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» Cricket !
MGT.N0000 EmptyToday at 8:20 am by කිත්සිරි ද සිල්වා

» Happy Father's Day !
MGT.N0000 EmptyYesterday at 9:03 am by කිත්සිරි ද සිල්වා

» DPL.N0000 (Dankotuwa Porcelain PLC)
MGT.N0000 EmptyYesterday at 7:12 am by NIRMALSG

» Thread for News on CSE and SL Economy
MGT.N0000 EmptySat Jun 15, 2019 7:44 am by ruwan326

» Re: Financial reports Q1-2019
MGT.N0000 EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SAMP.N0000 (SAMPATH BANK PLC)
MGT.N0000 EmptyFri Jun 14, 2019 8:11 am by puliyanam

» SEYB.N0000 ( SEYLAN BANK PLC )
MGT.N0000 EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
MGT.N0000 EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
MGT.N0000 EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
MGT.N0000 EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
MGT.N0000 EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
MGT.N0000 EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
MGT.N0000 EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
MGT.N0000 EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
MGT.N0000 EmptyThu Jun 13, 2019 9:21 am by ruwan326

» අනං මනං! #/+?.<>
MGT.N0000 EmptyThu Jun 13, 2019 8:07 am by ruwan326

» Should CSE be like this? Whose FAULT is it?
MGT.N0000 EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

» CCS.N0000 ( Ceylon Cold Stores)
MGT.N0000 EmptyTue Jun 11, 2019 9:15 pm by ruwan326

» Access Engineering AEL Technical Analysis
MGT.N0000 EmptyTue Jun 11, 2019 9:10 am by Jimmy

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
MGT.N0000 EmptyMon Jun 10, 2019 11:13 pm by hammurabi

» MCPL.N0000
MGT.N0000 EmptySun Jun 09, 2019 12:15 pm by ruwan326

» Tourism sector
MGT.N0000 EmptySun Jun 09, 2019 6:53 am by NIRMALSG

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
MGT.N0000 EmptyFri Jun 07, 2019 5:42 am by stockback

» Easter Sunday Attack and Sri Lanka
MGT.N0000 EmptyThu Jun 06, 2019 9:13 am by ruwan326

» Dividend Announcement
MGT.N0000 EmptyTue Jun 04, 2019 4:13 pm by Rana

» In the Meantime, Within Our Shores !
MGT.N0000 EmptyMon Jun 03, 2019 2:14 pm by කිත්සිරි ද සිල්වා

» What to Analyse
MGT.N0000 EmptySun Jun 02, 2019 7:11 am by Leon

» Tolerance at its Best !
MGT.N0000 EmptyThu May 30, 2019 10:50 am by Yin-Yang

» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
MGT.N0000 EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
MGT.N0000 EmptyTue May 28, 2019 7:07 am by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
MGT.N0000 EmptyMon May 27, 2019 8:04 am by yellow knife

» බැරි වෙලා වත් අනික් පැත්ත උනොත්...?
MGT.N0000 EmptyFri May 24, 2019 3:42 pm by smallville

» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
MGT.N0000 EmptyFri May 24, 2019 3:10 pm by puliyanam

» Songs to listen
MGT.N0000 EmptyFri May 24, 2019 11:26 am by yellow knife

» Dhammika Perera non-committal on common candidate speculation
MGT.N0000 EmptyThu May 23, 2019 2:54 pm by කිත්සිරි ද සිල්වා

» Films - To Watch List
MGT.N0000 EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
MGT.N0000 EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
MGT.N0000 EmptyTue May 21, 2019 11:31 am by bjmd

» Flying is the Safest mode of Transport
MGT.N0000 EmptyTue May 21, 2019 7:07 am by කිත්සිරි ද සිල්වා

» My Port Folio Bleeding But Its just the Begining Of..
MGT.N0000 EmptySat May 18, 2019 7:40 pm by serene

» Sri Lanka mulls 25-pct ownership limit in finance companies
MGT.N0000 EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
MGT.N0000 EmptyFri May 17, 2019 2:43 pm by Backstage

» Israeli spyware breached WhatsApp security
MGT.N0000 EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
MGT.N0000 EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
MGT.N0000 EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
MGT.N0000 EmptyFri May 10, 2019 7:15 pm by Backstage

» NEST.N0000
MGT.N0000 EmptyThu May 09, 2019 7:54 pm by ruwan326

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
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» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
MGT.N0000 EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
MGT.N0000 EmptySun May 05, 2019 6:51 pm by Backstage

June 2019
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Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
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MGT.N0000 Empty MGT.N0000

Post by ruwan326 on Wed Feb 13, 2019 7:29 pm

Financial Performance- Period ended 31 December 2018

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MGT.N0000 Empty Re: MGT.N0000

Post by Hawk Eye on Tue Feb 26, 2019 2:11 pm

…Although the results, at a glance, do not reflect a good year, mainly due to market conditions and other external cost increases, the Company has made extensive progress to regain profitability and unit cost reductions which was seen in the 4th quarter of 2017/18..(CEO Statement-Annual Report 2017/18)

Further the CEO goes on elaborating ..”The strategies adopted by the Company for long term sustainability in having a broad based geographical market such as USA, UK & Europe, be selective with its customer base and to lead in innovation continued during the year under review…”

Somewhere in the report CEO states that all these efforts starts to materialise in the 4th Quarter 2017/18, where things started to turn to profit from there onwards.

