Lets analyse about GLAS

opfdo · 1 Lets analyse about GLAS Fri Jun 15, 2012 4:29 pm

opfdo

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EPS----------0.72
NAVPS-------3.36
PER----------7.36
Dividend------0.36
DY-----------6%
XD-----------13/08

Some Ratios
Current Ratio-------0.95 (Standard 2:1)
Quick Ratio---------0.46 (Standard 1:1)
ROE----------------45%
GP Margin----------29%
NP Margin----------13%
% of the other income compare with NP -----1.5%

Net Cash inflow from OP activities---796,178
Cash & cash equivalant-------------47,940

% of the public holding 19.16%

traderathome · 2 Re: Lets analyse about GLAS Fri Jun 15, 2012 4:32 pm

traderathome

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osmand wrote:EPS----------0.72
NAVPS-------3.36
PER----------7.36
Dividend------0.36
DY-----------6%
XD-----------13/08

Some Ratios
Current Ratio-------0.95 (Standard 2:1)
Quick Ratio---------0.46 (Standard 1:1)
ROE----------------45%
GP Margin----------29%
NP Margin----------13%
% of the other income compare with NP -----1.5%

Net Cash inflow from OP activities---796,178
Cash & cash equivalant-------------47,940

% of the public holding 19.16%

i am holding this one..... Very Happy

Dileepa · 3 Re: Lets analyse about GLAS Fri Jun 15, 2012 6:46 pm

Dileepa

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traderathome wrote:i am holding this one.....

FYI

Dileepa wrote:

raa wrote:
GLAS - 2 year hold if you think the company can weather the storm and show growth this year and next. Div yield is less than 7% but I buy hoping to get atleast LKR 0.50 dividend in 2 years.

On a previous post I raised some concerns about GLAS.
http://forum.srilankaequity.com/t16947-glas-for-long-term-investment
Expiration of tax free period, high cost of energy and the sky rocketing price of Soda ash might hit hard on glass profits.
http://runescape.wikia.com/wiki/Exchange:Soda_ash

Chinwi · 4 Re: Lets analyse about GLAS Fri Jun 15, 2012 9:31 pm

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Thank you for posting some sort of valuable analysis about a share . These days we see lot of people giving generalized ideas, internet copy-pastes etc.

Apart form your given data, I w'like to tell you GLAS has over 8 acres of bare land in Ratmalana - Borupana Road. [They shifted the factory to Horana and now wanted to cash the land.]
I saw their adv in newspapers recently. Still no news about finding a buyer. It will be a hard task actually.

If you re-value it in the books NAVPS will increase by 100% ( approx)
If they sold it, onetime EPS will be increased by about 3 Rupees.

මට මතක විදියට 5 බිලියන් වගේ. රත්මලාන පැත්තේ පර්චස් 1300 ක් ( අක්කර 8.5 x 160perch) වටිනාකම හදල බලන්න.

Even this is a onetime income they can settle all the loans (2.5 billion) and go forward in a strong way.

Another point:
We thought ever increasing fuel prices may eat the GLAS profits in next quarters and EPS may go down. Now some analysts say a barrel may go down to 60 $ in this year.

sapumal · 5 Re: Lets analyse about GLAS Fri Jun 15, 2012 10:19 pm

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Have foreign loans. exchange Losses will be high.

Slstock · 6 Re: Lets analyse about GLAS Fri Jun 15, 2012 11:04 pm

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sapumal wrote:Have foreign loans. exchange Losses will be high.

Already reported in March quarter. If $ drops more than march 31st then losses ( unrealised) can be a bit higher. But how much can the $ drop further. Rs 135-140? Will central bank do nothing if over Rs 140 ? Much higher 1$:Rs can effect economy badly in several sectors.

High time high energy utilizing companies look for alternative sources. TKYO is the leader in this aspect.

ronstyn · 7 Re: Lets analyse about GLAS Sat Jun 16, 2012 12:42 am

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sapumal wrote:Have foreign loans. exchange Losses will be high.

