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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » HAYLEYS FABRIC PLC (MGT.N0000)

HAYLEYS FABRIC PLC (MGT.N0000)

+37
kadik
MR.T5n
DamithAsian
judecroos
Eranga87
Win Win
High-flyer
Mr. X
Master D
ONTHEMONEY
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DKbogols
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41 posters

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41HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Wed Dec 04, 2019 12:32 pm

ipo


Equity Analytic
Equity Analytic
Now its too risky to enter . but still some stock brokers recommends MGT

42HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty What happened MGT Fri Feb 07, 2020 2:10 pm

naveen


Equity Analytic
Equity Analytic
Why mgt fell today. When i see their financial report they made good profit?

43HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 3:28 pm

Teller


Moderator
Moderator
Recommended 9.50 again 13.40-14 recommended to 18.40, once it touches 18.70 i cleary told Its with manipulators hand. I gave my sell signal. If you refer my prevoius post, you can see it

44HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 3:31 pm

naveen


Equity Analytic
Equity Analytic
Clearly ...

45HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 3:57 pm

Sanju121


Senior Equity Analytic
Senior Equity Analytic
Maybe so many people bought on margin and now selling shares....might come to previous levels..

46HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 7:23 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Oh 9% down neh Surprised

If it's good performing company this will be an opportunity to collect. However i haven't analysed this share , So i am not recommending anything.

47HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 8:31 pm

INDY 500


Senior Equity Analytic
Senior Equity Analytic
@Teller
What is the bottom level price to collect MGT at right know

48HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 8:58 pm

Sanju121


Senior Equity Analytic
Senior Equity Analytic
@INDY 500 wrote:@Teller
What is the bottom level price to collect MGT at right know
Rock bottom because market is not bullish

49HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Fri Feb 07, 2020 9:31 pm

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics
I don’t think it will fall below 16 in this market, (Tokyo results were also below par but still around 45-47 )

50HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Sat Feb 08, 2020 12:08 am

Teller

Teller
Moderator
Moderator
MGT complicated to predict based on charts, we have to see the new earnings also. Remember i clearly told to open sell position above 18.40 when it was trading. Some times too much bullish looks like partly greedy


_________________




Teller said is said..

51HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Feb 11, 2020 8:20 pm

Teller

Teller
Moderator
Moderator
As upward curve has inverse upper digit to minus 9.674, this will definitely touch 13.20 again


_________________




Teller said is said..

52HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Feb 11, 2020 8:26 pm

Teller

Teller
Moderator
Moderator
HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Screen14
HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Screen13


_________________




Teller said is said..

53HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Feb 11, 2020 9:09 pm

INDY 500


Senior Equity Analytic
Senior Equity Analytic
@Teller
Is it a short term target @ 13.20 or longer term $
Currently it is @ oversold position and it RSI around 32
Please clarify

54HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Feb 11, 2020 10:26 pm

Teller

Teller
Moderator
Moderator
Now days Who cares RSI, this is a very primary indicator
, think out of box always. We should not be traditional investors. RSI is not a measurement for future earning s, future capabilities , RSI is just a graph , very basic tool. Buy based on fundementals. But correct entry /support level should be understood . Based on those values rewrite a graph. Then you can understand the trend . As trend is your friend always,so try to create a trend line. Simply fundementals vs technicals. Then you will get a ratio. Then multiple with current share price. Then figure will come. If figure plus , you have to add, if its negative it should minus from current share price. Its complicated some times its boaring,some times interesting . As i live with these, i see the pattern. I can not tell all. You do home work

55HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Wed Feb 12, 2020 7:22 am

INDY 500


Senior Equity Analytic
Senior Equity Analytic
@Teller
Excellent value added explanation
Thanks brother

56HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Aug 11, 2020 9:38 pm

Sandaruwan mk


Stock Trader
MGT Any prediction for next 3 months. 2nd quarter results not bad

57HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Oct 12, 2020 5:12 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
With MGT’s order book being full & capacity expansion coupled with LKR depreciation, MGT is expected to have a bumper quarter in Q2. Massive EPS for H1 expected. More over it is yet to take off following the recent C19 outbreak. Currently trading at a massive discount to expected earnings multiples. Current price can easily double after Q2 results. Their biggest client NIKE recently reported surge in revenues and profits. 

This is not a buy or sell recommendation. Do your own analysis.

58HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Oct 12, 2020 6:10 pm

INDY 500


Senior Equity Analytic
Senior Equity Analytic
Today's trading pattern was not promising.
Can come down further.
Don't buy when manipulators are dumping.

59HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Oct 12, 2020 6:27 pm

dakzsl


Senior Equity Analytic
Senior Equity Analytic
i also felt the same, this might come down further and it has firm support on 18-20 level if it breaks 23.

60HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Oct 12, 2020 6:36 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
Short term trading patterns are not too relevant if you are making an investment. At 23/- levels MGT is not only fundamentally strong but also has super future earnings potential. It all depends if you are planning to trade or invest in this share. My earlier comment was for an investment, not for trading. There is no fundamental reason why this counter should drop any further - except Covid related.

61HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Thu Oct 15, 2020 2:11 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
As I mentioned on Monday, MGT is heating up now! Decent collection last few days. This is now nicely placed for an amazing run as super earnings expected for Q2 and beyond with full order book! This is the next Hayleys group stocks to hit new heights similar to other Hayleys counters such as DIPD, HAYC, HAYL etc.

62HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Oct 20, 2020 9:25 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
MGT is heating up. Directors also buying at these levels meaning it’s a good indicator towards positive future. Expecting a run soon, once it starts moving there is no catching this train! Next stop mid-30s

63HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Tue Oct 20, 2020 9:30 pm

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DKbogols wrote:MGT is heating up. Directors also buying at these levels meaning it’s a good indicator towards positive future. Expecting a run soon, once it starts moving there is no catching this train! Next stop mid-30s
Hi DKbogolos,

Endorse your comments. I expect substantial growth in Quarter Earnings as well

Good Luck

DKbogols likes this post

64HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 5:15 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!

65HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 5:29 pm

Master D


Manager - Equity Analytics
Manager - Equity Analytics
@DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!


Why a company registered/listed in SL would report earnings in USD?
is it legally allowed? 


Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends?  or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?

Experts please enlighten..

66HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 5:37 pm

Mr. X

Mr. X
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Master D wrote:
@DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!


Why a company registered/listed in SL would report earnings in USD?
is it legally allowed? 


Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends?  or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?

Experts please enlighten..

Translated numbers are available.

67HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 5:40 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
@Master D wrote:
@DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!


Why a company registered/listed in SL would report earnings in USD?
is it legally allowed? 


Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends?  or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?

Experts please enlighten..
I don’t think any hidden agenda. If look at all previous earnings MGT has always reported in USD. Ex rate gain just see usd statement where you can clearly see the H1 performance outperforming last year and well and H1 meeting almost last years full years result. Please study the reports more carefully. You can also see net cash position has increased by 1.3mn usd in addition to superb earnings.

68HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 5:49 pm

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@Master D wrote:
@DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!


Why a company registered/listed in SL would report earnings in USD?
is it legally allowed? 


Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends?  or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?

Experts please enlighten..

There are several Criteria to select Reporting Currency as per IFRS.

Since there earnings and Purchases done via USD they have to use USD as reporting Currency. Almost all Apparel Companies such as Brandix, MAS, TJL us USD as reporting Currency.

TJL do Currency translation and Upload Only LKR financials to CSE. But MGT upload USD Financials with LKR translation.

judecroos likes this post

69HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 6:07 pm

DKbogols


Manager - Equity Analytics
Manager - Equity Analytics
Whether its LKR or USD, you can't hide the fact that company is doing well! Their major buyer is NIKE and the order book is full until 2021/22. No hiding the fact that MGT is doing extremely well with 7x PER (H1 annualised EPS) and 1.3mn USD positive cashflow. I feel its severely undervalued. 

Just prior to Q2 results, it was trading at 11x annualised Q1 EPS. Just imagine if you apply 11x to H1 annualised EPS (1.5x2x11 = 33LKR per share).

70HAYLEYS FABRIC PLC (MGT.N0000) - Page 3 Empty Re: HAYLEYS FABRIC PLC (MGT.N0000) Mon Nov 02, 2020 7:25 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
MGT is a good share for investors. Earlier, they made losses few yrs back. After recording continuous profit, They are distributing it to shareholders. I have seen this practice in all Mr.Dammika's companies. They are not like LOLC. They fairly share the success!!

My portfolio consists of HAYL shares majorly

DIPD / HAYC / HAYL / TPL

Look above 4 companies. They pay good dividends.


See other Mr.Dammika's related companies

HEXP / RCL / LFIN / SAMP / VFIN 

one of success story is Share Holders satisfaction.

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