FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» CSE listed companies...Failed or collapsed
by Mr. X Today at 7:31 pm

» L B FINANCE PLC (LFIN.N0000)
by kanishkaecomm Today at 5:17 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Today at 11:52 am

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Today at 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Yesterday at 10:13 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Yesterday at 9:50 pm

» Company Financials or Group Financials?
by ronstyn53 Yesterday at 8:07 pm

» Banking Sector Analysis
by ADVENTUS Yesterday at 7:34 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Bakkabwoi Yesterday at 5:24 pm

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by J-CAT Yesterday at 3:58 pm

» Grain Elevators Earnings Review With Q1 Results
by EquityChamp Yesterday at 10:11 am

» What will happen tomorrow?
by Lakshman wijayawardhana Yesterday at 9:57 am

» Most Undervalued Shares
by Lakshman wijayawardhana Yesterday at 9:54 am

» Future of Talawakelle Plantation PLC
by කොටස් වෙළඳපොළ2020 Yesterday at 5:02 am

» GLAS will be winner with Super Gain.
by invest thinker Thu May 13, 2021 11:59 am

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Wed May 12, 2021 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Wed May 12, 2021 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Wed May 12, 2021 8:32 pm

» Ban of chemical fertilizers is a great news
by samaritan Wed May 12, 2021 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Wed May 12, 2021 9:48 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Textured Jersey

Textured Jersey

Go down  Message [Page 1 of 1]

1Textured Jersey Empty Textured Jersey Fri Jul 17, 2015 10:02 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
Some food for thought. Great analysis.

Although I'd still buy at current prices. What do you guys think?

http://lankanmarkets.blogspot.com/2015/07/textured-journey.html

2Textured Jersey Empty Re: Textured Jersey Fri Jul 17, 2015 11:01 am

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
@raider wrote:Some food for thought. Great analysis.

Although I'd still buy at current prices. What do you guys think?

http://lankanmarkets.blogspot.com/2015/07/textured-journey.html
Hi raider, I shared this in some other discussion. It was worth the read. 

However, I'm not buying at these current prices as owners have exited at LKR26.50 and due to the fact that they valued the share at LKR28.50 for the share swap purposes. If you enter now, what is the upside you are looking at? Besides, we don't really know what these acquisitions look like. So, it's not a bet I'd take. But never know, momentum might push it to unexpected highs!! Good luck to you.

3Textured Jersey Empty Re: Textured Jersey Sat Jul 18, 2015 10:53 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
@slequityanalyst wrote:
@raider wrote:Some food for thought. Great analysis.

Although I'd still buy at current prices. What do you guys think?

http://lankanmarkets.blogspot.com/2015/07/textured-journey.html
Hi raider, I shared this in some other discussion. It was worth the read. 

However, I'm not buying at these current prices as owners have exited at LKR26.50 and due to the fact that they valued the share at LKR28.50 for the share swap purposes. If you enter now, what is the upside you are looking at? Besides, we don't really know what these acquisitions look like. So, it's not a bet I'd take. But never know, momentum might push it to unexpected highs!! Good luck to you.

I do know the numbers just don't add up for TJL whatever way I try to value it other than basic P/E. This is probably why the owners could not get the institutional investors to buy at anything higher than Rs. 26.80.

If you look at it's current price - 29.50 and take out the dividend, it's 28.70. Last quarter EPS is 0.78 and if you simply annualise it, it's 3.12 which places the stock's P/E at 9.2x. The usual P/E multiple of this counter is 13x, which arrives at the ultimate valuation of Rs. 40.50. 

However, if you discount the EPS by 15% (annualised 2.65) to account for the dilution of EPS following the share exchange and a potential downside and calculate current P/E you arrive at 10.8x. At a valuation of 13x you will be looking at an upside of Rs. 34.50 which is still a considerable gain.

I do agree that there is not much information available to us with regard to acquisitions and the impact of them on the financial performance and the position of the company. So at this point it is a little risky if you are looking at it on a fundamental viewpoint. However, I have a feeling that stock will keep moving up given the positive investor sentiment building up in the market, the increased liquidity etc. etc. 

Please note that this counter has shown tremendous volatility since its IPO nevertheless posted very attractive gains for traders as well as long term shareholders - which supports me to take the bet. Furthermore, chances are you won't make long term losses on this counter as it keeps paying out a good dividend and will show constant growth given that they are working towards improved capacity utilisation, regional expansion etc. 

Any thing you people have to add to this?

4Textured Jersey Empty Re: Textured Jersey Sat Jul 18, 2015 9:51 pm

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
raider, respect your pricing thoughts. Yes, in Sri Lankan markets (or may be true for any markets!) sometimes relative thinking works better. In terms of market timing I'm really bad and hence why I try not to jump in to the momentum game. I'd rather take a contrarian view on certain fundamentally sound stocks where valuations (rather than pricing) support is there. It is a difficult task but different strategies work for different players :-)

Besides, you are looking at annualized forward EPS on TJL as it is now. With the acquisitions the consolidated EPS will be probably higher and so you are taking a safe bet. (I believe that Pacific Textured would not agree to buy loss making entities which will not be value accretive for them being an investment holding company). 

Good luck again.

5Textured Jersey Empty Re: Textured Jersey Sun Jul 19, 2015 12:04 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
In terms of timing, I am bad too. I missed so many opportunities with TJL itself. I think I learnt a lot about the volatile nature of this stock from those instances.

So now I'm gonna take it on and play the game.

Good luck to all!

6Textured Jersey Empty Re: Textured Jersey Sun Jul 19, 2015 2:24 pm

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
:-)

7Textured Jersey Empty Re: Textured Jersey Tue Jul 21, 2015 4:20 pm

raider


Manager - Equity Analytics
Manager - Equity Analytics
So after a little more thought, I decided against buying TJL. I have a feeling this price won't sustain after results.

8Textured Jersey Empty Re: Textured Jersey Tue Jul 21, 2015 4:33 pm

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
@raider wrote:So after a little more thought, I decided against buying TJL. I have a feeling this price won't sustain after results.
Did you? I have a feeling that you smell something about the going to be results!!! ;-)

Let's wait and see.

9Textured Jersey Empty Re: Textured Jersey Wed Jul 22, 2015 12:21 am

raider


Manager - Equity Analytics
Manager - Equity Analytics
Well, not a clear cut idea. I have a feeling after XD and results it will face a small drop. Most of top of the line investment advisors also feel this way.

So I am just holding on to my existing quantity for the moment.

10Textured Jersey Empty Re: Textured Jersey Wed Jul 22, 2015 8:53 am

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
@raider wrote:Well, not a clear cut idea. I have a feeling after XD and results it will face a small drop. Most of top of the line investment advisors also feel this way.

So I am just holding on to my existing quantity for the moment.
Good piece of info. I rarely have advisor feels!!

11Textured Jersey Empty Re: Textured Jersey Wed Jul 22, 2015 12:26 pm

raider


Manager - Equity Analytics
Manager - Equity Analytics
TJL's movement is very tempting though.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum