The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Dividend Announcement
Today at 2:21 am by Rana

» East West ගනුදෙනුවෙන් කොටස් පිරිවැටුම බිලියනය පනී
Yesterday at 9:26 pm by nihal123

» How to identify a stock market bottom
Yesterday at 5:15 pm by Ethical Trader

» ලොව බලවත්ම ගැහැනිය වූ සායම් බාස්‌ගේ දුව
Yesterday at 4:03 pm by Ethical Trader

» පිටිදූවේ සිරිධම්ම හිමි ඇත්ත කතා කරයි.
Yesterday at 12:53 pm by sashimaal

» CIC රුපියල් මිලියන 238 කට කෘෂි රසායනික සමාගමක් මිල දී ගනී
Mon Oct 16, 2017 6:49 pm by nihal123

» ධම්මික පෙරමුණට එයි
Mon Oct 16, 2017 3:23 pm by Ethical Trader

» Govt. mulls removing barriers to allow Lankan firms hire foreign labour
Sun Oct 15, 2017 10:30 am by කිත්සිරි ද සිල්වා

» එන්ට්‍රස්ට් මුදල් ගිලපු හැටි ගිණුම් වාර්තා හෙළි කරයි
Sat Oct 14, 2017 5:50 pm by nihal123

» Laughter the Best Medicine
Sat Oct 14, 2017 4:43 pm by Ethical Trader

» Panama Papers: Huge leak reveals elite's tax havens/ධනවතුන්, බලවතුන් ධනය හැංගූ හැටි හෙළිවෙයි .ලංකාවත් පැනමා පේපර්ස් ලැයිස්තුවේ
Fri Oct 13, 2017 4:49 pm by yellow knife

» කොටස් මිල ඉහළ යාම ගැන CSE විමසයි. HVA කරුණු පහදයි
Fri Oct 13, 2017 11:30 am by Ethical Trader

» තායිවාන් ගිණුම් හැක්‌ කර කෝටි 35කට විදලා! - හිටපු හමුදා පුත්‍රයා රිමාන්ඩ්
Wed Oct 11, 2017 10:32 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Tue Oct 10, 2017 9:56 pm by First Guy

» The Myth of Average !
Mon Oct 09, 2017 1:13 pm by Expert

» SPEN.N0000
Mon Oct 09, 2017 12:36 pm by nihal123

» Plantation sector updates
Sat Oct 07, 2017 6:41 pm by Senarath67

» Plantation Sector - Yesterday, Today and Tomorrow
Sat Oct 07, 2017 12:19 pm by CK

» කොටස්-වෙළෙඳ-පොළට-සූදු-කෙළින්නන්-ඇවිත්?
Wed Oct 04, 2017 6:49 pm by CK

» GSP+ ලැබීමෙන් පසු ඇඟලුම් අපනයන ආදායම ඉහළ ගියේ මෙහෙමයි
Tue Oct 03, 2017 3:17 pm by Rana

» TJL.N0000 (Textured Jersey Lanka PLC.)
Tue Oct 03, 2017 1:41 pm by CK

» ගෝලීය තරඟකාරීත්ව දර්ශකයේ 85 වැනි ස්ථානය දක්වා ශ්‍රී ලංකාව පහළට
Mon Oct 02, 2017 3:37 pm by Ethical Trader

» කාගිල්ස්, මිලියන 4,200 කට ඩෝසන් කාර්යාල සංකීර්ණය විකුණයි
Mon Oct 02, 2017 11:19 am by nihal123

» SAMP.N0000 (SAMPATH BANK PLC)
Mon Oct 02, 2017 10:40 am by Ethical Trader

» In the Meantime, Within Our Shores !
Sat Sep 30, 2017 9:04 pm by කිත්සිරි ද සිල්වා

