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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » MTD WALKERS PLC (KAPI.N0000)

MTD WALKERS PLC (KAPI.N0000)

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shiranffs


Stock Analytic
Stock Analytic
Hi Seyon,

Do u think kapi would go beyond 100 before end of february?

thanks

22MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Thu Feb 03, 2011 8:59 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi shiranffs

Yes It easily will hit Rs.100 with in a short period. They would go for some foreign collaboration and planning to acquire construction venture. Hence we could see massive growth in this stock in coming quarters....

I am on process of studying KAPI future growth and plans... Once i get I ll update...


Do more study on KAPI

23MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Thu Feb 03, 2011 5:57 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi CSE1

See the KAPI performance. Today also there is no sellers... This highlights the company's growth...

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@shiranffs wrote:Hi Seyon,

Do u think kapi would go beyond 100 before end of february?

thanks

Hi shiranffs

When you analyze the recent articles, which would highlights KAPI new development after rights... You could last day there were no sellers @ Rs.77.. It could easily pass Rs.100.. based on the new development strategy and growth in financial results It would pass Rs.150...

Here are new developments....

MTD Walkers to be one-stop shop for hydropower plant solutions
Hydropower is a minimal emission, low-cost source of energy that provides consistent, reliable generation which can be quickly adjusted to meet the various needs of the electric grid. With the surge in hydropower generation in Sri Lanka, MTD Walkers Projects announced the one-stop-shop concept for mini hydropower companies in the country. In partnership with the world’s largest hydropower company, the Andritz Group, MTD Walkers is poised to take on the supply of new turbines, the rehabilitation of existing hydropower plants and the supply of generators for new power plants, the company said in a statement.

"There is an untapped potential in offering turnkey solutions to small hydropower providers that we can replicate as a high-volume, profitable package," says Tulsi Wallooppillai, Director Infrastructure Development at MTD Walkers Projects. "We are the only company in Sri Lanka that can provide this total solution for hydropower power plants in Sri Lanka."

The Andritz Group is a globally leading supplier of plants and services for the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria, and operates over 120 production sites, service and sales companies all around the world. The Group has, over the years, taken over many of the world’s famous names such as GE Hydro, Sulzer-Elcher Wyss, Voest MCE, Elin and Kvaerner making it the world’s largest supplier of turbines, generators and systems integrations.

MTD Walkers Projects, a subsidiary of the MTD Walkers Group, is the sole agent for the Andritz Group in Sri Lanka. Having worked on previous power stations providing turbines and generators for Polpitiya, Kotmale, Victoria, Randenigala, Rantembe, Maskeliya Oya, Kukule Ganga along with eight other smaller Francis turbines for different power stations across the island, the company is fully geared to provide a gamut of services ranging from the sales support and technical services to the potential of renovation, upgrading and the modernization of existing power plants, the company said.

Source http://srilankastockpicks.blogspot.com/2010/12/mtd-walkers-to-be-one-stop-shop-for.html

Do more study on KAPI...........

25MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Sat Feb 05, 2011 9:25 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Keep on watching KAPI.....

shiranffs


Stock Analytic
Stock Analytic
Thank you Seyon for your information.Please update us new developments of KAPI

Best regds
Shiranffs



Last edited by Quibit on Tue Feb 08, 2011 7:14 pm; edited 1 time in total (Reason for editing : Heading)

27MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Sun Feb 06, 2011 10:25 am

seyon


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


MTD Walkers planning mega expansions

Construction and Engineering giant MTD Walkers PLC is to expand operations on all of its subsidiaries in the current year. This comes in the wake of the recent rights issue valued at Rs 3.5 billion which was fully subscribed by the shareholders.

The company plans to expand and consolidate its current subsidiaries of Walkers Piling and Walkers Engineering. Two new piling machines worth Rs. 200 million has been ordered and two more are in the pipeline in expectation of the construction boom, said Viraj DeSilva Chief Financial Officer MTD Walkers.

Further he added that the engineering workshop will be upgraded and new machinery would be added with modern technology in view of expanding operation to new sectors such as irrigation and water supply projects.

"We have already tied up with foreign collaborators for these new ventures" said De Silva.

Walkers shares showed a dramatic downward trend in the market recently, and the Colombo Stock Exchange intervened by setting a 10% price band on the shares. Commenting on the share fluctuation their Chief Financial Officer said "We are not worried about that. After the rights issue there were plenty of shares in the market and there was selling of shares. There is no problem and the shares are highly liquid."

Furthermore the company is to diversify its interest and looking for strategic investments in the future. Public/Private partnership projects are in the process and will be divulged to the public once necessary agreement is reached, De Silva said.

Keep on Watching KAPI....

28MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Tue Feb 08, 2011 2:54 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[quote="seyon"]
@shiranffs wrote:Hi Seyon,

Do u think kapi would go beyond 100 before end of february?

thanks

Hi shiranffs

At present, you could see buying signal on KAPI.... It will continue. Now the company on track to develop new projects... and plan to acquire new ventures, that would give great potential on KAPI.... My prediction is it would easily reach Rs.150 in coming quarters....

Happy Trading

29MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Kapi, is it worth for the current price? Tue Feb 08, 2011 6:28 pm

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
@Seyon, This cheap promotion is just to dump your shares (that you got for 33) at 150 with a hefty profit.

Other than the above, can you provide any credible information with numbers to justify a price of 150 for kapi.

Nobody does free service here. Dude, it is just a cheap promotion Mad

30MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Tue Feb 08, 2011 9:43 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@TelesHope wrote:@Seyon, This cheap promotion is just to dump your shares (that you got for 33) at 150 with a hefty profit.

Other than the above, can you provide any credible information with numbers to justify a price of 150 for kapi.

Nobody does free service here. Dude, it is just a cheap promotion Mad

Hi TelesHope

KAPI has following strong factors…….

1. Purchasing of Northern Power Company Private Limited, a 40MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula

2. KAPI’s subsidiary CML-MTD Construction (Pvt.) Ltd. Has received the contract to undertake many road and bridge construction projects across the nation.

3. Provide total solution for hydropower power plants in Sri Lanka one-stop-shop concept for mini hydropower companies in the country. In partnership with the world’s largest hydropower company, the Andritz Group.

4. Received contracts for the Southern Highway and other major highways and roads throughout the island.

5. KAPI won the bid to construct Colombo- Katunayake expressway

6. Expand and consolidate its subsidiaries of Walkers Piling and Walkers Engineering by installing two new piling machines worth Rs. 200 million, that has been ordered and two more are in the pipeline in expectation of the construction boom.

Financials…………..

Annualized EPS – RS.(0.28)------- After rights……. It will recover very soon

Net Asset / Share - Rs.35----------- After rights

Finance cost amounts Rs.67Mn will be reduced and this would strengthen the bottom line…

Further one thing you should consider KAPI is only the construction company in CSE (other than DOCK, DOCK business is unrelated to compare)… Industry like construction and hotels are in starting to develop in Sri Lanka. This is been pointed out by the experts and prominent fund managers ( Guardian Fund Management ). Hence KAPI has strong potential in Sri Lanka… It will reflect its value in coming quarters results….

@Teleshop I am not doing cheap promotion. When I post my 1st comments on KAPI … KAPI at Rs.60 was level… Now at Rs.88 level.. 50% return within short period…

You would see the coming quarter results which will be more attractive. We do not rely the past. We have to identify the potential sectors to invest….

Do more study on KAPI

Happy Trading...

31MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Kapi is on track in developing... Tue Feb 08, 2011 10:15 pm

achala75


Senior Equity Analytic
Senior Equity Analytic
Thank u seyon. very useful information for a stock market investor. I too hope Kapi is going to be a good star.
[/quote]

32MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 8:33 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@achala75 wrote:Thank u seyon. very useful information for a stock market investor. I too hope Kapi is going to be a good star.
[/quote]


Thanks achala75...

It you have more info about KAPI... Pls share with us.......

33MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 10:07 am

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
@seyon wrote:
@TelesHope wrote:@Seyon, This cheap promotion is just to dump your shares (that you got for 33) at 150 with a hefty profit.

Other than the above, can you provide any credible information with numbers to justify a price of 150 for kapi.

Nobody does free service here. Dude, it is just a cheap promotion Mad

Hi TelesHope

KAPI has following strong factors…….

1. Purchasing of Northern Power Company Private Limited, a 40MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula

2. KAPI’s subsidiary CML-MTD Construction (Pvt.) Ltd. Has received the contract to undertake many road and bridge construction projects across the nation.

3. Provide total solution for hydropower power plants in Sri Lanka one-stop-shop concept for mini hydropower companies in the country. In partnership with the world’s largest hydropower company, the Andritz Group.

4. Received contracts for the Southern Highway and other major highways and roads throughout the island.

5. KAPI won the bid to construct Colombo- Katunayake expressway

6. Expand and consolidate its subsidiaries of Walkers Piling and Walkers Engineering by installing two new piling machines worth Rs. 200 million, that has been ordered and two more are in the pipeline in expectation of the construction boom.

Financials…………..

