NAVPS of shares

Hey guys,

Can we identify a few shares where the current market price<=NAVPS (or PBV value nearly 1)

first one comes to mind is FLCH (Current Market price 4.00 whereas the NAVPS is 4.61)

There a few like KURU and MADU but considering the growth, past performance and potential growth FLCH looks good..

Can you list out a few more shares in that nature..?

(Please do not make this post junk with garbage shares, this post is only for ones which are fundamentally sound)

This is an extract of what i said to hunter in another post. Hope it will be helpfull to you.

"http://www.cse.lk/cmt/upload_report_file/617_1311938821351.pdf

all your answers are in that pdf. Its a spectacular performance within a very short term and the company is turning around. total revenue has increased by 25.72%(45,025/35,813*100-100).other income has increased by 538%(7,471/1,171*100-100).. operational expense have been reduced by 50.74%(-(25353-12448)/25353*100). finance expenses have been totally turnaround. it was negative 35.789 million and it has been a plus 22.36 million. finance expense is an expense by definition and isn't it weird.hehe..this might be due to the interest earned on the surplus rights money and it states that CSD is rich with both cash and company/land valuation. company has turnaround from a loss to a profit. The interesting part is the comparison of the profit and losses figure. its an exceptional turnaround. earlier it reported a net loss of 25.3 million. mind you . this is a negative figure. they have some how not minimized the profits, but exceeded the break even point and recorded a profit. the best part is the recorded profit which is 54.9 million positive profit is much more than the double the loss they had. so if you want to use the principle of marginal profit and calculate the performance. they have made additional 80.2 million over the period comparatively. EPS has changed from negative 64 cents to positive 68 cents. its a complete turnaround.NAVPS as at 31-03-2011 = 47.56 and as at 30-06-2011 =29.65 where between the 3 months period it has increased by 24.68%(29.65/(47.56/2)*100-100). Isn't this marvelous. 25% increase over the net assets value as well. As chinwi mentioned "After the current up trend in land and building value in Colombo they may get a huge increase if they revalue. After completion ( or at the middle) of Shangri-la and other nearby developments, we may not get a chance to own CSD at current prices". so this is enough of the financial analysis. my god what a performance within 3/6 months and they have utilized the rights money to the max and if they sustain the same June quarter results in the nest report no one can stop this flying over .......(will not say any prices). so hunter just tell me one stock trading in the entire CSE which has had a exceptional performance like this & still trading at a very meager 48.14%((15.4-29.7)/29.7*100) below the NAV. I think right now at the moment when considering all the crappy shares which have absurd valuation this is a GEM for sure. I think you are satisfied with my post hunter"

CSD to according to the financial statements has a net asset value per share which is double to the market price even after having a 1:1 rights issue which diluted the original NAVPS by half(Before the rights issue it was around 47 range per share). still they do own properties which had not been revalued for sometime and once this also added in to the equation , calculate the net PBV value for yourself my friend. the current pbv of CSD is
0.5185(15.4/29.7). amazing isn't it.THIS IS CSE my friend.