The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
CSE NEWS+ 2022Thu May 26, 2022 5:40 pmruwan326
Will CSE close for long period?Mon Apr 18, 2022 11:52 amHUNTER
Margin Trading Facility Fri Feb 18, 2022 12:02 pmpjrngroup
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:42 pm
Message reputation : 100% (6 votes)
Elpitiya Plantations belong to Aitken Spence Plantations Management PLC (61.64%) and Aitken Spence Plantations Management PLC is one on the most illiquid company listed.

Company is developing six pillars of revenue namely tea, rubber, Palm Oil, Hydro Power, Tea exports and commercial forestry.

Company strategically thinking to break loose from commodity trap and place the company on a platform that does not depend on weather and fluctuating commodity prices and hence diversify the operations.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:43 pm
Message reputation : 100% (1 vote)
Revenue of the company is almost in the same line with other  plantations and moving with the herd.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:47 pm
Message reputation : 100% (3 votes)
EPS in comparison with other plantation companies

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:49 pm
Message reputation : 100% (3 votes)
EPS of the company was maintained at 4 for 2015 but its ability to maintain the same for next year will be challenging as seen across the industry.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:50 pm
Message reputation : 100% (1 vote)
PE ratio was continuously at a low level

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:51 pm
Message reputation : 100% (2 votes)
Dividend per share is not yet broken Rs 1.00 mark and as per first quarter report released its difficult to believe that barrier will be broken in next year.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:53 pm
Message reputation : 100% (3 votes)
Sometimes you find Nonsense relationships among two variables..

Market value and net assets per share normally move hand in hand but this is an exceptional behaviour

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:58 pm
Message reputation : 100% (2 votes)
Noteworthy achievements during 2014/15. Palm Oil , low country ta and tea in the Pussellawa regions recorded remarkable results.

New Peacock Estate in Pussllawa achieved the highest ever yield of 3008 kg/ha  in Sri Lanka in the large estate category .
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:02 pm
Message reputation : 100% (4 votes)
Hydro Power project has contributed 4,460 KW to the grid. Four more hydro-power projects in the pipeline . Other renewable energy generations sources are also under study including Wind, Solar, Biogas and currently initiated discussions for  a biogas generation project with a company which will be powered with POMPE ( Palm Oil Mill Effluent).
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:03 pm
Message reputation : 100% (3 votes)
Eco Tourism is in the demand and many plantation companies are considering the possibility. ELPL is also considering that and Agar Wood to add revenue in future.
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:09 pm
Message reputation : 100% (2 votes)
When challenge faced by all estates is shrinking work force. ELPL states that they are considering steps to mechanize the estate operations.

However i like to quote following

The fruits in oil palm bunches ripen unevenly  and have to be surgically  cut out at least every ten days to avoid rotting  and pest infestation. Engineers have never been able to mechanize the task and the work can only be done by hand. (54. How Asia Works)

Further elevation level of our tea estates make it difficult to mechanize the pruning process
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:13 pm
Message reputation : 100% (1 vote)
I am a believer of subsidizing agriculture and following is quoted from p.4 of ELPL annual report 2015

We are grateful to the Government for continuing the fertilizer subsidy. the record yields we have achieved in our plantations without doubt is due to this support from the government and this has helped all stake holders to reap its benefits.
avatar
Defender
Posts : 57
Join date : 2015-03-30
Location : Colombo

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:36 pm
Cool! Easily digestable Data! thanks a lot.
slstock
slstock
Veteran
Veteran
Posts : 6216
Join date : 2014-06-12

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:43 pm
Message reputation : 100% (2 votes)
This trend started in plantation sector as their cost of production was increasing for tea,rubber while market prices were not increasing proportionately /sufficiently ( actually it even dropped in rubber) .



yellow knife wrote:Sometimes you find Nonsense relationships among two variables..

Market value and net assets per share normally move hand in hand but this is an exceptional behaviour

[You must be registered and logged in to see this image.]

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------
pathfinder
pathfinder
Top contributor
Top contributor
Posts : 1450
Join date : 2014-02-23

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 6:26 pm
Thanks YK + Very Happy
avatar
serene
Top contributor
Top contributor
Posts : 4850
Join date : 2014-02-26

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 7:43 pm
Thanks YK.
avatar
Nuinth
Top contributor
Top contributor
Posts : 555
Join date : 2014-02-28
Location : Universe

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 10:02 pm
Thx YK. Good job +.
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:29 pm
Message reputation : 100% (1 vote)
2015/16

2015/16 was not a good year for Plantation sector.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:30 pm
Message reputation : 100% (1 vote)
EPS fell down substantially with commodity price drop.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:31 pm
Message reputation : 100% (1 vote)
Having a lower PE ratio does not always mean the share is attractive as future income is the important factor.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:32 pm
Message reputation : 100% (1 vote)
Not all plantations can pay dividends..

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:33 pm
Message reputation : 100% (1 vote)
Net Assets and Market share move in opposite directions in plantation sector.

[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:36 pm
Message reputation : 100% (1 vote)
[You must be registered and logged in to see this image.]
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 01, 2017 9:02 am
2017

ELPL  can be proud of the year ended and following grid is proudly presented in their annual report.


Descritpion20172016Increase %
Turnover3,009,791.002,444,426.0023
Gross Profit607,401.00175,312.00246
PAT463,289.00219,812.00111
Income Tax Expense-43,452.00-24,270.0079
Current Assets639,454.00480,868.0033
Shareholders Funds3,912,787.003,393,732.0015
EPS5.772.69114
Dividends1.000.50100
Net Assets P/S53.7046.5715
ROE15.218.4181
avatar
yellow knife
Top contributor
Top contributor
Posts : 6956
Join date : 2014-03-27

ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 01, 2017 9:04 am
Revenue of ELPL as well as its PAT has reversed the downward trend experience for some time.

[You must be registered and logged in to see this image.]
Back to top
Permissions in this forum:
You cannot reply to topics in this forum