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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » THREE ACRE FARMS PLC (TAFL.N0000)

THREE ACRE FARMS PLC (TAFL.N0000)

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201THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Fri May 06, 2016 8:01 am

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

TAFL have produced better improved results than GRAN. Compare with last quarterly results.Actually gran has reduced its EPS, whereas TAFL have produced a even more EPS.

EquityChamp


Moderator
Moderator

Principle Business Activities
Selective breeding, hatching and sale of commercial DOCs, grandparent farm operations, import grandparent DOCs, advance technology breeding and commercial broiler farming.

Industry Outlook
The country has seen a rapid expansion in the production of poultry related products on the back of expensive alternative of Fish and the other substitutes of meet such as pork and beef. The cheap nature of poultry products have attracted very high demand and thereby increased the suppliers. This trend has created growing demand for day old chicks; the main product of TAFL.

Financial Performance
The company has experienced continued growth in revenue every quarter recording a compounded quarterly revenue growth of 8.6% since Q4 2014. Its PAT margin has improved from 11.6% in Q4 14 to 33.2% in Q1 16 due to the efforts in increased productivity and decline in key raw material cost continuously.
Rs mnQ4 14Q1 15Q2 15Q3 15Q4 15Q1 16
Revenue414441493558598624
Revenue growth 6.5%11.8%13.2%7.2%4.3%
PAT4879107161203207
PAT margin11.6%17.9%21.7%28.9%33.9%33.2%
The company generates a substantial ROE of 45% in Q1 16 with a 4 quarter trailing EPS of Rs 28.9.

Valuation
An ROE of 45% in an any industry will be a tremendous achievement. At the CMP of Rs125.50 the stock is trading at a 4Q trailing PE of 4.3x. The current prices reflects a huge intrinsic value hence you are advised to collect the stock and hold in the medium term.

Thanks

203THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Sun May 08, 2016 10:00 pm

pfxavier


Senior Equity Analytic
Senior Equity Analytic

Good informative analysis. Another point is now company is debt free. This will increase the next quarter bottom line as well. Nice work EquityChamp !

204THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Mon May 09, 2016 5:14 am

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

In the short term TAFL price has to be adjusted to 150-160 with this super consistent performance.

205THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Mon May 09, 2016 9:47 am

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

130 possible today from TAFL   cheers

206THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Mon May 09, 2016 10:05 am

A+


Manager - Equity Analytics
Manager - Equity Analytics

TAFL or GRAN will leap frog one day by more than 7-10 rupees and afterward it is due for a rapid up move.

207THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 11:51 am

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

Steady uptrend shown by TAFL comparing to other two poultry shares. Investors have found out how undervalued TAFL is

208THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 12:05 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

As i said TAFL touched 130. My next short term target is 140. What a share  cheers

209THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 12:08 pm

A+


Manager - Equity Analytics
Manager - Equity Analytics

TAFL possible to reach 140 levels before the end of month while GRAN will be stagnating at the same level.

210THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 12:11 pm

hanuma


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ASHA PHILLIP SECURITY recommended RS 170/=.i think its possible very soon.hurry......

211THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 12:44 pm

hotstock


Manager - Equity Analytics
Manager - Equity Analytics

There is a huge gap between GRAN vs TAFL (Almost Rs 50). There is no such a gap % in the past. Both are fundamentally great so there should be a correction... But donno when

212THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 12:47 pm

EquityChamp

EquityChamp
Moderator
Moderator

@ hotstock, I have clearly written the reason for this in this forum. Selling pressure is draging the movement of GRAN while free flowing of TAFL moving. I predict even if TAFL moves to 150 still GRAN will be @ 80s. GRAN need to be traded for more than 3mn if this to be moved above 80s.

213THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 1:04 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

Huge collection going on in TAFL @129 .  This is a indication of a jump beyond 130 very soon

214THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 1:21 pm

hotstock


Manager - Equity Analytics
Manager - Equity Analytics

@EC how relible is it. Coz why should one sell at a low price while they know it worth more. On the other hand, if there is a value why anyone doest go for off the floor transaction. This also makes me to think whether tafl is a manipulation

215THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Tue May 10, 2016 1:46 pm

EquityChamp

EquityChamp
Moderator
Moderator

@ Hotstock,

You can read GRAN story here.
http://forum.srilankaequity.com/t50637-ceylon-grain-elevators-a-value-rich-stock?highlight=ceylon+grain

According to brokers still no buyer came forward to buy the entire block may be due to past experience. They can remind what happen to institutions such as EPF buying GRAN big blocks for over 200/- in 2011.

216THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Wed May 11, 2016 8:11 am

EquityChamp

EquityChamp
Moderator
Moderator

TAFL showing strong BUY signals in all daily, weekly and monthly technical charts. The Bull/Bear power(13) indicator has very high values of 39 for monthly charts and 16.5 for daily chats. These values are very very strong to indicates bullish sentiment of the share.

217THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Wed May 11, 2016 5:57 pm

Brinthan

Brinthan
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:TAFL showing strong BUY signals in all daily, weekly and monthly technical charts. The Bull/Bear power(13) indicator has very high values of 39 for monthly charts and 16.5 for daily chats. These values are very very strong to indicates bullish sentiment of the share.
EC sir  what is the Software are u use it for your technical analysis......? I am using investing.com.

218THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Wed May 11, 2016 7:57 pm

EquityChamp

EquityChamp
Moderator
Moderator

Investing.com is fine with me also. Also metastock is good for me. But investing.com is very easy to use and readily available the info we want.

219THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Wed May 11, 2016 8:06 pm

EquityChamp

EquityChamp
Moderator
Moderator

Additionally investing.com allows to keep a track of the trend of technical indicators. For example the Bull/Bear Power(13) indicator for daily charts has jumped up today to 21.4 from 16.5 yesterday. This means the bulls are getting stronger and stronger than bears. RSI went up to 79 indicating overbought but the bull trend is very much intact.

220THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Thu May 12, 2016 5:53 am

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

TAFL is slowly but surely reaching to its target of 150

221THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Thu May 12, 2016 8:13 am

EquityChamp

EquityChamp
Moderator
Moderator

Look at the below trading statistics of TAFL since 1st of April to date.
Date Price  Open  High  Low Vol.Change %
May 11, 2016 131.6   129.3  132.9  129.0 61.70K2.02%
May 10, 2016 129.0   127.5  130.0  123.0 128.90K1.57%
May 09, 2016 127.0   126.0  128.0  124.0 48.56K2.42%
May 06, 2016 124.0   124.0  128.0  123.2 129.69K2.56%
May 05, 2016 120.9   120.0  122.3  119.1 40.11K-1.06%
May 04, 2016 122.2   122.0  124.7  118.9 61.10K0.16%
May 03, 2016 122.0   123.4  124.8  120.0 72.65K-0.41%
Apr 29, 2016 122.5   118.0  124.0  118.0 357.32K4.70%
Apr 28, 2016 117.0   113.0  118.0  112.0 165.81K4.00%
Apr 27, 2016 112.5   109.8  113.0  108.5 132.20K4.17%
Apr 26, 2016 108.0   106.0  109.0  105.8 81.94K2.08%
Apr 25, 2016 105.8   106.0  106.0  102.0 107.45K-0.19%
Apr 22, 2016 106.0   104.0  106.0  103.0 37.53K2.91%
Apr 20, 2016 103.0   104.0  105.0  103.0 13.82K-1.90%
Apr 19, 2016 105.0   106.0  106.0  103.0 6.42K0.96%
Apr 18, 2016 104.0   105.1  106.8  103.0 11.69K-2.80%
Apr 15, 2016 107.0   107.9  108.5  106.0 37.80K0.94%
Apr 12, 2016 106.0   103.5  107.0  102.1 83.02K3.92%
Apr 11, 2016 102.0   102.0  103.5    98.0 94.55K2.00%
Apr 08, 2016 100.0   102.9  104.8  100.0 54.63K-2.15%
Apr 07, 2016 102.2   101.0  104.8    99.0 61.20K2.20%
Apr 06, 2016 100.0   101.0  102.0    98.0 125.69K-1.86%
Apr 05, 2016 101.9     92.8  101.9    92.8 231.19K9.81%
Apr 04, 2016  92.8     89.8    92.8    89.8 109.73K4.39%
Apr 01, 2016  88.9     88.5    89.0    86.3 40.51K4.47%
Out of 25 trading days 18days the CMP was up and only 7days it is down. Also you can note that the price range for the entire period was 86.30 - 132.90 and the share has gone up by nearly 50%. Also you could seen that when the share hit 100 level it has came up by very slowly with 2%, 3% 4% daily change +/-. Additionally even with 50% gain so far the stock is still bullish in their daily, weekly as well as monthly charts with strong buy signals.

