Home
Registerhttp://www.cse.lk/cmt/upload_cse_announcements/3991432629832_.pdf
Search
Latest topics
Disclaimer
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.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker
+6
guruji
The Alchemist
Future123
bonbon
කිත්සිරි ද සිල්වා
sashimaal
10 posters
TJL.N0000 - Corporate Disclosure
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Thanks Shasi.
Looks like it will add more repertoire and value with this acquisition.
Looks like it will add more repertoire and value with this acquisition.
bonbon- Posts : 78
Join date : 2015-04-29
but why dump then.It suddenly created a vaccum and came down.
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
http://cse.lk/cmt/upload_cse_announcements/411435578926_.pdf
TJL has finalized the acquisition of Ocean India. The acquisition is going to be by way of partly cash settlement and a share swap to the owners of Ocean India.
From the disclosure, I understand that there will not be any share issue by way of private placement. Therefore, the issued capital will not change.
Please share your thoughts on this.
TJL has finalized the acquisition of Ocean India. The acquisition is going to be by way of partly cash settlement and a share swap to the owners of Ocean India.
From the disclosure, I understand that there will not be any share issue by way of private placement. Therefore, the issued capital will not change.
Please share your thoughts on this.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Acquiring Ocean Lanka is a great decision. This definitely would increase the medium-long term profitability of TJL.
Disc: Do not hold TJL currently
Disc: Do not hold TJL currently
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
As I said before as well, it will add more repertoire and value with this acquisition. 
(Hold fair amount of this counter at present).
(Hold fair amount of this counter at present).
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Few points to note
1) From the disclosure I understand that there will not be any new share issue or increase in issued share capital. Is it correct?
2) Two major acquisitions taken place which will increase the profitability significantly
a) Purchase of Quenby Lanka Prints for US$ 3.5 million
b) Ocean India (Pvt) Ltd for US$ 15 million
3) We may not get a final dividend for 2014/15 as there were massive acquisitions. The upcoming quarters will be very impressive for TJL.
4) TJL did not go for rights issue or any other form of borrowings. This is a sign of a very well managed company. Borrowing up to a limit is fine as far is the gearing is under control.
For me this is a solid counter for the future irrespective of government change. A UNP government will bring back the GSP + which is a big plus factor. Further, the rupee depreciation would help TJL to make higher profits.
1) From the disclosure I understand that there will not be any new share issue or increase in issued share capital. Is it correct?
2) Two major acquisitions taken place which will increase the profitability significantly
a) Purchase of Quenby Lanka Prints for US$ 3.5 million
b) Ocean India (Pvt) Ltd for US$ 15 million
3) We may not get a final dividend for 2014/15 as there were massive acquisitions. The upcoming quarters will be very impressive for TJL.
4) TJL did not go for rights issue or any other form of borrowings. This is a sign of a very well managed company. Borrowing up to a limit is fine as far is the gearing is under control.
For me this is a solid counter for the future irrespective of government change. A UNP government will bring back the GSP + which is a big plus factor. Further, the rupee depreciation would help TJL to make higher profits.
The Alchemist- Top contributor
- Posts : 651
Join date : 2014-02-25
Future123 wrote:Few points to note
1) From the disclosure I understand that there will not be any new share issue or increase in issued share capital. Is it correct?
No incorrect. Since the total consideration price is usd 15 mill and half will be paid by cash by TJL, balance of usd 7.5 million will be by TJL issuing approx 35 mill (new) shares @ notional price of Rs 28.50 and settling the shareholders of Ocean India.
so issued shares increase by approx 5 %.
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Thanks Alchemist. Hope the seller of Ocean India does not create selling pressure for TJL when trying to dispose the shares in the market.
The Alchemist- Top contributor
- Posts : 651
Join date : 2014-02-25
Future123 wrote:Thanks Alchemist. Hope the seller of Ocean India does not create selling pressure for TJL when trying to dispose the shares in the market.
Pacific, the largest shareholder of TJL also wants to sell 10 % or 70 mill shares of TJL.
points to ponder -
1. why does Ocean Lanka want to part with its "profitable" business to TJL ?
2. why did Ocean Lanka want 50 % cash from TJL and not 100 % equity, if it was bullish of TJL's future prospects ?
3. why does largest shareholder want to sell 10 % of its shares ?
4. when will GSP benefit materialize ? if at all ? or wait and see Geneva outcome in Sept'2015.
5. will the Rupee devalue ? not according to recent statements by Ravi, Arjuna Mahendra et al.
6. What is the track record of TJL promoters ? i.e. Kuruwita saga
7. How is the competition doing i.e. Hayleys Knitting ?
Nevertheless, with all the hype and other favourites like AEL, TOKYO, LIOC slightly out of favour, TJL could be good for another quick 4-5 bucks !
but i dont think it will be another "American Pharoah".
guruji- Posts : 602
Join date : 2015-04-27
Pesiimistic view only,its not balanced analysis
guruji- Posts : 602
Join date : 2015-04-27
Wts happening,what crossin
wagonr- Posts : 76
Join date : 2015-04-09
TJL is a good investment in the current price
Admin- Admin
- Posts : 565
Join date : 2014-02-22
Kindly use appropriate titles
guruji- Posts : 602
Join date : 2015-04-27
Ok sory for title
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
How about GSP +? Any idea?
That kind of a move will take tjl & mgt to new highs. Waiting for such a news.
That kind of a move will take tjl & mgt to new highs. Waiting for such a news.
nis2008- Posts : 283
Join date : 2015-05-28
i think TJL price depend on September UN war crime report.Leon wrote:How about GSP +? Any idea?
That kind of a move will take tjl & mgt to new highs. Waiting for such a news.
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?