Annualized EPS – RS.(0.28)------- After rights……. It will recover very soon

Net Asset / Share - Rs.35----------- After rights

Finance cost amounts Rs.67Mn will be reduced and this would strengthen the bottom line…

Further one thing you should consider KAPI is only the construction company in CSE (other than DOCK, DOCK business is unrelated to compare)… Industry like construction and hotels are in starting to develop in Sri Lanka. This is been pointed out by the experts and prominent fund managers ( Guardian Fund Management ). Hence KAPI has strong potential in Sri Lanka… It will reflect its value in coming quarters results….

@Teleshop I am not doing cheap promotion. When I post my 1st comments on KAPI … KAPI at Rs.60 was level… Now at Rs.88 level.. 50% return within short period…

You would see the coming quarter results which will be more attractive. We do not rely the past. We have to identify the potential sectors to invest….

Do more study on KAPI

Happy Trading...

This is utter bullshit....I am sure that you are suffering from 'InvestNow Update Syndrome' (Dude, I know how you spammed InvestNow every morning for Cheap Promotion).

Support your facts with credible numbers and do not try to drop your predictions from nowhere for cheap promotion as somebody did for PCH.

Your beloved Kapi can not do miracles that soon; and it is highly geared and highly overvalued at the present price.

You better invest in fundamentally sound companies; so you can have a good night sleep without suffering from 'Update Syndrome'

"Anybody can cheat Somebody; but nobody can cheat Everybody"

34MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 1:49 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@TelesHope wrote:
@seyon wrote:
@TelesHope wrote:@Seyon, This cheap promotion is just to dump your shares (that you got for 33) at 150 with a hefty profit.

Other than the above, can you provide any credible information with numbers to justify a price of 150 for kapi.

Nobody does free service here. Dude, it is just a cheap promotion Mad

Hi TelesHope

KAPI has following strong factors…….

1. Purchasing of Northern Power Company Private Limited, a 40MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula

2. KAPI’s subsidiary CML-MTD Construction (Pvt.) Ltd. Has received the contract to undertake many road and bridge construction projects across the nation.

3. Provide total solution for hydropower power plants in Sri Lanka one-stop-shop concept for mini hydropower companies in the country. In partnership with the world’s largest hydropower company, the Andritz Group.

4. Received contracts for the Southern Highway and other major highways and roads throughout the island.

5. KAPI won the bid to construct Colombo- Katunayake expressway

6. Expand and consolidate its subsidiaries of Walkers Piling and Walkers Engineering by installing two new piling machines worth Rs. 200 million, that has been ordered and two more are in the pipeline in expectation of the construction boom.

Financials…………..

Annualized EPS – RS.(0.28)------- After rights……. It will recover very soon

Net Asset / Share - Rs.35----------- After rights

Finance cost amounts Rs.67Mn will be reduced and this would strengthen the bottom line…

Further one thing you should consider KAPI is only the construction company in CSE (other than DOCK, DOCK business is unrelated to compare)… Industry like construction and hotels are in starting to develop in Sri Lanka. This is been pointed out by the experts and prominent fund managers ( Guardian Fund Management ). Hence KAPI has strong potential in Sri Lanka… It will reflect its value in coming quarters results….

@Teleshop I am not doing cheap promotion. When I post my 1st comments on KAPI … KAPI at Rs.60 was level… Now at Rs.88 level.. 50% return within short period…

You would see the coming quarter results which will be more attractive. We do not rely the past. We have to identify the potential sectors to invest….

Do more study on KAPI

Happy Trading...

This is utter bullshit....I am sure that you are suffering from 'InvestNow Update Syndrome' (Dude, I know how you spammed InvestNow every morning for Cheap Promotion).

Support your facts with credible numbers and do not try to drop your predictions from nowhere for cheap promotion as somebody did for PCH.

Your beloved Kapi can not do miracles that soon; and it is highly geared and highly overvalued at the present price.

You better invest in fundamentally sound companies; so you can have a good night sleep without suffering from 'Update Syndrome'

"Anybody can cheat Somebody; but nobody can cheat Everybody"


Hi TelesHope

I do not want to explain to the person who can not understand about growing industry... ( specially you). I am very much bullish on KAPI. It definitely will hit in the range of Rs.150 in coming quarters.. I think u miss the train... that is reason you are worry... Now this price also good to collect... don't miss the train again... my dear friend........


Happy Trading

35MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 2:57 pm

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
Mr. Seyon, your beloved KAPI is not worth more than 40 Rs. I feel sorry about you because your knowledge in company valuation and finances is SUBZERO !!!, because it is hillarious that you calculated EPS and BV from rights issue....where did you learn accounting?? from Pettah Payment Hawkers??? LOL

36MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 3:07 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@TelesHope wrote:Mr. Seyon, your beloved KAPI is not worth more than 40 Rs. I feel sorry about you because your knowledge in company valuation and finances is SUBZERO !!!, because it is hillarious that you calculated EPS and BV from rights issue....where did you learn accounting?? from Pettah Payment Hawkers??? LOL

Ok TelesHope

Can u tell me the EPS and BV after the rights............ If you are good in accounting and Company Valuation...