All these facts indicates that this stock has now entered into a sustainable bull run and the life of the bull is much longer than any one can expect. Further this bull run has material differences with previous bull run where it went up from 30s to 160 with some days of more than 10% growth. The current trading indicates investors buy the stock and realise the profit and then again enter into stock so that unlike the previous time we hardly see people buy low and keep on holding seeing that their unrealised gains sky rocketing by 50%,75%, 100% etc. This should be the reason that we can't see any panic when TAFL ends in red of it CMP in one day but back to green in the other day as well changing only 2%,3%,4% per day.

So my conclusion is this bull run will sustain longer than the previous one and will probably take to 200/- by September this year.

222THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Thu May 12, 2016 10:57 am

worthiness


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

Current market trend is progressive but moving up at slow phase. TAFL is considered to be the most undervalued stock that brings more profits in the future. Slow demanding pattern is the bottleneck to rising the price of TAFL that takes sometime to overcome. Growth indicators are excellent to think of buying & holding the TAFL.

223THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Thu May 12, 2016 11:02 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

worthiness wrote:Current market trend is progressive but moving up at slow phase. TAFL is considered to be the most undervalued stock that brings more profits in the future. Slow demanding pattern is the bottleneck to rising the price of TAFL that takes sometime to overcome. Growth indicators are excellent to think of buying & holding the TAFL.
totally agree with you

224THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Thu May 12, 2016 6:01 pm

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Today was a good day to collect this value gem.

225THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Fri Jun 03, 2016 2:41 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

EC what about your current feelings on TAFL. This seems to be very bullish to me. Saw good collection this week. Slowly but surely climbed up to 128 today.

226THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Fri Jun 03, 2016 7:39 pm

EquityChamp

EquityChamp
Moderator
Moderator

Yes. TAFL will not go down below 120 again. 130 is the resistance level. I am feeling great on TAFL and I have my targets for mid term. For the last couple of weeks I accumulated some of TAFL and GRAN as well but it has a long journey to go.

227THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Sat Jun 04, 2016 3:46 am

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

Yes EC. 130 will be surely broken on monday.

228THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Sun Jun 05, 2016 4:20 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

Can u guys predict the price for TAFL tomorrow. I assume it will end up breaking the 130 barrier and finishing around 130-132

229THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Mon Jun 06, 2016 10:17 am

Vacations To Sri Lanka

Vacations To Sri Lanka
Manager - Equity Analytics
Manager - Equity Analytics

TAFL gonna break 130/ =

230THREE ACRE FARMS PLC (TAFL.N0000) - Page 9 Empty Re: THREE ACRE FARMS PLC (TAFL.N0000) Mon Jun 06, 2016 10:24 am

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics

Yes. Came close. Just a matter of time now. sellers are drying up

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