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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Tea prices up and up.Plantation shares down and down!

Tea prices up and up.Plantation shares down and down!

+3
anjelo
Teller
Wimal Modawansa
7 posters

Go down  Message [Page 1 of 1]

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

Sri Lanka tea prices at the November 2017 auctions showed gains in high, medium and low growns, a new report said.
“When analyzing the respective elevational averages, high grown average of 644.06 rupees for November 2017 show a gain of 87.82 rupees vis-à-vis 556.24 rupees of November 2016,” Forbes & Walker Tea Brokers said in their latest report.
“It is also relevant that these averages show a gain in USD terms when compared to the corresponding month of 2016.”
January – November cumulative average for 2017 totalled 617.96 rupees vis-à-vis 461.99 rupees of January – November 2016 showing a substantial gain of 155.97 rupees.

Teller

Teller
Moderator
Moderator

Vs more rain condition became supply down ...

Teller = TellerX

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

wait.... wait... its still collection time.
Next runs will begin once its near Q1 report finalizing times (around jan start).
Data will be leaked from somewhere for sure and you will be able to see the runs happen and end even before the numbers are out.
that's TEA for you....

Teller

Teller
Moderator
Moderator

Smile

kjojo


Manager - Equity Analytics
Manager - Equity Analytics

Teller Uba aye awada gaumak edegena waren lajja nathuwa awane

Teller

Teller
Moderator
Moderator

Ei mn lajja wenne....hahhha

kjojo


Manager - Equity Analytics
Manager - Equity Analytics

Ei Bn teller market 5800 kewe shares sell karanda keyala eth market 6700+.. and Palayan Bn yanda. Hena gahanwa yko Ubata nikan boru keyala nimisunge shares ganawata

Teller

Teller
Moderator
Moderator

Those who sold on that prices are real winners.if you check you can understand most of the companies (more than 60%] share prices were down in last 6 months.

fortuneteller

fortuneteller
Senior Equity Analytic
Senior Equity Analytic

Profit figures of Plantation Companies up to November is leaked to the market. As December auction prices are also high the plantation company share prices have started moving up.

Buy at correct prices and exit at the correct time.

Happy December.

fortuneteller

fortuneteller
Senior Equity Analytic
Senior Equity Analytic

The Russian Federation on Thursday announced that tea imports from Sri Lanka had been banned due to the detection of a single specimen of the agricultural pest, the beetle Trogoderma Granarium in the packaging material of a consignment of tea shipped from Sri Lanka.

Sri Lanka exports more than 23% of its total tea exports to Russia comprising millions of kilos annually

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

the Russian thing would be a temporary setback.
The profits are good last quarter and it should be even ok to settle off the year even,
The TEA shares are to have a good run soon,
The russian story would bring mix feelings and with that will give good opportunities,
as soon as the ban is lifted we would see a good rise on the shares once more,
If the timing is perfect, with the lifting off the ban and the results officially coming out in jan,
the shares would be pushed 20 to 30% from current levels

wisdom


Equity Analytic
Equity Analytic

Every thing will depend on Auction Prices and how long it gonna take to resolve the issue. Obviously Ceylon Tea Board need strategic marketing campaign to regain customer confidence in due time.

fortuneteller

fortuneteller
Senior Equity Analytic
Senior Equity Analytic

Once the diplomatic issue is sorted out tea prices will go up and up.

As soon as the ban is lifted we would see a good rise on the shares once more,
If the timing is perfect, with the lifting off the ban and the results officially coming out in jan,
the shares would be pushed 20 to 30% from current levels

Ran49


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Most of the Investors are collecting...... Check UDPL.... LDEV

fortuneteller

fortuneteller
Senior Equity Analytic
Senior Equity Analytic

The Cabinet yesterday decided to relax the ban imposed on the use of Asbestos roofing materials imported from Russia.


Russia’s agriculture safety watchdog Rosselkhoznadzor plans to discuss restricted tea imports with Sri Lanka.

Begging in Colombo city prohibited

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

fortuneteller wrote:The Cabinet yesterday decided to relax the ban imposed on the use of Asbestos roofing materials imported from Russia.


Russia’s agriculture safety watchdog Rosselkhoznadzor plans to discuss restricted tea imports with Sri Lanka.

Begging in Colombo city prohibited
smart move to get some grace towards ceylon tea from Russia, surely things would workout now.January would be a good month for Tea shares once more.

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