LANKEM CEYLON PLC (LCEY.N0000)

marketsee · 1 LANKEM CEYLON PLC (LCEY.N0000) Thu Apr 28, 2011 11:39 am

marketsee

Manager - Equity Analytics

Posts : 128
Equity Stars : 5202
Reputation : 25
Join date : 2011-02-08
Location : Colombo

LCEY going to run again like yesterday.buyers are increasing l

UKboy · 2 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Apr 28, 2011 11:52 am

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7466
Reputation : 391
Join date : 2011-02-08
Location : Earth

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

seyon · 3 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Apr 28, 2011 4:40 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

UKboy wrote:

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

Yes this is attractive undervalued counter, everyone looking the last quarter results, which is expected to be very attractive...

Look at the quarter performance ( Group)

EPS & NAV

Quarter-----------2010/11---------- 2009/10-------- NAV

1st quarter-------- 6.24------------- 2.70--------- 89.51

2nd quarter --------3.04---------- --(2.52)------- 92.55

3rd Quarter--------23.63------------12.99-------- 110.00

4the Quarter-------???-------------- 6.72--------- ????

Based on the previous trend of EPS, the last quarter EPS of the current year expected to be in the range of Rs.12 ( expecting halve of the 3rd quarter). Therefore expected EPS for the year would be around in the range of 40-45... and trading PE @ 12 ( as per the today price)

Hence still the price is very much attractive us to hold based on current PE...... Since shares is illiquid 24mn shares ( top 20 representing about 20.8Mn as per last quarter).. there would be high possibility the company to go for split....

Happy Trading...

avilon · 4 LCEY growth potential Thu Apr 28, 2011 7:44 pm

avilon

Senior Equity Analytic

Posts : 64
Equity Stars : 4987
Reputation : 4
Join date : 2011-04-22

Still it seems very attractive

Check my previous post

Attachments

LCEY.docx: You don't have permission to download attachments.; (15 Kb) Downloaded 24 times

seyon · 5 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu May 05, 2011 11:00 am

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

UKboy wrote:

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

Yes uk boy as u said still is undervalued counter.. on 28.04.2011 Anushman Rajaratnam bought around 20,000 share in the range of 520-525. Hence we can expect good performance in last quarter too..

http://www.cse.lk/cmt/upload_cse_announcements/9121304510737_.pdf

Happy Trading

UKboy · 6 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu May 05, 2011 11:48 am

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7466
Reputation : 391
Join date : 2011-02-08
Location : Earth

seyon wrote:

UKboy wrote:

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

Yes uk boy as u said still is undervalued counter.. on 28.04.2011 Anushman Rajaratnam bought around 20,000 share in the range of 520-525. Hence we can expect good performance in last quarter too..

http://www.cse.lk/cmt/upload_cse_announcements/9121304510737_.pdf

Happy Trading

Aha.. This will be one of the most interesting share to watch in coming weeks....
If there was director's buying means there will be a director's dispose in coming weeks.

seyon · 7 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed May 11, 2011 4:45 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

seyon wrote:

UKboy wrote:

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

Yes this is attractive undervalued counter, everyone looking the last quarter results, which is expected to be very attractive...

Look at the quarter performance ( Group)

EPS & NAV

Quarter-----------2010/11---------- 2009/10-------- NAV

1st quarter-------- 6.24------------- 2.70--------- 89.51

2nd quarter --------3.04---------- --(2.52)------- 92.55

3rd Quarter--------23.63------------12.99-------- 110.00

4the Quarter-------???-------------- 6.72--------- ????

Based on the previous trend of EPS, the last quarter EPS of the current year expected to be in the range of Rs.12 ( expecting halve of the 3rd quarter). Therefore expected EPS for the year would be around in the range of 40-45... and trading PE @ 12 ( as per the today price)

Hence still the price is very much attractive us to hold based on current PE...... Since shares is illiquid 24mn shares ( top 20 representing about 20.8Mn as per last quarter).. there would be high possibility the company to go for split....

Happy Trading...

Can we expect share split or capitalization reserve from LCEY with releasing the quarter financial...

duke · 8 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed May 11, 2011 4:54 pm

duke

Senior Manager - Equity Analytics

Posts : 552
Equity Stars : 5655
Reputation : 86
Join date : 2011-03-14

seyon wrote:
Can we expect share split or capitalization reserve from LCEY with releasing the quarter financial...

we can expect rights Very Happy

chamith · 9 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed May 11, 2011 5:21 pm

chamith

Assistant Vice President - Equity Analytics

Posts : 827
Equity Stars : 5970
Reputation : 76
Join date : 2011-01-31
Location : England

UKboy wrote:
Aha.. This will be one of the most interesting share to watch in coming weeks....
If there was director's buying means there will be a director's dispose in coming weeks.

WHy Would you expect director's buying followed by director's disposing ?

seyon · 10 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 08, 2011 11:20 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

seyon wrote:

UKboy wrote:

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

Yes this is attractive undervalued counter, everyone looking the last quarter results, which is expected to be very attractive...

