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Yin-Yang
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Fri May 20, 2016 4:35 pm
A bigger dividend.

Can we expect the same in Earnings?
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Rana
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Interim Financial Statement 31-03-2016

on Fri May 20, 2016 5:16 pm
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CK
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Fri May 20, 2016 5:29 pm
Yin-Yang wrote:A bigger dividend.

Can we expect the same in Earnings?

Yes
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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Fri May 20, 2016 5:46 pm
Message reputation : 100% (1 vote)
The first note of this thread shows that the company was affected by flood in 2006 era..

Now we have to think about future earnings...

Can someone update about affect of flood to poultry sector farms...?

I have concern about future FMCG sector
   1. Increasing taxes shrink disposable income
   2. Flood afftect
   3. If  other necessary food items prices like rice and vegetables go up due to flood effect, that shrink the disposable income of chicken...

Anyway 2015 was really good for FMCG and BFL was one winner of that.
Yin-Yang
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Fri May 20, 2016 6:50 pm
Personal view on New BFL results:

They have reported steady earnings, shows some setting of a long term business growth.

However, it is flat considering short term trend.
So, in my view, the results do not suggest any steep price drop or any aggressive run in the short run.

However, may offer some trading opportunities if the flood causes some panic selling.
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The Alchemist
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Fri May 20, 2016 8:39 pm
Message reputation : 100% (2 votes)
Yin-Yang wrote:Personal view on New BFL results:

However, may offer some trading opportunities if the flood causes some panic selling.

how about "panic buying" ! (the stock, not chicken)

the flood and impact zones have potential to severely restrict supply via disease (bio security), flooding of farms, etc. interesting to find out weather listed company farms have been effected (have not seen any disclosure like LION). a lot of smallholder outgrowers have their farms located in Puttalam & Kurunegala Coconut triangle area. also, we still do know the impact & extent of damage  on the general food supply chain in the next few months. demand on all food stuff will rise due to supply constraints. all the supermarkets are getting cleaned out by the guardian angels for charity purposes for the displaced. the Monsoon is just getting started, so how long will this last ?
Yin-Yang
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Fri May 20, 2016 10:16 pm
The Alchemist wrote:
Yin-Yang wrote:Personal view on New BFL results:

However, may offer some trading opportunities if the flood causes some panic selling.

how about "panic buying" ! (the stock, not chicken)

the flood and impact zones have potential to severely restrict supply via disease (bio security), flooding of farms, etc. interesting to find out weather listed company farms have been effected (have not seen any disclosure like LION). a lot of smallholder outgrowers have their farms located in Puttalam & Kurunegala Coconut triangle area. also, we still do know the impact & extent of damage  on the general food supply chain in the next few months. demand on all food stuff will rise due to supply constraints. all the supermarkets are getting cleaned out by the guardian angels for charity purposes for the displaced. the Monsoon is just getting started, so how long will this last ?

You're demonstrating the thinking pattern of a seasoned player Al. (of course, you are)

If it happens, we should see a 'whipsaw' movement in BFL. (A sharp drop followed by a sharper rise). First, the market will get panicked thinking the industry is badly affected and start selling without thinking twice; followed by the discovery, drop in supply will present higher demands and better margin for the survived suppliers.
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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 8:51 am
Message reputation : 100% (1 vote)
BFL has recorded the best ever year for them and in this forum Small deserve credit for identifying this gem .

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 8:52 am
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Revenue was growing steadily fitting into a straight line of growth.

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 8:53 am
Message reputation : 100% (1 vote)
Net Assets shows a sudden up trend and prudential management of the company since I was studying this company in 2006 has paid dividends for the management.


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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 8:55 am
Message reputation : 100% (2 votes)
Company faced good and bad years in its life and the EPS represent these threat and opportunities

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 8:58 am
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2016 was the third best year for Net Profit Margin

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 9:01 am
The prudent management keeps most of its earnings and pay dividends. It is not a share for dividend hunters yet those who held since 2009 would be happy for dividends as per growth in capital. Thus the management of the company has kept its investors happy.

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Thu Jul 21, 2016 9:04 am
Food and Beverage industry got a good year for 2015/16.

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sashimaal
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Mon Jan 30, 2017 4:24 pm
Message reputation : 100% (1 vote)
Bairaha Farms December profit up 43% over healthy sales
2017-01-30 08:49:23 0 53


Sri Lanka’s pioneer chicken processing firm, Bairaha Farms PLC, posted a net profit of Rs.14.82 cents a share or Rs.237.1 million for the December quarter (3Q17), which generally sees higher sales due to festive demand.
According to the interim financials filed with the Colombo bourse, the poultry firm increased its net profit by as much as 43.2 percent from a year ago on sales of Rs.1.13 billion, which grew by little
under 7percent.
For the nine months ended December 31, 2017, the group made a net profit of Rs.38.48 a share or Rs.615. 7 million, up 36 percent year-on-year (YoY). The sales grew by a healthy 11 percent YoY to Rs.3.26 billion.

Chicken has long been a price controlled item in Sri Lanka. According to analysts, price controls have weakened the local poultry industry’s potential
for growth.

