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» Contagion (2011)
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ELPL.N0000 (Elpitiya Plantations PLC)

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

Post by yellow knife on Mon Sep 07, 2015 4:42 pm

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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Post by yellow knife on Mon Sep 07, 2015 4:43 pm

Revenue of the company is almost in the same line with other  plantations and moving with the herd.

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Post by yellow knife on Mon Sep 07, 2015 4:47 pm

EPS in comparison with other plantation companies

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Post by yellow knife on Mon Sep 07, 2015 4:49 pm

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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Post by yellow knife on Mon Sep 07, 2015 4:50 pm

PE ratio was continuously at a low level

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Post by yellow knife on Mon Sep 07, 2015 4:51 pm

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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Post by yellow knife on Mon Sep 07, 2015 4:53 pm

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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Post by yellow knife on Mon Sep 07, 2015 4:58 pm

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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Post by yellow knife on Mon Sep 07, 2015 5:02 pm

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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Post by yellow knife on Mon Sep 07, 2015 5:03 pm

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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Post by yellow knife on Mon Sep 07, 2015 5:09 pm

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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Post by yellow knife on Mon Sep 07, 2015 5:13 pm

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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Post by Defender on Mon Sep 07, 2015 5:36 pm

Cool! Easily digestable Data! thanks a lot.

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Post by slstock on Mon Sep 07, 2015 5:43 pm

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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Post by pathfinder on Mon Sep 07, 2015 6:26 pm

Thanks YK + Very Happy
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Post by serene on Mon Sep 07, 2015 7:43 pm

Thanks YK.

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Post by Nuinth on Mon Sep 07, 2015 10:02 pm

Thx YK. Good job +.

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Post by yellow knife on Fri Sep 09, 2016 1:29 pm

2015/16

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

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Post by yellow knife on Fri Sep 09, 2016 1:30 pm

EPS fell down substantially with commodity price drop.

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Post by yellow knife on Fri Sep 09, 2016 1:31 pm

Having a lower PE ratio does not always mean the share is attractive as future income is the important factor.

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Post by yellow knife on Fri Sep 09, 2016 1:32 pm

Not all plantations can pay dividends..

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Post by yellow knife on Fri Sep 09, 2016 1:33 pm

Net Assets and Market share move in opposite directions in plantation sector.

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Post by yellow knife on Fri Sep 09, 2016 1:36 pm

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Post by yellow knife on 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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Post by yellow knife on 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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