DIAL Community

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Fri Sep 22, 2017 5:21 am

DIAL is poised for s strong growth in profitability. They are likely to record at least 5% growth in PAT if no daemons in exchange rates in Q4. Next year they will be making 10Bn plus PAT according to my estimates.
Value Invest Profit

batman111
Senior Member
Senior Member
Posts: 412
Joined: Wed Jan 28, 2015 12:25 pm
Flag: Sri Lanka

Re: DIAL Community

Postby batman111 » Sat Sep 23, 2017 9:59 am

Blue Whale wrote:DIAL is poised for s strong growth in profitability. They are likely to record at least 5% growth in PAT if no daemons in exchange rates in Q4. Next year they will be making 10Bn plus PAT according to my estimates.


Agree
"Know what you own, and know why you own it." - Peter Lynch

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Sep 23, 2017 2:09 pm

So what kind of incremental plans DIAL have with CALF acquisition. How they are going to transform the digital finance business? How well those services will be taken up by local masses?
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Sep 23, 2017 3:40 pm

Sinhaputhra Finnce has 63Mn issued share capital
Its NAV was 18.2 as at 30th June
The total worth of the company based on net assets 1,147Mn
If pays 50% more for goodwill, future profits, etc then total investment will be 1,712Mn
Still 22% higher than DIAL total investment on CALF.
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Sep 23, 2017 3:47 pm

TFIL total net assets as at 30th June was 1399
If DIAL to pay 50% extra for goodwill and future earnings then the total investment would be 2,098Mn
Still about 35% higher than CALF
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Sep 23, 2017 4:01 pm

Summit Finance has net assets of 276Mn
50% premium will give 414Mn
However market price is 21.50 so that minimum DIAl will have to pay 774Mn
Since the share price is already more than double that of NAV I think Dialog could have done a deal on this company say @ 25/- , 16% higher than the current market price
That will cost them around 900Mn and I think that is better than CALF.
Value Invest Profit

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Sat Sep 23, 2017 5:02 pm

Blue Whale wrote:Summit Finance has net assets of 276Mn
50% premium will give 414Mn
However market price is 21.50 so that minimum DIAl will have to pay 774Mn
Since the share price is already more than double that of NAV I think Dialog could have done a deal on this company say @ 25/- , 16% higher than the current market price
That will cost them around 900Mn and I think that is better than CALF.


Prime lands will lose closer to 2Rs/share then, post RI listing ( 68Mil) or

Lost 5Rs per share equivalent to 106Mil rupees prior to RI.
Price is what you pay. Value is what you get.”

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Sep 23, 2017 5:09 pm

That's high price paid by even Prime Lands. So may be they have asked some inflated price as well. Surely Dialog has gone behind all of these 2nd tier finance companies and ranked the minimum bid to acquire.
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Sep 23, 2017 5:13 pm

In case of CALF I think Cargills Bank has asked for a higher premium since they have acquired the CALF for the licence to do the leasing business. Learned that Cargills Bank has applied for a leaing license from Central Bank and when that is received Dialog will transfer the leasing portfolio of CALF to Cargills Bank.
Value Invest Profit

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Sat Sep 23, 2017 5:26 pm

Leasing and Banking should be separate ne ...... So will CARG aquire another with GAIN of CALF ?

I think we have to be careful on the GUESSING .......

As it would send wrong message ne
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Sat Sep 23, 2017 5:51 pm

I think MFL and GSF were acquired by Fairway Holdings and Prime-lands for a definite LT purpose with their existing businesses .....
Price is what you pay. Value is what you get.”

User avatar
dhanurrox
Top Contributor
Top Contributor
Posts: 896
Joined: Sat Sep 10, 2016 1:36 pm
Flag: Sri Lanka

Re: DIAL Community

Postby dhanurrox » Tue Nov 07, 2017 12:34 pm


Cseinvester
Member
Member
Posts: 220
Joined: Sat Oct 21, 2017 6:35 am
Flag: Sri Lanka

Re: DIAL Community

Postby Cseinvester » Tue Nov 07, 2017 12:37 pm

Thanks dhanu hope you have good profit in your liquid shares like RGEM .,OFeQue, ECl

batman111
Senior Member
Senior Member
Posts: 412
Joined: Wed Jan 28, 2015 12:25 pm
Flag: Sri Lanka

Re: DIAL Community

Postby batman111 » Tue Nov 07, 2017 2:14 pm

Dialog Axiata PLC announced, Tuesday 7th November 2017, its consolidated financial results for the nine months ended 30th September 2017.

Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd (“DBN”), Dialog Television (Pvt) Ltd (“DTV”) and Digital Holdings Lanka (Pvt) Ltd (“DHL”). Following the acquisition of Colombo Trust Finance PLC on 12th September 2017, the assets and liabilities of Colombo Trust Finance have been reflected in the consolidated balance sheet of the Group.

The Group continued its strong growth momentum across Mobile and Fixed Line businesses to record a consolidated revenue of Rs24.2Bn for Q3 2017 and Rs69.4Bn for the nine months ended 30th September 2017, demonstrating a growth of 5% Quarter on Quarter (“QoQ”) and 8% Year to Date (“YTD”) respectively. Downstream of revenue, Group EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) recorded a growth of 16% QoQ and 14% YTD to reach Rs9.4Bn for Q3 2017 and Rs24.8Bn for the first nine months of 2017 on the back of strong recovery in core revenues and cost initiatives. The Group EBITDA margin was accordingly recorded at 35.7%, improvement of 1.6pp YTD.

The quarter featured the removal of 10% Telco Levy for Mobile and Fixed data services, with effect from 1st September 2017. The effective indirect tax on data services reduced from 31.7% to 19.7% and in line with this reduction, all licensed telecommunications operators extended a further 10% data bonus in support of Governments directive to lower taxes.

Group NPAT (Net Profit After Tax) grew 59% QoQ to be recorded at Rs3.7Bn. However, NPAT for the first nine months of 2017 declined by 2% to be recorded at Rs7.6Bn, impacted by increase in depreciation, net finance cost and non-cash translational forex losses. The Sri Lankan Rupee depreciated 2.2% YTD resulting in a non-cash translational foreign exchange loss of Rs0.4Bn compared to Rs0.2Bn during the corresponding period in 2016.

Dialog Group continued to be a significant contributor to state revenues, remitting a total of Rs27.9Bn to the Government of Sri Lanka (GoSL) during the first nine months of 2017 representing an increase of 18% relative to same period of 2016. Total remittances included direct taxes and levies (Rs7.4Bn) as well as consumption taxes collected on behalf of the GoSL (Rs20.5Bn).

During the quarter, Dialog Axiata PLC completed the acquisition of an 80.34% stake in Colombo Trust Finance PLC (CTF). The Company proceeded with a mandatory offer for the remaining 19.66% of shares, and the offer was concluded on 2nd November 2017. The acquisition of CTF by Dialog Axiata PLC will facilitate the expansion of the scope of operations of the Dialog Group in to the sphere of mainstream Financial Services. Dialog aims to bring together the realms of advanced digital connectivity and cutting edge Financial Technology (FinTech) to deliver a revolutionary suite of products and services which will expand the vistas of financial inclusion in Sri Lanka.

Group capital expenditure for the nine months ended 30th September 2017 totalled to Rs17.1Bn. Capital expenditure was directed in the main towards investments in High-Speed Broadband infrastructure to further strengthen the Group's leadership in Sri Lanka's Broadband sector. Group Operating Free Cash Flow (OFCF) was recorded at Rs3.1Bn for the first nine months of 2017. The Group continued to exhibit a structurally strong balance sheet with the Net Debt to EBITDA ratio being maintained at 0.89x as at 30th September 2017.

At an entity level, Dialog Axiata PLC (“the Company”) continued to contribute a major share of Group Revenue (83%) and Group EBITDA (79%). The Company Revenue for the nine months ended 30th September 2017 was recorded at Rs57.4Bn, up 6% compared to the corresponding period in 2016. Revenue for 3Q 2017 grew by 5% QoQ to be recorded at Rs20.1Bn. Underpinned by strong revenue performance, the Company EBITDA for the quarter increased by 14% QoQ for Q3 2017 to reach Rs7.4Bn. On a YTD basis, the Company EBITDA for the first nine months of 2017 grew by 4% to be recorded at Rs19.6Bn, translating to an EBITDA margin of 34.1%. The Company NPAT was recorded at Rs3.3Bn for Q3 2017 and Rs7.4Bn for the first nine months of 2017 respectively, representing an increase of 41% QoQ and a decline of 12% YTD.

