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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » AEL Sudden interest

AEL Sudden interest

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21AEL Sudden interest  - Page 2 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.

22AEL Sudden interest  - Page 2 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.

23AEL Sudden interest  - Page 2 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?

24AEL Sudden interest  - Page 2 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.

25AEL Sudden interest  - Page 2 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

26AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Wed May 08, 2013 7:59 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
This share was issued free of charge for AEL staff. so at any price they can sell their shares with profit. Can any body tell whether this will not affect the upward movement?

27AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Wed May 08, 2013 8:44 pm

Backstage

Backstage
Moderator
Moderator
They will also be starting on the Access tower this year.

28AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Thu May 09, 2013 8:41 am

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
K&M wrote:http://www.lankabusinessonline.com/news/Sri_Lanka_near_term_infrastructure_needs_of_US$53bn:_expert/1212520723

this will be good for AEL.. mmm

29AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Thu May 09, 2013 11:24 am

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
is still collecting ???

30AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Thu May 09, 2013 9:43 pm

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
rumor got AEL go to 27-28
it can be ??
any other got it or any news

31AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Thu May 09, 2013 10:43 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
sounds good, hoping to buy more tomorrow. Smile

32AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Fri May 10, 2013 8:42 am

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Takecharge wrote:sounds good, hoping to buy more tomorrow. Smile

http://forum.srilankaequity.com/t28091-top-10-foreign-purchases-sales-of-8th-may#164522

AEL bought foreigners
Smile

33AEL Sudden interest  - Page 2 Empty Re: AEL Sudden interest Fri May 10, 2013 2:42 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@CSE1 wrote:
@Takecharge wrote:sounds good, hoping to buy more tomorrow. Smile

http://forum.srilankaequity.com/t28091-top-10-foreign-purchases-sales-of-8th-may#164522

AEL bought foreigners
Smile

Or foreigners bought AEL? Shocked

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