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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:42 pm
Message reputation : 100% (6 votes)
Elpitiya Plantations belong to Aitken Spence Plantations Management PLC (61.64%) and Aitken Spence Plantations Management PLC is one on the most illiquid company listed.

Company is developing six pillars of revenue namely tea, rubber, Palm Oil, Hydro Power, Tea exports and commercial forestry.

Company strategically thinking to break loose from commodity trap and place the company on a platform that does not depend on weather and fluctuating commodity prices and hence diversify the operations.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:43 pm
Message reputation : 100% (1 vote)
Revenue of the company is almost in the same line with other  plantations and moving with the herd.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:47 pm
Message reputation : 100% (3 votes)
EPS in comparison with other plantation companies

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:49 pm
Message reputation : 100% (3 votes)
EPS of the company was maintained at 4 for 2015 but its ability to maintain the same for next year will be challenging as seen across the industry.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:50 pm
Message reputation : 100% (1 vote)
PE ratio was continuously at a low level

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:51 pm
Message reputation : 100% (2 votes)
Dividend per share is not yet broken Rs 1.00 mark and as per first quarter report released its difficult to believe that barrier will be broken in next year.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:53 pm
Message reputation : 100% (3 votes)
Sometimes you find Nonsense relationships among two variables..

Market value and net assets per share normally move hand in hand but this is an exceptional behaviour

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 4:58 pm
Message reputation : 100% (2 votes)
Noteworthy achievements during 2014/15. Palm Oil , low country ta and tea in the Pussellawa regions recorded remarkable results.

New Peacock Estate in Pussllawa achieved the highest ever yield of 3008 kg/ha  in Sri Lanka in the large estate category .
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:02 pm
Message reputation : 100% (4 votes)
Hydro Power project has contributed 4,460 KW to the grid. Four more hydro-power projects in the pipeline . Other renewable energy generations sources are also under study including Wind, Solar, Biogas and currently initiated discussions for  a biogas generation project with a company which will be powered with POMPE ( Palm Oil Mill Effluent).
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:03 pm
Message reputation : 100% (3 votes)
Eco Tourism is in the demand and many plantation companies are considering the possibility. ELPL is also considering that and Agar Wood to add revenue in future.
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:09 pm
Message reputation : 100% (2 votes)
When challenge faced by all estates is shrinking work force. ELPL states that they are considering steps to mechanize the estate operations.

However i like to quote following

The fruits in oil palm bunches ripen unevenly  and have to be surgically  cut out at least every ten days to avoid rotting  and pest infestation. Engineers have never been able to mechanize the task and the work can only be done by hand. (54. How Asia Works)

Further elevation level of our tea estates make it difficult to mechanize the pruning process
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:13 pm
Message reputation : 100% (1 vote)
I am a believer of subsidizing agriculture and following is quoted from p.4 of ELPL annual report 2015

We are grateful to the Government for continuing the fertilizer subsidy. the record yields we have achieved in our plantations without doubt is due to this support from the government and this has helped all stake holders to reap its benefits.
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:36 pm
Cool! Easily digestable Data! thanks a lot.
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 5:43 pm
Message reputation : 100% (2 votes)
This trend started in plantation sector as their cost of production was increasing for tea,rubber while market prices were not increasing proportionately /sufficiently ( actually it even dropped in rubber) .



yellow knife wrote:Sometimes you find Nonsense relationships among two variables..

Market value and net assets per share normally move hand in hand but this is an exceptional behaviour

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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 6:26 pm
Thanks YK + Very Happy
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 7:43 pm
Thanks YK.
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Mon Sep 07, 2015 10:02 pm
Thx YK. Good job +.
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:29 pm
Message reputation : 100% (1 vote)
2015/16

2015/16 was not a good year for Plantation sector.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:30 pm
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EPS fell down substantially with commodity price drop.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:31 pm
Message reputation : 100% (1 vote)
Having a lower PE ratio does not always mean the share is attractive as future income is the important factor.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:32 pm
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Not all plantations can pay dividends..

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:33 pm
Message reputation : 100% (1 vote)
Net Assets and Market share move in opposite directions in plantation sector.

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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 09, 2016 1:36 pm
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 01, 2017 9:02 am
2017

ELPL  can be proud of the year ended and following grid is proudly presented in their annual report.


Descritpion20172016Increase %
Turnover3,009,791.002,444,426.0023
Gross Profit607,401.00175,312.00246
PAT463,289.00219,812.00111
Income Tax Expense-43,452.00-24,270.0079
Current Assets639,454.00480,868.0033
Shareholders Funds3,912,787.003,393,732.0015
EPS5.772.69114
Dividends1.000.50100
Net Assets P/S53.7046.5715
ROE15.218.4181
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yellow knife
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ELPL.N0000 (Elpitiya Plantations PLC) Empty Re: ELPL.N0000 (Elpitiya Plantations PLC)

Fri Sep 01, 2017 9:04 am
Revenue of ELPL as well as its PAT has reversed the downward trend experience for some time.

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