Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1135 ]
27% 27% [ 423 ]

Total Votes : 1558

Latest topics
» Will JKH touch Rs. 180
by worthiness Today at 9:08 pm

» DONT SELL LIOC
by Ran49 Today at 8:37 pm

» My 6th year celebration in sri lanka equity forum
by Teller Today at 8:22 pm

» ENTRUST SECURITIES PLC
by worthiness Today at 4:19 pm

» foreigners-active-analysts CSE
by predictor Today at 2:07 pm

» Much-awaited-fuel-pricing-formula-on-the-cards
by predictor Today at 12:48 pm

» AINV............1.20
by ddrperera Today at 11:36 am

» JKH - FOREIGNERS RESORT TO DUMP & PUMP!
by samaritan Today at 9:49 am

» AINV.N Starts again ?
by ruwan326 Today at 8:38 am

» RAL with Max Profit.....
by Be Rich Today at 12:24 am

» TAP TAP TAP .......9+++++++++
by ddrperera Yesterday at 11:38 pm

» KZOO WHO IS THE SELLER?
by ddrperera Yesterday at 11:30 pm

» plantation shares.....
by Ran49 Yesterday at 9:12 pm

» Buy TKYO - will be 100
by sharemarket Yesterday at 8:11 pm

» Palmgarden hotel
by gamagevidana Yesterday at 6:20 pm

» How 2 1/2 Years of increased taxation by 'Adooradarshipalanaya' has slowed down the Economy and how the new proposed taxation will further bring down our economy
by samaritan Yesterday at 11:47 am

» Dividend දෙන ශේයර්ස්
by saliya1000 Yesterday at 9:11 am

» CIFL.N flying
by fortuneteller Yesterday at 7:15 am

» CITH AMALGAMATION....
by dsam Fri Jul 21, 2017 11:22 pm

» AAF & CIFL.
by soileconomy Fri Jul 21, 2017 9:49 pm

» PCHH @ 0.90
by dow Fri Jul 21, 2017 6:02 pm

» AINV.N playing like crazy
by Neluka Karannagoda Fri Jul 21, 2017 10:31 am

» When Market drops higher foreign purchases
by prabath Fri Jul 21, 2017 8:11 am

» CIFL......
by sameboy Thu Jul 20, 2017 9:55 pm

» REEF future
by Ran49 Thu Jul 20, 2017 9:21 pm

» CSEC and CFVF
by monash Thu Jul 20, 2017 2:37 pm

» Soy- nobody spoke about
by reyaz Thu Jul 20, 2017 2:07 pm

» What is the situation of PCP.N ?
by Neluka Karannagoda Thu Jul 20, 2017 10:21 am

» LLUB any news?
by thankrishan Thu Jul 20, 2017 8:56 am

» JKH Uptrend
by Teller Wed Jul 19, 2017 8:32 pm

» RICH share price is up from 4th July.
by Teller Wed Jul 19, 2017 8:07 pm

» MTD WALKERS (KAPI.N) TO HIT 40 OR HIGHER
by reyaz Wed Jul 19, 2017 7:09 pm

» Sri Lanka: HNB Bank Accidentally leaks out Priority Customers List in Email - Facebook Post form Official HNB Page
by reyaz Wed Jul 19, 2017 7:03 pm

» ASPI 7000 - VERY SOON
by reyaz Wed Jul 19, 2017 6:49 pm

» sirasa news 1st(16.09.2011)_Dr.Harsha_about manipulators
by reyaz Wed Jul 19, 2017 6:37 pm

» Good News regarding Dengue
by Neluka Karannagoda Wed Jul 19, 2017 1:30 pm

» SELL ALUM SHARES IMMEDIATELY..
by sakuni Wed Jul 19, 2017 12:43 pm

» asi going down.....
by nigma Wed Jul 19, 2017 12:35 pm

» මුංගෙ පවුල් පිටින් හෙණ ගහල මළත් මදී....
by kalu_mahaththaya Wed Jul 19, 2017 11:56 am

» Sri Lanka President battles to keep coalition, ultimatum backfires
by reyaz Wed Jul 19, 2017 9:11 am

