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Sri Lanka Equity Forum » Stock Market Talk » ROYAL CERAMIC (RCL)

ROYAL CERAMIC (RCL)

Go down  Message [Page 1 of 1]

1ROYAL CERAMIC (RCL) Empty ROYAL CERAMIC (RCL) on Wed Mar 06, 2019 4:46 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
We have to revisit RCL.Eventhough it's main tile business profit reduced, this counter is in discounted price.

Net profit for Q3  813Million compare to same quarter last year 890M.

EPS(anual)  19.38

NAV            196.09 

P/B               0.35

PE                 3.56

Current price   65      Very Happy Very Happy Very Happy


Sri Lanka to review regulations on ceramic industry: Budget2019

Mar 05, 2019 14:48 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka will review regulations on ceramic and tile industry mining and transport that are holding the sectors back, Finance Minister Mangala Samaraweera said, presenting a budget for 2019.

"We will review these regulations and laws that are a barrier to these industries, keeping the environmental concerns in mind," Samaraweera told parliament.

Sri Lanka ceramic and tile industries have complained that permits are needed from 16 different agencies, which have made it almost impossible to mine raw materials.

As a result, they are reduced to buying from third parties.

Tile industrialists have also said that they face difficulties in getting permission to dig clay from silted tanks, which is encouraged by the Department of Irrigation. 

But the process takes a long time and rains come by the time permission is granted. (Colombo/Mar05/2019-SB)

2ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Wed Mar 06, 2019 7:04 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
All the ceramic and tile shares have come down. 
Another complain was cheap imports (as was the case in LLUB)

3ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Wed Mar 06, 2019 7:55 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@glad wrote:All the ceramic and tile shares have come down. 
Another complain was cheap imports (as was the case in LLUB)
RCL and LLUB in differant sectors and compete with cheap imports.One is undervalued and the other one over valued.

                                       RCL                  LLUB


Last Q net profit           810M                 267M


Net asset value(NAV)    196                    16


EPS(anual)                    19.38                 8.28


P/B                                 0.35                  3.93


PE                                   3.56                  7.73


Current price                   65                     63


RCL's this performance while it's susidiary companies PARQ and horana plantation doing poor performance.I hope PARQ and plantations also do well in coming quarters.Let's see.


Further RCL could pay 7 rupees dividend (more than 10% dividend yield) like last year with it's current earning.This month we could expect 4-5 rupees interim dividend anouncement.LLUB can't pay it's 6.5 rupees dividend this year with current earning.

I love you I love you I love you

4ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Wed Mar 06, 2019 9:56 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Y
Thanks for sharing. I am not comparing, just highlighting that unfair competition with 'rougue' imports is destroying good companies.

5ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Fri Mar 08, 2019 10:35 pm

reyaz

reyaz
Manager - Equity Analytics
Manager - Equity Analytics
@glad wrote:Hi Y
Thanks for sharing. I am not comparing, just highlighting that unfair competition with 'rougue' imports is destroying good companies.

Agree

6ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Thu Apr 04, 2019 2:54 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This counter is still in 60.

It's subsidiaries/related companies LWL,CERA and PARQ anounced dividends.RCL performed better than those companies.But no dividend anouncement yet.

Interesting to see this counter in comming weeks.

Shocked Shocked Shocked

7ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Thu Apr 04, 2019 9:11 am

Trader321


Equity Analytic
Equity Analytic
RCL will touch Rs. 70 very soon without any pressure.

8ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Sun Apr 07, 2019 4:28 pm

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
RCL trend has gone. they will face many more pressures coming months too . especially energy and raw material issue . other scenario is competition with Chinese products .

9ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Mon Apr 08, 2019 6:28 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Uaecoindubai wrote:RCL trend has gone. they will face many more pressures coming months too . especially energy and raw material issue . other scenario is competition with Chinese products .
Negative 
* It's main tile business will be affected.

Positive
*  it has 26%(36Million) LB Finance shares.
* Asset value is 196.

Yes definitely profit would be less in coming quarters.But I believe RCL undervalued at current price level(60s).Let's see in coming quarters.

10ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Mon Apr 08, 2019 8:32 am

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ලෝකය තුල හා ල0කාව තුල ඉතා හොද නමක් දිනාගත් භාන්ඩ අතර ල0කා තේ,ල0කා ටයිල් ,ල0කා අල තවමත් හොද දේ සොයන අයගෙ තේරීමයි.පිටරටින් කොතරම් ටයිල් ගෙන්වනු ලැබුවත් ඒවගෙ තියෙන නිමාව සහ කල්පැවැත්ම ගැන එක වරක් පාවිච්චි කිරීමෙන්ම වෙනස වැටහෙන බැවින් පොඩි පසු බෑමක් තිබුනත් එය දීර්ඝ කාලීනව පවතී කියා පිලිගත නොහැක.ල0කාවෙ වසර දෙකකට පෙර කියපු සමහර දේවල් දැන් සැබැවෙනව කියන සමහරක්  මෙතරම් අඩුවට තියෙන කොටස් ගැන අනාගතය මෙතරම් පටු ලෙස මැනීම ගැන කියන්න දෙයක් සිතා ගත නොහැක.

11ROYAL CERAMIC (RCL) Empty Re: ROYAL CERAMIC (RCL) on Thu Apr 11, 2019 8:11 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Voting share (N):

Dividend per share (Rs.):
Voting :2.50

Financial year:
2018/2019

Shareholder approval:
Not required

XD date:
24 Apr 2019

Payment date:
06 May 2019

Share transfer book:
Open



Last year interim dividend 5rupees paid in march.Now 2.5 rupees being paid in April(looks 50% reduction).Hope this is interim dividend!!! Very Happy Very Happy Very Happy

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