Happy Trading

37MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 6:07 pm

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
@Seyon, unless you dig into the books of the company, you can not predict the EPS and BV of a company after a rights issue.

Total Number of Shares after 19:1 rights = 114,357,140 and the Debt/Equity % (According to September Qtr) = 1823% (Highly Geared)

Assuming a conservative PE of 15; the company should make of an annual PAT (Profit after tax) of 610 Mn (Qtr PAT = 152.5 Mn) with an EPS of 5.3 for a share price of Rs. 80. Similarly, it should make of an annual PAT (Profit after tax) of 1.15 Bn (Qtr PAT = 286 Mn) with an EPS of 10 for a share price of Rs. 150.

Unlike some other sectors, construction industry can not do miracles within a short period. This company is highly geared, and until they show real PAT, it is just a speculative share.

Anyway, this share is illiquid because the public float is ~10%. So, easy to manipulate the prices until dump investors are there in CSE.

38MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 8:37 pm

cselk


Stock Analytic
Stock Analytic
@Telescope

Appreciate your comments. it's great to have to constructive critism from multiple angles..

It good to see some genuine comments on this..

To be honest, i did not like the way Seyon promoted this share. I observed his posts on PAP, CLPL etc (investnow) certain stocks were consistently promoted..



39MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 8:53 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cselk wrote:@Telescope

Appreciate your comments. it's great to have to constructive critism from multiple angles..

It good to see some genuine comments on this..

To be honest, i did not like the way Seyon promoted this share. I observed his posts on PAP, CLPL etc (investnow) certain stocks were consistently promoted..




We gotta value at least someone analyse a share and put on the table for us for our views.. no one needs to invest on an analysis, we can easily get an insight on..
Well.. look @ it on another perspective, I see it as; Seyon saw it earlier and kept on telling his finding.. I dont see it as a promotion actually.. This was traded at 60-70 level so if someone invested at that point, its at least a 20% gain now..

It was a good effort by Seyon and equally another insight was provided by Telescope.. This is what matters for us to develop our skills..
We shuld appreciate everyones efforts.. ;-)
Thanks both of u... keep it up..

40MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 09, 2011 9:45 pm

KPMG

KPMG
Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote:
@cselk wrote:@Telescope

Appreciate your comments. it's great to have to constructive critism from multiple angles..

It good to see some genuine comments on this..

To be honest, i did not like the way Seyon promoted this share. I observed his posts on PAP, CLPL etc (investnow) certain stocks were consistently promoted..






We gotta value at least someone analyse a share and put on the table for us for our views.. no one needs to invest on an analysis, we can easily get an insight on..
Well.. look @ it on another perspective, I see it as; Seyon saw it earlier and kept on telling his finding.. I dont see it as a promotion actually.. This was traded at 60-70 level so if someone invested at that point, its at least a 20% gain now..

It was a good effort by Seyon and equally another insight was provided by Telescope.. This is what matters for us to develop our skills..
We shuld appreciate everyones efforts.. ;-)
Thanks both of u... keep it up..


smallville, You said well.......

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@cselk wrote:@Telescope

Appreciate your comments. it's great to have to constructive critism from multiple angles..

It good to see some genuine comments on this..

To be honest, i did not like the way Seyon promoted this share. I observed his posts on PAP, CLPL etc (investnow) certain stocks were consistently promoted..




Hi cselk
I am not doing the promotion and not force you all to buy or sell, that up you all to decide. i just sharing my views and findings on selected stocks.
You could see in investnow
when CLPL was @ 90 level I posted my views. It went up to Rs.130 ( since there is logical reason before the warrant conversion)
PAP and HPWR were undervalued stock during that time. PAP was @ 3.7 level and HPWR was @ 30 Level ( PAP hit to Rs.5 and HPWR hit to Rs.42)
Why you have not noticed that, I was telling about LCEY ( When it was @ 220 level) and CARS group. Now you could see the performance of these stocks now....

Happy Trading...


seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@TelesHope wrote:@Seyon, unless you dig into the books of the company, you can not predict the EPS and BV of a company after a rights issue.

Total Number of Shares after 19:1 rights = 114,357,140 and the Debt/Equity % (According to September Qtr) = 1823% (Highly Geared)

Assuming a conservative PE of 15; the company should make of an annual PAT (Profit after tax) of 610 Mn (Qtr PAT = 152.5 Mn) with an EPS of 5.3 for a share price of Rs. 80. Similarly, it should make of an annual PAT (Profit after tax) of 1.15 Bn (Qtr PAT = 286 Mn) with an EPS of 10 for a share price of Rs. 150.

