sysco declared results today. Jonams prediction of topline has come true. Bottomline is less than his expectations due to higher tax outgo.
Eps is 5.87 is it on fully diluted after IPO or is it on total number of shares till 31/Mar/2016?
Also why SME companies are not publishing cashflow statement in results? I want to see whether sysco cashlow situation has improved from last year or not?
@ Manipo The results of Sysco are a bit below expectation as there has been a higher provisioning for Income Tax and also employees cost and misc exps have gone up may be due to provisioning for bonus arrears as per the new Bonus Act. Also the Cash flow has turned positive although by Rs 96 lac but its a good sign. All in all good set of numbers. Backward integration project of Rs 8-9 crs shall start sometimes in July Aug contributing to profitability.
Hi, As per my working, It has, Rs 16 lakh as cash from operations for FY 16. Plz correct me if i am wrong. My working, here it goes:- Rs. In Crores Net profit as at March 31st 2016 3.39 Add:- Depreciation + 1.82 Add:- Increase in Current Liabilities + 14.89 Less:- Increase in Current Asset ( except Cash) - 19.94 Net operating cash flow from operations 0.16
@jonam you seems to have good knowledge of SME ipos. Please share your contact information on manipoindia at Gmail . com so that I can contact you for further discussions
Management has issued all the shares to itself @ Rs 50/- and in Dec have issued bonus shares in 1:2 ratio thus effectively bringing their cost of acquisition to Rs, 33.33 Further the Book Value or NAV of the shares on the expanded equity of Rs. 7.95 Crs comes to Rs. 35.20 as on Set 15. This shows the inherent strength of Sysco and also that by issuing shares @ 10/- to the public that the management has bigger plans for the future. Holding onto ones allotment for atleast one year should give good capital appreciation even if we consider the present price of Rs. 21-23 ( likely on Mon) as our opportunity cost. Disc: Holding my allotted shares.
Hi Manipo ! Lancer is at 5% circuit only so hardly any sellers. Should start trading in the 16-17 region IMO. Didn''t apply as the MD was drawing huge salary of 10 lacs per month and additionally getting 50% perks on this basic salary. But being a low priced share it will see capital appreciation in the medium term as they scale operations.
Sysco is expected to report a turnover of around 105-110 crs for the full year 2015-16 as against 49 crs for half year Sept 15. The net profit for the full year after taxes is expected in the region 4-4.25 crs as against 1.84 crs for half year Sept 15 on the expanded equity of 7.95 crs. This translates into an eps of over Rs. 5/- For 2016-17 Sysco is expected to do a turnover of around 175 crs with corresponding rise in profit. Looks like Sysco may see a sustained interest in its stock in days to come. One Mr Atul Chauhan has bought 1,00,000 shares @ 19,20 He had also bought Fourth Dimension @ 68.40 and Vidli Restaurants @ 17.28 Can any one throw some light and info on this gentleman?
@NKD Sysco is a new entrant on the Exchange and would be reporting an EPS of 5+ for year ended March 16 I would assign a PE between 6-7 translating into a price between Rs.30-35 and as per my talks with Co people the top line for March 17 should be 175 crs and bottom line of minimum 6.5 crs giving it a eps of 8+ . This should translate into a price target of Rs. 50/-
i actual was worried why it have such bad cash flow even with very good top line. What i found is change in trade receivable business policy these guys have increase sales considerable on credit basis which is not bad if the have good pay master one thing once the trade receivable cycle matures then it will have less cash flow issue.. What attracted me is growing order book and if you compare it with essel packaging it look attractive. the cash flow issue also gets more fire given the difference in payable day is only 17 days and receivable is 80 days so ratio is high 5 times which is effecting it working capital. maybe reduce the price on cash sales will be better option
So we have to wait to see if cash flow improves in couple of years. Are you still interested in buying at let''s says 25rs per share. As I think circuit will not break before 20.
Though unrelated any specific reason for fall in price of fourth dimension solutions
Profit taking I suppose I to sold see more then 200% gain. Yes cash flow is issue once it fix TRR CRR cycle it be a good both bottom line and cash flow
is it possible that anybody allotted shares & wanted to sell his shares. What is the way to buy/transfer his shares directly from his demat a/c to our demat a/c..
Can anyone help me.. how to buy sysco tomorrow.. where it will be listing.. what''s the procedure for trading.. I am having account with Anandrathi and geojit. . Both of them denied for sme trading..
BUT IS A GOOD ISSUE..CONGRATS TO THOSE WHO WERE ALLOTED
I THINK BOTH LANCER COMTAINERS AND SYSCO INDUSTRIES SHOULD BE DOING VERY WELL IN LONG TERM.
LANCER I AM CONFIDENT BEACITS A LOGISTIC COMPNAY AND HAS TIE UP WITH BIG BRAND. ALSO WE ALL HAVE SEEN PERFORMANCE OF TIGER LOGISTICS SME AND ALL LOGISTICS IPO RETURN IN LONG TERM
I THINK LANCER IS GOOD FOR LONG TERM AND SYSCO IS GOOD FOR LISTING GAINS