Elpitiya Plantation another gold mine

dd · 1 Elpitiya Plantation another gold mine Wed Feb 09, 2011 3:25 pm

dd

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ELPL is a under valued share in the plantation sector with tremendous potential.Its net asset value is Rs 32/= and has a earnings per share(EPS) of Rs 3/= (for the six month period ended 30th September 2010).If we simply assume that the EPS could be doubled to Rs 6/=for the full year then the share is trading at a multiple of 7 times earnings. This is far below the multiples of other plantations with exposure to rubber.

ELPL has a 13% contribution from rubber and a further 8% contribution from oil palm and the balance coming from tea to its turnover.This makes ELPL a stock with high growth potential in the short term with rubber and oil palm prices reaching all time high in the world market.

What do you think about

salt · 2 Re: Elpitiya Plantation another gold mine Wed Feb 09, 2011 3:47 pm

salt

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Little more detailed discussion is here

http://forum.srilankaequity.com/t436-should-we-buy-plantations

http://forum.srilankaequity.com/t509p10-watch-madu

hotstock · 3 Re: Elpitiya Plantation another gold mine Wed Feb 09, 2011 3:58 pm

hotstock

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Recently they had a share split if i can remember

was it 1 into 2?

Did you consider the NAV after split?

Rajitha · 4 Re: Elpitiya Plantation another gold mine Wed Feb 09, 2011 4:22 pm

Rajitha

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dd wrote:ELPL is a under valued share in the plantation sector with tremendous potential.Its net asset value is Rs 32/= and has a earnings per share(EPS) of Rs 3/= (for the six month period ended 30th September 2010).If we simply assume that the EPS could be doubled to Rs 6/=for the full year then the share is trading at a multiple of 7 times earnings. This is far below the multiples of other plantations with exposure to rubber.

ELPL has a 13% contribution from rubber and a further 8% contribution from oil palm and the balance coming from tea to its turnover.This makes ELPL a stock with high growth potential in the short term with rubber and oil palm prices reaching all time high in the world market.

What do you think about

Its called 1->3 split. You should check the company accouterments in CSE site Smile

OFC ELPL is a good share thats in to oil palm but... check the values again !

Slstock · 5 Re: Elpitiya Plantation another gold mine Wed Feb 09, 2011 4:27 pm

Slstock

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Rajitha wrote:

dd wrote:ELPL is a under valued share in the plantation sector with tremendous potential.Its net asset value is Rs 32/= and has a earnings per share(EPS) of Rs 3/= (for the six month period ended 30th September 2010).If we simply assume that the EPS could be doubled to Rs 6/=for the full year then the share is trading at a multiple of 7 times earnings. This is far below the multiples of other plantations with exposure to rubber.

ELPL has a 13% contribution from rubber and a further 8% contribution from oil palm and the balance coming from tea to its turnover.This makes ELPL a stock with high growth potential in the short term with rubber and oil palm prices reaching all time high in the world market.

What do you think about

Its called 1->3 split. You should check the company accouterments in CSE site
OFC ELPL is a good share thats in to oil palm but... check the values again !

Think it was a 1 to 2 split.