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Sri Lanka Equity Forum » Stock Market Talk » MGT - Collect n keep

MGT - Collect n keep

Go down  Message [Page 1 of 1]

1MGT - Collect n keep  Empty MGT - Collect n keep on Mon Feb 18, 2019 3:38 pm

Chanaka303


Equity Analytic
Equity Analytic
8.8- 9.3will be a good entry point.

2MGT - Collect n keep  Empty Re: MGT - Collect n keep on Wed Feb 20, 2019 12:12 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Although the results, at a glance, do not reflect a good year, mainly due to market conditions and other external cost increases, the Company has made extensive progress to regain profitability and unit cost reductions which was seen in the 4th quarter of 2017/18..(CEO Statement-Annual Report 2017/18)

Further the  CEO goes on elaborating ..”The strategies adopted by the Company for long term sustainability in having a broad based geographical market such as USA, UK & Europe, be selective with its customer base and to lead in innovation continued during the year under review…”

Somewhere in the report CEO states that all these efforts starts to materialise in the 4th Quarter 2017/18, where things started to turn to profit from there onwards.

The Revenue in USD is clearly increasing Q2Q and Same quarters previous year  at a progressive rate. The Annual Report says that the Capacity Utilisation is 78% for 2017/18 same as last year. Therefore this is clearly through the materialisation of Forecast of high end market orders as stated by CEO .
 
MGT - Collect n keep  Sale10

 
Though the Annual Report discusses about cost reduction I didn’t see the GP margin increasing but decreasing. This is due to the sharp increases in Yarn Prices and USD appreciation.

But the most Notable area is it started to Turnaround from Losses to Profit, and profits now started to increase at a considerable rate Q2Q. The reduction in Finance cost Q2Q is a clear sign that the Company cashflow is improving, and soon MGT will bring this to the lowest possible level. Cash Balances getting steady and increasing Q2Q. Soon the Debts should started coming down too
 
Cash balance increased from 227Mn in Dec 2017 to 1.2Bn in December 2018.
MGT - Collect n keep  Cash10



lets look at the Shareholding structure for last 3 Quarters. And you will know whos selling and why the price went low . Soon someone will grab the opportunity

MGT - Collect n keep  Sh10

 
Therefore on a simple calculation if MGT could sustain the current profit they can report an EPS this year Rs. 1.50.  then a guaranteed 2.0 ( 0.50 x 4).  We can clearly see there is potential to further growth in Revenue , and profits through improved margin because the CEO talks about the learning Curve period, and I believe there will be Finance Cost reduction due to better cashflows and WCAP management. If we play around with these numbers I am sure MGT can touch an EPS =3.0
 
 
Its gonna be a high flyer in coming days. Good Luck
 
HE

3MGT - Collect n keep  Empty Re: MGT - Collect n keep on Wed Feb 20, 2019 12:30 pm

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Hawk Eye wrote:Although the results, at a glance, do not reflect a good year, mainly due to market conditions and other external cost increases, the Company has made extensive progress to regain profitability and unit cost reductions which was seen in the 4th quarter of 2017/18..(CEO Statement-Annual Report 2017/18)

Further the  CEO goes on elaborating ..”The strategies adopted by the Company for long term sustainability in having a broad based geographical market such as USA, UK & Europe, be selective with its customer base and to lead in innovation continued during the year under review…”

Somewhere in the report CEO states that all these efforts starts to materialise in the 4th Quarter 2017/18, where things started to turn to profit from there onwards.

The Revenue in USD is clearly increasing Q2Q and Same quarters previous year  at a progressive rate. The Annual Report says that the Capacity Utilisation is 78% for 2017/18 same as last year. Therefore this is clearly through the materialisation of Forecast of high end market orders as stated by CEO .
 
MGT - Collect n keep  Sale10

 
Though the Annual Report discusses about cost reduction I didn’t see the GP margin increasing but decreasing. This is due to the sharp increases in Yarn Prices and USD appreciation.

But the most Notable area is it started to Turnaround from Losses to Profit, and profits now started to increase at a considerable rate Q2Q. The reduction in Finance cost Q2Q is a clear sign that the Company cashflow is improving, and soon MGT will bring this to the lowest possible level. Cash Balances getting steady and increasing Q2Q. Soon the Debts should started coming down too
 
Cash balance increased from 227Mn in Dec 2017 to 1.2Bn in December 2018.
MGT - Collect n keep  Cash10



lets look at the Shareholding structure for last 3 Quarters. And you will know whos selling and why the price went low . Soon someone will grab the opportunity

MGT - Collect n keep  Sh10

 
Therefore on a simple calculation if MGT could sustain the current profit they can report an EPS this year Rs. 1.50.  then a guaranteed 2.0 ( 0.50 x 4).  We can clearly see there is potential to further growth in Revenue , and profits through improved margin because the CEO talks about the learning Curve period, and I believe there will be Finance Cost reduction due to better cashflows and WCAP management. If we play around with these numbers I am sure MGT can touch an EPS =3.0
 
