FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» The market is not out to “get” you but is just flowing along, and your position just happens to be carried along with it.
by dayandacool Today at 4:49 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by reyaz Today at 4:15 pm

» What will happen tomorrow?
by reyaz Today at 4:04 pm

» GLAS will be winner with Super Gain.
by Promoney Today at 2:30 pm

» KGAL - THE SLEEPING GIANT
by THASSIM Today at 2:21 pm

» First capital holdings CFVF.N0000
by Eranga87 Today at 1:35 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:01 pm

» DIPD/HAYC/HAYL
by stocknoob Yesterday at 6:55 pm

» Growing Fear
by Mr. X Yesterday at 4:55 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Yesterday at 12:54 pm

» LDEV LDEV LDEV
by Eranga87 Yesterday at 10:27 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Yesterday at 7:42 am

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Mon Apr 19, 2021 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Mon Apr 19, 2021 6:14 pm

» US dollar trading lower, euro near new high
by target1 Mon Apr 19, 2021 1:38 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Equity Win Mon Apr 19, 2021 1:23 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Thushara Ayya Mon Apr 19, 2021 11:59 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Sun Apr 18, 2021 4:12 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Sat Apr 17, 2021 9:07 pm

» Lanka Walltile PLC Investment Case
by judecroos Sat Apr 17, 2021 8:55 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » MPRH is it the most undervalued stock in plantation sector?

MPRH is it the most undervalued stock in plantation sector?

Go to page : 1, 2, 3  Next

Go down  Message [Page 1 of 3]

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
Metropolitan Resource Holdings

9 months earnings RS 11.52

3 months earnings RS 6.19

Market Price 23.40

http://www.cse.lk/cmt/upload_report_file/724_1360580346484.pdf

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Nigel.Machado,

1). Did you notice any other interesting formation in trading price of MPRH with its main sub BOPL ?

67 % of Bogawanthalawa is under Metro holding.


2). We are getting good results from most of tea plantations.
In this situation nothing but FLCH is coming to my mind . If they have done same ......

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:@Nigel.Machado,

1). Did you notice any other interesting formation in trading price of MPRH with its main sub BOPL ?

67 % of Bogawanthalawa is under Metro holding.


2). We are getting good results from most of tea plantations.
In this situation nothing but FLCH is coming to my mind . If they have done same ......

FLCH is doing quite good volumes recently. yesterday it did about 1.5MN shares. today its about 700,000 upto now.

Re-guarding MPRH its not that liquid, but Ameco Limited's holding of 457,030 shares were sold in the market betwee rs 16-22. Making the counter bit more liquid. I think thats why we see some sellers at this price range even after RS 11.52 earnings for 9 months.

Dr T senthilverl is holding 12MN shares of BOPL at around 22 as i can remember.

We may expect a plantation rally quite soon, even rubber has done quite well.(considering results of KGAL)

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I believe most of us know Nizamdeen Singh Laxana alias MarketWatch. He is having an ability to identify the market trend. I noticed he is in the top 20 share holder list in both MPRH and MASK.

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@Monster wrote:I believe most of us know Nizamdeen Singh Laxana alias MarketWatch. He is having an ability to identify the market trend. I noticed he is in the top 20 share holder list in both MPRH and MASK.

yes even i noticed it. Nizamdeen Singh Laxana alias (MarketWatch) he is in the top 20 list of MPRH & MASK.

Twisted Evil

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Yes, But he bought BOPL at a lot higher price ( closer to Rs 20 if I am not mistaken) . Then he averaged last year.

Then he seemed to have got into other plantations.

Also does he have inside info? ?He seems to know when to exit B FL again during last run in sept.


Agree that he seems to have good analytical skills .

@Nigel.Machado wrote:
@Monster wrote:I believe most of us know Nizamdeen Singh Laxana alias MarketWatch. He is having an ability to identify the market trend. I noticed he is in the top 20 share holder list in both MPRH and MASK.

yes even i noticed it. Nizamdeen Singh Laxana alias (MarketWatch) he is in the top 20 list of MPRH & MASK.

Twisted Evil

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Yes, But he bought BOPL at a lot higher price ( closer to Rs 20 if I am not mistaken) . Then he averaged last year.

Then he seemed to have got into other plantations.

Also does he have inside info? ?He seems to know when to exit B FL again during last run in sept.


Agree that he seems to have good analytical skills .

@Nigel.Machado wrote:
@Monster wrote:I believe most of us know Nizamdeen Singh Laxana alias MarketWatch. He is having an ability to identify the market trend. I noticed he is in the top 20 share holder list in both MPRH and MASK.

yes even i noticed it. Nizamdeen Singh Laxana alias (MarketWatch) he is in the top 20 list of MPRH & MASK.