Unlike some other sectors, construction industry can not do miracles within a short period. This company is highly geared, and until they show real PAT, it is just a speculative share.

Anyway, this share is illiquid because the public float is ~10%. So, easy to manipulate the prices until dump investors are there in CSE.


Hi Telescope

You have not answered my question about BV and EPS. You started talking bla bla about gearing. Before I investing on KAPI, I have analyzed it financial before the rights issue..

Layman can understand about BV and EPS after the rights issue. Each rights has book value. i.e Cash Value.( KAPI right has Rs.33 book value) and when calculating the EPS, EPE will get diluted. I ll elaborate my calculation for the layman investors like you..

Before Rights Issue

Equity --------------------- Rs.347,740,238

No of Shares ------------- 5,717,857

NAV Per Share ---------- Rs.60.80 ( Business Value Per Share)

Total Attributable Value to Equity Shareholder ------------ Rs.143,719,884

No of Shares ------------- 5,717,857

NAV Per Share ---------- Rs. 25.13 ( Value /Share to Equity Shareholder)

Total Group Earnings --------- Rs.(15,840,615)

EPS/ Share ------------- Rs. (Rs.2.77)


The Right Issue

Right issue 19:1 @ 33

Total Share issued on Rights ----------------- 108,639,283

Total Proceeds From Rights ----------------- Rs. 3,585,096,339.00

NAV/ Share After Rights

Equity ----------------------------------------------- Rs.347,740,238

Total Proceeds From Rights ----------------- Rs. 3,585,096,339

Total -----------------------------------------------Rs. 3,932,836,577

Total No of Shares After Rights-------------- 114,357,140

NAV Per Share ---------- Rs.34.40 ( Business Value Per Share)

Total Attributable Value to Equity Shareholder ------------ Rs. 143,719,884

Total Proceeds From Rights ----------------- --------------------Rs. 3,585,096,339

Total ----------------------------------------------- -------------------- Rs. 3,728,816,223

Total No of Shares After Rights----------------------------------- 114,357,140

NAV Per Share ---------- Rs. 32.60 ( Value /Share to Equity Shareholder)


EPS / Share After Rights

Total Group Earnings --------- ---------------------------------- Rs.(15,840,615)

Total No of Shares After Rights----------------------------------- 114,357,140

EPS/ Share ------------- Rs. (Rs.0.14)



Now I come to your gearing issues.

Total borrowing of Group ( As per Sep 2010)

Interest Bearing loans---------------------------------- Rs. 707,045,353

Non Interest Bearing loans--------------------------- Rs. 848,278,262

Overdraft ------------------------------------------------ Rs.226,647,954

Total Borrowings --------------------------------------- Rs.1,781,971,569

Total Interest Expenses.-----------------------------------Rs 67,051,237

The Purpose of right Issue

The purpose for which the proceeds of the issue are to be utilized

1. To capitalize loans received for the acquisition of companies previously

2. To acquire Northern Power Company (Pvt) Ltd

3. To Finance Working Capital of the company

http://www.cse.lk/cmt/uploadAnnounceFiles/9961288151500_444.pdf

The proceeds of this Rights Issue will be used for the 100% purchase of Northern Power Company Private Limited, a 30MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula. The balance of the Rights Issue proceeds will be used for capital expenditure and working capital requirements of the MTD Group of Companies.

http://srilankastockpicks.blogspot.com/2010/12/mtd-walkers-plc-announce-rights-issue.html

We do not know about the numbers of the loans received for the acquisition of companies previously and the amount required to acquire Northern Power Company (Pvt) Ltd. However I would say major part of the loan will be settled from the right issue. Hence Finance cost amounts Rs.67Mn will be reduced and this would strengthen the bottom line. This scenario will highlight only on 4th quarter results.

Let us workout the utilization of right issue

Total Proceeds From Rights ----------------- --------------------Rs. 3,585,096,339

Interest Bearing loans---------------------------------- ------------- Rs. 707,045,353 1st Preference to settle

Overdraft -------------------------------------------------------------- Rs.226,647,954 2nd Preference

Non Interest Bearing loans--------------------------- -------------- Rs. 848,278,262

(This loan may be obtained from parent company, there should be flexibility for the repayment)

Hence the amounts of Rs.2Bn (after settlement of interest bearing loans and OD) will be utilized for the acquisition of Northern Power Company (Pvt) Ltd , other investment opportunities and working capital requirement.

We can see the restructured and sound balance sheet from the 4th quarter. Further income generate from new projects ( mentioned in previous ) also will contribute to strengthen the company performance and value…

Keep on Investing in growth sectors……

Happy Trading



Last edited by seyon on Sat Feb 12, 2011 10:27 pm; edited 1 time in total

43MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Fri Feb 11, 2011 11:20 am

optimistic

optimistic
Manager - Equity Analytics
Manager - Equity Analytics
@seyon wrote:
@cselk wrote:@Telescope

Appreciate your comments. it's great to have to constructive critism from multiple angles..

