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» Laughter the Best Medicine
Yesterday at 5:03 pm by Ethical Trader

» සිව් හෙලයේ ඉතිහාසය නිවැරදි කිරීම
Yesterday at 1:03 pm by කිත්සිරි ද සිල්වා

» Dividend Announcement
Yesterday at 11:47 am by Rana

» ප්‍රගීත් එක්නැලිගොඩ: "ෆයිල් අතුරුදහන්වීම" ගැන සන්ධ්‍යා හමුදාපතිට කිවූ දේ
Thu Jan 18, 2018 12:13 pm by Ethical Trader

» China offers best chance for SL development: CB
Thu Jan 18, 2018 9:27 am by කිත්සිරි ද සිල්වා

»  බැඳුම්කර වාර්තාව
Wed Jan 17, 2018 6:58 pm by කිත්සිරි ද සිල්වා

» "මිසයිල් අනතුරු ඇඟවීම වැරදි බොත්තමක් එබීමෙන්"
Tue Jan 16, 2018 1:19 pm by nihal123

» ඉන්දියාවේ ශ්‍රේෂ්ඨාධිකරණ විනිසුරුවෝ අගවිනිසුරුට එරෙහිව ප්‍රවෘත්ති සාකච්ඡාවක
Mon Jan 15, 2018 2:06 pm by Ethical Trader

» එක්කෝටි විසි ලක්ෂයකට අධික ළදරු කිරිපිටි ඇසුරුම් ආපසු කැඳවයි
Mon Jan 15, 2018 2:00 pm by Ethical Trader

» ට්‍රම්ප්ගේ "ජාතිවාදී" භාෂාව ගැන කෝපය පළ වේ
Sun Jan 14, 2018 5:32 pm by කිත්සිරි ද සිල්වා

» විශ්මිත නිර්මාණ එළිදැක්වූ ලෝකයේ විශාලතම තාක්ෂණික ප්‍රදර්ශනය
Sat Jan 13, 2018 12:12 pm by Ethical Trader

» CCTV මගින් රථවාහන දඩ: අත්හදා බැලීම පෙබරවාරියේ
Sat Jan 13, 2018 11:00 am by Ethical Trader

» Six-year term for President Sirisena: AG tells Supreme Court
Fri Jan 12, 2018 6:11 pm by Ethical Trader

» US revamps travel warning system; SL gets an okay
Fri Jan 12, 2018 6:09 pm by Ethical Trader

» Term of a Dictator
Fri Jan 12, 2018 6:02 pm by Ethical Trader

» නියම බුදු දහම
Fri Jan 12, 2018 2:44 pm by Ethical Trader

» මන්ත්‍රී විමල්ට අධිචෝදනා පත්‍ර භාර දුන්නේ ඇයි?
Thu Jan 11, 2018 5:31 pm by Ethical Trader

» SEYB.N0000 ( SEYLAN BANK PLC )
Thu Jan 11, 2018 5:25 pm by Ethical Trader

» 2008 -2014 බැඳුම්කර නිකුතු ගැන මහින්ද ප්‍රකාශයක් සිදු කළ යුතුයි - රනිල්
Thu Jan 11, 2018 12:00 pm by yellow knife

» ලෝකයේ රටවල් දෙකක මහා දේශගුණික වෙනස
Wed Jan 10, 2018 5:58 pm by Ethical Trader

» ඉතිහාසයේ පළමු වරට කොටස් වෙළෙඳපොළෙන් ත්‍රිත්ව ශතකයක්
Wed Jan 10, 2018 5:45 pm by Ethical Trader

» RICH N.0000 Richard Pieris and company PLC
Mon Jan 08, 2018 6:14 pm by Ethical Trader

» බැඳුම්කරය: මහින්දගෙන් ප්‍රශ්න කරන්න ජනමාධ්‍ය බයද? - රනිල්
Mon Jan 08, 2018 11:58 am by කිත්සිරි ද සිල්වා

