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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Aitken Spence Plantation Managements Ltd - Introduction

Aitken Spence Plantation Managements Ltd - Introduction

Go down  Message [Page 1 of 1]

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can you tell me how to buy shares through the introduction...and when is listing date?
What do u think that share?

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Help me

sriranga

sriranga
Co-Admin
Follow this link, you will get some ideas.
http://www.cse.lk/pdf/Aitken_Intro.pdf

http://sharemarket-srilanka.blogspot.co.uk/

sriranga

sriranga
Co-Admin
Aitken Spence Plantation Managements Ltd - Introduction Ref10

http://sharemarket-srilanka.blogspot.co.uk/

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
That price is good to buy and when is listing?

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@keeper wrote:That price is good to buy and when is listing?
Are you sure this price is good? Mmmmm.....
Next week, mostly the will list.

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
P/E of 20, what a joke!!!!!!!!!!!!!!!!

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
Even JKh has lesser P/E

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Please remember the values given and quoted above by you all are as at 31st march 2012.

If you take latest figures, as at 31.12.2012 ,
(given in the pdf of above link http://www.cse.lk/pdf/Aitken_Intro.pdf - the figures at P 37 are for 9 month and not for the whole year )
EPS is 10.84 (and for Y/Y march 2013 it should be around 13/- per share )

AVPS is 54 Rupess . ( Rs.44 . was at 31.3.2012)

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:Please remember the values given and quoted above by you all are as at 31st march 2012.

If you take latest figures, as at 31.12.2012 ,
(given in the pdf of above link http://www.cse.lk/pdf/Aitken_Intro.pdf - the figures at P 37 are for 9 month and not for the whole year )
EPS is 10.84 (and for Y/Y march 2013 it should be around 13/- per share )

AVPS is 54 Rupess . ( Rs.44 . was at 31.3.2012)

nop look at the bottom the P/E is around 20. they have mentioned the P/E

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Read again Ccsentha

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:Read again Ccsentha

Check Page 29 and see

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
1 RATIOS AND SHARE INFORMATION
8.2 REFERENCE PRICE
The reference price for the voting shares of ASPM is LKR 45.50, being the net asset value per share of
the Group as at 31st March 2012, being the last available audited financials of the Company.
Calculation of the Net Asset per Share
Net assets of the Group attributable to the equity holders as at 31st March 2012 976,295,771
Number of Shares 21,300,000
Net Assets per Share 45.84
Year Ended
GROUP 31.03.2012 31.03.2011
Revenue Growth (%) -6.71 17.44
EBITDA / Revenue (%) 11.31 24.49
Profit after tax / Revenue (%) 2.20 14.19
Effective Tax Rate (%) 14.24 5.92
Profit after tax / Average Equity (%) 5.62 43.19
Return on Average Assets (%) 1.38 9.63
Current Ratio (%) 0.61 0.87
Average Receivables Collection Period (days) 20.77 20.62
Average Payables Payment Period (days) 36.67 37.40
Debt / Equity ratio (x) 0.78 0.96
Equity / Assets (%) 25.02 24.15
EBIT / Interest Expense (x) 1.06 3.25
Book Value per Share (Rs.) 45.84 43.58
Earnings per Share (Rs.) 2.25 10.95
Book Value per Share (Rs.) - Company 32.98 31.66
Earnings per Share (Rs.)- Company 1.32 3.78
Reference Price (Rs.) 45.50
PE Ratio (x) 20.19
Price to Book Value (PBV) 0.99

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:Please remember the values given and quoted above by you all are as at 31st march 2012.

If you take latest figures, as at 31.12.2012 ,
(given in the pdf of above link http://www.cse.lk/pdf/Aitken_Intro.pdf - the figures at P 37 are for 9 month and not for the whole year )
EPS is 10.84 (and for Y/Y march 2013 it should be around 13/- per share )

AVPS is 54 Rupess . ( Rs.44 . was at 31.3.2012)

1 RATIOS AND SHARE INFORMATION
8.2 REFERENCE PRICE
The reference price for the voting shares of ASPM is LKR 45.50, being the net asset value per share of
the Group as at 31st March 2012, being the last available audited financials of the Company.
Calculation of the Net Asset per Share
Net assets of the Group attributable to the equity holders as at 31st March 2012 976,295,771
Number of Shares 21,300,000
Net Assets per Share 45.84
Year Ended
GROUP 31.03.2012 31.03.2011
Revenue Growth (%) -6.71 17.44
EBITDA / Revenue (%) 11.31 24.49
Profit after tax / Revenue (%) 2.20 14.19
Effective Tax Rate (%) 14.24 5.92
Profit after tax / Average Equity (%) 5.62 43.19
Return on Average Assets (%) 1.38 9.63
Current Ratio (%) 0.61 0.87
Average Receivables Collection Period (days) 20.77 20.62
Average Payables Payment Period (days) 36.67 37.40
Debt / Equity ratio (x) 0.78 0.96
Equity / Assets (%) 25.02 24.15
EBIT / Interest Expense (x) 1.06 3.25
Book Value per Share (Rs.) 45.84 43.58
Earnings per Share (Rs.) 2.25 10.95
Book Value per Share (Rs.) - Company 32.98 31.66
Earnings per Share (Rs.)- Company 1.32 3.78
Reference Price (Rs.) 45.50
PE Ratio (x) 20.19
Price to Book Value (PBV) 0.99

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
OK.
You follow what they say.
I follow what I found.
kalas.

BTW, this is not 2012 Awurudu,
We are reaching Wesak 2013

---

ELPL (ASPM)has a pattern of going up and down in profits y/y.
This year they will get one of the best y/y. Last year just managed with some return. Before that they had a nice time. Like that....
Hence we have to see few years together to evaluate it.
NAVPS of ELPL is 24.10. latest EPS ( 9month)is 2.25 Current price is 17/- PER 7.50
ASPM is valued at 45/- EPS 10.80 ( 9 month) If they sell it @45,
PER is 4.10

(ELPL has issed 73 million shares while ASPM has 21.3million.
ASPM hold 45 million ELPL .
Hence 61% of the profit of ELPL is divided by lesser number of shares in ASPM to get high EPS)

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:OK.
You follow what they say.
I follow what I found.
kalas.

BTW, this is not 2012 Awurudu,
We are reaching Wesak 2013

---

ELPL (ASPM)has a pattern of going up and down in profits y/y.
This year they will get one of the best y/y. Last year just managed with some return. Before that they had a nice time. Like that....
Hence we have to see few years together to evaluate it.
NAVPS of ELPL is 24.10. latest EPS ( 9month)is 2.25 Current price is 17/- PER 7.50
ASPM is valued at 45/- EPS 10.80 ( 9 month) If they sell it @45,
PER is 4.10

(ELPL has issed 73 million shares while ASPM has 21.3million.
ASPM hold 45 million ELPL .
Hence 61% of the profit of ELPL is divided by lesser number of shares in ASPM to get high EPS)


1) friend where did u get this? "ASPM is valued at 45/- EPS 10.80 ( 9 month) If they sell it @45, ", latest financial statement says EPS is 1.32. When they official financial statement says EPS is 1.32, how can you say that is wrong? cyclops

2)"NAVPS of ELPL is 24.10. latest EPS ( 9month)is 2.25 Current price is 17/- PER 7.50
ASPM is valued at 45/- EPS 10.80 ( 9 month) If they sell it @45,
PER is 4.10"
We cannot say like this. 61% profits might go to ASPM alright, but they could also have debt, loans , liabilities etc... hence the profit could be lesser. On the other hand as a company ELPL might not have those extra costs like loans etc... so we cannot calculate like that brother.

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