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Sri Lanka Equity Forum » Stock Market Talk » WHat is going on FLCH.N

WHat is going on FLCH.N

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1 WHat is going on FLCH.N on Fri Aug 04, 2017 12:24 pm

Neluka Karannagoda


Manager - Equity Analytics
Manager - Equity Analytics
After having a good set of interim financial statements the prices are declining. what is the reason ? 
I saw many times after having good financial statements share prices are getting down. I can not understand the behavior of our investors.

2 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 4:24 pm

buddikasmart

avatar
Manager - Equity Analytics
Manager - Equity Analytics
I think fake information included in financial statement.....83 EPS cannot believe....5billion FD dammath annual interest  eka 500million....three months walata 125million.... mokadda may investment income eka 800million....

3 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 4:42 pm

bakapandithaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@buddikasmart wrote:I think fake information included in financial statement.....83 EPS cannot believe....5billion FD dammath annual interest  eka 500million....three months walata 125million.... mokadda may investment income eka 800million....

If u dont know the reason ask from the people, without just writing

4 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 4:49 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
baka ko ban run eka.moko uneee.

5 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 5:13 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Local institutional buyers are out of market. Retailers lost their invested money. So they are out of scene. Those who accumulated black money still play the game. Investment based on accounts not audited ( interim results) is far now, since presentations is not reliable.

6 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 6:40 pm

easthetic


Stock Analytic
Stock Analytic
@buddikasmart wrote:I think fake information included in financial statement.....83 EPS cannot believe....5billion FD dammath annual interest  eka 500million....three months walata 125million.... mokadda may investment income eka 800million....


No Idea about the EPS
But some are offering even 18% rate for 5 Year Deposits.
Over 13% for one year.
FLCH have granted a loan.
So the rate of over 16% would be a safe bet i guess.

7 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 6:51 pm

bakapandithaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@nimantha80 wrote:baka ko ban run eka.moko uneee.
CT wanted to collect more below 4. Did u see the 10m cleared with one shot. CT still buying. Dont worry. It will rock to 6

8 Re: WHat is going on FLCH.N on Fri Aug 04, 2017 11:27 pm

Teller

avatar
Moderator
It's difficult say market direction , for my advise not to buy at this stage. I also agree withWorthiness... we will not see local institutional buyers in present or near future.

9 Re: WHat is going on FLCH.N on Sat Aug 05, 2017 10:09 am

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@buddikasmart wrote:I think fake information included in financial statement.....83 EPS cannot believe....5billion FD dammath annual interest  eka 500million....three months walata 125million.... mokadda may investment income eka 800million....


They have sold the last part of their FLCM plantation to the same people. Cash inflow was 1.9 billion.
Major % of reported 83 cents was the profit from that sale.
After selling everything, any family company or country cannot maintain same EPS rates. That is the problem.
BTW They have 3 billion worth 'consumable plantation' left with them. Around 40% of assets are now in cash form and 60% of equity is in cash. NAVPS 7.40 and Rs 3 of it is cash.

Roughly y/y EPS can go between 70 cents to Rs. 1 in 2018/19 without considering any further land sale. Disposal of plantation done this year will reduce management expenses in coming reports. Interest income considered.

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