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TEXTURED JERSEY LANKA PLC (TJL.N0000)

+35
Dangaya
A+
Teller
nis2010
chamith
Thushara Ayya
nimantha80
Mr. Belfort
hotstock
krishna
Udara Rangana
AK_47
piras
troy
capitallinkceylon
omegaplus
jayathu
ChateauC
epicinvestor
kumarweerarathne
RPPA
kadik
SHARK aka TAH
ccsentha
stocktrader
rangananwr
D.G.Dayaratne
Eng Krishantha
nickjava
anges
kalanaym
ecse
investorsl
Balanced_Views
ddrperera
39 posters

Go to page : Previous  1, 2, 3, 4  Next

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51TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 8:55 pm

D.G.Dayaratne


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

NDB stock Brokers recommend to buy TJL

Reasons

1 Cost reduction of raw materials

2 Improved performance

52TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 10:48 pm

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

kumarweerarathne wrote:Sorry to tell you , textiles will not have a good time due to lack of interest by US & EU in near future , thats the bitter truth. so investors reluctant to pump..

continuously 3 days foreign purchase...y investor bought..they very well know about their market....anyway profit flat good for healthy run see AEL ran last quarter profit flat up from 24-33......

53TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 10:52 pm

epicinvestor


Senior Equity Analytic
Senior Equity Analytic

D.G.Dayaratne wrote:NDB stock Brokers recommend to buy TJL

Reasons

1 Cost reduction of raw materials

2 Improved performance

Even bartleet recommends a buy on this stock

54TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 11:25 pm

SHARK aka TAH


Expert
Expert

epicinvestor wrote:
D.G.Dayaratne wrote:NDB stock Brokers recommend to buy TJL

Reasons

1 Cost reduction of raw materials

2 Improved performance

Even bartleet recommends a buy on this stock
Epic can you post the Bartleet report on TJL

Thanks

55TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Tue Oct 28, 2014 10:17 am

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

SHARK aka TAH wrote:
epicinvestor wrote:
D.G.Dayaratne wrote:NDB stock Brokers recommend to buy TJL

Reasons

1 Cost reduction of raw materials

2 Improved performance

Even bartleet recommends a buy on this stock
Epic can you post the Bartleet report on TJL

Thanks
Attachments
TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 AttachmentTextured Jersey Lanka PLC (TJL) - Q1 FY 15 - BUY.pdf
research report target 23.....
You don't have permission to download attachments.
(197 Kb) Downloaded 11 times

56TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Textured Jersey with GSP Sun Sep 27, 2015 8:51 pm

ChateauC


Senior Equity Analytic
Senior Equity Analytic

TJL will run with help of Germany, better time to collect I got a news that leading billionaire is going to take everything will be sold in the future ...

57TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 1:45 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

If i remember correctly, about a month back Pacific hongkong and brandix announced that they will hold at least 51% for 5 years, in that case, how will they sell?

58TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 1:59 am

jayathu


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

All lies, brandix will sell its stake.

59TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 2:00 am

jayathu


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

My bad, brandix WONT sell its stake.

60TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 5:27 am

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics

At this point TJL is steadily   growing company, which Brandix will not sell. At least till company get to next level. Just before GSP + , they know it's going to be a good road ahead. 
I think it will be a great company and Brandix will not sell it for at least next few years.

61TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:23 am

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ChateauC just putting false news to promote this share. This company is a fundamental share where price will appreciate in mid term. GSP+ will carry this to 40

62TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:45 am

troy

troy
Moderator
Moderator

I dont think GSP is going to create a big difference to company's bottom line. TJL's productions were unique and even without GSP the demand for the same was there. Only + market sentiment will carry its price at this juncture.

63TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:50 am

jayathu


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

Yeah true, in the short term after getting GSP+ won't impact TJL bottom line that much. In the long run they will integrate there Indian operation and expand there business due to excess demand created through GSP+. I totally agree with you that only market sentiment will carry its price at this juncture. it has reach its peak value of 32 under current financial performance.

64TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 12:35 pm

ChateauC


Senior Equity Analytic
Senior Equity Analytic

@jayathu If I am not mistaken Jayathu as a qualified CFA please give your perspective this as a mid term investment .

65TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 2:24 pm

piras

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

Brokers recommend to collect TJL

66TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:03 pm

AK_47


Stock Trader

brokers recommendations will not workout always my dear friend... i have enough experiences lol! lol! lol! ...

67TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 11:02 pm

Eng Krishantha

Eng Krishantha
Expert
Expert

We can’t expect sudden boost for TJL, But it will be going up gradually. But I haven’t collected at least one share at this time.


cheers cheers cheers

68TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 11:41 pm

jayathu


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

We can't expect sudden boost of this share. There current financial values says this is overvalued at the moment. But due to recent acquisitions there's a bit of a premium attach to this share.
it will take at least another 4 to 6 months to get GSP+. When we get that this share will reach 40 mark instantly.
@ChateauC Don't publish false news in this forum. I have some friends at brandix, they're fully committed to TJL project. Your news might be connected to Dian Gomez and some partners breakaway company which is acquiring some local companies to rival MAS n BRANDIX n hidramani.

69TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 11:45 pm

Eng Krishantha

Eng Krishantha
Expert
Expert

jayathu wrote:We can't expect sudden boost of this share. There current financial values says this is overvalued at the moment. But due to recent acquisitions there's a bit of a premium attach to this share.
it will take at least another 4 to 6 months to get GSP+. When we get that this share will reach 40 mark instantly.
@ChateauC Don't publish false news in this forum. I have some friends at brandix, they're fully committed to TJL project. Your news might be connected to Dian Gomez and some partners breakaway company which is acquiring some local companies to rival MAS n BRANDIX n hidramani.

Great.

70TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Wed Sep 30, 2015 5:19 am

Udara Rangana

Udara Rangana
Equity Analytic
Equity Analytic

Outlook upgraded plus a possible safe haven from Rupee exposure: BUY
TJL’s bottom line for Q1 FY 16 grew 25.6% YoY to LKR 206mn resulting in an EPS of LKR 0.31 (BRS estimate – LKR 0.33). The net profit included one month consolidation of Quenby Lanka Prints (QLP). EBIT margin improved to 6.8% (Q1 FY 15 – 4.6%) despite a 41% YoY increase in admin expenses. Due to the capacity expansion and relatively stable cotton prices, the GP margin rose to 11.7% compared to 8.2% a year earlier. TJL achieved a 3.1% YoY growth in top line supported by demand for value added products along with the consolidation. TJL is also in the process of finalizing the Ocean India acquisition which would be reflected partly in Q2 FY 16E. Given the expansion and the protection the investment offers from a shaky LKR outlook, we have upgraded our view and target price to LKR 34.65 (+9% to CMP) increasing the target debt to 30%. The total return (including DPS of LKR 1.40) is at LKR 36 (+13.4% to CMP). We upgrade to BUY.
TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Image003-2
Top line growth driven by value added products
TJL recorded a top line growth of 3.1% in Q1 FY 16 to LKR 2.76bn aided by the QLP acquisition and growth in value added products. The 10% -12% capacity expansion during FY 2014 end, enabled TJL to cater to the increase in demand from top clients. Further, as mentioned previously, the consolidation of Ocean India in September ’15 would add another 50% capacity, benefitting the group in the medium to long term. We forecast net revenue growth of 30.8% YoY to LKR 17.89bn and 14.7% YoY to LKR 20.52bn in FY 2016E and FY 2017E respectively.
 
Dividend payout to improve despite acquisition capex
We have maintained dividend payout forecasts at ~68% during FY 2016E – FY 2018E, given the top management assurance of the same. During the quarter, TJL has borrowed LKR 1.4bn on short term to optimize cash flow management, increasing its cash balance to LKR 3.46bn. Hence, we believe the expected cash outflow in lieu of Ocean India acquisition (USD 7.5mn) would not hurt TJL’s dividend payout in the forecast period.
 