» COTTON PRICES going down after the bullishness ..... GOOD For MGT/TJL
by kcrRanz Wed Jul 19, 2017 8:52 am

» Please give your comments
by deli Wed Jul 19, 2017 7:31 am

» MADU .......
by ru1ru1 Tue Jul 18, 2017 11:49 pm

» KZOO.N0000 Will Rise Up
by fortuneteller Tue Jul 18, 2017 8:58 pm

» The Finance Company ----TFC........???
by Teller Tue Jul 18, 2017 8:01 pm

» could the stock broker block my acc....
by Teller Tue Jul 18, 2017 7:58 pm

» HEXP next run
by anges Tue Jul 18, 2017 7:19 pm

» ABANS Unfair Offer Price
by Wimal Modawansa Tue Jul 18, 2017 6:51 pm

» CITW converted share
by Eugine Fernando Tue Jul 18, 2017 2:38 pm

» Top global fund manager upbeat on Sri Lanka’s future prospects
by worthiness Tue Jul 18, 2017 1:47 pm

» BFN DIVIDENT Announced !!!!!
by ruwan326 Tue Jul 18, 2017 1:09 pm

» Mr Saman vs HARI
by ruwan326 Tue Jul 18, 2017 10:55 am

» LIOC Future in AUGUST
by thankrishan Tue Jul 18, 2017 9:41 am

» IMF APPROVES $167.2MILLION
by Yahapalanaya Tue Jul 18, 2017 9:24 am

» TO ADMIN: How can unlock the login
by Ran49 Mon Jul 17, 2017 9:32 pm

» BFN 18+ guaranteed
by Maharaja Mon Jul 17, 2017 8:32 pm

» GEMS in AUGUST & SEPTEMBER
by Ran49 Mon Jul 17, 2017 8:25 pm

» BLI's wife - BFN
by Maharaja Mon Jul 17, 2017 5:02 pm

» LIOC - NAV Rs. 40/=
by thankrishan Mon Jul 17, 2017 2:58 pm

» Any news of trading halt or suspension of AINV.N ?
by Neluka Karannagoda Mon Jul 17, 2017 11:36 am

» TB Rates ....
by Vacations To Sri Lanka Mon Jul 17, 2017 9:03 am

» NEXT BOOM ODEL TRAGET PRICE 35..FOREIGN PARTY ATTRACTION...
by soileconomy Mon Jul 17, 2017 7:15 am

» Will HARRY JAYAWARDENA lose his entire business helm
by soileconomy Mon Jul 17, 2017 7:05 am

» CSE BULL UNDER YAHAPALANAYA
by predictor Mon Jul 17, 2017 12:02 am

» LEASING GIANT PLC WITH NEW MANAGEMENT...TARGET PRICE 20
by ddrperera Sun Jul 16, 2017 10:49 pm

» H. Port in the Queue now.......
by stockback Sat Jul 15, 2017 9:43 pm

» DPL..........WINNERS CAN buy............!
by Teller Sat Jul 15, 2017 4:44 pm

» ABANS FINANCE UNDER INVESTIGATION BY CSE AND SEC?
by fortuneteller Sat Jul 15, 2017 12:11 pm

» TILE Sector
by bonbon Fri Jul 14, 2017 8:55 pm

» Market 40 points up
by prabath Fri Jul 14, 2017 4:51 pm

» Commodities & Indices Trading In Sri Lanka made easy by forex4srilanka
by forex4srilanka Fri Jul 14, 2017 1:44 pm

» Sri Lanka Royal Ceramics increasing production of porcelain tiles
by Harry82 Fri Jul 14, 2017 12:07 pm

» LOFC Chart 28.04.2017 (weekly chart)
by stockback Fri Jul 14, 2017 10:23 am

» KZOO-Be Careful
by fortuneteller Fri Jul 14, 2017 9:56 am

» VONE will Hit Soon with Anual Report
by Elahara Fri Jul 14, 2017 7:42 am

» Super news for Market RUN
by Maharaja Thu Jul 13, 2017 11:12 pm

» Apla is very attractive
by predictor Thu Jul 13, 2017 9:32 pm

» Is Tess most benifited company under the GSP+ .
by buddikasmart Thu Jul 13, 2017 1:49 pm

