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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)

THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)

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judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Kipling wrote:Jude 
Remember Cflb attraction only small part explained by Colo. though it a good part.
Won't you recommend this counter is a good one? Most of our forum members recommended CFLB as a good counter. If you have more information please be kind enough to share with us too. Very Happy

Kipling


Expert
Expert
Check The Equity Check forum. Good coverage. I get information from there.

dayandacool


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
For those who hold on to CFLB, check the disposal of shares by Rajaratnams

https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=6522&type=DEALINGS%20BY%20DIRECTORS


Wonder whats cooking in his mind when half of the CSE is waiting till this counter clears 15 rs. Very Happy Very Happy Very Happy

kadik, Kipling and judecroos like this post

Kipling


Expert
Expert
DC. 
I have been told same games in 2010 before major move. This is peanut quantity for Rajaratnams.

judecroos likes this post

Kipling


Expert
Expert
Best period of Cflb under Senathirajah. His brother AR time at the helm marked a dark period. SDRA in the mold of S.R. See the bold decisions like Kia disposal.

Kipling


Expert
Expert
Kadik 
You have been here from 2011. You must recall the Cflb story. Your take?

dayandacool

dayandacool
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ Kipling, I get what you are saying.290,000 shares in total might be a very limited quantity. But the sheer timing baffles me.. Rolling Eyes Rolling Eyes Rolling Eyes

Kipling


Expert
Expert
Yes absolutely. However I know a few things about that Family. Let’s just say SDRA taking over great. See how lite mull colo turned around. He is also a big investor in cse. So he appreciates good governance transparency dividends professional management & capital gains for minority shareholders.

dayandacool and judecroos like this post

vikey


Manager - Equity Analytics
Manager - Equity Analytics
🤨🤨🤨🤨

kanishkaecomm

kanishkaecomm
Senior Equity Analytic
Senior Equity Analytic
THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 10 Screen10[url=https://servimg.com/view/20264002/1]THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 10 Screen10[/url]

judecroos likes this post

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Than you for the detailed information. What do you think of the CFLB price next week ? 
As I aware this can move up to 18 level  before mid OCTOBER .  Can you give us a predicted price for next week ?? Smile Smile

192THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 10 Empty Why i am saying CFLB is a hidden gem Sat Oct 03, 2020 9:49 am

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
Why i am saying CFLB is a hidden gem
·         40 billion turnover company
·         They have about 40 subsidiaries belong to CFLB
·         It's land bank in heart of Colombo
·         investment in Quoted  and  non Quoted Companies
 
2019
"High-interest rates, high taxes, subdued demand as a result of low consumer spending, and weak commodity prices have all had an impact on the performance of the Group." Chairman saying in 2019 Annual report.
2020
But in this year.(2020) Interest rate reduced to all time low.
·         interest expenses  will reduce sharply resulting higher profit in this year
·         Vat reduced and consumer spending recovering higher income from all sectors.
 
In 2019
" The steep decline in tea prices witnessed at the Colombo Auction as well as continued weakness in the global
the market for Natural Rubber has seen both the Group’s Plantation companies run at a significant loss."
In 2020
Good Tea and Rubber prices both have a greater impact on their plantation losses to reduce and come to come profitability
 
 
They have about 40 subsidiaries belong to CFLB (page 83 of annual report 2019) Some had greater run recently reflecting their share price to increase due to either reducing their losses or recording healthy profits
I am only  giving few of them here.
Subsidiary Effective holding by CFLB2019 march price 2020 oct. 2 pricePRICE CHANGE %
CWM38%3645.0025%
KOTA61%58.1062%
LDEV47.3%2.25.60154%
LITE31%917.1090%
COLO65%5080.0060%
YORK50%60110.0083%
MARA 1.202.3091%
Average growth %80%
 
 2019 march price 2020 oct. 2 pricePRICE CHANGE %
CFLBRs 9.50Rs 13.9046
 
Comparing the above figure we can clearly see that the price increase of its subsidiaries are not reflected in CFLB share price. some of its subsidiaries have increased there prices over 80% ( LDEV 154%, LITE 90%). Therefore we can see that CFLB share price has a clear upward revision to come to its fair value. Not only that subsidiaries like COLO are still greatly undervalued compare to their peers like CINV and GUAR.
 
Sunquick Lanka (Private) Limited
C.W. Makie PLC has a 49% interest in Sunquick Lanka (Private) Limited, a joint  venture formed for the purpose of manufacturing, processing, and marketing Co-Ro’s products in the form of concentrates and ready to drink (RTD) products marketed under the’Sunquick’ brand.
 
