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» JEWS OF SRI LANKA: AN UNTOLD STORY
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» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Thu Feb 07, 2019 2:24 pm by Ethical Trader

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Wed Feb 06, 2019 2:18 pm by ruwan326

» AMF.N0000
Thu Jan 31, 2019 6:56 am by serene

» IOC Sri Lanka unit December quarter loss widens to Rs987mn
Mon Jan 28, 2019 11:02 am by ruwan326

» මූර්ත පොළියෙන් ශ්‍රී ලංකාව අංක 1ට – බ්ලූම්බර්ග් අනාවරණය කරයි
Mon Jan 21, 2019 7:18 pm by nihal123

» Obituary Notice.
Mon Jan 21, 2019 7:14 am by කිත්සිරි ද සිල්වා

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» LDEV - Lankem Developments
Fri Jan 18, 2019 2:11 pm by ruwan326

» විශිෂ්ඨ සිල්ලර වෙළෙන්දෙකුගේ ජීවිත කතාව
Thu Jan 17, 2019 12:15 pm by Ethical Trader

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MGT.N0000

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MGT.N0000

Post by ruwan326 on Wed Feb 13, 2019 7:29 pm

Financial Performance- Period ended 31 December 2018

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ruwan326
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Re: MGT.N0000

Post by Hawk Eye on Tue Feb 26, 2019 2:11 pm

…Although the results, at a glance, do not reflect a good year, mainly due to market conditions and other external cost increases, the Company has made extensive progress to regain profitability and unit cost reductions which was seen in the 4th quarter of 2017/18..(CEO Statement-Annual Report 2017/18)

Further the CEO goes on elaborating ..”The strategies adopted by the Company for long term sustainability in having a broad based geographical market such as USA, UK & Europe, be selective with its customer base and to lead in innovation continued during the year under review…”

Somewhere in the report CEO states that all these efforts starts to materialise in the 4th Quarter 2017/18, where things started to turn to profit from there onwards.

The Revenue in USD is clearly increasing Q2Q and Same quarters previous year at a progressive rate. The Annual Report says that the Capacity Utilisation is 78% for 2017/18 same as last year. Therefore this is clearly through the materialisation of Forecast of high end market orders as stated by CEO .

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Though the Annual Report discusses about cost reduction I didn’t see the GP margin increasing but decreasing. This is due to the sharp increases in Yarn Prices and USD appreciation.

But the most Notable area is it started to Turnaround from Losses to Profit, and profits now started to increase at a considerable rate Q2Q. The reduction in Finance cost Q2Q is a clear sign that the Company cashflow is improving, and soon MGT will bring this to the lowest possible level. Cash Balance have increased Q2Q.

Cash balance increased from 227Mn in Dec 2017 which increased to 1.2Bn in same December 2018.

EPS increasing on a progressive rate mainly in 2019

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Finally lets look at the Shareholding structure for last 3 Quarters. And you will know whos selling and why the price went low . Soon someone will grab the opportunity

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Soon the March results will capture the Investors eyes

HE
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Re: MGT.N0000

Post by ruwan326 on Tue Feb 26, 2019 7:13 pm

Thank you Hawk Eye, Great job study
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Re: MGT.N0000

Post by CK on Tue Feb 26, 2019 7:57 pm

Identifing early is the most important thing ..thanks HE. ( I remember Hariesha identified insurance sector early, although now he is being attacking very unfair way.. sorry I had to tell this when all the seniors remains silent except x)
CK
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Re: MGT.N0000

Post by dhanurrox on Wed Feb 27, 2019 5:56 am

CK wrote:Identifing early is the most important thing ..thanks HE. ( I remember Hariesha identified insurance sector early, although now he is being attacking very unfair way.. sorry I had to tell this when all the seniors remains silent except x)
Noted.Insurence sector post was really good compared with some " weather report" type posts

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Re: MGT.N0000

Post by Admin on Wed Feb 27, 2019 8:44 am

As the administrator, I am not allowed or should not take active part in discussions but I noticed something about one of the facts.

Whether it is intentional or not, I leave it to the moderators and members to decide or the member him/herself to correct.

Admin
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Re: MGT.N0000

Post by yellow knife on Fri Mar 01, 2019 9:40 am

Dear Admin

Since you are pointing out a FACT please do it. There can be instances where we may miss seeing one thing which others see.

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Re: MGT.N0000

Post by ruwan326 on Fri Mar 01, 2019 7:12 pm

To ADMIN & All the other members ........

Since I start this post I like to know the issue, This was taken from [You must be registered and logged in to see this link.] directly.

So rather than backbiting in the back would be nice to point out here openly as a man......

Before I post any more waiting for clarification..........
ruwan326
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Re: MGT.N0000

Post by Admin on Fri Mar 01, 2019 8:50 pm

ruwan326,

Sorry for confusion. What I pointed was not on your post. But one by member Hawk Eye.

On cash, MGT does not have 1.2BN Rs. cash as stated (WRONG FACT). What it has is 3BN loans and borrowings.




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Re: MGT.N0000

Post by Ethical Trader on Fri Mar 01, 2019 9:09 pm

Ruwan, Admin has clarified & its up to the Mods to take action.
ruwan326 wrote:To ADMIN & All the other members ........

Since I start this post I like to know the issue, This was taken from [You must be registered and logged in to see this link.] directly.

So rather than backbiting in the back would be nice to point out here openly as a man......

Before I post any more waiting for clarification..........
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Re: MGT.N0000

Post by ruwan326 on Fri Mar 01, 2019 9:19 pm

Admin wrote:ruwan326,

Sorry for confusion. What I pointed was not on your post. But one by member Hawk Eye.

On cash, MGT does not have 1.2BN Rs. cash as stated (WRONG FACT). What it has is 3BN loans and borrowings.




No problem.... Well as ADMIN when ever you find something wrong/doubtful/ or any other matter related to misguide members point it out. It might be a mistake or else the person put the post can verify or admit the mistake.Same goes for Moderators and all the other members.

I still find all the members active here are friendly and genuine.... So lets keep the forum safe and clean and work as a family under IS Wink

Hope next week ASI will rise and all the grumpiness will vanish......... Very Happy Very Happy Very Happy
ruwan326
ruwan326

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Age : 40

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Re: MGT.N0000

Post by Hawk Eye on Sun Mar 03, 2019 2:48 pm

I just logged in and found that Admins post was pointing a mistake of mine. could have pointed it out directly Very Happy Very Happy ..could have corrected that time.

let the moderators take action.Any action is accepted Cool

Members..Sorry guys...I made mistake in Taking the USD figures as Rupee, so took it in"000"

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Good Luck
HE
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