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» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyYesterday at 8:59 pm by Backstage

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DPL.N0000 (Dankotuwa Porcelain PLC) EmptyYesterday at 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyYesterday at 6:02 pm by Ethical Trader

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» Thread for News on CSE and SL Economy
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» Dividend Announcement
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» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» Thread for News on Local and Foreign Politics
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Apr 09, 2019 11:25 am by Ethical Trader

» අනං මනං! #/+?.<>
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Apr 08, 2019 7:23 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Apr 08, 2019 6:07 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
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» CONN.N0000
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Apr 05, 2019 12:36 pm by Ethical Trader

» Micro Finance
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» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» PLC.N0000 ( People's Leasing and Fiance PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
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» SAMP.N0000 (SAMPATH BANK PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» Plantation sector updates
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Apr 01, 2019 2:13 pm by nihal123

» What to Analyse
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Apr 01, 2019 8:00 am by yellow knife

» MTD WALKERS - KAPI
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Apr 01, 2019 5:01 am by NIRMALSG

» VONE.N0000 (VALLIBEL ONE PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Mar 31, 2019 6:09 pm by lanka

» In the Meantime, Within Our Shores !
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Mar 31, 2019 11:22 am by කිත්සිරි ද සිල්වා

» PB. N0000 (People's Bank)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Mar 29, 2019 5:33 pm by yellow knife

» Obituary Notice.
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Mar 29, 2019 5:07 pm by කිත්සිරි ද සිල්වා

» Happy Birthday
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Mar 29, 2019 9:58 am by Backstage

» Re: Financial reports Q1-2019
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Mar 29, 2019 7:45 am by serene

» Save Wilpattu !
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyThu Mar 28, 2019 1:58 pm by puliyanam

» Help him Today, so he can help another Tomorrow
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyThu Mar 28, 2019 7:49 am by serene

» HNB.N0000 ( Hatton National Bank PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Mar 26, 2019 6:18 am by pjrngroup

» අපිට විතරද පායන්නේ ?
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Mar 25, 2019 9:06 pm by malanp

» Tourism sector
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyMon Mar 25, 2019 5:47 pm by NIRMALSG

» Oman's Oil and Gas Minister Dr. Al Ruhmy arrives in Lanka.
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Mar 24, 2019 12:11 pm by Ethical Trader

» රෝගීන් වෙනුවෙන් කැප වන සෞඛ්‍ය සේවාවක් වෙනුවෙන්.....
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Mar 19, 2019 9:34 am by AjithR

» JEWS OF SRI LANKA: AN UNTOLD STORY
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Mar 19, 2019 9:22 am by කිත්සිරි ද සිල්වා

» How Small We are in the universe
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyTue Mar 19, 2019 7:29 am by nihal123

» ඉස්සරහට අපි පරදින එකනම් ෂුවර් – ධම්මික ක්‍රිකට් ගැන කතා කරයි
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyFri Mar 15, 2019 2:59 pm by nuwanmja

» HAYL.N0000 Hayleys PLC
DPL.N0000 (Dankotuwa Porcelain PLC) EmptyThu Mar 14, 2019 2:46 pm by yellow knife

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Mar 10, 2019 8:36 pm by NIRMALSG

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
DPL.N0000 (Dankotuwa Porcelain PLC) EmptySun Mar 10, 2019 6:40 am by ruwan326

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DPL.N0000 (Dankotuwa Porcelain PLC)

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 11:55 am

It is not nice to write un-confirmed stories among research type information. But for DPL I add these gossip model stories where these stories share valuable meanings irrespective of they are true or false.

==============================================

1. This was a Janatha Company.( People's Company). Therefore there is a very powerful workers union.
When this company was listed, its Union wanted to continue circulating monthly reports but as per requirements of listed company you have to publish only quarter reports. So there was a conflict of reporting style initially. ( may be false)


=============================================


2. This company had a management change and Japanese got into management. In the first meeting with the Japanese management, the Japanese head asked from the CEO what are the problems he forsee with the Japanese collaboration. CEO sensing a possible problem with the communication with foreigners by his employees said that the English knowledge of the average worker (Sri Lankan) is not upto the standard.

Japanese Head said

"Mr. K.... B......, here what we manufacture Ceramic items and not English..So don't worry about the quality of English but Ceramic"

(no source to refer..may be false story among workers )


======================================================

3. This company went for a right issue in 2007. Just before them JKH went for a rights issue which was the biggest rights issue upto then in Sri Lanka. After getting the rights fully subscribed JKH did nothing but invested in Treasury bills which the subscribers could have done it themselves alone. Therefore the next right issue by DPL was not a successful one.

( Can remember so, but could not really find proper sources either to prove or to reject )

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 11:57 am

Revenue of the company was slowly growing

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 11:59 am

Eventhough revenue shows a growth the PAT shows that company is not well managed

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:00 pm

EPS does not persuade any logical buyer for this company at present

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:03 pm

When companies fail to report good earning the only fact that keep the price falling beyond a certain amount is Net Assets.