It good to see some genuine comments on this..

To be honest, i did not like the way Seyon promoted this share. I observed his posts on PAP, CLPL etc (investnow) certain stocks were consistently promoted..




Agreed with smallville. seyon is not promoting any stocks. You are not obliged to buy or sell just because someone keeps on posting about a particular stock. If you dont see any value in the shares he has identified, you might as well stay away from them. Do not discourage people from commenting on this forum by accusing them irrationally. No offense to anyone. Just try to understand the differences in views that people have and deal with them peacefully.

Hi cselk
I am not doing the promotion and not force you all to buy or sell, that up you all to decide. i just sharing my views and findings on selected stocks.
You could see in investnow
when CLPL was @ 90 level I posted my views. It went up to Rs.130 ( since there is logical reason before the warrant conversion)
PAP and HPWR were undervalued stock during that time. PAP was @ 3.7 level and HPWR was @ 30 Level ( PAP hit to Rs.5 and HPWR hit to Rs.42)
Why you have not noticed that, I was telling about LCEY ( When it was @ 220 level) and CARS group. Now you could see the performance of these stocks now....

Happy Trading...


seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The 3rd quarter result was released… KAPI highlights very Amazing Profit for the 3rd quarter…

No one can say from this 3rd quarter that, KAPI is loss making company and burn their fingers by buying loss making company…

This quarter performance highlights that KAPI started to generate revenue from new contracts and projects, which have been pointed out in this post…

After the rights issue, as I predicted the 4th quarter and coming quarters results will be remarkable in terms of profit and its value… This 3rd quarter performance is the first step to entering into KAPI's new milestone....

KAPI 3rd quarter results @ Glance - ( Income Statement & Balance Sheet – Group)

Revenue For the quarter - Rs.653,195,579 – 129% increased

Revenue For 9 months - Rs.1,553,568,289 – 45% increased

Operational Profit For the quarter - Rs.179,910,318 – 520% increased

Operational Profit For 9 months - Rs.242,379,741 – 89% increased

Net Profit For the quarter - Rs.126,059,112 – 768% increased

Net Profit For 9 months - Rs.110,218,497 – 641% increased

EPS For the quarter (Before the Right issue) - Rs.22.05 whereas 2009- Rs.2.54

EPS For 9months (Before the Right issue) - Rs.19.28 whereas 2009 – Rs.2.60

Net assets Per Share (Before the Right issue) – Rs.47.18 ---- 2009 Rs. 43.35

The Financial highlights after the rights issue based on 3rd Quarter Results…


The Right Issue

Right issue 19:1 @ 33

Total Share issued on Rights ----------------- 108,639,283

Total Proceeds From Rights ----------------- Rs. 3,585,096,339.00

NAV/ Share After Rights

Equity ----------------------------------------------- Rs.479,584,783

Total Proceeds From Rights ----------------- Rs. 3,585,096,339

Total -----------------------------------------------Rs. 4,064,681,122

Total No of Shares After Rights-------------- 114,357,140

NAV Per Share ---------- Rs.35.54 ( Business Value Per Share)

Total Attributable Value to Equity Shareholder ------------ Rs. 269,778,996

Total Proceeds From Rights ----------------- --------------------Rs. 3,585,096,339

Total ----------------------------------------------- -------------------- Rs. 3,854,875,335

Total No of Shares After Rights----------------------------------- 114,357,140

NAV Per Share ---------- Rs. 33.70 ( Value /Share to Equity Shareholder)

EPS / Share After Rights

Total Group Earnings --------- ---------------------------------- Rs.110,218,497

Total No of Shares After Rights----------------------------------- 114,357,140

EPS/ Share ------------- Rs. .96

Total borrowing of Group ( As per Dec 2010)


Interest Bearing loans---------------------------------- Rs. 849,770,754

Non Interest Bearing loans--------------------------- Rs. 3,597,928,709 ( this may be received from related company to acquire the

company , stated in the propose of right issue)

Overdraft ------------------------------------------------ Rs. 311,689,918

Total Borrowings --------------------------------------- Rs. 4,759,389,381

Total Interest Expenses.-----------------------------------Rs 112,228,527

The Purpose of right Issue

The purpose for which the proceeds of the issue are to be utilized
1. To capitalize loans received for the acquisition of companies previously
2. To acquire Northern Power Company (Pvt) Ltd
3. To Finance Working Capital of the company

http://www.cse.lk/cmt/uploadAnnounceFiles/9961288151500_444.pdf

The proceeds of this Rights Issue will be used for the 100% purchase of Northern Power Company Private Limited, a 30MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula. The balance of the Rights Issue proceeds will be used for capital expenditure and working capital requirements of the MTD Group of Companies.

http://srilankastockpicks.blogspot.com/2010/12/mtd-walkers-plc-announce-rights-issue.html

We do not know about the numbers of the loans received for the acquisition of companies previously and the amount required to acquire Northern Power Company (Pvt) Ltd. However I would say major part of the loan will be settled from the right issue. Hence Finance cost amounts Rs.67Mn will be reduced and this would strengthen the bottom line. This scenario will highlight only on 4th quarter results.

