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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » TJL -Is it good to buy?

TJL -Is it good to buy?

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1TJL -Is it good to buy? Empty TJL -Is it good to buy? Wed Aug 07, 2013 6:39 pm

maurya


Stock Analytic
Stock Analytic
can any one please comment on buying TJL for a long term investment at 13.60 ?

2TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 7:22 pm

Market.Player

Market.Player
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Too late now,
Capital alliance promoted this from rs.7 level during last 10-12 monto. Now up by 80 percent.
But, TJL have a good fundamentals plus cash.
Possible uptrend more.

3TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 8:34 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@maurya wrote:can any one please comment on buying TJL for a long term investment at 13.60 ?

yes. it can kit atleast 15 during upcoming bull....

4TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 8:59 pm

maurya


Stock Analytic
Stock Analytic
thanx market player and jana1

5TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 9:32 pm

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@maurya wrote:can any one please comment on buying TJL for a long term investment at 13.60 ?

TJL is one of the best companies listed on the CSE - PER of only 7 when the market is much higher! Has potential to reach 16 within 12 months if they maintain momentum - and they should especially since they earn in dollars and exchange gains will show in next year



Last edited by Humble on Wed Aug 07, 2013 9:47 pm; edited 1 time in total

6TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 9:45 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I feel TJL is good to buy on targeting medium term gain. Good dividend paying counter and results were good specially they are continually increasing Revenue with significant %. Now price also gone up if u can wait it will come down to below 13 in future.

7TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 9:48 pm

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@sandunj wrote:I feel TJL is good to buy on targeting medium term gain. Good dividend paying counter and results were good specially they are continually increasing Revenue with significant %. Now price also gone up if u can wait it will come down to below 13 in future.

But if the market surges, you ll have to wait for a long time! :s

This is such a good share that its a negative beta stock :s even when market moved down this went up!

8TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Wed Aug 07, 2013 10:02 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Humble wrote:
@sandunj wrote:I feel TJL is good to buy on targeting medium term gain. Good dividend paying counter and results were good specially they are continually increasing Revenue with significant %. Now price also gone up if u can wait it will come down to below 13 in future.

But if the market surges, you ll have to wait for a long time! :s

This is such a good share that its a negative beta stock :s even when market moved down this went up!

Ya agreed because of strong financial results and the trend had caused to huge buying currently. On future buying will be eased , as per my memory TJL has never passed IPO price. Am I right? So above 14 it may have some selling pressure too.

9TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 8:17 am

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
TJL IPO price was 15/=.

10TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 9:04 am

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
TJL is the best share in our market at the moment

1. PE ratio is below 15.. as pointed out by humble above. Warren Buffet when investing looked into companies where PER is below 15

2. Market Value to Net asset per share is 1.4.. That is the safety margin. As per Warren Buffet that margin below 1.5 is the best

3. My way of looking at a share is its dividends.. I consider the perpetuity ratio... If the dividends divided by fd rate of the market i get the ideal value of a share... 1.24/ .1 i get the value Rs 12.40.. That is the ideal value for TJL... But in practical world you never get such close

Earlier we had Seylan Bank Non Voting like this.. When it was trading at Rs5.00 it gave a dividend of Rs 1.00.. so it was almost like we are buying something really worth 10 at 5

4. 40% of the company owned by Pacific Textiles.. Check their website , annual report, and financials

5. These subsidiaries with foreign management always maintain a higherdividend payout ratio that can range from 33% to almost 95%. Further the dividends will grow with time than remain constant like Janashakthi.

6. Share is the best if you could have bought at 7.00..Nothing can match to this..Now its trading at 13.60s.. IPO was at 15.00 and there was no underhand private placements... Like EXPo...

7. Market price will go up based on the earning growth... at present it seems to grow steadily... Evaluate the share with the new financial information...

11TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 9:11 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@yellow knife wrote:TJL is the best share in our market at the moment

1. PE ratio is below 15.. as pointed out by humble above. Warren Buffet when investing looked into companies where PER is below 15

2.  Market Value to Net asset per share is 1.4.. That is the safety margin. As per Warren Buffet that margin below 1.5 is the best

3. My way of looking at a share is its dividends.. I consider the perpetuity ratio... If the dividends divided by fd rate of the market i get the ideal value of a share... 1.24/ .1 i get the value Rs 12.40.. That is the ideal value for TJL... But in practical world you never get such close

Earlier we had Seylan Bank Non Voting like this.. When it was trading at Rs5.00 it gave a dividend of Rs 1.00.. so it was almost like we are buying something really worth 10 at 5

4. 40% of the company owned by Pacific Textiles.. Check their website , annual report, and financials

5. These subsidiaries with foreign management always maintain a higherdividend  payout ratio that can range from 33% to almost 95%. Further the dividends will grow with time than remain constant like Janashakthi.

