Future of NAMU.N

sachkann · 1 Future of NAMU.N Tue Mar 22, 2011 8:02 pm

sachkann

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Hi
am a newcomer to this forum and i have NAMU shares with me. at the moment am having a huge loss from this one. Will this pass 135/= again? Rolling Eyes

Rajitha · 2 Re: Future of NAMU.N Tue Mar 22, 2011 8:15 pm

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http://colombostockwatch.com/wp-content/uploads/2011/02/NAMU-new.pdf

smallville · 3 Re: Future of NAMU.N Tue Mar 22, 2011 11:46 pm

smallville

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NAMU is trading at a discount as per my studies..ANd I've been avg it since 120.. may be u've got a chance for the same..
If ur interested, u can refer the following post I made;
http://forum.srilankaequity.com/t1744-rich-namu-kgal-all-in-one-value-analysis?highlight=rich

mark · 4 Re: Future of NAMU.N Tue Mar 22, 2011 11:53 pm

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http://forum.srilankaequity.com/t1106-namunukula-plantations-namu-stronger-earnings-through-crop-diversification?highlight=NAMU#6925

Rajitha · 5 Re: Future of NAMU.N Wed Mar 23, 2011 12:37 am

Rajitha

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mark wrote:http://forum.srilankaequity.com/t1106-namunukula-plantations-namu-stronger-earnings-through-crop-diversification?highlight=NAMU#6925

Nice to see the places where and how I have gotten negative rep at Smile

smallville · 6 Re: Future of NAMU.N Wed Mar 23, 2011 8:51 am

smallville

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RAjitha in that thread u talked abt AGAL as well, but my analysis said AGAL's current price is in line with revenue growth with losses it made. Unlike KGAL & NAMU where we've seen hi growth and PAT; Pls check the below, would like to have ur view..

PAT after removing of other income;

31.12.2010 – 65.25 Mn
30.09.2010 – 51.93 Mn
30.06.2010 – (33.26) Mn (other income was high hence added to the existing loss)
31.03.2010 – 22.56 Mn

Last 04 quarter earnings = 106.48 Mn
No. of Shares (stated) = 25 Mn
EPS = 4.26

Plantation Sector PE - 24.3;

Due to AGAL's exposure to Tea which can be affected from wage hike, uncertainity, etc... lets take Fair Value of sector PE as a 50% discount to normal value which is 12.15, hence if we calcualate taking this as the fair sector PE;

Fair Share Valuation = EPS 4.26 x PER 12.15 = Rs. 51.76/- level.
Current Share Price = Rs. 80/-

Company's announced EPS for 12 months = 6.22
Hence Fair Share Valuation = EPS 6.22 x PER 12.15 = Rs. 75.57/- level.

However; if we position AGAL to Plantation Sector PE - 24.3, with the EPS of 4.26
it would arrive at 103.52.
And at the company announced EPS of 6.22 would take it to 151.15 level.

Even though its Ruber + Oil Palm.. we'll have to wait till their next 2qtr results to see where this heading..

Opinions pls..