Author Topic: LUCK -- Lucky Cement  (Read 196097 times)

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Offline aharoon

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Re: LUCK -- Lucky Cement
« Reply #1119 on: August 21, 2017, 08:13:57 PM »
cement bag par 25rs discount dai raha hai aur apnay shares par daily 5% discount..
zalimaa coca-cola pila dai ...

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Re: LUCK -- Lucky Cement
« Reply #1119 on: August 21, 2017, 08:13:57 PM »

Offline MZ

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Re: LUCK -- Lucky Cement
« Reply #1120 on: August 25, 2017, 01:41:18 PM »
Lucky Cement Company (LUCK): Price correction unlocking valuations - Reiterate ‘Buy’

Thursday, 24 August 2017

By: Insight Securities (Private) Limited
Lucky Cement Limited (LUCK PA) has underperformed KSE100 index by 14% since its inclusion in MSCI Emerging Markets Index in Jun 2017. We attribute the fall to the impressive price run-up ahead of the inclusion along with the mounting risks of breakdown in pricing arrangement.
With likely decline in capacity utilization to 67% by FY2019 in South, we have assumed cement prices in south at 2-4% discount to North prices compared to current 7-8% price premium. With the new Target Price of PKR817/share, we recommend ‘BUY’ on the scrip, considering 34% available price upside, diversified exposure in cement industry and investments in automobile and power sector. Our valuation is based upon SOTP valuation methodology, where we have evaluated LUCK’s domestic cements, Iraq/Congo operations and power projects separately. Key Risks to our evaluations include i) serious price competition, ii) slowdown in domestic cement demand, iii) delays in upcoming projects, iv) change in customs tariff etc.
On August 17, 2017, LUCK has officially slashed its retail prices by PKR25/ bag in the north to PKR525 a bag. We estimate PKR2.9/share negative impact on company profits for the PKR25/bag price reduction while gross margins would decline by 1.8%.
In Iraq LUCK has setup a grinding mill with a capacity of 0.9mtpa in an equal share Joint venture with Alshumookh construction materials trading FZE. The company plans to double the capacity in Iraq taking the total grinding capacity to ~1.8mtpa by FY18. Half of the expansion is bound to come online in Oct 2017 whereas the remaining half is scheduled for Nov2017.

Offline Atif Ali

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Re: LUCK -- Lucky Cement
« Reply #1121 on: August 25, 2017, 03:29:23 PM »
cement bag par 25rs discount dai raha hai aur apnay shares par daily 5% discount..
zalimaa coca-cola pila dai ...
WAPSI SHROO.

Offline Atif Ali

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Re: LUCK -- Lucky Cement
« Reply #1122 on: August 30, 2017, 01:32:32 PM »
cement bag par 25rs discount dai raha hai aur apnay shares par daily 5% discount..
zalimaa coca-cola pila dai ...
WAPSI SHROO.
670-680 LAO,I.A.

Offline akbar.aqil

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Re: LUCK -- Lucky Cement
« Reply #1123 on: August 31, 2017, 05:16:26 PM »
Abhi tu they say 555 ka golden number aaeyga pehley

Offline SBM

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Re: LUCK -- Lucky Cement
« Reply #1124 on: August 31, 2017, 11:30:27 PM »
The Finance Act, 2017 has amended Section 5A of the Income Tax Ordinance, 2001 and introduced tax on every
public company at the rate of 7.5% of its accounting profit before tax for the year. However, this tax shall not apply in
case of a public company, which distributes at least 40% of its after tax profits within six (6) months of the end of the
tax year through cash or bonus shares.
The Company filed a Constitutional Petition (CP) before the Sindh High Court (SHC) on July 28, 2017 challenging the
vires of Section 5A of the Income Tax Ordinance,2001, and SHC accepted the CP and granted stay against the newly
amended section 5A.
Further, the Board of Directors of the Company in their meeting dated July 31, 2017 has proposed cash dividend at
the rate of PKR. 12/- per share which amounts to PKR. 3,880.50 million (i.e. 28.34% of after tax profits) for the financial
and tax year 2017, which is lower than the minimum prescribed distribution rate.
In case the SHC’s decision is not in favor of the Company; the Company will either be required to declare dividend to
the extent of 40% of after tax profits or it will be liable to pay additional tax at the rate of 7.5% of the accounting profit
before tax of the Company for the financial year ended June 30, 2017. As at the balance sheet date, no charge has
been recorded by the Company in this respect.
I hate waking up.