Let us workout the utilization of right issue

Total Proceeds From Rights ----------------- ----------Rs. 3,585,096,339

Interest Bearing loans---------------------------------- Rs. 849,770,754

Non Interest Bearing loans--------------------------- Rs. 3,597,928,709 ( this may be received from related company to acquire the company , stated in the propose of right issue)

Overdraft ------------------------------------------------ Rs. 311,689,918

Total Borrowings --------------------------------------- Rs. 4,759,389,381

We do not the company preference to settle the loan facility. As stated in the purposes of right issue announcement, part of non interest bearing loan will be settled from the right issue proceeds and part of interest bearing loan also will be settled…

We can see only the restructured and sound balance sheet from the 4th quarter by reflecting above numbers. Further income generate from new projects (mentioned in previous) also will contribute to strengthen the company performance and value…


Keep on Investing in growth sectors……

45MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Wed Feb 16, 2011 7:35 pm

mjrocker


Senior Equity Analytic
Senior Equity Analytic
Massive grow after massive lost on and before 3rd q.Will they continue the grow like this?If they do it KAPI will be a gem on coming q and years.Specialy like Sri Lanka growing economey contry,I think they will get more projects on coming months and years.I think this will esyly brake 100 now.Seyon thanks for highlighting this share keep it up your good works.

46MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Sat Feb 19, 2011 12:43 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
KAPI doesn't need any promotion at all.. Trur share value diluted after an insane rights issue but look at their developments.. Just read the articles published under the following link and think twice whether it will not be in a good position in future.. ALL 4ur analysis guys ;-)

http://srilankastockpicks.blogspot.com/search/label/kapila%20heavy

47MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Sun Feb 20, 2011 10:29 pm

yash


Stock Trader
Agreed with yo point sir..their projects are pretty atractive in this booming economy,so they will surely have a bright future...thier gearing issues will also get sorted out with the new revenue flows from the construction projects.

48MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Mon Feb 21, 2011 9:33 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:KAPI doesn't need any promotion at all.. Trur share value diluted after an insane rights issue but look at their developments.. Just read the articles published under the following link and think twice whether it will not be in a good position in future.. ALL 4ur analysis guys ;-)

http://srilankastockpicks.blogspot.com/search/label/kapila%20heavy

Thanks smallville for pointing out KAPI future projects and development....

As we know KAPI has got lot of contracts and bids from government and private sectors (which are highlighted in my previous post)... Hence performance of coming quarters will be very much attractive and we would expect amazing results from KAPI in coming quarters.

Further when analyzing trading pattern of KAPI after rights, i could see good signal for the price to reach Rs.100 in short run, then based on the amazing performance it would pass Rs.120.... Rs.150....

After rights shares were listed ( from 24.01.2011 to 18.02.2011), there were 8,901,900 shares were traded at average price of Rs.74... This pattern indicates us high buying pressure on KAPI from the investors.....

Thee trading statistics from 24.01.2011 to 18.02.2011

Date Volume No. of Trades Previous Closing High Low Closing Price** Change Change % MACD
1/24/2011 3,494,600 2,797 81.7 74.8 45 68.7 -13 -15.91 -38.94
1/25/2011 349,300 309 68.7 66 61.9 61.9 -6.8 -9.9 -37.48
1/26/2011 220,500 271 61.9 67.8 60 64.5 2.6 4.2 -35.18
1/27/2011 157,100 140 64.5 68 60 60.9 -3.6 -5.58 -33.45
1/28/2011 127,200 142 60.9 64 60 60.6 -0.3 -0.49 -32.31
1/31/2011 224,300 163 60.6 65.4 61.5 63.4 2.8 4.62 -30.08
2/1/2011 639,600 426 63.4 69.7 64 69.7 6.3 9.94 -27.64
2/2/2011 317,000 284 69.7 74 70 70.5 0.8 1.15 -24.8
2/3/2011 456,200 368 70.5 77.5 71 77.5 7 9.93 -22.39
2/7/2011 557,900 345 77.5 85.2 79 85.2 7.7 9.94 -19.08
2/8/2011 591,700 399 85.2 92 84 87 1.8 2.11 -16.32
2/9/2011 164,100 179 87 89 81 83.1 -3.9 -4.48 -14.01
2/10/2011 233,200 205 83.1 84 75.2 78.2 -4.9 -5.9 -12.63
2/11/2011 124,400 149 78.2 82 74 74.7 -3.5 -4.48 -11.98
2/14/2011 398,100 210 74.7 80 75 77.8 3.1 4.15 -10.81
2/15/2011 183,300 124 77.8 80.9 75.3 79.5 1.7 2.19 -9.75
2/18/2011 663,400 556 79.25 87 80.1 83.1 3.6 4.53 -8.35

