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

Display results as :
 


Rechercher Advanced Search

Latest topics
» CSE Media Release: Constituent Changes to the S&P Sri Lanka 20 Index
Today at 3:40 pm by Rana

» Booze Calculator
Today at 3:31 pm by කිත්සිරි ද සිල්වා

» Things we are not aware of-Sri Lanka politics.
Today at 1:59 pm by කිත්සිරි ද සිල්වා

» S&P upgrades DFCC Bank’s rating outlook from Negative to Stable
Today at 12:13 pm by CK

» PB. N0000 (People's Bank)
Today at 10:54 am by yellow knife

» Plantations - Analysis by Saliya
Yesterday at 11:31 am by lanka

» ඇලබාමා මැතිවරණයෙන් ඩොනල්ඩ් ට්‍රම්ප්ට පරාජයක්
Wed Dec 13, 2017 5:17 pm by Ethical Trader

» දිවියෙන් සමුගැනීම සමරන්න සාදයක්!
Wed Dec 13, 2017 5:12 pm by Ethical Trader

» පැසිෆික් 'ළදරු දූපත' අඟහරු හඳුනාගැනීමට මගක්
Tue Dec 12, 2017 8:12 pm by CK

» Best combination in Sinhala music: Prem+Victor
Tue Dec 12, 2017 3:49 pm by CK

» JKH trades in a tight channal
Tue Dec 12, 2017 12:09 pm by lanka

» Sri Lanka to push ahead with shipping liberalization
Tue Dec 12, 2017 10:13 am by Ethical Trader

» Investment in listed companies.
Tue Dec 12, 2017 8:45 am by Ethical Trader

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sun Dec 10, 2017 6:59 pm by කිත්සිරි ද සිල්වා

» Trading
Sat Dec 09, 2017 7:42 pm by The Alchemist

» In the Meantime, Within Our Shores !
Sat Dec 09, 2017 5:39 pm by Ethical Trader

» ඩොලර් මිලියන 251.4 ක IMF තෙවන ණය වාරිකය අනුමතයි
Fri Dec 08, 2017 5:13 pm by Ethical Trader

» IMF approves US$ 251.4 mn to Lanka
Fri Dec 08, 2017 5:11 pm by Ethical Trader

» Strong uptick in exports, FDI
Fri Dec 08, 2017 12:09 pm by Ethical Trader

» Sri Lanka needs more taxes to cover SOE losses,
Fri Dec 08, 2017 12:04 pm by Ethical Trader

» ජෙරුසලමේ තත්ත්වය : ට්‍රම්ප් පියවරට එරෙහිව පලස්තීනුවෝ වීථි බසිති
Fri Dec 08, 2017 11:56 am by Ethical Trader

» Far reaching new Securities Exchange Bill gazetted
Thu Dec 07, 2017 5:39 pm by Ethical Trader

» Is he an Aladdin with a magic lamp
Thu Dec 07, 2017 5:37 pm by Ethical Trader

» CMEC to build 400 MW natural gas power plant in Sri Lanka
Thu Dec 07, 2017 5:35 pm by Ethical Trader

» Cabinet approves signing of share ownership agreement on Hambantota Port
Thu Dec 07, 2017 5:35 pm by Ethical Trader

» ශ‍්‍රී ලංකාව ලෝකයේ දූෂිතම රටවල් හතර තුලට වැටේ..
Thu Dec 07, 2017 5:31 pm by Ethical Trader

» හම්බන්තොට වරාය චීනයට බාර දීම 09 වෙනිදා
Thu Dec 07, 2017 12:50 pm by Ethical Trader

» Dividend Announcement
Tue Dec 05, 2017 5:06 pm by Ethical Trader

» පළාත් පාලන ඡන්දයේ ඇස්තමේන්තු ගත වියදම බිලියන 3 ඉක්මවයි
Tue Dec 05, 2017 2:31 pm by guruji

