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

» DIPD/HAYC/HAYL
by abey Yesterday at 10:27 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Yesterday at 4:12 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Dilip Yesterday at 11:55 am

» GLAS will be winner with Super Gain.
by ronstyn53 Sat Apr 17, 2021 10:22 pm

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

» First capital holdings CFVF.N0000
by invest thinker Sat Apr 17, 2021 4:46 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Wolf86 Sat Apr 17, 2021 2:00 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by dayandacool Sat Apr 17, 2021 1:58 pm

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

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Sat Apr 17, 2021 8:39 am

» Daily Foreign Transactions
by Pradeep90 Fri Apr 16, 2021 8:03 pm

» Big opportunity in Kegalle Plantations
by EquityChamp Fri Apr 16, 2021 2:58 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by nigma Fri Apr 16, 2021 11:59 am

» If you buy a stock that’s not going up in price, you won’t make any money. STOCK market for beginners
by dayandacool Fri Apr 16, 2021 11:31 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by vikiperera Fri Apr 16, 2021 11:17 am

» VPEL VPEL VPEL
by invest thinker Fri Apr 16, 2021 10:23 am

» Thoughts on SINS
by Swissinvest Fri Apr 16, 2021 10:04 am

» VFIN / VPEL / PABC - Share SPLIT or VTWO ?
by WealthKing Fri Apr 16, 2021 8:33 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Thu Apr 15, 2021 11:15 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by learningthemarket Thu Apr 15, 2021 8:18 pm

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™ » AEL Sudden interest

AEL Sudden interest

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

1AEL Sudden interest  Empty AEL Sudden interest Wed May 08, 2013 12:50 pm

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
why AEL Sudden interest ?

2AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 12:52 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes Im also noted it and open the order book and looking at it. May be tomorrow or friday it can be shine... any guesses?

3AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 12:54 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
I had the option of buying either AEL or VONE, went with VONE as it has a promising future, but my broker also recommended AEL.
I heard of political connections which could help them get big contracts in the future. great buy at this price

4AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 12:58 pm

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Takecharge wrote:I had the option of buying either AEL or VONE, went with VONE as it has a promising future, but my broker also recommended AEL.
I heard of political connections which could help them get big contracts in the future. great buy at this price

mmm is that so ??

5AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 1:07 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
@CSE1 wrote:
@Takecharge wrote:I had the option of buying either AEL or VONE, went with VONE as it has a promising future, but my broker also recommended AEL.
I heard of political connections which could help them get big contracts in the future. great buy at this price

mmm is that so ??
exactly. well worth considering.

6AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 2:23 pm

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
@CSE1 wrote:why AEL Sudden interest ?

good observation. from VONE and AEL , i selected AEL.

KAPI under loss, but put some time on it.

7AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 2:26 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Last hour rush is being created for AEL

8AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 2:28 pm

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
@seek wrote:Last hour rush is being created for AEL

not last hour friend. check last 3 days.

9AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 3:00 pm

K&M


Senior Equity Analytic
Senior Equity Analytic
AEL is a great company, im pretty sure they will surprise the markets. There balance sheet is good, cash position is healthy and with the government support they has the potential to become a one of the largest construction companies in south Asia.

If you look at the business from the local context Access is currently second to DOCK but in the medium term im virtually certain they have the capacity to become the highest cap construction company. Im sure most of you guys have noticed the amount work in progress AEL has under them. Therefore its a great opportunity to buy AEL at this price. As a shareholder i would be more satisfied if they can reduce the amount of shares issued maybe through a share buyback.

10AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 3:20 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
well made up my mind, will buy some. Smile

11AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 3:26 pm

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Interest was there for sometime.Is this overbought at this level?

12AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 3:37 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
IPO price is 25. Market hasn’t seen any significant appreciation for this after the IPO. Will this bull trend lift AEL price above its IPO price?

13AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 4:22 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
how much of AEL assets are working capital?