Twisted Evil

I googled this guy ! He seems to specialize in research in the Tea Industry. lots of stuff re Kenyan tea market etc. he also has a Blog and a Facebook page in which you can follow him.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ Monster, N.M & others,

I put some orders for F @ 2.50 . Did not get yet.
Somehow got some M.

This is the thing I wanted to tell :-

Profit reported
BOPL 274 million , MPRH 200 million excl. minority.
EPS BPOL=3.28 ,,EPS of MPRH is 11.57

67% of BOPL income is coming to MPRH.

EPS is low in BOPL because, Issued no of shares in BOPL is 83 million while MPRH is only 17 million.

MPRH owns 56.4million shares of BOPL

56.4 / 17 = 3.3 shares.
i.e. 1 MPRH is representing 3.3 BOPL

BOPL trading @ 13/- with PER of 4.0
13 x 3.3 = 43/-

Still you can buy 1 MPRH @ 23.50

(EPS, PER are approx. 9 months figures)




Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:@ Monster, N.M & others,

I put some orders for F @ 2.50 . Did not get yet.
Somehow got some M.

This is the thing I wanted to tell :-

Profit reported
BOPL 274 million , MPRH 200 million excl. minority.
EPS BPOL=3.28 ,,EPS of MPRH is 11.57

67% of BOPL income is coming to MPRH.

EPS is low in BOPL because, Issued no of shares in BOPL is 83 million while MPRH is only 17 million.

MPRH owns 56.4million shares of BOPL

56.4 / 17 = 3.3 shares.
i.e. 1 MPRH is representing 3.3 BOPL

BOPL trading @ 13/- with PER of 4.0
13 x 3.3 = 43/-

Still you can buy 1 MPRH @ 23.50

(EPS, PER are approx. 9 months figures)






In a nutshell you mean MPRH is undervalued.

MPRH is trading at a pe of 1.2-1.4

Also Net asset value is 40.

Market.Player

Market.Player
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
see MPRH shareholder No.19..........Ha haaaaa

As at 31.12.2012
Name of the Share Holder No of Shares %
01.Mr.D J Ambani 4,213,860 24.41
02.Ocema Investment Company (Pvt) Ltd. 3,046,875 17.65
03.Kelmarsh Investments Ltd. 2,798,933 16.21
04.Sealbe Holding AG 1,457,415 08.44
05.Mr.Lars Tryggwe Christer Murman 1,313,951 07.61
06.Mr.Carl Machael Oscarsson Haglind 1,161,537 06.73
07.Metrocorp (Pvt) Ltd 827,935 04.80
08.Mr.R D Bandaranaike 726,046 04.21 09.J.B.Cocoshell (pvt) Ltd 145,000 00.84
10.Mr. A.V. Ravindra De Silva Jayathilake 65,507 00.38
11.Mr. Mohamed Nizam Singa Laxana 60,900 00.35
12.Sino Lanka (pvt) Ltd 46,500 00.27
13.Mr.Lars Soderbrrg 36,562 00.21
14.Mr. Selladurai Gobinath 33,000 00.19
15.Mr. Vithana Palitha Koralalage Anusha Palitha 31,683 00.18
16.First Capital Market Ltd./ Ventura Crystal (Pvt) Ltd. 30,200 00.17
17.Mr. Muruga Pillai Kesawamoorthy 30,000 00.17
18.Mr. Hasim Abdul Nasar 29,000 00.17
19.Mr. Rosairo Nigel Machado 29,000 00.17
20. Laxey Partners Ltd. 26,637 00.15
Directors Share Holding as at 31st December 2012
Name of the Director No of Shares %
Mr. D.

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
Yes i am holding MPRH. Not only MPRH but most tea based plantations.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Duh.. 29,000 is a good amount Wink

But 60,900 is a better figure for some easy profit Wink

We should know that these are for long term investment, right?

Stupid me, I didnt see this MPRH first tongue

The thing with BOPL is, its nearly half the price MPRH... But the latter looks better since the qty is less too.

My concern abt FLCH is the rains we see these days, while these rains are good for hydro projects, it can have mixed results for Tea and bad for Rubber. And FLCH is over 90% plantations Wink
But 2.40 - 2.60 is a good price range.

What I know is the temperature, rainfall, humidity and soil pH affects the quality of tea too.
Some say the high rainfall level is expected to produce a bumper harvest also.

So can someone explain pls..

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I wouldn't trust MW advice if I were you.....

