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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Uncle Harry to Close Down LMF Plant?

Uncle Harry to Close Down LMF Plant?

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1Uncle Harry to Close Down LMF Plant? Empty Uncle Harry to Close Down LMF Plant? Mon Feb 02, 2015 4:28 pm

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Looks like Uncle Harry will have to get rid of his re packing plant.
Although the NAV is RS. 258 the share price of 129 is going down and is an agonising fact that companies need to always keep diversifying to mitigate risks pertains to market share and change in policies. Many business have risk management sytems and reporting by care a shit in day to day affairs until the shit hits the fan.

Then the shit is spread far and wide.
What is the plant worth with the milk powder imports being charged duties and retail selling prices curtailed. The candle is being lit at both ends and the company will go to the watery grave soon. Have a look at the huge drop in revenue and that tells you that his nice and well maintained factory at Welisara will be a white elephant soon.

The staff will have to be transferred and retrenched sooner than later.
The cost of replacing with slenderb margins will suffocate the life out of it.

Any who have shares of LMF beware and get rid even at this stage. It's a very definite no no share!

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