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Sri Lanka Equity Forum » Stock Market Talk » BFL Report Out - Good EPS

BFL Report Out - Good EPS

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1BFL Report Out - Good EPS  Empty BFL Report Out - Good EPS on Thu Jul 21, 2016 5:31 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
BFL maintain Profit level.

profit drop bcz of Tax increase. next quarter they will get good profit bcz new factory working from June.

cleanly its effect to next quarter and also Maize price dropping in the world market that is also plus factor.



BFL continue profit making. and this quarter chicken price band up. nearly 8% 


Quarter Revenue is 956 Millions. from this 8% price increment. 


Approx = 956 *8% = 76 Millions, after tax 60 Millions. and they have finished new Mill


from Annual Report
"Our joint-venture feedmill commenced production in June 2016 and this now enables us to have a total vertical integration of our poultry production operations"


if we consider 8% price increment
then additional 2.5 EPS will added into this EPS plus new Factory and Maize price doping is high plus factor


when Government increase Price i expected something wrong. but result is acceptable. future they will increase EPS with new development plan 


http://cse.lk/cmt/upload_report_file/452_1469099765.pdf

2BFL Report Out - Good EPS  Empty Re: BFL Report Out - Good EPS on Thu Jul 21, 2016 6:06 pm

eco


Senior Equity Analytic
Senior Equity Analytic
The maximum price may have a good impact on the large scale poultry producers. 

If we look at the market, small scale suppliers can't meet that price and the cost is well above the government maximum price. Therefore in the mid term small scale suppliers may face to a big issue. 


Finally large scale producers get the benefit as they can meet the maximum price with their scale of economies.

3BFL Report Out - Good EPS  Empty Re: BFL Report Out - Good EPS on Thu Jul 21, 2016 7:20 pm

EquityChamp

EquityChamp
Moderator
Moderator
My analysis is as follows. You should compare QoQ growth rather than YoY. B's Apr - June is a continuation of Jan - March business. In that sense BFL has made the same revenue in Q2 16 as same to Q1 16. PBT is also the same. Actually I was expecting a decline in profit QoQ due to the adverse situation poultry companies face in Q2 but look at their results. Identical result for this quarter compared to Q1. This confirms that BFLs cash flows and profitability have stabilised and its not like previous years where one year bumpy profits followed by two year low or no profit. That situation has clearly changed now.

I will say one thing now. BFL and GRAN & TAFL too will follow the path of CTC, NEST, CCS and CTEA. All these three were illiquid enough but only issue with them was the inconsistency of earnings Now the outlook of the industry has changed completely so that you will see where these three will be within another couple of years. Gradually they will improve their dividend policy too so that three companies next in line to follow the giants.
Good investment opportunities for all of you.
Thanks

4BFL Report Out - Good EPS  Empty Re: BFL Report Out - Good EPS on Thu Jul 21, 2016 7:54 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
great Sanga into bfl top 20.this guy loves chickens I guess.In GRAN Aravinda also there in Tafl.He has hit a big six and landed to TAFL first quater.before that hes nowhere.See we check everything

5BFL Report Out - Good EPS  Empty Re: BFL Report Out - Good EPS on Thu Jul 21, 2016 8:05 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@nimantha80 wrote:great Sanga into bfl top 20.this guy loves chickens I guess.In GRAN Aravinda also there in Tafl.He has hit a big six and landed to TAFL first quater.before that hes nowhere.See we check everything


funnything sanga Buying Nayata  Very Happy Very Happy Very Happy Very Happy Very Happy

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