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Sri Lanka Equity Forum » Stock Market Talk » BAIRAHA FARMS PLC (BFL.N0000)

BAIRAHA FARMS PLC (BFL.N0000)

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21BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 3:05 pm

econ


Global Moderator
@Rajitha wrote:Just fYI if we take PE of around 30 it can be trading around Rs1000 and PE of 50 means like 1750.

Question is how can you justify buying a share of PE of 15 on poultry sector ( there are sectors that you can invest with less than half this PE)? This is considering the future problems as we clearly saw from foreign imports and bird flue to name a few( If you need more fish price going down comes under the same topic and government setting the max price of chicken low for the election times).

In my opinion only sector has very low PER is plantation sector.. it has reasons for that..
plantation is always vulnerable to weather,labor,world price etc. in poultry sector only concern is bird flu.. they have a monopoly as many lankans do eat chicken but not start poultry farms due to religious/ethical issues..
chicken imports does not work in Sri Lanka. many consumers fear of Indian chicken products.
government short term measures(price setting/selling by armed forces) does not work either.
Moreover , demand for chicken is increased day by day due to tourist inflow.
so poultry sector PER of 15 is justifiable unless some thing bad happens to chicks(bird flu).

22BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 3:05 pm

Rajitha


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chinwi wrote:econ's figure of 35 is mostly possible this year.

With the escalating world food prices and with their new ventures EPS may got to 50.00 next year.

In that context BFL is worth even now. No one seems to be in selling pressure. They are cash rich and will be able to go for more attractive ventures.
My only concern is its low Asset value per share.

I'm sorry mate but thats a completely misleading post. The high world food price have no impact on Sri lankan chicken. The raw material for the industry(food and rest) is taken from sri lanka mostly as importing cost 2 much and MAINLY there is a price cap for selling chicken and the are selling at the highest price possible at the moment. Also As even you posted if I can remember right BFL always have there most productive quarter as the year ending one with the festivals. After saying that how can you say you expecting even more earnings for this quarter? PLZ give valid reasons and not just false hope.

23BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 3:15 pm

mono


Vice President - Equity Analytics
Vice President - Equity Analytics
I thought BFL makes money by selling precut chicken pieces, which are much more expensive than the government cap, and by supplying the hotels.



Last edited by mono on Tue Feb 01, 2011 4:25 pm; edited 1 time in total

24BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 3:18 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
> I'm sorry mate but thats a completely misleading post.
don't worry about it. different people has different understanding levels. Some people understand the reality of Chinwi's reply but some will not



Last edited by sapumal on Tue Feb 01, 2011 4:00 pm; edited 1 time in total

25BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 3:45 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
Also As even you posted if I can remember right BFL always have there most productive quarter as the year ending one with the festivals. After saying that how can you say you expecting even more earnings for this quarter? PLZ give valid reasons and not just false hope.

Yes they usually do tend to have the highest quarters during december due to festive season. I am not promopting BFL. Just mentioned facts as I would for any share .

There is potential for future growth due to
1) they have gone for a new Farm with 10 years tax exemptions . More revenue mean more possible profit/
2) into maize cultivation so they can feed the chicks... ( cost saving)

Ofcouse poultry sector is vulnerable to external factors just like plantations. So BFL is no exception in that regard. We should also monitor each quarter.

26BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 4:28 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
The best part about the BFL madness came when Tubal made a comment about bird flu, Lol. the poor guy got jumped on.

27BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 5:36 pm

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Well EPS of 35 is on target and demand far out weighs supply....this will only increase. I think it's very realistic to expect BFL to settle around Rs. 600 or more....they have invested in new venttures as well. since they are debt free and cash rich they can look at looking in to more ventures or sharing the good times with the share holders via a bonus issue, something to keep in mind however is external shock like bird flu etc . at these levels it's very attractive.



28BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 5:46 pm

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Rajitha PE of 30 and 50 means the counter is over valued and hence not many people will buy unless there is avery good reason...i.e stellar growth in the form of a take over or a bonus issue etc.

Or a typical PCH scenario....

The facts presented by many including my self PE 15 to 20 with eps of approx Rs.35 is quite reasonable.

