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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CSD - The hidden gem

CSD - The hidden gem

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1CSD - The hidden gem Empty CSD - The hidden gem Tue Jul 23, 2013 10:17 am

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
My reasons for selecting CSD as one of the best shares in the CSE:

- Debt-Equity ratio is an excellent 0.1%

- An outstanding Price to Book value of 0.34

- A 50+ perch land at Union Place to be included in CSD’s portfolio and the construction of a 10 storey office complex on said land

- Additions: CSD is hoping to come up with extra value additions to their existing Seylan Tower premises

- Income increase: Rentals expected to go up after refurbishments

- Electricity cost reduction program: CSD has tied up with Access Solar Systems for bringing up innovative solar energy system in order to reduce electricity consumption of Seylan Towers by approx 30%.

- Absolutely no connection to the former regime - Kotelawala etc have nothing to do with this company - new shareholders and directors.

- 2 largest shareholders (other than the Bank) are JB Cocoshell and Dhammika Perera: two intelligent investors.

All Time High: 23.90
Current Price: Rs 10 (with a NAV of almost 29 - under-valued)
Target Price within 12 months*: Rs 14 (40% growth)

Disclaimer: please do your own research before making a decision. I am only stating my opinion. Dont let people tell you what to buy/sell - do your own analysis. I am not giving advice or making a recommendation - just stating my personal opinion based on facts. Thank You.

*Given that market conditions remain stable

2CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 12:42 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I like the last point. 02 Intellingent investors

3CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 12:44 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

4CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 1:19 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
DP ?? really.



Last edited by rainmaker on Wed Jul 24, 2013 9:18 am; edited 1 time in total

5CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 1:34 pm

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Balanced_Views wrote:
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

Last week very intelligent investor Dr.Senthilverl collected PCH, so according to this theory people should collect PCH now.

6CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 2:08 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Balanced_Views wrote:
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

Ohh.. You mean PC house???

7CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 2:29 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jana1 wrote:
@Balanced_Views wrote:
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

Ohh.. You mean PC house???

JB Cocoshell has billions and billions of ruppees in the market and exposed a tiny portion of their portfolio to PCH as a courtesy since they probably thought IPO's did well - and now everyone thinks that it was some major investment they made and judge them by that!

It wasnt even 1% of their portfolio and for every bad decision you claim they made, I can show 100 good ones!

This is like calling Sangakkara a horrible batsman cos he gets out once for 5 runs!

8CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 2:37 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@malanp wrote:
@Balanced_Views wrote:
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

Last week very intelligent investor Dr.Senthilverl collected PCH, so according to this theory people should collect PCH now.


Dr may be doing a classic case of asset stripping. To buy over a company that is performing poorly, shut it down and sell all of its assets. Have you seen the value of the property, plant and equipment in their last quarter balance sheet? Rs 1 billion. Total assets at Rs 4 billion and liabilities only 3 billion or so. Market capitalization (given that its Rs 1.40 a share) = Rs 350 million.

So basically Net Assets = Rs 1 billion
PBV = 0.34

Buy the company, stop the company to prevent further losses from eroding into net assets - and then sell all the assets! Big profit. Sorted.

Im not sure if that is the plan, but if it is: its good for the Dr

But I wouldnt recommend anyone to buy PCH

9CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 4:27 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Balanced_Views wrote:
@malanp wrote:
@Balanced_Views wrote:
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

Last week very intelligent investor Dr.Senthilverl collected PCH, so according to this theory people should collect PCH now.


Dr may be doing a classic case of asset stripping. To buy over a company that is performing poorly, shut it down and sell all of its assets. Have you seen the value of the property, plant and equipment in their last quarter balance sheet? Rs 1 billion. Total assets at Rs 4 billion and liabilities only 3 billion or so. Market capitalization (given that its Rs 1.40 a share) = Rs 350 million.

So basically Net Assets = Rs 1 billion
PBV = 0.34

Buy the company, stop the company to prevent further losses from eroding into net assets - and then sell all the assets! Big profit. Sorted.

Im not sure if that is the plan, but if it is: its good for the Dr

But I wouldnt recommend anyone to buy PCH

Sumthng interesting... Assest stripping he never did, even though he does, Do u think 10% holding is enough and institutional funding like EPF will allow???

