The NAV of this share is 28! It has seen a growth in NA during the last year. And lets not forget that land prices in that area (Towers) has gone up considerably (In areas like Colombo 2-7, land prices have gone up by 25% over the last few months) so once they revalue their assets, it could be worth around 30. A 30 ruppee share that is making decent profits trading at 10.70!!! One of the best shares out there! People are put off by the Seylan name but it has new management and shareholders so who cares about a silly name! Btw guess who two of the biggest shareholders of the company other than the bank? JB Cocoshell and Mr Dhammika Perera. Those two are two of the best investors around. They wouldnt have got into it if they didnt think it was a good share. You have nothing to worry about with this share, my friends. This is the time I would move in.
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