Author Topic: SSOM -- S.S. Oil Mills Limited  (Read 29270 times)

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Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #119 on: February 03, 2017, 10:46:21 AM »
rally start soon

Pakinvestorsguide

Re: SSOM -- S.S. Oil Mills Limited
« Reply #119 on: February 03, 2017, 10:46:21 AM »

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #120 on: February 03, 2017, 10:51:09 AM »
risk may not be more the 6 per share have more up side potential one should have

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #121 on: February 08, 2017, 11:19:35 AM »
risk may not be more the 6 per share have more up side potential one should have

Rally about to start apni apni set belt band lo bhaiyoooooooo

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #122 on: February 17, 2017, 03:52:29 PM »
buy before result Good Luck St 60

Offline Valueestimator

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #123 on: February 17, 2017, 04:12:28 PM »
buy before result Good Luck St 60

I am also waiting for the rally, have accumulated lot of it.
Top Picks: BTL, FASM, KHTC, AGIC, NPL, AKBL, BOP,ATRL

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #124 on: February 20, 2017, 02:18:13 PM »
buy before result Good Luck St 60

I am also waiting for the rally, have accumulated lot of it.

cap 1  :clap1:

Offline SMF-M

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #125 on: February 20, 2017, 03:35:29 PM »
closing toh cap pe hwi but there was no buyer at cap  :confused1:

kal dekhte hy kya krta hy. I have 2K lol at 48.
-- Faraz

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #126 on: February 22, 2017, 11:06:39 AM »
expected EPS INSHAALLAH between 3 to 4.5

Inventory turn over increase may lead to company manage more effectively for reduce debt plus expected good inventory gain as well GOOD LUCK.

All assumption based on data available from web. 

Offline Koolfire

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Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline Oddest

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #128 on: October 30, 2017, 02:04:16 PM »
buy before result Good Luck St 60

I am also waiting for the rally, have accumulated lot of it.

https://www.psx.com.pk/newsattachment/105852.pdf

Good result.
What will be your TP now?

Offline Koolfire

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Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #130 on: April 25, 2018, 01:47:17 AM »
Consider it also
Feels attractive n bullish

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #131 on: April 25, 2018, 11:01:08 AM »
Consider it also
Feels attractive n bullish

follow unity stock

Offline jkhaliq

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #132 on: April 25, 2018, 11:21:58 AM »
Unity food? Any target price?

Offline aatradekhi

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #133 on: February 19, 2019, 10:47:09 AM »
Wednesday 27-02-2019 11am
Half year BM

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #134 on: October 16, 2019, 03:15:15 PM »
buy before result Good Luck St 60

I am also waiting for the rally, have accumulated lot of it.

SALAM BROTHER HOW ARE YOU DO YOU HAVE SSOM ?

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #135 on: October 29, 2019, 12:44:35 PM »
Good result
Operating Profit more then POML
SSOM big problem is Only interest Expense jo sara profit khajati hai
sale increase , Margins increase

Offline umair vohra

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #136 on: October 30, 2019, 11:27:38 AM »
Past business performance

For the better part of the last decade, company's production and sale volumes have remained stagnant owing to an increasing trend in raw material prices (oilseed) due to poor extraction levels amid high domestic demand.

As a result, despite installed oilseed crushing capacity of 90,000 tons; the company saw utilization level as low as 16 percent in FY13; at that time, the company had a stable balance sheet position, with controlled debt levels and no long term debt.

During FY13 to FY16, the company saw its principle washed oil production level decline to as low as seven thousand tons; with stagnation in the meal and soap business.

Starting FY16, the company geared up its focus primarily toward meal and soap business, which picked up pace. Production volume increased by 122 percent during the four intervening years, with meal and soap business forming the core chunk of sales as of FY19.

Financial performance

During the outgoing financial year, top-line increased by 12 percent on the back of improved prices in the domestic market, even as sales volume of both washed oil and meal & soap lines declined by 16 and 2 percent respectively, on year on year basis.

The increased in prices in the domestic market came on the back of poor crop performance year, which in addition to a significant contraction in major crop sector also led to a decline in oilseed business as per annual Economic Survey.

Nevertheless, as selling prices increased in anticipation, the company was able to reap nominal benefit of lower-cost carryover inventory from the previous year; which led to gross profit margin increasing by 125bps to close in 5.9 percent.

Note that on ex-depreciation basis, the gross margin is highest since FY16; but still lower compared to industry levels. The low-base gross margin leaves the company with little room to manoeuvre for operating expenses; which by and large have remained between 1 and 2 percent of top-line for the past several years.

Cash flow analysis of EBITDA and PBT levels reveals that the company loses its biggest chunk of profitability to financial expenses, with increasing reliance on short-term debt since FY16. In fact, based on financial statements alone, it could be extrapolated that the company ramped up its production capacity utilization levels beginning FY16 based primarily on increasing reliance on ST debt, which has increased by over 3 times from Rs400 million to Rs1258 million by FY19 close. Even though leverage levels and interest cover are under sustainable levels as the company has no external LT debt, excessive reliance on ST loans creates a skewed debt profile and increases maturity risk.

Outlook

Oilseed crops are expected to perform better in the ongoing fiscal year (FY20) owing to better water availability and increased support and interest by the incumbent government. Renewed focus on oilseed crop is also reflected in oilseed cultivation being identified as a priority area under National Agriculture Emergency Program. This is expected to bring oilseed prices lower in the coming years; however, no significant change is expected in the short term.

Offline tariq54

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Re: SSOM -- S.S. Oil Mills Limited
« Reply #137 on: December 01, 2019, 12:04:41 PM »
Good result
Operating Profit more then POML
SSOM big problem is Only interest Expense jo sara profit khajati hai
sale increase , Margins increase
What is the primary reason of taking short term debt amount ( Rs 1,25,58,41,798/= ) which eat the profit of the company by paying interest amount ( Rs 14,01,05,748/= )
Umair Bhai, can you please give your view.
Thanks

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