Bairaha Farms CEO Yakooth Naleem sees immense potential to expand the local poultry sector as the per capita poultry consumption is around 9 kilograms—relatively low compared to most of the East Asian countries.The regulations on the poultry industry were further tightened when the budget 2017 said the chicken farmers must sell at least 40 percent of their produce in the ‘whole chicken’ form at the controlled price of Rs.420. Finance Minister Ravi Karunanayake then threatened to import poultry if price controls were not adhered to.
The chicken farmers were earlier selling chicken parts at market prices to bypass the controlled price as they were hit by supply side constraints relating to higher cost of animal feed.

Sourcing of raw materials for animal feed has long been a challenge for Bairaha Farms as well as for the industry in general because animal feed has to be imported at higher prices due to delays in
obtaining permits.

“Our suggestion is to guarantee a mutually-agreed reasonable price to the local maize farmers so that the entire Maha maize crop could be purchased directly by the feed-millers. Thereafter, feed-millers should be permitted to import the balance requirement before the next Maha season, without authorities imposing any undue restrictions,” Bairaha Farms Group Chairman, Prof. M.T.A. Furkhan stated.

Bairaha Farms in June commissioned a new feed-mill as a joint venture. The feed-mill is expected to allow the company to have the total integration in the poultry production operations.

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Future123
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Mon Jan 30, 2017 7:28 pm
The chicken prices in poultry shops been reduced to Rs. Rs. 420/KG. This used to be over Rs. 520/KG in November and December. Similarly, the prices of eggs also reduced considerably. What's the reason for this sudden decrease?

This decrease in prices might have an impact on the bottom lines of GRAN, BFL and TAFL.
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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Jul 11, 2017 5:39 pm
2017

BFL has completed another splendid year.

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Jul 11, 2017 5:40 pm
PAT has remained higher consecutively for last two years.

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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Jul 11, 2017 5:41 pm
Message reputation : 100% (2 votes)
Company reported highest ever EPS extending the FMCG growth...

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CK
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Jul 11, 2017 6:32 pm
Thanks YK. See the sleeping giant? Very Happy
These days less talking chicken and this is the time for me to collect..
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yellow knife
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Oct 31, 2017 9:42 am
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Performance of BFL could not exceed the expectations.

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Column16 Months 20176 Months 2016Variance%
Revenue2,032,084,6572,124,760,428-4.36
Gross Profit491,197,854646,299,852-24.00
Net Profit190,966,689378,551,953-49.55
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malanp
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Oct 31, 2017 7:07 pm
People who sold today are winners..
CK
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Oct 31, 2017 7:16 pm
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malanp wrote:People who sold today are winners..
May be right . This can come down further....may be around 120...
But longterm people can avg down as they will defenitly recover in future .
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seek
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Sun May 27, 2018 10:39 pm
Malanp has been survived. Now BFL at 120. In addition to low consumer demand the sector has to address flood damages as well. Interesting to see next two quarters.
The Invisible
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BFL.N0000 (Bairaha Farms PLC) - Page 2 Empty Re: BFL.N0000 (Bairaha Farms PLC)

on Tue Jun 02, 2020 3:14 pm
Sri Lanka’s Bairaha Farms hit by import embargo on top of Coronavirus

ECONOMYNEXT – Sri Lanka’s Bairaha Farms Plc, a feed-milling and poultry processing group which had already been hit by a Coronavirus crisis has warned of further supply chain disruptions from a self-imposed trade embargo triggered by money printing.

Bairaha Farms, a publicly traded company said disruptions to their activities were ‘quite severe’ during a lockdown imposed to contain a Coronavirus pandemic.

“It has led the company to reluctantly destroy destroy day-old chicks well below the cost,” the firm said in a stock exchange filing.

The firm said the performance would be hit in the March quarter and it will stretch into the first quarter of 2018. However the firm is expecting business to pick up as they are engaged in essential products business.

Meanwhile Sri Lanka has slammed a series of import controls in the style of a self-imposed trade embargo, which is hitting the supply chains of many companies, as money printing led to forex shortages.

One of the items controlled by the government is maize.

With regard to obtaining government approval for the import of maize production by the industry, so far no approval has been granted even though repeated requests have been made to various government authorities,” the firm said.

The Coroanviris pandemic initially resulted in hitting supply chains of some companies involved in importing input from China, but the new trade controls will hit a wider spectrum of firms, including those catering to the domestic economy.

Sri Lanka’s central bank has avoided a credible external anchor by resorting to a discretionary ‘flexible’ exchange rate with a high degree of discretion and also avoided operating a credible domestic anchor with ‘flexible’ inflation targeting.

The framework is driven by call-money-rate-targeting-with-excess-liquidity which analysts say brings balance of payments troubles as soon as domestic credit improves and also threatens the ability to repay foreign loans.


The current import controls with the aid of a law widely used in the 1970s to implement the worst self-imposed trade embargo in post-independent history.

The import control law, along with a mid-night gazette, are tools used to create ad hoc changes to the business environment (regime uncertainty) and disrupt economic activities in the country for decades. (Colombo/June01/2020)
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