13.4% upside on total return, plus the shielding from a shaky outlook on the Rupee
We have upgraded our DCF based target price to LKR 34.65 and total return to LKR 36 as we have increased the target debt to 30%. As TJL is on a growth phase, we expect the company to take advantage of cheaper borrowings. On relative valuations, TJL is trading at a forward PER of 15.2x (FY 2016E – EPS LKR 2.09). We also believe TJL offers investors an attractive safe haven from a possible near term Rupee depreciation.
Read the full report by – BRS Equity Research

71TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Thu Oct 01, 2015 11:16 am

krishna

krishna
Senior Equity Analytic
Senior Equity Analytic

https://www.cse.lk/cmt/upload_cse_announcements/7231443587671_.pdf

before buy ....we have to wait some period

72TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Textured Jersey (TJL) Sun Mar 13, 2016 1:30 pm

hotstock


Manager - Equity Analytics
Manager - Equity Analytics

Based on my limited technical knowledge, its looking bullish - RSI ~50 and Signal line (.73) just crossed the MACD (.71) and fundamentals are strong.

What you guys think?

73TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sun Mar 13, 2016 6:17 pm

kumarweerarathne

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

My target is 45 plus before Sept 2016.

74TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sat Apr 02, 2016 10:48 am

Mr. Belfort

Mr. Belfort
Manager - Equity Analytics
Manager - Equity Analytics

TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Tjl_we10

This, by any means, is not a recommendation to buy, sell or hold. But simply my personal perspective. Please share your views.



Last edited by Mr. Belfort on Sat Apr 02, 2016 11:00 am; edited 1 time in total (Reason for editing : misspelled words)

75TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sat Apr 02, 2016 10:53 am

nimantha80


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

TJL price=forign fund activity(from Europe)

76TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sat Apr 02, 2016 8:43 pm

Thushara Ayya

Thushara Ayya
Moderator
Moderator

They (TJL) are doing very well. The CEO and BOD are  good. I know the CEO personally. He showed the performance in Microsoft Sri Lanka earlier... Now TJL....
Let's see gradually growing good share in the market.

77TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 9:26 am

Thushara Ayya

Thushara Ayya
Moderator
Moderator

The dividends are good, look these info,

Date of Announcement: - 02.Feb.2016
Rate of Dividend: - Rs. 0.60 per share / First Interim Dividend
Financial Year: - 2015/2016
XD: - 12.Feb.2016
Payment: - 24.Feb.2016

Date of Announcement: - 07.Jul.2015
Dividend per Share: - Rs. 0.80 per share / Final Dividend
Financial Year: - 2014/2015
Shareholder Approval: - Required
AGM: - 06.Aug.2015
XD: - 07.Aug.2015
Payment: - 17.Aug.2015


Date of Announcement: - 29.Jan.2015
Dividend per Share: - Rs. 0.50 per share / First Interim Dividend
Financial Year: - 2014/2015
XD: - 11.Feb.2015
Payment: - 23.Feb.2015


Date of Announcement: - 20.May.2014
Dividend per Share: - Rs. 0.80 per share / Final Dividend
Financial Year: - 2013/2014
Shareholder Approval: - Required
AGM: - 07.Aug.2014
XD: - 08.Aug.2014
Payment: - 18.Aug.2014

Date of Announcement: - 28.Jan.2014
Dividend per Share: - Rs. 0.50 per share / First Interim Dividend
Financial Year: - 2013/2014
XD: - 07.Feb.2014
Payment: - 19.Feb.2014

78TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 12:14 pm

nimantha80


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

nimantha80 wrote:TJL price=forign fund activity(from Europe)
buying continues

79TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 4:47 pm

chamith

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

I have been collecting this from the start of the year. Anyway i m in it for long.

Possible reinstatement of GSP+ will have obvious benefits to the industry.

They have recently invested on expanding the capacity of the facilities, and recently installed a some kind of boiler to reduce the consumption of energy. This boiler project was delayed and expected to show the saving in the Q1 of 2016. 

Foreign Exchange gains as the rupee depreciate

Number of acquisitions were done recently, therefore benefit of these are yet arrive. Also the firm is cash rich.

But above all of that this is a start up JV, with a good management and board. I am expecting Rs 0.90 Final div by June, July

80TEXTURED JERSEY LANKA PLC (TJL.N0000) - Page 3 Empty Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 6:50 pm

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

foreigners are collecting tjl these days, if ASI keep uptrend then TJL may have short term  target 35-36

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