I reckon u to take inventory off as it may be obsoleted...Den calculate

10CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 5:19 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jana1 wrote:
@Balanced_Views wrote:
@malanp wrote:
@Balanced_Views wrote:
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

Yes its very important see what sort of investors get into a share - For example, JB Cocoshell normally collects good shares with good fundamentals.

Last week very intelligent investor Dr.Senthilverl collected PCH, so according to this theory people should collect PCH now.


Dr may be doing a classic case of asset stripping. To buy over a company that is performing poorly, shut it down and sell all of its assets. Have you seen the value of the property, plant and equipment in their last quarter balance sheet? Rs 1 billion. Total assets at Rs 4 billion and liabilities only 3 billion or so. Market capitalization (given that its Rs 1.40 a share) = Rs 350 million.

So basically Net Assets = Rs 1 billion
PBV = 0.34

Buy the company, stop the company to prevent further losses from eroding into net assets - and then sell all the assets! Big profit. Sorted.

Im not sure if that is the plan, but if it is: its good for the Dr

But I wouldnt recommend anyone to buy PCH

Sumthng interesting... Assest stripping he never did, even though he does, Do u think 10% holding is enough and institutional funding like EPF will allow???

I reckon u to take inventory off as it may be obsoleted...Den calculate

I have taken inventory off :)Ive only counted Property etc - check the Q Report on CSE website please

Yeah 10% is insufficient but he might buy more or have an agreement that they will dissolve

11CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 7:18 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Hawk Eye wrote:I like the last point. 02 Intellingent investors

There are many other excellent reasons to invest as well - the best share in my opinion!

12CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 8:31 pm

stocks hunter


Manager - Equity Analytics
Manager - Equity Analytics
Be careful. major portion of this hidden gem is with Capital trust a/c s. at any time they will unload these for u.

13CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 8:38 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@stocks hunter wrote:Be careful. major portion of this hidden gem is with Capital trust a/c s. at any time they will unload these for u.

You hit the nail. Million time correct.

14CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 8:47 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@stocks hunter wrote:Be careful. major portion of this hidden gem is with Capital trust a/c s. at any time they will unload these for u.

Not true - most shareholders are long term anyway

I have stated facts - not rumors and baseless comments

15CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 9:03 pm

econ

econ
Global Moderator
csd may be hidden gem but no one seem to interest it for long time now. that is the problem. one time it went up to 19 but came back to 10.

16CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 10:21 pm

stockup&down


Senior Equity Analytic
Senior Equity Analytic
@Redbulls wrote:
@stocks hunter wrote:Be careful. major portion of this hidden gem is with Capital trust a/c s. at any time they will unload these for u.

You hit the nail. Million time correct.


Shocked 

17CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 10:58 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@econ wrote:csd may be hidden gem but no one seem to interest it for long time now. that is the problem. one time it went up to 19 but came back to 10.

CSD can become a real gem if They can kick off the SEYB from the tower and instead set up a Casino Razz 

18CSD - The hidden gem Empty Re: CSD - The hidden gem Tue Jul 23, 2013 11:31 pm

dudi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
casinos everywhere. wow,Colombo will look like Lasvegas

19CSD - The hidden gem Empty Re: CSD - The hidden gem Wed Jul 24, 2013 7:59 am

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@WildBear wrote:
@econ wrote:csd may be hidden gem but no one seem to interest it for long time now. that is the problem. one time it went up to 19 but came back to 10.

CSD can become a real gem if They can kick off the SEYB from the tower and instead set up a Casino Razz 

Well turnover WoW is relatively high these days - I think it'll reach 14 soon - technicals support this

20CSD - The hidden gem Empty Re: CSD - The hidden gem Wed Jul 24, 2013 8:04 am

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
stockup&down wrote:
@Redbulls wrote:
@stocks hunter wrote:Be careful. major portion of this hidden gem is with Capital trust a/c s. at any time they will unload these for u.

You hit the nail. Million time correct.


Shocked 

If you want to believe speculative nonsense which is based on silly lies, you can listen to certain people. If you want to believe opinion based on facts (which I believe is what this brilliant forum is all about) you can listen to people who give such opinions.

Do your own research. Capital Trust doesnt have the majority of this - its held with Seylan, JB Coco (who trade through JB) and Dhammika Perera (who is a long term investor) and I think the 4th largest is held by another fund management company - they wont unload it in a irresponsible manner. I hear that LSL collects quantities of this for its clients and its well known in the market that its highly under-valued. People are holding on to see it go up.

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