» 1 GIGA data missing.
by buddikasmart Thu Jul 13, 2017 1:33 pm

» VEHICLE PRICE BUDGET
by D.G.Dayaratne Thu Jul 13, 2017 12:07 pm

» GRAN VS TELLER
by Deen79 Thu Jul 13, 2017 9:24 am

» WORLD BANK SUPPORT
by Maharaja Thu Jul 13, 2017 8:14 am

» What will happned to REEF after RESTRUCTURED
by Ran49 Wed Jul 12, 2017 8:50 pm

» TAFL future
by DS Wijesinghe Wed Jul 12, 2017 8:31 pm

» BOPL N future share price.................................................................................
by kjojo Wed Jul 12, 2017 8:26 pm

» e-channeling price is very attractive
by Teller Wed Jul 12, 2017 7:48 pm

» DOCKYARD eka mokada wenne??
by Teller Wed Jul 12, 2017 7:39 pm

» CFVF Vs CSEC....
by kcrRanz Wed Jul 12, 2017 2:24 pm

» RHL HAS POTENTIAL FOR SUBSTANTIAL APPRECIATION
by samaritan Wed Jul 12, 2017 9:53 am

» RENUKA CAPITAL PLC-Fomer KZOO
by fortuneteller Wed Jul 12, 2017 9:33 am

» KZOO.N STAY AWAY TILL 13th JULY
by fortuneteller Wed Jul 12, 2017 9:32 am

» Net Foreign Inflows Hit a New High
by Investor1994 Wed Jul 12, 2017 6:56 am

» NDB Securities expects FMCG sector to continue to grow, albeit at a slower pace
by ONTHEMONEY Tue Jul 11, 2017 2:37 pm

» AINV.N starts its game
by Neluka Karannagoda Tue Jul 11, 2017 1:43 pm

» More money coming to CSE
by Elahara Tue Jul 11, 2017 9:09 am

» CITK TRADING SUSPENDED - WHY?
by Elahara Tue Jul 11, 2017 9:06 am

» NEXT WEEK RUNNING SHARES
by Elahara Tue Jul 11, 2017 9:05 am

» Net foreign inflows hit new record
by worthiness Tue Jul 11, 2017 7:29 am

» Banking sector growth forcast...
by Teller Tue Jul 11, 2017 12:46 am

Ceylon Grain Elevators - A Value Rich Stock

Page 3 of 5 Previous  1, 2, 3, 4, 5  Next

View previous topic View next topic Go down

Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Tue May 03, 2016 8:09 am

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.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down


Re: Ceylon Grain Elevators - A Value Rich Stock

Post by hotstock on Fri Jun 03, 2016 11:17 am

MACD is trending bullish

hotstock
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 242
Join date : 2011-01-27

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Fri Jun 03, 2016 11:33 am

I said in advance that the price can come down but if do then good to collect. Within less than 10 days it is back to the place where it was. This was a good investment/trading opportunity for both short-term as well as long-term investors.

EquityChamp
Moderator

Posts : 3657
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by jaya on Fri Jun 03, 2016 1:22 pm

@EquityChamp wrote:I said in advance that the price can come down but if do then good to collect. Within less than 10 days it is back to the place where it was. This was a good investment/trading opportunity for both short-term as well as long-term investors.

If Grain breaks resistant level 80.00, categorically BFL and TAFL will follow the same.

jaya
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 280
Join date : 2011-01-25

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by Brinthan on Fri Jun 03, 2016 5:53 pm

All technical indicaters including daily indicater recommend to Strong buy...The clear message is coming from Technical indicaters..Now we can enter this share...


RSI Now move to 58 from 30...

All indicaters are possitive and this is the ideal time to enter this share..

Brinthan
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 330
Join date : 2015-12-29

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Fri Jun 03, 2016 7:29 pm

You have to watch for the resistanse level as well dear. 80/82 is the resistance level for this stock. If it can be breached with a volume of over 1mn shares then sure halt of 100/-.