» ලංකාවේ සුපිරිම දුම්රිය ස්ථානය
Sun Jan 07, 2018 5:33 pm by spw19721

» බැඳුම්කර කොල්ලයේ හෙළි වූ හොරු මෙන්න
Sun Jan 07, 2018 11:07 am by Ethical Trader

» අගමැති නිදොස් යයි කීම "ස්වයංවින්දනයක්ද?"
Sun Jan 07, 2018 10:51 am by Ethical Trader

» නව බදු : සෞදි බලධාරීන්ගෙන් තවත් පියවරක්
Sun Jan 07, 2018 10:48 am by Ethical Trader

» දුප්පත්කමින් එතෙරවීමට ඉනිමං බඳින චීනය
Sun Jan 07, 2018 10:45 am by Ethical Trader

» "නාන්න අවසර විනාඩි දෙකයි"
Sun Jan 07, 2018 10:39 am by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ ක්‍රියාත්මක කරන්න - අගමැතිගෙන් උපදෙස්
Sat Jan 06, 2018 7:24 pm by කිත්සිරි ද සිල්වා

» "Politically Black": බ්‍රිතාන්‍යයේ ජාතිවාදයට එරෙහිව සටන් වැදුණු ශ්‍රී ලාංකිකයා
Sat Jan 06, 2018 12:26 pm by Ethical Trader

» 'ෆයර් ඇන්ඩ් ෆියුරි' බොරුවෙන් පිරිලා - ට්‍රම්ප්
Sat Jan 06, 2018 12:22 pm by Ethical Trader

» සුනඛයෙකුට කළ ප්‍රතිකාරයකින් බිම් බෝම්වලට ගොදුරුවූවන්ට "නව බලාපොරොත්තුවක්"
Fri Jan 05, 2018 7:51 pm by කිත්සිරි ද සිල්වා

» රවිට නඩු, රනිල්ට තරවටු, සියලු පාඩු අයකර ගැනීමට පියවර- ජනපති කියයි..
Thu Jan 04, 2018 6:24 pm by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ: "අගමැතිතුමා නිර්දෝෂී බව කොමිසම සනාථ කළා"
Thu Jan 04, 2018 3:27 pm by CK

» "බරපතල වංචා, දූෂණ" කොමිෂන් වාර්තාවත් ජනපතිට භාර දෙයි
Thu Jan 04, 2018 10:06 am by Ethical Trader

» Banking Sector Outlook-
Thu Jan 04, 2018 10:01 am by Ethical Trader

» දූෂණ පරීක්ෂණවලට තිරිංග දැම්මේ කවුද?
Wed Jan 03, 2018 6:37 pm by CK

» 2018 Calander
Wed Jan 03, 2018 11:07 am by Ethical Trader

» CSE Holidays - 2018
Wed Jan 03, 2018 11:03 am by Ethical Trader

» CB action taken on ailing finance companies.
Wed Jan 03, 2018 10:43 am by Ethical Trader

» World’s Most Toxic Food
Wed Jan 03, 2018 10:28 am by කිත්සිරි ද සිල්වා

» Tempolten's 22 Principles for successful Investments.
Wed Jan 03, 2018 10:18 am by Ethical Trader

» සෞදි අරාබිය සහ එක්සත් අරාබි එමීරය පළමු වරට බදු හඳුන්වා දෙති
Tue Jan 02, 2018 7:14 pm by කිත්සිරි ද සිල්වා

» ඉරානය- මරණ විසි ගණනක්; සිය ගණනක් අත්අඩංගුවේ
Tue Jan 02, 2018 7:12 pm by කිත්සිරි ද සිල්වා

» ස්වර්ණමහල් සහ ඊටීඅයි ෆිනෑන්ස් සමාගම් මහ බැංකුවේ නියාමනයට
Tue Jan 02, 2018 7:10 pm by කිත්සිරි ද සිල්වා

» යාචක තහනම: "යාචකයන්ට දිනකට රු 1,500ක රැකියා"
Tue Jan 02, 2018 7:10 pm by Ethical Trader

» Ouch !
Mon Jan 01, 2018 6:33 am by spw19721

» Flying is the Safest mode of Transport
Sun Dec 31, 2017 8:50 am by කිත්සිරි ද සිල්වා

