Undervalued Shares in the Property Sector

lankasecguru · 1 Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:08 pm

lankasecguru

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CTLAND Price 33.00 Net Asset Value 43.54
CSD Price 17.60 Net Asset Value 23.78
OSEA Price 16.60 Net Asset Value 20.53
Touchwood Price22 Net Asset Value 39.92

these are awesome buys Very Happy

sapumal · 2 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:18 pm

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@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys

where did you pick the CSD NAV ?

Antonym · 3 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:22 pm

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Small correction on C T Land -
Price = Rs 32.10
Net Asset Value = Rs 46.01 (30th June 2011)
Discount to NAV = 30.2%

Genting · 4 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:49 pm

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@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys

CSD Net Asset Value 29.65
CTLD Net Asset Value 46.01
TWOD Net Asset Value 50.67

Please get your figures correct

PriyanDV · 5 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:53 pm

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CSD
Net Asset Value = Rs 29.65 (30th June 2011)

salt · 6 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 4:21 pm

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@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys

How came Touchwood there?
Yatin gahann neda heduwe?

Think9 · 7 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 4:39 pm

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I personally dont think property sector wont boom for long like how plantation sector rally did in Jan/Feb 2011.

EAST basically goes up for the reason of the positive feedback of the $ 18 million worth resort deal with Marriott. i guess the share is tryin to stag in a new level before the newly added asset value bring the B/S strong.

And CSD s financially strong share which should relax on 25 levels. Probably thats also tryin to achieve that levels.

nkuda · 8 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 5:31 pm

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@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54
CSD Price 17.60 Net Asset Value 23.78
OSEA Price 16.60 Net Asset Value 20.53
Touchwood Price22 Net Asset Value 39.92

these are awesome buys

Can we consider the higher Net Asset Value of real estate oriented companies, Because theire main business is Land Sales which is more value asset., I'm asking I too don't know it ?

player · 9 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 6:11 pm

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there is no rule that a share should trade below or high of NAV,please dont run after thinking NAV,when there is a rally,please quit at a well profit..........

wisely trade Very Happy

Chinwi · 10 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 8:50 pm

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@PriyanDV wrote:CSD
Net Asset Value = Rs 29.65 (30th June 2011)

Correct; as per last report.

This value is based on the revaluation done in December 2009. (Investment property val: 4,592,314,000.00 ) .
If they revalue now, probably they will in near future, this might hit 36.00 at-least.

@Player wrote: there is no rule that a share should trade below or high of NAV,please dont run after thinking NAV,when there is a rally,please quit at a well profit.......

RDS · 11 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 10:05 pm

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@Chinwi wrote:

@PriyanDV wrote:CSD
Net Asset Value = Rs 29.65 (30th June 2011)

Correct; as per last report.

This value is based on the revaluation done in December 2009. (Investment property val: 4,592,314,000.00 ) .
If they revalue now, probably they will in near future, this might hit 36.00 at-least.
it.......

[/quote]

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

ruchiranirash · 12 L & P Sector & NAV Wed Aug 10, 2011 11:15 pm

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I think we should little bit careful when it comes to the NAV in Land & Property sector shares. Because their net asset value is normally high than the share price most of the time. So don't buy or think those are under valued just because their share price is less than NAV. Look at the financials and see whether their operational income from the main business(NOT FROM OTHER INCOME) justifies the current value with EPS,PBT,PAT & other ratios. Then Make ur decision.

Happy Trading Guys !!!

Last edited by ruchiranirash on Wed Aug 10, 2011 11:21 pm; edited 2 times in total (Reason for editing : Word Added)

Chinwi · 13 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 11:24 pm

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@ruchiranirash wrote:I think we should little bit careful when it comes to the NAV in Land & Property sector shares. Because their net asset value is high than the share price most of the time. So don't buy or think those are under valued just because their share price is normally high than NAV. Look at the financials and see whether their operational income from the main business(NOT FROM OTHER INCOME) justifies the current value with EPS,PBT,PAT & other ratios. Then Make ur decision.

You are correct. I can remember the trading value of CTLD (MC-Bamba) remained well below NAV for years in 1990s. The trading price was based mostly on EPS/PAT .

Chinwi · 14 Re: Undervalued Shares in the Property Sector Thu Aug 11, 2011 12:13 am

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@RDS wrote:

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

Hi RDS,

This is not that similar to CFVF.
2 Years ago, we saw CFVF have invested heavily in TBills at higher rates (over 20%) and they were to get huge return per share probably more than the prevailed share price.
Later it performed better than I anticipated.

CDS came into the light when they issued rights and used that money to pay back loans to make it a profitable company. It was getting a fair rental income but showing losses due to high capital cost they were paying. ( Bank Interests ).
Then , with the help of some of our member contributions, we just checked its NAV and saw there is a possibility for revaluation after the war . Again, resent land sales - Shangri la etc. - has taken the land values of the area to a new dimension .

Somehow, I also believe NAV should not be the main factor deciding the trading price of property stocks. ( as others highlighted here) . In a takeover bid the story is different.

RDS · 15 Re: Undervalued Shares in the Property Sector Thu Aug 11, 2011 10:43 am

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@Chinwi wrote:

@RDS wrote:

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

Hi RDS,

This is not that similar to CFVF.
2 Years ago, we saw CFVF have invested heavily in TBills at higher rates (over 20%) and they were to get huge return per share probably more than the prevailed share price.
Later it performed better than I anticipated.

CDS came into the light when they issued rights and used that money to pay back loans to make it a profitable company. It was getting a fair rental income but showing losses due to high capital cost they were paying. ( Bank Interests ).
Then , with the help of some of our member contributions, we just checked its NAV and saw there is a possibility for revaluation after the war . Again, resent land sales - Shangri la etc. - has taken the land values of the area to a new dimension .

Somehow, I also believe NAV should not be the main factor deciding the trading price of property stocks. ( as others highlighted here) . In a takeover bid the story is different.

Thanks.
it seems something takeover pattern, let's see

more than 70M shares trade out of 147M issued qty within this week.

Think9 · 16 Re: Undervalued Shares in the Property Sector Thu Aug 11, 2011 3:06 pm

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Like i said , property sector didnt move . except EAST . Very Happy

Sold all ma EAST shares and bought some back. high risk though !!!

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Latest topics

Undervalued Shares in the Property Sector

1 Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:08 pm

lankasecguru

2 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:18 pm

sapumal

3 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:22 pm

Antonym

4 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:49 pm

Genting

5 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 3:53 pm

PriyanDV

6 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 4:21 pm

salt

7 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 4:39 pm

Think9

8 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 5:31 pm

nkuda

9 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 6:11 pm

player

10 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 8:50 pm

Chinwi

11 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 10:05 pm

RDS

12 L & P Sector & NAV Wed Aug 10, 2011 11:15 pm

ruchiranirash

13 Re: Undervalued Shares in the Property Sector Wed Aug 10, 2011 11:24 pm

Chinwi

14 Re: Undervalued Shares in the Property Sector Thu Aug 11, 2011 12:13 am

Chinwi

15 Re: Undervalued Shares in the Property Sector Thu Aug 11, 2011 10:43 am

RDS

16 Re: Undervalued Shares in the Property Sector Thu Aug 11, 2011 3:06 pm

Think9

17 Re: Undervalued Shares in the Property Sector

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