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Sri Lanka Equity Forum » Stock Market Talk » Stars Aligning for a TESS AGRO rally

Stars Aligning for a TESS AGRO rally

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1Stars Aligning for a TESS AGRO rally Empty Stars Aligning for a TESS AGRO rally on Thu Oct 15, 2015 11:42 am

Trend


Senior Equity Analytic
Senior Equity Analytic
http://www.colombopage.com/archive_15B/Oct10_1444498141CH.php


EU officials to arrive in Sri Lanka next month to review fisheries ban
Sat, Oct 10, 2015, 10:59 pm SL Time, ColomboPage News Desk, Sri Lanka.

Stars Aligning for a TESS AGRO rally Fishing
Oct 10, Colombo: A technical evaluation team of European Union is scheduled to arrive in Sri Lanka to review the ban on Sri Lankan fish exports to the European Union, a Fisheries Department official said.

Director General of the Fisheries Department Christy Perera said that several officials of the European Union are scheduled to arrive in Sri Lanka on the 7th of November.

Currently an official of the Indian Ocean Tuna Commission is in the island to study the relevant facts regarding the withdrawal of the EU fish export ban imposed against the country.

It is expected that the European Union would adopt a proposal to remove the fish export ban imposed on Sri Lanka after the representatives submitted their investigation reports to the European Parliament.

The Department said that out of the 57 conditions laid to Sri Lanka 35 of them have been fulfilled. These 35 conditions falls under the 36 essential conditions. The time period stipulated by the European Union for fulfilling these conditions ends on 31st of October.

The Director General expresses hopes that the fish export ban will be withdrawn by next year.

According to the Foreign Affairs Ministry, Sri Lanka's estimated loss of revenue since the European Union imposed the ban on the export of fishery products from the island nation since January exceeds US$ 75 million.

The European Commission October 2014 proposed to ban imports of fisheries products from Sri Lanka, the second biggest exporter to the bloc, due to Sri Lanka's failure to demonstrate that it sufficiently addressed illegal, unreported and unregulated (IUU) fishing. The ban went into effect from 14 January 2015.







Guys how much would TESS AGRO move if the fish ban is removed? The European Union is their main export region. 

It seems SL has fulfilled 35 of the 36 essential conditions already so the likelihood of the ban lifting is very high.

2Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Sat Oct 17, 2015 3:56 pm

gainonly


Manager - Equity Analytics
Manager - Equity Analytics

3Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Mon Oct 19, 2015 1:40 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
TESS will rally shortly .. grab all @ 1.80

4Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Mon Oct 19, 2015 2:51 pm

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Max. it can go upto 1.90 with the heat.

5Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Sun Nov 15, 2015 5:46 pm

Trend


Senior Equity Analytic
Senior Equity Analytic
Sathosa to buy local canned fish

By Chanaka de Silva


Sathosa will once more begin buying locally manufactured canned fish.
Sri Lanka Canners Association President Shiran Fernando told Ceylon FT that a million locally manufactured canned fish from three suppliers including...... from his company would be bought this way.
This was as a consequence of a meeting Finance Minister Ravi Karunanayake and Trade and Commerce Minister Rishad Bathiudeen had with local canned fish manufacturers in Colombo last week.
The purchase price by Sathosa has been fixed at Rs 140 a tin of canned fish.
The net weight has been fixed at 425 grams and drained weight,280 grams, per tin of canned fish, for both imported and local supplies.


Shiran Fernando is CEO of Tess AGRO

6Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Sun Nov 15, 2015 6:04 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
HOPE YOU DONT SEE STARS

7Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Mon Nov 16, 2015 7:31 am

EquityChamp

EquityChamp
Moderator
Moderator
Lot of stories, directors are selling yet.......... Question

8Stars Aligning for a TESS AGRO rally Empty Re: Stars Aligning for a TESS AGRO rally on Mon Nov 16, 2015 12:37 pm

Trend


Senior Equity Analytic
Senior Equity Analytic
This quarter results might be poor as the last due to the Fish ban not been lifted Yet.
I feel its a good medium term buy as there would a dramatic recovery in revenue and profits once the fish ban is lifted. This seems quite probable from the information available.

"The Department said that out of the 57 conditions laid to Sri Lanka 35 of them have been fulfilled. These 35 conditions falls under the 36 essential conditions" I find this to be quite positive.


Also your point about directors selling.

To be clear Directors are not selling.

It is only a related party to a director.

They are disclosing related party transactions as well to conform to stock exchange rules.

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