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FURTHER VERY GOOD NEWS FOR INVESTORS OF HEXP
Investors who are eagerly awaiting important announcement re sale of and for Rs. 420 M giving a net profit of Rs. 215 M as indicated in the last quarterly report ending 30 June 16 are in for a further good news.
Bontera Lank Ltd joint collaboration with HEXP and Bontera Wailand GMBH Germany has been receiving large orders recently which would substantially enhance profits of HEXP. It is observed from quarterly report of 30 June profits of Bontera Lanka Ltd account for nearly 55% of net profits of HEXP. Bontera Lanka Ltd which manufactures stitched blankets, for eco-friendly solutions for applications has a very good market especially in EU.
50% net profit received by HEXP in the past are as follows,
2015 | 2016 | 1st quarter ending 30.06.16 |
5.9 M | 14.2 M | 8.8 M (annualized Rs. 35.3 M) |
Under the new development net profit of Rs. 55 M to 60 M could be safely assumed despite absence of actual data. It is observed from last quarterly report ending 30 June 16 profits from Bontera Lanka Ltd account for almost 55% of net profit of HEXP.
Accordingly estimated net profit are revised upwards as follows;
2016/17 | sale of land | EPS | Rs. | 22.84 |
Normal Operation | EPS | Rs. | 15.00 | |
Rs. | 37.84 | |||
2017/18 | EPS | Rs. | 20.00 |
What is now significant is predicted price of Rs. 200 during current financial year could be justified solely from normal operation completely ignoring net profit of Rs. 215 from land transaction. Estimated price of Rs. 200 would be reasonable with P.E. of 13.3 far below the PE of 29.3 on 26th August under consumer durable and apparel category.
This reconfirms the widely believed opinion HEXP is the best share during the current year which can give a return of 100% at current price level of Rs. 101.
Stock Wizard
