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RegisterThanks YK for the update. Though the price of DIPD has come down it still overvalued to me.
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කිත්සිරි ද සිල්වා
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34 posters
DIPD.N0000 (Dipped Products PLC)
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
BnP- Posts : 11
Join date : 2015-12-28
Thank you so much for valuable words
Rana- Top contributor
- Posts : 1786
Join date : 2015-12-16
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
2017
By now DIPD is trading around 108.10 and the data of 2016/17 annual report will be useful for evaluation and understanding of the share.
DIPD has been a constant dividend payer. However a careful analyst who prefers dividend would opt companies managed by Dr. Sena Yakdehige or Richard Pieris Group than owned and managed by Hayleys group.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Company seems to recover from the down trend of 2016
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
EPS shows the landscape of a Highland meeting High rocks, plateaus and valleys...
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
As mentioned earlier 2012 was the best year where commodity prices sky rocketed.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Company market value seems to catch up again with the fight with Net Assets Value
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
As mentioned above companies like REXP, Namun, KGAL or even RICH itself is better when it comes to dividend policy for retail investors.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
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Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
Many thanks.
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Thanks yellow knife
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Thanks YK
Danidu- Posts : 264
Join date : 2015-09-03
Age : 43
Location : Welisara
Thank you YK
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
thanks YK
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Thanks YK, good analysis.
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Dipped Products Sept quarter net up 270-pct
ECONOMYNEXT – Sri Lankan rubber gloves maker Dipped Products said net profit shot up 270 percent to 153 million rupees in the September 2018 quarter from a year ago.
Quarterly sales of the Hayleys group firm rose two percent to 7.2 billion rupees over the period, according to interim accounts filed with the stock exchange.
Diluted earnings per share for the quarter were 2.55 cents. EPS for the six months to September 2018 were 6.14 rupees. The share was last traded at 80 rupees.
Dipped Products’ gross profits grew 10 percent to just over a billion rupees in the September 2018 quarter from the previous year, the accounts showed.
Finance income shot up 146 percent to 72 million rupees while the share of non-controlling interest profit fell 75 percent to 11 million rupees.
The accounts showed Dipped Products booked no loss from Hayleys Global Beverages (Pvt) Ltd., a unit of subsidiary Kelani Valley Plantations, in the September 2018 quarter compared with a 49 million rupee loss the previous year.
A statement attributed the growth in half-yearly profit to “performance improvement initiatives in local operations and significant contribution from overseas marketing operations.”
Half-yearly profit attributable to equity holders of the company shot up to 368 million rupees from 12 million rupees in the previous year
“Outstanding contributions to revenue and profit came from the group’s Italian marketing company ICOGUANTI S.p.A. The company increased its sales by 9 percent to 2,475 million rupees and grew profits by 65 percent to 271 million rupees.”
Dipped Products (Thailand) Limited improved its performance and converted a loss of five million rupees in 2017 to a profit of 22 million in the period reviewed despite drop in sales by 3 percent to 1,745 million rupees.
Sales of the group’s plantation businesses, Kelani Valley Plantations and Talawakelle Tea Estates, were virtually static at 6,547 million rupees mainly due to depressed commodity prices.
(Colombo/Nov13/2018)
ECONOMYNEXT – Sri Lankan rubber gloves maker Dipped Products said net profit shot up 270 percent to 153 million rupees in the September 2018 quarter from a year ago.
Quarterly sales of the Hayleys group firm rose two percent to 7.2 billion rupees over the period, according to interim accounts filed with the stock exchange.
Diluted earnings per share for the quarter were 2.55 cents. EPS for the six months to September 2018 were 6.14 rupees. The share was last traded at 80 rupees.
Dipped Products’ gross profits grew 10 percent to just over a billion rupees in the September 2018 quarter from the previous year, the accounts showed.
Finance income shot up 146 percent to 72 million rupees while the share of non-controlling interest profit fell 75 percent to 11 million rupees.
The accounts showed Dipped Products booked no loss from Hayleys Global Beverages (Pvt) Ltd., a unit of subsidiary Kelani Valley Plantations, in the September 2018 quarter compared with a 49 million rupee loss the previous year.
A statement attributed the growth in half-yearly profit to “performance improvement initiatives in local operations and significant contribution from overseas marketing operations.”
Half-yearly profit attributable to equity holders of the company shot up to 368 million rupees from 12 million rupees in the previous year
“Outstanding contributions to revenue and profit came from the group’s Italian marketing company ICOGUANTI S.p.A. The company increased its sales by 9 percent to 2,475 million rupees and grew profits by 65 percent to 271 million rupees.”
Dipped Products (Thailand) Limited improved its performance and converted a loss of five million rupees in 2017 to a profit of 22 million in the period reviewed despite drop in sales by 3 percent to 1,745 million rupees.
Sales of the group’s plantation businesses, Kelani Valley Plantations and Talawakelle Tea Estates, were virtually static at 6,547 million rupees mainly due to depressed commodity prices.
(Colombo/Nov13/2018)
PANTOMATH- Posts : 231
Join date : 2018-10-15
DIPD doing same sort of business like REXP.All factors favoring REXP favor DIPD too.
This thread gives comprehensive analysis of DIPD thanks to YK.
I would recommend DIPD as a LT investment at current price for patience investors.
This thread gives comprehensive analysis of DIPD thanks to YK.
I would recommend DIPD as a LT investment at current price for patience investors.
serene- Top contributor
- Posts : 4850
Join date : 2014-02-26
Trailing EPS Rs.12.17
Trailing PE 7.4
Net Asst Value 166
Last 5 Quarters EPS (Rs.)
0.69 3.30 2.73 3.59 2.55
Dividend Paid
2018/05/17 Rs. 3/=
2018/10/04 Rs.1.50
2019/01/03 Rs.1/=
Good going.
( Figures are extracted from data base update by me and please check for accuracy)
Trailing PE 7.4
Net Asst Value 166
Last 5 Quarters EPS (Rs.)
0.69 3.30 2.73 3.59 2.55
Dividend Paid
2018/05/17 Rs. 3/=
2018/10/04 Rs.1.50
2019/01/03 Rs.1/=
Good going.
( Figures are extracted from data base update by me and please check for accuracy)
PANTOMATH- Posts : 231
Join date : 2018-10-15
Thanks Serene for numbers,See the YoY growth,We can expect a good EPS in December quarter as well.
pjrngroup- Posts : 444
Join date : 2015-11-01
Thanks for the update Serene.
PANTOMATH- Posts : 231
Join date : 2018-10-15
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
Financial Performance- Period ended 31 December 2018
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