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

TJL -Is it good to buy?

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21TJL -Is it good to buy? - Page 2 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

22TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Thu Aug 08, 2013 7:41 pm

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..

23TJL -Is it good to buy? - Page 2 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...

24TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Fri Aug 09, 2013 10:58 pm

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.

25TJL -Is it good to buy? - Page 2 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?

26TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Sat Aug 10, 2013 7:24 am

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ccsentha wrote: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?
If the overall market moves up, it ll go up even more. P/E still at 8 or so - market P/E at 12 :s So more potential to go up. PBV also ok.

27TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Sat Aug 10, 2013 1:42 pm

ansar


Manager - Equity Analytics
Manager - Equity Analytics
I have some TJL shares bought at IPO for 15/=.
They have been growing strongly and paying the  following dividend:
23.2.2012          0.12
24.5.2012          0.36
07.2.2013          0.66
01.6.2013          0.58
*See CSE LINK
Total paid         1.70 per share
I gained it for my investment.
So the current value of my investment is just Rs13.30 per share. (Last traded @ 14.20)
Even though it has taken a very difficult period of 2 years, they haven't abandoned us

28TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Sat Aug 10, 2013 3:17 pm

K.Haputantri

K.Haputantri
Co-Admin
@ansar wrote:I have some TJL shares bought at IPO for 15/=.
They have been growing strongly and paying the  following dividend:
23.2.2012          0.12
24.5.2012          0.36
07.2.2013          0.66
01.6.2013          0.58
*See CSE LINK
Total paid         1.70 per share
I gained it for my investment.
So the current value of my investment is just Rs13.30 per share. (Last traded @ 14.20)
Even though it has taken a very difficult period of 2 years, they haven't abandoned us
Keep it as company results are encouraging.

29TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Sat Aug 10, 2013 5:52 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ansar wrote:I have some TJL shares bought at IPO for 15/=.
They have been growing strongly and paying the  following dividend:
23.2.2012          0.12
24.5.2012          0.36
07.2.2013          0.66
01.6.2013          0.58
*See CSE LINK
Total paid         1.70 per share
I gained it for my investment.
So the current value of my investment is just Rs13.30 per share. (Last traded @ 14.20)
Even though it has taken a very difficult period of 2 years, they haven't abandoned us
TJL has a policy of rewarding shareholders - its a great share. Its a BUY even at these rates since the PE and PBV is still healthy given the great earnings growth

30TJL -Is it good to buy? - Page 2 Empty No selling Sat Aug 10, 2013 10:25 pm

ansar


Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote: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..
When it is performing better, the long waited investor can await for a better price. I feel now only TJL is gearing up even at this bearish market, it jumped up by 60 cents to close at the highest with big vol:idea: Very Happy 

31TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Fri Aug 16, 2013 1:29 pm

sandunj


Senior Manager - Equity Analytics
Senior 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.
Buying is eased and selling pressure creating it price down. Look at below 13. Good investment and with a good dividend yield.

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
TJL has come to attractive levels due to profit taking. A company with an Rs 8 billion market capitalization making Rs 1 billion profits: excellent

In March, Textured Jersey grew annual net profit by 62%; hit Rs. 1 bn mark

"Textured Jersey Lanka PLC (TJL), Sri Lanka's leading provider of knit fabric, has delivered an impressive Rs.1.02 bn in net profit for the full year ended 31st March 2013 (FY2012/13), an increase of 62% year on year, as per the latest results released to the Colombo Stock Exchange (CSE)".

Q on Q, there's been an increase of almost 40% so maybe net profit for this financial year will touch 1.5 billion - Textured Jersey 1Q FY13/14 profit up 40% year on year

Last Q, Rs.0.58/share final dividend brings the FY12/13 combined pay out to 80% of FY12/13 full year profits

If so, we can perhaps expect a dividend of almost rs 3 given their dividend policy if there is a significant increase in profits in next Q as well. Given the ruppee depreciation + cotton price movements, the company could have an outstanding quarter. Brandix leaders are well known for their brilliant management as well.

DISCLAIMER: please do your own research before making a buy decision: do not be influenced by my post or anyone else's.

33TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Tue Aug 20, 2013 5:31 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Balanced_Views wrote:TJL has come to attractive levels due to profit taking. A company with an Rs 8 billion market capitalization making Rs 1 billion profits: excellent

In March, Textured Jersey grew annual net profit by 62%; hit Rs. 1 bn mark

"Textured Jersey Lanka PLC (TJL), Sri Lanka's leading provider of knit fabric, has delivered an impressive Rs.1.02 bn in net profit for the full year ended 31st March 2013 (FY2012/13), an increase of 62% year on year, as per the latest results released to the Colombo Stock Exchange (CSE)".

Q on Q, there's been an increase of almost 40% so maybe net profit for this financial year will touch 1.5 billion - Textured Jersey 1Q FY13/14 profit up 40% year on year

Last Q, Rs.0.58/share final dividend brings the FY12/13 combined pay out to 80% of FY12/13 full year profits

If so, we can perhaps expect a dividend of almost rs 3 given their dividend policy if there is a significant increase in profits in next Q as well. Given the ruppee depreciation + cotton price movements, the company could have an outstanding quarter. Brandix leaders are well known for their brilliant management as well.

DISCLAIMER: please do your own research before making a buy decision: do not be influenced by my post or anyone else's.
I wouldn't say that is profit taking. The buyer either got exit or bought enough qty for the time being. It needs time to run again. It will further come down to settle...

34TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Tue Aug 20, 2013 1:25 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I added this to a TJL discussion since Balanced_view keep on talking about TJL. To me, the continuous talking of 1 share opening new threads seems a promotion..

Some ppl will never stop educating others promoting..

35TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Tue Aug 20, 2013 4:08 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
TJL,TJL, many similar companies in cse,
lets talk about something else like, JKH for a change.a stock going somewhere.



Last edited by Takecharge on Tue Aug 20, 2013 4:10 pm; edited 1 time in total (Reason for editing : word)

36TJL -Is it good to buy? - Page 2 Empty Re: TJL -Is it good to buy? Wed Aug 28, 2013 1:20 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@sandunj wrote:
@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.
Medium-term and long-term investors,
Keep an eye on TJL. Below 13 attractive... Buy qtywise , collect for your future...

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