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Sri Lanka Equity Forum » Stock Market Talk » Expert Chamber » Touchwood Case Review

Touchwood Case Review

Go to page : Previous  1, 2, 3 ... 11 ... 20  Next

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21Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 12:24 am

xhora


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
no i wanted to know how did you get the screenshot of that entire thing??

22Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 12:52 am

chamith


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
oh,

You have to join them using a photo editing software. You even can use MS Paint and join one screenshot after another.

23Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 12:54 am

xhora


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
thought there would be a easier way Smile

24Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 8:36 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hiru wrote:Hi friends,

On which ground the Institute has issued the certificate of compliance?

In my view, if the company has not adjusted the retained earnings in accordance with the way Board suggested, the Institute is challenging its own decisions as the Board includes members of the Institute. If the Company has not adjusted as suggested and Institute has given the CC, then the Company will win the case for sure.

On the other hand, If the Company has adjusted opening balances as suggested by the Board, it can't defend the case.

Any idea please

Pls clear me that what u are trying to say, Certificate of Compliance i understands that some certain area like CSR, Compliance with Accounting Standards and Financial Presentation were evaluated by ICASL and awarded. This reveals company practice in valuing biological assets are line with the accounting standard ( IAS- Agriculture).

Court looked some different angle that SriLanka accounting Standard related to the valuation of biological assets is not gazetted, it still in the draft model. Since Monitory Board does not have a power to challenge the company practice in valuing the biological assets. ( Pls refer the BASL Newsletter for the brief discussion of the case, which is uploaded in our research website.

This is my understanding... anybody has different view...

25Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 11:10 am

dimuthubas


Stock Analytic
Stock Analytic
@xhora wrote:thought there would be a easier way Smile

1.Press the "Print Screen" once
2.open paintbrush
3.Ctrl+V

Got it. ;-) enjoy

26Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 12:39 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The present buying pressure reveals some good news we can expect from the company.

27Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 3:48 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
All thier profits are in Books. cash flow didnt look good until the rights issue. they havent given dividends for a last couple of years.

28Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 4:37 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.

29Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 4:42 pm

Sana


Senior Equity Analytic
Senior Equity Analytic
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

30Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 6:14 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Hawk Eye wrote:All thier profits are in Books. cash flow didnt look good until the rights issue. they havent given dividends for a last couple of years.

i think that is because of their business structure. they're like an investment fund. profits are a fair value assessment.

31Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 6:17 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Sana wrote:
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

can this be confirmed

32Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 6:23 pm

innam

innam
Manager - Equity Analytics
Manager - Equity Analytics
@mono wrote:
@Sana wrote:
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

can this be confirmed

The danger is that a lot of people MAY have bought the share based on the court case being tomorrow. If there is no "court case" then a lot of speculators will run for the exits unless the company can deliver good earnings.

33Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 6:31 pm

ha_na


Manager - Equity Analytics
Manager - Equity Analytics
@innam wrote:
@mono wrote:
@Sana wrote:
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

can this be confirmed

The danger is that a lot of people MAY have bought the share based on the court case being tomorrow. If there is no "court case" then a lot of speculators will run for the exits unless the company can deliver good earnings.

innam absolutely correct. I bought this share purely on technical ground between 22.9 - 23 last week. It is excellent formation you can rarely see. But I never expect it will run this high in a day. Uncertainty is always there as innam said. I existed around 32 because of the fear of keeping overnight.

34Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 9:34 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
you will not believe this. My broker called me at 20:58 and asked me not to sell my TWOD holding. He also told me that a certain group of people are going to push it tomorrow morning.

My guess is that the certain group is probably my brokerage. they most likely bought into this heavily around the 30 level and going to push it further. Tomorrow morning will be fun

35Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Wed May 25, 2011 9:48 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:you will not believe this. My broker called me at 20:58 and asked me not to sell my TWOD holding. He also told me that a certain group of people are going to push it tomorrow morning.

My guess is that the certain group is probably my brokerage. they most likely bought into this heavily around the 30 level and going to push it further. Tomorrow morning will be fun

I doubt that the brokers still believe that the investors believe in their advise at all.
When the broker instructs us to buy, we sell and vice-versa.

My broker calls me to ask me whether I want a cheque for the credit balalnce in my account.
He doesn't know that I am testing out my resistance levels of not buying some other shares with that balance. If one can wait still till the market goes down to re-invest will prove that one has self control.


36Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Thu May 26, 2011 12:17 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@mono wrote:
@Sana wrote:
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

can this be confirmed

My broker told me that tomorrow the hearing date and is confirmed. I think the date should be correct, otherwise we did not see these much of collection ( 13.5 mn shares were traded today)

will see what will be the outcome of the hearing.

37Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Thu May 26, 2011 12:21 am

ss7097

ss7097
Manager - Equity Analytics
Manager - Equity Analytics
@seyon wrote:
@mono wrote:
@Sana wrote:
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

can this be confirmed

My broker told me that tomorrow the hearing date and is confirmed. I think the date should be correct, otherwise we did not see these much of collection ( 13.5 mn shares were traded today)

will see what will be the outcome of the hearing.

Seyon, what do you think about the current price level of TWOD? Is it still undervalued according to your findings?

38Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Thu May 26, 2011 12:28 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ss7097 wrote:
@seyon wrote:
@mono wrote:
@Sana wrote:
@seyon wrote:Some are telling court case on 26th May 2011( Tomorrow), Some telling It is put off to 18th July 2011. which is correct. Anybody knows the exact details.


yes its exeactly on 18th july 2011.

can this be confirmed

My broker told me that tomorrow the hearing date and is confirmed. I think the date should be correct, otherwise we did not see these much of collection ( 13.5 mn shares were traded today)

will see what will be the outcome of the hearing.

