ROYAL CERAMICS PLC (RCL.N0000)

RCL is trading at 50% discounted price.This price will be good even tile import tax removed.If it go down further,then there will be further opportunity for collection.But RCL is not a crap share.We will see in future.

Yahapalanaya wrote:RCL is trading at 50% discounted price.This price will be good even tile import tax removed.If it go down further,then there will be further opportunity for collection.But RCL is not a crap share.We will see in future.

p/e=4.9, pbv= 1, d/y= 4.5%, ROE= 22.3%......... RCL is real gem

Dear Yahapalanaya ,

RCL share price is going further down. But it do not go beyond the 95. Actually RCL good share.  but not worth in this quarter.

See told I week a ago, this share price would go down. It almost became reality. That is way of Sri Lanka share market.

Richard_Branson wrote:Dear Yahapalanaya ,

RCL share price is going further down. But it do not go beyond the 95. Actually RCL good share.  but not worth in this quarter.

See told I week a ago, this share price would go down. It almost became reality. That is way of Sri Lanka share market.

More than 6 EPS in this Q.
Not worth in this quarter!!!!!!!!

It's very much worth at current price but do I think price will go down further?? YES...

That's because i don't believe in this unpredictable govt. they say they are business friendly but does something totally opposite.
I have minor fear of cutting down of import tax on construction materials such as tile. If that happen, all tile sector share prices will come down by at least 10%.


It's better to buy some now and wait and see until the budget is announced. That's what I did, I bought a bit and waiting to buy more RCL after the budget.

capitallinkceylon wrote:It's very much worth at current price but do I think price will go down further?? YES...

That's because i don't believe in this unpredictable govt. they say they are business friendly but does something totally opposite.
I have minor fear of cutting down of import tax on construction materials such as tile. If that happen, all tile sector share prices will come down by at least 10%.


It's better to buy some now and wait and see until the budget is announced. That's what I did, I bought a bit and waiting to buy more RCL after the budget.

I hope current price is worth evenif import tax completely removed.Look at its diversified PF and sale centre in Ausie.

Dear All,

Please see my prediction. It has come true. 

Dammika Perera has sold nearly 100,000 shares on November 9th. If it is a very good share, why he wants to sell 100k of shares? 

See the DEALINGS BY DIRECTORS in CSE Website. 

Because of government influence. He cannot deal against the movement. 

Royal CERAMICS LANKA PLC(RCL.N0000) share price will go down further. May be below 90. 

Think twice. This typical Sri Lankan stock market...!!

And also don't forget DP is a cunning player.....

Richard_Branson wrote:Dear All,

Please see my prediction. It has come true. 

Dammika Perera has sold nearly 100,000 shares on November 9th. If it is a very good share, why he wants to sell 100k of shares? 

See the DEALINGS BY DIRECTORS in CSE Website. 

Because of government influence. He cannot deal against the movement. 

Royal CERAMICS LANKA PLC(RCL.N0000) share price will go down further. May be below 90. 

Think twice. This typical Sri Lankan stock market...!!

From Where u found out that DP sold 100K Shares, i can't see any announcement to that effect?

Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

They are sold by Sampath bank where DP is a director.

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

Dear Richard_Branson

For your information I know that Dealing by Directors Published in the CSE Website.

I still stand by what i meant, DP didn't sold any Shares

If you are still not clear, please log in to the same are and read again and again to understand what said there.

Now don't say SAMP and DP are same.

Yahapalanaya wrote:

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

They are sold by Sampath bank where DP is a director.

within the last two weeks sampath bank sold 482 998 shares.. 

question is why they are not in the top 20 list of RCL.. 

Top Trader wrote:

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

Dear Richard_Branson

For your information I know that Dealing by Directors Published in the CSE Website.

I still stand by what i meant, DP didn't sold any Shares

If you are still not clear, please log in to the same are and read again and again to understand what said there.

Now don't say SAMP and DP are same.

sampath bank selling doesn't mean that DP wants to sell his companies..

shadow walker wrote:

Yahapalanaya wrote:

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

They are sold by Sampath bank where DP is a director.

within the last two weeks sampath bank sold 482 998 shares.. 

question is why they are not in the top 20 list of RCL.. 

http://forum.srilankaequity.com/t47843-rcl-dealing-by-directors?highlight=Dealing

Top Trader wrote:

shadow walker wrote:

Yahapalanaya wrote:

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

They are sold by Sampath bank where DP is a director.

within the last two weeks sampath bank sold 482 998 shares.. 

question is why they are not in the top 20 list of RCL.. 

http://forum.srilankaequity.com/t47843-rcl-dealing-by-directors?highlight=Dealing

i saw that thread dear..  but they are still unloading RCL shares..

Any idea who is buying?

shadow walker wrote:

Top Trader wrote:

shadow walker wrote:

Yahapalanaya wrote:

Richard_Branson wrote:Dear Top Trader,

Please log on CSE and see under "Dealing by Directors".

It has published today.

They are sold by Sampath bank where DP is a director.

within the last two weeks sampath bank sold 482 998 shares.. 

question is why they are not in the top 20 list of RCL.. 

http://forum.srilankaequity.com/t47843-rcl-dealing-by-directors?highlight=Dealing

i saw that thread dear..  but they are still unloading RCL shares..

