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TJL.N0000 - Corporate Disclosure

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TJL.N0000 - Corporate Disclosure

Post by sashimaal on Tue May 26, 2015 4:52 pm

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Re: TJL.N0000 - Corporate Disclosure

Post by කිත්සිරි ද සිල්වා on Tue May 26, 2015 6:36 pm

Thanks Shasi.
Looks like it will add more repertoire and value with this acquisition.  
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Re: TJL.N0000 - Corporate Disclosure

Post by bonbon on Tue May 26, 2015 10:30 pm

but why dump then.It suddenly created a vaccum and came down.

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Re: TJL.N0000 - Corporate Disclosure

Post by Future123 on Mon Jun 29, 2015 7:30 pm

http://cse.lk/cmt/upload_cse_announcements/411435578926_.pdf

TJL has finalized the acquisition of Ocean India. The acquisition is going to be by way of partly cash settlement and a share swap to the owners of Ocean India.

From the disclosure, I understand that there will not be any share issue by way of private placement. Therefore, the issued capital will not change.

Please share your thoughts on this.

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Re: TJL.N0000 - Corporate Disclosure

Post by sashimaal on Mon Jun 29, 2015 7:38 pm

Acquiring Ocean Lanka is a great decision. This definitely would increase the medium-long term profitability of TJL.

Disc: Do not hold TJL currently
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Re: TJL.N0000 - Corporate Disclosure

Post by කිත්සිරි ද සිල්වා on Mon Jun 29, 2015 7:41 pm

As I said before as well, it will add more repertoire and value with this acquisition.  Very Happy
(Hold fair amount of this counter at present).
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Re: TJL.N0000 - Corporate Disclosure

Post by Future123 on Mon Jun 29, 2015 8:17 pm

Few points to note

1) From the disclosure I understand that there will not be any new share issue or increase in issued share capital. Is it correct?

2) Two major acquisitions taken place which will increase the profitability significantly
a) Purchase of Quenby Lanka Prints for US$ 3.5 million
b) Ocean India (Pvt) Ltd for US$ 15 million

3) We may not get a final dividend for 2014/15 as there were massive acquisitions. The upcoming quarters will be very impressive for TJL.

4) TJL did not go for rights issue or any other form of borrowings. This is a sign of a very well managed company. Borrowing up to a limit is fine as far is the gearing is under control.

For me this is a solid counter for the future irrespective of government change. A UNP government will bring back the GSP + which is a big plus factor. Further, the rupee depreciation would help TJL to make higher profits.

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Re: TJL.N0000 - Corporate Disclosure

Post by The Alchemist on Mon Jun 29, 2015 10:06 pm

Future123 wrote:Few points to note

1) From the disclosure I understand that there will not be any new share issue or increase in issued share capital. Is it correct?

No incorrect. Since the total consideration price is usd 15 mill and half will be paid by cash by TJL, balance of usd 7.5 million will be by TJL issuing approx 35 mill (new) shares @ notional price of Rs 28.50 and settling the shareholders of Ocean India.
so issued shares increase by approx 5 %.

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Re: TJL.N0000 - Corporate Disclosure

Post by Future123 on Tue Jun 30, 2015 12:04 am

Thanks Alchemist. Hope the seller of Ocean India does not create selling pressure for TJL when trying to dispose the shares in the market.

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Re: TJL.N0000 - Corporate Disclosure

Post by The Alchemist on Tue Jun 30, 2015 12:42 am

Future123 wrote:Thanks Alchemist. Hope the seller of Ocean India does not create selling pressure for TJL when trying to dispose the shares in the market.

Pacific, the largest shareholder of TJL also wants to sell 10 % or 70 mill shares of TJL.

points to ponder -

1. why does Ocean Lanka want to part with its "profitable" business to TJL ?

2. why did Ocean Lanka want 50 % cash from TJL and not 100 % equity, if it was bullish of TJL's future prospects ?

3. why does largest shareholder want to sell 10 % of its shares ?

4. when will GSP benefit materialize ? if at all ? or wait and see Geneva outcome in Sept'2015.

5. will the Rupee devalue ? not according to recent statements by Ravi, Arjuna Mahendra et al.

6. What is the track record of TJL promoters ? i.e. Kuruwita saga Wink

7. How is the competition doing i.e. Hayleys Knitting ?

Nevertheless, with all the hype and other favourites like AEL, TOKYO, LIOC slightly out of favour, TJL could be good for another quick 4-5 bucks !
but i dont think it will be another "American Pharoah".

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Re: TJL.N0000 - Corporate Disclosure

Post by guruji on Tue Jun 30, 2015 6:22 am

Pesiimistic view only,its not balanced analysis

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tjl tjl

Post by guruji on Fri Jul 03, 2015 4:01 pm

Wts happening,what crossin

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Re: TJL.N0000 - Corporate Disclosure

Post by wagonr on Fri Jul 03, 2015 10:07 pm

TJL is a good investment in the current price
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Re: TJL.N0000 - Corporate Disclosure

Post by Admin on Fri Jul 03, 2015 11:30 pm

Kindly use appropriate titles

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http://forum.lankaninvestor.com

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Re: TJL.N0000 - Corporate Disclosure

Post by guruji on Sat Jul 04, 2015 3:46 am

Ok sory for title

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Re: TJL.N0000 - Corporate Disclosure

Post by Leon on Sat Jul 04, 2015 5:57 pm

How about GSP +? Any idea?
That kind of a move will take tjl & mgt to new highs. Waiting for such a news.
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Re: TJL.N0000 - Corporate Disclosure

Post by nis2008 on Sat Jul 04, 2015 7:51 pm

Leon wrote:How about GSP +?  Any idea?
That kind of a move will take tjl & mgt to new highs. Waiting for such a news.
i think TJL price depend on September UN war crime report.
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