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TWOD - Hidden treasure or Fools's paradise ?

+8
glwking
kam2011
smallville
hesh
seyon
GJ
Chabbi
hunter
12 posters

Go down  Message [Page 1 of 1]

hunter

hunter
Moderator
Moderator

I am just re-looking at TWOD's latest income statement.
54% YOY increase in Net profits.
11.52 Annual EPS.

Does this worth 100/- a share?
Or is there a catch somewhere?


PS: I know this has been discussed in this forum many a time. But still I am confused.
Is there anyone very clear on this?



Last edited by hunter on Tue Jun 07, 2011 12:06 pm; edited 1 time in total

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

haaa haaa

Same here Very Happy

GJ


Manager - Equity Analytics
Manager - Equity Analytics

TWOD is good share always
but, they do not issue any news about their case

seyon


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

GJ wrote:TWOD is good share always
but, they do not issue any news about their case

U can refer our detailed discussion. Case is fixed on 18.07.2011 and going to be favorable to the company ( Refer the BASL judgment http://research.srilankaequity.com/t96-touchwood-case-basl-bar-association-news-letter-judgement-views

Discussion .....

http://forum.srilankaequity.com/t3965-touchwood-case-review

seyon


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

hunter wrote:I am just re-looking at TWOD's latest income statement.
54% YOY increase in Net profits.
11.52 Annual EPS.

Does this worth 100/- a share?
Or is there a catch somewhere?


PS: I know this has been discussed in this forum many a time. But still I am confused.
Is there anyone very clear on this?

U can not value based on the earnings as its value depend on the biological assets, best thing to value based on the net assets, NAV is reported about Rs.50 Yes currently it is trading at discount when comparing to book value.



Last edited by seyon on Tue Jun 07, 2011 6:34 pm; edited 1 time in total

6TWOD - Hidden treasure or Fools's paradise ?  Empty Can't open the attachment?????? Tue Jun 07, 2011 4:45 pm

hesh


Stock Trader

seyon wrote:
GJ wrote:TWOD is good share always
but, they do not issue any news about their case

U can refer our detailed discussion. Case is fixed on 18.07.2011 and going to be favorable to the company ( Refer the BASL judgment http://research.srilankaequity.com/t96-touchwood-case-basl-bar-association-news-letter-judgement-views

Discussion .....

http://forum.srilankaequity.com/t3965-touchwood-case-review

I can't open the attachment with the above link.It says you have no permission. What should I do? help me pls...

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

hesh wrote:
seyon wrote:
GJ wrote:TWOD is good share always
but, they do not issue any news about their case

U can refer our detailed discussion. Case is fixed on 18.07.2011 and going to be favorable to the company ( Refer the BASL judgment http://research.srilankaequity.com/t96-touchwood-case-basl-bar-association-news-letter-judgement-views

Discussion .....

http://forum.srilankaequity.com/t3965-touchwood-case-review

I can't open the attachment with the above link.It says you have no permission. What should I do? help me pls...

U need to register in the research site separately.. This id is for forum only.

hunter

hunter
Moderator
Moderator

Thanks Seyon!
TWOD looks worth keeping under my watch-list.

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Definitely it is a hidden gem. Once the Court case is over price may go up very fast.( this is not a buy recomondation. Just I express my view)

glwking

glwking
Manager - Equity Analytics
Manager - Equity Analytics

Any idea, when their trees are starting to mature? Once it's mature regardless of court cases it should worth more than it's net asset value. Once first batch of trees are matured and start to fall for timber, they will have regular profit. As my understanding they planted every year. Can any one confirm please?

Hawk Eye

Hawk Eye
Expert
Expert

Can Anyone explain what is " Reservation and Establishment fee Advances" mentioned in the TWOD Financial Report.

In 2010 R&E Advance Received was 237.4 mn and Transfer to Revenue 232.9Mn (BS Note # 30). For March 2011 R&E Advace received is nil.

Thanks

innam

innam
Manager - Equity Analytics
Manager - Equity Analytics

Hawk Eye wrote:Can Anyone explain what is " Reservation and Establishment fee Advances" mentioned in the TWOD Financial Report.

In 2010 R&E Advance Received was 237.4 mn and Transfer to Revenue 232.9Mn (BS Note # 30). For March 2011 R&E Advace received is nil.

Thanks

i'm not a customer so i'm not 100% certain but generally in industries with long term contracts the company asks for an advance from the customer and once final payment is made the advance is set off from the payment (until the advance gets set off it is a liability for teh company). So in this case it looks like TWOD gets an advance (treats it as a liabillity) and when the full payment is made the advance is set off and transfered to revenue (we should note that this only makes a small part of total revenue as the majority of the revenue figure is an estimate).
the fact that 2011 advances were 0 might mean that TWOD did not have any new projects or that they stopped asking for advances and started taking the full payment upfront.
this is my read of what they have said in the AR an actual recent customer may be able to give a more accurate description.

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics


Fools' paradise .................. Cool

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

How many FOOLS do we have? lol!

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

in this page itself, there re quite a lot. hikz

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