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Sri Lanka Equity Forum » Stock Market Talk » C W Mackie PLC - Sustainable Earnings outlook

C W Mackie PLC - Sustainable Earnings outlook

Go down  Message [Page 1 of 1]

1 C W Mackie PLC - Sustainable Earnings outlook on Tue May 17, 2016 11:59 pm

EquityChamp

EquityChamp
Moderator
CWM is another great 2nd tier company specializing in trading and distributing fast moving consumer goods. According to their recent quarter performance I have derived the following forecast for 2016/17 though their quarterly revenue and profit figures are not consistant.
 Q2 15Q3 15Q4  15Q1 16FY 14/15FY 15/16FY 16/17 F
Revenue         1,848         1,756         1,799         2,457         7,618         7,860          8,435
GP            285            246            242            364         1,033         1,137          1,181
GP margin15%14%13%15%14%14%14%
PAT to equity holders               56               65               34            132            185            287              337
PAT margin3%4%2%5%2%4%4%
EPS             5.14          7.97            9.37
At CMP the forward PE is 6x which is very attractive. Another reason is that their current price is less than the book value so it gives ample room for price appreciation.
Technical charts indicates strong buy with Bull/Bear Power of just formed +.35, ROC of +2.7 and RSI of 56. The price should be adjusted to 70/75 levels in medium term hence I would like to advise you to add into your portfolio.

Thanks

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
good and timely post.you should buy and hold these winners

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Yes CWM best ever

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
60 broken.Dividend will be announced this week or early next week.Minimum 3

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
[*]Last 3 years Dividend


[*]DIVIDEND ANNOUNCEMENT   
26 May 2015
Date of Announcement: - 26.May.2015
Dividend per Share: - Rs. 3.00 per share / First & Final Dividend
Financial Year: - 2014/2015
Shareholder Approval: - Required
AGM: - 24.Jun.2015
XD: - 25.Jun.2015
Payment: - 06.Jul.2015

[*]DIVIDEND ANNOUNCEMENT   
30 May 2014
Date of Announcement: - 30.May.2014
Dividend per Share: - Rs. 3.00 per share / First & Final Dividend
Financial Year: - 2013/2014
Shareholder Approval: - Required
AGM: - 27.Jun.2014
XD: - 30.Jun.2014
Payment: - 08.Jul.2014

[*]DIVIDEND ANNOUNCEMENT   
30 May 2013
Date of Announcement: - 30.May.2013
Rate of Dividend: - Rs. 3.00 per share / First & Final Dividend
Financial Year: - 2012 / 2013
Shareholder Approval: - Required
AGM: - 27.June. 2013
XD: - 28.June. 2013
Payment: - 08.July. 2013

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Im in this for lorn term not for trading.constant earnings and dividends and NAV improving.Once rubber recover they'll do better than this

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
good call champ.

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
EC ada cwm damma wage hamadama udeta mewage assayek gana danna bari weida???!

EquityChamp

EquityChamp
Moderator
Very Happy
Thabk you for all. Will try to serve you as far as I can.
In the mean time I am getting some strange feeling on LCEY. Let me do some work and come back.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@EquityChamp wrote:Very Happy
Thabk you for all. Will try to serve you as far as I can.
In the mean time I am getting some strange feeling on LCEY. Let me do some work and come back.
Agree.thats why i posted today on CWM,LCEY,CFLB.Its a old combination.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Good News for CWM

Sri Lanka slashes tax on raw rubber exports

May 18, 2016 12:06 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – The Sri Lankan government will slash a cess on raw rubber exports to Rs4 a kilo from Rs15 to help cultivators get better prices by increasing competition between shippers and the domestic industry, a spokesman said.

Media Minister Gayantha Karunatillake said about 80 percent of natural rubber grown in the island is consumed by domestic industrialists and the rest exported.

“A cess of Rs15 a kilo was levied on raw rubber exports in order to encourage domestic value addition of natural rubber produced in Sri Lanka,” he told a news conference.

“With the reduction in world market prices, the price of Sri Lankan rubber has also come down, putting rubber plantations, including small estate owners, in difficulty.”

The Cabinet of Ministers has approved a proposal by Plantation Industries Minister Navin Dissanayake to give relief to cultivators by increasing the price of rubber through more competition between domestic rubber goods producers and raw rubber exporters, he said.

Rubber prices are forecast to remain low till 2020.
(COLOMBO, May 18 2016)

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Im not trading Im in for lorn term.Dividends probably next week.Ill take them happily.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
CWM next week possible to break 75.00+

This time thay will pay good Dividend may be 4.00

Mubin Mustafa


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Everyone is correct but it is relatively illiquid share. Even easy to reach 100 with few thousand trade volume...will see...

EquityChamp

EquityChamp
Moderator
CWM final dividend of 3.50. Very good as expected.

Jaya sri


Manager - Equity Analytics
Manager - Equity Analytics
@EquityChamp wrote:CWM final dividend of 3.50. Very good as expected.
THANKS 70+ sure

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very Happy Very Happy Very Happy

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