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TJL.N0000 (Textured Jersey Lanka PLC.)

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by CK on Mon Aug 01, 2016 5:36 pm

xmart wrote:if you are holding this below 30, it is good to hold with the dividend but why anyone should jump to TJL at 38 when there are plenty of undervalued growth shares in the market?
Yes I am also wondering.Question . What is the real secret??? Shocked
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by xmart on Mon Aug 01, 2016 5:46 pm

Institutional investors have their own plans. they often buy shares in big times not for trading. but as strategic expansion, to eliminate competitions. divert money in a way of investment in different markets to reduce risk of centralization. those 8 Mn TJL might be a peanut for their funds.

im not saying TJL is bad. it is a good stock. but i am asking why any of us should buy TJL at 38? we as small investors should not much fancy about institutional investments. they do have own agendas.
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by CK on Mon Aug 01, 2016 6:11 pm

xmart wrote:Institutional investors have their own plans. they often buy shares in big times not for trading. but as strategic expansion, to eliminate competitions. divert money in a way of investment in different markets to reduce risk of centralization. those 8 Mn TJL might be a peanut for their funds.

im not saying TJL is bad. it is a good stock. but i am asking why any of us should buy TJL at 38? we as small investors should not much fancy about institutional investments. they do have own agendas.
Agreed. Thanks..Anyway tjl is a very consistent performer. Isn't it? It is always trade in a premium price  and one of foreigners favorite..
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Future123 on Mon Aug 01, 2016 7:27 pm

Many of us thought that TJL is overvalued at many stages. At 25/=, 30/= many thought it's overvalued but it has been proven by the market many were wrong.

Now we think TJL at 38/= it's overvalued and should avoid this but I'm very sure when it reaches 50/= still many of us would feel it's overvalued.

TJL among a few share which stood steady and continued it's journey when the entire market was collapsing since January 2015.

CK wrote:
xmart wrote:Institutional investors have their own plans. they often buy shares in big times not for trading. but as strategic expansion, to eliminate competitions. divert money in a way of investment in different markets to reduce risk of centralization. those 8 Mn TJL might be a peanut for their funds.

im not saying TJL is bad. it is a good stock. but i am asking why any of us should buy TJL at 38? we as small investors should not much fancy about institutional investments. they do have own agendas.
Agreed. Thanks..Anyway tjl is a very consistent performer. Isn't it? It is always trade in a premium price  and one of foreigners favorite..

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by First Guy on Mon Aug 01, 2016 8:28 pm

Future123 wrote:Today up to 12.55 pm the collection is 8.1 million shares. Why do foreigners go crazy on TJL despite our experts warning against TJL. Difficult to understand.

For the past couple of months, TJL only has foreign inflows.

don't go guerilla on this one Very Happy

who are the 'experts' and who 'warned' against it?
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by bonbon on Mon Aug 01, 2016 10:29 pm

My cost is 29.20. TJL is my pension fund. Let's see how it grows.

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Yin-Yang on Tue Aug 02, 2016 12:49 am

කිත්සිරි ද සිල්වා wrote:Thanks.  Very Happy
(I am Sarong clad villager and glad to know now even foreigners following our all year trends during their hot months. New Fad will not be good for the industry). Embarassed
yellow knife wrote:( Do I always have to be serious ? Kith  ) Very Happy
TJL is into underwears.  May be foreigners don't wear underweasr in the month of June...

Well, it's rather the other way round in summer. They mostly wear that only.
They must have observed farmers in your area.

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Yin-Yang on Tue Aug 02, 2016 12:52 am

bonbon wrote:My cost is 29.20. TJL is my pension fund. Let's see how it grows.

Would you make a different decision if your cost was a different price?

+
+
+


If no, does your cost matter at all to you or me?
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Yin-Yang on Tue Aug 02, 2016 1:00 am

TJL raises nice questions not only in the industry but also in forums.

Future123 wrote:Many of us thought that TJL is overvalued at many stages. At 25/=, 30/= many thought it's overvalued but it has been proven by the market many were wrong.

Now we think TJL at 38/= it's overvalued and should avoid this but I'm very sure when it reaches 50/= still many of us would feel it's overvalued.
.....

What do you exactly mean by 'overvalued'?

Two months ago, if somebody said a new Toyota Prius was 7 million, would you call it 'overvalued'?
Would you call the same price 'overvalued' now?

+++++++++++

Do you think TJL is overvalued now?

If yes, what is the maximum price of 'undervalued'?
If no, what is the minimum price of 'overvalued'?

If the price appreciated at the same rate, in 10 years TJL would be priced at 1600/= a share. Would it be overvalued?
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Future123 on Tue Aug 02, 2016 10:00 am

I never said TJL is over valued. This is one of my all time favourites. Like you I'm also keeping it for long term.

This is flying and would reach 50/= even before we realize that it was moving.

Mark my words. Good luck.

Yin-Yang wrote:TJL raises nice questions not only in the industry but also in forums.

Future123 wrote:Many of us thought that TJL is overvalued at many stages. At 25/=, 30/= many thought it's overvalued but it has been proven by the market many were wrong.

