EXPOLANKA HOLDINGS PLC (EXPO.N0000)

Inventory pull forward pushing inbound containers to new highs

Mithooshan wrote:Steady collection at 119 - 123 levels !

We might be looking at 150 range soon @Captain !

Captain wrote:

Mithooshan wrote:Steady collection at 119 - 123 levels !

We might be looking at 150 range soon @Captain !

Actually we can expect beyond there.

Chathur wrote:Looking at TOP100 list noticed that MELSTACORP too entered into EXPO

Captain wrote:

Chathur wrote:Looking at TOP100 list noticed that MELSTACORP too entered into EXPO

Further funds will be enter by coming days. Pls protect ur shares. Based on present informations it could value arround 200.

Mithooshan wrote:

Captain wrote:

Mithooshan wrote:

When looking at share holder list change could see following points. 
Top share holders have grab further 4 to 5 Mn share from market.
Major shareholder also had bought further. KNOWING the companies future profitability.
Insurance funds are stil holding the share.

So Gud luck guys this may not get many days to go next stage 150 levels

EPS wrote:@ ON THE MONEY

Refer to your above Point number 5 - USD/LKR depreciation.......
below is my view & Open for discussion,

as at 30.06.2021 EXPO Financials disclosed Trade debts receivables as LKR 73 Bn.
31st march Annual report Segmental anal note, clearly shows more than 90% are foreign income.
Means, above LKR 73 Bn x 90% = LKR 65 Bn from Foreign Receivables, which is USD 330 Mn and this has to be valued at CBSL June closing Average of 199.47.
EXPO's debtor days are 60 - 65 days and hope, half of USD 330 recovered in July.

End July CBSL Exchange Closing 200.49 and increased by Rs.1
means they have realized Exchange Gain of 165 x 1 = USD 165 Mn  and same as unrealized another Exchange gain of 165 x 1 = USD 165 Mn. Means total gain to P&L = USD 330 Mn x 1 = LKR 330 Mn.

In same basis, august is best and I Assumed August CBSL closing may be 206 around (still pending) , So, they might get massive USD 330 Mn x 5 =LKR 1.6 Bn. (without considering additional sales impact to its revenue).

My expectation for September also Exchange rates can further go up say minimum to Closing 210/212 and if so, they can generate another LKR 1 - 1.2 Bn Exchange gains.

So, I hope they are in line to generate additional cash for Q2 = LKR 300 Mn + 1.5 Bn + 1.2 = 3 Bn.
If my predictions are correct, they will have to generate minimum of additional LKR 3 Bn for its Q2 and it will helps to boost their EPS by additional 1.5 due to USD/LKR depreciation.

Open for discussion and your views.

Good bad wrote:I think if this go this  Rhythm expo  goes to above 500 ! Any suggestions?

Captain wrote:

Good bad wrote:I think if this go this  Rhythm expo  goes to above 500 ! Any suggestions?

We don't know the target but. My advice for you Until next report is being out should not sell this for sure.

Venu123 wrote:Journey should be slow personally I believe as a expo holder otherwise some innocent people can be trapped. This is only my idea.

[size=14]Drewry World Container Index assessed by Drewry

• The composite index increased 2.1% or $204 this week, and also, remains 351% higher than a year ago.
  
• The average composite index of the WCI, assessed by Drewry for year-to-date, is $6,498 per 40ft container, which is $4,238 higher than the five-year average of $2,260 per 40ft container.
  
• Drewry’s composite World Container index increased by 2.1% or $204 to reach $9,817.72 per 40ft container, 351% higher than the same week in 2020. This is the 19th consecutive week of increases. Freight rates on Eastbound Transpacific lanes surged 4% or $393 to $11,362 from Shanghai to Los Angeles and 5% or $631 to $14,136 from Shanghai to New York per 40ft container. Spot rates on Shanghai to Genoa gained $203 to reach $13,464 for a 40ft box, a change of 594% Y-o-Y. Similarly, rates on Los Angeles to Shanghai grew 3% or $40 to $1,398 per feu. Freight rates on Shanghai to Rotterdam gained $89 to reach $13,787 for a 40ft box. However, rates from New York to Rotterdam dropped 1% or $12 to reach $1,142 per feu. Freight rates on Rotterdam to New York and Rotterdam to Shanghai remain stable at previous weeks level. Drewry expects rates to increase further in the coming week.
  

[size=21]Spot freight rates by major route

Our assessment across eight major East-West trades:

Source: Drewry Supply Chain Advisors[/size]