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HAYC - Haycarb PLC

+2
glwking
Monster
6 posters

Go down  Message [Page 1 of 1]

1HAYC - Haycarb PLC Empty HAYC - Haycarb PLC Fri Mar 04, 2011 2:35 am

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

HAYC, is a subsidy of Hayles. The largest coconut shell based activated carbon manufacturer. Haycarb group has manufacturing plants in Sri Lanka, Thailand and Indonesia with marketing offices in the UK, Australia and USA.

The net profit has dropped in the recent quarters due to charcoal shortage in the local market. Due to the shortage of charcoal locally, the company was compelled to import 55% of its total requirement.

In my opinion coconut shell charcoal shortage (coconut shortage) is due to heavy rain in the country in the last quarter. The net profit should increase in the coming quarters once they get enough raw material locally.
Activated carbon demand is increasing every year in the world.

Currently it's trading on PER around 7-8. NVPS is 96/-. It should break minimum 200/- if they can able to get EPS 5.0 in the next quarter. Currently trading between 155 - 160. Isn't it attractive at this level?

Your opinion please!

2HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Fri Mar 04, 2011 5:11 pm

glwking

glwking
Manager - Equity Analytics
Manager - Equity Analytics

I bought HAYC in December last year @ 170/-. Annual EPS looks good. But this is going down day by day. Is there any thing behind which we don't know? Mad

3HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Fri Mar 04, 2011 7:13 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

glwking wrote:I bought HAYC in December last year @ 170/-. Annual EPS looks good. But this is going down day by day. Is there any thing behind which we don't know? Mad

Yes i'm also Red with HAYC for sometimes now & cannt figureout why its not moving. People dont like this share it seems. I dont think that most of the investors really care about all the HAYC issues ( charcoal etc) Monster mentioned. Gosh I wish they are.

I may buy some if it goes below Rs150.

4HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Fri Mar 04, 2011 7:20 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

UKboy wrote:
glwking wrote:I bought HAYC in December last year @ 170/-. Annual EPS looks good. But this is going down day by day. Is there any thing behind which we don't know? Mad

Yes i'm also Red with HAYC for sometimes now & cannt figureout why its not moving. People dont like this share it seems. I dont think that most of the investors really care about all the HAYC issues ( charcoal etc) Monster mentioned. Gosh I wish they are.

I may buy some if it goes below Rs150.
Still I am not holding any HAYC shares, but I am keeping my eye on this. But I will be collecting if it's goes below 150 level. It dropped to 155/- this week, which is 52kw low.

5HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Fri Mar 04, 2011 9:34 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

On the other hand HAYL is moving upwards, directors have collected HAYL shares recently again, RCL is also moving upwards, directors have purchased RCL shares as well. LFIN also perform well with an upward momentum. Is it some thing to do with proposal to merge these companies?

6HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Fri Mar 04, 2011 10:34 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

ShareShares wrote:On the other hand HAYL is moving upwards, directors have collected HAYL shares recently again, RCL is also moving upwards, directors have purchased RCL shares as well. LFIN also perform well with an upward momentum. Is it some thing to do with proposal to merge these companies?

I think this director buying HAYL is to anchor its dropppin market value.. It had a good run before Mr. KDDP made the mandatory offer and gradually fallen.. If they're showing any recovers with profits.. Yes it will hav another good time..

7HAYC - Haycarb PLC Empty Charcoal Effect Fri Mar 04, 2011 11:01 pm

ruchira nirash


Stock Trader

gUYS cHECK THIS OUT _
Sri Lanka Haycarb profits dip on higher charcoal prices, currency strength
Nov 02, 2010 (LBO) - Sri Lankan activated carbon manufacturer Haycarb's September quarter net profits fell 18 percent to 147.4 million rupees from a year ago owing to higher charcoal prices and stronger currencies, a statement said.

Sales of the group, part of the Hayleys conglomerate, rose 25 percent to 1.6 billion rupees in the September 2010 quarter.
The firm, which says it is the world's largest manufacturer of coconut shell-based activated carbon, said distribution and administration costs were sharply higher.