» ඉන්දියා යාමට ගිය ක්‍රීඩකයන් ගුවන්තොටේදී යළි කැඳවේ
Tue Dec 05, 2017 2:21 pm by Ethical Trader

» උතුරු කොරියානු මිසයිලය : ගුවනේදී "කැතේ පැසිෆික් කාර්ය මණ්ඩලය දුටුවා""
Tue Dec 05, 2017 2:17 pm by Ethical Trader

» මෙක්සිකෝවේ "කොලපැහැ රත්‍රන්" රකින "අලිගැටපේර පොලිසිය"
Tue Dec 05, 2017 2:06 pm by Ethical Trader

» ජෙට්වින්ග් කොටස් වෙළෙඳපොළ සම්ප්‍රාප්තියට දින නියම වෙයි
Mon Dec 04, 2017 1:14 pm by nihal123

» Flying is the Safest mode of Transport
Sun Dec 03, 2017 9:08 am by කිත්සිරි ද සිල්වා

» කෙලවලු පැටවුන් අල්ලන්න එපා: ධීවරයන්ට අවවාදයක්
Fri Dec 01, 2017 7:40 pm by කිත්සිරි ද සිල්වා

» එජාප මන්ත්‍රීවරුන්ට ජනාධිපති විවේචනය කිරීම තහනම්
Fri Dec 01, 2017 11:58 am by Ethical Trader

» හිමගිර පාමුළ විමුක්තිය සොයන බෞද්ධ භික්ෂුණින් වහන්සේ
Fri Dec 01, 2017 11:47 am by Ethical Trader

» දකුණු කොරියාව: ජනපති මෛත්‍රීට අනපේක්ෂිත අමුත්තෙක් මුණගැසෙයි
Fri Dec 01, 2017 11:36 am by Ethical Trader

» Laughter the Best Medicine
Thu Nov 30, 2017 6:08 pm by කිත්සිරි ද සිල්වා

» ඒකාබද්ධ විපක්ෂය සමග සාකච්ඡා අසාර්ථකයි: ශ්‍රීලනිපයට "ජයග්‍රහණය විශ්වාසයි"
Thu Nov 30, 2017 4:12 pm by Ethical Trader

» සීමා නීර්ණ ගැසට් පත්‍රය අවලංගු කළ පෙත්සම ඉවතට
Thu Nov 30, 2017 4:08 pm by Ethical Trader

» අයහපත් කාලගුණය: මරණ සංඛ්‍යාව ඉහළට
Thu Nov 30, 2017 3:57 pm by Ethical Trader

» "උතුරු කොරියාව නව බැලිස්ටික් මිසයිලයක් විදලා" - දකුණු කොරියාව
Wed Nov 29, 2017 1:01 pm by Ethical Trader

» Govt. to release 50 acres of capital land for investments
Tue Nov 28, 2017 11:32 am by කිත්සිරි ද සිල්වා

» Higher oil bill overshadows strong growth in exports
Tue Nov 28, 2017 11:12 am by Backstage

» නැනෝ ඉලෙක්ට්‍රික් හෙට සිට වෙළෙඳපොළේ – එක් ආරෝපණයකින් කිලෝමීටර 200 ක ධාවනයක්
Mon Nov 27, 2017 5:43 pm by Ethical Trader

» Deadly earthquakes could hit a billion people next year
Mon Nov 27, 2017 10:40 am by Backstage

» Only Sri Lanka’s top five stockbrokers profitable
Mon Nov 27, 2017 10:22 am by Backstage

» Brush manufacturer BPPL faced tough six months
Mon Nov 27, 2017 10:17 am by Backstage

» Sri Lanka's got Talent
Sun Nov 26, 2017 11:33 pm by sashimaal

December 2017
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

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

TJL.N0000 (Textured Jersey Lanka PLC.)

Page 4 of 5 Previous  1, 2, 3, 4, 5  Next

View previous topic View next topic Go down

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

Post by smallville on Fri Apr 28, 2017 8:47 am

Wats de hype with TJL? Nice charts... foreign attraction... GSP plus would benefit it.. What else?

