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DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Vote_lcap68%DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Vote_rcap 68% [ 178 ]
DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Vote_lcap18%DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000)

DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000)

+37
EPS
dmtmadusanka
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Thushara Ayya


Vice President - Equity Analytics
Vice President - Equity Analytics

Yes dividend is on the way...

soileconomy and agentnrox like this post

lakymahesh


Senior Equity Analytic
Senior Equity Analytic

Any reason ?

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics

@RJ1010 wrote:CSE works in opposite direction. Negative outcome shares going up, positive income shares coming down 😄 it’s collection at low and profit taking effect

ANC will talk, 😂

judecroos likes this post

dmtmadusanka


Senior Equity Analytic
Senior Equity Analytic

@Dilendra23 wrote:after the heavy tax by budget why is the share moving up any information? and is a dividend on the way?


Who imposed the heavy tax

EPS


Expert
Expert

@soileconomy wrote:Still wonder why HJ has let DIST to play like this..,..

DIST
Today we can see some BULL attacks to DIST. May be price can go up soon.
MELS already passed Rs.65/-
But, DIST stay 22 - 24 range for long period. It also can move at any unexpected time like AEL.
Q1 during Covid quarter EPS 0.21.
But, Q2 EEPS 0.57.
Q3 can be better during December festival season.
Any how, DIST is a strong company and with the increase of ASI to new higher of 8000, this price also should adjust.
Watch now.

EPS

EPS
Expert
Expert

At the end of trading, It's clearly witness bullish patter in DIST.
This is one of, non moving share during last 2 - 3 months.
I can see something is happening here, because MELS price gone from 35 to 65, but DIST has not moved yet.
As per below, www.investing.com mentioned as "STRONG BUY".
If some one expert in Technical charts, can explain this?
--------------------------------------------------------------
DIST Technical Analysis
Weekly
Summary:
STRONG BUY

Moving Averages : BUY Buy (12) Sell (0)
Technical Indicators : STRONG BUY Buy (7)Sell (0)

Pivot Points Jan 22, 2021 01:22PM GMT

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 20.60 21.40 22.90 23.70 25.20 26.00 27.50
Fibonacci 21.40 22.28 22.82 23.70 24.58 25.12 26.00
Camarilla 23.77 23.98 24.19 23.70 24.61 24.82 25.03
Woodie's 20.96 21.58 23.26 23.88 25.56 26.18 27.86
DeMark's - - 23.30 23.90 25.60 - -

Technical Indicators Jan 22, 2021 01:22PM GMT
Name Value Action
RSI(14) 76.971 Overbought
STOCH(9,6) 68.795 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 1.760 Buy
ADX(14) 32.511 Buy
Williams %R -1.316 Overbought
CCI(14) 149.3712 Buy
ATR(14) 1.5500 Less Volatility
Highs/Lows(14) 3.3214 Buy
Ultimate Oscillator 72.491 Overbought
ROC 32.432 Buy
Bull/Bear Power(13) 4.5860 Buy
Buy: 7 Sell: 0 Neutral: 0
Summary : STRONG BUY

Moving Averages Jan 22, 2021 01:22PM GMT
Period Simple Exponential
MA5 22.56
Buy 23.13
Buy
MA10 21.80
Buy 21.90
Buy
MA20 20.00
Buy 20.18
Buy
MA50 17.39
Buy 18.25
Buy
MA100 16.80
Buy 16.71
Buy
MA200 14.06
Buy 19.99
Buy
Buy: 12 Sell: 0
Summary : BUY

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics

Dividend is on the way...


Last year announcement on 26th May 2020




DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Tu4DKecaZzsAAAAASUVORK5CYII=

agentnrox likes this post

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics

Who sold 5.2 million shares @ 18?

seany


Equity Analytic
Equity Analytic

DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 KakWI4ESIAESIAEdowARX7HOozNJQESIAESIIFNCVDkNyXFciRAAiRAAiSwYwQo8jvWYWwuCZAACZAACWxK4P8DAvrwPc1fCMQAAAAASUVORK5CYII=

seany


Equity Analytic
Equity Analytic

can expect a run soon bounce bounce

Bakkabwoi

Bakkabwoi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

took positoins in distilleries. mainly due to long consolidation, incoming dividend, and it has to upwardly correct with market PE... any thoughts

Hitazz likes this post

xhunter

xhunter
Moderator
Moderator

@Bakkabwoi wrote:took positoins in distilleries. mainly due to long consolidation, incoming dividend, and it has to upwardly correct with market PE... any thoughts
In 2020/2021  Q2 ,EPS was 0.78
So first interim dividend was 0.42.
If I were you, I will wait till Q2 report is released, because I expect Q2 EPS somewhere around 0.25 (I came to a conclusion that their major  revenue stream is domestic sales)
This is just my opinion, if everyone thought in the same way, there will be no trades in the market.

Bakkabwoi likes this post

Bakkabwoi

Bakkabwoi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@xhunter wrote:
@Bakkabwoi wrote:took positoins in distilleries. mainly due to long consolidation, incoming dividend, and it has to upwardly correct with market PE... any thoughts
In 2020/2021  Q2 ,EPS was 0.78
So first interim dividend was 0.42.
If I were you, I will wait till Q2 report is released, because I expect Q2 EPS somewhere around 0.25 (I came to a conclusion that their major  revenue stream is domestic sales)
This is just my opinion, if everyone thought in the same way, there will be no trades in the market.

DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Tvc_a610


very vaild point @xhunter ... however i took positions today with solid qunatities
these are my reasons.

1. Dist is the mels's cash cow and i m expecting around 0.4-5 rs dividend on nov
2. its has being on the lowest price range since 2021 November 11 21st.. almost one year.. technically very strong support.. so it wont crash as much ( i always like to have few of these stocks in my pf while having high beta)
3. party season incoming people will buy... worst case qoq will have a massive break on next Q
4. there is a foreign seller at 18.5 which has hidden sell order.. after his quantity is taken out.. this will break out
5. all the other fundamentally value stocks are adjusting to current market PE.. very few hasnt this is one of those Smile

lemme know ur thoughts thank u

Hitazz likes this post

Bakkabwoi

Bakkabwoi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

https://twitter.com/DrBukkabwoi/status/1453028249261338631?s=20

xhunter

xhunter
Moderator
Moderator

@Bakkabwoi wrote:
@xhunter wrote:
@Bakkabwoi wrote:took positoins in distilleries. mainly due to long consolidation, incoming dividend, and it has to upwardly correct with market PE... any thoughts
In 2020/2021  Q2 ,EPS was 0.78
So first interim dividend was 0.42.
If I were you, I will wait till Q2 report is released, because I expect Q2 EPS somewhere around 0.25 (I came to a conclusion that their major  revenue stream is domestic sales)
This is just my opinion, if everyone thought in the same way, there will be no trades in the market.

DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Tvc_a610


very vaild point @xhunter ... however i took positions today with solid qunatities
these are my reasons.

1. Dist is the mels's cash cow and i m expecting around 0.4-5 rs dividend on nov
2. its has being on the lowest price range since 2021 November 11 21st.. almost one year.. technically very strong support.. so it wont crash as much ( i always like to have few of these stocks in my pf while having high beta)
3. party season incoming people will buy... worst case qoq will have a massive break on next Q
4. there is a foreign seller at 18.5 which has hidden sell order.. after his quantity is taken out.. this will break out
5. all the other fundamentally value stocks are adjusting to current market PE.. very few hasnt this is one of those Smile

lemme know ur thoughts thank u
1. To declare 0.40 dividend, they need 4,600,000,000 x 0.4 = 1.84 Bn.    But their cash position is not strong enough to cater this much of money (according to last report). If MELS badly needs cash, as you said it is possible but not probable because they have to increase the short term debt (probably overdraft) which is not good for DIST.
3.  Agree, country turning to normal. So Q3 will be much better for DIST you should hold it until mid Q4 at least.
 
Other points are “Market dynamics”, there is no right or wrong (ex: I don’t believe in technical analysis . but I know that it works for  people who believes TA.)

Hitazz and Bakkabwoi like this post

Bakkabwoi

Bakkabwoi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@xhunter wrote:
@Bakkabwoi wrote:
@xhunter wrote:
@Bakkabwoi wrote:took positoins in distilleries. mainly due to long consolidation, incoming dividend, and it has to upwardly correct with market PE... any thoughts
In 2020/2021  Q2 ,EPS was 0.78
So first interim dividend was 0.42.
If I were you, I will wait till Q2 report is released, because I expect Q2 EPS somewhere around 0.25 (I came to a conclusion that their major  revenue stream is domestic sales)
This is just my opinion, if everyone thought in the same way, there will be no trades in the market.

DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 Tvc_a610


very vaild point @xhunter ... however i took positions today with solid qunatities
these are my reasons.

1. Dist is the mels's cash cow and i m expecting around 0.4-5 rs dividend on nov
2. its has being on the lowest price range since 2021 November 11 21st.. almost one year.. technically very strong support.. so it wont crash as much ( i always like to have few of these stocks in my pf while having high beta)
3. party season incoming people will buy... worst case qoq will have a massive break on next Q
4. there is a foreign seller at 18.5 which has hidden sell order.. after his quantity is taken out.. this will break out
5. all the other fundamentally value stocks are adjusting to current market PE.. very few hasnt this is one of those Smile

lemme know ur thoughts thank u
1. To declare 0.40 dividend, they need 4,600,000,000 x 0.4 = 1.84 Bn.    But their cash position is not strong enough to cater this much of money (according to last report). If MELS badly needs cash, as you said it is possible but not probable because they have to increase the short term debt (probably overdraft) which is not good for DIST.
3.  Agree, country turning to normal. So Q3 will be much better for DIST you should hold it until mid Q4 at least.
 
Other points are “Market dynamics”, there is no right or wrong (ex: I don’t believe in technical analysis . but I know that it works for  people who believes TA.)


thank u ! cheers

xhunter

xhunter
Moderator
Moderator

@Bakkabwoi
Dr. Amila,

you are so right about the dividend . it is lot more than you expected.
probaly good earnings in the report.

Hats off! cheers cheers

Bakkabwoi likes this post

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics

DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000) - Page 4 6Mta4KBEC0tAAAAAElFTkSuQmCC

Bakkabwoi

Bakkabwoi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@xhunter wrote:@Bakkabwoi
Dr. Amila,

you are so right about the dividend . it is lot more than you expected.
probaly good earnings in the report.

Hats off! cheers cheers


Hi hi... i was gonna just dump this after dividend. but this big dividend makes me think twice now.. i feel like it will gave a better report with good retained earnings.. and next quarter will do really well Smile.. .cheers bro!

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

MELS hold 4.2 billon shares of DCSL....X 0.86  Smile what a payday.

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