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

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

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Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
CFI & CIT will definitely move up along with CFLB. Keep an eye on these two stocks as well.

Happy Trading.

Dr Stock


Co-Admin
According to the interim financial reports of 2013/14
CFLB group is going on a loss of 408 Mn.
company earnings are 99 Mn but 8 Mn less compare to the previous year.
NAV is 43 but less compare to last year.
Financially not impressive.
But anything is possible with a news driven market.
cheers.!

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
How many topics open for this share

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
All the holders want this to go but the decision depends with few hands.I bought CFI yesterday.I'll hold till 120+

NZ BOY


Moderator
Moderator
@Dr Stock wrote:According to the interim financial reports of 2013/14
CFLB group is going on a loss of 408 Mn.
company earnings are 99 Mn but 8 Mn less compare to the previous year.
NAV is 43 but less compare to last year.
Financially not impressive.
But anything is possible with a news driven market.
cheers.!

see last quarter 564 mn profit

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
COLO is doing really well along with a few other companies managed by CFLB...If CFLB goes up CIT and CFI will definitely give you a good ROI....

NZ BOY

NZ BOY
Moderator
Moderator
@Invest_Wisely wrote:COLO is doing really well along with a few other companies managed by CFLB...If CFLB goes up CIT and CFI will definitely give you a good ROI....

CFLB Group

LCEY,COLO,YORK,LDEV,CIT,CFI,MARA is attractive current price

Dr Stock

Dr Stock
Co-Admin
Last Quarter profit ??? How Come ?

According to the financial 1st quarter report 30/6/2014,
profit for the period is (212.8 Mn)
EPS is (0.74 ) negative values.
Cash Flow is also negative (168 Mn).


564 mn ? No way !

http://www.cse.lk/cmt/upload_report_file/504_1408094844403.pdf



Last edited by Dr Stock on Sat Sep 06, 2014 11:14 pm; edited 1 time in total

Dr Stock

Dr Stock
Co-Admin
Though CFLB do not have impressive financials,
technically its trending.
Just MA 5 crossed MA 20.
RSI gradually picking up.
Trend is the friend !

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@Dr Stock wrote:Though CFLB do not have impressive financials,
technically its trending.
Just MA 5 crossed MA 20.
RSI gradually picking up.
Trend is the friend !
I know that CFLB has many fans, but I am not one of them. When the company shows signs of getting back to profitability, I might change my mind... Until then, I think it would be safer to identify shares that are trending technically and have impressive financials.

Eng Krishantha

Eng Krishantha
Expert
Expert
keep an eye on CLND..
Now 39....

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
comparatively a good share

Eng Krishantha

Eng Krishantha
Expert
Expert
Very Happy Very Happy Very Happy

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CM Holding Dividend is 3/= rs. CFLB is Holding 9.5 million shares of COLO . So they will get around 28 million as the COLO Divi. CFLB has 157 million shares. So they ll Earn 17 cents (0.17 rs.) per share.

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
My Investing strategy is a bit different, I prefer to buy good counters when their earnings have been depressed reason being the share price will also be down...In my opinion CFLB will do really well in the future may be not right now so based on that I am buying CFI and CIT...

Current Trading prices

CFI: 93
CIT 110

I am more bullish on CIT...

Happy Trading....

windi5

windi5
Moderator
Moderator
All depend on coming quarter results, if its green this will be another Kapi.

Dr Stock

Dr Stock
Co-Admin
According to charts, seems like CLND has formed a double top
( M top ) and going down.
But gradually number of trading volumes increasing.
In current market conditions nothing is valid ( technical or fundamental), its driven by tips. !

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CFLB warming up.. Volumes increasing day by day.. Very Happy

As someone pointed out CFLB will get Rs.28 million as dividend from COLO. If they increased the stake of COLO this quarter CFLB may have in huge unrealized profit from COLO capital gain..

My target this time is Rs. 38+

Dr Stock

Dr Stock
Co-Admin
CFLB trying to break its resistance at Rs 34.
If it break ( definately will) Rs 34,
Next target is Rs 40.
very soon it will jump !

cse_investor1


Equity Analytic
Equity Analytic
@ Invest_Wisely I bought CFI as per your recommendation at 90 :-)

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Dr Stock wrote:CFLB trying to break its resistance at Rs 34.
If it break ( definately will) Rs 34,
Next target is Rs 40.
very soon it will jump !

Effortlessly broken Rs 34 resistance cheers cheers

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Movement of COLO also will affect CFLB price. NAV more than 42, this should trade above 50....

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics
Movement of CFLB also will affect CFI & CIT knowing the group structure is very important when investing....

Dr Stock

Dr Stock
Co-Admin
Tried to break Rs 34 resistance today.
For a moment i thought it did.
Steaming up ..... Surprised Surprised Surprised

85THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) - Page 3 Empty CFLB- Is it a stable company? Fri Oct 24, 2014 4:17 pm

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
I was looking at CFLB.N shares and thought it's a good company. But I can't see any interest here about it. It will be great if any expert can give some ideas about CFLB situation .