NAV of CFLB 22.73 (on June 2020). Is a 40 billion turnover company and just trading its shares for 13.90 Rs.  compare to 2-3 billion some companies trading their shares in similar range. In addition to all these, it has a great company to cope with the current agriculture-related businesses. It is LANKEM CEYLON PLC. it has considerable share in agric product segments like agrochemicals and plantations.
Other two strength of this company include its land bank in the heart of Colombo and suburbs and the investment portfolio of quoted and non quoted companies.  page 77- page 99 of Annual report 2019)
some of its well-known brands
KOTAGALA
LANKEM
LAXAPANA
SUNQUICK
AGARAPATHANA
C.W. MACKIE
YORK ARCADE
E.B. CREASY & COMPANY PLC

Chithi, Kipling, sapumal 123 and judecroos like this post

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
Investment in quoted companies by CFLB just a few I cannot give all here
Banks, Finance & Insurance
 
Quoted Investments
Banks and finance
(just a sample for all refer 2019 Annual report)
 
Commercial Bank of Ceylon PLC-Voting 989,327
Commercial Bank of Ceylon PLC-Non-Voting 111,867
Hatton National Bank PLC-Voting 301,729
HNB Assurance PLC 100,000
HDFC 105,802
LOLC Holdings PLC 394,000
Lanka Ventures PLC 339,700
Pan Asia Banking Corporation PLC 467,100
Sampath Bank PLC 116,626
Seylan Bank PLC-Non-Voting 288,321
Union Bank of Colombo PLC 384,100
 
Beverages, Food & Tobacco
(just a sample for all refer 2019 Annual report)
 
Cargills (Ceylon) PLC 146,057
Ceylon Cold Stores PLC 9,320
Renuka Agri Foods PLC 91,560
Renuka Foods PLC - Voting 223,770
Three Acre Farms PLC 25,000
Nestle Lanka PLC 4,700
 
Diversified Holdings
(just a sample for all refer 2019 Annual report)
 
Browns Investments PLC 706,000
Dunamis Capital PLC 60,875
Hayleys PLC 100,016
Hemas Holdings PLC 21,653
John Keells Holdings PLC 69,137
Vallibel One PLC 104,000
(just a sample for all refer 2019 Annual report)

judecroos likes this post

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@cseguide wrote:Investment in quoted companies by CFLB just a few I cannot give all here
Banks, Finance & Insurance
 
Quoted Investments
Banks and finance
(just a sample for all refer 2019 Annual report)
 
Commercial Bank of Ceylon PLC-Voting 989,327
Commercial Bank of Ceylon PLC-Non-Voting 111,867
Hatton National Bank PLC-Voting 301,729
HNB Assurance PLC 100,000
HDFC 105,802
LOLC Holdings PLC 394,000
Lanka Ventures PLC 339,700
Pan Asia Banking Corporation PLC 467,100
Sampath Bank PLC 116,626
Seylan Bank PLC-Non-Voting 288,321
Union Bank of Colombo PLC 384,100
 
Beverages, Food & Tobacco
(just a sample for all refer 2019 Annual report)
 
Cargills (Ceylon) PLC 146,057
Ceylon Cold Stores PLC 9,320
Renuka Agri Foods PLC 91,560
Renuka Foods PLC - Voting 223,770
Three Acre Farms PLC 25,000
Nestle Lanka PLC 4,700
 
Diversified Holdings
(just a sample for all refer 2019 Annual report)
 
Browns Investments PLC 706,000
Dunamis Capital PLC 60,875
Hayleys PLC 100,016
Hemas Holdings PLC 21,653
John Keells Holdings PLC 69,137
Vallibel One PLC 104,000
(just a sample for all refer 2019 Annual report)
Yes I know this is a real HIDDEN GEM. I say to all do not sell @ current price range Before mid October this should reach 16+ level. GL Smile Smile

Kipling


Expert
Expert
JC
I read the Posts of WS & BB & PAT on TEC.  They say cflb is not a trading share in this market. I feel so sad for those who sell @ 16. They should do a thorough analysis & get the real value. All I can say is even @ 50 it represents “ kunu kolleta deema “.

judecroos likes this post

gosrilanka


Equity Analytic
Equity Analytic
Dear Friends
I have a collection of CFLB 35,000 nos of shares which I have bought in last month. Most of guys are in promising of a boost with this share in coming days.
 But I need to clarify this, 
If I'm not mistaken, considerable no of shares have been sold at 12.50 - 14.90 by directors or Related party after August. What's the logic behind this? If Directors have a trust of a price appreciation why they sold? Yesterday also seen a price drop.

