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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » 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) Wed Jun 24, 2020 9:03 am

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
Yes. Good share .
Plantation sector also will play well coming periods.

282ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Wed Jun 24, 2020 5:17 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
Next target 75 tomorrow

desh87 likes this post

283ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Wed Jun 24, 2020 5:21 pm

desh87


Manager - Equity Analytics
Manager - Equity Analytics
High volume means this can run a bit more till it stabilise before the next run up. Still very valuable share at current prices.

284ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Wed Jun 24, 2020 10:57 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
@desh87 wrote:High volume means this can run a bit more till it stabilise before the next run up. Still very valuable share at current prices.
Yes

285ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Thu Jun 25, 2020 9:38 pm

SUSPENS


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Divident announcement pending....keep it your mind...withing few days it should be publish

286ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Thu Jun 25, 2020 10:52 pm

Dil123


Stock Analytic
Stock Analytic
Really good company! The dividend could be bit low this year considering the tight cash situation. Big amounts stuck in inventory

287ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Fri Jun 26, 2020 7:35 am

xhunter

xhunter
Moderator
Moderator
@Dil123 wrote:Really good company! The dividend could be bit low this year considering the tight cash situation. Big amounts stuck in inventory
Why do you say they are in a tight cash situation?

288ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Fri Jun 26, 2020 7:40 am

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
Good share.
if plantation sector performance is increased then tjis will be 120 .

289ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 3:40 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
Government tax policy for export Tiles will be positive impact for RCL

290ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 3:45 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
https://lankacnews.com/44878-2/

4.5 dollars per square feet tax for export Tiles

291ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 4:27 pm

xhunter

xhunter
Moderator
Moderator
@Bakka1988 wrote:https://lankacnews.com/44878-2/

4.5 dollars per square feet tax for export Tiles
you mean "import" right?
 when i saw your post first thing came into my mind is http://www.ft.lk/front-page/Lanka-Tiles-to-export-porcelain-mosaic-tiles-with-Rs-200-m-investment/44-691708 .

they started a new project to export mosaic.

292ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 4:38 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
@xhunter wrote:
@Bakka1988 wrote:https://lankacnews.com/44878-2/

4.5 dollars per square feet tax for export Tiles
you mean "import" right?
 when i saw your post first thing came into my mind is http://www.ft.lk/front-page/Lanka-Tiles-to-export-porcelain-mosaic-tiles-with-Rs-200-m-investment/44-691708 .

they started a new project to export mosaic import 
Yes it's import

293ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 5:07 pm

jaya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
4.5 $ Tax for Import not export

294ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 6:06 pm

Dil123


Stock Analytic
Stock Analytic
@xhunter wrote:
@Dil123 wrote:Really good company! The dividend could be bit low this year considering the tight cash situation. Big amounts stuck in inventory
Why do you say they are in a tight cash situation?

I am actually looking at their Free CF after investing activities. The tight cash situation could be short lived when the big inventory buildup comes down.

295ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 9:18 pm

xhunter

xhunter
Moderator
Moderator
@ 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)

296ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) 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.

297ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sun Jun 28, 2020 1:54 am

xhunter

xhunter
Moderator
Moderator
@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==

298ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) 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... 

299ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sun Jun 28, 2020 1:42 pm

desh87


Manager - Equity Analytics
Manager - Equity Analytics
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)

300ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) 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 .

301ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) 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

302ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Mon Jun 29, 2020 4:24 am

desh87


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

303ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) 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....

304ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Mon Jun 29, 2020 8:07 am

xhunter

xhunter
Moderator
Moderator
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.

305ROYAL CERAMICS PLC (RCL.N0000) - Page 15 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) 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

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