Look at the quarter performance ( Group)

EPS & NAV

Quarter-----------2010/11---------- 2009/10-------- NAV

1st quarter-------- 6.24------------- 2.70--------- 89.51

2nd quarter --------3.04---------- --(2.52)------- 92.55

3rd Quarter--------23.63------------12.99-------- 110.00

4the Quarter-------???-------------- 6.72--------- ????

Based on the previous trend of EPS, the last quarter EPS of the current year expected to be in the range of Rs.12 ( expecting halve of the 3rd quarter). Therefore expected EPS for the year would be around in the range of 40-45... and trading PE @ 12 ( as per the today price)

Hence still the price is very much attractive us to hold based on current PE...... Since shares is illiquid 24mn shares ( top 20 representing about 20.8Mn as per last quarter).. there would be high possibility the company to go for split....

Happy Trading...

What has happened to LCEY, though the group produced the very attractive results. price is coming down

Look at the results

Total Net profit 1,736,929,000 even if u take out the other income 219,277,000, still is very much attractive producing 1.5bn

EPS =37.82 PE is trading at (500/37.82) just 13x, NAV/ share Rs.122

Before the results announcement, shares went up to Rs.580, after the attractive results, share price coming down. Funny CSE........

Slstock · 11 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Jun 09, 2011 2:55 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13504
Reputation : 1158
Join date : 2011-01-22

seyon wrote:

seyon wrote:

UKboy wrote:

marketsee wrote:LCEY going to run again like yesterday.buyers are increasing l

This is still undervalued share but I'm more interested to see is there any of the directors buying LCEY at current prices..

Yes this is attractive undervalued counter, everyone looking the last quarter results, which is expected to be very attractive...

Look at the quarter performance ( Group)

EPS & NAV

Quarter-----------2010/11---------- 2009/10-------- NAV

1st quarter-------- 6.24------------- 2.70--------- 89.51

2nd quarter --------3.04---------- --(2.52)------- 92.55

3rd Quarter--------23.63------------12.99-------- 110.00

4the Quarter-------???-------------- 6.72--------- ????

Based on the previous trend of EPS, the last quarter EPS of the current year expected to be in the range of Rs.12 ( expecting halve of the 3rd quarter). Therefore expected EPS for the year would be around in the range of 40-45... and trading PE @ 12 ( as per the today price)

Hence still the price is very much attractive us to hold based on current PE...... Since shares is illiquid 24mn shares ( top 20 representing about 20.8Mn as per last quarter).. there would be high possibility the company to go for split....

Happy Trading...

What has happened to LCEY, though the group produced the very attractive results. price is coming down

Look at the results

Total Net profit 1,736,929,000 even if u take out the other income 219,277,000, still is very much attractive producing 1.5bn

EPS =37.82 PE is trading at (500/37.82) just 13x, NAV/ share Rs.122

Before the results announcement, shares went up to Rs.580, after the attractive results, share price coming down. Funny CSE........

Eventually this will pick up. But I think people also have a habit of comparing QoQ growth. Dec was very high EPS and March is lower. Maybe some can take it negative due to that. But of course we here at the forum know the seasonal natures of LCEY . DEC is usually a high quarter for LCEY anyway due to Paddy seasonal effect. We can;t expect as the much for March.

Overall LCEY seems to be on track. At the moment I do not own any LCEY shares.

chamith · 12 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Jun 09, 2011 4:38 am

chamith

Assistant Vice President - Equity Analytics

Posts : 827
Equity Stars : 5970
Reputation : 76
Join date : 2011-01-31
Location : England

In CSE, people get to know the profit for the coming Q going to be good through insider information. Therefore people buy expecting to dump when they release the financial reports. Thats what happen to all the counters these days.

Slstock · 13 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Jun 09, 2011 4:51 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13504
Reputation : 1158
Join date : 2011-01-22

chamith wrote:In CSE, people get to know the profit for the coming Q going to be good through insider information. Therefore people buy expecting to dump when they release the financial reports. Thats what happen to all the counters these days.

I was referring to Retailers/small timers who does not usually have such info. What you say is true for big shots with connections.

seyon · 14 Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Jul 08, 2011 9:46 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

Hi Friends

I heard that SriLanka Insurance Corporation had collected from 450 -550, that was the reason price was shoot up to Rs.590

Do u have any ideas on this ?.

The current price level is very attractive to me in terms of earnings and its assets base, but the decline trend is bit scared to enter.

How u all feel about the current price and the trend

Comment ur views

Aamiable · 15 Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Jul 08, 2011 9:49 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6416
Reputation : 176
Join date : 2011-02-21

Thanks, When the LCEY have a run some can sell them and collect some solid long term stocks.

