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Sri Lanka Equity Forum » Stock Market Talk » ROYAL CERAMICS PLC (RCL.N0000)

ROYAL CERAMICS PLC (RCL.N0000)

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281ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sat Jun 27, 2020 9:18 pm

xhunter


Senior Equity Analytic
Senior Equity Analytic
@ Dil123 ,I got your point , but that inventory accumulation doesn't compromise the cash/cash equivalent (at least comparing to the previous year).


Cash/cash equivalent
2019.03.31 =>    465,342,000
2020.03.31 =>    404,385,000   (-13% relative to 2019)

Inventory
2019.03.31 =>   1,911,792,000
2020.03.31 =>   4,623,213,000  (+141% relative to 2019)

282ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sat Jun 27, 2020 10:56 pm

Dil123


Stock Analytic
Stock Analytic
@xhunter wrote:@ Dil123 ,I got your point , but that inventory accumulation doesn't compromise the cash/cash equivalent (at least comparing to the previous year).


Cash/cash equivalent
2019.03.31 =>    465,342,000
2020.03.31 =>    404,385,000   (-13% relative to 2019)

Inventory
2019.03.31 =>   1,911,792,000
2020.03.31 =>   4,623,213,000  (+141% relative to 2019)
@xhunter, I think it will be misleading to consider only the cash and cash equivalent shown under current assets. Better to check the cash flow statement. You will see the following;

At company level financial statements
2019.03.31 -> 170,505
2020.03.31 -> Negative 928,800

Furthermore, the build up inventory seems to be financed through short term WC loans.

283ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sun Jun 28, 2020 1:54 am

xhunter


Senior Equity Analytic
Senior Equity Analytic
@Dil123 , "tight cash situation" is a position, CF represent dynamic performance (how something happened). "tight cash situation" is static (status at this moment).so financial status is the best static representation (it doesn't say how it happens, somehow this is the current status, thats what financial position represent).
and it is quite natural to have negative cash equivalent at the end of the CF for a good reason.
in RCL case , this is the reason.to make sure whether this a good move or not, lot of places should be analyzed (does it actually reduce current or long term liability, does it reduce recurrent cost etc..)
ROYAL CERAMICS PLC (RCL.N0000) - Page 15 R+XMY7lqJa9JAAAAABJRU5ErkJggg==

284ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sun Jun 28, 2020 1:06 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
RCL is one of my favourite company but this COVID 19 situation I did not touch RCL,  
for me I have looking "cash flow for owners" basically how much cash we can get out for investment.  

like @xhunter mention his post most of cash they need to sell Inventory i'm not sure 2020 it will happens... 

285ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sun Jun 28, 2020 1:42 pm

desh87


Senior Equity Analytic
Senior Equity Analytic
It all depends how the economy recovers. Basically till the import restrictions are on, every tile sold in Sri Lanka will go through RCL books. (As long as the already imported stock before COVID is gone)

286ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sun Jun 28, 2020 9:38 pm

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
No .this company will have temporary stock aggregation and cash problems .this issue will be over with low interest loans from banks like 4% ....etc.
Believe this share will be given 100% within 2 to 3 years .

287ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Sun Jun 28, 2020 11:22 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@chathura123 wrote:No .this company will have temporary stock aggregation and cash problems .this issue will be over with low interest loans from banks like 4% ....etc.
Believe  this share will be given 100%  within 2 to 3 years .

Yes! it's good point (if they can take loan at 4%)

chathura123 likes this post

288ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 4:24 am

desh87


Senior Equity Analytic
Senior Equity Analytic
4% loans are for SMEs. I don’t think RCL can access that.

289ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 6:31 am

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
They don't want 4% or 1% loan...their are very strong ....You can see it coming days....

290ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 8:07 am

xhunter

xhunter
Senior Equity Analytic
Senior Equity Analytic
exactly , they are in a very strong position comparing to previous year.
if these statements are correct, their performed exceptionally well in last year.
just check the retained earnings comparing to previous year. 
ROYAL CERAMICS PLC (RCL.N0000) - Page 15 5OstCeGT94FkgURAIgBIQig9Bk+KwA8Vwv8PAkyoVqn7xywAAAAASUVORK5CYII=

as a result of this NAV increased from 85 to 131.

291ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 10:02 am

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
@desh
4% loans are not only for SME .working capital loans are available for large scale also .
Read lbo.lk

desh87 likes this post

292ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 11:39 am

desh87


Senior Equity Analytic
Senior Equity Analytic
https://economynext.com/sri-lanka-announces-import-taxes-for-leaf-springs-aluminium-hardware-71482/

293ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 11:40 am

desh87


Senior Equity Analytic
Senior Equity Analytic
More good news for RCL

294ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 11:12 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@desh87 wrote:4% loans are for SMEs. I don’t think RCL can access that.

Initially I'm also think same but finally i realized may be RCL group can not take it but these guys can, 
Valibel Plantation Mgt Limited
LWL Development (Private) Limited
Beyond Paradise Collection Limited
Lanka Tile (Private) Limited

then also CF problem can manage.that's why I comment chathura's post...

chathura123@desh
4% loans are not only for SME .working capital loans are available for large scale also . 
Read lbo.lk

@Chathura Is that correct? can you please post link?

desh87 likes this post

295ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Jun 29, 2020 11:15 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@desh87 wrote:https://economynext.com/sri-lanka-announces-import-taxes-for-leaf-springs-aluminium-hardware-71482/

Yes! It's really good news.Aluminium is negative 2018 and 2019 for RCL.

296ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Tue Jun 30, 2020 8:36 am

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
Alunminum sector in RCL -Parq will have good performance in next year definitely .
Last post I talked about rebound in aluminium and plantation .
Now one man down . RCL WILL BE ROCK.....

297ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Tue Jun 30, 2020 11:19 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
Yes aluminium side will grow up

298ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Aug 31, 2020 6:09 pm

desh87


Senior Equity Analytic
Senior Equity Analytic
RCL breaks Rs. 80 with good volume!

299ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Aug 31, 2020 7:27 pm

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
@desh87 wrote:RCL breaks Rs. 80 with good volume!

Yea tile shares are warming up.

desh87 likes this post

300ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Tue Sep 15, 2020 4:42 pm

desh87


Senior Equity Analytic
Senior Equity Analytic
Great volume and great run higher. Closed at 94. Amazing to think there were basically no buyers when this was around 60-65

KavinduTM likes this post

301ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Tue Sep 15, 2020 8:47 pm

cseguide

cseguide
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Some brokers have recommended this share fair value as 120 RS and my target price is also in short to medium term120.

302ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Wed Sep 16, 2020 7:45 am

Master D


Equity Analytic
Equity Analytic
Yes it is true.   I too think this will move up to 120 in the medium term.
Share with good fundamentals and favorable conditions

303ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Wed Sep 16, 2020 7:49 am

KavinduTM

KavinduTM
Vice President - Equity Analytics
Vice President - Equity Analytics
@desh87 wrote:Great volume and great run higher. Closed at 94. Amazing to think there were basically no buyers when this was around 60-65
Haha yeah

304ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Wed Sep 16, 2020 8:29 am

shan31


Equity Analytic
Equity Analytic
RCL is value for money. NAV over 200. EPS around 20. Good dividend track record. Historticaly traded around 120-130 but when NAV was around 150. Now with the import restriction on Tiles, company is positioned get extremely good results this year onwards. My target is minimum 150 one year from now.

Short term - within 3- 6 months should be 120/= to 130/=.

I have invested sizable % of my portfolio on this stock based on my analysis as this stock.

desh87 and Win Win like this post

305ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) on Mon Sep 21, 2020 3:03 pm

desh87


Senior Equity Analytic
Senior Equity Analytic
Touched 110 today. This upward momentum is so strong, I don’t think it’s done yet

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