EquityChamp
Moderator

Posts : 3657
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by Brinthan on Fri Jun 03, 2016 7:46 pm

EC SIR why u told 82 is the resistance level for GRAN...because of the past movements of this share or any the method..???
avatar
Brinthan
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 330
Equity Stars : 956
Reputation : 14
Join date : 2015-12-29
Age : 100
Location : Srilanka

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Fri Jun 03, 2016 7:55 pm

Yes. If you closely analyse the historical stock graph then you can see GRAN tried to break this level and move beyond but volumes were not that great hence it has fallen several times back to 70s.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by Suranga malli on Sat Jun 04, 2016 9:02 am

@Suranga malli wrote:
@nimantha80 wrote:
@nimantha80 wrote:tafl 100 to 126.Gran stuck at 80.Just rotate GRAN people.This is simple logic.
GRAN kattiyata dan baba hambuna neda GRAN 74.TAFL 124 still
Hambuna baba tika tika lokuwenna kalayak yanawanne...E wage Gran ekkath tika tika thamai udata yanne...
Malli kohamada baba lokuwunne...Thama baba olkuwenna thiyennawa...Wait n see...
avatar
Suranga malli
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 344
Equity Stars : 808
Reputation : 5
Join date : 2016-05-04

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Tue Aug 02, 2016 10:12 am

Grain seems to have established a new support line arround 78/- as oppose to previous 70-72 levels. It's good to gave a stedy move but slow one.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Wed Aug 03, 2016 10:01 pm

Well, Q2 results are out with a revenue of 3537 mn and PAT of 350mn. Though this result is some what below my expectation it confirms that even within challenges this company can stand strong and I estimate still GRAN will surpass the profits achieved in 2015 by a minimum of 40%.

If I summarise what has happened with GRAN from Q1 to Q2 it would be like this.
 
Rs mnQ1 16Q2 16Q2 15QoQYoY
Rev366335373135-3%13%
GP620530355  
GP margin17%15%11%  
PBT506457230-10%99%
TAX8610729  
Effective tax rate17%23%13%  
YoY both revenue and profits grew remarkably however QoQ revenue drop by 3% and PBT drop by 10%. Why?
I anyway anticipated the QoQ revenue drop due to adverse whether prevailed in the country. The PBT decline is mainly due to revenue drop, escalating costs from raw materials and exchange rates resulting a 2pp drop in gross margins and increase in effective corporate tax rates to 23%.

This adverse situation will improve in next quarter due to following.
a) Stabilizing exchange rates (July already witnessed LKR appreciation)
b)Increase in maximum price of 1kg of chicken by Rs30 will improve the gross margins by 5 percentage points
c)demand shift from small scale players who are unable to sell at Rs410 towards branded chicken will boost the revenue in coming quarter

Now its very much certain that current performances are not similar to what this company demonstrated in 2010-11 period but it has more promising future. Moreover the retained earnings now standing at Rs3.3 bn with over 1.5bn as cash hence a good offering may be possible such as bonus issues and higher dividends. Therefore my general advice is keep holding your GRAN holdings and if the price fall below 75 level BUY some more quantity.




Quoting from CEO statement;
"The good results came from the sustained growth in revenue and efficient management, in spite of the challenges posted by  fluctuating exchange rates,  high cost of local maize, increase in taxes and adverse climatic conditions. The recent upward revision in the Maximum Retail Price of whole chicken with effect from 14 July 2016, would  help the Industry to cover the escalating cost of production to a certain extent

Thanks till the next quarter.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by newer1 on Wed Aug 03, 2016 10:27 pm

Next report definitely will be worse than this one with ongoing production failure.better to exit with chickens.
Thnks

newer1
Senior Equity Analytic
Senior Equity Analytic

Posts : 91
Equity Stars : 573
Reputation : 0
Join date : 2016-04-23

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by stockback on Wed Aug 03, 2016 10:35 pm

@newer1 wrote:Next report definitely will be worse than this one with ongoing production failure.better to exit with chickens.
Thnks


සත්ව ආහාර නිෂ්පාදනය සඳහා පමණක් බඩ ඉරිඟු ආනයනය කිරීමට අවසර ලබාදෙන බව මුදල් අමාත්‍යංශය පවසයි.

