DOCK.N0000 (COLOMBO DOCKYARD PLC)

[yellow knife]

2017 was not a profitable year for the Ship Builder of Sri Lanka..

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For many companies Revenue is often growing. Yet for DOCK Revenue has reached a plateau and the company is struggling to not to fall from the high plateau..

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[yellow knife]

Company could slightly  over come the negative trend in EPS though the figure still appears in negatives.


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[yellow knife]

Market Value is well below Net Assets Value.

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[nihal123]

Thanks YK

[yellow knife]

Companies with higher net profit margins often declare good dividends. Therefore DOCK is not for dividend hunters.

Hydro power companies are in a position to declare better dividends.

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[spw19721]

Thanks YK for the analysis ...


As I remember once SLS has mentioned that the major revenue comes from ship repairing.not building ships.So crude oil price play an important role for their profit.



Quoted from CEO - Mr.D.V Abesinghes speech "

" Abeysinghe said oil prices must recover up to at least between US $ 60 to US $ 80 for a viable offshore oil and gas exploration and extraction. Although the outlook for 2017 is challenging as the global marine sector recession is expected to continue up to 2018, Abeysinghe is hopeful of securing a few shipbuilding projects this year while also strategically diversifying into other types of ships going beyond offshore support vessels market."

[yellow knife]

Thanks YK for the analysis ...


As I remember once SLS has mentioned that the major revenue comes from ship repairing.not building ships.So crude oil price play an important role for their profit.



Quoted from CEO - Mr.D.V Abesinghes speech "

" Abeysinghe said oil prices must recover up to at least between US $ 60 to US $ 80 for a viable offshore oil and gas exploration and extraction. Although the outlook for 2017 is challenging as the global marine sector recession is expected to continue up to 2018, Abeysinghe is hopeful of securing a few shipbuilding projects this year while also strategically diversifying into other types of ships going beyond offshore support vessels market."

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Column1	2017	2016
Ship Repairs	5,943.00	4,560.00
Ship Buildings	6,038.00	5,374.00
Heavy Engineering	71.00	39.00

[spw19721]

seems like both contributes around 50:50..

[yellow knife]

Yes...

To be exact

Description	2017	2016
Ship Repairs	49.31	45.72
Ship Buildings	50.10	53.89
Heavy Engineering	0.59	0.39
	100.00	100.00

[pjrngroup]

Thanks YK.