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» HOPL.N0000 ( Horana Plantations PLC)
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» LIOC.N0000 (Lanka IOC PLC)
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Sat Aug 12, 2017 2:42 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 2:10 pm by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 9:10 am by Ethical Trader

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» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
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» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Thu Aug 10, 2017 6:06 pm by Rana

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TJL.N0000 (Textured Jersey Lanka PLC.)

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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..

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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.
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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.
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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.
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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.
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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

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

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

June 2017 quarterly results out

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

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

Thanks Future.
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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.

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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.
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