But MRPH is a good company. I remember somewhere there was some allegation against the Ambani family who is holding the firm together....I can't remember but I guess you guys can research.

refer to this link:

http://forum.srilankaequity.com/t343-mr-mohamed-nizam-singa-laxana-who-is-he

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Nigel.Machado wrote:Yes i am holding MPRH. Not only MPRH but most tea based plantations.

I think you are smart because I cannot see your name in BOPL list. As per my theory you are holding about 1 lak of BOPL through MPRH. :-)

Thank you for appearing in real name.

MPRH was in my radar for many months.
I collected it months ago in small quantities. For last 6 months it maintained its price around 23/-
Somehow, I was involved in over 50% of transactions done in the morning hrs. today to double my holding.
I do not think you sold it to me bet. 23/- - 23.50. Wink

IF weather and tea prices maintained in favorable levels I should join you in the list Laughing next time !

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Chinwi wrote:@ Monster, N.M & others,

I put some orders for F @ 2.50 . Did not get yet.
Somehow got some M.

This is the thing I wanted to tell :-

Profit reported
BOPL 274 million , MPRH 200 million excl. minority.
EPS BPOL=3.28 ,,EPS of MPRH is 11.57

67% of BOPL income is coming to MPRH.

EPS is low in BOPL because, Issued no of shares in BOPL is 83 million while MPRH is only 17 million.

MPRH owns 56.4million shares of BOPL

56.4 / 17 = 3.3 shares.
i.e. 1 MPRH is representing 3.3 BOPL

BOPL trading @ 13/- with PER of 4.0
13 x 3.3 = 43/-

Still you can buy 1 MPRH @ 23.50

(EPS, PER are approx. 9 months figures)


Excellent Analysis Chinwi ! Yes I too noticed this market anomaly (and arbitrage opportunity ?) in market pricing between BOPL and MPRH. In fact it was more pronounced in October 2010 when BOPL announced a 1 for 9 rights issue at Rs 10. At that time too, MPRH was trading at a very attractive discount to its value / holding of BOPL. Furthermore, MPRH (Company) has further Rs 20
assets / investments so NAV based on BOPL holding could be Rs 60-65 !
These market anomalies are nothing new to our market and a few still exists like price relationship between LMF & DIST, CFI / CIT & CFLB, RENU etc. Even FLCH had Rs 1.40 Cash Per Share and was trading at Rs 1.50. we have discussed these in the past on some other threads.

Re BOPL / MPRH, my observations and some areas to look into are as folls -

1. For the first time, MPRH has reported 3rd Q results. In previous years, they only give there results for the Sep and March quarter. is it something to do with listing in the Diri savi board ?

2. 50 % of bottom line Profit come from Other Income. Majority of this could be Gains from Fair Value of Biological Assets, which has no Cash Flow Impact. without notes in the interim statements, cannot say the quantum for sure. This maybe Timber stock like Madu. High NAV, Good EPS (due to gain in the biological assets valuation) but no cash !

3. No doubt, it has been a good quarter for Tea Plantations - Good Prices for Tea as strong correlation with world energy prices which are rising too. So MASK, BOPL, MADU, MAL, TPL etc will do well in the short term. what is the future impact of rising Electricity, Diesel and Petrol Prices in March / April ? I am hearing this will happen. Then the Plantation Wage Increments in June. One thing is for sure, as soon as this sector is doing well, they will have to pass on the benefits to the workers through higher wages. This is a political reality.

4. Having said that, most plantation stocks are trading at 3-4-5 times trailing earnings. one of these days their should be a plantation rally as its overdue now for 2-3 years in this cyclical industry.


prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can we call this thread a promotion because people who hold this are doing the talking.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@prabath wrote:Can we call this thread a promotion because people who hold this are doing the talking.

NO.. I see valid reasons given to justify these fundamentally good counters.

You cannot expect anyone not to talk about their shares, after all, its obvious if the members talk about shares they dont hold. However, as long as valid reasoning is provided, its not promotion. As you can see, they talk why they've bought these and what they expect in future with these.

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@prabath wrote:Can we call this thread a promotion because people who hold this are doing the talking.
Of course not.They are discussing it in rational manner with available informations.These types of discussions among real investers help new comers to learn.....

NUINTH


Senior Equity Analytic
Senior Equity Analytic
Nice & valuble discussion with facts & figures. Love to see this type of analysis. Thanks everyone.

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
There is no real arbitrage opportunity as buying stock in MPRH doesn't give you control of BOPL shares - its like DFCC holding 20b worth of COMB shares

Sponsored content


Back to top  Message [Page 1 of 3]

Go to page : 1, 2, 3  Next

Permissions in this forum:
You cannot reply to topics in this forum