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» "පියසේනට දැං සනීපයි..."
MGT.N0000 EmptyToday at 10:47 am by Yin-Yang

» Dividend Announcement
MGT.N0000 EmptyToday at 10:19 am by කිත්සිරි ද සිල්වා

» What's going to happen
MGT.N0000 EmptyToday at 6:26 am by serene

» Thread for News on CSE and SL Economy
MGT.N0000 EmptyYesterday at 8:22 pm by ruwan326

» TJL.N0000 (Textured Jersey Lanka PLC.)
MGT.N0000 EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
MGT.N0000 EmptyYesterday at 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
MGT.N0000 EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
MGT.N0000 EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
MGT.N0000 EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
MGT.N0000 EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
MGT.N0000 EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
MGT.N0000 EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
MGT.N0000 EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
MGT.N0000 EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
MGT.N0000 EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
MGT.N0000 EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
MGT.N0000 EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
MGT.N0000 EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
MGT.N0000 EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
MGT.N0000 EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
MGT.N0000 EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
MGT.N0000 EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
MGT.N0000 EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
MGT.N0000 EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
MGT.N0000 EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
MGT.N0000 EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
MGT.N0000 EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
MGT.N0000 EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
MGT.N0000 EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
MGT.N0000 EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
MGT.N0000 EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
MGT.N0000 EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
MGT.N0000 EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
MGT.N0000 EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
MGT.N0000 EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
MGT.N0000 EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
MGT.N0000 EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
MGT.N0000 EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
MGT.N0000 EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
MGT.N0000 EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
MGT.N0000 EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
MGT.N0000 EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
MGT.N0000 EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
MGT.N0000 EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
MGT.N0000 EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
MGT.N0000 EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
MGT.N0000 EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
MGT.N0000 EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
MGT.N0000 EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
MGT.N0000 EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

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MGT.N0000 Empty MGT.N0000

Post by ruwan326 on Wed Feb 13, 2019 7:29 pm

Financial Performance- Period ended 31 December 2018

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ruwan326
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Join date : 2016-09-29
Age : 41

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MGT.N0000 Empty Re: MGT.N0000

Post by Hawk Eye on Tue Feb 26, 2019 2:11 pm

…Although the results, at a glance, do not reflect a good year, mainly due to market conditions and other external cost increases, the Company has made extensive progress to regain profitability and unit cost reductions which was seen in the 4th quarter of 2017/18..(CEO Statement-Annual Report 2017/18)

Further the CEO goes on elaborating ..”The strategies adopted by the Company for long term sustainability in having a broad based geographical market such as USA, UK & Europe, be selective with its customer base and to lead in innovation continued during the year under review…”

Somewhere in the report CEO states that all these efforts starts to materialise in the 4th Quarter 2017/18, where things started to turn to profit from there onwards.

The Revenue in USD is clearly increasing Q2Q and Same quarters previous year at a progressive rate. The Annual Report says that the Capacity Utilisation is 78% for 2017/18 same as last year. Therefore this is clearly through the materialisation of Forecast of high end market orders as stated by CEO .

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Though the Annual Report discusses about cost reduction I didn’t see the GP margin increasing but decreasing. This is due to the sharp increases in Yarn Prices and USD appreciation.

But the most Notable area is it started to Turnaround from Losses to Profit, and profits now started to increase at a considerable rate Q2Q. The reduction in Finance cost Q2Q is a clear sign that the Company cashflow is improving, and soon MGT will bring this to the lowest possible level. Cash Balance have increased Q2Q.

Cash balance increased from 227Mn in Dec 2017 which increased to 1.2Bn in same December 2018.

