This post is not for promoting the share, there are members who interested in financial statement. I just have done the analysis
Let us look at the financial statement as of 31.03.2011
Revenue - Rs.1,589,740,889 out of that Gain Arising from Changes in Fair Value of Biological Assets Rs.1,327,423,575 ( different between the value of biological assets of 2010 & 2011) then the balance of Rs.262,317,314 reporting for Plantation Establishment and Maintenance Income and commission income, which is realized income.
Looking the Revenue,Provision for Purchase Back Guarantee,Fair value of the biological assets and the pattern of each financial stream between the 1st six months to second six months indicates that some of their plantation are in the matured stage ( Agarwood Plantation). Hence the coming quarter we might see the actual return/ fair value from the harvest from these plantation. This will boost the company profit and the cash flow.
Net assets is very much attractive reporting Rs.50, 50% discount to the current Mkt value
Further we can see 385Mn ( from the right issue) cash equivalent is yet to be used for the future investment, As i mentioned company is looking to invest in Bamboo Processing Plant in June 2011
Picked From Newsletter
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.
Our expected case against SLAASMB postponed to 18th July 2011
The said Supreme Court Case No SPL LA 42/10 had been postponed on numerous occasions and finally it is fixed for hearing on the 18th of July 2011.