FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Dipped Products, Haycarb well-positioned to benefit
by MarketWch Today at 11:41 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by Beta1 Today at 10:52 am

» DIPD/HAYC/HAYL
by Mr. X Today at 10:14 am

» GLAS will be winner with Super Gain.
by jason12 Today at 8:38 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Today at 6:48 am

» WIND FORCE WIND
by stockchaser Today at 5:47 am

» What will happen tomorrow?
by madukp Today at 5:23 am

» Growing Fear
by Wickyz Today at 4:01 am

» ALUMEX PLC (ALUM.N0000)
by Bakkabwoi Yesterday at 2:54 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 1:24 pm

» First capital holdings CFVF.N0000
by invest thinker Yesterday at 12:55 pm

» The market is not out to “get” you but is just flowing along, and your position just happens to be carried along with it.
by dayandacool Yesterday at 11:19 am

» විජේදාසගේ... voice cut ප්‍රතිඵල
by reyaz Yesterday at 10:45 am

» KGAL - THE SLEEPING GIANT
by THASSIM Yesterday at 8:51 am

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Tue Apr 20, 2021 7:24 am

» LDEV LDEV LDEV
by Eranga87 Tue Apr 20, 2021 4:57 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Tue Apr 20, 2021 2:12 am

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Mon Apr 19, 2021 2:15 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Mon Apr 19, 2021 12:44 pm

» US dollar trading lower, euro near new high
by target1 Mon Apr 19, 2021 8:08 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Why CSD is an amazing share

Why CSD is an amazing share

Go down  Message [Page 1 of 1]

1Why CSD is an amazing share Empty Why CSD is an amazing share Tue Jul 02, 2013 10:48 am

Humble


Manager - Equity Analytics
Manager - Equity Analytics
This share was on its way up - it moved from 10.50 all the way to 12.50 (within a few days) a few weeks ago. It only came down since the overall market moved down - if the market hadnt moved down, it may have even gone up to 14 since it was gathering momentum.

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.

2Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 11:17 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
JB coco shell? Are they finest investors??? If so why they stick with PCH ??? Must be bought around Rs 5 last qtr now 1.5...

They bought PCH during Sep 2010 nearly 11 rs again got exit around that price when Dr. S started buying 14 mn shares later it went 30... They are day dreamers....



Last edited by Jana1 on Tue Jul 02, 2013 11:48 am; edited 1 time in total

3Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 11:24 am

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
Already moved in...

don't worry it's on radar of many

4Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 11:41 am

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
After you pointed out TWOD it went down around 10%.

5Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 11:49 am

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@Light of Hope wrote:After you pointed out TWOD it went down around 10%.

Excuse me but I never said to buy TWOD! I said 'dont spread rumors and blacken people's name without proof'. If you want to see my stock recommendations, kindly see my post "top 5 shares to buy"

I clearly said "Along with CSD, TJL and NTB, LLUB one of the best shares to buy! Dont buy nonsensical shares - buy solid companies - chances of burning your fingers are less". I also recommended JKH in a previous post.

"Top 5 shares to buy

Thu Jun 27, 2013 2:41 pm by Humble
My personal picks:

AEL
NTB
COMB
CSD
LLUB

Haycarb should also do well given the exchange rate depreciation

Any comments? Check out the Financial Reports!"

6Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 1:23 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The good thing about CSD is they are virtually debt free and it appears that they are distrbuting large portion of their earnings as dividends. So they can improve their earnings in the future, this would become a decent dividend earner. CSD also has a free hold land in union place, I think managment still undecided whether to dispose or develop. If it's a disposal we can expect a exceptional one off dividend as well.

7Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 2:57 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
CSD is OK, only problem is they can't determine the rent amount that Saylan bank has to pay, which is their main income if not the only income.

I believe rent paid by the Saylan Bank is below the market rates. That's may be the reason this share to trade bellow the real value. There is a big mismatch in earnings/share and NAV/share.

I think shareholders of CSD should demand from the management to negotiate a better deal from Saylan Bank.

8Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 3:32 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@hariesha wrote:CSD is OK, only problem is they can't determine the rent amount that Saylan bank has to pay, which is their main income if not the only income.

I believe rent paid by the Saylan Bank is below the market rates. That's may be the reason this share to trade bellow the real value. There is a big mismatch in earnings/share and NAV/share.

