TJL Community

User avatar
Value
Equity Analyst
Equity Analyst
Posts: 930
Joined: Fri Jan 27, 2017 7:30 pm
Flag: Sri Lanka

Re: TJL Community

Postby Value » Sat Jul 29, 2017 10:53 am

SL is still classified as lower middle income country....will take 3 to 4 years atleast to become a upper middle income country.

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Tue Sep 12, 2017 10:13 pm

Good Support @35Rs.

Holding solidly around 40 s.

Global cotton prices are relatively low side in
Price is what you pay. Value is what you get.”

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Tue Sep 12, 2017 10:38 pm

SHARK wrote:Good Support @35Rs.

Holding solidly around 40 s.

Global cotton prices are relatively low side in


Did not fall below 40 ......

holding the ground firm.....
Live Today........
Without compromising your ability to Live Tomorrow……… :)

traderchandi
Senior Member
Senior Member
Posts: 323
Joined: Fri Jan 06, 2017 6:38 am
Flag: Sri Lanka

Re: TJL Community

Postby traderchandi » Tue Oct 10, 2017 8:52 am

No one has interest in this gem ?

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Tue Oct 10, 2017 10:25 pm

traderchandi wrote:No one has interest in this gem ?


dropped below 40......
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
sashimaal
Moderator
Moderator
Posts: 3479
Joined: Mon Jan 12, 2015 4:17 am
Flag: Sri Lanka

Re: TJL Community

Postby sashimaal » Wed Oct 11, 2017 6:11 am

For the moment it has MT-LT hold value only (ones with not so large quantities can sell and buy back IMO).
Don't buy new unless you want a substantial qty.

This quarter results will not be good either (let's look at it in another couple of months time)
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Wed Oct 11, 2017 7:39 am

Thanks Sashi
Indeed, better to wait for few quarters
Live Today........
Without compromising your ability to Live Tomorrow……… :)

traderchandi
Senior Member
Senior Member
Posts: 323
Joined: Fri Jan 06, 2017 6:38 am
Flag: Sri Lanka

Re: TJL Community

Postby traderchandi » Thu Oct 12, 2017 1:36 pm

I feel with cotton prices also easing down, TJL will show a good report this time around.
You do not have the required permissions to view the files attached to this post.

Investor from 1985
Senior Member
Senior Member
Posts: 573
Joined: Tue Nov 22, 2016 12:40 pm
Flag: Great Britain

Re: TJL Community

Postby Investor from 1985 » Thu Oct 12, 2017 1:43 pm

traderchandi wrote:I feel with cotton prices also easing down, TJL will show a good report this time around.





We don't need to be a prisoner to things we can't change, TJL is not a trading stock time will come for it...
Attitude determines how well you do it. :)

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Wed Oct 25, 2017 12:02 am

Another opportunity .... nearing .....
Price is what you pay. Value is what you get.”

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Fri Oct 27, 2017 11:58 am

there is a open gap slightly between 38-36.
Price is what you pay. Value is what you get.”

newer1
Technical Analyst
Technical Analyst
Posts: 754
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: TJL Community

Postby newer1 » Fri Oct 27, 2017 4:08 pm

TJL is trading @ good support level , 38.50rs and hope turnaround towards 40rs and if upcoming report good , possibility to break that to reach 42rs.
BE A FRIEND OF TREND

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Fri Oct 27, 2017 4:15 pm

newer1 wrote:TJL is trading @ good support level , 38.50rs and hope turnaround towards 40rs and if upcoming report good , possibility to break that to reach 42rs.


If... :-?
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Fri Oct 27, 2017 4:40 pm

i think we will have to give one or 2 quarters as pointed out by members in TEC.

better to wait for the right opportunity around last support.

after it broke 40 to the down side, i am counting on the defenses of 36/35.

lt holders need not worry ..... a good pick and definite capital gains in few years.
Price is what you pay. Value is what you get.”

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

Re: TJL Community

Postby Cseinvester » Fri Oct 27, 2017 4:47 pm

This time results may be good . MGT collect more than 1 year 1 of broker firm . Now they are push MGT share price. If results good time by them to sky :D

newer1
Technical Analyst
Technical Analyst
Posts: 754
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: TJL Community

Postby newer1 » Fri Oct 27, 2017 10:22 pm

TJL.png

today reversal Candle formed with good volumes.
this will be supported by good up coming report.
Correlate your relevant indicators.
You do not have the required permissions to view the files attached to this post.
BE A FRIEND OF TREND

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Tue Oct 31, 2017 8:32 pm

Looks like some selling to come.

buyers will be eventual winners. :ymhug:
Price is what you pay. Value is what you get.”