Is it  better to sell or hold ???
Appreciate all your honest ideas or any confirmed background information if you have.. Thanks

Nuwancha, judecroos and KingMaker2020 like this post

Kipling


Expert
Expert
Hi gosrilanka 
Please log into The Equity Check & check cflb thread. Cseguide also gives the best analysis

judecroos likes this post

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Kipling wrote:Hi gosrilanka 
Please log into The Equity Check & check cflb thread. Cseguide also gives the best analysis
Kipling I am sharing with you all the findings of BB in Equity check.
Originally posted by BB View Post
i will focus for now on nav valuation.
Nav as per QR June is 23. Investment Properties as per VALUE estimate adds 22 (5,000/225). If we assume share portfolio doubles that adds further 5(1200/225). Revised nav 50. Assume pbv of 1.5. So the potential is clear especially as earnings recovery will keep adding to nav & group Investment Properties (Alchemist - 206p on Union Place should be valued at more than 15mn/perch) & Equity PF can post bigger gains.

This is perfect BB. We all encouraged by your findings. I think we all can move ahead with this counter now. Here on wards the journey is easy and comfortable.
So I think this is useful for us to do analysis. GL 

Kipling likes this post

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
@judecroos wrote:
@Kipling wrote:Hi gosrilanka 
Please log into The Equity Check & check cflb thread. Cseguide also gives the best analysis
Kipling I am sharing with you all the findings of BB in Equity check.
Originally posted by BB View Post
i will focus for now on nav valuation.
Nav as per QR June is 23. Investment Properties as per VALUE estimate adds 22 (5,000/225). If we assume share portfolio doubles that adds further 5(1200/225). Revised nav 50. Assume pbv of 1.5. So the potential is clear especially as earnings recovery will keep adding to nav & group Investment Properties (Alchemist - 206p on Union Place should be valued at more than 15mn/perch) & Equity PF can post bigger gains.

This is perfect BB. We all encouraged by your findings. I think we all can move ahead with this counter now. Here on wards the journey is easy and comfortable.
So I think this is useful for us to do analysis. GL 
yes, I appreciate BB's findings in this regard. Regarding directors selling. The last selling was on Oct 2 before the corona dip when the price appreciates he has sold small quantity. I don't know his intention may be personal.nothing to worry I think. But when the reports out in comming days we can see the finacial progress of CFLB.

Kipling and judecroos like this post

KingMaker2020


Equity Analytic
Equity Analytic
This share keeps fluctuating but does not pass above 13..
Sell or hold?

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
One of directors was dealing his shares as usual from the history. 😀

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@KingMaker2020 wrote:This share keeps fluctuating but does not pass above 13..
Sell or hold?

Let the directors finish playing their games. What price did you enter? Assuming you entered at 13..... average if price falls to 10.50... this happened several times over last few weeks. If you can then hold this for 1yr price will be going up towards 17 as per the technicals and fundamentals. You can see this is a comprehensive post put on TEC forum and linked in a post above. Don’t be in a hurry to sell at a loss. I hold 20k shares bought at 13.

DamithAsian and KingMaker2020 like this post

Kipling


Expert
Expert
RJ
As you said read cseguide & on TEC WS & BB. Just think should a diversified nearly 40BN TO group with a huge consumer segment & the huge drag of plantations (now become rocket) have market capitalization of 4.5 Bn even at price of 20. Think dear friend. CWM last Q net up 78%.

RJ1010 likes this post

dayandacool

dayandacool
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This Scenario is still Valid Very Happy Very Happy

THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 10 Cflb110
THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 10 Cflb3310


See the Key levels 15,17,18 and 20.

This isn't a trading share in my Opinion. It's best to hold for the MT to LT.

RJ1010 and SANJAYANM like this post

205THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 10 Empty Insightful, thank you! Tue Nov 03, 2020 3:56 pm

KingMaker2020


Equity Analytic
Equity Analytic
@RJ1010 wrote:
@KingMaker2020 wrote:This share keeps fluctuating but does not pass above 13..
Sell or hold?

Let the directors finish playing their games. What price did you enter? Assuming you entered at 13..... average if price falls to 10.50... this happened several times over last few weeks. If you can then hold this for 1yr price will be going up towards 17 as per the technicals and fundamentals. You can see this is a comprehensive post put on TEC forum and linked in a post above. Don’t be in a hurry to sell at a loss. I hold 20k shares bought at 13.
I entered at 13 too... I don't intend to trade this share but hold and from the looks of it, this is what I will do. Thank you for the clarity!

SANJAYANM likes this post

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