Risk is something we all have to take in to account when trading in any security be it internal or external. I also agree that if there is a break out of bird flu yes the chickens will suffer as a result specailly BFL as it is illiquid...Just like Plantations have their wage issues and are effected by weather patterns etc.

29BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 5:52 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@mono wrote:The best part about the BFL madness came when Tubal made a comment about bird flu, Lol. the poor guy got jumped on.

Oh yes, mono. I never thanked you for jumping into my rescue.

30BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 6:41 pm

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Exactly what I said in the PCH post....the zombie mentality where everything seems blurred....No sense can be driven in to people who are over whelmed by greed and who are hero worshipping a person or persons....any one seen to be going against theri beleifs are treated as traitors or conspiracy theorists. Tubal and Mono were at the receiving end .....PCH and BFL became a religion and MW was their god...nothing could stand in between.

31BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 9:01 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
spot on $$$ , hero worship is not really advisable when it comes to investing! The same can be said about getting married to your stocks. When I started investing a while back, I made that mistake with a few stocks and ended up in a real tight situation. It was simply because I failed to recognize the writing on the wall. I can see quite a few people doing that now.

32BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 9:13 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@tubal wrote:spot on $$$ , hero worship is not really advisable when it comes to investing! The same can be said about getting married to your stocks. When I started investing a while back, I made that mistake with a few stocks and ended up in a real tight situation. It was simply because I failed to recognize the writing on the wall. I can see quite a few people doing that now.


My beef is with the term 'expert' and all sycophantic fever that goes with it. it's far healthier to organize a community as a bunch of ordinary people learning how to invest, without having a group of people who are the leader with another group as followers.

33BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 01, 2011 11:57 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Whatever it is, people made good money from his advise. He is a person who should in a forum. like that. I feel he is heer too, but in different names.

BFL whatever said, looks risky at this stage. Anyhow, it will be pushed beyond Rs.600

34BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Wed Feb 02, 2011 8:59 am

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hey yall, I just poped in man! Should start with a reply to a BFL thread since it's my favorite from 97 rupees! LOL! IMO I think BFL will stay at this level for sometime and will move on, but better look at GRAN at these levels! People are still buying at 210+

Btw I'm having a paper at 2 so have to go! :/ Wish me luck yall! afro

35BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Feb 08, 2011 6:15 pm

themask

themask
Manager - Equity Analytics
Manager - Equity Analytics
Are they hit by floods? where is their maize cultivation?

36BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty BAIRAHA FARMS PLC (BFL) on Mon Mar 07, 2011 8:24 am

marketsee

marketsee
Manager - Equity Analytics
Manager - Equity Analytics
BFL
It was massively undervalued.I think it must trade around 600
Achievements

INFORMATION

March 2010

Bairaha Group becomes the largest and leading producer of broiler day-old-chicks.

November 2009

Bairaha Farms PLC. wins the Bronze award of the annual report in the Food & Beverage sector in the Annual Report Award Competition 2009 organized by Institute of Charted Accountants of Sri Lanka

November 2009

Fortune G-P Farms (Lanka) Ltd., has exported two consignments of Broiler Breeder Parent chicks to Nepal. This company is a member of the Bairaha Group. Fortune G-P Farms (Lanka) Ltd is one of the only two companies in Sri Lanka which produces Broiler Breeder Parent chicks.

August 2009

*

Bairaha Farms PLC. was adjudged the winner of the Silver Award in the category of Manufactures and Consumer Products awarded by Sri Lanka Malaysia Business Council.
*

Bairaha Farms PLC. was adjudged the joint winner of the Bronze Award in the category of Retailers of Finished Products awarded by Sri Lanka Malaysia Business Council.
*

Fortune G-P Farms (Lanka) Ltd. was awarded the Gold Award in the Medium category for Input Supplier (Poultry) awarded by National Agribusiness Council at the Agri-Business Awards-2009.

http://www.bairahalk.com/achievements.php

News & Event
2010-03-20 We are the largest
Bairaha Group becomes the largest...

2009-11-20 Award for Annual Report
Bairaha Farms PLC. wins the Bronze award of the annual report

2009-08-20 Awards 2009
Bairaha Farms PLC. was adjudged the winner of the Silver Award...