But does it valued above 50? What it has to deserve a stunning run? Now their DY is not attractive either..... so so sooooo...

Searchin for answers..

_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
avatar
smallville
Top contributor
Top contributor

Posts : 1722
Join date : 2014-02-23
Location : Trying to figure out..

Back to top Go down

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

Post by Ethical Trader on Fri Apr 28, 2017 10:17 am

TJL Facts-

15/16 Annual figures:

EPS Rs: 3.23

Latest Quarte:

Quarter ending December 2016 EPS dropped from Rs: 1.02 to 0.68 while revenue increased by 14% Cost of sales increased by 20% decreasing the gross profits by 15% as compaired to 2015.

Foot wear & textiles Sector latest PER 16.9x

Hence around Rs: 50.00-55.00 may be the fair value.

Currently it trades @ Rs: 40.00.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by sashimaal on Fri Apr 28, 2017 10:40 am

TJL was going good till last quarter. Now we know they did 30% less in profits.

If the trend continues, the forward PE would get increased.

Situation is not as good as it was 3-4 months back.

Yes it's a very goodshare. But other than for trading, we need to wait and see the quarterly results before investing is my opinion.
avatar
sashimaal
Top contributor
Top contributor

Posts : 5548
Join date : 2014-02-28

Back to top Go down

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

Post by Ethical Trader on Fri Apr 28, 2017 10:52 am

Yes, there is a point in what you say. Appreciate it but remember it was going up against the ASI movement apparently for its past performance + due a bit of trading too.

Technically only MACD gives a negative signal.

Disclosure: I hold this share

sashimaal wrote:TJL was going good till last quarter. Now we know they did 30% less in profits.

If the trend continues, the forward PE would get increased.

Situation is not as good as it was 3-4 months back.

Yes it's a very goodshare.  But other than for trading, we need to wait and see the quarterly results before investing is my opinion.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by Future123 on Thu Jun 29, 2017 7:52 pm

Dividend announcement - Final Dividend - 2016/17
Date of Announcement:- 29.Jun.2017
Rate of Dividend:- Rs. 1.25 per share/ Final Dividend
Financial Year:- 2016/2017
Shareholder Approval: - Required
AGM:- 30.Aug.2017
XD:- 31.Aug.2017
Payment:- 12.Sep.2017

Future123
Active Member
Active Member

Posts : 1417
Join date : 2014-04-09

Back to top Go down

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

Post by Future123 on Thu Jul 27, 2017 4:40 pm

June 2017 quarterly results out

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

Future123
Active Member
Active Member

Posts : 1417
Join date : 2014-04-09

Back to top Go down

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

Post by Ethical Trader on Thu Jul 27, 2017 5:58 pm

Thanks Future.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by The Invisible on Thu Jul 27, 2017 11:37 pm

TJL is in a tough period now. They will requires another few quarters to come to normalcy. But till then we can patiently wait and see how the share will perform. It will stabilize at the appropriate level soon and that level will be the base for long term entry.

The Invisible

Posts : 169
Join date : 2016-11-28

Back to top Go down

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

Post by Ethical Trader on Sat Aug 12, 2017 2:10 pm

A quote from the latest annual report 2016/17:

Chairman's answers for the vital questions

"Q:…AND TEEJAY’S PERFORMANCE?

A: Teejay’s Topline grew the past year by a strong 24%, despite major global uncertainty in most markets. This was driven by a strong Sales engine, and partly due to the timing of our consolidations. Teejay’s margins, and that of all other players in the industry, were impacted by these significant challenges during the year. Our profitability, especially our Gross Margins dropped significantly in H2, post the yarn cost hikes, compared with the excellent performance of the previous year. Cotton prices hiked to double digit during H2, and remain at similar levels. But thanks to our previous growth strategies, and cost containment, we remained firmly profitable and reported a Profit after tax of Rs.2 Bn. We also managed to limit the profit slide with full year PAT declining by only 9.7%. I am happy to note that your Company still remained among the top performers in the industry in the region despite these challenges.

