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Sri Lanka Equity Forum » Stock Market Talk » Browns Capital (FLCH )

Browns Capital (FLCH )

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1 Browns Capital (FLCH ) on Wed Mar 29, 2017 11:36 am

rohanc


Equity Analytic
Equity Analytic
Why FLCH share price up suddenly?

2 Re: Browns Capital (FLCH ) on Wed Mar 29, 2017 1:08 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
They have disposed (sold) some of their main plantations to Damro Group.

Transaction amount was about 5 billion rupees.

Due to some difficulties I couldn't find exact gain.

One place says, their carried amount was about 900 million.
(600 + 300 ) It is difficult to get revalued timber prices . (related to this disposal).

No of share is 1.3 billion. We expect EPS to go one time high price.
somehow,transactiion amount per share was Rs. 3.75

3 Re: Browns Capital (FLCH ) on Wed Mar 29, 2017 3:08 pm

glad


Manager - Equity Analytics
Manager - Equity Analytics
Thanks Chinwi.
Any idea re future use of funds/ settlement of borrowings?

4 Re: Browns Capital (FLCH ) on Wed Mar 29, 2017 7:16 pm

chamil1


Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:They have disposed (sold) some of their main plantations to Damro Group.

Transaction amount was about 5 billion rupees.

Due to some difficulties I couldn't find exact gain.

One place says, their carried amount was about 900 million.
(600 + 300 ) It is difficult to get revalued timber prices . (related to this  disposal).

No of share is 1.3 billion. We expect  EPS to go one time high price.
somehow,transactiion amount per share was Rs. 3.75  

The carrying value of Brown’s 55% stake in FLMC Plantations in FY2016 was Rs. 600 million. 


- See more at: http://www.ft.lk/article/606291/Damro-enters-plantations-with-Rs--5-b-deals-on-Pussellawa-and-Agalawatte#sthash.L8pqtDwy.dpuf

5 Re: Browns Capital (FLCH ) on Wed Mar 29, 2017 10:23 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The carrying value of Brown’s 55% stake in FLMC Plantations in FY2016 was Rs. 600 million. 




Yes. it is in the annual reports .  Meanwhile , you can see   Browns capital has billions in Timber and live plants as assets in group accounts. What I wanted to know is , what are those timber and if those divested companies  were major portion of Browns plantations  why they have not  revalued those assets and kept them  at cost 600m ?

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