Do they have any subsidiaries ?

RPPA


Expert
Expert
@omegaplus wrote:I was looking at CFLB.N shares and thought it's a good company. But I can't see any interest here about it. It will be great if any expert can give some ideas about CFLB situation .

Do they have any subsidiaries ?

Oh my friend it seems you don't know any thing of CFLB. The following listed stocks are subsidiaries of CFLB directly or indirectly.

LCEY,EBCR,LITE,LDEV,KOTA,MULL,MARA,COLO,SIGV,CIT,CFI,YORK,CWM,BERU

I may have missed one or two. But currently CFLB as a whole making losses. Hopefully this quarter will be better.

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
@RPPA wrote:
@omegaplus wrote:I was looking at CFLB.N shares and thought it's a good company. But I can't see any interest here about it. It will be great if any expert can give some ideas about CFLB situation .

Do they have any subsidiaries ?

Oh my friend it seems you don't know any thing of CFLB. The following listed stocks are subsidiaries of CFLB directly or indirectly.

LCEY,EBCR,LITE,LDEV,KOTA,MULL,MARA,COLO,SIGV,CIT,CFI,YORK,CWM

I may have missed one or two. But currently CFLB as a whole making losses. Hopefully this quarter will be better.

Thank you v much..I know I did't follow CSE till last few months..Just wanted to see if any reason they not doing well...So seems like thats the reason CFLB.N not going up, because of losses. :-(

AAABoy

AAABoy
Moderator
Moderator
It is a good holding company, Take a look at their subsidiaries

C.W. Mackie PLC - 34.62%
Muller and Phipps (Ceylon) PLC - 30.72%
Marawila Resorts PLC - 33.78%
Sigiriya Village Hotels PLC - 41.00 %
Creasy Plantation Management Limited - 24.55%
Laxapana Batteries PLC - 30.90%
Lankem Plantation Services Limited - 36.24%
Agarapatana Plantations Limited - 39.45%
B.O.T Hotel Services (Private) Limited - 48.57%
Beruwala Resorts PLC - 48.57%
York Arcade Holdings PLC - 49.84%

Above companies holds major stakes in following companies

Agrapatana Plantations Limited
Beruwala Resorts PLC
C.W. Mackie PLC and Subsidiaries
Galle Fort Hotel (Private) Limited
Kotagala Plantations PLC
Lankem Developments PLC
Lankem Research Limited
Lankem Tea & Rubber
Plantations (Private) Limited
Marawila Resorts PLC
Sigiriya Village Hotels PLC

So its a well diversified good holding company but there are some reasons to hold it at low prices

- Extreme drought and very heavy rainfall had a direct impact on the profitability of Plantation companies
- The decline in price of natural rubber has also impacted profitability.
- NAV is just Rs. 13/-
- June ended quarterly reports shows a loss of Rs. 10Mn.

According to my knowledge this price is too high to purchase but it has a strength with good portfolio to overcome this situation, Mainly that will depend on how this management do well for the business. So just be watchful it can go either way. May your decision goes right !! Very Happy


_________________




"The stock market is filled with individuals who know the price of everything, but the value of nothing."        
-Phillip Fisher-  
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omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
@AAABoy wrote:It is a good holding company, Take a look at their subsidiaries

C.W. Mackie PLC                               - 34.62%
Muller and Phipps (Ceylon) PLC            - 30.72%
Marawila Resorts PLC                         - 33.78%
Sigiriya Village Hotels PLC                   - 41.00 %
Creasy Plantation Management Limited  - 24.55%
Laxapana Batteries PLC                      - 30.90%
Lankem Plantation Services Limited       - 36.24%
Agarapatana Plantations Limited           - 39.45%
B.O.T Hotel Services (Private) Limited   - 48.57%
Beruwala Resorts PLC                         - 48.57%
York Arcade Holdings PLC                    - 49.84%

Above companies holds major stakes in following companies

Agrapatana Plantations Limited
Beruwala Resorts PLC
C.W. Mackie PLC and Subsidiaries
Galle Fort Hotel (Private) Limited
Kotagala Plantations PLC
Lankem Developments PLC
Lankem Research Limited
Lankem Tea & Rubber
Plantations (Private) Limited
Marawila Resorts PLC
Sigiriya Village Hotels PLC

So its a well diversified good holding company but there are some reasons to hold it at low prices

- Extreme drought and very heavy rainfall had a direct impact on the profitability of Plantation  companies
- The decline in price of natural rubber has also impacted profitability.
- NAV is just Rs. 13/-
- June ended quarterly reports shows a loss of Rs. 10Mn.

According to my knowledge this price is too high to purchase but it has a strength with good portfolio to overcome this situation, Mainly that will depend on how this management do well for the business. So just be watchful it can go either way. May your decision goes right !! Very Happy  

Thank you very much for details / info.. Now I know I should do bit more research before I buy a share Embarassed

RPPA


Expert
Expert
AAABoy

Good analysis man.

Once i got registered after one week someone criticised me saying i am you.

But you have came back & i am also in. So fantastic.

How ever it is he will understand the truth.

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