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» අනං මනං! #/+?.<>
MGT.N0000 EmptyToday at 6:10 pm by ruwan326

» Easter Sunday Attack and Sri Lanka
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» My Port Folio Bleeding But Its just the Begining Of..
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» Thread for News on CSE and SL Economy
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» සදහම් අටුවාව
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» HNB.N0000 ( Hatton National Bank PLC)
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» Re: Financial reports Q1-2019
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» Sri Lanka mulls 25-pct ownership limit in finance companies
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» Searing Heat in China Is Causing Havoc for Rubber Makers
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» Dividend Announcement
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» Israeli spyware breached WhatsApp security
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» Is Burka prohibted ?
MGT.N0000 EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

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» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
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» NEST.N0000
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» What to Analyse
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» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
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» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
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» සුබ පාස්කූ මංගල්ලයක් වේවා !
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» In the Meantime, Within Our Shores !
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» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
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» Thread for News on Local and Foreign Politics
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» how to access internet ?
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» SERV - The Kingsbury
MGT.N0000 EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
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» DFCC.N0000 ( DFCC BANK PLC )
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» Happy Birthday
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» Little Known Facts !
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» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
MGT.N0000 EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
MGT.N0000 EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
MGT.N0000 EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
MGT.N0000 EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
MGT.N0000 EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
MGT.N0000 EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
MGT.N0000 EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
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» CONN.N0000
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» LION.N0000 (Lion Brewery Ceylon PLC)
MGT.N0000 EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
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» NTB.N0000 (NATIONS TRUST BANK PLC)
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» Micro Finance
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» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
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» PLC.N0000 ( People's Leasing and Fiance PLC)
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» Sinhala Cinema
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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MGT.N0000 Empty 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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MGT.N0000 Empty 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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MGT.N0000 Empty 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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MGT.N0000 Empty 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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MGT.N0000 Empty 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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MGT.N0000 Empty 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.

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MGT.N0000 Empty 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.

yellow knife
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MGT.N0000 Empty 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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MGT.N0000 Empty 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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MGT.N0000 Empty 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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MGT.N0000 Empty 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
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MGT.N0000 Empty 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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