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Sri Lanka Equity Forum » Stock Market Talk » Ceylon Grain Elevators - A Value Rich Stock

Ceylon Grain Elevators - A Value Rich Stock

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1Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Ceylon Grain Elevators - A Value Rich Stock on Tue May 03, 2016 8:09 am

EquityChamp

EquityChamp
Moderator
Moderator
First topic message reminder :

Principle business activities
Selling of poultry feed & other animal feed, importing & selling of poultry equipment and related drugs, operating of poultry breeder farms, raising grandparent & parent stock, hatching & selling of day old chicks, operation of commercial farms & poultry processing.



Current business affairs
The company performed brilliantly during the year 2015 recording a revenue growth of 19% with a profit attributable to equity holders of Rs 943mn which was the highest in its 30 year history. The revenue performance were heavily influenced by the prevailing strong demand for the poultry related products in the country being the cheapest source of protein



Future outlook
The current demand for the poultry related products seems to be continuing for the next FY ahead while the production drops in nearby countries including India will create opportunities for export income if the company can increase the capacity.



Financial analysis
The stock's ROE has improved drastically but the PER has came down significantly compared to FY 2014. Though the stock's value gap is negative at CMP, it is evident that the share has more room for expansion. More importantly the company now become a more cash rich company as highlighted by the increasing positive gap between EPS & OFCPS



































 20142015
PAT attributable to equity holders80943
Equity28523794
EPS1.315.7
OCFPS1.846.8
PER          30.8            5.2
ROE2.8%28.4%
ROME3.3%19.2%
Value gap0.4%-9.2%
However it has been evident that the company's 2nd largest shareholder, Japfa LTD, is currently in the process of shedding their quantities in the market. They originally held 6mn shares and it has been estimated a further 4.2mn shares remain to shed as at 30th April 2016. Therefore this will create a stagnant effect on GRAN stock price movement and will require some time if the share to reach its true value.


121Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Re: Ceylon Grain Elevators - A Value Rich Stock on Fri Nov 11, 2016 9:13 am

aathi


Stock Analytic
Stock Analytic
EquityChamp,

Thanks & appreciate your good works.

122Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Re: Ceylon Grain Elevators - A Value Rich Stock on Fri Nov 11, 2016 9:17 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@EquityChamp wrote:

So what do you think about my estimate of 350Mn for Q3 Vs the actual 375Mn for Q3. Haven't I told you all that these companies are the followers to follow the path of NEST & CTC.

I am proud that for some reason I can do fairly accurate estimation and I am even proud that I can share those with my friends on time. If you made use of them then I am the happiest man in this forum. Basketball

Good luck.


good one.

today start next chicken run...

any idea...

123Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Re: Ceylon Grain Elevators - A Value Rich Stock on Wed Nov 30, 2016 10:44 pm

EquityChamp


Moderator
Moderator
A bullish pattern reversal was seen on the technical charts today. I estimate an upward move cutting across 95/- mark.

Thanks

124Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Re: Ceylon Grain Elevators - A Value Rich Stock on Wed Apr 26, 2017 10:30 pm

EquityChamp


Moderator
Moderator
GRAN is another stock that didn't move with the earnings. Will the renewed market sentiment can push the share in coming weeks or months.

125Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Re: Ceylon Grain Elevators - A Value Rich Stock on Thu Apr 27, 2017 9:39 am

dow


Manager - Equity Analytics
Manager - Equity Analytics
GRAN short term target 100/-

126Ceylon Grain Elevators - A Value Rich Stock - Page 4 Empty Re: Ceylon Grain Elevators - A Value Rich Stock on Thu Apr 27, 2017 10:01 am

Lucky Gamage

Lucky Gamage
Manager - Equity Analytics
Manager - Equity Analytics
My god.. Blood suckers are active in the forum again,, i request from retail investors don't believe these suckers.. they may have grabbed these shares at very bottom in past few month and now giving the target price they try to unload all these to retailers heads.... Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad

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