PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

Eranga87 wrote:I told you @Mithoosan, try to collect when price drop-in the morning.

Eranga87 wrote:govt. really wants to develop local manufactures and not going to import unnecessary things. govt. clearly said earlier give priority to improved local manufactures. govt. really suffer from foreign exchange reserves.


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cpd. frpm @Jay-jay
GLASS has a permanent supply order from CARLSBURG  from last year.

 with the latest development in the self-sufficient economy ... SL is producing Medicine within the country up to an extent where special glass - bottles requirement popped up and GLASS will be the only supplier.

 In the context of Government decision to ban 1/4  arrack bottles a new requirement has arisen for a new load of 1/2 bottles and ....  again the only supplier will be GLASS

shakthi1974 wrote:

Glass should go down because all government orders for Vials had been given to foreign suppliers, NOT FOR GLASS as per the today's cabinet decision

Not sure why??

Mr. X wrote:what is the max price it can reach? any idea?

Eranga87 wrote:second quarter 2020/21 Revenue = Rs 2.2Bn 
second quarter 2020/21  net profit =Rs.360Mn
second quarter 2020/21  EPS            = Rs.0.38
Estimated Net Profit for 2020/21    = over Rs 1Bn
Estimated EPS for FY 2020/21          = over Rs 1.10 per share

Estimated share price for 2020/21 FY = Rs 16.5 [1.10 @ 15PE multiples]
 
GLAS,  September 2020 quarterly financials and annualized EPS clearly support the current market price of Rs 7.50 and annualized estimated EPS will support increasing GLAS price movements(over 15 levels) in the future.  There are so many advantages potentially.
·         GLASS has a permanent supply order from CARLSBERG  from last year.
·         with the latest development in the self-sufficient economy ... SL is producing Medicine within the country up to an extent where special glass - bottles requirement popped up and GLASS will be the only supplier.


·          In the context of the Government decision to ban 1/4  arrack bottles a new requirement has arisen for a new load of 1/2 bottles and ....  again the only supplier will be GLASS
·         The management firmly believes that with the New Product Development and inroads into new markets such as Mexico, Angola and Indonesia as well as the increased demand from Australia, PGC will be able to sustain the ongoing operations profitably. “GLAS are witnessing a global surge in demand for glass containers in the Food and Pharmaceutical category; due to which PGC is poised to retain the volumes in domestic and international markets and continue the growth trajectory.
·         Blackstone(UAS) and Partner group AG(SWISS) have a race to acquire GLASS entity.





N.B: During the months of April and May 2020, sales were subdued as customers who were manufacturing only essential products were functioning and that too at just 50% capacity. Therefore, adversely affect to 1^st quarter financial results due to COVID 19 Lockdown situation. GLAS Clearly said, they fully utilized capacity level hence June 2020. I earlier mentioned reasons that will be benefited to increase their revenue and as well as net profit and EPS. This time can expect 0.80-0.90 dividend income per share.

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

Mithooshan wrote:

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.

Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate) - 0.98 (-0.05+0.38+(0.30*2))

Then Market Price - 14.70 (0.98*15)

Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.

Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf

Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon

dilshangac wrote:

Mithooshan wrote:

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.

Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate) - 0.98 (-0.05+0.38+(0.30*2))

Then Market Price - 14.70 (0.98*15)

Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.

Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf

Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon

RAL is more powerful than this. You can Compare

Eranga87 wrote:people who unable to recommend share before price goes up. when share ready to go up , people are coming tell exsit point. very funny,,
 
now alraedy, upuload quaterly financial results, finacial are very impressive results. i multiple times said upcoming finacial will become impressive. solid finacial support price further movements.

other shares financial results will be upload asap.. after, every one can identfiy.. which is a best thing. some of comapny continously suffer server loss. that share price will incresed more than 400% without reasonble reasons. few people wants to downgrade GLASS rather than critise loss-making company. so sad..

waiting another pending announcement..

Mithooshan wrote:

dilshangac wrote:

Mithooshan wrote:

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.

Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate) - 0.98 (-0.05+0.38+(0.30*2))

Then Market Price - 14.70 (0.98*15)

Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.

Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf

Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon

RAL is more powerful than this. You can Compare

If the share is fundamentally good. Tell what is good in RAL. Why do you need to take GLAS to highlight RAL. It is ugly. No offense to anyone. My personal view only.
(Even i amend the P/E for 10, still a market price of RS.10 is Very very much Justifiable and Glass had traded @11 before with a price multiple of 18)

I see few others demoting Expo to promote other shares. If a share is good please make a valid argument rather than downgrading other shares to put off your frustrations. That is really not professional ladies and gentlemen.

