FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» What will happen tomorrow?
by Chathur Yesterday at 10:39 pm

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Yesterday at 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Yesterday at 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:32 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Antonym Yesterday at 8:23 pm

» GLAS will be winner with Super Gain.
by C.THARANGA Yesterday at 8:12 pm

» Most Undervalued Shares
by celtic tiger Yesterday at 1:38 pm

» Ban of chemical fertilizers is a great news
by samaritan Yesterday at 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Yesterday at 9:48 am

» Price prediction on GRAN and TAFL
by Antonym Yesterday at 8:47 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by Bakkabwoi Yesterday at 12:25 am

» DIPD/HAYC/HAYL
by desilva Tue May 11, 2021 10:48 pm

» Prime Residencies IPO. Over Priced?
by ChooBoy Tue May 11, 2021 5:08 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by samaritan Tue May 11, 2021 1:10 pm

» RSI & Stop Loss Combined Strategy to generate more than 70% profit in CSE
by samaritan Tue May 11, 2021 11:51 am

» "MFL" DEAL to 12 RS (multi finance plc)
by arunaupendra Tue May 11, 2021 9:47 am

» Millennial Capital Youtube Channel
by MillennialC Mon May 10, 2021 11:09 pm

» JANASHAKTHI INSURANCE COMPANY PLC
by Accountant Mon May 10, 2021 6:33 pm

» Synergies of possible merger between Sampath Bank and PABC
by MoneyLover Mon May 10, 2021 4:04 pm

» GREAT NEWS! Sri Lanka inks US$500mn deal with Korea Eximbank financing
by ADVENTUS Mon May 10, 2021 2:16 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » What will be the future of Browns?

What will be the future of Browns?

Go down  Message [Page 1 of 1]

1What will be the future of Browns? Empty What will be the future of Browns? Thu Feb 17, 2011 7:30 pm

swarnasana


Manager - Equity Analytics
Manager - Equity Analytics
Will Browns go up more?

2What will be the future of Browns? Empty what would be the future of the BROWNS Thu Feb 17, 2011 8:43 pm

achala75


Senior Equity Analytic
Senior Equity Analytic
@swarnasana wrote:Will Browns go up more?
Most of the members are talking about BFL ,GRAIN,TFL,CFLB,LCEY etc.But only few members have noticed the value of BROWNS . If someone could do a study comparing the PE of those stocks with Browns u will be socked. Just take the figures of BFL.

Share Price EPS(9 months) EPS(Annualised) PE

BFL 410 23.60 31.40 13
Browns 273 35.60 47.46 5.75

(some figures are rounded)
I think nobody has noticed the value of Browns. In my view it will go up very soon once the foreign investors start buying.

3What will be the future of Browns? Empty Brown Thu Feb 17, 2011 8:59 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Question is how much is the EPS of Browns without the Capital Gain. Can any one help in this.....

4What will be the future of Browns? Empty Re: What will be the future of Browns? Thu Feb 17, 2011 9:17 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
in the recent past they decided to invest in aggressively, also their plans are in the acceptable range, but my concern is they have business connected to the tea as well, thats why i also closely looking this share for sometime, but didn't touch because of wage issue

5What will be the future of Browns? Empty Re: What will be the future of Browns? Thu Feb 17, 2011 9:19 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@gamaya wrote:Question is how much is the EPS of Browns without the Capital Gain. Can any one help in this.....

look at it this way for a net profit of 1.3bn they were taxed only 79mn generally income tax is around 20%(this figure maybe wrong) that should give you a general idea about how much operating profits they actually made

6What will be the future of Browns? Empty Re: What will be the future of Browns? Thu Feb 17, 2011 9:46 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@achala75 wrote:
@swarnasana wrote:Will Browns go up more?
Most of the members are talking about BFL ,GRAIN,TFL,CFLB,LCEY etc.But only few members have noticed the value of BROWNS . If someone could do a study comparing the PE of those stocks with Browns u will be socked. Just take the figures of BFL.

Share Price EPS(9 months) EPS(Annualised) PE

BFL 410 23.60 31.40 13
Browns 273 35.60 47.46 5.75

(some figures are rounded)
I think nobody has noticed the value of Browns. In my view it will go up very soon once the foreign investors start buying.




BRWN continue to produce better financials in successive quarterly reports, there is no doubt about their potential.
Diversified sector as well as Banking and Finance sector continue to produce steady improvement in EPS results. Especially BRWN, DIST, CFLB, SAMP and COMB could produce quarter on quarter improvement in financials. Their fundamentals are extremely good and it is possible for the investors to confidently rely upon their future growth potential

Some of the shares which need to keep an eye in diversified groups, tourism sector, transport and ports related PLCs. Are

BRWN, CONN,DIST,LFIN,DOCK,

HAYL,JKH,RCL,SAMP,SMLL,SPEN,

COMB,AHUN,LCEY,RHTL, and CFLB.