EPS increasing on a progressive rate mainly in 2019

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Finally lets look at the Shareholding structure for last 3 Quarters. And you will know whos selling and why the price went low . Soon someone will grab the opportunity

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Soon the March results will capture the Investors eyes

HE
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MGT.N0000 Empty Re: MGT.N0000

Post by ruwan326 on Tue Feb 26, 2019 7:13 pm

Thank you Hawk Eye, Great job study
ruwan326
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MGT.N0000 Empty Re: MGT.N0000

Post by CK on Tue Feb 26, 2019 7:57 pm

Identifing early is the most important thing ..thanks HE. ( I remember Hariesha identified insurance sector early, although now he is being attacking very unfair way.. sorry I had to tell this when all the seniors remains silent except x)
CK
CK
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MGT.N0000 Empty Re: MGT.N0000

Post by dhanurrox on Wed Feb 27, 2019 5:56 am

CK wrote:Identifing early is the most important thing ..thanks HE. ( I remember Hariesha identified insurance sector early, although now he is being attacking very unfair way.. sorry I had to tell this when all the seniors remains silent except x)
Noted.Insurence sector post was really good compared with some " weather report" type posts

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MGT.N0000 Empty Re: MGT.N0000

Post by Admin on Wed Feb 27, 2019 8:44 am

As the administrator, I am not allowed or should not take active part in discussions but I noticed something about one of the facts.

Whether it is intentional or not, I leave it to the moderators and members to decide or the member him/herself to correct.

Admin
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MGT.N0000 Empty Re: MGT.N0000

Post by yellow knife on Fri Mar 01, 2019 9:40 am

Dear Admin

Since you are pointing out a FACT please do it. There can be instances where we may miss seeing one thing which others see.

yellow knife
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MGT.N0000 Empty Re: MGT.N0000

Post by ruwan326 on Fri Mar 01, 2019 7:12 pm

To ADMIN & All the other members ........

Since I start this post I like to know the issue, This was taken from [You must be registered and logged in to see this link.] directly.

So rather than backbiting in the back would be nice to point out here openly as a man......

Before I post any more waiting for clarification..........
ruwan326
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MGT.N0000 Empty Re: MGT.N0000

Post by Admin on Fri Mar 01, 2019 8:50 pm

ruwan326,

Sorry for confusion. What I pointed was not on your post. But one by member Hawk Eye.

On cash, MGT does not have 1.2BN Rs. cash as stated (WRONG FACT). What it has is 3BN loans and borrowings.




Admin
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MGT.N0000 Empty Re: MGT.N0000

Post by Ethical Trader on Fri Mar 01, 2019 9:09 pm

Ruwan, Admin has clarified & its up to the Mods to take action.
ruwan326 wrote:To ADMIN & All the other members ........

Since I start this post I like to know the issue, This was taken from [You must be registered and logged in to see this link.] directly.

So rather than backbiting in the back would be nice to point out here openly as a man......

Before I post any more waiting for clarification..........
Ethical Trader
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MGT.N0000 Empty Re: MGT.N0000

Post by ruwan326 on Fri Mar 01, 2019 9:19 pm

Admin wrote:ruwan326,

Sorry for confusion. What I pointed was not on your post. But one by member Hawk Eye.

On cash, MGT does not have 1.2BN Rs. cash as stated (WRONG FACT). What it has is 3BN loans and borrowings.




No problem.... Well as ADMIN when ever you find something wrong/doubtful/ or any other matter related to misguide members point it out. It might be a mistake or else the person put the post can verify or admit the mistake.Same goes for Moderators and all the other members.

I still find all the members active here are friendly and genuine.... So lets keep the forum safe and clean and work as a family under IS Wink

Hope next week ASI will rise and all the grumpiness will vanish......... Very Happy Very Happy Very Happy
ruwan326
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MGT.N0000 Empty Re: MGT.N0000

Post by Hawk Eye on Sun Mar 03, 2019 2:48 pm

I just logged in and found that Admins post was pointing a mistake of mine. could have pointed it out directly Very Happy Very Happy ..could have corrected that time.

let the moderators take action.Any action is accepted Cool

Members..Sorry guys...I made mistake in Taking the USD figures as Rupee, so took it in"000"

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Good Luck
HE
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