BALA Community

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BALA Community

Postby PAT » Fri May 12, 2017 11:24 pm

Balangoda Plantations PLC

Balangoda Plantations PLC is a Sri Lanka-based company, which is engaged in the cultivation and manufacture of tea and rubber. The Company operates through the Tea and Rubber segments. The Company manufactures various grades of tea, including Balangoda, Meddakande, Non Pareil, Pettiagalla, Glen Alpin, Spring Valley, Telbedde and Wewesse Estates. The Company has approximately six tea estates, over 10 tea cum rubber estates and approximately four rubber estates in two districts: badulla and ratnapura. The Company's cultivated land consists of approximately 4,204.15 hectares under tea and over 2,737.89 hectares under rubber. The Company's parent company is Melstacorp Limited, which is a limited liability company.

https://markets.ft.com/data/equities/te ... .N0000:CSE
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Re: BALA Community

Postby PAT » Fri May 12, 2017 11:25 pm

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Re: BALA Community

Postby Blue Whale » Fri May 12, 2017 11:34 pm

Compared with how the peers performed BALA is far behind for me.
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Re: BALA Community

Postby PAT » Fri May 12, 2017 11:36 pm

Blue Whale wrote:Compared with how the peers performed BALA is far behind for me.


Yes, but as standalone good recovery.....
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Re: BALA Community

Postby Blue Whale » Fri May 12, 2017 11:41 pm

Rather than a recovery I would like to name it as an escape because falling onto a tidal wave. :D
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Re: BALA Community

Postby Blue Whale » Tue Jul 04, 2017 8:08 am

Made 15Mn PAT for quarter ending 31st March 2017
Made a loss of 33Mn for quarter ending 30th June 2017

Likely result for quarter ending 30th June 2017 is a PAT of 29Mn.
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Re: BALA Community

Postby PAT » Wed Jul 05, 2017 10:26 pm

Blue Whale wrote:Made 15Mn PAT for quarter ending 31st March 2017
Made a loss of 33Mn for quarter ending 30th June 2017

Likely result for quarter ending 30th June 2017 is a PAT of 29Mn.


Means we could expect Rs 1.30 EPS for June quarter.... :-w

last quarter EPS was Rs 0.64
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Re: BALA Community

Postby Blue Whale » Wed Jul 05, 2017 10:43 pm

Correct.
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Re: BALA Community

Postby Blue Whale » Thu Jul 06, 2017 10:33 am

One of strong trading counter at the moment from plantation sector. Will demonstrate a true effort to establish a new 52W high again.
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Re: BALA Community

Postby Xmart » Tue Jul 11, 2017 11:31 am

but balangoda, ratnapura area were severely affected by recent flood after continuous drought. if weather provide BALA a good support they can produce super profit but it seem weather adversely affecting BALA. i fear last quarter results may not be so good with flood and land slide effects. this may be the one reason BALA not performed like other plantations in recent past.

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Re: BALA Community

Postby Blue Whale » Tue Jul 11, 2017 12:57 pm

Xmart wrote:but balangoda, ratnapura area were severely affected by recent flood after continuous drought. if weather provide BALA a good support they can produce super profit but it seem weather adversely affecting BALA. i fear last quarter results may not be so good with flood and land slide effects. this may be the one reason BALA not performed like other plantations in recent past.

thanks


BALA's quarter ending 31st March was not that good when all others doing well. I think its a problem with their crop rather than the weather alone.
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Re: BALA Community

Postby Blue Whale » Wed Jul 12, 2017 2:02 pm

BALA is on course of establishing a new 52W high again.
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Re: BALA Community

Postby Blue Whale » Wed Jul 12, 2017 2:10 pm

17/- too cleared in style.
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Re: BALA Community

Postby Blue Whale » Wed Jul 12, 2017 3:11 pm

52W high again :-bd
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Re: BALA Community

Postby PAT » Wed Jul 12, 2017 5:06 pm

Blue Whale wrote:52W high again :-bd


.... :-bd
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Re: BALA Community

Postby Gass » Wed Jul 12, 2017 7:06 pm

what is the real situation, why sudden interest today?

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Re: BALA Community

Postby PAT » Wed Jul 12, 2017 10:23 pm

Blue Whale wrote:52W high again :-bd


Rs 17.90 /=

10.49% gained within a day...... :ymsmug:
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Re: BALA Community

Postby Xmart » Wed Jul 12, 2017 11:49 pm

Looks like in this strong plantation ride "ළපයි සිපයි ඔක්කොම උඩ යනව වගේ".

Anyway, BALA has very rich asset base but they couldn't deliver any remarkable result during last quarter. This was once traded at 50+ and everyone's favorite 6-7 years back. If BALA utilize this favorable environment and prices to catch up, uncle Harry might surprise us. Better to watch MESL as well

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Re: BALA Community

Postby Blue Whale » Thu Jul 13, 2017 5:17 am

Plantations had severe issues.
1) Adverse whether - excess rain or low rain
2) Low commodity price
3) Stoppage of fertilizer subsidy by government

How effective these issues iron out will decided the fate of plantations as well as BALA.
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Re: BALA Community

Postby PAT » Thu Jul 13, 2017 5:22 pm

PAT wrote:
Blue Whale wrote:52W high again :-bd


Rs 17.90 /=

10.49% gained within a day...... :ymsmug:


& again

Rs 18.90

Over 465,000 shares traded
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Re: BALA Community

Postby Blue Whale » Thu Jul 13, 2017 5:27 pm

How many times BALA has reset the 52W high today :))
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Re: BALA Community

Postby PAT » Sat Jul 15, 2017 12:54 am

Could expect some dividend after 3 years ...... :ymdaydream:

In 2014 they declared Rs 1

& in 2013 Rs 1 too
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Re: BALA Community

Postby Blue Whale » Mon Jul 17, 2017 9:13 am

Is the current run due to the hope of turning around the tables. Q1 result shows a small light.
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Re: BALA Community

Postby PAT » Fri Jul 28, 2017 12:45 pm

new 52 weeks high

Rs 19.40/=
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Re: BALA Community

Postby Shadow walker » Thu Aug 10, 2017 5:36 pm

Financial statements for quarter ended 30.06.2017

Impressive result..

EPS - 11.42


https://cdn.cse.lk/cmt/upload_report_file/705_1502356139513.pdf
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