Earning per Share (1.73)
Net Assets per share 72.70
Revaluation Reserve 2,246,761,000
Last edited by Meta Trader on Fri Feb 18, 2011 9:02 pm; edited 1 time in total
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
Last edited by Meta Trader on Fri Feb 18, 2011 9:02 pm; edited 1 time in total
marketanalyst wrote:However, in terms of timber fair value model, company is in a position to make future earnings in terms of other income as sale of timber. Therefore, it has future potentials in terms of other income too. In touchwood case, the valuation has been incorporated as per management discretion. In MADU, it has done a professional valuer who is competent in valuing biological assets. Therefore, valuation has been in accordance with applicable standards and no party can make legal effects on the valuation.
DMA wrote:
who think that a company belongs to HARRY JAYAWARDANA going to be bankrupt. Has some one gone crazy............
anu wrote:Let me put it this way.
If you look at MADU as a Tea plantation company and analyse the performance, it is not worth. Its EPS, PE, ROA are all meaningless for a going concern to be looked at.
If you think that the newly included timber valuation is going to slowly contribute to the bottomline, then that is something to think.
So, right at the moment, going by the enthusiasm of the members here, I think we have got a hot speculative stock at hand for short term gains....!
agree with mono,..in INVESTMENT TRUSTS or UNIT TRUSTS,such as CINV,GUAR,NAVF...it is better to look at NAV,but in plantations it is not suitable.....mono wrote:you can't show profits you can't give dividends. without dividends a share is basically worth less. all you can say is at one point these buggers will harvest these trees and give you 72 rs, or what ever is left of it after the wage increase and subsequent years of losses. but then the immediate question is who will buy this share from you after that.
Why is kuru trading at 30 while navps is 70(it was 80 in march )?
marketanalyst wrote:anu wrote:Let me put it this way.
If you look at MADU as a Tea plantation company and analyse the performance, it is not worth. Its EPS, PE, ROA are all meaningless for a going concern to be looked at.
If you think that the newly included timber valuation is going to slowly contribute to the bottomline, then that is something to think.
So, right at the moment, going by the enthusiasm of the members here, I think we have got a hot speculative stock at hand for short term gains....!
As per my view, there's no going concern issue since the considerable debts have been obtained from related parties such as DCSL and Stassen Exports. Definitely they don't pursue the loans. However, the increased rubber plantation and rubber harvesting in 5 Hectares and growth in timber sales as well as increased production of tea with bought crops will definitely lead to increased future earnings and the potentiality. Anyway, wage increase expected in the coming period will have some impact to all plantation companies. However, the impact can be turnaround by the increased rubber sale proceeds and other income which results from timber sales.
FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » #MADU results !!! Net Assets per share 72.70 / EPS (1.73)
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