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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Shares trading below the net asset value

Shares trading below the net asset value

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1Shares trading below the net asset value Empty Shares trading below the net asset value Tue Jul 05, 2011 9:18 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hello Investors,

I have noticed there are few shares trading below the net asset value.? Why is this. It seems to be good counters

early


Manager - Equity Analytics
Manager - Equity Analytics
FLCH comes to my mind. Can you name the others that you know?............

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
There are many reasons for this. EG: Some plantation companies do not make profits but time to time they enhance their book value of the asseta ccording to the valuations which is also not wrong. Because of the increase of asests value, with the capital gain Equity value also goes up. Then naturaly NAV is also going up. But price of the share will not be increased since performance is not good. Some companies which own Commercial properties too may not attractive due to lower turnover and lesser profit. But with present valuation they enjoy a big capital gain and thereby enhance the equity value recording a higher NAV.

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
NAVF CINV GUAR , I am not so sure about RICH.

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
RICH after subdivision , figures need to be adjusted I suppose.



Last edited by ShareShares on Tue Jul 05, 2011 9:48 pm; edited 1 time in total

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CTLD

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
FLCH, CTLD, TWOD, OSEA, LIOC, BALA, MADU, KURU. In certain companies thier net asset value is hidden. Ex: RENU, CABO, CFI, CIT

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CHOT, SEYB.X

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
KHC, TANG, OFEQ
CSD (I think)

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
SHAW

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@Monster wrote:FLCH, CTLD, TWOD, OSEA, LIOC, BALA, MADU, KURU. In certain companies thier net asset value is hidden. Ex: RENU, CABO, CFI, CIT
Nice list, Monster - All my favorites are featured here. At current prices, which one of these would you recommend?
General caution on below-NAV shares: There may be reasons why they are trading below NAV. Ensure that the company is making profits; check whether they could have overstated the values of some assets; ensure that their operating cash flows are positive...

Marketinvest

Marketinvest
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
What about the namal fund

ashlee


Manager - Equity Analytics
Manager - Equity Analytics
LPRT

glwking

glwking
Manager - Equity Analytics
Manager - Equity Analytics
BBH

aladdin

aladdin
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
be careful when u just think about NAVP because in some counters it wont reflect the true value of a share price. So it is risky if u take ur decision based on this only.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Antonym wrote:
@Monster wrote:FLCH, CTLD, TWOD, OSEA, LIOC, BALA, MADU, KURU. In certain companies thier net asset value is hidden. Ex: RENU, CABO, CFI, CIT
Nice list, Monster - All my favorites are featured here. At current prices, which one of these would you recommend?
General caution on below-NAV shares: There may be reasons why they are trading below NAV. Ensure that the company is making profits; check whether they could have overstated the values of some assets; ensure that their operating cash flows are positive...

Good point Antonym.. With TWOD and some other plantations trade below their NAV due to the risks those are exposed to.. TWOD is biological assets - lands with trees, if trees dont get matured in time or any crisis happens thats gonna hinder the profits for sometime. Similarly rains, bad weather are risks for tea plantations.. So they ought to be traded at a discount..

CLTD, OSEA is abt real estate - land values are in a rising trend due to developments.. A land u purchase 8 months a go values more than 3-4 times now if its on a exposed area to the new highways or otherdevelopment areas.. If a revaluation done the share prices may hit high for these.. But its unlikely these companies sell their assets Wink so its a figurative value..

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
So I assume FLCH, CHOT , SEYB.X ,NAVF is a good option.

Anyone like to comment more deeply baout SEYB.Xand CHOT

vegasbabay

vegasbabay
Equity Analytic
Equity Analytic
When you say NAV per share, you mean book value. is it?

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think LOLC should go to the list.

ranesh


Stock Trader
price of NAVF = 0.69% of Net Asset Value
price of LDEV = 0.75% of Net Asset Value

these two shares have the largest discount.

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