These are some of the businesses which could continue to produce expanding financials in the coming quarters and in forth coming annual reports.

7What will be the future of Browns? Empty BRWN Thu Feb 17, 2011 9:49 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks for that Mono.

8What will be the future of Browns? Empty Re: What will be the future of Browns? Thu Feb 17, 2011 10:01 pm

achala75


Senior Equity Analytic
Senior Equity Analytic
@mono wrote:
@gamaya wrote:Question is how much is the EPS of Browns without the Capital Gain. Can any one help in this.....

look at it this way for a net profit of 1.3bn they were taxed only 79mn generally income tax is around 20%(this figure maybe wrong) that should give you a general idea about how much operating profits they actually made

Thanks mano. But you would probably know that Browns is a diversified Co. and they make profit from many sectors including investment in equity\. Therefore we should not worry about that. Only point is they manage their business well now and therefore we can expect a steady growth of the company which could influence the price of the share.

9What will be the future of Browns? Empty Re: What will be the future of Browns? Thu Feb 17, 2011 11:02 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[quote="swarnasana"]Will Browns go up more?[/quote

share price appreciated more than 100% within 6,7 months & recently sold some HNB shares they had.

Browns may reinvest that money soon but generally speaking, I think browns would struggle to pass Rs300.00 in near future.

10What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 3:54 am

hasi84

hasi84
Moderator
Moderator
Did anyone notice that the big leap in BRWN profits was due to the decrease in minority interest. I suspect this is due to divesting 20% of its holdings in Free Lanka Capital holdings (FCHL)!
BRWN had invested in Maturata and Pussellawa plantations, HPFL through FCHL.
due to the reason explained above we cannot simply multiply the quarterly eps by 4 to calculate forward earnings.
As per the tax issue raised by MONO i suspect the effective tax rate is low due to profits from plantations and capital gains been tax free!

11What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 5:54 am

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ShareShares wrote:
@achala75 wrote:
@swarnasana wrote:Will Browns go up more?
Most of the members are talking about BFL ,GRAIN,TFL,CFLB,LCEY etc.But only few members have noticed the value of BROWNS . If someone could do a study comparing the PE of those stocks with Browns u will be socked. Just take the figures of BFL.

Share Price EPS(9 months) EPS(Annualised) PE

BFL 410 23.60 31.40 13
Browns 273 35.60 47.46 5.75

(some figures are rounded)
I think nobody has noticed the value of Browns. In my view it will go up very soon once the foreign investors start buying.




BRWN continue to produce better financials in successive quarterly reports, there is no doubt about their potential.
Diversified sector as well as Banking and Finance sector continue to produce steady improvement in EPS results. Especially BRWN, DIST, CFLB, SAMP and COMB could produce quarter on quarter improvement in financials. Their fundamentals are extremely good and it is possible for the investors to confidently rely upon their future growth potential

Some of the shares which need to keep an eye in diversified groups, tourism sector, transport and ports related PLCs. Are

BRWN, CONN,DIST,LFIN,DOCK,

HAYL,JKH,RCL,SAMP,SMLL,SPEN,

COMB,AHUN,LCEY,RHTL, and CFLB.

These are some of the businesses which could continue to produce expanding financials in the coming quarters and in forth coming annual reports.


I personally think it is important to go by corporate financial performances. BRWN demonstrate a steady growth mainly based on financials all those so called rallies did not last long prices tend to came down after a peak. Those businesses like BRWN which came out with expected finals continue to show an upward movement. BRWN and CFLB continue to produce good results. I personally think about medium term investments rather than unsustainable rallies. BRWN is a steady well managed growing group of companies.

12What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 7:59 am

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
@mono wrote:
@gamaya wrote:Question is how much is the EPS of Browns without the Capital Gain. Can any one help in this.....

look at it this way for a net profit of 1.3bn they were taxed only 79mn generally income tax is around 20%(this figure maybe wrong) that should give you a general idea about how much operating profits they actually made

Their profit before tax for dec qtr is 1299m. The disposal value of Selan bank is 1241m as per the stmt made on Dec. 3rd. I dont have any idea how much of this 1241m would reflect in the Browns financials since the transaction had been made by Browns Investments.
Anyway it seems they haven't made significant operational profit for the period.

