Author Topic: FECTC -- Fecto Cement Limited  (Read 94886 times)

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Offline kamal

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FECTC -- Fecto Cement Limited
« Reply #-1 on: September 27, 2011, 09:23:07 PM »
Fecto Cement Limited.

Trading at 5-5.5 with low volumes. Infact today no shares were traded. Last year the company posted loss after tax of Rs. 208 million with LPS of Rs. 4 / share approx. with no divid and bonus.

Fecto cement factory is based in hattar and supplies cement in punjab and Khyber Paktukhua. Last year flood destructions lead to some sort of reconstructions. Further increased sales as compared to pervious year would result the company to book PAT with estimated EPS between 1 and 1.6.

Chances of 10% dividend is there (with slim chances)

BOD on 30 Sep (if iam not mistaken).

We may see limited activity in this share and give an apportunity for trading between Rs. 5-8. (all info are as per my sources)

 :fingerscrossed1:
« Last Edit: January 29, 2012, 10:21:34 PM by M&M »
Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Pakinvestorsguide

FECTC -- Fecto Cement Limited
« Reply #-1 on: September 27, 2011, 09:23:07 PM »

Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« on: September 30, 2011, 04:11:19 PM »
eps 1.30
div/bonus nil
comments?
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Offline kamal

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Re: FECTC -- Fecto Cement Limited
« Reply #1 on: September 30, 2011, 04:23:52 PM »
Told u the eps ... and profit... Interesting no div. ..

Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #2 on: January 29, 2012, 08:14:59 PM »
Low of 3.90 to high of 7.10... with in a month... what is it up to.... any inside news.....?????
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Offline kamal

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Re: FECTC -- Fecto Cement Limited
« Reply #3 on: January 29, 2012, 08:21:25 PM »
Low of 3.90 to high of 7.10... with in a month... what is it up to.... any inside news.....?????

I am holding bot some arnd 4.5 near its result in anticipation  of result of June. Will sale of tomorrow. Dunno the news.
Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #4 on: February 18, 2012, 04:48:59 PM »
Low of 3.90 to high of 7.10... with in a month... what is it up to.... any inside news.....?????

I am holding bot some arnd 4.5 near its result in anticipation  of result of June. Will sale of tomorrow. Dunno the news.
so what up now.... KOHC is around 17... n Fectc at 8..... is it gonna touch 10 or..... back to 6..... :)
still holding some chunk for last 2 years..... that i bought in my early days upon advice of my AFLATOON  broker....  :brickwall:
any trigger there...?
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Offline kamal

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Re: FECTC -- Fecto Cement Limited
« Reply #5 on: February 19, 2012, 01:47:35 AM »
Low of 3.90 to high of 7.10... with in a month... what is it up to.... any inside news.....?????

I am holding bot some arnd 4.5 near its result in anticipation  of result of June. Will sale of tomorrow. Dunno the news.
so what up now.... KOHC is around 17... n Fectc at 8..... is it gonna touch 10 or..... back to 6..... :)
still holding some chunk for last 2 years..... that i bought in my early days upon advice of my AFLATOON  broker....  :brickwall:
any trigger there...?

Interesting kai abb Cement sector kau lead kon karay ga .. 1st luck tha than DGKC ... ab post result scenerio. main don t find leader ..

Point yeh hai kai Laffarage, PIOC, FECTC, Fauji Cement, etc ... Volume bananay main kaam attay hain par they need leader ..

agar DG main tezi aiygee tau sara sector uth jaiga . more likely. .As per my info ..FECTC 10 is imminent ..before its half yearly result .

par 10 pau Dr. Sab nikal jana . Rest ur decision. ;) I got rid between 6-7
Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #6 on: February 19, 2012, 05:20:44 PM »
Low of 3.90 to high of 7.10... with in a month... what is it up to.... any inside news.....?????

I am holding bot some arnd 4.5 near its result in anticipation  of result of June. Will sale of tomorrow. Dunno the news.
so what up now.... KOHC is around 17... n Fectc at 8..... is it gonna touch 10 or..... back to 6..... :)
still holding some chunk for last 2 years..... that i bought in my early days upon advice of my AFLATOON  broker....  :brickwall:
any trigger there...?

Interesting kai abb Cement sector kau lead kon karay ga .. 1st luck tha than DGKC ... ab post result scenerio. main don t find leader ..

Point yeh hai kai Laffarage, PIOC, FECTC, Fauji Cement, etc ... Volume bananay main kaam attay hain par they need leader ..

agar DG main tezi aiygee tau sara sector uth jaiga . more likely. .As per my info ..FECTC 10 is imminent ..before its half yearly result .

par 10 pau Dr. Sab nikal jana . Rest ur decision. ;) I got rid between 6-7
yea waiting for9-10....Inshallah will sell there.... :goodc: few sold at 7 though....  :biggthumpup:
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Offline Poker Face

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Re: FECTC -- Fecto Cement Limited
« Reply #7 on: February 27, 2012, 08:41:07 PM »
HY eps 2.14 previous 1.65 up 30% YoY
FECTC was upper cap today.
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Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #8 on: February 27, 2012, 09:04:20 PM »
so target......??????/
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Offline Poker Face

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Re: FECTC -- Fecto Cement Limited
« Reply #9 on: February 27, 2012, 09:06:10 PM »
so target......??????/
Kohat cement ko dekh ke to kuch bhi ho sakta hai. KOHC was again upper lock today.
However, 11 is easily achievable with this eps.  :skeptic:
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Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #10 on: February 27, 2012, 09:31:24 PM »
How about 13...... :goodc:
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Offline kamal

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Re: FECTC -- Fecto Cement Limited
« Reply #11 on: February 27, 2012, 09:39:44 PM »
How about 13...... :goodc:

Dr Sb.. apnay last kisi post main kaha tha kai u will dispose off arnd 10..

