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BALA.N0000 ( BALANGODA PLANTATIONS PLC )
yellow knife- Top contributor
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Join date : 2014-03-27
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yellow knife- Top contributor
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Column1 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
TPL | 4,761,101 | 3,646,837 | 3,318,149 | 2,744,505 | 3,002,624 | 2,772,125 |
HOPL | 2,164,859 | 2,269,092 | 2,220,225 | 2,068,933 | 2,079,720 | 1,781,125 |
KAHA | 3,078,878 | 3,511,912 | 3,001,559 | 2,985,648 | 3,287,672 | 2,733,546 |
NAMU | 2,194,906 | 2,092,782 | 1,818,556 | 1,858,540 | 2,074,678 | 1,516,375 |
KEGALLE | 2,023,911 | 2,414,220 | 2,587,558 | 2,940,027 | 2,991,762 | 2,216,497 |
ELPITIYA | 2,579,265 | 2,782,392 | 2,833,456 | 2,512,971 | 2,601,501 | 2,215,126 |
BOPL | 2,824,297 | 2,763,788 | 2646370 | 2,253,813 | 3,080,590 | 2,960,384 |
FLCH | 6,472,924 | 6,498,670 | 6,243,257 | 5,719,356 | 6,494,783 | 4,885,741 |
UDPL | 1,717,498 | 1,549,968 | 1,612,181 | 1,313,248 | 1,179,279 | 1,390,746 |
BALA | 2,413,055 | 3,002,156 | 3,171,983 | 2,779,742 | 2,659,168 | 2,797,267 |
yellow knife- Top contributor
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Join date : 2014-03-27
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yellow knife- Top contributor
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Join date : 2014-03-27
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Column1 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
TPL | 10.08 | 7.31 | 9.09 | -2.17 | 6.21 | -0.94 |
HOPL | 2.48 | 5.49 | 8.19 | 4.42 | 13.18 | 3.78 |
KAHA | 1.46 | 1.46 | 0.31 | 1.57 | 4.34 | -0.63 |
NAMU | 6.37 | 14.14 | 15.28 | 14.85 | 17.23 | |
KEGALLE | 5.08 | 13.84 | 18.93 | 30.79 | 35.33 | 15.04 |
ELPITIYA | 4.67 | 4.69 | 5.98 | 2.54 | 4.99 | 1.23 |
BALA | -14.52 | -4.03 | 5.61 | 3.90 | 4.82 | 0.98 |
yellow knife- Top contributor
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Join date : 2014-03-27
2016
When I write again on BALA, plantation sector has become attractive. Yet not all companies perform equally. BALA is still lagging behind. Last years performance was studied by me first looking at Net Assets Value. Even now it is in bad shape.
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yellow knife- Top contributor
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slstock- Veteran
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Join date : 2014-06-12
Check some forum posts, messages /emails etc etc .
You name might be everywhere and am sure some people will be searching for you
![Wink](https://2img.net/i/fa/i/smiles/icon_wink.gif)
Anyway, on BALA, I believe this is another plantation that maybe hit by the monsoons/Floods/rain issues.Isn't it in the zone?
Though Assets wise BALA is huge and probably trading at lowest PBV in the sector ( ?), the earning is erratic. Some reasons why didn't run a lot like others I guess.
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yellow knife- Top contributor
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Join date : 2014-03-27
Last three years shows a decline trend.
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Reasons for this down trend within three years as noted in the annual report
1. Drought
2. Restrictions in application for fertilizer
3. Ad hoc ban on pesticides chemicals
Ethical Trader- Top contributor
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Join date : 2014-02-28
yellow knife- Top contributor
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yellow knife- Top contributor
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Even in this situation BALA has failed to report profit while other plantation companies are doing well.
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The reason for this mismatch is justified in annual report stating that even though price has gone up quantity has dropped during that period. It is justifiable as we see in above chart the total output of tea industry in Sri Lanka has come down.
The challenges for tea industry are highlighted in the annual report
1. Steadily increasing cost due to higher wages and input costs
2.Diminishing workforce
3. Withdrawal of fertilizer subsidy
4. Arbitrary band on the use of chemicals
The last two factors can be assigned with imprudent government policies. Diminishing workforce was once mentioned in a Namunukula Annual report ( few years ago) stating that the youth of estates moving to cities seeking Low Paid Highly Designated jobs...
yellow knife- Top contributor
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Unlike tea both prices and quantity was on decline for rubber...
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yellow knife- Top contributor
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Join date : 2014-03-27
Following factors will affect to entire SL plantations specially depending on tea and rubber
1. Oil prices. It has improved from 2014/15 drop and it has positive correlation with rubber. AS many oil exporting nations are our large tea buyers it also affect to tea. Further sanctions imposed on oil exporters by US , EU also affects us. Removal of Iranian sanctions are positive for us.
2. Russia is another larger buyer of SL tea. Lessening of EU sanctions on Russia positively affect us.
Listed companies like TPL recorded massive EPS on last quarter to conceal the accumulative negative EPS for the year. BALA who could not grab that opportunity will find it difficult to report impressive results.
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yellow knife- Top contributor
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Slow and Steady often wins the race
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TPL Net Assets report as 87.32 and BALA as 88.82
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Backstage- Top contributor
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