6. Share is the best if you could have bought at 7.00..Nothing can match to this..Now its trading at 13.60s.. IPO was at 15.00 and there was no underhand private placements... Like EXPo...

7. Market price will go up based on the earning growth... at present it seems to grow steadily... Evaluate the share with the new financial information...  


How do you predict this Companys Revenue and Earning will grow

12TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 9:22 am

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Revenue will grow as the middle class numbers are increasing in the world... this product is based on few selected buyers demand.. so we have to look at the growth potential of these few suppliers...

regarding earnings cotton price has stabilized...Since TJL is about to use alternative energy the cost of energy will come down... so the earning will be good...

In the website of PT it is said that the restriction for the growth of TJL in SL is the water quota of BOI

13TJL -Is it good to buy? Empty BUY Thu Aug 08, 2013 12:35 pm

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@maurya wrote:can any one please comment on buying TJL for a long term investment at 13.60 ?

BUY SOON my friend - this is what I warned you about! If its at 15 by next week, waste of an opportunity

Also look at AEL, NTB, LLUB

14TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 5:27 pm

maurya


Stock Analytic
Stock Analytic
thanx a lot to all of your valuable comments...specially yellow knife for your technical view points...all of your comments are quite helpful to me as a beginner.... Very Happy Very Happy Very Happy ...

15TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 5:55 pm

K.Haputantri

K.Haputantri
Co-Admin
yellow knife, could you please elaborate on "water quota of BOI".

16TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 6:22 pm

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi.. Haputantri... I checked the pacific textiles web site..under business....you get awissawella sri lanka...and following is what i found...


Avissawella, Sri Lanka

To further diversify its geographical reach, we strategically expanded the operation to Sri Lanka in 2004. The facility, operating on a round-the-clock basis, adds over ten million pounds to the Company’s annual production volume, predominantly focused on knitting and dyeing exclusively.

We obtain water from facilities operated by the Board of Investment of Sri Lanka (BOI). Waste water produced from the manufacturing process undergoes chemical treatment at its wastewater treatment plant prior to being transferred back to the BOI facilities for additional treatment and subsequent discharge into waterways. The BOI regulates the amount of water available to us. Limits on the amount of water available to us have been a principal constraint on the ability to increase production at the Sri Lanka facility. In August 2006, we were able to obtain from the BOI an increase of approximately 75% in its daily water quota

17TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 7:41 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
TJL IPO price was 15.. A lot await to reclaim their money when this reaches 15.. Some may have already disposed since it reached 14 today.
But as for an investment, this is not bad.. TJL has been slowly moving up from 10 onwards unnoticed..

18TJL -Is it good to buy? Empty TJL 15/= Thu Aug 08, 2013 9:48 pm

sri.desapriya


Stock Trader
@maurya wrote:can any one please comment on buying TJL for a long term investment at 13.60 ?
i think that TJL going 15/= up...

19TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Fri Aug 09, 2013 10:58 pm

K.Haputantri

K.Haputantri
Co-Admin
@yellow knife wrote:Hi.. Haputantri... I checked the pacific textiles web site..under business....you get awissawella sri lanka...and following is what i found...


Avissawella, Sri Lanka

To further diversify its geographical reach, we strategically expanded the operation to Sri Lanka in 2004. The facility, operating on a round-the-clock basis, adds over ten million pounds to the Company’s annual production volume, predominantly focused on knitting and dyeing exclusively.

We obtain water from facilities operated by the Board of Investment of Sri Lanka (BOI). Waste water produced from the manufacturing process undergoes chemical treatment at its wastewater treatment plant prior to being transferred back to the BOI facilities for additional treatment and subsequent discharge into waterways. The BOI regulates the amount of water available to us. Limits on the amount of water available to us have been a principal constraint on the ability to increase production at the Sri Lanka facility. In August 2006, we were able to obtain from the BOI an increase of approximately 75% in its daily water quota
BOI boasts about facilitating the FDI but they also have controls restricting the production process of investors. ? What a contradiction! Thanks fotr exposing this issue.

20TJL -Is it good to buy? Empty Re: TJL -Is it good to buy? Fri Aug 09, 2013 11:24 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
at 14.2, doesn't to seem to be close to it's peak price? or will it keep going up like LLUB and few others?

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