Earnings per share were 4.96 rupees in September 2010 compared with 6.06 rupees the year before.

"Local manufacturing operations posted a net profit growth of 10 percent for the half year, but profit for the second quarter reflected a decline of 11.6 percent over the corresponding quarter, principally as a result of higher charcoal prices," the company said.

Net profit for the first six months of the year rose 13.5 percent to 305 million rupees from the year before while group sales rose 22 percent to 3.1 billion rupees.

“Charcoal purchase prices in Sri Lanka have increased by more than 16 percent in comparison with the first six months of last year,” Haycarb Managing Director Rajitha Kariyawasan said.

The "significant appreciation" of local currencies against the US dollar in Indonesia, Thailand and Sri Lanka where Haycarb has manufacturing plants also reduced the group's gross margin, he said.
Higher raw material prices and appreciating currencies are expected to remain a challenge through the second half of the year, during which the impact of an increase in furnace oil prices would also be felt, Kariyawasan said.

The difficult economic environment in the US and Europe, along with intense competition makes it extremely difficult to pass on cost increases to customers, he said.

Haycarb's strategy of overhead recovery through higher capacity utilisation supported by growing demand for activated carbon and a focus on higher value products enabled it to mitigate to some extent the effect of increasing raw material and other production costs and the appreciation of local currencies, Kariyawasan said.

The company has also launched a new marketing campaign in international markets aimed at a strategic re-positioning of the firm as a top supplier of eco-friendly purification solutions for which Haycarb has developed a new corporate logo.

8HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Sat Mar 05, 2011 1:27 am

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

ruchira nirash wrote:gUYS cHECK THIS OUT _
Sri Lanka Haycarb profits dip on higher charcoal prices, currency strength
Nov 02, 2010 (LBO) - Sri Lankan activated carbon manufacturer Haycarb's September quarter net profits fell 18 percent to 147.4 million rupees from a year ago owing to higher charcoal prices and stronger currencies, a statement said.

Sales of the group, part of the Hayleys conglomerate, rose 25 percent to 1.6 billion rupees in the September 2010 quarter.
The firm, which says it is the world's largest manufacturer of coconut shell-based activated carbon, said distribution and administration costs were sharply higher.

Earnings per share were 4.96 rupees in September 2010 compared with 6.06 rupees the year before.

"Local manufacturing operations posted a net profit growth of 10 percent for the half year, but profit for the second quarter reflected a decline of 11.6 percent over the corresponding quarter, principally as a result of higher charcoal prices," the company said.

Net profit for the first six months of the year rose 13.5 percent to 305 million rupees from the year before while group sales rose 22 percent to 3.1 billion rupees.

“Charcoal purchase prices in Sri Lanka have increased by more than 16 percent in comparison with the first six months of last year,” Haycarb Managing Director Rajitha Kariyawasan said.

The "significant appreciation" of local currencies against the US dollar in Indonesia, Thailand and Sri Lanka where Haycarb has manufacturing plants also reduced the group's gross margin, he said.
Higher raw material prices and appreciating currencies are expected to remain a challenge through the second half of the year, during which the impact of an increase in furnace oil prices would also be felt, Kariyawasan said.

The difficult economic environment in the US and Europe, along with intense competition makes it extremely difficult to pass on cost increases to customers, he said.

Haycarb's strategy of overhead recovery through higher capacity utilisation supported by growing demand for activated carbon and a focus on higher value products enabled it to mitigate to some extent the effect of increasing raw material and other production costs and the appreciation of local currencies, Kariyawasan said.

The company has also launched a new marketing campaign in international markets aimed at a strategic re-positioning of the firm as a top supplier of eco-friendly purification solutions for which Haycarb has developed a new corporate logo.
This is an old news dude. But any how, thanks.

9HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Wed Mar 16, 2011 4:20 pm

glwking

glwking
Manager - Equity Analytics
Manager - Equity Analytics

HAYC is 52wk low today. I collected few hundred shares today. I think at this level it's attractive.

10HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Wed Mar 16, 2011 10:02 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

glwking wrote:HAYC is 52wk low today. I collected few hundred shares today. I think at this level it's attractive.
Last 4 Q EPS is 20.42. Currently trading on lower PER. QoQ is dropped by nearly 40% in the previouse quarter due to the shortage of raw materials (coconut shell) in the local market. If they can get enough raw materials, they should earn good profit in the coming days.

11HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Thu Mar 17, 2011 3:46 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

glwking wrote:HAYC is 52wk low today. I collected few hundred shares today. I think at this level it's attractive.

Cannt believe how come it has gone this deep in red. As I said earlier somehow this is not an attractive share for many people. Anyway I will go fishing tomorrow I totally forgot it today Sad.

12HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Tue Apr 05, 2011 1:29 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sri Lanka Haycarb mulls plantations acquisitions
Apr 05, 2011 (LBO) - Sri Lankan activated carbon manufacturer Haycarb is considering buying coconut plantations to ensure raw material supplies owing to shortages and rising prices, a company official said.
Rajitha Kariyawasan, managing director of Haycarb, a subsidiary of the Hayleys conglomerate, said the firm is also considering acquisitions to extend its global marketing reach and acquire technology.

The company has 15 percent of the global market for its coconut shell-based activated carbon products and is one of the few Sri Lankan firms that have become multi-national with production plants in Thailand and Indonesia.

Haycarb products are used in water and air purification and also in gold mining.

Almost 65 percent of the firm's cost of production is accounted for by its basic raw material - coconut shell charcoal, Kariyawasan told the LBO-LBR CEO forum Monday on placing Sri Lanka on the world map and the role of CEOs.

The forum, organised by Vanguard Management Services, was held at the Cinnamon Lakeside hotel and attended by company chief executives and other senior corporate officials.

A re-branding exercise last year revealed an "overwhelming need" for the company to make acquisitions to extend its distribution channel, acquire critical technology and ensure raw material supplies, Kariyawasan said.

The firm which has a total production capacity of 25,000 metric tonnes of activated carbon was considering acquisitions in the supply chain with backward integration in raw material.

"Today there's a crisis in commodities which are becoming scarce resources," Kariyawasan said, referring to sharp increases in the prices of key inputs like cotton and rubber that affect Sri Lankan manufacturers.

"The basic raw material for activated carbon, coconut shell, which you throw away after domestic consumption, is becoming a scarce resource.

"So being smart in the supply chain, we have been moving down the line into charcoal manufacturing and possibly, acquisition of plantations may become strategically important to support this brand," Kariyawasan said.

Haycarb already has its own charcoal manufacturing plant but is forced to import charcoal from time to time when local supplies run short.

High charcoal prices and a stronger rupee have also squeezed profit margins in recent quarters.

Last year coconut prices in Sri Lanka shot to record highs owing to shortages of nuts created by a poor harvest.

Coconut crops were reduced by the lagged affects of drought the previous year and lower application of fertiliser.

Kariyawasan also said Haycarb was considering acquisitions to expand its marketing channels, citing the manner in which medical gloves maker Ansell, where he had worked previously, expanded its global reach and acquired markets.

"At Haycarb a similar strategy is envisaged. We're looking to potential acquisitions - in the distribution channel, in value additions we could do out of Sri Lank and out of our overseas factories.

"It is very critical for us in acquiring the necessary applications knowledge."

Haycarb now does almost 80 percent domestic value addition.

"We aim to take it up to 90 percent. The importance of the product to Sri Lanka's economy lies in the tremendous value addition we do."

http://www.lbo.lk/fullstory.php?nid=1090101289

13HAYC - Haycarb PLC Empty Re: HAYC - Haycarb PLC Tue Apr 05, 2011 6:38 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

HAYC has risen to 168 today but its reaching an overbought region according to stochastics tech charts..
However, looks good on buying side as other indicators indicators are on upside too

http://www.bloomberg.com/apps/quote?ticker=HAYC:SL

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