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Sri Lanka Equity Forum » Stock Market Talk » JOHN KEELLS PLC (JKL)

JOHN KEELLS PLC (JKL)

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1JOHN KEELLS PLC (JKL) Empty JOHN KEELLS PLC (JKL) on Thu Apr 21, 2011 10:08 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Everybody behind the JKL today? - Anything special or somebody is dumping?

2JOHN KEELLS PLC (JKL) Empty sudden interest on JKL on Thu Apr 21, 2011 10:09 am

marketsee

marketsee
Manager - Equity Analytics
Manager - Equity Analytics
sudden interest on JKL.Any reason?

3JOHN KEELLS PLC (JKL) Empty Re: JOHN KEELLS PLC (JKL) on Thu Apr 21, 2011 1:32 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
JKL is 87% owned by JKH, so free float is low - only 40,000 shares needed to be in Top 20 shareholders at 31/12/10.

Its book value per share was Rs44 at 31/12/10, and it owns the JKH head office at Glennie Street, Col 2. Land last revalued in FY09.

JKL 9mth net profit up 66% yoy to Rs237 mn as at 31/12/10, with stockbroking unit (76% owned JK Stock Brokers) doing very well - 9mth EPS was Rs8 based on 30.4 mn shares in issue now. With stock market doing well, and JK Stock Brokers also doing private placements in Free Lanka and Expo, company has benefited.

Final dividend is expected to be announced soon - JKL paid Rs10 dividend last year (on a FY10 profit of Rs230 mn, EPS of Rs15.3 - before split), although 1 into 2 share split has followed in FY11.

All in all though, based on quick look at fundamentals, cannot say that current share price of Rs230 is a huge bargain - but one potential catalyst to consider is whether stock broking subsidiary JKSB will be sold to JKH's commercial bank associate NTB in longer term.

4JOHN KEELLS PLC (JKL) Empty Re: JOHN KEELLS PLC (JKL) on Thu Apr 21, 2011 4:58 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
21-Apr-2011 Dividend Announcement - JKL

JOHN KEELLS PLC
Company ID: - JKL
Date of Announcement:-21.Apr.2011
Rate of Dividend: - Rs. 5.00 per share / First & Final Dividend
Financial Year: - 2010/2011
XD:-04.May.2011
Payment: - 13.May.2011
Share Transfer Book Open

5JOHN KEELLS PLC (JKL) Empty Re: JOHN KEELLS PLC (JKL) on Thu Apr 21, 2011 6:56 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Monster wrote:21-Apr-2011 Dividend Announcement - JKL

JOHN KEELLS PLC
Company ID: - JKL
Date of Announcement:-21.Apr.2011
Rate of Dividend: - Rs. 5.00 per share / First & Final Dividend
Financial Year: - 2010/2011
XD:-04.May.2011
Payment: - 13.May.2011
Share Transfer Book Open

If it is only for this reason today's run, then all i can ask is whether is it justifiable for the todays maximum price between 248 to 249, more than 40/= high compare yesterday's price

6JOHN KEELLS PLC (JKL) Empty Re: JOHN KEELLS PLC (JKL) on Thu Apr 21, 2011 8:28 pm

StocksWatch

StocksWatch
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is amazing how the market responds to a dividend announcement. The dividend announced is only Rs. 5 and people are ready to pay a premium of Rs 20 to get this.

Also almost in all instances, we can notice the fluctuation in price before the announcement is officially made. This means, in all these instances, the information is leaked!!!

7JOHN KEELLS PLC (JKL) Empty Re: JOHN KEELLS PLC (JKL) on Wed Apr 27, 2011 10:12 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Today it trading at 205 level you will get a dividend of 5, so any person if here who bought at 249 can you explain the insight of it, then in the future i thing new members will benefit

8JOHN KEELLS PLC (JKL) Empty Re: JOHN KEELLS PLC (JKL) on Wed Apr 27, 2011 11:13 am

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Gaja wrote:Today it trading at 205 level you will get a dividend of 5, so any person if here who bought at 249 can you explain the insight of it, then in the future i thing new members will benefit
They would've shifted transmission to HINDSIGHT from INSIGHT!

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