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:09 pm

DPL.N is a company that was subject to Price-Band during bubbling 2011.

Anyone who has purchased DPL at highest during 2011 would never be able to sell above his cost in near future.


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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:11 pm

Company maintain data of pieces produced in two categories: white and decorated.

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:17 pm

Yet the most important graph is following. It shows that local purchased number of pieces is about to overtake exported number of pieces.

Since the data is based on number of pieces it shows the real picture which otherwise would have been hood-winked by Forex fluctuations.


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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:45 pm

Above charts shows the problem we Sri Lankans are facing.

We are not export oriented.

DPL.N in one of last annual reports state that Europeans are moving away from Fine-dining culture and the ceramic sets are getting out of European tables.

2014/15 annual report shows the alternative they have taken.

" your company is now aggressively refocusing its business on high growth emerging markets and significant ground work has already been done to rapidly expand the company's operations in India including the launch of our own showrooms in India with products developed by both DPL and RFPL specifically for Indian consumer."

We, Sri Lankans have not understood properly the Indian up-market and tourism by generalizing after viewing few poor Indians and by listening to cheap Politicians.

India is the country where DeBeers the Diamond manufacturer is looking at. Many Hindi and India based movies are trying to promote Diamonds in the country. Happy New Year, Krrish and many other Diamond Robbery movies are promoters targeting upper middle-class of India.

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:52 pm

Rights announcement today


DANKOTUWA PORCELAIN - RIGTHS ISSUE (DATES)
DANKOTUWA PORCELAIN PLC
Company ID: - DPL
Date of Initial Announcement: - 30.Jul.2015
Proportion: - Five (05) new ordinary shares for every four (04) existing ordinary shares held
Issue Price: - Rs. 8.00 /-
Qty Offered: - 90,307,178
General Meeting / Provisional Allotment: - 04.Nov.2015
Date EX: - 05.Nov.2015
Dispatch of Provisional Letter of Allotment: - 12.Nov.2015
Trading Commences on: - 18.Nov.2015
Renunciation: - 26.Nov.2015
Last Date of Acceptance & Payment: - 27.Nov.2015
Share Transfer Book Open

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 14, 2015 12:56 pm

This is another company where Top is on Margin Account. Thus rights issues as well as dividends on slight EPS is inevitable.

However I like to quote a nice term.

There is a difference between Asset Traders and Entrepreneurs.

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by xmart on Wed Oct 14, 2015 2:33 pm

good post YK. i was eyeing this too. thanks again
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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by indi009 on Wed Oct 21, 2015 5:10 pm

All and all is it worth of buying it or not.

Please give us your idea.....
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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Wed Oct 21, 2015 5:20 pm

Indi

Just evaluate yourself and buy what suits you

It seems you are impatient so buy things that give quick gains..

DPL will not give quick gains

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by smallville on Fri Oct 30, 2015 8:26 am

DPL Gave a ST opportunity to profit.. dats all.. Any ideas on rights usefulness?

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Fri Oct 30, 2015 8:41 am

DPL is a a good company if it falls to right hands to own it.

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Fri Oct 30, 2015 8:44 am

What I meant above is DPL is currently owned by Asset Traders and not in the hands of entrepreneurs... If a manufacturing company to grow it should be in the hands of entrepreneurs...

Dr. Sena Yaddehige and even Dammika Perera are good entrepreneurs where as Taprobane or Lion Heart are mere asset traders..

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by Backstage on Fri Oct 30, 2015 11:35 am

Porcelain is a difficult business. Some time ago I met a marketing manager of on of the biggies, and he was saying the Chinese are offering below Sri lankan cost prices. DPL (as most other export manufactures here) can only survive by finding themselves an up market niche where the margins are more comfortable. Industries where economics of scale count, we don't have a chance. We can learn from the Korean experience of the importance of long term strategy , but not just use their strategy for obvious reasons.
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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Fri Oct 30, 2015 1:14 pm

agreed BS

But the commitment from owners is needed...

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by Backstage on Fri Oct 30, 2015 1:30 pm

yellow knife wrote:agreed BS

But the commitment from owners is needed...

Or coercion by the state within a strong long term industrial vision/policy.
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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by yellow knife on Fri Oct 30, 2015 1:56 pm

Yeah.... development is purely a political leadership's job...

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DPL.N0000 (Dankotuwa Porcelain PLC) Empty Re: DPL.N0000 (Dankotuwa Porcelain PLC)

Post by Ethical Trader on Fri May 05, 2017 11:49 am

I just visited this nicely presented thread on DPL. Thanks YK for your expert presentation. Continue the good work. Its time for you to do an analysis on current situ.
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