» What would it be?
Sat Dec 30, 2017 6:04 pm by කිත්සිරි ද සිල්වා

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Land and property - snapshot

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Land and property - snapshot

Post by First Guy on Fri Jul 31, 2015 11:53 am

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The top four in the list stand out having identical P/B and P/CFO (own calculation)

For property sector, how much cash they make, specially from rental income matters a lot and not the fair value gains. Unless the highly valued property are not able to generate income, it should not trade higher (eg: CSD)

P/E and ROE will be distorted in this case due to fair value gains so it's better to look at cash flows.

Even after moving up rapidly, CTLD gives a good DY with increasing dividends.

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Re: Land and property - snapshot

Post by First Guy on Wed Aug 12, 2015 8:21 pm

CTLD has been gradually moving up (below everyone's radar?)
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Re: Land and property - snapshot

Post by pathfinder on Wed Aug 12, 2015 8:59 pm

First Guy wrote:CTLD has been gradually moving up (below everyone's radar?)
You can't say so Wink
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Re: Land and property - snapshot

Post by First Guy on Fri Aug 28, 2015 7:52 am

First Guy wrote:CTLD has been gradually moving up (below everyone's radar?)

Now 55/- + Wink
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Re: Land and property - snapshot

Post by slstock on Fri Aug 28, 2015 7:54 am

And I sold my 1000 share at Rs 37 ( but invested in somethign else which also rose)

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Re: Land and property - snapshot

Post by First Guy on Fri Aug 28, 2015 7:56 am

slstock wrote:And I sold my 1000 share at Rs 37  ( but invested in somethign else which also rose)

Yes there were many which had good runs. CTLD held on during these rough times too. Now it's nearing NAV so have to be watchful
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Re: Land and property - snapshot

Post by Antonym on Fri Aug 28, 2015 6:04 pm

First Guy wrote:
slstock wrote:And I sold my 1000 share at Rs 37  ( but invested in somethign else which also rose)
Yes there were many which had good runs. CTLD held on during these rough times too. Now it's nearing NAV so have to be watchful
Less than four year ago, when CTLD was severely undervalued, I bought a few shares under Rs 29. Since then, it has given me a decent dividend yield (average 7%, increasing each year).
I generally invest for the long term, and plan to sell these CTLD shares only if their price exceeds their NAV, which must be about Rs 62 currently.
Seeing how most properties, including Majestic City, are valued based on the rental income that they generate, I believe that land and property shares should trade at or around their NAV. Any views on this?

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Re: Land and property - snapshot

Post by pathfinder on Fri Aug 28, 2015 7:59 pm

Antonym wrote:
Less than four year ago, when CTLD was severely undervalued, I bought a few shares under Rs 29. Since then, it has given me a decent dividend yield (average 7%, increasing each year).
I generally invest for the long term, and plan to sell these CTLD shares only if their price exceeds their NAV, which must be about Rs 62 currently.
Seeing how most properties, including Majestic City, are valued based on the rental income that they generate, I believe that land and property shares should trade at or around their NAV. Any views on this?

Nice to see you back Antonym Very Happy
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Re: Land and property - snapshot

Post by Antonym on Fri Aug 28, 2015 10:21 pm

pathfinder wrote:Nice to see you back Antonym Very Happy
Thanks, pathfinder. Very Happy
I am mostly a silent observer nowadays because I own shares of only 4 companies, am not really interested in increasing my equity exposure, and don't know much about other shares. Therefore, not much to contribute...

Undervalued shares (incl. land and property) are my favorites. I believe that it makes more sense to invest in land & property shares than in property iteslf - because when the price of L&P rises, the prices of L&P shares rise even more!

