CEYLON TEA BROKERS PLC (CTBL.N0000)

seek wrote:In general, tea based plantation companies and tea brokering firms should do well in coming months since Sri Lankan firms are now getting a good price from the buyers.  

• Tea export earnings in the first eight months of the year increased by Rs. 10.6 billion year on year (YoY) to Rs. 123.1 billion
• Sri Lanka’s tea export earnings in August increased by Rs. 6.2 billion to Rs. 18.8 billion YoY.
• Tea export volumes increased appreciably by 9.5 million kg. YoY to 31.4 million kg.
• The average tea price in the first eight months of the year increased by Rs. 47.10 to Rs. 599.45 per kg.
• All elevations showed a YoY growth, with Low Growns showing the biggest gain.

Source :- http://www.thesundayleader.lk/2013/10/06/tea-exports-hit-rs-123-bn/

Regarding CTBL,
1. It is in a clear path in terms of revenue growth and market share according to the quantity sold. The market share has grown from 2.5% to 9% over last 7-8 years and revenue has grown to 203 Mn from 116 Mn which is almost 75% during last four years.
2. CTBL has done well in Low Grown segment which is more profitable and currently hold 14% of the market share.
3. Price of a kilo of low grown teas has continuously hit over 490 Rs during last for weeks and on 25-Sep it has hit record figure of 506 Rs.

seek wrote:CTBL last 6 months figures
Profit from operations 13 M (16% improvements from first 6 months of 2012)
Finance income 35 M (70% improvements from first 6 months of 2012)
Profit before taxation 48 M (51% improvements from first 6 months of 2012)
Operational profit is only 27% from total profit.

Under current assets
Loans to tea suppliers 91 M(700% improvements from first 6 months of 2012)

It seems that with the backing of CT holdings, CTBL is acting like a small finance company to small scale tea producers.

CTBL is in a position to report at least 70 cents by the year end 2013/14 and declare dividend of 35 or 40 cents by mid next year.

Hawk Eye wrote:I have CTBL.  I believe CTBL should have improved performance for this qtr.

Read below article which shows that tea production /Demand & Price improved after August ending the Year on high note. HOPL results proved it,so the tea brokers including CTBL.

Even I may be wrong, But I included it in my PF

http://www.ft.lk/2014/01/02/sri-lanka-tea-review-2013-and-outlook-for-2014/
Sri Lanka Tea Production during the year 2013 could have well reached an all time high of 335 Mnkg(Record production)....Sri Lanka had an extraordinary year, with prices for Ceylon Tea moving on their own and seemingly out-of-sync with the rest of the world.........From August demand increased steadily as channels of supply to key markets improved. The market that was looking for direction during Q2 improved rapidly from early Q3 and remained strong all the way through to the end of 2013....

slstock wrote:I have been watching this  (  not in my portfolio) but last time I checked their NAV was a concern for a longer term  investment. It can change if earning are good.

Chinwi wrote:

slstock wrote:I have been watching this  (  not in my portfolio) but last time I checked their NAV was a concern for a longer term  investment. It can change if earning are good.

Sorry I forgot to mention about the low NAV.

Th main concern is,  Trade and Other Receivables comprises 75% of their total assets  which is very unusual and alarming for any other company.

This may be due to their business model ; the figure is continuing . Can anybody enlighten us about this ?

Teller wrote:Why CTBL? We should not miss this stock. Required quantities were traded , new support created and bios upward curve to 97.2% means 21% ,price appreciation should be. They have paid dividends regilulary even  good and bad time also, based on the trending chart ,im sure its must be touched  4.50 LKR, definitely 4.30 LKR, weighted averages against cash flow and Navps. Buying 3.50 to 3.60 is the best




CTBL DIVIDENDS
2018 /2019  0.35 LkR
2017/2018 0.32 LKR
2016/2017 0.17 LKR
2015/2016 0.15 LKR

Remember, TELLER SAID IS SAID..

ipo wrote:whats happening to CTBL these days?