Although there will be some loss due to exchange, this is mitigated by
lower interest rates on $ loans and the increasing export sales .

sapumal · 8 Re: Lets analyse about GLAS Sat Jun 16, 2012 11:48 am

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Central Bank agreed to free float the dollar when asking IMF last tranches. Still oil is paid by liquidizing foreign reserves. To received next 400Mn oil bill must be paid by forex exported dollars. CB can either intervene or get the 400mn.
Government also targeting dollar to drop. That's why they don't reduce oil prices.

sapumal · 9 Re: Lets analyse about GLAS Sat Jun 16, 2012 12:03 pm

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Glass has lot of potential since it is operated from India and Piramal's can deal with Liquor manufactures.

ccsentha · 10 Re: Lets analyse about GLAS Sat Jun 16, 2012 10:00 pm

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SO glas IS the best stock in CSE? or is it among one of the best??

sapumal · 11 Re: Lets analyse about GLAS Sat Jun 16, 2012 11:43 pm

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Best stocks are hotels to me. But if Euro go into a crisis who knows what will happen

ccsentha · 12 Re: Lets analyse about GLAS Sat Jun 16, 2012 11:46 pm

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sapumal wrote:Best stocks are hotels to me. But if Euro go into a crisis who knows what will happen

hotels would be good if tourist turn up, can we attract them with proper marketing?? thats the big question

traderathome · 13 Re: Lets analyse about GLAS Sun Jun 17, 2012 12:01 am

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sapumal wrote:Best stocks are hotels to me. But if Euro go into a crisis who knows what will happen

hotels are good picks but i do not prefer southern coastal hotels.nuwareliya is a good pick Very Happy

ccsentha · 14 Re: Lets analyse about GLAS Sun Jun 17, 2012 12:07 am

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traderathome wrote:

sapumal wrote:Best stocks are hotels to me. But if Euro go into a crisis who knows what will happen

hotels are good picks but i do not prefer southern coastal hotels.nuwareliya is a good pick

why mate? beach are attractive, isn't it?

sapumal · 15 Re: Lets analyse about GLAS Sun Jun 17, 2012 11:49 am

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Go for hotels in Dambulla , Habarana, Sigiriya.
They earns good earnings throught the year.
Beach hotels earns lot during season. But off season not much

soileconomy · 16 Re: Lets analyse about GLAS Sun Jun 17, 2012 1:01 pm

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Glass converted their Rupee loans to Foreign currency some time back when Rupee was appreciating.
Since the Finance cost is mounting up ,as one member pointed out they may look at their real estate , cash it and settle their FCY loans.
For me Glass is attractive which dominates SL Market having more than 80% share

Last edited by soileconomy on Sun Jun 17, 2012 1:04 pm; edited 1 time in total (Reason for editing : spelling)

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Lets analyse about GLAS

1 Lets analyse about GLAS Fri Jun 15, 2012 4:29 pm

opfdo

2 Re: Lets analyse about GLAS Fri Jun 15, 2012 4:32 pm

traderathome

3 Re: Lets analyse about GLAS Fri Jun 15, 2012 6:46 pm

Dileepa

4 Re: Lets analyse about GLAS Fri Jun 15, 2012 9:31 pm

Chinwi

5 Re: Lets analyse about GLAS Fri Jun 15, 2012 10:19 pm

sapumal

6 Re: Lets analyse about GLAS Fri Jun 15, 2012 11:04 pm

Slstock

7 Re: Lets analyse about GLAS Sat Jun 16, 2012 12:42 am

ronstyn

8 Re: Lets analyse about GLAS Sat Jun 16, 2012 11:48 am

sapumal

9 Re: Lets analyse about GLAS Sat Jun 16, 2012 12:03 pm

sapumal

10 Re: Lets analyse about GLAS Sat Jun 16, 2012 10:00 pm

ccsentha

11 Re: Lets analyse about GLAS Sat Jun 16, 2012 11:43 pm

sapumal

12 Re: Lets analyse about GLAS Sat Jun 16, 2012 11:46 pm

ccsentha

13 Re: Lets analyse about GLAS Sun Jun 17, 2012 12:01 am

traderathome

14 Re: Lets analyse about GLAS Sun Jun 17, 2012 12:07 am

ccsentha

15 Re: Lets analyse about GLAS Sun Jun 17, 2012 11:49 am

sapumal

16 Re: Lets analyse about GLAS Sun Jun 17, 2012 1:01 pm

soileconomy

17 Re: Lets analyse about GLAS

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