TAFL Analysis

EquityChamp · 1 TAFL Analysis Wed Apr 13, 2016 8:05 am

EquityChamp

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The below are the trading stats for TAFL in April. This one looks more express than GRAN to me. As at yesterday's CMP TAFL has up more than 20%.

Trade Date	Open (Rs.)	High (Rs.)	Low (Rs.)	Close(Rs.)	Trade volume	Share Volume	Turnover(Rs.)
01/04/2016	88.5	89	86.3	88.6	51	40,512	3,572,879.90
04/04/2016	89.8	92.8	89.8	92.1	149	109,732	10,034,438.10
05/04/2016	92.8	102	92.8	99.7	241	231,192	22,476,344.80
06/04/2016	101	102	98	100.4	170	125,688	12,566,299.30
07/04/2016	101	105	99	102.9	112	61,201	6,359,650.10
08/04/2016	103	105	100	100.8	60	54,631	5,610,864.60
11/04/2016	102	104	98	102.5	154	94,546	9,443,390.30
12/04/2016	104	107	102	106.9	149	83,023	8,775,135.60

In total 800k shares were traded during the month so far. 20.5 mn shares were in the hands of major 20 shareholders and 3mn shares are only left. So I think this accumulation is far aggressive than GRAN and another couple of days accumulation will take the share to 110/- and from which point it is likely that the share hit 125-130 levels at the end of April. keep watching on the trading pattern of TAFL post holidays trading sessions. You can earn decent profits.

kassachandimal · 2 Re: TAFL Analysis Wed Apr 13, 2016 3:59 pm

kassachandimal

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Yeah TAFL was hovering like 20 rupees higher than gran. But recently it starting to make much gap between them.Now over 25rs.I think TAFL is heading to its real value. If it touch 125-130 @ this month end, Im sure 150 is not possible with impressive reports also due

samaritan · 3 Re: TAFL Analysis Wed Apr 13, 2016 5:22 pm

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TAFL earnings for the last 04Qtrs shows steady growth.
EPS for the last 04Qtrs = 23/38.
Trading P/E= 4.57
based on the above a target price of 200/= cannot be ruled out.

charith666lk · 4 Re: TAFL Analysis Wed Apr 13, 2016 6:16 pm

charith666lk

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I believe most valuable share in the current market is tafl. Its earning, Yoy growth,almost zero debt,roe,future potential and excellent managment is unbeatable.. The most important thing is with all of these it's still hugely undervalued. This is my personal view on this. Pls do your own analysis before buying.

Teller · 5 Re: TAFL Analysis Thu Apr 14, 2016 7:09 am

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Following Poultry stocks are in a risk now. India's 3 major poultry produces have agreed to provide products with 30% discount compare to current market prices in Sri Lanka. If they enter ,it will be a big issue for SL Companies.

chamil1 · 6 Re: TAFL Analysis Thu Apr 14, 2016 8:05 am

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Teller wrote:Following Poultry stocks are in a risk now. India's 3 major poultry produces have agreed to provide products with 30% discount compare to current market prices in Sri Lanka. If they enter ,it will be a big issue for SL Companies.

Source pls?

I don't think our Govt will be that stupid.

chamil1 · 7 Re: TAFL Analysis Thu Apr 14, 2016 8:07 am

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chamil1 wrote:

Teller wrote:Following Poultry stocks are in a risk now. India's 3 major poultry produces have agreed to provide products with 30% discount compare to current market prices in Sri Lanka. If they enter ,it will be a big issue for SL Companies.

Source pls?

I don't think our Govt will be that stupid.

And by the way would you give your children chicken imported from India ?? (and save 30%) Shocked

EquityChamp · 8 Re: TAFL Analysis Thu Apr 14, 2016 1:14 pm

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There I have a reasonable doubt on this statement due to the following.
a) Government wants to protect Sri Lankan boarder from the invasion of Bird Flu thereby importing chicken from India or any other country will be very very unlikely. Once upon a time Jonny did this but faced many criticism
b) GRAN & BFL supplying only a percentage of Sri Lanka's demand but a very significant portion is supplied by small scale and medium scale farmers. if you look at Wayamba province one of the main source of income for the people there is poultry. I don't think government will be that stupid to hit the income of these larger masses
c) We have a serious concern over food imported from India. Look at sugar, Bombay onions,etc. They are cheap in both price terms as well as quality terms.

So I can say likelihood of getting Indian shit here is very low and on the other hand not necessary as well because poultry industry here is very competitive as well as there is enough supply to meet demand.
Thanks