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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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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


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 11 Cflb110
THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 11 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 11 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

SANJAYANM


Senior Equity Analytic
Senior Equity Analytic
THERE WAS SOME MOMENTUM TODAY.
BETTER HOLD AND SEE.
I THINK IT'S WORTH BUYING BELOW 12.50

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
@cseguide wrote: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

Today we saw new energy with CFLB. Very few days for next financial statment. Keep in touch. Today trading pattern very positive.Very Happy

Kipling and judecroos like this post

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
cflb have recorded losses in last quaters.can we expect a positive thing in coming quaters?🤔

judecroos


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@hiransilva23 wrote:cflb have recorded losses in last quaters.can we expect a positive thing in coming quaters?🤔
It should be positive because CFLB is a  diversified company.

hiransilva23 likes this post

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@judecroos wrote:
@hiransilva23 wrote:cflb have recorded losses in last quaters.can we expect a positive thing in coming quaters?🤔
It should be positive because CFLB is a  diversified company.
Anyway this can move fast like last time,but if there is good reson journey will strong.

judecroos likes this post

100Bill

100Bill
Senior Equity Analytic
Senior Equity Analytic

11.60 LKR 100000 shares today, good collection going on these days.. keep eye....

Cheers...........

Chithi, Kipling, RJ1010 and judecroos like this post

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