Re: CIND.N0000 (Central Industries PLC)

Tue Jul 26, 2016 8:55 am Message reputation : 100% (2 votes)

Central Finance company owns 44% of the company. Thus like other Sons CIND has to pay for its mother company. Its always worthy to hold Sons or Daughter companies than Mother companies for the purpose of dividends.

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Tue Jul 26, 2016 10:56 am Message reputation : 100% (3 votes)

There are some key points to be quoted from Annual Report of CIND

1. Sri Lanka was enjoying double digit growth rate in construction sector in past several years but not in 2015 where the sector contracted by 0.9%.

2. National Water Supply and Drainage Board which was the single largest buyer of company has reduced capital expenditure by 23%.

3. Commercial banks lending to the private sector increased by 25% and lower inflation and lower interest rate promoted that. It improved Small and Medium size construction projects and CIND could capture that advertising driven market with proper strategic image building.

4. After long delays , large sums due from the National Water Supply and Drainage Board for suppliers made during the previous year were received during 2015/16. However a sum equivalent to 0.5% of the value from payments made to the suppliers with held.

5. Price of PVC resins which is the primary raw material of PVC pipes remained low and the company made use of the storage facility at Elhena , Yakkala to store up raw materials .

Tue Feb 07, 2017 5:59 pm Message reputation : 100% (1 vote)

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Tue Feb 07, 2017 7:07 pm Message reputation : 100% (1 vote)

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This is for 6 months ending 30th sep 2016.

Tue Feb 07, 2017 7:15 pm

Another undervalued share trading at 46/=. Should trade above 70/= minimum.

Tue Dec 29, 2020 7:06 pm

CIND is on a superb uptrend. Appreciate the efforts of all contributors who had seen the potential of this share long time a go.

Mon Oct 11, 2021 10:34 pm

Central Industries

CIND.N0000

Share Price

7 Day

1 Year

120.25

15.9%

122.1%

Investor sentiment improved over the past week

After last week's 16% share price gain to LK₨120, the stock trades at a trailing P/E ratio of 5.6x.
· Average trailing P/E is 6x in the Building industry in Sri Lanka.
· Total returns to shareholders of 458% over the past three years.

Mon Nov 01, 2021 4:58 pm

Central Industries

CIND.N0000

Share Price

7 Day

1 Year

145

22.9%

136.3%

Investor sentiment improved over the past week

After last week's 23% share price gain to LK₨145, the stock trades at a trailing P/E ratio of 6.8x.

The average trailing P/E is 7x in the Building industry in Sri Lanka.
Total returns to shareholders of 526% over the past three years.

Mon Nov 08, 2021 9:29 am

Central Industries
CIND.N0000

Share Price

7 Day

1 Year

171.25

27.6%

140.7%

Second-quarter 2022 earnings release:
EPS LK₨8.89 (vs LK₨5.84 in 2Q 2021)

The company reported a solid second-quarter result with improved earnings and revenues, although profit margins were flat.
Second quarter 2022 results:
·   Revenue: LK₨1.83b (up 57% from 2Q 2021).
·   Net income: LK₨193.8m (up 52% from 2Q 2021).
·   Profit margin: 11% (in line with 2Q 2021).
Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.

CIND.N0000 (Central Industries PLC)