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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CIC 31.12.2013

CIC 31.12.2013

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1CIC 31.12.2013 Empty CIC 31.12.2013 Sat Feb 15, 2014 11:38 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/493_1392299346581.pdf

Loss for 9 months 396 Mn, if we removed the one of gain from the FV gain on the loss of control on Chemcel, it will be around 853 Mn, for 9 months.

Rs. 2.96 Bn received subsequently from the Govt, they can save approx 240 Mn interest for the year, future supplies to the govt?

Based on these what will be the adjust price for this share?

2CIC 31.12.2013 Empty Re: CIC 31.12.2013 Sun Feb 16, 2014 7:43 am

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
CIC is under a major restructure program with the resignation of it's chairman. They will concentrate more on their core business and but not surprisingly exit from fertilizer business.
I personally know there have been few unthinkable shortcomings in their basic internal control systems which have cost them too.
(I'm sorry I can't elaborate more on this)

3CIC 31.12.2013 Empty Re: CIC 31.12.2013 Tue Feb 18, 2014 3:53 pm

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
I am also studying this company /stock for some time,  but it seems there is not much hope for the future.

They are divesting paint business , Link Natural is incurring losses , heavy borrowings,  large outstanding from Govt, even after part settlement, No coherent strategy, only reassuring words , etc, etc. .
If someone is still holding , from 2013 HIGHs,  time to seriously consider .

4CIC 31.12.2013 Empty Re: CIC 31.12.2013 Tue Feb 18, 2014 3:59 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@knockknobbler wrote:I am also studying this company /stock for some time,  but it seems there is not much hope for the future.

They are divesting paint business , Link Natural is incurring losses , heavy borrowings,  large outstanding from Govt, even after part settlement, No coherent strategy, only reassuring words , etc, etc.  .
If someone is still holding , from 2013 HIGHs,  time to seriously consider .

@Knock how you find Link Natural incurring losses??

5CIC 31.12.2013 Empty Re: CIC 31.12.2013 Wed Feb 19, 2014 8:03 am

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
@Leon wrote:

@Knock how you find Link Natural incurring losses??

I looked at segment analysis,
I think  Link Natural is in  -Consumer and Pharmaceutical- segment.  Turnover 4.1 billion. Segment result - loss of  411 million , that is even  before financial cost !

These ....shortcomings with internal controlling systems ...( you have mentioned ), are those with Link Natural  or the Group ?

I also was familiar with Link Natural  operations, senior people  ,upto about year 2000,  not much knowledge thereafter.  As I see, they have not  introduced new products or expanded markets for last 10-15 years.

6CIC 31.12.2013 Empty Re: CIC 31.12.2013 Thu Feb 20, 2014 10:24 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@knockknobbler wrote:
@Leon wrote:

@Knock how you find Link Natural incurring losses??

I looked at segment analysis,
I think  Link Natural is in  -Consumer and Pharmaceutical- segment.  Turnover 4.1 billion. Segment result - loss of  411 million , that is even  before financial cost !

These ....shortcomings with internal controlling systems ...( you have mentioned ), are those with Link Natural  or the Group ?

I also was familiar with Link Natural  operations, senior people  ,upto about year 2000,  not much knowledge thereafter.  As I see, they have not  introduced new products or expanded markets for last 10-15 years.


It is in the group. They have introduced quite a few products. Samahan balm,Hair care cool,cosmetic range...Sudantha doing fine these days. By the way who are the senior people you know there??

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