Re: VPEL.N0000 (Vallibel Power Erathna PLC)

[කිත්සිරි ද සිල්වාTop contributor]

VPEL - Sudden interest. Anything in the grapevine?  
Best Bid: 6.50
Best Ask: 6.60
Last Trade: 6.50
High: 6.60
Low: 6.40
Avg Price: 6.46
Volume: 463,762
Turnover: 2,994,201.80
Net Change: 0.20
Trade: 82

[slstockVeteran]

VPEL - Sudden interest. Anything in the grapevine?  

As I am still here,  I will answer.

1) VPEL report out and earnings are up for this quarter.
So today reaction is natural.

But also note 9 month earning for this year are almost flat.



2) From the long time I know you Kithsiri, usually when you ask
"Anything in the grapevine?" you mean only one thing.

You mean is  there a dividend coming right?

Well a dividend is due .
But am not sure it is wise to pay out a dividend before April 2020

[කිත්සිරි ද සිල්වාTop contributor]

Thanks.
At least 50 cents, will not a bad offer.  

VPEL - Sudden interest. Anything in the grapevine?  

As I am still here,  I will answer.

1) VPEL report out and earnings are up for this quarter.
So today reaction is natural.

But also note 9 month earning for this year are almost flat.

2) From the long time I know you Kithsiri, usually when you ask
"Anything in the grapevine?" you mean only one thing.

You mean is  there a dividend coming right?

Well a dividend is due .
But am not sure it is wise to pay out a dividend before April 2020

[කිත්සිරි ද සිල්වාTop contributor]

VALLIBEL POWER ERATHNA PLC CORPORATE DISCLOSURE

[කිත්සිරි ද සිල්වාTop contributor]

Vallibel Power Erathna

VPEL.N0000

Share Price 7 Day I Year 8.7 2.4 % 45 %   First quarter 2022 earnings released: EPS LK₨0.33 (vs LK₨0.12 in 1Q 2021) The company reported a strong first-quarter result with improved earnings, revenues and profit margins. First-quarter 2022 results: ·  Revenue: LK₨375.4m (up 54% from 1Q 2021). ·  Net income: LK₨247.8m (up 184% from 1Q 2021). ·  Profit margin: 66% (up from 36% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.

[First Guy]

There is a lot of interest on VPEL I noticed citing the high dividends. But high dividends was never a new thing for VPEL. Last quarter high profit is due to good rainfall in the country. That should theoretically increase the price by only 21cents.

If you look at dividend yield you must note that two other plants ppa will also expire in years to come so the dividends can't be maintained beyond.

But there are other avenues to grow for VPEL even without stopping dividend because of strong balance sheet.

[BackstageTop contributor]

"But there are other avenues to grow for VPEL " Do you mean diversification ?

[First Guy]

"But there are other avenues to grow for VPEL "  Do you mean diversification ?

I think there is limited scope for new hydro plants. So yes why not other sources? 
This is from annual report but will they do it?

"We optimise the operational efficiencies of existing assets to give high returns and acquire new renewable energy opportunities that create shareholder wealth"

[BackstageTop contributor]

"But there are other avenues to grow for VPEL "  Do you mean diversification ?

I think there is limited scope for new hydro plants. So yes why not other sources? 
This is from annual report but will they do it?

"We optimise the operational efficiencies of existing assets to give high returns and acquire new renewable energy opportunities that create shareholder wealth"

Maybe solar or wind.

[කිත්සිරි ද සිල්වාTop contributor]

[url=https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=10968&type=CASH DIVIDEND]Dividend Announcement[/url]

[කිත්සිරි ද සිල්වාTop contributor]

Vallibel Power Erathna


VPEL.N0000
Share Price 7 Day 1 Year  
8.9          1.1% 11.3%  

 
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations,

Third quarter 2022 results:

EPS: LK₨0.40 (up from LK₨0.24 in 3Q 2021).

Revenue: LK₨421.8m (up 30% from 3Q 2021).

Net income: LK₨298.8m (up 66% from 3Q 2021).

Profit margin: 71% (up from 55% in 3Q 2021). 

The increase in margin was primarily driven by higher revenue.

Revenue was in line with analyst estimates.

Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.

[කිත්සිරි ද සිල්වාTop contributor]

VPEL.N0000
Share Price 7 Day 1 Year  
6.70 0.0% -25.6%  

 
Second quarter 2023 earnings released: EPS: LK₨0.28 (vs LK₨0.31 in 2Q 2022)
Second quarter 2023 results:
EPS: LK₨0.28 (down from LK₨0.31 in 2Q 2022).
Revenue: LK₨325.5m (down 22% from 2Q 2022).
Net income: LK₨208.8m (down 11% from 2Q 2022).
Profit margin: 64% (up from 56% in 2Q 2022). The increase in margin was driven by lower expenses.
Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.