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ROYAL CERAMICS PLC (RCL.N0000)

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124 posters

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301ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Mon Jun 22, 2020 5:06 pm

desh87


Manager - Equity Analytics
Manager - Equity Analytics

Very interesting. Big players collecting by the looks of it. The price never went below 64.50 with all this selling. After the selling clears, it should run higher

302ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Mon Jun 22, 2020 8:06 pm

Hope123


Manager - Equity Analytics
Manager - Equity Analytics

Any idea whether the selling is over or yet to go? thanks

303ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Tue Jun 23, 2020 3:34 am

desh87


Manager - Equity Analytics
Manager - Equity Analytics

Foreign selling accounted for 98 million which is about 1.5 million shares. AIA had a total of close to 1.1 million. IF AIA is the seller they should be done by now.

304ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Tue Jun 23, 2020 5:26 pm

SUSPENS


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Be ready...all over ...Now RCL will show there colors tomorrow onwards...
We wish them a good luck

305ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Tue Jun 23, 2020 5:28 pm

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics

SUSPENS wrote:Be ready...all over ...Now RCL will show there colors tomorrow onwards...
We wish them a good luck
Yes tomorrow 75 is possible

306ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Tue Jun 23, 2020 6:00 pm

desh87


Manager - Equity Analytics
Manager - Equity Analytics

Interesting times. Seems like foreign selling is over. Import restrictions will help RCL. Could well move in to the 70s tomorrow

307ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Tue Jun 23, 2020 10:35 pm

Bakka1988

Bakka1988
Manager - Equity Analytics
Manager - Equity Analytics

desh87 wrote:Interesting times. Seems like foreign selling is over. Import restrictions will help RCL. Could well move in to the 70s tomorrow
Definitely

308ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Wed Jun 24, 2020 12:35 am

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

best share... Very Happy Very Happy Very Happy Next  target Rs.80

309ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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.

310ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Wed Jun 24, 2020 5:17 pm

Bakka1988

Bakka1988
Manager - Equity Analytics
Manager - Equity Analytics

Next target 75 tomorrow

desh87 likes this post

311ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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.

312ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Wed Jun 24, 2020 10:57 pm

Bakka1988

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

313ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Thu Jun 25, 2020 9:38 pm

SUSPENS

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

314ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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

315ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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?

316ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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 .

317ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 3:40 pm

Bakka1988

Bakka1988
Manager - Equity Analytics
Manager - Equity Analytics

Government tax policy for export Tiles will be positive impact for RCL

318ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 3:45 pm

Bakka1988

Bakka1988
Manager - Equity Analytics
Manager - Equity Analytics

https://lankacnews.com/44878-2/

4.5 dollars per square feet tax for export Tiles

319ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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.

320ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 4:38 pm

Bakka1988

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

321ROYAL CERAMICS PLC (RCL.N0000) - Page 13 Empty Re: ROYAL CERAMICS PLC (RCL.N0000) Sat Jun 27, 2020 5:07 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

4.5 $ Tax for Import not export

322ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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.

323ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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)

324ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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.

325ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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 13 R+XMY7lqJa9JAAAAABJRU5ErkJggg==

326ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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... 

327ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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)

328ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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 .

329ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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

330ROYAL CERAMICS PLC (RCL.N0000) - Page 13 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.

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