2009-06-20 Export of Broiler Breeder Parent chicks
Fortune G-P Farms (Lanka) Ltd., has exported two consignments of Broiler Breeder Parent chicks

http://www.bairahalk.com/news.php

Certifications & Accreditation
http://www.bairahalk.com/certifications.php

Group Activities

The core activities of the Group are vertically integrated poultry farming, chicken processing and manufacturing of pre-cooked meats and in particular of the followings.

* Breeding poultry and operating of hatcheries for the production and sales of both parent and commercial broiler day-old-chicks.
* Operating hundreds of outgrower farms as well as few large scale own broiler farms.
* Processing, distributing and selling of packeted whole broiler chicken and broiler chicken portions (cut-ups).
* Manufacturing, distributing and selling of pre-cooked meats including chicken sausages, chicken meat balls, chicken sandwich slices and marinated chicken.
* Importing and distributing, as the exclusive local agent, the world-renowned ‘Antec’ brand disinfectants from DuPont Animal Health Solutions of USA.
* Marketing and selling of other products for poultry farming, including sales of hypromeal (produced by recycling the by-products of poultry processing) to feed millers.
http://www.bairahalk.com/groupactivities.php




37BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Bairaha Farms PLC on Mon Apr 04, 2011 5:06 pm

pradeepk


Stock Analytic
Stock Analytic
BFL is the largest day old chick producer in SL. Chicken consumption in Sri Lanka is expected to increase 8kg from 5kg per person.Its already at its optimum capacity and expansion plans underway to increase capacity by half with a total investment of USD 3.2 mn.This allows them to sell more chicken and increase its market share.

ROE of the company is 55.76 showing the groups longterm competitivenes. Qtr 2 Qtr Earnings growing showing its durable comp. advantage. the growth in earning will add up and increse the underlying value of the Business. Solid cash flow and strong cash position gives more investment opportunities and barriers to entry to others. cashflow per share is 31.04.

The new BOI project to expand capacity is with a 10 year tax holiday which will reduce the tax/revenue % and increase its bottom line.

It has already become a high flying share, and should go further high

38BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Mon Apr 04, 2011 6:18 pm

porkchops


Stock Trader
BFL is one of the meat farms which received BOI approval. It will utilize the latest technology in meat production such as these.

Good Luck



Last edited by smallville on Tue Apr 05, 2011 6:39 am; edited 1 time in total (Reason for editing : due to disturbance to some audience)

39BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Mon Apr 04, 2011 9:17 pm

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
PLs don't upload these type of videos. Please.

40BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Mon Apr 04, 2011 10:14 pm

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics
@wiser wrote:PLs don't upload these type of videos. Please.

Agree with wiser.

41BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Apr 05, 2011 6:13 am

3mr


Senior Equity Analytic
Senior Equity Analytic
yap,

I believe it would cross the 500 barrier before this Friday and 600/= before the end of the month.

This is just my opinion. Do your own analysis before taking any decisions

thanks

42BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Apr 05, 2011 7:47 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I suffered losses from PCH and BFL last time.

43BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Apr 05, 2011 8:04 am

3mr


Senior Equity Analytic
Senior Equity Analytic
Hi soundchip,

Avoid buying on credit as much as possible
don't panic buy looking at your un-realistic losses as long as you are sure your stock is strong.
You do not lose any thing until you sell, so practice patience.
A strong stock with good earnings would go up in the due course.
Try to go against the crowd. Buy attractive stocks when the price is low and no one is willing to buy.
Don't follow the crowd and buy stocks at the peak.

Practice patience.
Never sell any position at a loss.

cheers
3mr

44BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Apr 05, 2011 8:08 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Soundchips wrote:I suffered losses from PCH and BFL last time.
Timing the market is immense important.. buy at the right time and sell once it reaches ur target is the key to sucess..

45BAIRAHA FARMS PLC (BFL.N0000)  - Page 2 Empty Re: BAIRAHA FARMS PLC (BFL.N0000) on Tue Apr 05, 2011 8:09 am

Milindaperera

Milindaperera
Senior Equity Analytic
Senior Equity Analytic
@3mr: Will reach 500 this Friday? Dont believe in wonders ... BFL is good and will reach this again 1 day .. bt nt this soon IMB...

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