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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)

OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)

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factFINDER


Manager - Equity Analytics
Manager - Equity Analytics
@slstock

Each year, OSEA include "gain/loss of FAIR VALUE ADJUSTMENT" to their Income Statement. Therefore most propably investment properties of OSEA shown in the accounts are up-to-date and there will be no significant gain, even they go for a revaluation.

A research report resently published by Asia Securities/Asia Wealth Management emphasised that "this is the ideal time to invest in OSEA" (obviously Long-term prospective).


Good Luck !! Very Happy

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Many prdicted on this forum,... reseach reports, ... charts. .. investment funds.. individual investors ... institutions all of them pesume. ... this is a good time..

Very Happy Smile Smile Smile Very Happy

23OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Thank you alll for your valuable comments Wed Apr 20, 2011 7:32 am

lion


Senior Equity Analytic
Senior Equity Analytic
Hi friends, appriciate all your feedback and comments. I now feel confident that indeed my decision to buy OSEA was a good one. My stratergy of buying value stocks is for medium to loongterm, anyway if we buy a share at a good bargain price, the market will realise the value of the share, and soon it will trade at its intrinsic value or above.

Seyon, the price of the Havelock city apartments sparts from 19Million, saw in a news article.

The current market trend is very risky, and cannot be predicted in the short run, so I belive a buy and hold stratergy is the best option available. anyway if we buy shares like OSEA, there is no need to worry as we know that the current price is indeed a bargain price.

Have a good day.

Regards.

salt


Vice President - Equity Analytics
Vice President - Equity Analytics
Thanks Lion for the post and the discussion. It had brought many perpspectives. Very thoughtful discussion.

I too have a sense that real estate market is picking up. However, not to say that there are some drawbacks as well. One key reason may be the improvement in security situation in North East, which has resulted in large out flow of Tamil speaking community from Colombo district. But, I trust this sould be set-off by renewed interest of our expatriates community who were major buying force of apartments. Revival of western / ME economies will take some time, hence it will be gradual revovery in the real esate prices as well.

lion


Senior Equity Analytic
Senior Equity Analytic
Thanks Salt,

We should have more discussions like this nature, in order to educate the investors and educate ourselves. One fact forgot to mention was 30 Cents Dividend from OSEA, then the avarage cost willl can be further reduced to 14.70.

Regards

Trader


Stock Analytic
Stock Analytic
@StocksWatch wrote:Thanks lion for the wonderful analysis.

One other factor to consider when analysing these real estate companies is that their book value may be quite out of date. It is important to check if the company has done a revaluation of assets recently to make sure that the book value reported in the accounts represents current value.

Good point raised by StockWatch.
One needs to be cautious when comparing the book values / net asset value / Price to book value of companies because of inconsistent accounting polices adopted in financial statements in regard to the valuation or rather RE-VALUATION of Assets, mainly real estate. Really, such a comparison may be quite meaningless and even misleading. A new accounting standard which would address this issue, is long-felt need. Of course .. easier said than done, as it is a very complicated and arduous task !! Rolling Eyes

lion


Senior Equity Analytic
Senior Equity Analytic
Stockwatch, Trader,

what you pointed out is correct for land and property accounted at historical cost, but most property companies, who have properties for the purpose of capital appriciation or earning rentals treat them as Investment Properties, which are normally revalued to their fairvalue annually, so their cant be a signifcant difference to the market value. When you go through the annual report you can idenitify the vallue of properties accounted at historical cost and the properties accounted as investment properties, which are mostly accounted at fair value.

Trust this helps.

Regards

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@lion wrote:Stockwatch, Trader,

what you pointed out is correct for land and property accounted at historical cost, but most property companies, who have properties for the purpose of capital appriciation or earning rentals treat them as Investment Properties, which are normally revalued to their fairvalue annually, so their cant be a signifcant difference to the market value. When you go through the annual report you can idenitify the vallue of properties accounted at historical cost and the properties accounted as investment properties, which are mostly accounted at fair value.

Trust this helps.