Nearly all the projects expire this year:

Unity Container Terminal
Veyangoda Railway Crossing Flyover
ADB Funded Eastern and North Central Provincial Bridge
Outer Circular Highway Northern Section 1–Piling Works
Proposed G +11 Housing Blocks(4 Nos)With Total Of 546 Dwelling Units Mattala Airport Building Project/ Dialog Aerial Optical Fiber Network Project Dialog Aerial Optical Fiber Network Project
Construction and commissioning of Gated Salinity Barrier across Walawe River at Ambalantota etc etc
Relocation of distribution main along A6 main road from chain age 157+000km to 167+280km
Supply and laying of 400mm Dia.DI transmission main from Kantale to Ganthalawa
Hambantota Port - Harbour Water Tower Project


This is the biggest project on the books - due on 2014 and is worth 2.6b/=
Construction of 1137 housing units at Henamulla


After those projects are finished how much working capital will be written off the B/S? Check for yourself on their website. Wink

14AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 4:40 pm

suja


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Bond, Can you explain why W/C should be written off? Did not get the picture can you enlighten please?

15AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 4:49 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@suja wrote:Bond, Can you explain why W/C should be written off? Did not get the picture can you enlighten please?

I don't know what their accounting rules are and I haven't studied this firm. But some assets are brick and tile. From my limited understanding they have to put a lot of capital to start work on these projects. Final payment should be after the project completion with interim payments made in stages. Some of those hard assets (ie machinery, pilings, temporary material used for structures) would have to be written off.

16AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 5:29 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
Despite the negative comments,as They have pledged to sustain the growth into the future as well. So, I believe, this is a mid to long term, and would be a great investment.

17AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 5:49 pm

K&M


Senior Equity Analytic
Senior Equity Analytic
@Bond wrote:
@suja wrote:Bond, Can you explain why W/C should be written off? Did not get the picture can you enlighten please?

I don't know what their accounting rules are and I haven't studied this firm. But some assets are brick and tile. From my limited understanding they have to put a lot of capital to start work on these projects. Final payment should be after the project completion with interim payments made in stages. Some of those hard assets (ie machinery, pilings, temporary material used for structures) would have to be written off.

Bond, construction contracts are accounts that are created in a four step basis,

1.Before any contract work is started it has to calculate the the total revenue (fix price) ,total cost involved in the contract and its overall profitability.

2. Once the above is determined the firm has to choose a basis to calculate the stage of completion. stage completion can be calculated on a cost basis (cost incurred up to date divided by total cost * 100) or value of work certified basis (work completed divided by revenue). Stage of completion helps company to determine the work done for a specified period.

3. Base on the percentage determined companies recognize the revenue and cost for the period. This profit is generally carried forward to the companies accounts. If the construction is having only a year to complete the contract , it has to create a provision for the next years revenue and cost as well.

4. In the 4th step companies create an extract of its balance sheet. in here it recognized the gross amount due from parties and due to be paid. This calculated by cost inured up to date plus profit recognized in the current year - progress payment received by parties and this is the amount which AEL has stated in there balance sheet under Current assets as 74 Million. that suggest that majority of the payment were received in the current year if not the number would have been much more higher.

There trade receivables must probably come from there renting activities, as far as i know they have the modern machinery and equipments which they lend to other construction work around sri lanka and there getting a considerable return from it.

Hence there is no way that the materials and equipment they used need to be written of after each project, for every single material they use they get paid, otherwise they wont have revenue more than billion.

18AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 6:01 pm

Bond


Manager - Equity Analytics
Manager - Equity Analytics
Thanks that was the sort of info I wanted.
What do you think of the fact that most of the work ends this year?

19AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 6:22 pm

K&M


Senior Equity Analytic
Senior Equity Analytic
@Bond wrote:Thanks that was the sort of info I wanted.
What do you think of the fact that most of the work ends this year?

Well they will take a little break after all the hard work done... after all this construction work people can be very tired Very Happy Machan if you look at the projections Sri Lanka will require 54 Billion USD to complete its infrastructure projects and lets allocate 0.05 for AEL (im pretty sure they will get much more due to the close relationship with the current) still they will go home with 2.7 Billion at current Exchange rate it would be 340 Billion. This just and example how AEL can turn into a south asian power house.

20AEL Sudden interest  Empty Re: AEL Sudden interest Wed May 08, 2013 6:25 pm

K&M


Senior Equity Analytic
Senior Equity Analytic
http://www.lankabusinessonline.com/news/Sri_Lanka_near_term_infrastructure_needs_of_US$53bn:_expert/1212520723

Sponsored content


Back to top  Message [Page 1 of 2]

Go to page : 1, 2  Next

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