Glas - Audited financial statements . 31/03 /2011

milanka · 1 Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 5:30 pm

milanka

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http://www.cse.lk/cmt/upload_report_file/666_1303816969198.03.2011.pdf

econ · 2 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 6:16 pm

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it seems they have bounced back well from a loss last year.
currently trade at fair value with around 19 PER

Intrinsic · 3 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 6:59 pm

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Friends, Have they announced any dividends for 2010/11 ?
Thanks,

gfte · 4 dividend GLas Tue Apr 26, 2011 7:14 pm

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yes 0.30cents/share ,
dates to be noticed

milanka · 5 Last Quarter 2010 Analysis. Tue Apr 26, 2011 7:20 pm

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Last Quarter 2010 Analysis.

http://forum.srilankaequity.com/t34-piramal-glass-rev-up-28-to-rs-11-bln-in-last-quarter

smallville · 6 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 8:44 pm

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EPS was 0.61.. My expectations was at least 0.66 EPS.. since the MFG sector PE has come down to 23.3 on a fair valuation this doesn't attractive more than the current price now.. ;(

Gaja · 7 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 9:07 pm

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I couldn't find the top 20 shareholder details

Academic · 8 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 9:16 pm

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Simply, it is overvalued. The reason is PE ratio is largely determined by future growth of EPS. As I explained in http://forum.srilankaequity.com/t1310-piramal-glass-glas#20086 GLAS's real sales growth is limited. So it do not deserve sector PE 23. IMHO, even 19 is little overvalued.

Monster · 9 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 9:46 pm

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Academic wrote:
Simply, it is overvalued. The reason is PE ratio is largely determined by future growth of EPS. As I explained in http://forum.srilankaequity.com/t1310-piramal-glass-glas#20086 GLAS's real sales growth is limited. So it do not deserve sector PE 23. IMHO, even 19 is little overvalued.

Currently trading on PE ratio closed to 19. So it's fairly valued (not overvalued). It may appreciate little further expecting similar profit in the next quarter.
disclosure : I am not holding GLAS shares in my portfolio

cse.alpha

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GLAS 4Q net profit is Rs179 mn, down slightly from Rs190 mn in 3Q.

Annualising 4Q earnings, on basis of the last three strong quarters, gives a forecast forward FY12E EPS of around Rs0.75 - which still gives a forward PER of over 15x at Rs11/50, which is probably fair value for monopolistic market position.

But export sales have fallen yoy, and company still has rather high gearing (benefited from low interest rates in FY11).

mark

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this is fairly valued now.........attractive share for long term investment..

Gaja

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http://www.ft.lk/2011/04/27/primal-glass-shines-with-best-ever-performance-in-201011/

ShareShares

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Thanks for very useful information. GLAS seem to have a good future.

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Glas - Audited financial statements . 31/03 /2011

1 Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 5:30 pm

milanka

2 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 6:16 pm

econ

3 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 6:59 pm

Intrinsic

4 dividend GLas Tue Apr 26, 2011 7:14 pm

gfte

5 Last Quarter 2010 Analysis. Tue Apr 26, 2011 7:20 pm

milanka

6 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 8:44 pm

smallville

7 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 9:07 pm

Gaja

8 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 9:16 pm

Academic

9 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 9:46 pm

Monster

10 Re: Glas - Audited financial statements . 31/03 /2011 Tue Apr 26, 2011 11:25 pm

cse.alpha

11 Re: Glas - Audited financial statements . 31/03 /2011 Wed Apr 27, 2011 12:04 am

mark

12 Re: Glas - Audited financial statements . 31/03 /2011 Wed Apr 27, 2011 9:41 am

Gaja

13 Re: Glas - Audited financial statements . 31/03 /2011 Wed Apr 27, 2011 5:05 pm

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14 Re: Glas - Audited financial statements . 31/03 /2011

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