Re: CIND.N0000 (Central Industries PLC)

[yellow knifeTop contributor]

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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[yellow knifeTop contributor]

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 .

[RanaTop contributor]

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[The AlchemistTop contributor]

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This is for 6 months ending 30th sep 2016.

[Future123Active Member]

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

[Senarath67]

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