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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » KOTAGALA Plantation Cash in Bank 881 Million Rupees

KOTAGALA Plantation Cash in Bank 881 Million Rupees

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Kotagala plantation Cash Rich Company and Cash in Bank Rs 881 Million and Current Cash Asset Rs 4.1 Billion.

Kotagala Oil Palm, Tea, Rubber plantations and  Major target Oil Palm, From June Quarter they will make good profits.

Senthilverl last one year slowly collecting and Now he holding 440,000 shares of Kotagala plantation.

KOTA Now Trading Price very Attractive and short term Target 45.00, Few Year ago 2011 it was went up 230.00

KOTA Investment and holding some company's :

7,157,857 Ordinary shares in C.W. Mackie

20,000,000 Ordinary shares in Agarapatana Plantations Limited

6,026,500 Ordinary shares in Lankem Development

9,949,991 Ordinary Shares in Beruwala Resorts

8,000,000 Ordinary shares of Union Commodities and Tea Exports

90,000,000 Ordinary shares in York Hotels Kandy

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
KOTA holding Union Commodities Tea Exports, this takeover in December 2012

Kotagala takes over Union Commodities in Rs. 1.6 billion

Kotagala Plantations Plc (KOTA) has acquired 100% control of Union Commodities Ltd. (Unicom) in a Rs. 1.575 billion deal.

The stake amounted to six million shares and the deal reflects a Rs. 262.50 per share.
Established in 1985, Unicom is a leading local tea exporter, currently ranked as the fourth largest Sri Lankan tea exporter. In addition to tea, the company is also involved in exporting of several other commodities and food items.

Unicom founder Chanaka de Silva will remain as the Chairman and the remaining Directors will continue as well. KOTA will appoint its nominees to the Unicom Board to pursue synergies arising from its tea plantation business.

Unicom enjoys a state-of-the-art self-sufficient factory with an in-house advanced tea bagging facility, onsite purpose-built storage facility, packaging facilities, and a shipping and a freight forwarding company fully-owned by the Group located in Kelaniya. The company also exports other commodities and food items such as sesame, cloves, pepper, etc.

KOTA is one of the largest regional plantation companies involved in the cultivation and production of tea and rubber. Kotagala comprises of 12 tea plantations and 11 rubber plantations with the bulk of the company’s tea cultivated in the Western High Grown Dimbulla District and in the Low Grown Kalutara District. KOTA’s managing agents are Lankem Tea and Rubber Plantations Ltd.

http://www.ft.lk/2012/12/22/kotagala-takes-over-union-commodities-in-rs-1-6-b-deal/

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:Kotagala plantation Cash Rich Company and Cash in Bank Rs 881 Million and Current Cash Asset Rs 4.1 Billion.

Kotagala Oil Palm, Tea, Rubber plantations and  Major target Oil Palm, From June Quarter they will make good profits.

Senthilverl last one year slowly collecting and Now he holding 440,000 shares of Kotagala plantation.

KOTA Now Trading Price very Attractive and short term Target 45.00, Few Year ago 2011 it was went up 230.00

KOTA Investment and holding some company's :

7,157,857 Ordinary shares in C.W. Mackie

20,000,000 Ordinary shares in Agarapatana Plantations Limited

6,026,500 Ordinary shares in Lankem Development

9,949,991 Ordinary Shares in Beruwala Resorts

8,000,000 Ordinary shares of Union Commodities and Tea Exports

90,000,000 Ordinary shares in York Hotels Kandy


Thanks Gainer ! you give good key points to keep on eye with KOTA .

Good information .

my advisor advised to me buy this one when it was trading "31/= 32/= level but I don't like Plantation so I didn't buy that time

Seems like now we good to enter with KOTA @ 26.50 ..good price compared with their good holding power and cash value

important they are involved with palm oil so positive.

KOTA has everything Rubber , tea , palm oil so they can survive any season . may be they show some lost in the past because rubber price go down

KOTA good

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Last quarter loss 165Million and last year loss 628Million.

Unicom is purchased by KOTA on December 2012.

Is there any new things happened to KOTA to outperform other plantation counters

Shocked Shocked Shocked



Last edited by Yahapalanaya on Sat Jul 25, 2015 7:43 pm; edited 1 time in total

kasper

kasper
Senior Equity Analytic
Senior Equity Analytic
KOTA : contribution from oil palm is still very low. Palm oil harvest is expected from mid 2016. Surely, KOTA is a good share to hold on, but I won't expect it to sky rocket in short run.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Kotagala Plantation Senthilverl Collecting going on already collect 440,000 shares .

My Advisor said Senthilverl plant to collect minimum 2 million shares of KOTA.

Senthilverl Ready to move up and collect, last friday big qty traded may be he is collecting.

KOTA Major Share Holders Holding 88% of shares. Retailers holding 12% Nearly 4 million shares ONLY.

Now Senthilverl Collecting then it will be very illiquid counter and easy to move up

KOTA few years ago it was went up 230.00 Now Trading price 26.50 very Attractive

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:Kotagala Plantation Senthilverl Collecting going on already collect 440,000 shares .

My Advisor said Senthilverl plant to collect minimum 2 million shares of KOTA.

Senthilverl Ready to move up and collect, last friday big qty traded may be he is collecting.

KOTA Major Share Holders Holding 88% of shares. Retailers holding 12% Nearly 4 million shares ONLY.