Dialog Television (DTV), continued to consolidate its leadership position in the Digital Pay Television space with the subscriber base growing 17% YTD to exceed 926,000 as at end September 2017. The revenue grew 6% QoQ in Q3 2017 to reach Rs1.6Bn and 1% on YTD basis to be recorded at Rs4.6Bn for the nine months ended 30th September 2017. Driven by aggressive cost initiatives, DTV EBITDA grew by 84% QoQ to reach Rs202Mn for Q3 2017 whilst on a YTD basis EBITDA grew 22% to be recorded at Rs377Mn. Downstream of positive EBITDA performance, DTV Net Loss decreased 51% QoQ albeit the Net Loss for nine months ended 30th September 2017 increased to Rs634Mn relative to a Net Loss of Rs346Mn recorded in the corresponding period of 2016.

Dialog Broadband Networks (DBN) recorded a Revenue of Rs3.2Bn for Q3 2017 and Rs9.1Bn for nine months ended 30th September 2017, representing an increase of 4% QoQ and 35% YTD. Strong top line growth was supported by Fixed Home Broadband segment powered by 4.5G LTE Technology. The quarter also featured the launch of a pre-paid offering for Fixed Home Broadband with a view to expand affordability and to reach a wide spectrum of Sri Lankan Households. Downstream of resilient revenue performance, DBN EBITDA grew 16% QoQ and 84% YTD to be recorded at Rs1.9Bn for Q3 2017 and Rs5.1Bn for the first nine months of 2017 respectively. On the back of healthy EBITDA performance, DBN recorded a Net Profit of Rs640Mn for Q3 2017 up 93% QoQ and Rs1.2Bn for nine months ended 30th September 2017 relative to a Net Loss of Rs62Mn in the corresponding period of 2016.
"Know what you own, and know why you own it." - Peter Lynch

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Nov 11, 2017 8:03 pm

Strange that no one is talking on the impact budget proposals on this one. The worse thing is that if implemented they are screwed as no way to pass the cost to the customer. Mangala has proposed to charge 200,000 per month for every tower. If implemented telco players will have to pay a tax of 2.4Mn per annum per tower. They have about 2,200 towers and this proposal alone cost them more than 5Bn rupees. Isn't it a threatening proposal? I wonder why this government try to screw telco players in every budget.

2015 mini budget - super gains tax and telco levy
2016 - VAT
2017 - VAT increase on data
2018 - Tower tax.

Dialog share price is a sensitive one for CSE ASPI. If it falls back to 10/- then ASPI?
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Mon Nov 13, 2017 2:03 pm

Damage is being done. 2018 budget reaction same as 2017 budget reaction. X(
Value Invest Profit

User avatar
NC+
Moderator
Moderator
Posts: 2802
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: DIAL Community

Postby NC+ » Fri Nov 24, 2017 7:15 am

DIAL-Earnings-Update-HOLD-20-11-17 - First Capital

https://www.firstcapital.lk/wp-content/ ... -11-17.pdf
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Wed Jan 24, 2018 8:19 pm

12.50 might be the Support it is hanging on.

Getting in around 12.70 or tad below 13 should be ok, if possible to buy.
Price is what you pay. Value is what you get.”

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Wed Jan 24, 2018 9:30 pm

If government don't screw them with f*****g tower tax Dialog will do better in 2018 than 2017. Also you can expect a higher dividend this year than last year.
Value Invest Profit

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Fri Feb 09, 2018 11:46 am

loosing steam around 13.5 .... a short pull back or consolidation ?
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Fri Feb 09, 2018 11:49 am

dial.png
You do not have the required permissions to view the files attached to this post.
Price is what you pay. Value is what you get.”

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Fri Feb 09, 2018 6:58 pm

Very good FY 17 result with a dividend of 46 cents. Is this not good result. (*) :-bd
Value Invest Profit

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Feb 10, 2018 8:33 am

Dialog has made the highest ever profits in a FY this year. They have surpassed the previous highest made in 2006. So where will be from now on.
Value Invest Profit

User avatar
SHARK
Savant
Savant
Posts: 15569
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: DIAL Community

Postby SHARK » Sat Feb 10, 2018 8:41 am

The 2 weekly candle vicks indicate uncertainty/ loosing upside momentum, DIAL will get the the much needed strength from dividends + super results for another attempt to test the HIGHs of 14.

The cup formation between 10-14 gives us an indication where this share should be provided more foreign interests picks up above the break-out of 14.

the support of 12rs is well intact.

i like to see what impact the tower tax would have on the upcoming performance of this company. will the govt roll back this tax ?
Price is what you pay. Value is what you get.”

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8697
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: DIAL Community

Postby Blue Whale » Sat Feb 10, 2018 8:44 am

14 will not be an issue cum dividends. I think the tower tax will remain as a proposal only same as many other proposals of this regime.
Value Invest Profit


Return to “Communities”

Who is online

Users browsing this forum: No registered users and 5 guests