The Revenue in USD is clearly increasing Q2Q and Same quarters previous year at a progressive rate. The Annual Report says that the Capacity Utilisation is 78% for 2017/18 same as last year. Therefore this is clearly through the materialisation of Forecast of high end market orders as stated by CEO .

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Though the Annual Report discusses about cost reduction I didn’t see the GP margin increasing but decreasing. This is due to the sharp increases in Yarn Prices and USD appreciation.

But the most Notable area is it started to Turnaround from Losses to Profit, and profits now started to increase at a considerable rate Q2Q. The reduction in Finance cost Q2Q is a clear sign that the Company cashflow is improving, and soon MGT will bring this to the lowest possible level. Cash Balance have increased Q2Q.

Cash balance increased from 227Mn in Dec 2017 which increased to 1.2Bn in same December 2018.

EPS increasing on a progressive rate mainly in 2019

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Finally lets look at the Shareholding structure for last 3 Quarters. And you will know whos selling and why the price went low . Soon someone will grab the opportunity

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Soon the March results will capture the Investors eyes

HE
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Post by ruwan326 on Tue Feb 26, 2019 7:13 pm

Thank you Hawk Eye, Great job study
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Post by CK on Tue Feb 26, 2019 7:57 pm

Identifing early is the most important thing ..thanks HE. ( I remember Hariesha identified insurance sector early, although now he is being attacking very unfair way.. sorry I had to tell this when all the seniors remains silent except x)
CK
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MGT.N0000 Empty Re: MGT.N0000

Post by dhanurrox on Wed Feb 27, 2019 5:56 am

CK wrote:Identifing early is the most important thing ..thanks HE. ( I remember Hariesha identified insurance sector early, although now he is being attacking very unfair way.. sorry I had to tell this when all the seniors remains silent except x)
Noted.Insurence sector post was really good compared with some " weather report" type posts

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MGT.N0000 Empty Re: MGT.N0000

Post by Admin on Wed Feb 27, 2019 8:44 am

As the administrator, I am not allowed or should not take active part in discussions but I noticed something about one of the facts.

Whether it is intentional or not, I leave it to the moderators and members to decide or the member him/herself to correct.

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MGT.N0000 Empty Re: MGT.N0000

Post by yellow knife on Fri Mar 01, 2019 9:40 am

Dear Admin

Since you are pointing out a FACT please do it. There can be instances where we may miss seeing one thing which others see.

yellow knife
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Post by ruwan326 on Fri Mar 01, 2019 7:12 pm

To ADMIN & All the other members ........

Since I start this post I like to know the issue, This was taken from [You must be registered and logged in to see this link.] directly.

So rather than backbiting in the back would be nice to point out here openly as a man......

Before I post any more waiting for clarification..........
ruwan326
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MGT.N0000 Empty Re: MGT.N0000

Post by Admin on Fri Mar 01, 2019 8:50 pm

ruwan326,

Sorry for confusion. What I pointed was not on your post. But one by member Hawk Eye.

On cash, MGT does not have 1.2BN Rs. cash as stated (WRONG FACT). What it has is 3BN loans and borrowings.




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MGT.N0000 Empty Re: MGT.N0000

Post by Ethical Trader on Fri Mar 01, 2019 9:09 pm

Ruwan, Admin has clarified & its up to the Mods to take action.
ruwan326 wrote:To ADMIN & All the other members ........

Since I start this post I like to know the issue, This was taken from [You must be registered and logged in to see this link.] directly.

So rather than backbiting in the back would be nice to point out here openly as a man......

Before I post any more waiting for clarification..........
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MGT.N0000 Empty Re: MGT.N0000

Post by ruwan326 on Fri Mar 01, 2019 9:19 pm

Admin wrote:ruwan326,

Sorry for confusion. What I pointed was not on your post. But one by member Hawk Eye.

On cash, MGT does not have 1.2BN Rs. cash as stated (WRONG FACT). What it has is 3BN loans and borrowings.




No problem.... Well as ADMIN when ever you find something wrong/doubtful/ or any other matter related to misguide members point it out. It might be a mistake or else the person put the post can verify or admit the mistake.Same goes for Moderators and all the other members.

I still find all the members active here are friendly and genuine.... So lets keep the forum safe and clean and work as a family under IS Wink

Hope next week ASI will rise and all the grumpiness will vanish......... Very Happy Very Happy Very Happy
ruwan326
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MGT.N0000 Empty Re: MGT.N0000

Post by Hawk Eye on Sun Mar 03, 2019 2:48 pm

I just logged in and found that Admins post was pointing a mistake of mine. could have pointed it out directly Very Happy Very Happy ..could have corrected that time.

let the moderators take action.Any action is accepted Cool

Members..Sorry guys...I made mistake in Taking the USD figures as Rupee, so took it in"000"

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Good Luck
HE
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