» සනත් අයියා ගහන ගැහිලි !
Fri Sep 29, 2017 6:55 pm by Ethical Trader

» 'මොනා ලීසා' නිරුවත් උඩු කයින්
Fri Sep 29, 2017 6:42 pm by Ethical Trader

» CB Governor offers key insights
Fri Sep 29, 2017 10:57 am by කිත්සිරි ද සිල්වා

» The Govt. Doesn’t wish to pay off debts at once’
Thu Sep 28, 2017 10:08 pm by Backstage

» රවීගේ ‘මහ බැංකු හොරු‘ කතාවට අධිපති ප්‍රතිචාර දක්වයි
Thu Sep 28, 2017 5:17 pm by Ethical Trader

» Sri Lanka Hambantota Port JV to be operational from November
Thu Sep 28, 2017 5:14 pm by Ethical Trader

» Obituary Notice.
Thu Sep 28, 2017 3:05 pm by කිත්සිරි ද සිල්වා

» නේෂන් ලංකා තැරැව්කරුට සියලු ගනුදෙනු තහනම්
Wed Sep 27, 2017 8:04 pm by nihal123

» තායිලන්තයේ හිටපු අගමැතිනියට සිර දඬුවම්
Wed Sep 27, 2017 6:02 pm by Ethical Trader

» විද්‍යා ඝාතනය: වරදකරුවන් හත් දෙනෙකුට මරණ දඬුවම
Wed Sep 27, 2017 5:59 pm by Ethical Trader

» Flying is the Safest mode of Transport
Wed Sep 27, 2017 5:33 pm by කිත්සිරි ද සිල්වා

» Oil,gold, silver Prices
Wed Sep 27, 2017 2:08 pm by කිත්සිරි ද සිල්වා

» JKH.N0000
Wed Sep 27, 2017 11:37 am by LSE

» Piece Price
Tue Sep 26, 2017 7:15 pm by pee ratio

» ලිට්රෝ ගෑස් මිල ඉහළට
Mon Sep 25, 2017 11:00 pm by nihal123

» යුනිටි ප්ලාසා හිමිකමෙන් 23% ක් රේණුකා යටතට
Mon Sep 25, 2017 7:39 pm by nihal123

» Plastic-degrading fungus found in Pakistan rubbish dump
Sun Sep 24, 2017 8:54 pm by කිත්සිරි ද සිල්වා

» CSE HOLIDAY LIST 2018
Fri Sep 22, 2017 5:20 pm by Rana

» ට්‍රම්ප් "මොළය අවුල් වූ මැරයෙක්" - කිම් ජොන්ග් අන්
Fri Sep 22, 2017 2:37 pm by Ethical Trader

» No one must die of cancer
Thu Sep 21, 2017 11:14 pm by කිත්සිරි ද සිල්වා

» ට්‍රම්ප්ගේ දේශනය "සුනඛයෙකුගේ බිරීමක්"
Thu Sep 21, 2017 6:05 pm by Ethical Trader

» ලංකා බැංකුව, මහජන බැංකුව සහ ශ්‍රී ලංකා ඉන්ෂුවරන්ස් කොටස් වෙළෙඳපොළට
Thu Sep 21, 2017 6:01 pm by Ethical Trader

» ලංකා සිමෙන්ති කොටස් ගනුදෙනුවල අසාමාන්‍ය හැසිරීමක් – සභාපති කරුණු පහදයි
Wed Sep 20, 2017 8:06 pm by nihal123

» උතුරු කොරියාව විනාශ කරනවා - ජනාධිපති ඩොනල්ඩ් ට්‍රම්ප්
Wed Sep 20, 2017 12:33 pm by Ethical Trader

» Nanodegrees
Tue Sep 19, 2017 11:40 pm by Backstage

October 2017
SunMonTueWedThuFriSat
1234567
891011121314
15161718192021
22232425262728
293031    

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Plantations - snapshot

View previous topic View next topic Go down

Plantations - snapshot

Post by First Guy on Sun Jun 28, 2015 12:54 pm


[You must be registered and logged in to see this image.]

[You must be registered and logged in to see this image.]

Most talked about in this forum are TPL and WATA. One I was interested in is KGAL.