Seyon, what do you think about the current price level of TWOD? Is it still undervalued according to your findings?


It is depend on the tomorrow court decision, if the outcome is favorable, then there will be other good run. Some of their investment are in the matured stage and going to harvest in one or two months. Then we will be able to have comparison their estimation on fair value of the biological assets against the actual results.

39Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Thu May 26, 2011 8:40 am

bmi


Senior Equity Analytic
Senior Equity Analytic
Thanks for the information guys. Seyon please check the situation of hearing whether it is today or 18th 0f July you have enough time befor the market starts

40Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Thu May 26, 2011 5:05 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@bmi wrote:Thanks for the information guys. Seyon please check the situation of hearing whether it is today or 18th 0f July you have enough time befor the market starts


Next hearing has been put off to 18th July 2011. I can not understand the investors behavior. Postponing case is not a matter to influence the share price as the decision going to favorable to the company. Pls refer the BASL judgment review ( http://research.srilankaequity.com/t96-touchwood-case-basl-bar-association-news-letter-judgement-views page no 4) Based on this the decision looks like favorable to the company.

Be patience whoever bought at high price, this will shoot up when discloses the financial, yesterday about 13.5Mn shares were traded and today about 6mn shares.

Will see the financial.

41Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Thu May 26, 2011 10:55 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Look at the Financial as of 30the September 2011 for the six months.

Net Earnings about Rs.86Mn

Total net assets is Rs.2.8Bn and Net Assets per share about Rs. 39.92.

When u analyze the balance sheet Cash and Cash Equivalents is reported 484 Mn, this is generated from the rights issue. This surplus cash would have been used for the new investment. So we will get very much attractive net assets in the Range of Rs.50-55 per share as at 31.03.2011, Further Agarwood plantations is in stage of harvesting, hence the fair value of these biological assets will boost the net assets.

I am pretty much sure, on disclosing the financial TWOD will have a other run.

Happy Trading


42Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Fri May 27, 2011 3:45 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Look some interesting information about Touchwood, I managed to get some information from their newsletter ( http://www.touchwood.com/PDF/TW.YIELD.pdf)

As i mentioned earlier coming financial statement would be very much attractive

Touchwood Delivers over $328,000USD in First Wave ofAgarwood Returns

Our goal at Touchwood is to provide sound investments that
deliver future value. And few products fit that requirement
better than our Agarwood investments. After totaling the returns
paid from November 2010 through the end of March 2011, we
are pleased to report a range of profitability that extends from
24.3% to 34.4% for clients who initially purchased our Agarwood
product.

These returns are just the beginning. In the coming months,
clients who have invested in subsequent agarwood packages
will begin to receive the profitability from their investments as
well.

25% Increase in Price per Tree

Due to the consistent level of quality graded Agarwood being
produced at our plantations we have negotiated a higher price
per KG. This means a higher return of US$250 will be paid out per
tree in quarter 2, an increase of US$50 over the previous quarter.
This proves the quality of our product and commitment to deliver
the best value possible to our clients.
Note: These figures are based on the agar trees that are 6 years old. Our
current 7 year product will hold a higher grade and quantity then the 6 year
meaning a higher level of return come harvest.


Bamboo Processing Plant: Furthering Profitability through High-Quality Timber Products

When it comes to ensuring your investment future, our highest
priority is providing investment products that deliver maximum
value through reliable returns. As such, we are proud to announce
the construction of a series of large-scale, multimilliondollar
processing plants – including a 30,000-square-foot
manufacturing plant and a 15,000-square-foot processing
plant, both located in Sri Lanka and set to open their doors for
production in June 2011 (please see photos on this page). In
Thailand the construction of a further plant is also on the way.
These facilities enable us to process bamboo and other raw
materials, instantly increasing the end value of our investment
products by producing high-grade bamboo flooring that has
been treated, lacquered and finished for sale. In addition, these
plants will create up to 100 jobs for local communities – an
essential component in our ongoing pledge to a triple bottom
line: people, planet, profit.

43Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Sat May 28, 2011 1:52 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Who gave _ rep.. Pls tell me the reasons

I do not understand the members behavior

44Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Sat May 28, 2011 5:08 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
must be someone who missed the bus, and got losses by getting on board at high.

45Touchwood Case Review  - Page 2 Empty Re: Touchwood Case Review on Sat May 28, 2011 9:01 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@seyon wrote:Who gave _ rep.. Pls tell me the reasons

I do not understand the members behavior

I just have done the research on this and Keep on updating my findings. I know there are people in this forum who might have earned profit in early run or who might have bought at high price. Unfortunately again the case has been put off to 18th July 2011, then the price was drop significantly, that is only reason i am updating the finding on TWOD and telling the people who bought at high price that not get panic and be Patience. Yes this will have other run after the financial released. I know the people who tried to pushed up the shares and booked some profit and last two days they are slowly collecting.

Further when i started to post regarding i did not have any single shares of Touchwood, even i did not trade during the run also. If u want to check my portfolio ( It is in Acuity Stockbrokers) I will give my CDS a/c personally.

Now i decided I will not be doing any posting in this forum hereafter, i going to be only the visitor.

Thanks guys for ur all support.

Happy Trading.

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