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 8838
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: TJL Community

Postby Blue Whale » Tue Oct 31, 2017 9:21 pm

Though YoY status says need to improve I can see QoQ they are recovering.

Good revenue growth

Margins are improving gradually

I think TJL price should establish at the current level to test long term target @ around 50/-

https://cdn.cse.lk/cmt/upload_report_fi ... 638962.pdf
Value Invest Profit

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Tue Oct 31, 2017 9:51 pm

as expected poor result.......
Live Today........
Without compromising your ability to Live Tomorrow……… :)

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Tue Oct 31, 2017 9:53 pm

newer1 wrote:TJL.png
today reversal Candle formed with good volumes.
this will be supported by good up coming report.
Correlate your relevant indicators.


Thanks newer 1, we may see reversal ....... :-?
Live Today........
Without compromising your ability to Live Tomorrow……… :)

Investor from 1985
Senior Member
Senior Member
Posts: 573
Joined: Tue Nov 22, 2016 12:40 pm
Flag: Great Britain

Re: TJL Community

Postby Investor from 1985 » Tue Oct 31, 2017 10:27 pm

SHARK wrote:Looks like some selling to come.

buyers will be eventual winners. :ymhug:




Yes, If we get good Qty @ right price . ...:))
Attitude determines how well you do it. :)

PAT
Moderator
Moderator
Posts: 6951
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Wed Nov 01, 2017 9:36 pm

High cotton prices, taxes trim Sept quarter profits at Sri Lanka’s Teejay

ECONOMYNEXT - Sri Lankan export fabric maker Teejay Lanka Plc reported net profit fell 37% to Rs370 million in the quarter ending 30 September 2017 from a year ago owing to softer demand, higher cotton prices and the ending of its tax holiday.

Sales rose 16% to Rs6 billion, according to interim accounts filed with the stock exchange.

Earnings per share in the September 2017 quarter were 53 cents. The share was trading at Rs37.50 Wednesday.

EPS for the six months to 30 September 2017 were 84 cents with net profit down 40% to Rs590 million and sales up 15% to Rs11.5 billion.

The Net Profit declined due to the challenges in the markets which saw softer demand, coupled with continuing high raw material price escalations and the ending of the tax holiday, and the Group recorded Rs370 Mn for the quarter, against last year’s Rs590 Mn for

Teejay Group chairman Bill Lam said the group was increasing capacity in India with the order book growing especially after Sri Lanka got back the GSP Plus trade concession allowing duty free imports to the European Union.

“The net profit declined due to the challenges in the markets which saw softer demand, coupled with continuing high raw material price escalations and the ending of the tax holiday,” he said.

The higher cotton yarn prices persisted, thereby depressing margins compared to the prior year, he said.

“The commissioning of extra capacity in India is gradually enabling greater volumes of business and certain economies of scale, and further aided by GSP. Thus, the Group increased its profitability quarter-on-quarter by 68%.”

Teejay Lanka also has been impacted with the ending of its tax holiday from September 2016 onwards and both Teejay India and Teejay Prints are now subjected to tax, Lam said.
Taxes within the group increased from Rs27 million to Rs79 million, a 189% increase.

Lam said Teejay Group is “gearing up for its peak quarters, with the GSP benefit already bringing in surges in EU business and expected to strengthen the customer portfolio, and the US base making strong demands for higher volumes.”
(COLOMBO, November 01, 2017)
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Wed Nov 01, 2017 9:54 pm

sign of improvement from next quarter is my honest expectation ;)
Price is what you pay. Value is what you get.”

User avatar
Value
Equity Analyst
Equity Analyst
Posts: 930
Joined: Fri Jan 27, 2017 7:30 pm
Flag: Sri Lanka

Re: TJL Community

Postby Value » Wed Nov 01, 2017 10:01 pm

Next quarter on wards TJL will show growth. One reason will be due to low base in the last year other reason will be materialization of GSP+ benefits.

I remember what I wrote under this thread somewhere january this year.

User avatar
SHARK
Savant
Savant
Posts: 15870
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Wed Nov 01, 2017 10:06 pm

i think its time we take some note of TJL.

price is attractive around 36Rs. Slightly above the psychological support 35
Price is what you pay. Value is what you get.”


Return to “Communities”

Who is online

Users browsing this forum: Google [Bot] and 1 guest