නිවේදනයක් නිකුත් කරමින් එම අමාත්‍යංශය පවසන්නේ ජීවන වියදම පිළිබඳ අමාත්‍ය මණ්ඩල අනු කමිටුව මගින් මෙම තීරණයට එළැඹ ඇති බවයි.

කුකුල් මස් නිෂ්පාදන වියදම ඉහළ යෑම වැළැක්වීමේ පියවරක් ලෙස සත්ව ආහාර නිෂ්පාදනයට අවශ්‍ය බඩ ඉරිඟු ආනනයනයට අවසර ලබාදෙන බව එම අමාත්‍යංශය පවසයි.

කිලෝග්රෑ මයක් රුපියල් 52යි ශත50 බැගින් සතොස හරහා මිල දී ගෙන රුපියල් 45ක සහන මිලක් යටතේ සත්ව ආහාර නිෂ්පාදකයින් හට  බඩ ඉරිඟු තොග ලබාදීමටද පියවර ගන්නා බව එම අමාත්‍යංශය පෙන්වාදෙයි.

පසුගිය දා කුකුලු මස් නිෂ්පාදන සඳහා රජය පාලන මිලක් නිකුත් කළද එම මිලට කුකුලු මස් නිෂ්පාදන අලෙවි කල නොහැකි බවට ව්‍යාපාරිකයින් ප්‍රකාශ ඉදිරිපත් කරන ලදී.

කෙසේවෙතත් පාලන මිල උල්ලංඝණය කරමින් භාණ්ඩ අළෙවි කරන වෙළදුන් සොයා තවදුරටත් වැටලීම් සිදුකිරීම පිළිබදව ද, අමාත්‍ය මණ්ඩල අනු කමිටුවේ අවධානය යොමු වූ බව මුදල් අමාත්‍යංශය පවසයි.

http://sinhala.adaderana.lk/news/62707/%E0%B7%83%E0%B6%AD%E0%B7%8A%E0%B7%80-%E0%B6%86%E0%B7%84%E0%B7%8F%E0%B6%BB-%E0%B7%84%E0%B6%AF%E0%B6%B1%E0%B7%8A%E0%B6%B1-%E0%B6%B6%E0%B6%A9-%E0%B6%89%E0%B6%BB%E0%B7%92%E0%B6%9F%E0%B7%94-%E0%B6%9C%E0%B7%99%E0%B6%B1%E0%B7%8A%E0%B7%80%E0%B6%B1%E0%B7%8A%E0%B6%B1-%E0%B6%85%E0%B7%80%E0%B7%83%E0%B6%BB%E0%B6%BA%E0%B7%92

stockback
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2632
Equity Stars : 6127
Reputation : 48
Join date : 2012-02-19

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by stockback on Wed Aug 03, 2016 10:50 pm

@EquityChamp wrote:Well, Q2 results are out with a revenue of 3537 mn and PAT of 350mn. Though this result is some what below my expectation it confirms that even within challenges this company can stand strong and I estimate still GRAN will surpass the profits achieved in 2015 by a minimum of 40%.

If I summarise what has happened with GRAN from Q1 to Q2 it would be like this.
 
Rs mnQ1 16Q2 16Q2 15QoQYoY
Rev366335373135-3%13%
GP620530355  
GP margin17%15%11%  
PBT506457230-10%99%
TAX8610729  
Effective tax rate17%23%13%  
YoY both revenue and profits grew remarkably however QoQ revenue drop by 3% and PBT drop by 10%. Why?
I anyway anticipated the QoQ revenue drop due to adverse whether prevailed in the country. The PBT decline is mainly due to revenue drop, escalating costs from raw materials and exchange rates resulting a 2pp drop in gross margins and increase in effective corporate tax rates to 23%.

