Author Topic: SALT -- Salfi Textiles Limited  (Read 2720 times)

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Offline SBM

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SALT -- Salfi Textiles Limited
« Reply #-1 on: January 26, 2014, 08:28:10 PM »
all about salt
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SALT -- Salfi Textiles Limited
« Reply #-1 on: January 26, 2014, 08:28:10 PM »

Offline SBM

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Re: SALT -- Salfi Textiles Limited
« on: January 26, 2014, 08:30:55 PM »
very illiquid stock.
can add 100 rupees from here. my double shah would be at 320 so will offload there.
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Offline Hamid Mamraiz

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Re: SALT -- Salfi Textiles Limited
« Reply #1 on: January 26, 2014, 11:32:41 PM »
very illiquid stock.
can add 100 rupees from here. my double shah would be at 320 so will offload there.
Beneficiary of GSP+???
Trend is your friend. Never go against the Trend.

Offline Hamid Mamraiz

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Re: SALT -- Salfi Textiles Limited
« Reply #2 on: January 26, 2014, 11:40:41 PM »
very illiquid stock.
can add 100 rupees from here. my double shah would be at 320 so will offload there.
Beneficiary of GSP+???
ILTM, TATM and SALT are same group and have spinning businesses...
Trend is your friend. Never go against the Trend.

Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #3 on: February 06, 2014, 10:44:49 AM »
very illiquid stock.
can add 100 rupees from here. my double shah would be at 320 so will offload there.

LOL !  312 par seller today
 :biggthumpup:

kia baat hai  :laugh:
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Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #4 on: April 29, 2014, 03:25:43 AM »
 :crying_anim02: :crying_anim02: :crying_anim02:

offload nahi hua
and now loss

http://www.kse.com.pk/newsattachment/053856.pdf

lps 5.58
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Offline MZ

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Re: SALT -- Salfi Textiles Limited
« Reply #5 on: August 29, 2014, 07:30:36 PM »
Salfi Textile Mills Limited (KSE: SALT) is a public limited company that was incorporated in Pakistan in 1968 under the Companies Ordinance, 1984. One of the constituent members of a large industrial group of companies, the TATA group; the firm is listed on Karachi Stock Exchange. SALT, headed by Anwar Ahmed Tata, has its registered office on MA Jinnah Road, Karachi; but, the manufacturing facilities are situated at Landhi Industrial Estate, Karachi. The chief activity of the company is production and sale of yarn.

PERFORMANCE FOR 9M FY14 In the midst of severe energy crisis and swelling inflation, SALT's latest operations on the average have been on a downturn with insignificant top line growth leading to poor bottom line.

The sales revenue of the firm is gradually improving as compared to the corresponding period of the preceding year. During the nine months of the fiscal year 2013-14, net sales of Rs 3.2 billion expanded marginally by 7.5 percent year on year against net sales of Rs 3.06 billion attained in the same period of last year. This paltry growth was attributed to growing power shortages in Punjab as a result of which demand for synthetic fiber remained dismal.

SALT's gross profit fell by 25.9 percent year on year in 9M FY14. The cost of sales grew out of step due to spinning industry getting impacted by exchange rate fluctuation and hike in energy tariffs. Regardless of falling gross profit and operating profit, SALT has shown net profit after tax of Rs 71.67 million on the back of subsiding 'other expenses'. Additional backing to bottom line was offered by rise in 'other income' by 233.8 percent year on year. However, core operating expenses along with finance cost observed surge of 22.1 percent year on year and 51.2 percent year on year, respectively.

The current ratio for SALT in 9M FY14 was 1.27 and the quick ratio was 0.3, suggesting that the firm holds insignificant readily-available liquefiable assets. The non-current liabilities grew by 56.2 percent year on year due to increase in long-term borrowing and deferred liabilities by the company. Due to drop in profits, the earnings per share fell from Rs 69.82 to Rs 21.41 for vis-à-vis last financial year.

FUTURE OUTLOOK Despite the award of GSP+ status, the Pakistani textile industry is marred by severe energy crisis, dearth of branding and limited skilled labour. Moreover, India has allocated hugely in budget for its textile industries that have increased their production of cotton crop affecting negatively Pakistani yarn market.

SALT has increased its operational capacity of synthetic yarn unit due to installation of imported machinery, thus, going forward SALT's management foresees increase in top line trickling down to better profitability as a result of enhanced demand from EU: Thanks to the award of GSP+ status!

============================================================
                                        9MFY12       9MFY13       9MFY14
============================================================
Profitability
------------------------------------------------------------
Gross profit margin           9.7%        17.6%        12.2%
Operating profit margin       6.1%        12.3%         6.9%
Net profit margin             0.0%         7.6%         2.2%
ROE                                 0.1%         9.6%         3.3%
ROA                                 0.0%         5.1%         1.5%
------------------------------------------------------------
Liquidity
------------------------------------------------------------
Current ratio                 1.08         1.28         1.27
Quick ratio                   0.41         0.35         0.30
------------------------------------------------------------
Turnover
------------------------------------------------------------
Total asset turnover          0.72         0.67         0.69
Fixed asset turnover          1.46         1.55         1.35
------------------------------------------------------------
Market
------------------------------------------------------------
EPS - Rs                     0.33         69.82        21.41
============================================================

Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #6 on: September 22, 2014, 10:20:53 AM »


10 rupees loss in q4
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Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #7 on: October 15, 2014, 03:50:23 AM »
it can post 30-40 eps in fy15, result will improve from q2 onwards 
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Offline Dr. Economist

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Re: SALT -- Salfi Textiles Limited
« Reply #8 on: October 20, 2014, 09:56:05 PM »
it can post 30-40 eps in fy15, result will improve from q2 onwards

SBM you are not so optimistic about it. Why is it so?

Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #9 on: October 30, 2014, 02:38:12 PM »
it can post 30-40 eps in fy15, result will improve from q2 onwards

SBM you are not so optimistic about it. Why is it so?



first quarter was supposed to be bad .. wasnt expecting this bad :D
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Offline SYB

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Re: SALT -- Salfi Textiles Limited
« Reply #10 on: December 26, 2014, 05:15:48 PM »
By seeing its book value and installed capacity, I purchased 1,000 @ Rs. 139/- and today its closing is on Rs. 163/-  :biggthumpup:
Hope this will be perform better in coming days. SBM Brother and other seniors what will you say about this share.

Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #11 on: December 27, 2014, 12:53:20 AM »
By seeing its book value and installed capacity, I purchased 1,000 @ Rs. 139/- and today its closing is on Rs. 163/-  :biggthumpup:
Hope this will be perform better in coming days. SBM Brother and other seniors what will you say about this share.

Group is weak.
They have no intentions of increasing payouts and average ROE is also low so little chance of company reaching book value ...
 
You can trade salfi but not hold it for long term investment .. or maybe hold as very small percentage of your pf as some day they might think of closing hte factory and selling the valuable land
and then you might get some good return on your investment.
I hate waking up.

Offline SYB

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Re: SALT -- Salfi Textiles Limited
« Reply #12 on: December 27, 2014, 11:36:24 AM »
By seeing its book value and installed capacity, I purchased 1,000 @ Rs. 139/- and today its closing is on Rs. 163/-  :biggthumpup:
Hope this will be perform better in coming days. SBM Brother and other seniors what will you say about this share.

Group is weak.
They have no intentions of increasing payouts and average ROE is also low so little chance of company reaching book value ...
 
You can trade salfi but not hold it for long term investment .. or maybe hold as very small percentage of your pf as some day they might think of closing hte factory and selling the valuable land
and then you might get some good return on your investment.
Thanks Brother for your valuable comments on it and Dear is there any news or your assumption regarding shutdown and sale of land... :confused1: 

Offline SBM

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Re: SALT -- Salfi Textiles Limited
« Reply #13 on: December 27, 2014, 03:18:37 PM »
By seeing its book value and installed capacity, I purchased 1,000 @ Rs. 139/- and today its closing is on Rs. 163/-  :biggthumpup:
Hope this will be perform better in coming days. SBM Brother and other seniors what will you say about this share.

Group is weak.
They have no intentions of increasing payouts and average ROE is also low so little chance of company reaching book value ...
 
You can trade salfi but not hold it for long term investment .. or maybe hold as very small percentage of your pf as some day they might think of closing hte factory and selling the valuable land
and then you might get some good return on your investment.
Thanks Brother for your valuable comments on it and Dear is there any news or your assumption regarding shutdown and sale of land... :confused1:

I didnt say they were selling land .. I just said they have valuable land and it will be more profitable for the shareholder for the company to sell the land and invest in PIB
But it doesnt mean that will happen .. as the factory is a means for employement for many people including the controlling shareholders' family
I hate waking up.

Offline SYB

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Re: SALT -- Salfi Textiles Limited
« Reply #14 on: December 30, 2014, 02:08:35 PM »
By seeing its book value and installed capacity, I purchased 1,000 @ Rs. 139/- and today its closing is on Rs. 163/-  :biggthumpup:
Hope this will be perform better in coming days. SBM Brother and other seniors what will you say about this share.

Group is weak.
They have no intentions of increasing payouts and average ROE is also low so little chance of company reaching book value ...
 
You can trade salfi but not hold it for long term investment .. or maybe hold as very small percentage of your pf as some day they might think of closing hte factory and selling the valuable land
and then you might get some good return on your investment.
Thanks Brother for your valuable comments on it and Dear is there any news or your assumption regarding shutdown and sale of land... :confused1:

I didnt say they were selling land .. I just said they have valuable land and it will be more profitable for the shareholder for the company to sell the land and invest in PIB
But it doesnt mean that will happen .. as the factory is a means for employement for many people including the controlling shareholders' family
Brother by seeing their group's financials (Tata, Salfi, Island), I can say that their financial position is sound and on strong footing. Current Ratio etc. are good than other rivals........... 

Offline SYB

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Re: SALT -- Salfi Textiles Limited
« Reply #15 on: June 08, 2015, 04:46:59 PM »
Bought 500 @ Rs. 111.25 for  :biggthumpup:

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