13What will be the future of Browns? Empty BROWNS EPS cal based on Tax Fri Feb 18, 2011 2:47 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Total Tax for 2010 (audited)=120,203
Total Tax for 9 month ended 2010 =197,365
Expected Tax =197,365/3*4=263,153
YOY increase in Tax=263,153/120,203=2.18=218%
2010 EPS(audited)=14.30
projected rough eps based on tax=14.30*2.18=31.30 with a lot of assumptions Smile

14What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 3:56 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Looks like if BRWN breaks the 300 barrier it can shoot up much more. Since the share had gone up a bit within the last few days, am also watching whether this will come down/stagnate or further up? Looking at the volume today it seems there is interest to go up further?

Any comments guy?

15What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 4:00 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:
Looks like if BRWN breaks the 300 barrier it can shoot up much more. Since the share had gone up a bit within the last few days, am also watching whether this will come down/stagnate or further up? Looking at the volume today it seems there is interest to go up further?

Any comments guy?

i think it has at least one day left in the run

16What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 5:13 pm

econ

econ
Global Moderator
I was thinking of buying at 250 last week. but it seems go up to 296 in just two days.
damn this cse is too fast. it you were away for several days then too late..

17What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 5:15 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@econ wrote:I was thinking of buying at 250 last week. but it seems go up to 296 in just two days.
damn this cse is too fast. it you were away for several days then too late..

Maybe we can still join a shorter run if we are lucky?

18What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 5:19 pm

econ

econ
Global Moderator
@slstock wrote:
@econ wrote:I was thinking of buying at 250 last week. but it seems go up to 296 in just two days.
damn this cse is too fast. it you were away for several days then too late..

Maybe we can still join a shorter run if we are lucky?

but my sense say that rally may end next monday and go down ..

19What will be the future of Browns? Empty Re: What will be the future of Browns? Fri Feb 18, 2011 9:42 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ShareShares wrote:
@ShareShares wrote:
@achala75 wrote:
@swarnasana wrote:Will Browns go up more?
Most of the members are talking about BFL ,GRAIN,TFL,CFLB,LCEY etc.But only few members have noticed the value of BROWNS . If someone could do a study comparing the PE of those stocks with Browns u will be socked. Just take the figures of BFL.

Share Price EPS(9 months) EPS(Annualised) PE

BFL 410 23.60 31.40 13
Browns 273 35.60 47.46 5.75

(some figures are rounded)
I think nobody has noticed the value of Browns. In my view it will go up very soon once the foreign investors start buying.




BRWN continue to produce better financials in successive quarterly reports, there is no doubt about their potential.
Diversified sector as well as Banking and Finance sector continue to produce steady improvement in EPS results. Especially BRWN, DIST, CFLB, SAMP and COMB could produce quarter on quarter improvement in financials. Their fundamentals are extremely good and it is possible for the investors to confidently rely upon their future growth potential

Some of the shares which need to keep an eye in diversified groups, tourism sector, transport and ports related PLCs. Are

BRWN, CONN,DIST,LFIN,DOCK,

HAYL,JKH,RCL,SAMP,SMLL,SPEN,

COMB,AHUN,LCEY,RHTL, and CFLB.

These are some of the businesses which could continue to produce expanding financials in the coming quarters and in forth coming annual reports.


I personally think it is important to go by corporate financial performances. BRWN demonstrate a steady growth mainly based on financials all those so called rallies did not last long prices tend to came down after a peak. Those businesses like BRWN which came out with expected finals continue to show an upward movement. BRWN and CFLB continue to produce good results. I personally think about medium term investments rather than unsustainable rallies. BRWN is a steady well managed growing group of companies.


As it was discussed one by one break new grounds and display excellent financial reports. Remarkable growth in quarter on quarter results with brighter prospects for future expansion, CSE thrives on corporate results.
BRWN, CFLB , LCEY performing well. CONN has come out with excellent results. LFIN sparks many new developments. RCL and AHUN much better results. Keep an eye on JKH,SAMP, COMB and others.

20What will be the future of Browns? Empty Re: What will be the future of Browns? Sat Feb 19, 2011 10:41 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@hasi84 wrote:Did anyone notice that the big leap in BRWN profits was due to the decrease in minority interest. I suspect this is due to divesting 20% of its holdings in Free Lanka Capital holdings (FCHL)!
BRWN had invested in Maturata and Pussellawa plantations, HPFL through FCHL.
due to the reason explained above we cannot simply multiply the quarterly eps by 4 to calculate forward earnings.
As per the tax issue raised by MONO i suspect the effective tax rate is low due to profits from plantations and capital gains been tax free!

Thanks Hasi for the explanation ;-), wouls like to see u analyse this further Smile

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum