Author Topic: CSAP -- Crescent Steel & Allied Products Ltd  (Read 138097 times)

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Offline SBM

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Sticky post on: August 24, 2015, 10:55:08 PM »


I hate waking up.

Pakinvestorsguide

Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #-1 on: August 24, 2015, 10:55:08 PM »

Toshi

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CSAP -- Crescent Steel & Allied Products Ltd
« on: October 10, 2008, 01:28:41 PM »
All About Crescent Steel and Allied Proudcts Ltd.
« Last Edit: April 09, 2012, 11:46:19 AM by M&M »

Offline Admin

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #1 on: July 31, 2009, 04:01:48 PM »
31-JUL-09 CSAP Crescent Steel FINANCIAL RESULT FOR THE YEAR ENDED 30/06/2OO9
31-JUL-09 CSAP Crescent Steel PROFIT/LOSS BEFORE TAXATION RS. IN MILLION (105.071)
31-JUL-09 CSAP Crescent Steel PROFIT/LOSS AFTER TAXATION RS. IN MILLION (239.749)
31-JUL-09 CSAP Crescent Steel EPS = (4.25)

Offline Honda 125

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #2 on: August 05, 2009, 10:36:47 AM »
Wah g kya baat ha upper cap woh bhe 2nd

Offline shoib bhai

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #3 on: August 06, 2009, 08:59:29 PM »
No cap today. I have some at low rates around 14 or 15. Shoud i sell or keep it for long term. Did good in the last two quarters. I hope, it will show profit in next quarter. I was thinking to switch this woth PAEL, is that good idea or just keep this one

Toshi

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #4 on: September 24, 2009, 01:39:10 PM »
upper locked

Toshi

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #5 on: November 26, 2009, 12:14:11 PM »
Crescent Steel to set up power plant

The Crescent Steel and Allied Products (CSAP) proposes to invest up to Rs430 million in a power generating unit of 14MW.

The directors conveyed the decision to the stock exchanges on Friday, in compliance with the clause relating to ‘material information’ under the Code of Corporate Governance.

The power plant would be a wholly owned subsidiary of the CSAP which initially was only in the business of steel pipe manufacturing and coating.

It thought of diversifying into textiles and acquired a running cotton spinning mill of 14,400 spindles in 2000.

During the last reported quarter ended Sept 30, 2009, the company posted profit after tax at Rs175 million, which depicted a turnaround from loss of Rs120 million suffered in the same quarter last year.

The company has mountain of cash, almost all invested in equities. The financial statements showed that total investments in long term and short term classification at the end of Sept stood at the tall order of Rs1,143 million and Rs700 million. Bulk of it was invested in 60 million shares (for 17.65 per cent stake) in associate, Altern Energy Limited, valued at Rs934 million. Witnessing the vagaries of the stock markets, the directors appear now to have thought of diverting a part of the funds from paper assets to tangible asset — the power plant.

In his last quarter review, chief executive Ahsan M Saleem says: “The implementation of Iran-Pakistan Gas pipeline Project is becoming more and more important due to current energy crisis.”

And he adds: “The required pipes for this project are well within our production range and we will be in absolute readiness to bid for supplier to this project”.

Baig Spinning Mills

liquidation

Before going off the main board of KSE, the Baig Spinning Mills is paying Rs2.104 to the shareholders for the stock of the par value of Rs10. The company went into voluntary liquidation following which it was put on the suspension list of the KSE on Nov 1 and company stock ceased to trade.

The company share hit the highest price at Rs1.04 and touched the low of 56 paisa with 11000 shares traded during the Jan-Oct 2009.

The company has 9.1 million issued-subscribed and paid-up shares. It would be safe to assume that majority equity would be in the hands of sponsors. It is nonetheless heartening to hear the directors assert that the company was able to “realise all assets and settle liabilities.”

In case of liquidation, as owners of the company, small shareholders who stand last in the row with hat in hands, to receive whatever is salvaged after all other interests such as those of creditors; banks; employees and other legal dues have been settled are often seen to go home without even a pittance. If in this case they are to receive Rs2.104 per share, the ordinary shareholders should be a satisfied lot.

Toshi

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #6 on: December 29, 2009, 11:37:10 PM »
Buy CSAP with stoploss at 25.4,trend is bullish.

Toshi

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #7 on: January 06, 2010, 03:50:09 AM »
Buy CSAP with stoploss at 25.4, bullish getting strong.

