Dividend for chicken lovers

Monster · 1 Dividend for chicken lovers Fri Jun 24, 2011 10:38 am

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8184
Reputation : 279
Join date : 2011-01-22

BAIRAHA FARMS PLC
Company ID: - BFL
Date of Announcement:-24.Jun.2011
Rate of Dividend: - Rs. 2.00 per share / Final Dividend
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
XD:-05.Jul. 2011
Payment: - 15.Jul.2011
Share Transfer Book Open

CSE Today · 2 Re: Dividend for chicken lovers Fri Jun 24, 2011 10:46 am

CSE Today

Manager - Equity Analytics

Posts : 236
Equity Stars : 5229
Reputation : 86
Join date : 2011-02-14

Which is good...BFL or MBSL...heh heh heh Very Happy

BFL @ 340 or MBSL @ 45...??? for sure People will chase BFL instead of MBSL

MERCHANT BANK OF SRI LANKA PLC
Company ID: - MBSL
Rate of Dividend: - Rs.1.25 per share / Final Dividend
Shareholder Approval: Required
AGM: 24.June.2011
XD:-27.June.2011
Payment: - 05.July.2011
Share Transfer Book Open

Last edited by CSE Today on Fri Jun 24, 2011 10:55 am; edited 1 time in total (Reason for editing : (changed the MKT price of BFL from 365 to 340 as per todays trading))

ashoka1966 · 3 Re: Dividend for chicken lovers Fri Jun 24, 2011 12:13 pm

ashoka1966

Senior Equity Analytic

Posts : 73
Equity Stars : 4987
Reputation : 2
Join date : 2011-01-28

It is meaningless for Rs.2/- dividend for a share priced around Rs 350/-. I wonder why this share is trading at such a low price. Reason may be due to credit clearance or bearish market condition or some other reason such as collecting at lower price.
But I personally feel that Rs.2/- dividend does not make any sense in terms of the share value.

Gaja · 4 Re: Dividend for chicken lovers Fri Jun 24, 2011 12:14 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9683
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

after 2/= dividend announcement price came down by 3.60/=

hunter · 5 Re: Dividend for chicken lovers Fri Jun 24, 2011 1:06 pm

hunter

Moderator

Posts : 786
Equity Stars : 6939
Reputation : 114
Join date : 2011-04-27

For Rs 2/- dividend, the cheapest in the market was HPWR (around 36/-). You may give a try next time.

Monster · 6 Re: Dividend for chicken lovers Fri Jun 24, 2011 1:10 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8184
Reputation : 279
Join date : 2011-01-22

hunter wrote:For Rs 2/- dividend, the cheapest in the market was HPWR (around 36/-). You may give a try next time.

I hope you have forgotten HOPL.

hunter · 7 Re: Dividend for chicken lovers Fri Jun 24, 2011 1:23 pm

hunter

Moderator

Posts : 786
Equity Stars : 6939
Reputation : 114
Join date : 2011-04-27

HOPL was one of my favorites. But dropped the whole lot since plantations were having short term issues.

Gaja · 8 Re: Dividend for chicken lovers Fri Jun 24, 2011 1:26 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9683
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

so total dividend declared by the BFL management for the financial year ended 31.03.2011 is 4/=, am i right

Max · 9 Re: Dividend for chicken lovers Fri Jun 24, 2011 2:33 pm

Max

Senior Equity Analytic

Posts : 55
Equity Stars : 4902
Reputation : 24
Join date : 2011-03-07
Location : Colombo

Compare to Kotagala which is a share in 150-170 range, which gave a whopping Divident of Rs.10, (5 already given, and 5 more by June 30th), the Rs.2 given by BFL is peanuts Sad

........

Maybe they need all the money for their new farm.., but its sad news for chicken lovers Sad

...

Hiru · 10 Re: Dividend for chicken lovers Fri Jun 24, 2011 5:41 pm

Hiru

Manager - Equity Analytics

Posts : 274
Equity Stars : 5137
Reputation : 31
Join date : 2011-04-24

Total Return = Dividend+Capital gain(=Mkt Price now-Mkt Price at purchase)
Mkt Price at Purchase

So, for someone purchase BFL in last year June cost must be around 80 (cant remember exactly and can't access to CDAX right now) so the capital gain as at today is around 265. So the total yield is 269/80*100=336.25%, but you all know the market price went pass Rs 500.

So why people are so worried about the dividend? Specially, when the growth plans had been communicated.

smallville · 11 Re: Dividend for chicken lovers Fri Jun 24, 2011 9:04 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10108
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

Max wrote:Compare to Kotagala which is a share in 150-170 range, which gave a whopping Divident of Rs.10, (5 already given, and 5 more by June 30th), the Rs.2 given by BFL is peanuts ........

Maybe they need all the money for their new farm.., but its sad news for chicken lovers ...

Dude HOPL gives u Rs. 4/- dividend @ 65/- and its less riskier to me than KOTA now.. Wink