The strategic initiatives made during the past two years and the Company’s well diversified portfolio of key clientele contributed to its resilience amid challenging circumstances.

Half of the Sri Lankan cotton fabric requirement is imported at present. Similarly, almost the entire Synthetic requirement is imported into Sri Lanka. This underlies the portfolio of opportunity that Teejay seeks to tap into, through its local supply chain solution. Your Company took a significant step in launching the manufacture of Synthetic fabric during the year – a product which offers tremendous potential to capture new markets and higher margins. Synthetics are now being welcomed by the customers as an evolving garment form which contributes to their increasing user friendliness, comfort, performance and even lasts longer. The differences between Cotton and Synthetic fabrics are also reducing considerably.

We also launched a process of expansion of our production capacities in India, and Phase I of it was completed during the latter part of the year, providing us with 9 tons of added capacity as we move into FY18.

With the GSP prospects, all initiatives taken during the year and with the comfort of a strong Balance Sheet, Teejay Group has declared a dividend of LKR 2.25 Rupees for the year compared to LKR 1.60 last year. This demonstrates our firm belief in the team’s ability to continually deliver sound margins for the business."

With the completion of its new investments, strategic organic growth and the strategic move into synthetic materiel; GSP+ concessions operating in full swing, declining cotton prices & its proven track record for excellent performance under trying conditions, the next year will be promising.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by Backstage on Sun Oct 01, 2017 11:15 pm


September 26, 2017

PUBUDU DE SILVA
TEEJAY LANKA PLC
FOUNDING: 2001
REVENUE: RS22 BILLION
EMPLOYEES: 2,150
26

TEEJAY’S FABRIC IS NOT UNIQUE, BUT ITS KNITTING IS SPECIAL

Teejay Lanka, a listed Rs22 billion revenue weft-knit fabric maker, is not the only company manufacturing self-cleaning and water resistant fabrics, but its application of technology and production processes are innovative.

“The clothing industry is changing rapidly. Product innovation is important to move up the value chain and sustain a competitive advantage. However, we can’t always be at the forefront of product innovation, but we can innovate around processes to find an edge,” says Pubudu De Silva, Chief Operations Officer at Teejay, a fabric supplier to Sri Lanka’s export clothing manufacturers. “For us, innovation of how we do, rather than what we make, is the imperative,” he says. With all the hype about smart technology’s inroads into the clothing industry, Teejay experimented with embedding electronics into fabrics, but it failed. “The technology was too advanced and it is a very niche market for the local R&D and manufacturing ecosystem,” De Silva says.

The company lowered its aspirations a notch and found opportunity within easier reach around its core-strength in weft knitted fabrics from cotton and synthetic fibres, or a mixture of the two. If it can’t improve the functionality of innovative fabrics, it can try to make them a lot cheaper. Teejay recently filed two patents: an anti-microbial and odor-controllable fabric that kills germs, and another for a self-cleaning fabric that repels water, both developed in collaboration with the University of Peradeniya. “There are fabrics with similar functionalities out there, but we’ve worked out how to produce these at half the cost by tweaking the nanotechnology chemical application,” De Silva says. “Demand for these fabrics is growing so we’ve given ourselves a significant cost advantage,” he says.

Teejay’s mills in Seethawaka and India produce around 70-75 MT of fabric a day supplying to Sri Lankan clothing makers like Brandix, Hela Clothing, and MAS, and plans to triple revenue to $300 million by 2020.

Its fabric innovations and designs are presented directly to its customers’ buyers. “R&D is expensive so we have to make sure we’re putting in money to solve the right problem,” De Silva says. The company recently launched the world’s first carbon neutral fabric, and uses data analytics to pre-empt seasonal sales and fashion trends.