Offline sheikh85

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #8 on: December 03, 2010, 04:13:14 PM »
CSAP has posted consolidated profits of upto Rs. 9/share. However, I do not see this trend to continue for longer because most of the profits are coming from Cotton segment. In FY09, cotton segment posted gross profit worth 395m which was 21m in FY08. This surge has two reasons, one is the higher capacity utilization of the spinning plant + extremely bullish cotton prices.

Looking at first quarter's report, earnings have started subduing mainly because steel orders are dying down now. Government is pulling out of many development projects which means for the current year Steel segment will not perform that well. However, a ray of hope can be Shakarganj Energy which is a 100% owned subsidiary of CSAP. It is a bagasse fired plant and is to be commissioned by Dec, 2010. It is a 18MW plant which will run on bagasse (residue of sugarcane after sugar has been extracted). That might keep it to a self-sustaining limit. CSAP has a 7MW power purchase agreement with FESCO therefore there will not be much problems with electricity sale.

Regards,
Sheikh Usman N.
http://sheikhusman.blogspot.com

Offline ihashishin

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #9 on: January 14, 2011, 05:05:25 PM »
check out script - should have an excellent quarter

comments/agree/disagree?
DISCLAIMER: Caveat emptor.

Offline ihashishin

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #10 on: January 27, 2011, 03:09:31 PM »
check out script - should have an excellent quarter

comments/agree/disagree?

check

consolidated result
Q2=4.27 HY=6.76

unconsolidated result
Q2=3.18 HY=4.78

10% cash dividend which is inline with historical trend
DISCLAIMER: Caveat emptor.

Offline ihashishin

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #11 on: January 27, 2011, 03:17:19 PM »
check out script - should have an excellent quarter
comments/agree/disagree?
check
consolidated result
Q2=4.27 HY=6.76
unconsolidated result
Q2=3.18 HY=4.78
10% cash dividend which is inline with historical trend

can anyone come up with a technical target?
DISCLAIMER: Caveat emptor.

Offline ihashishin

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #12 on: January 28, 2011, 04:47:55 PM »
break out!

(though it looks like nobody is listening)  :arrowhead:
DISCLAIMER: Caveat emptor.

Offline Dr. Economist

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #13 on: January 28, 2011, 04:57:47 PM »
break out!

(though it looks like nobody is listening)  :arrowhead:

So whats the next target?

Offline Dr. Economist

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #14 on: January 28, 2011, 04:59:25 PM »
i think this stock has appreciate so much that it wud b risk to invest in it at current levels..Agree/Dis agree?

Offline Salman Akbar

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #15 on: January 28, 2011, 05:30:49 PM »
@ihashin

i did provided technicals of CSAP in my post http://tradingkse.blogspot.com/2011/01/quick-charting-and-analysis-of-38.html
Kidnly check it and find CSAP

broke out today with one year long consolidation. close above 30.60 was required and i think it just closed at 30.60. Confirmation of rbeakout with volumes will target 40 next.

not a bad buy

 

Offline Dr. Economist

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #16 on: January 28, 2011, 08:25:05 PM »
@ihashin

i did provided technicals of CSAP in my post http://tradingkse.blogspot.com/2011/01/quick-charting-and-analysis-of-38.html
Kidnly check it and find CSAP

broke out today with one year long consolidation. close above 30.60 was required and i think it just closed at 30.60. Confirmation of rbeakout with volumes will target 40 next.

not a bad buy

but SABIC u mentioned in ur blog that beakout at 31.73..and now ur saying 30.60..
so whats the actual breakout?  :dunno:

 

Offline Salman Akbar

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #17 on: January 28, 2011, 09:21:04 PM »
@economist

you are right the breakout is confirmed on close above 31.73 the previous high, today i just took the last high which was 30.62 because of the falling trendline.

anyways 31.73 will provide further confirmation of move towards 40 

Offline Salman Akbar

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #18 on: January 28, 2011, 09:22:54 PM »
As of today it didn't close above the breakout so i will wait for confirmation

Offline Dr. Economist

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Re: CSAP -- Crescent Steel & Allied Products Ltd
« Reply #19 on: January 28, 2011, 09:31:12 PM »
@economist

you are right the breakout is confirmed on close above 31.73 the previous high, today i just took the last high which was 30.62 because of the falling trendline.

anyways 31.73 will provide further confirmation of move towards 40 


ahan so what would b the call..should wait n c if it closes above 31.73?

Tags: CSAP Results