Now Senthilverl Collecting then it will be very illiquid counter and easy to move up

KOTA few years ago it was went up 230.00 Now Trading price 26.50 very Attractive
Speculation might be true.So it may go up.But I don't want to take that risk.
drunken drunken drunken

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
KOTA holding this Union Commodities and Tea Exports, from this they will make huge profits

Union Commodities (Pvt.) Ltd ( ‘ Unicom ’ ) was established in 1985 with the objective of exporting Sri Lanka’s finest quality produce. Founded by three industry veterans, Unicom has grown from being a small scale exporter to one of the largest tea exporters in the island. Since the beginning, our core philosophy of quality has not changed and Unicom continues to offer the finest quality Ceylon tea to the world. Today, Consumers in more than 30 countries enjoy Unicom branded products as well as other products manufactured at Unicom facilities. Today, Unicom has a state of the art self sufficient factory of 310,000 square feet and a fleet of containers. Unicom also holds a distinguished reputation for the export of various food items, ranging from spices, essential oils to desiccated coconut.

See the more information Who are we ? http://www.unicomtea.com/about-us/

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
No point arguing with gainer, only thing he's going to post speculation n reposting same thing every time.
1bn debenture issue might be a reason fr them to have 881mn cash in bank. Interest rate paid on that is minimum 14.5%. They raised that fund for a reason n if that cash idling in there bank account they're going to incur huge cost by nt investing that cash.
In one or two yrs tym plantation sector might turnaround n then Kota performance will turn around but right nw best thing is to avoid this stock.
Senthilverl Might buy this stock, but keep in mind he has huge holding power. If he wants he can buy more at 20-15 levels if he drops down further. if he wants he can play a paitent game which lot of people can't afford to play.
Jst don't buy stock solely based on rumors n one Gud fact in the balance sheet. Pls research further. Don't mislead members by posting one statistical outlier.
One more thing Kota doesn't reap any crop from plam plantation still. Annual report says mid 2016 expected first crop. So until then it's only going to tea rubber only.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Kotagala they have Cash Asset 4.1 billion Rupees and this 1 Billion from Debenture issue also look they have maga plan and make huge profits everything is positive out look.
From Union Commodities also huge profits making company.

KOTA few years ago it was went up 230.00 Now Trading price 26.50 very Attractive

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
i BOUGHT KOTA BUT WHAT WILL BE TOMORROW

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Seems these plantations could pay a decent salary for workers with all this money..Shocked

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@wisdom79 wrote:i BOUGHT KOTA BUT WHAT WILL BE TOMORROW

I also bought some . seems like it will move further up . will see Very Happy Very Happy

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
Facebook Page : https://www.facebook.com/InformedIntelligentInvesting

Web Page:  http://www.lankabusinessonline.com/sri-lankas-carson-says-palm-oil-market-seems-promising-despite-crude-oil-price-drop/

July 28, 2015 (LBO) – The Palm oil industry looks promising and demand should grow in future despite the price drop of crude oil and maturing trees, according to Sri Lanka’s Carson Cumberbatch group with plantations in Malaysia and Indonesia.

However in spite of positive expectations, Carson’s palm oil prices experienced much volatility during the first half of the financial year 14/15, trading below par, driven by factors such as; lower soy oil prices led by bumper soya bean crop, strong production growth in sunflower oil and the decline in global crude oil prices which affects CPO prices mainly due to the impact on the demand for palm oil based bio diesel.

Carson’s head says, plants maturing in the future will help the company to boost sales.

“Considering the maturity profile of our plantations, where a significant portion will only reach maturity in the upcoming years, the future appears to be promising.” Tilak de Zoysa, chairman of Carson Cumberbatch PLC, told shareholders in 2014/2015 company annual report.

“However factors such as low CPO trading prices, adverse weather conditions and an unfavorable movement in exchange rates could have a negative impact on sector performance.”

About 22.4 percent of the company’s plants are in immature stage which is below four years while 25.7 percent plants are young (4-6 years). 33 percent OF plantS are in peak production age and about 18.9 percent plants are above 12 years.

Oil palm trees have an average life of 22 years, with the first three years as immature and remaining years as mature.

Carson has oil palm plantation spread across 68,099 hectares in Indonesia and 1,387 hectares in Malaysia.
The Group’s plantation business has also developed new land areas, during the financial year concluded in March 2015 and stood approximately 3,700 hectares, in different operating locations in Indonesia.
 
Nevertheless, the report shows that Carson’s oil palms sector net profit was down 40.7 percent to 3.1 billion rupees during the twelve months under consideration, as against a profit of 5.3 billion recorded during the previous financial year.

The loss was made partly due to foreign exchange losses raised due to the depreciation of the Indonesian Rupiah and change in fair value of biological assets.
Carson’s palm oil production for the year increased by 33,243 MT to 234,270 MT on the back of higher Fresh Fruit Bunches (FFB) volumes produced during the period.

The group’s palm oil business is handled by Good Hope, a subsidiary of Carson.

In a separate release, Good Hope says that it expects the cropping pattern to recover in the coming year as majority of the Company’s plantations are still within the peak production period.

“We expect the Palm Oil prices to trade at around current levels and stabilize towards the end of the year, in line with forecasts made by industry analysts,”
“We have also been able to manage the cost of production through stringent cost management initiatives and through focus on improving the field management practices.” Good Hope said.

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