 
Its gonna be a high flyer in coming days. Good Luck
 
HE
Thanks HE I love you I love you I love you

4MGT - Collect n keep  Empty Re: MGT - Collect n keep on Wed Feb 20, 2019 1:22 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
MY FAVORITE TOO............Directors collected 12/= 16/= levels. GL

5MGT - Collect n keep  Empty Re: MGT - Collect n keep on Thu Feb 21, 2019 4:42 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Hawk Eye wrote:Although the results, at a glance, do not reflect a good year, mainly due to market conditions and other external cost increases, the Company has made extensive progress to regain profitability and unit cost reductions which was seen in the 4th quarter of 2017/18..(CEO Statement-Annual Report 2017/18)

Further the  CEO goes on elaborating ..”The strategies adopted by the Company for long term sustainability in having a broad based geographical market such as USA, UK & Europe, be selective with its customer base and to lead in innovation continued during the year under review…”

Somewhere in the report CEO states that all these efforts starts to materialise in the 4th Quarter 2017/18, where things started to turn to profit from there onwards.

The Revenue in USD is clearly increasing Q2Q and Same quarters previous year  at a progressive rate. The Annual Report says that the Capacity Utilisation is 78% for 2017/18 same as last year. Therefore this is clearly through the materialisation of Forecast of high end market orders as stated by CEO .
 
MGT - Collect n keep  Sale10

 
Though the Annual Report discusses about cost reduction I didn’t see the GP margin increasing but decreasing. This is due to the sharp increases in Yarn Prices and USD appreciation.

But the most Notable area is it started to Turnaround from Losses to Profit, and profits now started to increase at a considerable rate Q2Q. The reduction in Finance cost Q2Q is a clear sign that the Company cashflow is improving, and soon MGT will bring this to the lowest possible level. Cash Balances getting steady and increasing Q2Q. Soon the Debts should started coming down too
 
Cash balance increased from 227Mn in Dec 2017 to 1.2Bn in December 2018.
MGT - Collect n keep  Cash10



lets look at the Shareholding structure for last 3 Quarters. And you will know whos selling and why the price went low . Soon someone will grab the opportunity

MGT - Collect n keep  Sh10

 
Therefore on a simple calculation if MGT could sustain the current profit they can report an EPS this year Rs. 1.50.  then a guaranteed 2.0 ( 0.50 x 4).  We can clearly see there is potential to further growth in Revenue , and profits through improved margin because the CEO talks about the learning Curve period, and I believe there will be Finance Cost reduction due to better cashflows and WCAP management. If we play around with these numbers I am sure MGT can touch an EPS =3.0
 
 
Its gonna be a high flyer in coming days. Good Luck
 
HE
Union assurance purchase price 16.5.They must have sold in loss those 7million shares. Shocked Shocked Shocked

6MGT - Collect n keep  Empty Re: MGT - Collect n keep on Thu Feb 21, 2019 9:54 am

Trader321


Equity Analytic
Equity Analytic
Any target price? i think this is trading at its 52 weeks lowest level?

7MGT - Collect n keep  Empty Re: MGT - Collect n keep on Mon Feb 25, 2019 11:22 am

Trader321


Equity Analytic
Equity Analytic
MGT.N0000 will pass 13 rs. level very soon. good collection going these days.

8MGT - Collect n keep  Empty Re: MGT - Collect n keep on Thu Apr 04, 2019 2:35 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is another counter to be watched.Price increase 8.6 to 9(4%) but in small quantities.

EPS    1.26

NAV   16.1

P/B    0.57

PE      7.2

It is running in profit for last 3 quarters.MGT reduced waste and raw material cotton prices also low.Let's see next quarter result...

Shocked Shocked Shocked

9MGT - Collect n keep  Empty Re: MGT - Collect n keep on Thu Apr 04, 2019 10:31 am

Trader321


Equity Analytic
Equity Analytic
MGT will pass 13 rs. level very soon

10MGT - Collect n keep  Empty Re: MGT - Collect n keep on Thu Apr 04, 2019 4:48 pm

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
yes , my PV outer bubble points to set 14.80 for MGT. if you have extra funds this is real value for money. i got some insider info that the business is going on really well . MGT buyers & holders are real winners.

11MGT - Collect n keep  Empty Re: MGT - Collect n keep on Thu Apr 04, 2019 9:26 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Uaecoindubai wrote:yes , my PV outer bubble points to set 14.80 for MGT. if you have extra funds this is real value for money. i got some insider info that the business is going on really well . MGT buyers & holders are real winners.
Looks good news. Basketball Basketball Basketball

12MGT - Collect n keep  Empty Re: MGT - Collect n keep on Fri Apr 05, 2019 7:21 am

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Uaecoindubai wrote:yes , my PV outer bubble points to set 14.80 for MGT. if you have extra funds this is real value for money. i got some insider info that the business is going on really well . MGT buyers & holders are real winners.
Thanks dear I love you I love you I love you

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