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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » TJL is going to accqire the Ocean India & Quenby

TJL is going to accqire the Ocean India & Quenby

Go down  Message [Page 1 of 1]

kalu000


Stock Trader
This will be a great achievement by the company.

Can expect a very good run.

Lstyle

Lstyle
Senior Equity Analytic
Senior Equity Analytic
What is the source

kalu000


Stock Trader
CORPORATE DISCLOSURE.

Check the Cse.lk

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
some times market could react negatively because of the possibility of a right issue to fund these acquisitions? Generally all companies go for right issue to fund acquisitions, isn't it?

kalu000


Stock Trader
TJL is having a strong balance sheet and not required the right issue.

Also keep mind they are paying very good dividend also.

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is masive deal. If this is go through TJ will have monopoly in sri lanka fabric supplies. Only down side i can see is ocean lanka has some trade union issues.

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
i read a few research reports on this all recommended buy ! choice is yours

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sorry i intialy read incorectly they are not buy ocean lanka they only buy quenby & ocean india which is much smaller entities. Which tj can easly manage with cash they have.

cse1981

cse1981
Manager - Equity Analytics
Manager - Equity Analytics
Can it touch 28

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What bull shit..These are already part of Brandix Group. Whether its held in right hand or left hand ..its the same

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Hawk Eye wrote:What bull shit..These are already part of Brandix Group. Whether its held in right hand or left hand ..its the same

exactly what i was about say when I read previous comments. Those are intera group rearrangements. as I know Ocean India is a profit making entity.

kalu000


Stock Trader
Hawk Eye & TuskerLK don't give wrong impression to the readers.

See the shareholding of TJL

Pacific Textured Jersey Holdings Limited 39.65%
Brandix Lanka Ltd- 29.81%

TJL is not own by Brandix 100%. It is only 30%

As you guys mentioned Ocean India is a profit making company. When it is adding to the TJL profit it will increase the value of TJL share. Of course you will get more dividend as well.

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kalu000 wrote:Hawk Eye & TuskerLK don't give wrong impression to the readers.

See the shareholding of TJL

Pacific Textured Jersey Holdings Limited 39.65%
Brandix Lanka Ltd-   29.81%

TJL is not own by Brandix 100%. It is only 30%

As you guys mentioned Ocean India is a profit making company. When it is adding to the TJL profit it will increase the value of TJL share. Of course you will get more dividend as well.

I'm not trying to give any bad impression to the readers, so does HawkEye. It is accepted that the public shareholding of the company is around 30%.

But the Brandix Lanka which presently owns Ocean India and the related entities giving up the business to TJL, would NOT just be in the best interest of TJL.

I can see only one instance where TJL & Brandix Lanka would be at a win - win situation, where Ocean India although it makes profit; generates a ROE less than ROE of Brandix lanka, but higher than the ROE of TJL.

If ROE of Ocean India is less than ROE of TJL, TJL would be at a loss.

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Very Happy Laughing Laughing Laughing

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