Now we think TJL at 38/= it's overvalued and should avoid this but I'm very sure when it reaches 50/= still many of us would feel it's overvalued.
.....

What do you exactly mean by 'overvalued'?

Two months ago, if somebody said a new Toyota Prius was 7 million, would you call it 'overvalued'?
Would you call the same price 'overvalued' now?

+++++++++++

Do you think TJL is overvalued now?

If yes, what is the maximum price of 'undervalued'?
If no, what is the minimum price of 'overvalued'?

If the price appreciated at the same rate, in 10 years TJL would be priced at 1600/= a share. Would it be overvalued?

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by bonbon on Tue Aug 02, 2016 5:48 pm

When most of you were telling it was over valued I bought it at 29.20 . So I think I have a right to mention that.

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TEXTURED JERSEY LANKA - COMPANY NAME CHANGE

Post by Rana on Wed Sep 21, 2016 5:37 pm


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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Backstage on Thu Sep 22, 2016 10:37 pm


Textured Jersey executives meet investment funds in U.S.
Author LBO
September 19, 2016

Sept 19, 2016 (LBO) – Textured Jersey Lanka PLC executives Moiz Rehmanjee and Rodney Arland were in the U.S. last week to meet global investment funds, as part of a non-deal roadshow.

Rehmanjee is chief operating officer for commercial, and Arland is chief operating officer for marketing/business development. The two executives were hosted by institutional equities broker Decker & Co..

“Institutional investor interest in Asian emerging markets is especially focused on high-quality companies and the consumer sector,” said Mark Decker, founder and CEO of Decker & Co.

“Textured Jersey Lanka is a prime example of an under-researched company with quality operations and growth prospects. We are honored to host the firm for this non-deal roadshow.”

Meeting topics included the company’s future growth strategy. Textured Jersey Lanka’s recent acquisition of Ocean India (OCI), a cotton mill based in Visakhapatnam, and Quenby Lanka Prints (QPL), helped the firm expand both knitting manufacturing and fabric printing capabilities. The company’s growth strategy includes plans to increase its percentage of value-added products from 25-30% currently to 40% of output, offering higher margins.

Textured Jersey Lanka is Sri Lanka’s leading producer of value-added knitted fabric, specializing in high quality, weft-knitted and dyed stretch fabrics. The firm is a major supplier to apparel manufacturers throughout Asia and well-known end-chain retailers such as Marks & Spencer, Victoria’s Secret, and Intimissimo.

Textured Jersey Lanka’s history goes back nearly half a century, when its British roots gave it a solid grounding in the textile industry. The firm’s ownership changed hands in the year 2000 and the company entered a new era. Among its shareholders are two of the most successful companies in the industry, Brandix Lanka and Pacific Textiles. Pacific Textiles is a Hong Kong-based company with one of the largest manufacturing facilities in China.

Decker & Co. is a leading Emerging and Frontier Asia specialist broker in the U.S. Decker & Co. which partners with leading local brokers in each market to provide U.S. institutional investors access to the best local research and listed corporates. The firm’s principals have been among the leading experts in Asian markets since the 1990s. The firm’s clearing partner is Convergex Execution Solutions.
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Interim Financial for the quarter ended 31st December 2016

Post by Rana on Thu Jan 26, 2017 5:14 pm

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Teejay ends Q3 with a revenue growth of 33-pct despite challenges

Post by Rana on Thu Jan 26, 2017 5:22 pm

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Press Release: The Teejay Group which recently consolidated its operations in Sri Lanka and the region under the single brand ‘Teejay,’ announced a strong revenue growth of 33 percent over the nine months ended 31st December 2016.

The Group recorded a revenue of 16.4 Billion compared to the Rs. 12.3 Billion during the corresponding period last year and announced a 66 percent growth in dividends to shareholders.

Chairman of Teejay, Bill Lam said that this was achieved through continually operating at optimal capacity, with a full order booking during the period; and that the growth in top line was a result of additional orders being canvassed to cater to the future growth stage of the Company.

Even though there were higher sales, the Gross Profit growth was only 27% percent with Rs. 2.4 Billion compared to that of last year’s Rs. 1.9 Billion, he added.

The Chairman further said that a combination of factors had affected the Group’s gross profit, including the acceptance of extra lower margin orders in preparation for growth; price competition, early investments towards future expansion, the product mix, and the overall impact of steep short term price hikes in raw material.

The Group’s profit before tax (PBT) is reported as Rs 1.6 Billion compared to the Rs. 1.4 Billion last year, an increase of 16 percent. This result has been diligently supported by solid Cost management and control across the entire group.

Another impacting factor was taxation, as Teejay Lanka’s tax holiday ended in September 2016; while both Teejay India and Teejay Prints are subject to tax. The tax bill grew by 281 percent, going up to Rs. 150 Million from Rs. 39 Million the previous year.

Despite this situation the Group reported an absolute profit after tax (PAT) of Rs. 1.5 Billion compared to the Rs. 1.3 Billion last year; showing an increase of 9 percent during the same period.

