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Sri Lanka Equity Forum » Stock Market Talk » ALUMEX whts going on??

ALUMEX whts going on??

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1 ALUMEX whts going on?? on Wed Aug 03, 2016 5:58 pm

kumarweerarathne

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Saw huge turnover today about 54Mil, but EPS down by half compering to da prev.Quarter, anybody can explain??

2 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 6:43 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Aiyata deka patatila.Eps doubled.

3 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 7:21 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Not doubled. EPS  Down from 70 cents to 35 cents.

Revenue during last few seasons were as follows : Rs Millions

2015 June 753
2015 Sept 995.
2015 Dec 1068
2016 March 1177 --- Cost of sales 754 --- Gross profit 400
2016 June 830 ------Cost of sales 590 ---- Gross profit 223

 low sales detected during last qtr

4 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 7:50 pm

Shammi Dharshana

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Aluf mokada wenne ..    tawa wateida

5 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 7:52 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Shammi Dharshana wrote:Aluf mokada wenne ..    tawa wateida


better to exit now.

6 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 7:53 pm

eco


Senior Equity Analytic
Senior Equity Analytic
Is it ok to enter to ALUMEX?

Already went up from 17.00...

7 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 8:51 pm

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Kumar..You cant analyse 4th qtr results with 1st qtr results..And chinwi why dont you compare with last year 1st qtr results..Its the way to go..Every Industry have seasonal effects..

8 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 8:53 pm

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Remember my word..Annual EPS will be more than 3.50.Dividend payment will be 2.25..

9 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 9:18 pm

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Qtr ended 30th june 2014 - Qtr EPS 0.21 , 2014 - 15 Yr EPS 1.59
Qtr ended 30th june 2015 - Qtr EPS 0.19 , 2015 - 16 Yr EPS 1.97
Qtr ended 30th june 2016 - Qtr EPS 0.35 , 2016 - 17 Yr EPS ????

It will be between 3.25 - 3.75....

Target Price is 30.00 - 35.00 within a year..

10 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 9:19 pm

trader7


Manager - Equity Analytics
Manager - Equity Analytics
"EPS  Down from 70 cents to 35 cents"

Sold all my ALUF and HEXP today and bought SAMP and TKYO.
Hoping to add HNB as well.
Teller, no comments ?

11 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 10:24 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@SLFINANCEWATCH wrote: chinwi why dont you compare with last year 1st qtr results..Its the way to go..Every Industry have seasonal effects..

I wanted to say due to low revenue EPS down so much than previous qtr.

For ALUM normally June get some dip . This time the revenue difference is bigger than previous times.
This may be due to high March figure.


2014 March 780
2014 June 611
Dipped by 169


2015 March 893
2015 June 753
Dipped by 140

2016 March 1177
2016 June 830
Dipped by 347

This is not alarming because this dip is mainly due to high sales in previous two quarters. We have to watch next qtr to get perfect idea.

ALUMex price may go up or down in short to medium but has strong future due to planned construction boom in Colombo . Purchasing should be done gradually. The best time may come bit later after a mini peak cycle in one years time .




12 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 10:31 pm

Teller

avatar
Moderator
I already set my ALUMAX agreed arget three months earlier there I said strong buy ALuMax due to many reasons. ALUMAX and ALUF are going to one of strategic investments in future.
It has discussed last ALUM AGM also. That's the reason ALUF also gone for strong buying today.
In november ALUF will sign a billion sales contract so ALUM also will join to supply the stuffs. Both ALUM & ALUF in this sector are good to buy
GL

13 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 10:35 pm

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Still aluf good to buy??

14 Re: ALUMEX whts going on?? on Wed Aug 03, 2016 10:42 pm

Teller

avatar
Moderator
Yes ,see today nearly 150,000 shares traded. Last quarter EPS not much important. We have to see coming two quarter financials. This will be very good to see in coming financials.
ALUF has 126 million cash in hand .

15 Re: ALUMEX whts going on?? on Thu Aug 04, 2016 8:13 am

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
At chinwi..why dont you talk about 84.00% profit growth Directly..

16 Re: ALUMEX whts going on?? on Thu Aug 04, 2016 9:01 am

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@SLFINANCEWATCH wrote:At chinwi..why dont you talk about 84.00% profit growth Directly..

Its OK. But I go for revenue too to see the overall performances of the businesses.
Because just Profit may give you false signals, sometimes. When rivals emerge revenue may go down and affect long term but you can show profits than the same period last year .

This is general view, I cannot say ALUMEx is bad or going down at this moment. Other main supplier Lanka Aluminium also in the same group .

Personal Note and info: Last week I vent to Alumex in Sapugaskande to get powder coat bars in different colors. Normally you get white and black coated bars through their sales points. If you need color matching to tiles or walls in the background you can ask them to make them in different colors . BTW, this is not like car paint mixing, you can only get the colors of the powder they have imported. Cost is not much higher than white bars. They have 10-12 colors.

17 Re: ALUMEX whts going on?? on Thu Aug 04, 2016 9:04 am

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Smile

18 Re: ALUMEX whts going on?? on Tue Aug 09, 2016 12:07 pm

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Smile

19 Re: ALUMEX whts going on?? on Tue Aug 09, 2016 1:37 pm

Steve Jansen


Senior Equity Analytic
Senior Equity Analytic
This looks like a temporary jump .  lets wait and see.

20 Re: ALUMEX whts going on?? on Tue Aug 09, 2016 2:08 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The real golden era for alumex should come at the middle of highly anticipated construction boom in and around port city.
Interior and exterior cladding is done after the construction of super structure.

One technical problem  they must find answers before that date is their bar designs.

Aluminium frames of doors and windows (etc.) are made by fixing different section of bars together. They are made in inter macing designs to be fixed together at the sites to get the reacquired cross section.

In Sri Lanka at the moment you need many different sections to make one length of a final bar. In   some other countries  they make improved designs and  only 2 or 3 sections  needed to make same length. Working speed and output is much higher with improved designs.
Our people has to improve molding  for that .  

Otherwise tax free bulk  importing from Dubai will be much profitable than buying our products.




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