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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LANKEM CEYLON PLC (LCEY.N0000)

LANKEM CEYLON PLC (LCEY.N0000)

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41LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 05, 2013 8:00 am

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Really? Are you sure?

Compare with their own Dec report
http://www.cse.lk/cmt/upload_report_file/497_1360920821220.12.2012.pdf



@malanp wrote:There nothing wrong with EPS calculation

for the QTR 209,286,000/24,000,000= 8.72

For the year=852,843,000/24,000,000=35.54

total profit from continuing operation/Total number of shares outstanding

Minority interest also a part of equity.

Yes you are right,, Last QTR calculations are wrong,

they have excluded the minority interest, which is wrong. I am trying to figure out what is the logic..

42LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 05, 2013 9:46 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hai Buddy,

Minority interest shouldn't come to EPS calculation. This is well known formula.


@malanp wrote:
@slstock wrote:Really? Are you sure?

Compare with their own Dec report
http://www.cse.lk/cmt/upload_report_file/497_1360920821220.12.2012.pdf



@malanp wrote:There nothing wrong with EPS calculation

for the QTR 209,286,000/24,000,000= 8.72

For the year=852,843,000/24,000,000=35.54

total profit from continuing operation/Total number of shares outstanding

Minority interest also a part of equity.

Yes you are right,, Last QTR calculations are wrong,

they have excluded the minority interest, which is wrong. I am trying to figure out what is the logic..

43LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 05, 2013 9:58 am

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Jana1 wrote:Hai Buddy,

Minority interest shouldn't come to EPS calculation. This is well known formula.


@malanp wrote:
@slstock wrote:Really? Are you sure?

Compare with their own Dec report
http://www.cse.lk/cmt/upload_report_file/497_1360920821220.12.2012.pdf



@malanp wrote:There nothing wrong with EPS calculation

for the QTR 209,286,000/24,000,000= 8.72

For the year=852,843,000/24,000,000=35.54

total profit from continuing operation/Total number of shares outstanding

Minority interest also a part of equity.

Yes you are right,, Last QTR calculations are wrong,

they have excluded the minority interest, which is wrong. I am trying to figure out what is the logic..

Minority interest of subsidiary companies are taken out during consolidation, to calculate the parent company EPS.

but regarding the parent company EPS there is no minority issue involved. So profit should be devided by total number of shares ie,24m

44LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 05, 2013 10:26 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
They actually didn't exclude minority interest (MI) as you think.

Their 9 months total pft (incl MI)-643557
Last qtr (total) 223460

Total 867017 (icl MI)
EpS(24 mn shares) 36.15 (small mis matching)

So the total figure is wrong. It should be 12.75..



@malanp wrote:
@Jana1 wrote:Hai Buddy,

Minority interest shouldn't come to EPS calculation. This is well known formula.


@malanp wrote:
@slstock wrote:Really? Are you sure?

Compare with their own Dec report
http://www.cse.lk/cmt/upload_report_file/497_1360920821220.12.2012.pdf



@malanp wrote:There nothing wrong with EPS calculation

for the QTR 209,286,000/24,000,000= 8.72

For the year=852,843,000/24,000,000=35.54

total profit from continuing operation/Total number of shares outstanding

Minority interest also a part of equity.

Yes you are right,, Last QTR calculations are wrong,

they have excluded the minority interest, which is wrong. I am trying to figure out what is the logic..

Minority interest of subsidiary companies are taken out during consolidation, to calculate the parent company EPS.

but regarding the parent company EPS there is no minority issue involved. So profit should be devided by total number of shares ie,24m

45LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Wed Jun 05, 2013 10:30 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The simple logic is u r taking benefit from neighboring land also. U take benefit from ur land. LCEY did it in same way..


@malanp wrote:
@slstock wrote:Really? Are you sure?

Compare with their own Dec report
http://www.cse.lk/cmt/upload_report_file/497_1360920821220.12.2012.pdf



@malanp wrote:There nothing wrong with EPS calculation

for the QTR 209,286,000/24,000,000= 8.72

For the year=852,843,000/24,000,000=35.54

total profit from continuing operation/Total number of shares outstanding

Minority interest also a part of equity.

Yes you are right,, Last QTR calculations are wrong,

they have excluded the minority interest, which is wrong. I am trying to figure out what is the logic..

46LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Tue Apr 29, 2014 1:07 am

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Learner19 wrote:EPS on following quarter end months are as follow
2012.06.30 EPS  (3.03)
2012.09.30 EPS  (0.47)
2012.12.31 EPS  12.80
2013.03.31 EPS    8.72

So for the year ended 31.03.2013 EPS must be  Rs.18.02

Am I correct?

2013.06.30 EPS  (7.73)
2013.09.30 EPS  (17.98)
2013.12.31 EPS  8.13

Will they report positive EPS for qtr ending  2014.03.31......


What you think guys.......

47LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Lankem Ceylon PLC Mon Oct 06, 2014 9:41 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can we expect a divident announcement on Oct 14. when we looking at past details they paied dividents around Oct month.

48LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Oct 06, 2014 10:06 am

RPPA


Expert
Expert
@Market R wrote:Can we expect a divident announcement on Oct 14. when we looking at past details they paied dividents around Oct month.


Ha Ha it seems you have this stock. bought at higher price.
Keep hope brither Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes

49LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Oct 06, 2014 10:44 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
No.. I am not holding. I need to buy this for short tearm. After a divident announcement shares like this will go up for sure. More than 10% gain within one week is sure after a divident announcement.

50LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Oct 06, 2014 10:48 am

RPPA


Expert
Expert
@Market R wrote:No.. I am not holding. I need to buy this for short tearm. After a divident announcement shares like this will go up for sure. More than 10% gain within one week is sure after a divident announcement.

Note this Company is making heavy losses currently. So doubtful.

But share price may appreciate due to current market sentiment.

51LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Oct 06, 2014 11:36 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Noted Smile

52LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Oct 06, 2014 1:19 pm

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@RPPA wrote:
@Market R wrote:No.. I am not holding. I need to buy this for short tearm. After a divident announcement shares like this will go up for sure. More than 10% gain within one week is sure after a divident announcement.

Note this Company is making heavy losses currently. So doubtful.

But share price may appreciate due to current market sentiment.

Agree.

53LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Lankem group no hope!!! Thu Aug 13, 2015 6:22 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Losses ar piling up!! Lankem n kotagala huge losses this qtr also.

54LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty they are loseing Thu Aug 13, 2015 10:33 pm

karuna


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
dont think eps - mines

55LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Fri Aug 14, 2015 12:18 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Where are the all KOTA promoters in the forum?? All gone missing...
They wont be profitable entity fr quite some time until they diversify there crop from rubber to Palm. They started the transition but expected first harvest is in FY 2017.

56LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty LANKEM CEYLON PLC (LCEY.N0000) Thu May 19, 2016 12:13 am

EquityChamp

EquityChamp
Moderator
Moderator
I can see that LCEY will going to report the 2nd consecutive profitable quarter after many quarters of losses. Q4 2015/16 FY should be a profitable one for the company due to recovery of their subsidiary performance.
COLO will break even and post good profits this quarter
SIGV increased profits QoQ
KOTA turned profitable after many losses
CWM have already reported improved earnings.
 

Rs mnQ1 15Q2 15Q3 15Q4 15Q1 16FY 15/16
Revenue39793943363247465221     17,542
GP96087276711841305       4,128
Net profit-206-156-19598104-         149
Though the company's Q4 profit will not help them to report a profit for the entire year but the prospects for 2016/17 will be very brighter.

Technical indicators and moving averages are strongly bullish for the stock
RSI 62
ROC 13
Bull/Bear power 9.4 on daily charts. I think this will be moving towards 110/120 level with CWM. Also illiquidity is another positive factor.

Thanks

57LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Thu May 19, 2016 5:36 am

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Agree old is gold and this is a old bull combination.Even CFLB may move

58LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Thu May 19, 2016 9:23 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Lankem was trading Rs.450 level around 5 years ago. Some said it was pure manipulation. Investors lost huge amount of money by holding the share anticipating late recovery. But nothing happened...except came down to Rs.65-75 range..

59LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Sun May 29, 2016 10:26 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
LCEY , CFLB highly expecting good profits

60LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Sun May 29, 2016 10:39 pm

Teller

Teller
Moderator
Moderator
Every company has a life cycle. Better to understand it. When we climb a mountain don't forget a slope also on the way.
Some times I feel companies also like humans. Some times we have good times vs bad times too.
This is the nature of this world. It's like a seashore..


_________________




Teller said is said..

61LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Sun May 29, 2016 11:36 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
@Teller wrote:Every company has a life cycle. Better to understand it. When we climb a mountain don't forget a slope also on the way.
Some times I feel companies also like humans. Some times we have good times vs bad times too.
This is the nature of this world. It's like a seashore..
Totally agree with you. nicely written

62LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Future of LCEY/CLFB Fri Mar 08, 2019 11:50 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
What would be the future of Lankem group. Group is under performing since many years. Both companies lost heavily in the last nine months.

What is happening in this group? Is it going to be bankrupt? Hardly unlikely, but it may take some time to recover.

LCEY:
Last nice months loss: 1 billion 
Last nine months EPS: -29/-
Net Asset Per Share: 15/-
Share Price: 21/-

CFLB
Last nice months loss: 1.4 billion 
Last nine months EPS: -7.5/-
Net Asset Per Share: 20/-
Share Price: 14/-

63LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Sat Mar 09, 2019 1:15 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Monster wrote:What would be the future of Lankem group. Group is under performing since many years. Both companies lost heavily in the last nine months.

What is happening in this group? Is it going to be bankrupt? Hardly unlikely, but it may take some time to recover.

LCEY:
Last nice months loss: 1 billion 
Last nine months EPS: -29/-
Net Asset Per Share: 15/-
Share Price: 21/-

CFLB
Last nice months loss: 1.4 billion 
Last nine months EPS: -7.5/-
Net Asset Per Share: 20/-
Share Price: 14/-
They are in coma stage.

64LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Sun Mar 10, 2019 4:24 pm

mark

mark
Expert
Expert
@Monster wrote:What would be the future of Lankem group. Group is under performing since many years. Both companies lost heavily in the last nine months.

What is happening in this group? Is it going to be bankrupt? Hardly unlikely, but it may take some time to recover.

LCEY:
Last nice months loss: 1 billion 
Last nine months EPS: -29/-
Net Asset Per Share: 15/-
Share Price: 21/-

CFLB
Last nice months loss: 1.4 billion 
Last nine months EPS: -7.5/-
Net Asset Per Share: 20/-
Share Price: 14/-

Monster is back, welcome back dude, hope its the real owner of the acct.
Remembering good old days...

btw its better to be away from the cflb group.i don't see any good in near future.

65LANKEM CEYLON PLC (LCEY.N0000) - Page 3 Empty Re: LANKEM CEYLON PLC (LCEY.N0000) Mon Mar 11, 2019 8:10 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Very happy to see both I guys monster and Mark In this forum.both have good sound record and history

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