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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
BALA.N0000 ( BALANGODA PLANTATIONS PLC ) EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    BALA.N0000 ( BALANGODA PLANTATIONS PLC )

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    Post by yellow knife Thu Jun 02, 2016 10:19 am

    Plantation sector is not performing well. Yet we never thought that it must be so bad to eat into the Net Asset Base developed over years. At BALA. , that is happening..

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    Post by yellow knife Thu Jun 02, 2016 10:22 am

    Revenue of BALA shows a drop.

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    Column1201520142013201220112010
    TPL4,761,1013,646,8373,318,1492,744,5053,002,6242,772,125
    HOPL2,164,8592,269,0922,220,2252,068,9332,079,7201,781,125
    KAHA3,078,8783,511,9123,001,5592,985,6483,287,6722,733,546
    NAMU2,194,9062,092,7821,818,5561,858,5402,074,6781,516,375
    KEGALLE2,023,9112,414,2202,587,5582,940,0272,991,7622,216,497
    ELPITIYA2,579,2652,782,3922,833,4562,512,9712,601,5012,215,126
    BOPL2,824,2972,763,78826463702,253,8133,080,5902,960,384
    FLCH6,472,9246,498,6706,243,2575,719,3566,494,7834,885,741
    UDPL1,717,4981,549,9681,612,1811,313,2481,179,2791,390,746
    BALA2,413,0553,002,1563,171,9832,779,7422,659,1682,797,267
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    Post by yellow knife Thu Jun 02, 2016 10:24 am

    Revenue was going down since 2013 reaching the peak.

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    Post by yellow knife Thu Jun 02, 2016 10:25 am

    EPS is showing  massive negatives...

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    Column1201520142013201220112010
    TPL10.087.319.09-2.176.21-0.94
    HOPL2.485.498.194.4213.183.78
    KAHA1.461.460.311.574.34-0.63
    NAMU6.3714.1415.2814.8517.23
    KEGALLE5.0813.8418.9330.7935.3315.04
    ELPITIYA4.674.695.982.544.991.23
    BALA-14.52-4.035.613.904.820.98
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    Post by yellow knife Mon Jun 05, 2017 7:33 am

    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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    Post by yellow knife Mon Jun 05, 2017 7:35 am

    When all others seems to be performing well BALA is struggling .

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    Post by slstock Mon Jun 05, 2017 11:32 am

    Good to see you YK.
    Check some forum posts, messages /emails etc etc .
    You name might be everywhere and am sure some people will be searching for you Wink


    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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    Post by yellow knife Mon Jun 05, 2017 3:07 pm

    Sri Lankan tea production was moving around an average of 320 Million Kilograms per annum.

    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
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    Post by Ethical Trader Mon Jun 05, 2017 5:45 pm

    Thanks YK.
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    Post by yellow knife Tue Jun 06, 2017 7:17 am

    Following chart shows that BALA is struggling in Revenue though it has reduced the loss.

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    Post by yellow knife Tue Jun 06, 2017 7:29 am

    Colombo Tea Auction prices shows that 2016 reporting higher values compared to year 2015.

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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...
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    Post by yellow knife Tue Jun 06, 2017 7:40 am

    Rubber production of the country is also in a steep declining trend.

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    Unlike tea both prices and quantity was on decline for rubber...

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    Post by yellow knife Tue Jun 06, 2017 8:22 am

    2017 outlook

    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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    Post by yellow knife Tue Jun 06, 2017 8:30 am

    Net Assets position of BALA as mentioned above by SLS may be attractive but remember the company records negative EPS while all the others enjoy positive EPS

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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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    Post by Backstage Tue Jun 06, 2017 11:40 pm

    Thanks YK, looks like the spectacles are working well. Cool

      Current date/time is Sun Jun 16, 2024 12:52 am