CTBL.N0000 ( CEYLON TEA BROKERS PLC)

[yellow knifeTop contributor]

Certain companies clearly mention their dividend payout policy. CTBL is one such. Page 21 of the annual report clearly mention that company policy is to maintain 50% dividend policy out of earning and the balance moved to reserves.

Thus directors have declared an interim payment of 17.5 cents on 24th of April.

It seems holding both ASIY and CTBL is good for a dividend hunter.

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[yellow knifeTop contributor]

CTBL always remained lower in Revenue than ASIY.

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[yellow knifeTop contributor]

By now PAT of both CTBL and ASIY have reached an equal status...

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[yellow knifeTop contributor]

ROE of both ASIY and CTBL move in same direction as both are in same trade.

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[yellow knifeTop contributor]

Net Assets position of ASIY was rather stagnant where CTBL is slowly catching up.

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[yellow knifeTop contributor]

EPS of CTBL has improved

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[Ethical TraderTop contributor]

Thanks YK.

[කිත්සිරි ද සිල්වාTop contributor]

Thanks YK !

(Indeed, a safe bet always. Been there a few times, when it is ready for dividend and exited with small capital gain after X date. Currently not holding) .

[First Guy]

March looked good for CTBL (and ASIY) but when I look at cashflow it is not there. receivables is going up and is financed with overdrafts. Hope it is ok.

YK, I advise not look only at payout. If profit drops dividend also drop along with price like what happened few quarters ago.

Now bounce back (due to good tea business?)

[yellow knifeTop contributor]

Nice to see you.... FG

[ruwan326]

Players started to push this share . Reached 52weeks high today

   
                                               
         Net income
2019        113.35
2018        100.04
2017          41.53
2016          25.94
                 
           EPS
2019       0.62  
2018       0.76  
2017       0.32  
2016       0.20

52 weeks high 3.70
52weeks low 2.40
CMP 3.60

R1->3.70
R2->4.00
R3->4.20
R4->4.50

Still working on Technical analysis, so please do your own if you like to enter

[lanka]

Thanks Ruwan

[ruwan326]

Thanks Ruwan

Due to month end Margin clearance we need to wait little longer(including RAL) , but November going to be early Christmas

[hammurabi]

Players started to push this share . Reached 52weeks high today

   
                                               
         Net income
2019        113.35
2018        100.04
2017          41.53
2016          25.94
                 
           EPS
2019       0.62  
2018       0.76  
2017       0.32  
2016       0.20

52 weeks high 3.70
52weeks low 2.40
CMP 3.60

R1->3.70
R2->4.00
R3->4.20
R4->4.50

Still working on Technical analysis, so please do your own if you like to enter

Dividend

2016 - 0.125
2017 - 0.175
2018 - 0.325
2019 - 0.350

Stable growth in every aspect. Planning to park half of my wealth here

[කිත්සිරි ද සිල්වාTop contributor]

Full-year 2021 earnings released: EPS LK₨0.005 (vs LK₨0.34 loss in FY 2020)

The company reported a solid full-year result with improved earnings and profit margins, although revenues were flat. Full-year 2021 results: Revenue: LK₨693.6m (flat on FY 2020). Net income: LK₨1.00m (up LK₨63.5m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.

[කිත්සිරි ද සිල්වාTop contributor]

Ceylon Tea Brokers

CTBL.N0000

Share Price 7 Day 1 Year 4 -2.4% -9.1% Second-quarter 2022 earnings release: EPS LK₨0.04 (vs LK₨0.004 loss in 2Q 2021) The company reported a strong second-quarter result with improved earnings, revenues and profit margins. Second-quarter 2022 results: ·   Revenue: LK₨216.3m (up 31% from 2Q 2021). ·   Net income: LK₨7.01m (up LK₨7.64m from 2Q 2021). ·   Profit margin: 3.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.

[කිත්සිරි ද සිල්වාTop contributor]

Ceylon Tea Brokers
CTBL.N0000

Share Price 7 Day 1 Year  
4.1        -2.4%         17.1%

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

Third quarter 2022 results:

LK₨0.01 loss per share (up from LK₨0.04 loss in 3Q 2021).

Revenue: LK₨210.4m (up 20% from 3Q 2021).

Net loss: LK₨2.70m (loss narrowed 63% from 3Q 2021).

Revenue was in line with analyst estimates.

Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.

[කිත්සිරි ද සිල්වාTop contributor]

CTBL.N0000

Share Price        7 Day     1 Year  
5.80                  20.8%    41.5%  

Investor sentiment improved over the past week.

After last week's 21% share price gain to LK₨5.80, the stock trades at a trailing P/E ratio of 17.9x.

The average trailing P/E is 13x in the Retail Distributors industry in Sri Lanka.

Total returns to shareholders of 123% over the past three years.

[කිත්සිරි ද සිල්වාTop contributor]

CTBL.N0000
Share Price       7 Day 1 Year  
4.30                 0.0% 4.9%  
 
Second quarter 2023 earnings released: EPS: LK₨0.35 (vs LK₨0.04 in 2Q 2022).


Second quarter 2023 results:
EPS: LK₨0.35 (up from LK₨0.04 in 2Q 2022).
Revenue: LK₨438.7m (up 103% from 2Q 2022).
Net income: LK₨64.4m (up LK₨57.4m from 2Q 2022).
Profit margin: 15% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

CTBL.N0000
Share Price 7 Day 1 Year  
4.10                -6.8% 0.0%  

 
Second quarter 2023 earnings released: EPS: LK₨0.35 (vs LK₨0.04 in 2Q 2022)
Second quarter 2023 results:
EPS: LK₨0.35 (up from LK₨0.04 in 2Q 2022).
Revenue: LK₨438.7m (up 103% from 2Q 2022).
Net income: LK₨64.4m (up LK₨57.4m from 2Q 2022).
Profit margin: 15% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Price-To-Earnings ratio (4.9x) is below the LK market (6.1x).

Earnings grew by 603.2% over the past year

RISK ANALYSIS

Earnings have declined by 14.5% per year over the past 5 years.

Interest payments are not well covered by earnings.

Does not have a meaningful market cap (LKR748M).

Dividend of 8.78% is not well covered.