Regards

Totally agreed with your point lion. Yes I meant only those assets valued at historical cost. We saw recently EAST coming up a revaluation which signicantly increased its book value.

lion


Senior Equity Analytic
Senior Equity Analytic
there were several issues with EAST revaluation Land revaluation: This is not the land owned by the company, its a leasehold property. The impact is different from being owning a land and having a lease land. this may be the reason why the stock didnt react much to the announcement. I am not sure as to the accounting treatment for revaling a leasehold property.

Any Accountants comments are appriciated on this.

Regards

30OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty OVERSEAS REALTY (CEYLON) PLC(OSEA.N0000) Mon Nov 03, 2014 4:03 pm

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
OSEA Already break the second resistance level(r2) 26.3

current trading price Rs 26.60.

Net Asset Value Per Share (Rs) 29.76

this week osea will touch Rs 30.00 ..........??

expert please shear your Judgments..... Question Question Question

SHARK aka TAH

SHARK aka TAH
Expert
Expert
This is another GR8 share Very Happy

SHARK aka TAH

SHARK aka TAH
Expert
Expert
My calculation says something great in this than 30 Very Happy

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
@SHARK aka TAH wrote:This is another GR8 share Very Happy
Shark what is GR8 means...?

Nuwan Samarawickrama


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce

I'm waiting.............!!!!

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
@Nuwan Samarawickrama wrote:bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce

I'm waiting.............!!!!
Nuwan, You are waiting to know about GR8 or OSEA price up...?

My average is 24.50 and I also waiting 30+ ....

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Thushara Ayya wrote:
@Nuwan Samarawickrama wrote:bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce

I'm waiting.............!!!!
Nuwan, You are waiting to know about GR8 or OSEA price up...?

My average is 24.50 and I also waiting 30+ ....

Moving now

RPPA


Expert
Expert
You know tomorow is the day that I am planning to enter only if the situatin is
created by the matket.As my game is different.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
GR8 means ' great'

Dictionary meaning large ,Big, tremendous ........

Sea a Dictionary



Last edited by D.G.Dayaratne on Mon Nov 03, 2014 9:11 pm; edited 4 times in total (Reason for editing : typing error)

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Are willing to share with us Mr.RPPA???

nimesh.nana

nimesh.nana
Stock Analytic
Stock Analytic
@RPPA wrote:You know tomorow is the day that I am planning to enter only if the situatin is
created by the matket.As my game is different.

so tell us???

RPPA


Expert
Expert
@nimesh.nana wrote:
@RPPA wrote:You know tomorow is the day that I am planning to enter only if the situatin is
created by the matket.As my game is different.

so tell us???

Market will say that. So will see.........

As far i know i haven't hide anything to SLEF. And all i have published.........

So i have not taken any one for a ride? Did I?

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
@RPPA wrote:
@nimesh.nana wrote:
@RPPA wrote:You know tomorow is the day that I am planning to enter only if the situatin is
created by the matket.As my game is different.

so tell us???

Market will say that. So will see.........

As far i know i haven't hide anything to SLEF. And all i have published.........

So i have not taken any one for a ride? Did I?
Dear RPPA, It's means are u going to buy OSEA today?

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@RPPA wrote:You know tomorow is the day that I am planning to enter only if the situatin is
created by the matket.As my game is different.

Question Question Question Question Question

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Very Happy Very Happy Very Happy Very Happy Very Happy

mawanana


Equity Analytic
Equity Analytic
next day hit 30+

epicinvestor

epicinvestor
Senior Equity Analytic
Senior Equity Analytic
@mawanana wrote:next day hit 30+

Very well said..!! Rs. 30 is in the cards for sure. Maybe during this week.

Kinm hunter

Kinm hunter
Manager - Equity Analytics
Manager - Equity Analytics
Shocked How about CSD ? Net asset of that also 28/- Smile

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
I bought some at 28 . GL

goldenboy

goldenboy
Manager - Equity Analytics
Manager - Equity Analytics
As expected OSEA is on the way to 30

GB
B+

mawanana


Equity Analytic
Equity Analytic
30 + 30+++ Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing

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