Seems there's one similar to TPL. I can remember someone talked about this some time back.
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

Re: Plantations - snapshot

Post by pathfinder on Sun Jun 28, 2015 7:07 pm

Thanks friend one like from me.
avatar
pathfinder
Top contributor
Top contributor

Posts : 1329
Join date : 2014-02-23
Age : 36

Back to top Go down

Re: Plantations - snapshot

Post by yellow knife on Sun Jun 28, 2015 9:27 pm

thanx FG

yellow knife
Top contributor
Top contributor

Posts : 5565
Join date : 2014-03-27

Back to top Go down

Re: Plantations - snapshot

Post by First Guy on Sun Jun 28, 2015 9:45 pm

But is there something wrong in how these are trading? If you draw the trendline, it won't be how it's supposed to be. But then again we are comparing only ROE and P/E.
Book value may not be that important here but since earnings may include fair value changes, cashflow might be a useful pointer. Unfortunately I don't have those values readily available.
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

Re: Plantations - snapshot

Post by yellow knife on Sun Jun 28, 2015 9:58 pm

Real problem is predicting future based on past performance

yellow knife
Top contributor
Top contributor

Posts : 5565
Join date : 2014-03-27

Back to top Go down

Re: Plantations - snapshot

Post by Jana1 on Mon Jun 29, 2015 6:28 am

Thanks FG

Jana1
Top contributor
Top contributor

Posts : 616
Join date : 2014-02-23

Back to top Go down

Re: Plantations - snapshot

Post by First Guy on Mon Jun 29, 2015 8:04 am

yellow knife wrote:Real problem is predicting future based on past performance

True. Long time back I held HOPL. Now only KGAL (small quantity) as I view KGAL differently from others which can 'survive' and make a decent profit regardless of the situation due to their investments.
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

Re: Plantations - snapshot

Post by HUNTER on Mon Jun 29, 2015 3:03 pm

First Guy wrote:But is there something wrong in how these are trading? If you draw the trendline, it won't be how it's supposed to be. But then again we are comparing only ROE and P/E.
.....
.

Good presentation FG +

Wonder if we have a way of showing more than 3~4 parameters in the same graph.
I can vaguely imagine a 3 dimensional graph for 3 parameters but beyond that, is inconceivable.

Anybody has any experience with 'multi dimensional' graphs?
avatar
HUNTER
Top contributor
Top contributor

Posts : 1647
Join date : 2014-07-14

Back to top Go down

Re: Plantations - snapshot

Post by dhanurrox on Mon Jun 29, 2015 4:28 pm

HUNTER wrote:
First Guy wrote:But is there something wrong in how these are trading? If you draw the trendline, it won't be how it's supposed to be. But then again we are comparing only ROE and P/E.
.....
.

Good presentation FG +

Wonder if we have a way of showing more than 3~4 parameters in the same graph.
I can vaguely imagine a 3 dimensional graph for 3 parameters but beyond that, is inconceivable.

Anybody has any experience with 'multi dimensional' graphs?
giving weights and getting a figure is the answer.graphing possible but hard to understand.

dhanurrox

Posts : 408
Join date : 2014-03-27

Back to top Go down

Re: Plantations - snapshot

Post by yellow knife on Mon Jun 29, 2015 5:33 pm

Kegalle is too much into Rubber where the rubber price will remain lower as long as petrol price remain lower in the world market..

When comparing PE and EPS I dont think Kegalle Plantations PLC as attractive at current level..


