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TGL -- Tariq Glass Limited

- - - - - TGL Tariq Glass Limited

552 replies to this topic

#1
fairdeal

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    Doston is Script k baray mein aap sab kia kehtey hein 70 k rate pay buy karna chahiye ya nahi news ye hay
    Posted Image ''Wed, Jun 20 2007 15:25:31 PKT Tariq Glass Industries: The Board of Directors of the Company in their meeting has decided to issue on (1) Right Share for every one (1) share i.e. 100at premium of Rs. 15/- per share. Share Transfer Books will be closed from July 14 to 20, 2007".


    #2
    Ahsan Amin

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    Stay Away

    Already rose Rs 50 to Rs 73.6 (high of tgl)



    Regards
    Regards

    #3
    Farzooq

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    any recommendations for tgl ? at current rate 38.6

    #4
    FAIZ-UL-HASAN

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    View PostFarzooq, on Aug 1 2007, 04:53 PM, said:

    any recommendations for tgl ? at current rate 38.6


    "I AM ALSO INTERESTED "BUT TRING TO FIND SOME TECH DETAILS

    #5
    Farzooq

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    DIRECTORSí REPORT
    It gives me pleasure to present you the accounts for the quarter and the accumulated
    for the nine months ended March 31, 2007.
    Operating Performance:
    By the Grace of Almighty ALLAH, your company has earned a net profit of Rs. 63.935
    million after taxation for the period of nine months ended March 31, 2007 as
    compared to the net profit of Rs. 46.497 million for corresponding period of previous
    year. The net profit for the third quarter is low because of interruption in the supply of
    natural gas during the quarter under review which resulted in lower production. In
    addition, furnace oil was consumed to maintain the minimum temperature levels of
    the furnaces, hence extra expenditure. The mark up rates of the financial facilities
    were revised upwards due to change in KIBOR resulting in increase in the finance
    costs.
    The net sales of the current nine months increased by Rs. 51.392 million over the
    corresponding period of nine months showing a growth of 6.7 %. The earnings per
    share have also improved.
    A comparative summary of the financial results for the nine months ended March 31,
    2007 is as follows:
    March 31, 2007 March 31, 2006
    Rupees Rupees
    Profit before taxation 69,245,183 59,126,449
    Taxation 5,310,195 12,629,290
    Profit after taxation 63,934,988 46,497,159
    Earnings per Share Rs. 5.54 4.03
    Future Outlook:
    As reported earlier the works on Third Furnace is in hand. Major portion of the
    imported Furnace Refractories have arrived at the works, civil works of the furnace
    foundation and new warehouse is in full swing and Inshallah it is hoped that the
    commercial production will commence before the end of current calendar year.

    Besides good financial results, we are providing a large range of products which are
    of very high quality, catering for local and export markets. We would like to thank all
    the members of our team and distributors whose efforts are playing major role in the
    growth of the company and urge them for their continuous support and cooperation
    for the growth of the company.

    #6
    Farzooq

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    full year expected around rs 7

    present rate of tgl 39400 + 25000 rights = 64400 /1000 shares = 64.4

    trading at p/e multiple of 9.2






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