“We are investing in synthetic fabrics at an opportune time,” De Silva says. Non-natural synthetic fabrics like polyester, nylon, and rayon with spandex have been challenged around their lower biodegradable aspects. Microscopic plastic beads could escape with the laundry wash to pollute rivers and oceans and possibly even into the fish we eat.

However, the versatility of synthetic fabrics (they are stretchable, waterproof, and long lasting) is hard to ignore. WGSN, a global firm that forecasts fashion trends, claims technology improvements and blending with natural fibres make synthetic fabrics less harmful to the environment. “Demand for synthetic fabrics are growing at a faster rate than for natural textiles,” De Silva says.

The company has been investing over $4.5 million to install synthetic capacity, and plans to further enhance this significantly over the next few years. “By 2020, synthetics will contribute about 20% to group revenue and will enhance the bottom line percentages, since synthetic margins are at higher levels, given their sophistication and degree of difficulty,” he says.

The company constantly tweaks processes so that it can find an edge delivering faster turnaround times and lower costs compared to its competitors who often use the same machinery. Teejay is secretive about these process improvements, which are patented to prevent competitors copying them. Processes and functionalities that earlier took several days are now completed in a few hours or a few minutes
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by Ethical Trader on Mon Oct 02, 2017 10:41 am

Thanks Back. This is another stock available at bargain price at present.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by First Guy on Tue Oct 03, 2017 8:39 am

Ethical Trader wrote:Thanks Back. This is another stock available at bargain price at present.

I would say it's fairly priced, at present
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

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

Post by Backstage on Tue Oct 03, 2017 11:56 am

First Guy wrote:
Ethical Trader wrote:Thanks Back. This is another stock available at bargain price at present.

I would say it's fairly priced, at present

In terms of present earnings yes. In terms of future earnings and corporate governance appeal to foreign investors no.
TJ has done some sweet timing, with their acquisitions mergers and capacity expansion all falling into place just as the GSP + kicking in. I see two good years up ahead for TJ.

Disc. I hold. My cost price with dividends around 18.50. Target 65/= next year.
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by Ethical Trader on Tue Oct 03, 2017 12:02 pm

PER & DY wise its definitely undervalued (when compared to the sector stats) but not with PBV. Their R&D side in which their future potential rests is very strong. Already they have several new patents to their credit proving my contention. I normally ignore or is not that serious on PBV Ratio when it comes to non-Banking & Financial counters.
First Guy wrote:
Ethical Trader wrote:Thanks Back. This is another stock available at bargain price at present.

I would say it's fairly priced, at present


Last edited by Ethical Trader on Tue Oct 03, 2017 5:20 pm; edited 1 time in total
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by Ethical Trader on Tue Oct 03, 2017 12:08 pm

I agree with Back except with current earnings, because their PER is better than their sector PER. I too hold this share and has no intention to sell soon.
Backstage wrote:
First Guy wrote:
Ethical Trader wrote:Thanks Back. This is another stock available at bargain price at present.

I would say it's fairly priced, at present

In terms of present earnings yes. In terms of future earnings and corporate governance appeal to foreign investors no.
TJ has done some sweet timing, with their acquisitions mergers and capacity expansion all falling into place just as the GSP + kicking in. I see two good years up ahead for TJ.

Disc. I hold. My cost price with dividends around 18.50. Target 65/= next year.
 
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

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

Post by Backstage on Tue Oct 03, 2017 12:24 pm

TJ timing has been perfect where as Brandix sold the best finishing plant in South Asia at the worst possible time.
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by CK on Tue Oct 03, 2017 12:29 pm

Backstage wrote:

Disc. I hold. My cost price with dividends around 18.50. Target 65/= next year.
 
Wow,...superb and congrats Very Happy
avatar
CK
Active Member
Active Member

Posts : 1062
Join date : 2015-11-01

Back to top Go down

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

Post by Backstage on Tue Oct 03, 2017 12:33 pm

CK wrote:
Backstage wrote:

Disc. I hold. My cost price with dividends around 18.50. Target 65/= next year.
 
