GRAN & TAFL RESULTS

Slstock · 1 GRAN & TAFL RESULTS Fri Nov 04, 2011 3:35 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13509
Reputation : 1158
Join date : 2011-01-22

not announced on CSE yet will be soon
TAFL- quarter eps 3.33
GRAN - quarter eps 2.03
http://www.cse.lk/cmt/upload_report_file/491_1320397960146.pdf
http://www.cse.lk/cmt/upload_report_file/671_1320397847646.pdf

Last edited by slstock on Fri Nov 04, 2011 3:42 pm; edited 1 time in total

amilaela · 2 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 3:38 pm

amilaela

Senior Manager - Equity Analytics

Posts : 430
Equity Stars : 5352
Reputation : 18
Join date : 2011-10-06
Location : colombo

what is your openion?

mono · 3 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 3:51 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6427
Reputation : 93
Join date : 2011-01-21
Age : 103

not bad at all

Gaja · 4 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 4:01 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9816
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

mono wrote:not bad at all

as per review they mentioned rate of Percentage increase in the Cost of Sales exceeds the rate of Percentage increase in Revenue, considerable saving achieved on the Finance Cost

mono · 5 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 4:29 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6427
Reputation : 93
Join date : 2011-01-21
Age : 103

Gaja wrote:

mono wrote:not bad at all

as per review they mentioned rate of Percentage increase in the Cost of Sales exceeds the rate of Percentage increase in Revenue, considerable saving achieved on the Finance Cost

i was looking at tafl and their per unit margins have gone up from last quarter.

last quarter revenue/cost=304 696 / 278 493 = 1.09408854
this quarter revenue/cost=326 839 / 245 006 = 1.33400407

so they look much more profitable. i think the cost of maize may have gone down.

Gaja · 6 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 4:36 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9816
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

mono wrote:

Gaja wrote:

mono wrote:not bad at all

as per review they mentioned rate of Percentage increase in the Cost of Sales exceeds the rate of Percentage increase in Revenue, considerable saving achieved on the Finance Cost

i was looking at tafl and their per unit margins have gone up from last quarter.

last quarter revenue/cost=304 696 / 278 493 = 1.09408854
this quarter revenue/cost=326 839 / 245 006 = 1.33400407

so they look much more profitable. i think the cost of maize may have gone down.

In the Gran Report
The group turnover increased by 39% during the period under review
mainly due to increase in sales volume in the Feed Milling & Poultry
Breeder segments. However due to the higher cost of raw materials the
profit margins of all the products has been considerably reduced during
the 3rd quarter 2011. The efficient working capital management, lower
interest rates and favourable movement in exchange rates brought down
the group finance cost by 86% during the first nine months of 2011 when
compared with the same period of 2010

on TAFL Report
The breeder operation made profit during the period under review due to
the higher demand for day-old-chicks in the market. The performance of
breeder farms & hatcheries has improved significantly due to the
efficient farm management. The Management believes that the
profitability will improve further with the seasonal demand expected in
the final quarter of 2011.

LankanLion · 7 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 7:47 pm

LankanLion

Equity Analytic

Posts : 34
Equity Stars : 4887
Reputation : 3
Join date : 2011-06-28

Results looking good. will have to wait and see the market response on monday.

econ · 8 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 8:07 pm

econ

Global Moderator

Posts : 1479
Equity Stars : 8560
Reputation : 94
Join date : 2011-01-27

can we see another rally?

marusira · 9 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 9:56 pm

marusira

Senior Manager - Equity Analytics

Posts : 510
Equity Stars : 5672
Reputation : 7
Join date : 2011-03-06
Age : 84
Location : කහටගස්දිගිලිය

LankanLion wrote:Results looking good. will have to wait and see the market response on monday.

monday is holiday..... Very Happy

rijayasooriya · 10 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 10:02 pm

rijayasooriya

Senior Vice President - Equity Analytics

Posts : 1827
Equity Stars : 6946
Reputation : 134
Join date : 2011-05-25
Location : Matara

marusira wrote:

LankanLion wrote:Results looking good. will have to wait and see the market response on monday.

monday is holiday.....

Mainly depend on overall market condition.Although market is weak company performances are good.

marusira · 11 Re: GRAN & TAFL RESULTS Fri Nov 04, 2011 10:13 pm

marusira

Senior Manager - Equity Analytics

Posts : 510
Equity Stars : 5672
Reputation : 7
Join date : 2011-03-06
Age : 84
Location : කහටගස්දිගිලිය

rijayasooriya wrote:

marusira wrote:

LankanLion wrote:Results looking good. will have to wait and see the market response on monday.

monday is holiday.....

Mainly depend on overall market condition.Although market is weak company performances are good.

manuplation or some how I feel HVA and CLND something happen soon....(just what i feel)

Rapaport · 12 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 12:12 am

Rapaport

Assistant Vice President - Equity Analytics

Posts : 681
Equity Stars : 5868
Reputation : 55
Join date : 2011-02-01

BFL may perform similar or better i feel.

Cheers!

Slstock · 13 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 6:23 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13509
Reputation : 1158
Join date : 2011-01-22

Rapaport wrote:BFL may perform similar or better i feel.

Cheers!

Out of the 3 , yes BFL is in a stronger position due to their own Maize situation. Will be interesting to see whether the new farm has some impact.

ABEST · 14 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 9:19 am

ABEST

Senior Manager - Equity Analytics

Posts : 556
Equity Stars : 5886
Reputation : 14
Join date : 2011-06-26

normally chicken company's performance will be good in november and december

i think GRAN cash flow statement position is good

hariesha · 15 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 1:49 pm

hariesha

Vice President - Equity Analytics

Posts : 1058
Equity Stars : 7418
Reputation : 34
Join date : 2011-03-14

My view is TAFL is the best, as it's not directly exposed to maize price volatility.

Slstock · 16 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 2:03 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13509
Reputation : 1158
Join date : 2011-01-22

hariesha wrote:My view is TAFL is the best, as it's not directly exposed to maize price volatility.

Don;t they need maize as feed for Poultry Farming?

amilaela · 17 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 2:24 pm

amilaela

Senior Manager - Equity Analytics

Posts : 430
Equity Stars : 5352
Reputation : 18
Join date : 2011-10-06
Location : colombo

tafl is totaly gambling not like gran :p

Chabbi · 18 Re: GRAN & TAFL RESULTS Sat Nov 05, 2011 11:12 pm

Chabbi

Senior Manager - Equity Analytics

Posts : 371
Equity Stars : 5574
Reputation : 32
Join date : 2011-01-28
Age : 35
Location : Between HELL & HEAVEN :D

I Saw 2 negative aspect of GRAN Report

01. deleted Perera Exit from GRAN
02. Capital Trust Sec Exit from GRAN

I feel those are sentiments that market running rather than High EPS or Low PE doesent work out in CSE Razz