NAVF.. is it worthwhile..?

anu · 1 NAVF.. is it worthwhile..? Fri Sep 14, 2012 10:23 pm

anu

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NAVF hit 73.50 today, which was trading in 50s 2 months back.

74% of total assets of the fund is in listed shares. There portfolio consists of shares with good fundamentals as well as liquid.
(COMB.X, HNB.X, DIST, CFIN, UBC, NDB, LION, CIC, CT Hold., Durdens X, Hayleys, Free lanka, Asiri, SERV, Tkyo.N, RAL, KGAL, RHL.N & ACL)

NAVPU as of 30th June - 78.16

Taking todays closing prices, the NAVPU will be around 92.00. The value appreciation in listed stock portfolio since 30th June is 24% or 152Mn. This is mostly after 1st Sept 12.

Dividends - 2010 - Rs. 5
2011 - Rs. 2.5

Can expect a better dividend given the portfolio performance. Hope this is good for risk averse people, who don't want to take a plunge in individual shares with high price fluctuations... !!

anu · 2 Re: NAVF.. is it worthwhile..? Sat Sep 15, 2012 12:08 am

anu

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One more interesting factor in trading in NAVF.

While buying and selling normal shares, the brokerage+other charges are around 1.12% of transaction amount. In case of NAVF (as this is a Unit Fund), total brokerage and other charges are only around 0.25%.

Antonym · 3 Re: NAVF.. is it worthwhile..? Sat Sep 15, 2012 12:19 am

Antonym

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@anu: It appears that NAVF is trading at approx 80% of NAV per unit.

Look around... There are some investment trusts that are trading at lower percentages than that.

WildBear · 4 Re: NAVF.. is it worthwhile..? Sat Sep 15, 2012 6:46 pm

WildBear

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Antonym wrote:@anu: It appears that NAVF is trading at approx 80% of NAV per unit.

Look around... There are some investment trusts that are trading at lower percentages than that.

In addition to well known investment trusts, I see buying in to some undervalued stocks which holds a portfolio of other stocks is more cheaper than buying the individual stocks directly' few examples,

-DIST owns 40 % of SPEN or around 160 million shares of SPEN, considering total DIST share volume of 300 million, If you buy 100 shares of DIST, you indirectly buy 50 shares of SPEN which inturn the holding company of Hotel sector giant AHUN. However DIST still trading at very low P/E and P/B ratios.

-CITK now owns 20 % of CLND, and NAV of CITK is 10.5, but trading around 7.5, so if any one interested in buying CLND it is cheaper to enter via CITK.

-RENU holds one DFCC stock for each RENU share, but when compare to DFCC, RENU is still massively undervalued than DFCC.

-LOLC have a significant share portfolio and their group structure is some what complicated to figure out , but with their recent acquisition of Browns group, LOLC + BRWN owns over 20 % of Voting and another 20 % of NV shares of SEYB, 13 % of HDFC, Two large finance companies LOFC,CLC, So during a Bank and Finance sector rally it is better to watch LOLC as well, We saw in 2011 CSE on dizzy levels at one time LOFC traded at a higher market capitalization than the parent LOLC for a considerable period.

This is not a buy or sell recommendation, but just some facts as according to Value investing principals, it is believed that markets are always inefficient and if we analyzed in debt we ll be able to identify stocks with hidden value before the others.

anu · 5 Re: NAVF.. is it worthwhile..? Sat Sep 15, 2012 11:45 pm

anu

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WildBear wrote:

Antonym wrote:@anu: It appears that NAVF is trading at approx 80% of NAV per unit.

Look around... There are some investment trusts that are trading at lower percentages than that.

In addition to well known investment trusts, I see buying in to some undervalued stocks which holds a portfolio of other stocks is more cheaper than buying the individual stocks directly' few examples,

-DIST owns 40 % of SPEN or around 160 million shares of SPEN, considering total DIST share volume of 300 million, If you buy 100 shares of DIST, you indirectly buy 50 shares of SPEN which inturn the holding company of Hotel sector giant AHUN. However DIST still trading at very low P/E and P/B ratios.

-CITK now owns 20 % of CLND, and NAV of CITK is 10.5, but trading around 7.5, so if any one interested in buying CLND it is cheaper to enter via CITK.

-RENU holds one DFCC stock for each RENU share, but when compare to DFCC, RENU is still massively undervalued than DFCC.

-LOLC have a significant share portfolio and their group structure is some what complicated to figure out , but with their recent acquisition of Browns group, LOLC + BRWN owns over 20 % of Voting and another 20 % of NV shares of SEYB, 13 % of HDFC, Two large finance companies LOFC,CLC, So during a Bank and Finance sector rally it is better to watch LOLC as well, We saw in 2011 CSE on dizzy levels at one time LOFC traded at a higher market capitalization than the parent LOLC for a considerable period.

This is not a buy or sell recommendation, but just some facts as according to Value investing principals, it is believed that markets are always inefficient and if we analyzed in debt we ll be able to identify stocks with hidden value before the others.

@wildbear. Excellent contribution. Thank you so much

WildBear · 6 Re: NAVF.. is it worthwhile..? Mon Sep 17, 2012 1:41 pm

WildBear

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it seems CITK price will soon catch up it's NAV of 10.5, However as now CITK is proxy to CLND, price appreciation of CLND will further boost the NAV of CITK.

At the same time today SPEN appreciated further, but the proxy of SPEN, DIST have not followed that in similar pace. I think now DIST is more attractive than SPEN