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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » SIERRA CABLES PLC (SIRA.N0000)

SIERRA CABLES PLC (SIRA.N0000)

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1SIERRA CABLES PLC (SIRA.N0000) Empty SIERRA CABLES PLC (SIRA.N0000) Mon Feb 14, 2011 9:11 pm

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic

Sierra Cables PLC is engaged in the manufacturing and sale of cables, wires and conductors primarily for electrification and telecommunication purposes. The Company is involved in the manufacturing, marketing and distributing of copper and aluminum cable products. Its product portfolio includes Low Smoke Halogen Free (LSHF) Unarmoured Power Cables, LSHF Armourd Power Cables, Control Cables, Aerial Bundle Conductors, Aluminium Conductors, Auto Cables, Unarmoured Cables (Multi-Core), Co-axial Cables, Telecommunication Cables, Earth Cables and LSHF Earth cable. The Company offers Armoured and Un Armoured Cables, including Armoured Cables-polyvinyl chloride (PVC), Armoured Cables-cross-linked polyethylene (XLPE), Al-Armoured Cables-PVC, Al-Armoured Cables-XLPE, Un Armoured Cables-PVC and Un Armoured Cables-XLPE. Under Domestic and Industrial Cables, the Company offers Low Power Internal Wiring Cables, Low Power Light Flexible Cords and Motor Vehicles General Wiring Cables.

SIRA is gradually shifting from CEB tender projects towards the dealer (retail) market, where the margins are higher. Furthermore, SIRA has secured a contract worth approximately Rs 1 Bn from the Iranian Funded Rural Electrification Project to provide Aerial Bundle Cables (ABC).

Public and private infrastructure development activities kicking in the post-war development phase of Sri Lanka would also help raise SIRA’s future earnings and it is currently upgrading its capacity and facilities to cater to the surge in demand. SIRA also plans to diversify into hydro power and has expressed interest in moving into the leisure sector. We expect these measures to hold strong growth prospects for the group.

Global copper prices have risen about 50% over the last year, and analyst expects them to rise further in 2011 due to increased demand from China. However, SIRA is shifting to ABC which uses aluminium as the key raw material. Aluminium prices have not appreciated compared to copper, and to that extent SIRA is less exposed to a possible increase in copper prices.
Source: NDB Stock Brokers

2SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Feb 14, 2011 9:14 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Excellent stuff.

materialization and price appreciation will push demand for this share in the future. Must hold on to mine with patience! Very Happy

3SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Feb 14, 2011 9:17 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

is it there in there website?

4SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Feb 14, 2011 9:22 pm

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic

It's not in their website, its for internal circulation which i wanted to share with you all for your benefit.

5SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Feb 14, 2011 9:23 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

thank u

6SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Feb 14, 2011 9:55 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics

i am not mistaken, i remember ACL made a loss or their profits were significantly down in 2005/2006 due to global price increase in copper. This year copper appreciated more than 100% and profits may be effected. Going forward, the forecast are such that copper in the number one in base metal segment.

Be carefull with cables!

7SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Tue Feb 15, 2011 5:39 pm

TortoizePlus

TortoizePlus
Manager - Equity Analytics
Manager - Equity Analytics

salt wrote:i am not mistaken, i remember ACL made a loss or their profits were significantly down in 2005/2006 due to global price increase in copper. This year copper appreciated more than 100% and profits may be effected. Going forward, the forecast are such that copper in the number one in base metal segment.

Be carefull with cables!

You can see that their cost of sales has increased in higher percentages than to turnover but with their proposed diversification in lesuire and hydro power sectors this will have more value in the future.

Period Turnover Cost of Sales
2009-09-30 445.8 Mn 331.9 Mn
2010-03-31 591.6 Mn (32.7%) 478.6 Mn (44.2%)
2010-09-30 717.1 Mn (21.2%) 622.8 Mn (30.1%)

Check top 20 shareholders in the list,
Seylan Bank, EPF, PABC, BOC, LOLC, NSB etc..

8SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Tue Feb 15, 2011 9:57 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

MY view is; with their new diversification interest, company might be focusing on revenue increase in big time.. With that announcement this has passed 6 and came back to 5.00 but once we recieve some positive news again, this might have a huge chance of going up.. long term investors have realized the sira value in SIRA ;-)

9SIERRA CABLES PLC (SIRA.N0000) Empty Sierra Cables Hit the previous High 6/= Sun Nov 30, 2014 3:05 pm

Jana

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

Asha Philips recommend SIRA to buy.
It can be reach previous high 6/= soon

I also to buy bit more ( already bought small Qty in 3/=)
how is this?
SIERRA CABLES PLC (SIRA.N0000) Sira10

10SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 3:08 pm

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SIRA one of the best stock at low price and high profits

11SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 3:24 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SIRA next Quarterly financial report they will show the earning per share atleast .50 cents

Because they sold CIND and easy target 6.00

12SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 4:37 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

These people releases such reports only after the prices have moved.