This adverse situation will improve in next quarter due to following.
a) Stabilizing exchange rates (July already witnessed LKR appreciation)
b)Increase in maximum price of 1kg of chicken by Rs30 will improve the gross margins by 5 percentage points
c)demand shift from small scale players who are unable to sell at Rs410 towards branded chicken will boost the revenue in coming quarter

Now its very much certain that current performances are not similar to what this company demonstrated in 2010-11 period but it has more promising future. Moreover the retained earnings now standing at Rs3.3 bn with over 1.5bn as cash hence a good offering may be possible such as bonus issues and higher dividends. Therefore my general advice is keep holding your GRAN holdings and if the price fall below 75 level BUY some more quantity.




Quoting from CEO statement;
"The good results came from the sustained growth in revenue and efficient management, in spite of the challenges posted by  fluctuating exchange rates,  high cost of local maize, increase in taxes and adverse climatic conditions. The recent upward revision in the Maximum Retail Price of whole chicken with effect from 14 July 2016, would  help the Industry to cover the escalating cost of production to a certain extent

Thanks till the next quarter.


I am not agree with some points.

specially you have compare Q-Q, we should compare Y-Y bcz this type of business has seasons.

specially next two quarters are performing very well. then can make nearly 25 EPS for this year.

last four quarters they made 20.62 ESP

in that case P/E is 3.9

EC what you think about next two quarters. Price Band expansion and allowed  to import Corn /Maize  these very positive factors for next few quarters. and also world market Corn/Maize price dropping sharply. please mention your idea about this matters.

stockback
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2632
Equity Stars : 6127
Reputation : 48
Join date : 2012-02-19

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by troy on Thu Aug 04, 2016 9:53 am

lot of selling in 80-81 range... how much more???
avatar
troy
Moderator

Posts : 1121
Equity Stars : 4643
Reputation : 31
Join date : 2011-09-10
Age : 33
Location : WTC

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by TARGET on Thu Aug 04, 2016 4:55 pm

MW not in top 20 of gran. Maybe in 21 position. .

TARGET
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 472
Equity Stars : 876
Reputation : 17
Join date : 2016-06-29

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Thu Aug 04, 2016 9:48 pm

Further I have noticed that Japfa has shed a further 800,000 shares during the 2nd quarter. I assume they havn't changed their mind to sell the stake completely. Sometimes recent days also they might be selling and another foreign party will be buying too.
Anyways the wait @ 80s might be continue for a further period and it seems that investors need to be patient for some more time.
GL
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by hiransilva23 on Thu Aug 04, 2016 10:33 pm

Meka nam koi wele hari yanawa.allannat bari weida danne na

hiransilva23
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1392
Equity Stars : 3526
Reputation : 17
Join date : 2011-11-30

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by chamil1 on Thu Aug 04, 2016 11:36 pm

@EquityChamp wrote:Further I have noticed that Japfa has shed a further 800,000 shares during the 2nd quarter. I assume they havn't changed their mind to sell the stake completely. Sometimes recent days also they might be selling and another foreign party will be buying too.
Anyways the wait @ 80s might be continue for a further period and it seems that investors need to be patient for some more time.
GL


What JAPFA sold in the early part of second quarter is different.


Now they will sell only if someone asks for a quantity and not at their will. That is what LOLC securities has said. Yesterday's quantity was also like that. Otherwise much bigger quantities could have been sold

chamil1
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 210
Equity Stars : 988
Reputation : 11
Join date : 2015-06-15

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Tue Aug 23, 2016 10:16 am

Its time to buy this stock. Now 84/- and the big seller is selling his stake to whoever the interested buyre. BUY.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Tue Aug 23, 2016 10:30 am

This is what I was keep telling you all. Watch for that big transaction and from the moment you see it go and buy it. Its today.

Thanks
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by kapifm on Tue Aug 23, 2016 11:27 am

Dear EC

to day i have Exit with 20% Profit @ 88 ....believe that i Have Hold for Bit Long...
avatar
kapifm
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 153
Equity Stars : 740
Reputation : 3
Join date : 2016-02-29
Location : Srilanka

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by TARGET on Tue Aug 23, 2016 11:32 am

@kapifm wrote:Dear EC

to day i have Exit with 20% Profit @ 88 ....believe that i Have Hold for Bit Long...
Opps.. big mistake my friend.. try to collect again

TARGET
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 472
Equity Stars : 876
Reputation : 17
Join date : 2016-06-29

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by kapifm on Tue Aug 23, 2016 11:33 am

TARGET.....