Abb greediness sai nahee kaam lain ..agar profit millay tau Tawakal karkay nickal jain ... Fectc ka mood salon main change hota hai ...warna phir sai 4-5 ki range dekhni na parjaiy ... Hope u got my point ..decision urs ...kal dispose karain remaining ka half (if profit) shoq hai tau neechay uthaliay ga ..warna Fectc sai agay aur bhee duniya hai ..My sincere advice .. :biggthumpup: :biggthumpup:
Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Offline soulpower

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Re: FECTC -- Fecto Cement Limited
« Reply #12 on: February 28, 2012, 08:05:10 PM »
Aoa all members. Can anybody tell me how defered taxation can be considered profit?as shown in FECTC announcement. Isn't defered taxtion a liability?

Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #13 on: February 28, 2012, 09:22:57 PM »
Aoa all members. Can anybody tell me how defered taxation can be considered profit?as shown in FECTC announcement. Isn't defered taxtion a liability?
nice question..... :biggthumpup:
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Offline kamal

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Re: FECTC -- Fecto Cement Limited
« Reply #14 on: February 28, 2012, 10:52:40 PM »
Aoa all members. Can anybody tell me how defered taxation can be considered profit?as shown in FECTC announcement. Isn't defered taxtion a liability?
nice question..... :biggthumpup:

Deferred taxation is Accounting term ..which is different to current taxation concepts.

Current Tax concepts are governed by Income Tax Ordinance and FBR. Deferred taxation is based on IAS-12 "Deferred Taxation" accounting stards (international accounting standards).

Deferred taxation is recognition of defer tax assets / liabilities on the basis of timing differences. Means agay salon main taxation authorities kia allow for taxation karaingee and kia disalloq karaingee ..if an entity's net deferred tax results into deferred tax assets ..means it has net corresponding deferred tax income ... set off against current tax charge... means Accounting books main ziyada hit hai tax kai muqablay main allowability of tax expense kai hisab sai ...e.g. if provision against stocks / debtors is maintained as per accounts but same is not allowed as expense in current tax means difference of them multiply by 35% is defer tax assets ..
and defer tax income ..yane kai aglay anay walon salon main tax walay is provision kau allow karay ga if its actual expense.

Similarly .. accounting depreciatio n is at lesser rate than tax depreciatiion which is charged at more rate. This results in defer tax liab. yanee iska benefit is saal milgaya hai and aglay salon main ziyada tax depreciation charge benefit nahee milay ga ..

Hope samjh agaya hoga ...nahee aiya tau koi baat nahee .. :biggthumpup:
Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Offline soulpower

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Re: FECTC -- Fecto Cement Limited
« Reply #15 on: February 29, 2012, 07:58:39 AM »
U mean to say that company is charged more tax and this amount will be subtracted from future taxation.Why some companies use this deferred taxation format and others do not?

Offline kamal

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Re: FECTC -- Fecto Cement Limited
« Reply #16 on: February 29, 2012, 08:51:30 AM »
U mean to say that company is charged more tax and this amount will be subtracted from future taxation.Why some companies use this deferred taxation format and others do not?

All companies Financials are subject to all accounting standards ... and IAS-12 Deferred Taxation is one of them ... so its applicable to all..

Majority Companies ka agar acha profit Accounting hau ... before tax than unka deferred tax liab and deferred tax expense atta hai ...

Jau loss ya near to loss ya break even pai hotay hai unka deferred tax asset / gain atta hai ...(not necessarily but it can be said somehow ..) but not true for every case...

Assessment Orders of tax return main tax authorities kuch companies kau kuch expense allow karta hai aur kuch kau kuch bhee nahee ...phir Appeals hotee hai ..and case discuss hota hai uu know law interpretation ...

Point : Deferred Taxation applies to all even ENGRO FFC sab kau .. its basically a reconciling difference between tax charge as per accounting and tax charge as per tax authorities over a period of tim e....current tax main hit (expense araha hai) tau deferred main gain bhee hosakta hai depends on individual working of co;s
Realize Profit when and wherever u can. Coz its profit for which we are here for not marrying scrips. Fundamentals at KSE  weigh not more than 20-30%. Move with the moves of market. If u move against than u'll be loser and accumulating dividend only.

Offline soulpower

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Re: FECTC -- Fecto Cement Limited
« Reply #17 on: February 29, 2012, 09:12:14 AM »
Thanx for the detailed reply. :thanks:

Offline Dr nouman

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Re: FECTC -- Fecto Cement Limited
« Reply #18 on: March 01, 2012, 09:30:49 PM »
Thanx for the detailed reply. :thanks:
FECTC following the footsteps of KOHC.......?  is it justified with Hy EPS 2.14 or still a satta...... :skeptic:
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