This was trading at Rs.2-2.20. But nobody care a shit. And once it moved everybody saying it's good to buy. releasing research reports and some technical graphs aswell.

My broker too Asha Phillips Securities but when I inquire about SIRA when this was trading Rs.2.20-2.40 he said too much share quantity it cannot push much.

Now what has happened same brokering firm releases a research report to buy it at Rs.3/-

13SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 5:02 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

indi009 wrote:These people releases such reports only after the prices have moved.

This was trading at Rs.2-2.20. But nobody care a shit. And once it moved everybody saying it's good to buy. releasing research reports and some technical graphs aswell.

My broker too Asha Phillips Securities but when I inquire about SIRA when this was trading Rs.2.20-2.40 he said too much share quantity it cannot push much.

Now what has happened same brokering firm releases a research report to buy it at Rs.3/-

They recommended after the financial report released good profits up SIRA

14SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 5:22 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Gainer wrote:
indi009 wrote:These people releases such reports only after the prices have moved.

This was trading at Rs.2-2.20. But nobody care a shit. And once it moved everybody saying it's good to buy. releasing research reports and some technical graphs aswell.

My broker too Asha Phillips Securities but when I inquire about SIRA when this was trading Rs.2.20-2.40 he said too much share quantity it cannot push much.

Now what has happened same brokering firm releases a research report to buy it at Rs.3/-

They recommended after the financial report released good profits up SIRA

I thought research team recommend shares based on the current demand on that specific sector and the contracts that specific company is getting.

Just imaging why AEL moved??? Because of the current boom in the construction sector and also the Colombo-Jaffna highway and other highways which AEL is doing Subcontracts.

These are all future values.

Everyone can go through financial reports and recommend, you don't need a research team for that....

15SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 7:09 pm

Jana

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

Doesn't matter when they do research... just we need to know it has potential to go more than 6/= or not then answer is yes ?
now good buying signal so we can buy still compare with 3.90... 3.70 level 3/= is good to buy
So buy

16SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 9:40 pm

kassachandi


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

Will it drop below 3 in next week or two.im wondering whether to collect @3.10 or wait a little bit more

17SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 9:43 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kassachandi wrote:Will it drop below 3 in next week or two.im wondering whether to collect @3.10 or wait a little bit more

This should come to Rs.2.80-2.90 levels..............

18SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 9:59 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

indi009 wrote:
kassachandi wrote:Will it drop below 3 in next week or two.im wondering whether to collect @3.10 or wait a little bit more

This should come to Rs.2.80-2.90 levels..............

SIRA short term target price 6.00 up trend only possible cheers cheers cheers

19SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 10:05 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Gainer wrote:
indi009 wrote:
kassachandi wrote:Will it drop below 3 in next week or two.im wondering whether to collect @3.10 or wait a little bit more

This should come to Rs.2.80-2.90 levels..............

SIRA short term target price 6.00 up trend only possible cheers cheers cheers

it can come down RSI-64 MACD 28

20SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 10:30 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

indi009 wrote:
kassachandi wrote:Will it drop below 3 in next week or two.im wondering whether to collect @3.10 or wait a little bit more

This should come to Rs.2.80-2.90 levels..............

SIRA not coming under 3.00 unless market crash or ASI go down to 6800. but both not possible at this time.
So no wonder, Buy at this level 3.00 or 3.10 is good price to collect

21SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 10:58 pm

goldenboy

goldenboy
Manager - Equity Analytics
Manager - Equity Analytics

This might come down to Rs.2.80-2.90 levels.
Then it will bounce back to 3.4 +.

LT I cannot see any issue.ST we cannot expect target 6.

GB
B+

22SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Sun Nov 30, 2014 11:37 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

goldenboy wrote:This might come down to Rs.2.80-2.90 levels.
Then it will bounce back to 3.4 +.

LT I cannot see any issue.ST we cannot expect target 6.

GB
B+

If it is come down to 2.80 or 2.90, it means under 3.00 then market should be another minus in ASI 100 to 200 ,market crash confirmed .

Tomorrow morning SIRA will touch 3.50 again Very Happy Very Happy Very Happy

23SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Dec 01, 2014 12:56 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

[img]SIERRA CABLES PLC (SIRA.N0000) Stick_10[/img]

24SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Dec 01, 2014 1:13 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SIRA touch 3.50, still good to buy SIRA

25SIERRA CABLES PLC (SIRA.N0000) Empty Re: SIERRA CABLES PLC (SIRA.N0000) Mon Dec 01, 2014 3:25 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I holding the average price of @2.33

But Thinking you buy more. What d you say???

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