Aladin · 16 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 1:28 am

Aladin

Senior Equity Analytic

Posts : 57
Equity Stars : 4949
Reputation : 5
Join date : 2011-05-11
Location : Colombo

Director,s selling means? :\

cse_investor · 17 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 1:35 am

cse_investor

Manager - Equity Analytics

Posts : 164
Equity Stars : 5019
Reputation : 16
Join date : 2011-06-17

@seyon

Sri Lanka Insurance Corp bought more last week in the 420s

@Aladin

I wouldn't reach too much into the Director's selling as the quantities are not large and that particular Director is not involved much in the overall running of the group (just some subsidiaries).

cse_investor · 18 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 1:37 am

cse_investor

Manager - Equity Analytics

Posts : 164
Equity Stars : 5019
Reputation : 16
Join date : 2011-06-17

@seyon

Didn't reply to the second part of your post. LCEY is trading at a PE of below 11, which for a diversified group of this caliber is very low. New generation management is aggressively pursuing potential acquisitions and we can expect interesting news over the coming quarters. In a normal market this share would trade at 700+.

lbnnirmal · 19 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 5:26 am

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5272
Reputation : 14
Join date : 2011-07-07

now this share @ 405/= but with the current market situation we can't sure about the bottom of this.(This also going down and down) Crying or Very sad

seyon · 20 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Aug 10, 2011 11:58 am

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

What is ur prediction on this quarter results

seyon · 21 Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Aug 15, 2011 10:12 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

seyon wrote:What is ur prediction on this quarter results

Revenue increased by 4.7bn to 6.1Bn

GP at par level about 750Mn

Profit from operation is drop from 266Mn to 137Mn due to increasing operational expenses.

EPS 4.63 for the first quarter ( we can expect good performance from 2nd and 3rd quarter due to the seasonal effect ( Meha paddy Season)

Further other improvement is company assets value boosted from 90 to 125, this may be due to the recent right issue of group companies ( LNDV, MARA and ....)

Interesting stuff is changes in the top 20s share holder list

New entrance
Sri Lanka Insurance Corporation Ltd-General Fund 211,200
Swiss Lloyd Limited 78,100
Bank of Ceylon No. 1 Account 51,900

Associated Electrical Corporation Ltd stake up by 165.400

and other HNWI

Exit

J. B. Cocoshell (Pvt) Ltd 105,299
Dr. Thirugnanasambandar Senthilverl 52,014

Comment ur views about LCEY..

seyon · 22 Re: LANKEM CEYLON PLC (LCEY.N0000) Tue Aug 16, 2011 6:13 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

Hi Friends

what is ur idea about LCEY

seyon · 23 Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Aug 26, 2011 12:52 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5988
Reputation : 119
Join date : 2011-02-01
Location : Colombo

when we are going to have LCEY run,

COLO is on move, Can we expect the next move from LCEY..

Slstock · 24 To deceive to not to deceive . LCEY march report Tue Jun 04, 2013 7:32 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13504
Reputation : 1158
Join date : 2011-01-22

See report.

http://cse.lk/cmt/upload_report_file/497_1370264400657.pdf

Do you agree with LCEY annual Eps is Rs 35 ( they claim) to start with?

I will leave this open for comments.

Gaja · 25 Re: LANKEM CEYLON PLC (LCEY.N0000) Tue Jun 04, 2013 7:45 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9811
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Sir are u saying 12.36/=?

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

LANKEM CEYLON PLC (LCEY.N0000)

1 LANKEM CEYLON PLC (LCEY.N0000) Thu Apr 28, 2011 11:39 am

marketsee

2 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Apr 28, 2011 11:52 am

UKboy

3 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Apr 28, 2011 4:40 pm

seyon

4 LCEY growth potential Thu Apr 28, 2011 7:44 pm

avilon

5 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu May 05, 2011 11:00 am

seyon

6 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu May 05, 2011 11:48 am

UKboy

7 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed May 11, 2011 4:45 pm

seyon

8 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed May 11, 2011 4:54 pm

duke

9 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed May 11, 2011 5:21 pm

chamith

10 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 08, 2011 11:20 pm

seyon

11 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Jun 09, 2011 2:55 am

Slstock

12 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Jun 09, 2011 4:38 am

chamith

13 Re: LANKEM CEYLON PLC (LCEY.N0000) Thu Jun 09, 2011 4:51 am

Slstock

14 Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Jul 08, 2011 9:46 pm

seyon

15 Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Jul 08, 2011 9:49 pm

Aamiable

16 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 1:28 am

Aladin

17 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 1:35 am

cse_investor

18 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 1:37 am

cse_investor

19 Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Jul 09, 2011 5:26 am

lbnnirmal

20 Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Aug 10, 2011 11:58 am

seyon

21 Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Aug 15, 2011 10:12 pm

seyon

22 Re: LANKEM CEYLON PLC (LCEY.N0000) Tue Aug 16, 2011 6:13 pm

seyon

23 Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Aug 26, 2011 12:52 pm

seyon

24 To deceive to not to deceive . LCEY march report Tue Jun 04, 2013 7:32 pm

Slstock

25 Re: LANKEM CEYLON PLC (LCEY.N0000) Tue Jun 04, 2013 7:45 pm

Gaja

26 Re: LANKEM CEYLON PLC (LCEY.N0000)

Sponsored content

New topics