I think shareholders of CSD should demand from the management to negotiate a better deal from Saylan Bank.

 You obviously have not seen the top 20 shareholder list Wink 

It's not that valuable since the JKH City Hotel project is not happening over there. Seylan will continue to be the tenant for as long as you live Razz

9Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 4:02 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Yes CSD is an amazing share, excellent location. .

They had huge debt few years ago erasing their income. Now they are free of debt.

Unfortunately this entity is trapped in Seylan bank's cage.
SEYB hold 51 % of CSD and occupying major part of the bldg, they have not increased the the rental for past few years.

Major shareholders of SEYB r SLIC, BRWN, Dr. T. Sen and LOLC.

I think there is a genuine case here and minority shareholders should fight against this unethical practice.  
Even if they stay in it, the rental should be in tally with prevailing rates.

The following table shows how they maintained same rental for  last many years.  

Rental Income for each Quarter.

2006 March 36 million
|
|
2009 March 34  million
2009 June 34 million
2009 Sept 34 million
2009 Dec 36 million
2010 March 35 million
2010 June 34 million
2010 Sept 36 million
2010 Dec 36 million
2011 March 38 million
2011 June 37 million
2011 Sept 37 million
2011 Dec 35 million
2012 March 38 million
2012 June 37 million
2012 Sept 39 million
2012 Dec 40 million
2013 March 38 million

Amazing !  

Source: CSE.lk reports.

Note : I hold about 75k



Last edited by Chinwi on Tue Jul 02, 2013 4:46 pm; edited 1 time in total

10Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 4:45 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The rental should be 400 million .... usually 10% of the asset value in prime city locations .... however 51% shareholder is boss. Director and admin expenses are only 14 m due to bosses orders  Very Happy



Last edited by rainmaker on Tue Jul 02, 2013 4:52 pm; edited 1 time in total

11Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 4:47 pm

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@rainmaker wrote:
@hariesha wrote:CSD is OK, only problem is they can't determine the rent amount that Saylan bank has to pay, which is their main income if not the only income.

I believe rent paid by the Saylan Bank is below the market rates. That's may be the reason this share to trade bellow the real value. There is a big mismatch in earnings/share and NAV/share.

I think shareholders of CSD should demand from the management to negotiate a better deal from Saylan Bank.

 You obviously have not seen the top 20 shareholder list Wink 

It's not that valuable since the JKH City Hotel project is not happening over there. Seylan will continue to be the tenant for as long as you live Razz

That is not their main income - they have apartments

12Why CSD is an amazing share Empty Re: Why CSD is an amazing share Tue Jul 02, 2013 8:03 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
CSD rental income distribution
Yes, they have apartments , raja bojun and offices too.
Why CSD is an amazing share Csd_in10
Annual Report 2012

13Why CSD is an amazing share Empty Re: Why CSD is an amazing share Wed Jul 03, 2013 2:26 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Don't know whether the apartment also rented for Seylan Bank big shots at a cheaper rental:P 

14Why CSD is an amazing share Empty Re: Why CSD is an amazing share Wed Jul 03, 2013 2:46 pm

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@rainmaker wrote:The rental should be 400 million .... usually 10% of the asset value in prime city locations .... however 51% shareholder is boss. Director and admin expenses are only 14 m due to bosses orders  Very Happy

The bank doesnt occupy the entire building! CSD has apartments etc - the bank occupies around 50% of the entire property (CSD has two towers: one is apartments) + CSD has property in Morartuwa and Union Place.

So the property on Galle Road (Seylan Towers) is probably around rs 3.5 billion, 10% of that is rs 350 million.

If the bank occupies 50%, they should pay around Rs 175 million a year - which is what they pay!

15Why CSD is an amazing share Empty Re: Why CSD is an amazing share Wed Jul 03, 2013 6:00 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
hmmmm interesting coverage ....looking at all of this I would say this ideal for the long haul...with CMB developing at amazing pace it will only take Seylan bank relocating and freeing up the building to further enhance the profitability of CSD, if this will happen in the distant future is left to be seen. but they are sitting on a gold mine at the moment as land in these areas in years to come will be extremely valuable. I currently Hold around 20500 shares @ approx 11.10 average cost. lets see where this ends up Smile

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum