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Can we expect the same in Earnings?
Can we expect the same in Earnings?
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Rana
Yin-Yang
The Alchemist
sashimaal
smallville
First Guy
Monster
Future123
BullvsBear
eagle
Ethical Trader
yellow knife
16 posters
BFL.N0000 (Bairaha Farms PLC)
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Rana- Top contributor
- Posts : 1786
Join date : 2015-12-16
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CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Yin-Yang wrote:A bigger dividend.
Can we expect the same in Earnings?
Yes
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
The first note of this thread shows that the company was affected by flood in 2006 era..
Now we have to think about future earnings...
Can someone update about affect of flood to poultry sector farms...?
I have concern about future FMCG sector
1. Increasing taxes shrink disposable income
2. Flood afftect
3. If other necessary food items prices like rice and vegetables go up due to flood effect, that shrink the disposable income of chicken...
Anyway 2015 was really good for FMCG and BFL was one winner of that.
Now we have to think about future earnings...
Can someone update about affect of flood to poultry sector farms...?
I have concern about future FMCG sector
1. Increasing taxes shrink disposable income
2. Flood afftect
3. If other necessary food items prices like rice and vegetables go up due to flood effect, that shrink the disposable income of chicken...
Anyway 2015 was really good for FMCG and BFL was one winner of that.
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Personal view on New BFL results:
They have reported steady earnings, shows some setting of a long term business growth.
However, it is flat considering short term trend.
So, in my view, the results do not suggest any steep price drop or any aggressive run in the short run.
However, may offer some trading opportunities if the flood causes some panic selling.
They have reported steady earnings, shows some setting of a long term business growth.
However, it is flat considering short term trend.
So, in my view, the results do not suggest any steep price drop or any aggressive run in the short run.
However, may offer some trading opportunities if the flood causes some panic selling.
The Alchemist- Top contributor
- Posts : 651
Join date : 2014-02-25
Yin-Yang wrote:Personal view on New BFL results:
However, may offer some trading opportunities if the flood causes some panic selling.
how about "panic buying" ! (the stock, not chicken)
the flood and impact zones have potential to severely restrict supply via disease (bio security), flooding of farms, etc. interesting to find out weather listed company farms have been effected (have not seen any disclosure like LION). a lot of smallholder outgrowers have their farms located in Puttalam & Kurunegala Coconut triangle area. also, we still do know the impact & extent of damage on the general food supply chain in the next few months. demand on all food stuff will rise due to supply constraints. all the supermarkets are getting cleaned out by the guardian angels for charity purposes for the displaced. the Monsoon is just getting started, so how long will this last ?
Yin-Yang- Posts : 1321
Join date : 2016-03-12
The Alchemist wrote:Yin-Yang wrote:Personal view on New BFL results:
However, may offer some trading opportunities if the flood causes some panic selling.
how about "panic buying" ! (the stock, not chicken)
the flood and impact zones have potential to severely restrict supply via disease (bio security), flooding of farms, etc. interesting to find out weather listed company farms have been effected (have not seen any disclosure like LION). a lot of smallholder outgrowers have their farms located in Puttalam & Kurunegala Coconut triangle area. also, we still do know the impact & extent of damage on the general food supply chain in the next few months. demand on all food stuff will rise due to supply constraints. all the supermarkets are getting cleaned out by the guardian angels for charity purposes for the displaced. the Monsoon is just getting started, so how long will this last ?
You're demonstrating the thinking pattern of a seasoned player Al. (of course, you are)
If it happens, we should see a 'whipsaw' movement in BFL. (A sharp drop followed by a sharper rise). First, the market will get panicked thinking the industry is badly affected and start selling without thinking twice; followed by the discovery, drop in supply will present higher demands and better margin for the survived suppliers.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
BFL has recorded the best ever year for them and in this forum Small deserve credit for identifying this gem .
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Revenue was growing steadily fitting into a straight line of growth.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Net Assets shows a sudden up trend and prudential management of the company since I was studying this company in 2006 has paid dividends for the management.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Company faced good and bad years in its life and the EPS represent these threat and opportunities
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
2016 was the third best year for Net Profit Margin
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
The prudent management keeps most of its earnings and pay dividends. It is not a share for dividend hunters yet those who held since 2009 would be happy for dividends as per growth in capital. Thus the management of the company has kept its investors happy.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Food and Beverage industry got a good year for 2015/16.
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sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Bairaha Farms December profit up 43% over healthy sales
2017-01-30 08:49:23 0 53
Sri Lanka’s pioneer chicken processing firm, Bairaha Farms PLC, posted a net profit of Rs.14.82 cents a share or Rs.237.1 million for the December quarter (3Q17), which generally sees higher sales due to festive demand.