Thanks Machaan....i will collect   AEL Very Happy
avatar
kapifm
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 153
Equity Stars : 740
Reputation : 3
Join date : 2016-02-29
Location : Srilanka

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by TARGET on Tue Aug 23, 2016 11:35 am

@kapifm wrote:TARGET.....

Thanks Machaan....i will collect   AEL Very Happy
Ok. Both are ltechnically strong buy.. Very Happy

TARGET
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 472
Equity Stars : 876
Reputation : 17
Join date : 2016-06-29

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Tue Aug 23, 2016 4:28 pm

Foreign holding decline by 1.4mn today. And the seller should have some quantities remain and it is certain that there will be buyers for that quantity as well. Lets get into this now.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by nimantha80 on Tue Aug 23, 2016 4:35 pm

@EquityChamp wrote:Foreign holding decline by 1.4mn today. And the seller should have some quantities remain and it is certain that there will be buyers for that quantity as well. Lets get into this now.
exactly the amount of morning sell.So jafpa sold half of the amount

nimantha80
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2318
Equity Stars : 5668
Reputation : 48
Join date : 2012-10-12

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by stockback on Tue Aug 23, 2016 4:38 pm

@nimantha80 wrote:
@EquityChamp wrote:Foreign holding decline by 1.4mn today. And the seller should have some quantities remain and it is certain that there will be buyers for that quantity as well. Lets get into this now.
exactly the amount of morning sell.So jafpa sold half of the amount


are there any foreign buying. 

I think foreign buying also there. bcz one party collected last few weeks very slowly

stockback
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2632
Equity Stars : 6127
Reputation : 48
Join date : 2012-02-19

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by mahasona on Tue Aug 23, 2016 8:54 pm

This is net foreign selling ,if foreign buyers were there the amount sold by Japfa is higher than 1.4Mn,Maybe they have cleared there holding.

Gran was kept under pressure for too long,now the pressure is released,it will see the moon in no time.

Out of the chicken lot GRAN will deliver the highest return.

mahasona
Equity Analytic
Equity Analytic

Posts : 33
Equity Stars : 468
Reputation : 0
Join date : 2016-05-16

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by ONTHEMONEY on Tue Aug 23, 2016 10:16 pm

Hi Guys!

JAFPA sold almost 50% of its stake today! It is confirmed news that JAFPA sell order is over at Rs 80/-.Brockers are LOLC and there is no sell orders for remaining quantity!

Considering the today's turnover I believe now #GRAN has enough fire power to collect even if it is sold at higher prices!Extremely undervalued counter and has to catch up #TAFL. Based on earnings and NAV it will clear Rs 100/- very shortly. I don't think technical charts will justify the movement since it is a catch up activity! 

Good luck

ONTHEMONEY
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 278
Equity Stars : 2750
Reputation : 3
Join date : 2011-01-28
Location : COLOMBO

Back to top Go down

Re: Ceylon Grain Elevators - A Value Rich Stock

Post by EquityChamp on Tue Aug 30, 2016 1:40 pm

2nd round of sell off is today. Day by day the stinking barrier is easing off. A well crafted game plan for a valuable counter.
avatar
EquityChamp
Moderator

Posts : 3657
Equity Stars : 12110
Reputation : 720
Join date : 2014-11-05

Back to top Go down

Page 3 of 5 Previous  1, 2, 3, 4, 5  Next

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 325941 messages in 50081 subjects
Who is online?
In total there are 109 users online :: 14 Registered, 0 Hidden and 95 Guests

123longway, crs, dow, easthetic, kassachandimal, kjojo, Ran49, sameboy, sanjeewa1234, sasanka.uom@gmail.com, sashimaal, Sonny Bill, stockback, worthiness

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.