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Glas - Audited financial statements . 31/03 /2011 Vote_lcap11%Glas - Audited financial statements . 31/03 /2011 Vote_rcap 11% [ 21 ]
Glas - Audited financial statements . 31/03 /2011 Vote_lcap20%Glas - Audited financial statements . 31/03 /2011 Vote_rcap 20% [ 38 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Glas - Audited financial statements . 31/03 /2011

Glas - Audited financial statements . 31/03 /2011

+7
Academic
Gaja
smallville
gfte
Intrinsic
econ
milanka
11 posters

Go down  Message [Page 1 of 1]

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

http://www.cse.lk/cmt/upload_report_file/666_1303816969198.03.2011.pdf

http://forum.srilankaequity.com/u188

econ

econ
Global Moderator

it seems they have bounced back well from a loss last year.
currently trade at fair value with around 19 PER

Intrinsic


Manager - Equity Analytics
Manager - Equity Analytics

Friends, Have they announced any dividends for 2010/11 ?
Thanks,

4Glas - Audited financial statements . 31/03 /2011 Empty dividend GLas Tue Apr 26, 2011 7:14 pm

gfte

gfte
Senior Equity Analytic
Senior Equity Analytic

yes 0.30cents/share ,
dates to be noticed

5Glas - Audited financial statements . 31/03 /2011 Empty Last Quarter 2010 Analysis. Tue Apr 26, 2011 7:20 pm

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

Last Quarter 2010 Analysis.

http://forum.srilankaequity.com/t34-piramal-glass-rev-up-28-to-rs-11-bln-in-last-quarter

http://forum.srilankaequity.com/u188

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

EPS was 0.61.. My expectations was at least 0.66 EPS.. since the MFG sector PE has come down to 23.3 on a fair valuation this doesn't attractive more than the current price now.. ;(

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

I couldn't find the top 20 shareholder details

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Simply, it is overvalued. The reason is PE ratio is largely determined by future growth of EPS. As I explained in http://forum.srilankaequity.com/t1310-piramal-glass-glas#20086 GLAS's real sales growth is limited. So it do not deserve sector PE 23. IMHO, even 19 is little overvalued.

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Academic wrote:
Simply, it is overvalued. The reason is PE ratio is largely determined by future growth of EPS. As I explained in http://forum.srilankaequity.com/t1310-piramal-glass-glas#20086 GLAS's real sales growth is limited. So it do not deserve sector PE 23. IMHO, even 19 is little overvalued.
Currently trading on PE ratio closed to 19. So it's fairly valued (not overvalued). It may appreciate little further expecting similar profit in the next quarter.
disclosure : I am not holding GLAS shares in my portfolio

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

GLAS 4Q net profit is Rs179 mn, down slightly from Rs190 mn in 3Q.

Annualising 4Q earnings, on basis of the last three strong quarters, gives a forecast forward FY12E EPS of around Rs0.75 - which still gives a forward PER of over 15x at Rs11/50, which is probably fair value for monopolistic market position.

But export sales have fallen yoy, and company still has rather high gearing (benefited from low interest rates in FY11).

mark

mark
Expert
Expert

this is fairly valued now.........attractive share for long term investment..

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

http://www.ft.lk/2011/04/27/primal-glass-shines-with-best-ever-performance-in-201011/

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thanks for very useful information. GLAS seem to have a good future.

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