According to the interim financials filed with the Colombo bourse, the poultry firm increased its net profit by as much as 43.2 percent from a year ago on sales of Rs.1.13 billion, which grew by little
under 7percent.
For the nine months ended December 31, 2017, the group made a net profit of Rs.38.48 a share or Rs.615. 7 million, up 36 percent year-on-year (YoY). The sales grew by a healthy 11 percent YoY to Rs.3.26 billion.
Chicken has long been a price controlled item in Sri Lanka. According to analysts, price controls have weakened the local poultry industry’s potential
for growth.
Bairaha Farms CEO Yakooth Naleem sees immense potential to expand the local poultry sector as the per capita poultry consumption is around 9 kilograms—relatively low compared to most of the East Asian countries.The regulations on the poultry industry were further tightened when the budget 2017 said the chicken farmers must sell at least 40 percent of their produce in the ‘whole chicken’ form at the controlled price of Rs.420. Finance Minister Ravi Karunanayake then threatened to import poultry if price controls were not adhered to.
The chicken farmers were earlier selling chicken parts at market prices to bypass the controlled price as they were hit by supply side constraints relating to higher cost of animal feed.
Sourcing of raw materials for animal feed has long been a challenge for Bairaha Farms as well as for the industry in general because animal feed has to be imported at higher prices due to delays in
obtaining permits.
“Our suggestion is to guarantee a mutually-agreed reasonable price to the local maize farmers so that the entire Maha maize crop could be purchased directly by the feed-millers. Thereafter, feed-millers should be permitted to import the balance requirement before the next Maha season, without authorities imposing any undue restrictions,” Bairaha Farms Group Chairman, Prof. M.T.A. Furkhan stated.
Bairaha Farms in June commissioned a new feed-mill as a joint venture. The feed-mill is expected to allow the company to have the total integration in the poultry production operations.
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2017-01-30 08:49:23 0 53
Sri Lanka’s pioneer chicken processing firm, Bairaha Farms PLC, posted a net profit of Rs.14.82 cents a share or Rs.237.1 million for the December quarter (3Q17), which generally sees higher sales due to festive demand.
According to the interim financials filed with the Colombo bourse, the poultry firm increased its net profit by as much as 43.2 percent from a year ago on sales of Rs.1.13 billion, which grew by little
under 7percent.
For the nine months ended December 31, 2017, the group made a net profit of Rs.38.48 a share or Rs.615. 7 million, up 36 percent year-on-year (YoY). The sales grew by a healthy 11 percent YoY to Rs.3.26 billion.
Chicken has long been a price controlled item in Sri Lanka. According to analysts, price controls have weakened the local poultry industry’s potential
for growth.
Bairaha Farms CEO Yakooth Naleem sees immense potential to expand the local poultry sector as the per capita poultry consumption is around 9 kilograms—relatively low compared to most of the East Asian countries.The regulations on the poultry industry were further tightened when the budget 2017 said the chicken farmers must sell at least 40 percent of their produce in the ‘whole chicken’ form at the controlled price of Rs.420. Finance Minister Ravi Karunanayake then threatened to import poultry if price controls were not adhered to.
The chicken farmers were earlier selling chicken parts at market prices to bypass the controlled price as they were hit by supply side constraints relating to higher cost of animal feed.
Sourcing of raw materials for animal feed has long been a challenge for Bairaha Farms as well as for the industry in general because animal feed has to be imported at higher prices due to delays in
obtaining permits.
“Our suggestion is to guarantee a mutually-agreed reasonable price to the local maize farmers so that the entire Maha maize crop could be purchased directly by the feed-millers. Thereafter, feed-millers should be permitted to import the balance requirement before the next Maha season, without authorities imposing any undue restrictions,” Bairaha Farms Group Chairman, Prof. M.T.A. Furkhan stated.
Bairaha Farms in June commissioned a new feed-mill as a joint venture. The feed-mill is expected to allow the company to have the total integration in the poultry production operations.
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Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
The chicken prices in poultry shops been reduced to Rs. Rs. 420/KG. This used to be over Rs. 520/KG in November and December. Similarly, the prices of eggs also reduced considerably. What's the reason for this sudden decrease?
This decrease in prices might have an impact on the bottom lines of GRAN, BFL and TAFL.
This decrease in prices might have an impact on the bottom lines of GRAN, BFL and TAFL.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
2017
BFL has completed another splendid year.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
PAT has remained higher consecutively for last two years.
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Company reported highest ever EPS extending the FMCG growth...
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CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Thanks YK. See the sleeping giant? 
These days less talking chicken and this is the time for me to collect..
These days less talking chicken and this is the time for me to collect..