Wow,...superb and congrats Very Happy

Actually its my wife's PF. I get zilch, not even a thank you. Crying or Very sad
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by CK on Tue Oct 03, 2017 12:36 pm

Backstage wrote:
CK wrote:
Backstage wrote:

Disc. I hold. My cost price with dividends around 18.50. Target 65/= next year.
 
Wow,...superb and congrats Very Happy

Actually its my wife's  PF. I get zilch, not even a thank you. Crying or Very sad
Good. I don't have such a patience to keep a share that long
avatar
CK
Active Member
Active Member

Posts : 1062
Join date : 2015-11-01

Back to top Go down

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

Post by Backstage on Tue Oct 03, 2017 12:43 pm

I am holding some shares since 2011 March. Smile
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by CK on Tue Oct 03, 2017 12:50 pm

Backstage wrote:I am holding some shares since 2011 March. Smile
You must be enjoying . Are they good dividends payers? Very good in fundamentals and growing earnings yr to yr?
avatar
CK
Active Member
Active Member

Posts : 1062
Join date : 2015-11-01

Back to top Go down

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

Post by Backstage on Tue Oct 03, 2017 12:57 pm

CK wrote:
Backstage wrote:I am holding some shares since 2011 March. Smile
You must be enjoying . Are they good dividends payers? Very good in fundamentals and growing earnings yr to yr?

No such luck. I have had huge losses and hardly any dividends. Namely CINV and CIT, both possible 3 baggers. ALLI too but am in the green with also good dividends.
avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by CK on Tue Oct 03, 2017 1:41 pm

Backstage wrote:
CK wrote:
Backstage wrote:I am holding some shares since 2011 March. Smile
You must be enjoying . Are they good dividends payers? Very good in fundamentals and growing earnings yr to yr?

No such luck. I have had huge losses and hardly any dividends. Namely CINV and CIT, both possible 3 baggers.  ALLI too but am in the green with also good dividends.
ok boss. I have slowly changed my pf 70% to plantations mal ldev mask bala tpl..Bit risky, but already in good profit.
Are you with any tea related share?
avatar
CK
Active Member
Active Member

Posts : 1062
Join date : 2015-11-01

Back to top Go down

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

Post by Backstage on Tue Oct 24, 2017 3:09 pm

Expected recovery in margins and capacity increases to drive growth : BUY

TJL reported a lower PAT of LKR 220mn for the quarter (-44.9% YoY) hit by multiple blows; constrained demand from key export markets pushing for lower selling prices, higher cotton prices, increased overhead costs (on account of increased capacity) and a higher tax bill. We expect volumes to improve from the recovery in the EU market, while regaining of GSP+ would give an added impetus, in our view. We expect margins to improve going forward with cotton prices stabilizing. We are positive about TJL expansion to synthetic fabric manufacturing which is expected to contribute ~20% to top line in FY 2020E driven by rising global demand for ath-leisure segment. TJL’s primary synthetic fabric focus is on Polyamide (nylon) and is currently the sole manufacturer in Sri Lanka. We expect TJL to close FY 2018E with a lower top line growth of 9.7% YoY and a ~29% YoY drop in profitability due to expected dismal results for the first nine months of the year. We expect the company to record a strong rebound from Q4 18E, supported by Teejay India Phase II capacity improvements, an improved order book and softening cotton prices. Our expected revenue and profits CAGR for the next three years stand at 16% and 8% respectively. Our DCF based valuation suggests a TP of LKR 46 with an upside of 22% and the total return TP (with dividends) stands at LKR 48 with an upside of 25%. We reiterate BUY.

Bartleet Religare Securities

avatar
Backstage
Top contributor
Top contributor

Posts : 3223
Join date : 2014-02-24

Back to top Go down

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

Post by Ethical Trader on Tue Oct 24, 2017 4:50 pm

Thanks.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3072
Join date : 2014-02-28

Back to top Go down

Page 4 of 5 Previous  1, 2, 3, 4, 5  Next

View previous topic View next topic Back to top


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