TJL.N0000 (Tee Jey Lanka PLC.)

[yellow knifeTop contributor]

Many companies recorded highest price in 2011 and dipped almost 50% by 2012 mid . TJL is a company where 2011 price got doubled by 2016 after dipping in mid .

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[yellow knifeTop contributor]

EPS trend shows a mismatch only in 2012

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[yellow knifeTop contributor]

Net Asset Value is shown below

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[yellow knifeTop contributor]

Company maintain high dividend pay out rato

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[yellow knifeTop contributor]

Sri Lankan apparel industry grew by 9.8% during 2015. Demand from grew by 8.8% and 10.9% respectively.

US and EU accounted for 89% of total apparel export from Sri Lanka during 2014/15.

TJL's multi fuel boiler will be in fully operation in 2015/16 and will help to reduce cost.

Globlal cotton price came down during the year 2014/15 due to over supply and TJL is following price hedging for cotton.
But fabric dye price went up by 20% and made it push up the production cost.

Electricity and furnace oil reduction was supportive to the company but still energy cost of Sri Lanka is highest in South Asia.

[yellow knifeTop contributor]

Pacific Holdings web information on Textured Jersey has not changed for three years.

"

Avissawella, Sri Lanka

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To further diversify its geographical reach, we strategically expanded the operation to Sri Lanka in 2004. The facility, operating on a round-the-clock basis, adds over ten million pounds to the Company’s annual production volume, predominantly focused on knitting and dyeing exclusively. We obtain water from facilities operated by the Board of Investment of Sri Lanka (BOI). Waste water produced from the manufacturing process undergoes chemical treatment at its wastewater treatment plant prior to being transferred back to the BOI facilities for additional treatment and subsequent discharge into waterways. The BOI regulates the amount of water available to us. Limits on the amount of water available to us have been a principal constraint on the ability to increase production at the Sri Lanka facility. In August 2006, we were able to obtain from the BOI an increase of approximately 75% in its daily water quota.

[yellow knifeTop contributor]

TJL buyers are world leading brands

Calzedonia Group
Marks and Spencer
Victoria's Secret
LIDL
Calvin Klein

[කිත්සිරි ද සිල්වාTop contributor]

Good analytical post as always and thanks.  
(Holding a considerable amount in my Pf and watching eagerly).

[nis2008]

TJL buyers are world leading brands

Calzedonia Group
Marks and Spencer
Victoria's Secret
LIDL
Calvin Klein

also decathlon

[nihal123Top contributor]

Thanks YK

[Future123Active Member]

TJL held very strong in this bear market. Didn't lose at all.

Today rupee selling price is Rs. 139.60. Rupee has depreciated from 132 levels to almost 140 levels within 7 months. This will benefit TJL immensely. We can see much improved results for the September quarter due to rupee depreciation and acquisition of 2 new garment factories by TJL.

TJL will be a super stock with attractive dividends in the following quarters. Further, rupee is fastly depreciating and might go down to 142 - 145 level before end of Sept. TJL will benefit a lot due to this. There is a lot of foreign interest on TJL. Foreigners lost interest on JKH and looking to buy attractive stocks like TJL.

Further, present government will never attack the garment industry as 2 of their biggest politicians are biggest garment owners in SL. Daya and Malik.

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please do your own research before a buy decision.

[slstockVeteran]

Think you maybe over optimistic a little bit. What happens when they add the extra shares ?

TJL held very strong in this bear market. Didn't lose at all.

Today rupee selling price is Rs. 139.60. Rupee has depreciated from 132 levels to almost 140 levels within 7 months. This is benefit TJL immensely. We can see much improved results for the September quarter due to rupee depreciation and acquisition of 2 new garment factories by TJL.

TJL will be a super stock with attractive dividends in the following quarters. Further, rupee is fastly depreciating and might go down to 142 - 145 level before end of Sept. TJL will benefit a lot due to this.

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please do your own research before a buy decision.

[Future123Active Member]

Think you maybe over optimistic a little bit. What happens when they add the extra shares ?

TJL held very strong in this bear market. Didn't lose at all.

Today rupee selling price is Rs. 139.60. Rupee has depreciated from 132 levels to almost 140 levels within 7 months. This is benefit TJL immensely. We can see much improved results for the September quarter due to rupee depreciation and acquisition of 2 new garment factories by TJL.

TJL will be a super stock with attractive dividends in the following quarters. Further, rupee is fastly depreciating and might go down to 142 - 145 level before end of Sept. TJL will benefit a lot due to this.

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please do your own research before a buy decision.

SLS, The additional shares amounts to nearly 5% and this will be off set by the profits from two new acquisitions and depreciating rupee. TJL has one of the best management in the country with a zero debt balance sheet. I think I'm right. Any way I'm already at a good profit and want to hold stable shares for good dividend yields.

[First Guy]

Future, did you take a look at this?
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Price is a bit outdated but much hasn't changed.

You're right about the debt and like we talked about in the ROE thread it could give TJL better returns when they take on some debt.

But personally, without the new acquisitions, TJL is not attractive to me. I have not studied the impact of the latest developments.

[Future123Active Member]

Thanks FG. ROE is attractive and higher PBV can be justified due to higher dividends and foreign interest,
Like CCS, NEST and LION.

Eagerly waiting to see how the new acquisitions really benefited TJL. Sometimes this might take a few quarters to have better synergies.

[Ethical TraderTop contributor]

Thanks YK. Good analysis.

[HUNTERTop contributor]

Good Post-slices again YK.

Unfortunately, TJL vanished from my watch list when moved above 30/-. Hope it will come back to the list soon.

හරියට නිකං (අංජනම් බලද්දී) හනුමා කළු අඳුනෙන් අන්තරස්ධාන වුනා වගේ.

[sereneTop contributor]

Good Post-slices again YK.

Unfortunately, TJL vanished from my watch list when moved above 30/-. Hope it will come back to the list soon.

හරියට නිකං (අංජනම් බලද්දී) හනුමා කළු අඳුනෙන් අන්තරස්ධාන වුනා වගේ.

[kassTop contributor]

thanks YK

[nis2008]

Can we expect dividend announcement from TJL

[කිත්සිරි ද සිල්වාTop contributor]

Basing on past, something should be around the corner (Jan / Feb).  
(But you never know. Look at RICH. Expected from Nov but still no sign).

Can we expect dividend announcement from TJL

[nis2008]

if you check the dividend announcement pattern, TJL continue more than 4 years same time range. but Rich didn't. I feel you also wait for the TJL announcement

Basing on past, something should be around the corner (Jan / Feb).  
(But you never know. Look at RICH. Expected from Nov but still no sign).

Can we expect dividend announcement from TJL

[කිත්සිරි ද සිල්වාTop contributor]

Thanks.  

(So we are in to happy zone again. Banks due in Feb usually).

if you check the dividend announcement pattern, TJL continue more than 4 years same time range. but Rich didn't. I feel you also wait for the TJL announcement  

Basing on past, something should be around the corner (Jan / Feb).  
(But you never know. Look at RICH. Expected from Nov but still no sign).

Can we expect dividend announcement from TJL

[bonbon]

there is a rumor of a dividend around 1 rupee.

[smallvilleTop contributor]

there is a rumor of a dividend around 1 rupee.

Usually their recent dividends had been Rs. 1.30/- per annum.

U can expect the announcement from 27-29 Jan