Author Topic: PRWM -- Prosperity Weaving Mills Limited  (Read 5601 times)

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Offline SBM

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PRWM -- Prosperity Weaving Mills Limited
« Reply #-1 on: September 02, 2013, 01:04:54 AM »
All about Prosperity Weaving Mills Limited
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PRWM -- Prosperity Weaving Mills Limited
« Reply #-1 on: September 02, 2013, 01:04:54 AM »

Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« on: September 02, 2013, 01:05:41 AM »
Corporate Profile
Prosperity Weaving Mills Limited (An ISO 9001:2000 Certified Company) started production of high quality apparel and home furnishing greige fabrics in June, 1993. The plant is equipped with Benninger Zell Warping and sizing, Toyota high speed Air Jet Weaving looms, LUWA humidification/chilling and state of art advanced computerized process and quality control machines. The mill comprises a total of 340 looms of various widths. Fabric production is over 55,000,000 (Fifty five million) linear meters annually and caters to the quality conscious buyers of Europe, North America, and the Far East. All kinds of sheeting, flannel, canvas, duck, drills, twills, satins, down proof, rip stop, stretch and dobby fabrics are produced in 100% cotton and synthetic blends.

The fabric is mainly produced for dyeing quality and extra care is taken to produce fault free minimum contamination fabrics of long piece lengths.

Machinery

Warping                                    Benninger Zell Germany 4 Sets
Sizing                                        Benninger Zell Germany 4 Sets
Total Looms           
240 Looms of 75” Width + 84 Looms of 134” Width + 16 Looms of 110” Width =  340 Looms
 
Looms Description
132 Looms of JAT-600 (Toyoda-Japan), Width = 75”
60 Looms of JAT-610 (Toyoda-Japan), Width = 75”
48 Looms of JAT-710 (Toyoda-Japan)  Width = 75”
84 Looms of JAT-710 (Toyoda-Japan), Width = 134”
16 Looms of OMNIPLUS 800 (Picanol-Belgium), Width = 110”
 
Air-Compressor               Atlas Copco Germany
Humidification/Chilling     Luwa Swiss
Products

All kinds of sheeting, flannel, canvas, duck, drills, twills, satins, down proof, rip stop, stretch and dobby fabrics are produced in 100% cotton and synthetic blends.
 We produce up to 800 thread count (T-800).
 
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Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #1 on: September 02, 2013, 01:07:34 AM »
Prosperity Weaving Mills Limited
(PRWM)   September 27th, 2012
01:59:42 PM   FINANCIAL RESULT FOR THE YEAR ENDED 30/06/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 108.485
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 77.839
EPS = 4.21
DIVIDEND = 25%(F)
ANNUAL GENERAL MEETING WILL BE HELD ON 24/10/2012
BOOK CLOSURE FROM 18/10/2012
BOOK CLOSURE TO 24/10/2012

Prosperity Weaving Mills Limited
(PRWM)   October 23rd, 2012
12:52:26 PM   FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 85.276
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 66.957
EPS = 3.62

Prosperity Weaving Mills Limited
(PRWM)   February 25th, 2013
12:40:33 PM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 177.512
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 152.198
EPS = 8.24

Prosperity Weaving Mills Limited
(PRWM)   April 24th, 2013
04:01:34 PM   FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/03/2013
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 277.280
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 233.161
EPS = 12.62
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Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #2 on: September 02, 2013, 01:18:24 AM »
All time high 39.7 made on 26th july 2013

Highest ever dividend PKR 3.5/ share

Previous all time high eps was 7.5 in 2011

company has alredy earned 12.62 in 9m2013

i expect 3.5 - 5 rupees dps with full year results
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Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #3 on: September 02, 2013, 01:27:07 AM »
not recommending for investment, opened topic for discussion with seniors and experienced traders
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Offline Alpha

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #4 on: September 02, 2013, 05:25:55 AM »
It paid 40-50% of its earnings in last 4 years so expect 5-7rs DPS this time.

Earning will be less then the last two quarters as it was maintaining 5 week inventory unlike GADT & others who were maintaing 15 weeks plus.

A good company, needs to be in ones textile portfolio

Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #5 on: September 02, 2013, 09:59:42 AM »
It paid 40-50% of its earnings in last 4 years so expect 5-7rs DPS this time.

Earning will be less then the last two quarters as it was maintaining 5 week inventory unlike GADT & others who were maintaing 15 weeks plus.

A good company, needs to be in ones textile portfolio

its a weaving mill. their stock levels are generally much lower than spinning mills.
i guess you can get yarn more readily all year long compared to cotton.

they have the ability to pay 5+ for sure, but they might conserve cash and go for some expansion or investment in alternate energy.

but historiccally, they havent gone for regular expansions, just small BMR

so maybe i can keep small hope for bumper div




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Offline sAr

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #6 on: September 02, 2013, 10:13:13 AM »
Sab choro, yai batao Log trustable hain? As in Chor Group tu nahee hai?

Offline sAr

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #7 on: September 02, 2013, 10:19:43 AM »
Isnt Nagina Better?

Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #8 on: September 02, 2013, 10:28:30 AM »
Sab choro, yai batao Log trustable hain? As in Chor Group tu nahee hai?

Isnt Nagina Better?

i think group is ok.
they have shared profits whenever they have had good years, generally work at full capacity
someone i know has audited them. he thought they were ok ppl.

prwm is part of nagina group. i have nagc too. but bigger position in prwm

nagc is probably cheaper right now ...
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Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #9 on: September 19, 2013, 03:25:15 PM »
bm 1230pm 26 sept
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Offline valor123

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #10 on: September 19, 2013, 03:36:26 PM »
Reliance weaving is still on affordable price,,,, and a good scrip......

Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #11 on: September 19, 2013, 03:45:32 PM »
Reliance weaving is still on affordable price,,,, and a good scrip......

rewm is cheaper on earnings basis. prwm will payout more .. choice of poison is yours  :biggthumpup:
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Offline Nousherwan

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #12 on: September 19, 2013, 09:56:30 PM »
Reliance weaving is still on affordable price,,,, and a good scrip......

rewm is cheaper on earnings basis. prwm will payout more .. choice of poison is yours  :biggthumpup:
fasm movement will help making this decision btw rewm n prwm

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #13 on: September 26, 2013, 02:17:57 PM »
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Offline Hypnotized

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #14 on: September 26, 2013, 02:34:23 PM »
Reliance weaving is still on affordable price,,,, and a good scrip......

rewm is cheaper on earnings basis. prwm will payout more .. choice of poison is yours  :biggthumpup:

Ye zehar tu shehad bun gya! I think a lot many members here did choose both!  :D

Offline tariqaziz

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #15 on: September 26, 2013, 02:41:02 PM »
not only prosperity weaving also ellcot spinning and nagina cotton laoooo mall with 10 rupees dps :dance :shoaby: :thumbsup_anim:  all three companies under nagina group.

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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #17 on: September 26, 2013, 03:10:43 PM »
this will be my biggest ever single dividend laooo
 :D

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Offline SBM

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Re: PRWM -- Prosperity Weaving Mills Limited
« Reply #18 on: October 05, 2013, 10:26:59 AM »
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