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Performance of BFL could not exceed the expectations.
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| Column1 | 6 Months 2017 | 6 Months 2016 | Variance% |
| Revenue | 2,032,084,657 | 2,124,760,428 | -4.36 |
| Gross Profit | 491,197,854 | 646,299,852 | -24.00 |
| Net Profit | 190,966,689 | 378,551,953 | -49.55 |
malanp- Posts : 518
Join date : 2014-03-04
People who sold today are winners..
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
May be right . This can come down further....may be around 120...malanp wrote:People who sold today are winners..
But longterm people can avg down as they will defenitly recover in future .
seek- Top contributor
- Posts : 263
Join date : 2014-02-26
Malanp has been survived. Now BFL at 120. In addition to low consumer demand the sector has to address flood damages as well. Interesting to see next two quarters.
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 45
Sri Lanka’s Bairaha Farms hit by import embargo on top of Coronavirus
ECONOMYNEXT – Sri Lanka’s Bairaha Farms Plc, a feed-milling and poultry processing group which had already been hit by a Coronavirus crisis has warned of further supply chain disruptions from a self-imposed trade embargo triggered by money printing.
Bairaha Farms, a publicly traded company said disruptions to their activities were ‘quite severe’ during a lockdown imposed to contain a Coronavirus pandemic.
“It has led the company to reluctantly destroy destroy day-old chicks well below the cost,” the firm said in a stock exchange filing.
The firm said the performance would be hit in the March quarter and it will stretch into the first quarter of 2018. However the firm is expecting business to pick up as they are engaged in essential products business.
Meanwhile Sri Lanka has slammed a series of import controls in the style of a self-imposed trade embargo, which is hitting the supply chains of many companies, as money printing led to forex shortages.
One of the items controlled by the government is maize.
With regard to obtaining government approval for the import of maize production by the industry, so far no approval has been granted even though repeated requests have been made to various government authorities,” the firm said.
The Coroanviris pandemic initially resulted in hitting supply chains of some companies involved in importing input from China, but the new trade controls will hit a wider spectrum of firms, including those catering to the domestic economy.
Sri Lanka’s central bank has avoided a credible external anchor by resorting to a discretionary ‘flexible’ exchange rate with a high degree of discretion and also avoided operating a credible domestic anchor with ‘flexible’ inflation targeting.
The framework is driven by call-money-rate-targeting-with-excess-liquidity which analysts say brings balance of payments troubles as soon as domestic credit improves and also threatens the ability to repay foreign loans.
The current import controls with the aid of a law widely used in the 1970s to implement the worst self-imposed trade embargo in post-independent history.
The import control law, along with a mid-night gazette, are tools used to create ad hoc changes to the business environment (regime uncertainty) and disrupt economic activities in the country for decades. (Colombo/June01/2020)
ECONOMYNEXT – Sri Lanka’s Bairaha Farms Plc, a feed-milling and poultry processing group which had already been hit by a Coronavirus crisis has warned of further supply chain disruptions from a self-imposed trade embargo triggered by money printing.
Bairaha Farms, a publicly traded company said disruptions to their activities were ‘quite severe’ during a lockdown imposed to contain a Coronavirus pandemic.
“It has led the company to reluctantly destroy destroy day-old chicks well below the cost,” the firm said in a stock exchange filing.
The firm said the performance would be hit in the March quarter and it will stretch into the first quarter of 2018. However the firm is expecting business to pick up as they are engaged in essential products business.
Meanwhile Sri Lanka has slammed a series of import controls in the style of a self-imposed trade embargo, which is hitting the supply chains of many companies, as money printing led to forex shortages.
One of the items controlled by the government is maize.
With regard to obtaining government approval for the import of maize production by the industry, so far no approval has been granted even though repeated requests have been made to various government authorities,” the firm said.
The Coroanviris pandemic initially resulted in hitting supply chains of some companies involved in importing input from China, but the new trade controls will hit a wider spectrum of firms, including those catering to the domestic economy.
Sri Lanka’s central bank has avoided a credible external anchor by resorting to a discretionary ‘flexible’ exchange rate with a high degree of discretion and also avoided operating a credible domestic anchor with ‘flexible’ inflation targeting.
The framework is driven by call-money-rate-targeting-with-excess-liquidity which analysts say brings balance of payments troubles as soon as domestic credit improves and also threatens the ability to repay foreign loans.
The current import controls with the aid of a law widely used in the 1970s to implement the worst self-imposed trade embargo in post-independent history.
The import control law, along with a mid-night gazette, are tools used to create ad hoc changes to the business environment (regime uncertainty) and disrupt economic activities in the country for decades. (Colombo/June01/2020)
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