2015201420132012201120102009200820072006
EPS5.0813.8418.9330.7935.3315.047.117.112.457.66
PE ratio16.897.595.923.345.873.122.683.513.375.22

[You must be registered and logged in to see this image.]

yellow knife
Top contributor
Top contributor

Posts : 5565
Join date : 2014-03-27

Back to top Go down

Re: Plantations - snapshot

Post by First Guy on Mon Jun 29, 2015 10:22 pm

When compared with other plantations KGAL has the lowest amount of biological assets as more than half their assets are in financial investments. So I won't look at it as a pure plantation company. only 50% of total equity is in biological assets, next lowest is WATA with 78% while all the others are 100% and above. The investments may be giving it some cushioning during these 'hard-times' but may not allow the company to maximize profits when the 'good-times' come. Also KGAL might be using the returns from (net) investments for operations, but I like to separate this from the core business. As far as cashflows go, I find TPL the most attractive (based on last 12 months), followed by HOPL, ELPL and BOPL.
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

Re: Plantations - snapshot

Post by First Guy on Mon Jun 29, 2015 10:33 pm

yellow knife wrote:Kegalle is too much into Rubber where the rubber price will remain lower as long as petrol price remain lower in the world market..

When comparing PE and EPS I dont think Kegalle Plantations PLC as attractive at current level..


2015201420132012201120102009200820072006
EPS5.0813.8418.9330.7935.3315.047.117.112.457.66
PE ratio16.897.595.923.345.873.122.683.513.375.22


KGAL reported EPS of 9.16/- and not 5.08/-

But needless to say almost everything from investments
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

Re: Plantations - snapshot

Post by yellow knife on Tue Jun 30, 2015 7:29 am

well I took company EPS where as you have considered Group EPS..

I agree with you on biological asset matter..

The positive qualitative factor of Kegalle is its managed by Dr Sena Yaddehige and team.. Even when the rubber price dropped to bottom they manage to make profit and declare dividends..

yellow knife
Top contributor
Top contributor

Posts : 5565
Join date : 2014-03-27

Back to top Go down

Re: Plantations - snapshot

Post by HUNTER on Tue Jun 30, 2015 8:53 am

IMO, As far as the share valuation is concerned, we need to consider (assigned to shareholder-) group figures (Not company).

Any other views?
avatar
HUNTER
Top contributor
Top contributor

Posts : 1647
Join date : 2014-07-14

Back to top Go down

Re: Plantations - snapshot

Post by First Guy on Wed Jul 01, 2015 11:06 am

HUNTER wrote:
First Guy wrote:But is there something wrong in how these are trading? If you draw the trendline, it won't be how it's supposed to be. But then again we are comparing only ROE and P/E.
.....
.

Good presentation FG +

Wonder if we have a way of showing more than 3~4 parameters in the same graph.
I can vaguely imagine a 3 dimensional graph for 3 parameters but beyond that, is inconceivable.

Anybody has any experience with 'multi dimensional' graphs?

It would get a bit confusing in addition to being difficult to generate.
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

Re: Plantations - snapshot

Post by chutiputha on Thu Jul 09, 2015 2:00 pm

Overall Plantation Sector..

[You must be registered and logged in to see this image.]

6 Month Period

[You must be registered and logged in to see this image.]
avatar
chutiputha
Top contributor
Top contributor

Posts : 1822
Join date : 2014-11-09
Age : 31
Location : Minneriya

Back to top Go down

Re: Plantations - snapshot

Post by First Guy on Fri Jul 10, 2015 10:25 pm

First Guy wrote:When compared with other plantations KGAL has the lowest amount of biological assets as more than half their assets are in financial investments. So I won't look at it as a pure plantation company. only 50% of total equity is in biological assets, next lowest is WATA with 78% while all the others are 100% and above. The investments may be giving it some cushioning during these 'hard-times' but may not allow the company to maximize profits when the 'good-times' come. Also KGAL might be using the returns from (net) investments for operations, but I like to separate this from the core business. As far as cashflows go, I find TPL the most attractive (based on last 12 months), followed by HOPL, ELPL and BOPL.

My above positive view on KGAL was based on the amount of financial assets that they have. We should have known the end game of RPC plantation management's end game better.

Now that some good chunk of cash out, we need to analyze it further. But the money would not have been generating adequate returns thus returned to shareholders (parent)

Again, we are assuming that the announcement is correct. Bummer, if not.
avatar
First Guy

Posts : 2527
Join date : 2014-02-22

Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum