Rich, KGAL, NAMU Financials are out..

Rajitha · 26 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 6:36 pm

Rajitha

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slstock wrote:

mono wrote:

Rajitha wrote:Really Good results for the Plantation sector with Great PE. But I'm a bit disappointed as was expecting about EPS of about Rs 12 for KGAL. Non the less compared with the sector PE ratio KGAL should at least be around rs 350. NAMU also quite undervalued for the amount of Oil farm future and PE they have.

Yeah I was expecting KGAL to hit 12 and NAMU to show about 5.5 as well

of course RICH get's the better end of this plantation deal. they get a management fee plus stakeholder profits. So even if the plantation doesn't do too well they get 30 odd million

Yeah, I thought KGAL will reach Rs10-11 EPS as I posted elsewhere on the forum. If you look at their revenue from last quarter it has gone down while cost of sales also reduced. maybe they got effect by rain for harvest.
Still this is quite acceptable given the circumstances.

I'm checking KGAL report under segment results. As far as I can see the revenue has almost doubled quarter to quarter on rubber and almost net profits also. Still I'm baffled to understand the report because of this. Where did they loose all this cash they received Revenue from segments ? IS it a mistake on both reports or they had a mistake on a previous report ?

mono · 27 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 6:43 pm

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it looks ok to me. RICH has jacked up the management fees as well

Gaja · 28 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 6:45 pm

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Earlier when Chairman comment about achieving Rs. 2.5 Billion as profit for the year i didn't think it as a realistic target, but now i question my self whether my thinking was right, because i expected that they will produce 550 million but they ended up in with 791.5 Million

milanka · 29 Mono - Your projection. Thu Feb 10, 2011 6:47 pm

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@mono : Your projection for RICH was 680 M. The actual is 790 M. In the Income statement there is a 115 M on other operating income. (may be income form plantations) Which means if we exclude the above 115 M . Your projection would be exact.On the Spot..

mono · 30 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 6:50 pm

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milanka wrote:@mono : Your projection for RICH was 680 M. The actual is 790 M. In the Income statement there is a 115 M on other operating income. (may be income form plantations) Which means if we exclude the above 115 M . Your projection would be exact.On the Spot..

milanka. it wasn't a projection. I said i had a dream that the profits were 680 million, my projection was that they will at 500-550 million without minority interest.

Gaja · 31 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 6:50 pm

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even though the increase in other income for the quarter results was 417%, for the Nine Months it is only 56%. so i think they will be able to achieve 50% increase for the year. Is it from Management Fees & Dividend?

Rocky · 32 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 10:09 pm

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I think Sarath Rajapakse's mentality has daubed off on me to some extent.
I do not go entirely on fundamentals. Its a combination of both Fund + Trading Phys.

Previously I was told that the profits were good and the long term prospects excellent.
But the calculations alone wont push the price any higher than 17 in this run, may be in April.
So if you are wise do what has to be done as I said in one of my earlier posts. Should not repeat, as I may get minus marks. A little respect is also needed or else people don't listen to players with negative histories.

Razz

salt · 33 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:10 pm

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Awesome results from RICH! wow........!!!!
My worry was about Maskeliya.
Damn it!
Done really well - posting some profits for the quarter.

Interesting ! Rich;s retail business is growing!

Last edited by salt on Thu Feb 10, 2011 11:15 pm; edited 1 time in total

Gaja · 34 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:13 pm

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i THINK with the year end results they will give at least another .30 cents as dividend, because already they gave an interim tax free dividend of 20 cents. Any thoughts

Gaja · 35 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:14 pm

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i am not a client of Capital Trust, but even my broker told me Mr. Sarath is one of the best research personality in Sri Lanka

mono · 36 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:16 pm

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Gaja wrote:i am not a client of Capital Trust, but even my broker told me Mr. Sarath is one of the best research personality in Sri Lanka

who is this sarath fellow

Gaja · 37 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:20 pm

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if i am not mistaken, he is a director at capital trust, you can check further about him on their web site i also don't know him personally

mono · 38 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:27 pm

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capital trust.....

hmm.....

isn't that the brokerage that back GREG heavily. or did i get that wrong

Gaja · 39 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:38 pm

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mono i don't want to answer to your last question but i think you can check urself as to whether u are right or wrong

http://www.asiantribune.com/news/2011/01/23/sri-lanka-environmental-resources-announce-platinum-subsidiary-sale-analyst

mono · 40 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:41 pm

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Gaja wrote:mono i don't want to answer to your last question but i think you can check urself as to whether u are right or wrong

http://www.asiantribune.com/news/2011/01/23/sri-lanka-environmental-resources-announce-platinum-subsidiary-sale-analyst

i remember that. The reason I'm saying this is that everyone in investnow was saying a particular brokerage back GREG heavily. I'm not sure if it was Capital Trust

Gaja · 41 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:44 pm

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even there was a post went about 2 or 3 days prior to the closure of investnow,if possible try and see whether u can catch that link

mono · 42 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:48 pm

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Gaja wrote:even there was a post went about 2 or 3 days prior to the closure of investnow,if possible try and see whether u can catch that link

here it is

http://webcache.googleusercontent.com/search?q=cache:CByRPmPOFlEJ:investnow.lk/2011/01/24/greg-capital-trust/11541/31911/+brokerage+GREG+investnow&cd=3&hl=en&ct=clnk&gl=lk&source=www.google.lk

Last edited by mono on Thu Feb 10, 2011 11:57 pm; edited 1 time in total

bliss · 43 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 11:55 pm

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Damn i`m alzo involved.... Very Happy

Gaja · 44 Re: Rich, KGAL, NAMU Financials are out.. Fri Feb 11, 2011 12:01 am

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mono over to you, in your opinion what will be the RICH price when the results of the Y/E 31.03.2011 published?

mono · 45 Re: Rich, KGAL, NAMU Financials are out.. Fri Feb 11, 2011 12:06 am

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Gaja wrote:mono over to you, in your opinion what will be the RICH price when the results of the Y/E 31.03.2011 published?

You guys have to also take into consideration the possible credit crunch. Although, i get the feeling that many of these guys may have settled credit by selling into the head wind of this bull run.

all things considered in the next three months RICH can easily push up 20 from the looks of it. but that doesn't mean it'll be reach 20 in the next few weeks. IMO it will consolidate at these levels for a bit.

hotstock · 46 Re: Rich, KGAL, NAMU Financials are out.. Fri Feb 11, 2011 10:10 am

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Profit taking going on..

Gaja · 47 Re: Rich, KGAL, NAMU Financials are out.. Fri Feb 11, 2011 1:36 pm

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so far more than 5.5 million shares transacted, so somebody is collecting with the purpose of holding, i think

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Rich, KGAL, NAMU Financials are out..

26 Re: Rich, KGAL, NAMU Financials are out.. Thu Feb 10, 2011 6:36 pm

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