope you dont mind me saying to tone down a bit....

Anyway its up to the people , their money, their risk, their returns ......
Peace cheers

duke

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I didn't get it.
2009/10 EPS Rs.255..... DPS Rs.135 Div pay out ratio 53%

So for Rs. 4 share they paid Rs. 135?

TuskerLK

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Nope Duke, they have given a massive share split prior to the IPO as usual...

Rocky

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Await increases in the cost of sales for power and less price increases sale of power.
The candle burns at both ends for these power companies!!

StocksWatch

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hybrid_OS wrote:Await increases in the cost of sales for power and less price increases sale of power.
The candle burns at both ends for these power companies!!

Could you please explain how you anticipate an increase in cost of sales? Thanks.

seyon

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Max wrote:You maybe right...But I dont like these kind of posts personally....A bit too agressive I would Say....
You are on the margin of speculation.....
I have noticed similar postings by you on another forum too.....
I hope you dont mind me saying to tone down a bit....

Anyway its up to the people , their money, their risk, their returns ......
Peace

Hi Max

I just do posting my findings..... Since every one expect dividend from companies in March, when compare to other companies PAP dividend payout ratio is very much attractive in the past...

Today we could see buying pressure at Rs.4.... If they comeout with Rs0.20 / share is very attractive at current price level....

I do not recommend anybody to buy or sell shares... I just telling my views....

Happy Trading

Monster

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I never studied PAP before. If PAP is trading at PER 16, I feel HPWR is more attractive than PAP. HPWR is trading at PER 11 according to the market price. Currently they have 4.6 MW of hydro power connected to the grid. Further 2.4 MW is under construction, which is supposed to be completed by end of this year. So, more revenue could be expected.

Please note that I am not holding any HPWR shares at the moment.

seyon

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Monster wrote:I never studied PAP before. If PAP is trading at PER 16, I feel HPWR is more attractive than PAP. HPWR is trading at PER 11 according to the market price. Currently they have 4.6 MW of hydro power connected to the grid. Further 2.4 MW is under construction, which is supposed to be completed by end of this year. So, more revenue could be expected.

Please note that I am not holding any HPWR shares at the moment.

Yes Monster

Yes HPWR also very much undervalued counter @ current price... It wen up to Rs.43, When it was at Rs.30 Level I was telling the both stock to watch... HPWR gone up Rs.44 and PAP gone Rs.4.9...

Now there is upward momentum in both stocks... will hoe the mkt will react...

U cal click this link..
http://forum.srilankaequity.com/t814-what-about-papn

Happy Trading

Gaja

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60 MILLION shares got crossed at 4.50

Monster

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Gaja wrote:60 MILLION shares got crossed at 4.50

It's more than 10% of the total no of shares.

shaankh · 13 Thanks Fri Mar 18, 2011 1:49 pm

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Thank you seyon
I like your postings and those are very rational.

seyon

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Gaja wrote:60 MILLION shares got crossed at 4.50

Yes... Will see who is the buyer and seller......

Gaja

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http://www.cse.lk/cmt/upload_cse_announcements/4221300446756_.pdf

xmart

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Gaja wrote:http://www.cse.lk/cmt/upload_cse_announcements/4221300446756_.pdf

oh hooo...
where to heading this damn PAP. one director bought 7 Mn shares @4.90. then again some one bought 60 Mn @4.50. still no sparkling news or result.

I just wonder.. will see...

xhora

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Interim Financials are out.. Looks like Seylons predictions about Earnings are correct

http://www.cse.lk/cmt/upload_report_file/1040_1305283513.pdf

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PAP.... Pan Asian Power PLC & Dividend Payout Ratio

1 PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 10:49 am

seyon

2 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 11:15 am

TuskerLK

3 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 11:19 am

Max

4 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 11:23 am

duke

5 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 11:26 am

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6 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 11:51 am

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7 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 12:06 pm

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8 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 1:08 pm

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9 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 1:22 pm

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10 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 1:31 pm

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11 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 1:44 pm

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16 Re: PAP.... Pan Asian Power PLC & Dividend Payout Ratio Fri Mar 18, 2011 10:21 pm

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