Do more study on KAPI......

Happy Trading

49MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Fri Feb 25, 2011 12:27 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[quote="seyon"]
@smallville wrote:KAPI doesn't need any promotion at all.. Trur share value diluted after an insane rights issue but look at their developments.. Just read the articles published under the following link and think twice whether it will not be in a good position in future.. ALL 4ur analysis guys ;-)

http://srilankastockpicks.blogspot.com/search/label/kapila%20heavy

Thanks smallville for pointing out KAPI future projects and development....



Last edited by seyon on Sat Apr 09, 2011 11:25 am; edited 1 time in total (Reason for editing : Correction)

50MTD WALKERS PLC (KAPI.N0000) - Page 2 Empty Re: MTD WALKERS PLC (KAPI.N0000) Fri Feb 25, 2011 2:47 pm

KPMG

KPMG
Manager - Equity Analytics
Manager - Equity Analytics
@seyon wrote:
@smallville wrote:KAPI doesn't need any promotion at all.. Trur share value diluted after an insane rights issue but look at their developments.. Just read the articles published under the following link and think twice whether it will not be in a good position in future.. ALL 4ur analysis guys ;-)

http://srilankastockpicks.blogspot.com/search/label/kapila%20heavy

Thanks smallville for pointing out KAPI future projects and development....

As we know KAPI has got lot of contracts and bids from government and private sectors (which are highlighted in my previous post)... Hence performance of coming quarters will be very much attractive and we would expect amazing results from KAPI in coming quarters.

Further when analyzing trading pattern of KAPI after rights, i could see good signal for the price to reach Rs.100 in short run, then based on the amazing performance it would pass Rs.120.... Rs.150....

After rights shares were listed ( from 24.01.2011 to 18.02.2011), there were 8,901,900 shares were traded at average price of Rs.74... This pattern indicates us high buying pressure on KAPI from the investors.....

Thee trading statistics from 24.01.2011 to 18.02.2011

Date Volume No. of Trades Previous Closing High Low Closing Price** Change Change % MACD
1/24/2011 3,494,600 2,797 81.7 74.8 45 68.7 -13 -15.91 -38.94
1/25/2011 349,300 309 68.7 66 61.9 61.9 -6.8 -9.9 -37.48
1/26/2011 220,500 271 61.9 67.8 60 64.5 2.6 4.2 -35.18
1/27/2011 157,100 140 64.5 68 60 60.9 -3.6 -5.58 -33.45
1/28/2011 127,200 142 60.9 64 60 60.6 -0.3 -0.49 -32.31
1/31/2011 224,300 163 60.6 65.4 61.5 63.4 2.8 4.62 -30.08
2/1/2011 639,600 426 63.4 69.7 64 69.7 6.3 9.94 -27.64
2/2/2011 317,000 284 69.7 74 70 70.5 0.8 1.15 -24.8
2/3/2011 456,200 368 70.5 77.5 71 77.5 7 9.93 -22.39
2/7/2011 557,900 345 77.5 85.2 79 85.2 7.7 9.94 -19.08
2/8/2011 591,700 399 85.2 92 84 87 1.8 2.11 -16.32
2/9/2011 164,100 179 87 89 81 83.1 -3.9 -4.48 -14.01
2/10/2011 233,200 205 83.1 84 75.2 78.2 -4.9 -5.9 -12.63
2/11/2011 124,400 149 78.2 82 74 74.7 -3.5 -4.48 -11.98
2/14/2011 398,100 210 74.7 80 75 77.8 3.1 4.15 -10.81
2/15/2011 183,300 124 77.8 80.9 75.3 79.5 1.7 2.19 -9.75
2/18/2011 663,400 556 79.25 87 80.1 83.1 3.6 4.53 -8.35

Do more study on KAPI......

Happy Trading


Seyon,
Why does KAPI go down day by day even ur analysis says KAPI is worth 100/- in short term?? do u think this will pick in short term?? or is it long term investment??
Can a construction company generate profit in short term??( many project take 3-4 years to complete)

Appreciate ur opinion.

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