Offline SBM

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Re: LUCK -- Lucky Cement
« Reply #1125 on: August 31, 2017, 11:31:49 PM »
The Finance Act, 2017 has amended Section 5A of the Income Tax Ordinance, 2001 and introduced tax on every
public company at the rate of 7.5% of its accounting profit before tax for the year. However, this tax shall not apply in
case of a public company, which distributes at least 40% of its after tax profits within six (6) months of the end of the
tax year through cash or bonus shares.
The Company filed a Constitutional Petition (CP) before the Sindh High Court (SHC) on July 28, 2017 challenging the
vires of Section 5A of the Income Tax Ordinance,2001, and SHC accepted the CP and granted stay against the newly
amended section 5A.
Further, the Board of Directors of the Company in their meeting dated July 31, 2017 has proposed cash dividend at
the rate of PKR. 12/- per share which amounts to PKR. 3,880.50 million (i.e. 28.34% of after tax profits) for the financial
and tax year 2017, which is lower than the minimum prescribed distribution rate.
In case the SHC’s decision is not in favor of the Company; the Company will either be required to declare dividend to
the extent of 40% of after tax profits or it will be liable to pay additional tax at the rate of 7.5% of the accounting profit
before tax of the Company for the financial year ended June 30, 2017. As at the balance sheet date, no charge has
been recorded by the Company in this respect.

they might pay 5 rupees dividend with q1
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Offline Zee94

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Re: LUCK -- Lucky Cement
« Reply #1126 on: September 06, 2017, 09:30:01 AM »
The Finance Act, 2017 has amended Section 5A of the Income Tax Ordinance, 2001 and introduced tax on every
public company at the rate of 7.5% of its accounting profit before tax for the year. However, this tax shall not apply in
case of a public company, which distributes at least 40% of its after tax profits within six (6) months of the end of the
tax year through cash or bonus shares.
The Company filed a Constitutional Petition (CP) before the Sindh High Court (SHC) on July 28, 2017 challenging the
vires of Section 5A of the Income Tax Ordinance,2001, and SHC accepted the CP and granted stay against the newly
amended section 5A.
Further, the Board of Directors of the Company in their meeting dated July 31, 2017 has proposed cash dividend at
the rate of PKR. 12/- per share which amounts to PKR. 3,880.50 million (i.e. 28.34% of after tax profits) for the financial
and tax year 2017, which is lower than the minimum prescribed distribution rate.
In case the SHC’s decision is not in favor of the Company; the Company will either be required to declare dividend to
the extent of 40% of after tax profits or it will be liable to pay additional tax at the rate of 7.5% of the accounting profit
before tax of the Company for the financial year ended June 30, 2017. As at the balance sheet date, no charge has
been recorded by the Company in this respect.

Where is this from?

Offline SBM

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Re: LUCK -- Lucky Cement
« Reply #1127 on: September 06, 2017, 12:26:58 PM »
The Finance Act, 2017 has amended Section 5A of the Income Tax Ordinance, 2001 and introduced tax on every
public company at the rate of 7.5% of its accounting profit before tax for the year. However, this tax shall not apply in
case of a public company, which distributes at least 40% of its after tax profits within six (6) months of the end of the
tax year through cash or bonus shares.
The Company filed a Constitutional Petition (CP) before the Sindh High Court (SHC) on July 28, 2017 challenging the
vires of Section 5A of the Income Tax Ordinance,2001, and SHC accepted the CP and granted stay against the newly
amended section 5A.
Further, the Board of Directors of the Company in their meeting dated July 31, 2017 has proposed cash dividend at
the rate of PKR. 12/- per share which amounts to PKR. 3,880.50 million (i.e. 28.34% of after tax profits) for the financial
and tax year 2017, which is lower than the minimum prescribed distribution rate.
In case the SHC’s decision is not in favor of the Company; the Company will either be required to declare dividend to
the extent of 40% of after tax profits or it will be liable to pay additional tax at the rate of 7.5% of the accounting profit
before tax of the Company for the financial year ended June 30, 2017. As at the balance sheet date, no charge has
been recorded by the Company in this respect.

Where is this from?

notes from Lucky cement annual report 2017
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Offline Farzooq

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Re: LUCK -- Lucky Cement
« Reply #1128 on: October 05, 2017, 04:26:47 PM »
Luck 515 Almost down 50% from its highs. P/e down to 15 from 25.
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Online Ali

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Re: LUCK -- Lucky Cement
« Reply #1129 on: October 05, 2017, 04:31:29 PM »
Farzook bh - Waht is your view? Its still expensive? Right?