As per the page no. 333, Samp hold 483,200 shares with the cost of Rs. 10.2 Mn

http://www.cse.lk/cmt/upload_report_file/431_1425466814710.pdf

However i feel RCL Secretaries should have informed the accumulated holding of the Sampath at RCL, will the whole shareholding info wrong?

shadow walker wrote:
within the last two weeks sampath bank sold 482 998 shares.. 

question is why they are not in the top 20 list of RCL.. 

Good observation.

They have sold them in Oct and Nov , between June report and Sept report.  

SAMP was not in shareholder list in June.
Only possibility is , they purchased them after 30th June 2015 and sold before Sept report. . But we can't see any announcement made regarding such purchasing. ???

p.s.
as per info given by TOP TRADER this goes into another dimension

Chinwi wrote:

shadow walker wrote:
within the last two weeks sampath bank sold 482 998 shares.. 

question is why they are not in the top 20 list of RCL.. 

Good observation.

They have sold them in Oct and Nov , between June report and Sept report.  

SAMP was not in shareholder list in June.  
Only possibility is ,   they purchased them after 30th June 2015 and sold before Sept report. . But we can't see any announcement made regarding such purchasing. ???

p.s.
as per info given by TOP TRADER this goes into another dimension

Chinwi, by looking at the Cost as per the Sampath Annual Report, they purchased it very long ago, and they have declared in their report.

So it is clearly indicate that Secretaries of the RCL, failed to give the correct numbers to the management, now my main concern is was it a genuine error or ??????

Are we in a position to satisfy the details given for the other companies as well, where the same Secretaries function?

Royal Ceramics Lanka PLC is engaged in holding of investments, and the manufacture and sale of wall tiles and floor tiles. The Company's segments are Tile & Associated products, Paints & Allied Products, Packaging Material, Finance, Sanitary Ware, Plantation, Aluminium and Other. The Company manufactures and retails porcelain and ceramic tiles under the brand name Rocell. The Company's subsidiaries include Royal Porcelain (Private) Limited, which is engaged in manufacturing and marketing of floor tiles and wall tiles; Rocell Bathware Limited, which is engaged in manufacturing and marketing of sanitary ware; Ever Paint and Chemical Industries (Private) Limited, which is engaged in manufacturing paints and allied products; Rocell Pty Limited, which is engaged in wholesale and retailing of floor tiles, wall tiles and bathware in Australia and Lanka Ceramic PLC, which is engaged in manufacturing and marketing of raw materials to ceramic industry and holding of an investment property.

Principle Business Activities
The main businesses were manufacturing wall tile, floor tile and bath ware reflecting the traditional line of business. But the much beautiful pace and colour has been added through aluminium extrusions,  plantations,  packaging,  paints and financial services  businesses.

Operational Performances
The group has experienced a remarkable compounded annual revenue growth of 40% for the last five years especially after the acquisition of Dhammika Perera and later on adopted unrelated diversification strategy. This strategy has helped the company to nullify the impact of declining profits in the manufacturing and selling of tile products but to introduce a robust growth channel on a sustainable basis.

The company now gradually expanding its business demographics beyond the shores and penetrating oversees markets including Australia. The overseas sales has grown from a 4% of total sales in 2014 to 6% of total sales in 2015 and the company hopes to make this ratio to 10% by 2016.

The company generates a significant ROE of 22.5% for 9months ending 31st December 2015 while the ROME @ CMP 22.2%. Given the significant revenue and profit growth the same-like ROE & ROME reveals the fact that RCL stock @ current price levels not reflecting its true profitability.



Valuation Multiples

RCL is currently trading at a PE multiple of 4x based on the forecasted FY PAT attributable to equity holders of Rs3,335mn for 2015/16 FY. The stock was trading at an average PE of 6.8x during the period 2013/14 and 2014/15. If the stock valued at a PE of 6.8x the stock should trade @ 204.7. Therefore I am of the opinion that RCL carries a significant upside potential in medium-term @ the current price of 119.90.



Thanks

Super Share . Expect massive profits for the FY ended recently

target price Rs 150.00

EPS Q4                  7.2
EPS (Anualised)    26.4
NAV                   132.05

Turnover incresed 11%
Profit before tax increased 55%

Where are pundits..
Again I am telling.It's progress cannot be stopped by taxes.Only thing can be done through threatening,white van,thuggery,etc..But this is Yahapalanaya..

Go RCL go...

Can someone please enlighten me why all Tile sector incurred heavy tax charges in March Qtr ?

RCL has achieved what I was expecting. They have achieved more than my expectation had they not booked extraordinary tax provisions in Q4 of 2015/16. Though the PAT was reduced by one-off provisions the revenue target is well within my expectations. Cheers for the future conglomerate.

Attractive profit from their last quarter....Forigners buy this share continuesly....Is there any news ?

Subdivsion or a good dividend expectation...?

Subdivision possible

Harry82 wrote:Subdivision possible

If its happen the targat price will be 150...

foreigners started to buy.
sort term target Rs 150.00