TEXTURED JERSEY LANKA PLC (TJL.N0000)

D.G.Dayaratne · 51 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 8:55 pm

D.G.Dayaratne

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NDB stock Brokers recommend to buy TJL

Reasons

1 Cost reduction of raw materials

2 Improved performance

ddrperera · 52 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 10:48 pm

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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......

epicinvestor · 53 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 10:52 pm

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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

SHARK aka TAH · 54 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Oct 27, 2014 11:25 pm

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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

ddrperera · 55 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Tue Oct 28, 2014 10:17 am

ddrperera

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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) - Q1 FY 15 - BUY.pdf: research report target 23.....; You don't have permission to download attachments.; (197 Kb) Downloaded 11 times

ChateauC · 56 Textured Jersey with GSP Sun Sep 27, 2015 8:51 pm

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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 ...

ccsentha · 57 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 1:45 am

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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?

jayathu · 58 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 1:59 am

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All lies, brandix will sell its stake.

jayathu · 59 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 2:00 am

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My bad, brandix WONT sell its stake.

omegaplus · 60 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 5:27 am

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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.

capitallinkceylon · 61 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:23 am

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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

troy · 62 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:45 am

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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.

jayathu · 63 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:50 am

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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.

ChateauC · 64 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 12:35 pm

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

piras · 65 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 2:24 pm

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Brokers recommend to collect TJL

AK_47 · 66 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 8:03 pm

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

...

Eng Krishantha · 67 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 11:02 pm

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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

jayathu · 68 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 11:41 pm

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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.

Eng Krishantha · 69 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Sep 28, 2015 11:45 pm

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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.

Udara Rangana · 70 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Wed Sep 30, 2015 5:19 am

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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

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

krishna · 71 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Thu Oct 01, 2015 11:16 am

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

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

hotstock · 72 Textured Jersey (TJL) Sun Mar 13, 2016 1:30 pm

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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?

kumarweerarathne · 73 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sun Mar 13, 2016 6:17 pm

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My target is 45 plus before Sept 2016.

Mr. Belfort · 74 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sat Apr 02, 2016 10:48 am

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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)

nimantha80 · 75 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sat Apr 02, 2016 10:53 am

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TJL price=forign fund activity(from Europe)

Thushara Ayya · 76 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Sat Apr 02, 2016 8:43 pm

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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.

Thushara Ayya · 77 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 9:26 am

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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

nimantha80 · 78 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 12:14 pm

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

buying continues

chamith · 79 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 4:47 pm

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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

nis2010 · 80 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000) Mon Apr 04, 2016 6:50 pm

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

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TEXTURED JERSEY LANKA PLC (TJL.N0000)

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

D.G.Dayaratne

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

ddrperera

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

epicinvestor

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

SHARK aka TAH

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

ddrperera

56 Textured Jersey with GSP Sun Sep 27, 2015 8:51 pm

ChateauC

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

ccsentha

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

jayathu

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

jayathu

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

omegaplus

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

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

troy

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

jayathu

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

ChateauC

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

piras

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

AK_47

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

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jayathu

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

Eng Krishantha

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

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

krishna

72 Textured Jersey (TJL) Sun Mar 13, 2016 1:30 pm

hotstock

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

kumarweerarathne

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

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

nimantha80

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

Thushara Ayya

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

Thushara Ayya

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

nimantha80

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

chamith

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

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81 Re: TEXTURED JERSEY LANKA PLC (TJL.N0000)

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