JKH - 4Q results out on CSE website

cse.alpha · 1 JKH - 4Q results out on CSE website Fri May 20, 2011 4:30 pm

cse.alpha

Senior Manager - Equity Analytics

Posts : 336
Equity Stars : 5616
Reputation : 112
Join date : 2011-01-28

JKH - 4Q results out on CSE website
http://www.cse.lk/cmt/upload_report_file/508_1305884199704.pdf
4Q profit down 10% yoy to Rs 2,551 mn
Lots of share trading gains to consider in last few quarters (in KHL and AHPL)
Rs 468 mn gain for change in value of investment property in 4Q

UKboy · 2 Re: JKH - 4Q results out on CSE website Fri May 20, 2011 5:41 pm

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7532
Reputation : 391
Join date : 2011-02-08
Location : Earth

cse.alpha wrote:JKH - 4Q results out on CSE website
http://www.cse.lk/cmt/upload_report_file/508_1305884199704.pdf
4Q profit down 10% yoy to Rs 2,551 mn
Lots of share trading gains to consider in last few quarters (in KHL and AHPL)
Rs 468 mn gain for change in value of investment property in 4Q

This is bit better than I was expecting & next quarter results will also another highly doubtful one.

hhperera · 3 Re: JKH - 4Q results out on CSE website Fri May 20, 2011 8:27 pm

hhperera

Equity Analytic

Posts : 20
Equity Stars : 4983
Reputation : 2
Join date : 2011-04-26

For the 4q, although profits are down 10%, there seems to have been
about a 10% gain in the share price.

This seems counter-intuitive.

Is it just the CSE behaving irrationally as per usual or?

Any thoughts guys?

tubal · 4 Re: JKH - 4Q results out on CSE website Fri May 20, 2011 9:19 pm

tubal

Vice President - Equity Analytics

Posts : 1047
Equity Stars : 6476
Reputation : 243
Join date : 2011-01-27

hhperera wrote:For the 4q, although profits are down 10%, there seems to have been
about a 10% gain in the share price.

This seems counter-intuitive.

Is it just the CSE behaving irrationally as per usual or?

Any thoughts guys?

That is the usual pattern. If price rises dramatically before earnings are released expect a bad result. Of course JKH result isn't really bad, but I don't think it's what retailers expected. But expect it to get worse when they have no more family jewels to sell to bolster the bottom line through extra ordinary items.

hhperera · 5 Re: JKH - 4Q results out on CSE website Fri May 20, 2011 10:20 pm

hhperera

Equity Analytic

Posts : 20
Equity Stars : 4983
Reputation : 2
Join date : 2011-04-26

tubal wrote:

hhperera wrote:For the 4q, although profits are down 10%, there seems to have been
about a 10% gain in the share price.

This seems counter-intuitive.

Is it just the CSE behaving irrationally as per usual or?

Any thoughts guys?

That is the usual pattern. If price rises dramatically before earnings are released expect a bad result. Of course JKH result isn't really bad, but I don't think it's what retailers expected. But expect it to get worse when they have no more family jewels to sell to bolster the bottom line through extra ordinary items.

hey Tubal,

I was just flipping through your historical posts, you seem to have an interesting take on market. Just out of curiosity if your were to invest in a large cap company over the next month- purely on a basis of higher expected operating results. (irrespective of cse investor trends) i.e "value investing".

Which company would it be?

(seems like, you aren't a fan of how jkh portrays it's earning- so let's exclude jkh)!

tubal · 6 Re: JKH - 4Q results out on CSE website Sat May 21, 2011 7:12 am

tubal

Vice President - Equity Analytics

Posts : 1047
Equity Stars : 6476
Reputation : 243
Join date : 2011-01-27

hhperera wrote:

tubal wrote:

hhperera wrote:For the 4q, although profits are down 10%, there seems to have been
about a 10% gain in the share price.

This seems counter-intuitive.

Is it just the CSE behaving irrationally as per usual or?

Any thoughts guys?

That is the usual pattern. If price rises dramatically before earnings are released expect a bad result. Of course JKH result isn't really bad, but I don't think it's what retailers expected. But expect it to get worse when they have no more family jewels to sell to bolster the bottom line through extra ordinary items.

hey Tubal,

I was just flipping through your historical posts, you seem to have an interesting take on market. Just out of curiosity if your were to invest in a large cap company over the next month- purely on a basis of higher expected operating results. (irrespective of cse investor trends) i.e "value investing".

Which company would it be?

(seems like, you aren't a fan of how jkh portrays it's earning- so let's exclude jkh)!

scalp BUKI and CARS. Most often when they drop a bit some philanthropist who loves to see a green index buys a 100 at the upper end of the spread. The only problem is there's not much depth so about 180,000 is about the most you can invest here. Shall we talk about mid caps?
Very Happy