“The Teejay Group continues to keep a sharp eye on its cash flow disciplines and has carried through a strong balance sheet from the previous quarter with a cash balance of LKR 4 Billion. The consolidated Earnings per Share for the Group recorded SL Rs. 2.10 on a year on year basis showing a growth of 3 percent, although there was a 34 percent drop in growth during the quarter under review, due to the challenges discussed above” says Lam.

The Chairman said “ The Group is embarking on its final lap of the second half, setting the foundation for its long-term growth plans. The business is watchful of future market challenges, with a close eye on price fluctuations in the market and increasing changes in the product mix. Despite these short-term impacts which have been somewhat overcome now, our aspirations remain ambitious and aggressive, as we continue to explore new ways of further extending our footprint.”

On a quarterly basis the Group reported a revenue growth of 6.3 Billion compared to the Rs. 5.6 Billion recorded last quarter, showing a growth of 14 percent. However, Gross profits dropped by 15 percent for the third quarter, to Rs. 832 Million.

Apart from the above, a temporary countrywide stock outage in coal was also a contributory factor, with energy costs rising due to the coal plant not being able to function at maximum capacity, during some of the period under review.

This resulted in a further deterioration of PBT for the quarter, recording a 20 percent drop in operating profits. Since the impact of GP could not be adequately mitigated by the tighter overhead controls in place, the Group reported a net profit of Rs. 473 Million compared to Rs. 672 Million, during the same quarter last year.

However, CEO of Teejay, Sriyan de Silva Wijeyeratne says that despite minor setbacks, Teejay will forge ahead with new plans for expansion and growth. “Our aggressive enhancement in Divided with this interim Rs. 1.00 per share payment, is a clear indication of our confidence in the future potential we possess. We aspire to develop a culture of Service in Manufacturing, by creating bonds that matter.

We are already investing further in automation and technology, and innovation is at our core. We are preparing to embrace the future dynamics and trends in the textile industry, especially with the new demand for synthetics and digital prints and we are poised and ready to benefit from those changes. Our Expansion plans are moving according to plan, and the Company will benefit from added capacity in the near future.”, he stated.

“The prospects of GSP Plus in the near future would further augment the Group’s progress, as all our added capacity in India and Sri Lanka will become eligible for this benefit,” he added.

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by කිත්සිරි ද සිල්වා on Thu Jan 26, 2017 5:55 pm

Let GSP+ comes and we will be smiling all the way to the bank more often. Very Happy
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by First Guy on Fri Jan 27, 2017 7:23 am

Profits for the quarter are much below same period last year. I can't believe that the power outage was the reason for such a drop. They have a net interest expense this time and also still under tax breaks.

P/E 12.7x, Dividend yield 4.8%
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Yin-Yang on Fri Jan 27, 2017 8:28 am

Something seems not right ??
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Dileepa on Fri Jan 27, 2017 11:41 am

It seems like golden days are over.
If power issue is a reason for this set back, it is not going to get better in the near future.
I don't think GPS+ will cause sharp price appreciation as current price have adjusted already.

Any way TJL is a great (and safe) share to hold at CSE.
But if somebody is thinking about buying now, it is better to wait and see how things unroll.

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Backstage on Thu Apr 27, 2017 10:56 am

Textured Jersey gearing for GSP +
Textured Jersey Lanka PLC (TJL) is gearing for capacity expansion in its Indian plants in anticipation of GSP + preferential scheme that’ll enhance their export demand, officials said.

Their firm, Ocean India now operates with a capacity of 18 tonnes per day (in India) and TJL expects to increase production to 36 tonnes per day by June 2017. “Anticipated investment on expansion is US$6 million and this expansion is to get ready for GSP+,” Sriyan De Silva Wijeratne, CEO TJL told the Business Times.

TJL increased the production capacity of their local plant by 2-3 tonnes per day and included synthetic fabric production. Increase in demand for synthetic clothing in brands such as Calvin Klein, Phillips-Van Heusen and Victoria’s Secret has been the main driver for the expansion. Low prices in crude oil, which is the key source of synthetic production, would enable the company to produce the fabrics cheaper, analysts say.

TJL has about 30 per cent of its exports headed to EU’s and should get a tangible saving on taxes.

TJL saw a revenue growth of 14 per cent year on year (YoY) to Rs. 6.3 billion in 3QFY17. Growth was supported by volume increase and rupee depreciation. During the quarter, revenue from knit fabric operation in Sri Lanka increased by 15 per cent YoY to Rs. 4.5 billion. (DEC)
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Ethical Trader on Thu Apr 27, 2017 2:03 pm

Thanks Back.
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by mymoney on Thu Apr 27, 2017 2:35 pm

TJL is now forming a nice chart pattern...

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Ethical Trader on Thu Apr 27, 2017 3:22 pm

Yeah, next up trend is beginning.
mymoney wrote:TJL is now forming a nice chart pattern...
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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by lanka on Thu Apr 27, 2017 9:03 pm

Thank you

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Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by sashimaal on Fri Apr 28, 2017 12:01 am

Make sure to remember that TJL made 30% less profit YOY last quarter

Traders - play the game

GL
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