Eranga87 wrote:people who unable to recommend share before price goes up. when share ready to go up , people are coming tell exsit point. very funny,,
 
now alraedy, upuload quaterly financial results, finacial are very impressive results. i multiple times said upcoming finacial will become impressive. solid finacial support price further movements.

other shares financial results will be upload asap.. after, every one can identfiy.. which is a best thing. some of comapny continously suffer server loss. that share price will incresed more than 400% without reasonble reasons. few people wants to downgrade GLASS rather than critise loss-making company. so sad..

waiting another pending announcement..

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

Mithooshan wrote:

dilshangac wrote:

Mithooshan wrote:

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.

Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate)  - 0.98 (-0.05+0.38+(0.30*2))

Then Market Price - 14.70 (0.98*15)

Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.

Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf

Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon

RAL is more powerful than this. You can Compare

If the share is fundamentally good. Tell what is good in RAL. Why do you need to take GLAS to highlight RAL. It is ugly. No offense to anyone. My personal view only.
(Even if i amend the P/E for 10, still a market price of RS.10 is Very very much Justifiable and Glass had traded @11 before with a price multiple of 18 in the year 2011, Can view the link for verification)

I see few others demoting Expo to promote other shares. If a share is good please make a valid argument rather than downgrading other shares to put off your frustrations. That is really not professional ladies and gentlemen.

Link - https://cdn.cse.lk/cmt/upload_report_file/666_1594891756017.pdf

Eranga87 wrote:

Mithooshan wrote:

dilshangac wrote:

Mithooshan wrote:

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.

Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate)  - 0.98 (-0.05+0.38+(0.30*2))

Then Market Price - 14.70 (0.98*15)

Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.

Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf

Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon

RAL is more powerful than this. You can Compare

If the share is fundamentally good. Tell what is good in RAL. Why do you need to take GLAS to highlight RAL. It is ugly. No offense to anyone. My personal view only.
(Even if i amend the P/E for 10, still a market price of RS.10 is Very very much Justifiable and Glass had traded @11 before with a price multiple of 18 in the year 2011, Can view the link for verification)

I see few others demoting Expo to promote other shares. If a share is good please make a valid argument rather than downgrading other shares to put off your frustrations. That is really not professional ladies and gentlemen.

Link - https://cdn.cse.lk/cmt/upload_report_file/666_1594891756017.pdf

@dilshangac,
CHECK RAL dividend paid amount in the last 5 years. most of the years, they didn't pay anything. RAL only paid RS. 0.36CENTS per share for the last 5 years.
 
GLAS paid dividend Rs.1.20per share in the last 5 years.
 

both divided and capital gain can be get via GLAS rather than RAL.
Now, you determined which is the best one from the investor perspective. now which are powerful.

dilshangac wrote:

Eranga87 wrote:

Mithooshan wrote:

dilshangac wrote:

Mithooshan wrote:

dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.

@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.

Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate)  - 0.98 (-0.05+0.38+(0.30*2))

Then Market Price - 14.70 (0.98*15)

Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.

Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf

Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon

RAL is more powerful than this. You can Compare

If the share is fundamentally good. Tell what is good in RAL. Why do you need to take GLAS to highlight RAL. It is ugly. No offense to anyone. My personal view only.
(Even if i amend the P/E for 10, still a market price of RS.10 is Very very much Justifiable and Glass had traded @11 before with a price multiple of 18 in the year 2011, Can view the link for verification)

I see few others demoting Expo to promote other shares. If a share is good please make a valid argument rather than downgrading other shares to put off your frustrations. That is really not professional ladies and gentlemen.

Link - https://cdn.cse.lk/cmt/upload_report_file/666_1594891756017.pdf

@dilshangac,
CHECK RAL dividend paid amount in the last 5 years. most of the years, they didn't pay anything. RAL only paid RS. 0.36CENTS per share for the last 5 years.
 
GLAS paid dividend Rs.1.20per share in the last 5 years.
 

both divided and capital gain can be get via GLAS rather than RAL.
Now, you determined which is the best one from the investor perspective. now which are powerful.

Look at the today closing prices of RAL and GLAS. I tried to point out the RAL has more potential to move up than the GLAS against to the current trading prices of those two. GLAS is closed in 7.20/- but RAL closed at 5.90/- so you have more than 15% gap if you go with RAL. Anyway I don't want to downgrade the GLAS. It's a good share but you guys can try. We have many options. Chances are there.