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Re: Land and property - snapshot

Post by First Guy on Fri Aug 28, 2015 10:25 pm

Antonym wrote:
First Guy wrote:
slstock wrote:And I sold my 1000 share at Rs 37  ( but invested in somethign else which also rose)
Yes there were many which had good runs. CTLD held on during these rough times too. Now it's nearing NAV so have to be watchful
Less than four year ago, when CTLD was severely undervalued, I bought a few shares under Rs 29. Since then, it has given me a decent dividend yield (average 7%, increasing each year).
I generally invest for the long term, and plan to sell these CTLD shares only if their price exceeds their NAV, which must be about Rs 62 currently.
Seeing how most properties, including Majestic City, are valued based on the rental income that they generate, I believe that land and property shares should trade at or around their NAV. Any views on this?

I too bought my first CTLD around 29/- mark Very Happy

These don't have to be trading near NAV but depends on the earnings and dividends. CSD has NAV close to 30/- but is nowhere near that price. NAV and even EPS can be increased easily by revaluing. So cashflow and dividends are important when comparing.
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Re: Land and property - snapshot

Post by First Guy on Fri Aug 28, 2015 10:27 pm

Antonym wrote:
pathfinder wrote:Nice to see you back Antonym Very Happy
Thanks, pathfinder. Very Happy
I am mostly a silent observer nowadays because I own shares of only 4 companies, am not really interested in increasing my equity exposure, and don't know much about other shares. Therefore, not much to contribute...

Undervalued shares (incl. land and property) are my favorites. I believe that it makes more sense to invest in land & property shares than in property iteslf - because when the price of L&P rises, the prices of L&P shares rise even more!

I have to disagree. From what I've seen, the land value doesn't matter much directly. It's how much rent the company charges for letting that space. Naturally rent will rise along with land value too but it depends on many other factors. Think of a basic house and a luxury house built at the same plot for example and how much rent they will fetch. Cost to build them, facilities etc., are different too.
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Re: Land and property - snapshot

Post by HAL9000 on Fri Aug 28, 2015 11:29 pm

CTLD has already given good returns,  but OSEA is the future, which is completing the Havelock city project ! Does Antonym endorse this ? Here I considered political factor as well !
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Re: Land and property - snapshot

Post by xmart on Sat Aug 29, 2015 12:27 am

HAL9000 wrote:CTLD has already given good returns,  but OSEA is the future, which is completing the Havelock city project ! Does Antonym endorse this ? Here I considered political factor as well !

Im betting on OSEA. I have been there. phase III is also underway. its true potential is yet to reveal. there is nothing like Havelock City and WTC and hardly never will be in heart of colombo.
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Re: Land and property - snapshot

Post by First Guy on Sat Aug 29, 2015 10:45 am

xmart wrote:
HAL9000 wrote:CTLD has already given good returns,  but OSEA is the future, which is completing the Havelock city project ! Does Antonym endorse this ? Here I considered political factor as well !

Im betting on OSEA. I have been there. phase III is also underway. its true potential is yet to reveal. there is nothing like Havelock City and WTC and hardly never will be in heart of colombo.

Out of all the property shares, I have looked at (a bit) at CTLD, OSEA and COMD. OSEA has an edge over the other two with apartment sales (when they happen). They will pay a special dividend from these profits. With so many developments coming around the fort area WTC could also have an edge but it will also face competition. Ratios are attractive compared to others. CTLD and COMD will give consistent dividends in the meantime. Others with renting business are YORK, ONAL and also CLND which was recently renovated.

KDL and MHDL build houses and sell. I am not updated with these but KDL will recognize revenue in coming quarters but NAV seems low even with that to me. Hariesha has talked about MHDL some time ago.
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Re: Land and property - snapshot

Post by pathfinder on Sat Sep 26, 2015 6:47 pm

What will happen if much talked Megapolice project commence?
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Re: Land and property - snapshot

Post by First Guy on Sun Sep 27, 2015 8:27 pm

pathfinder wrote:What will happen if much talked  Megapolice project commence?

Megapolis? Wink
This I think is a very long term plan. It's going to take a very long time. More than in Colombo, I think l;and value of suburbs and adjoining districts may appreciate.

But there are plenty of new developments happening in Colombo. New hotels + apartments (Shangri La, ITC, Hyatt, Destiny .... ) then we have the port city, Orion City expansion, Renuka Tower?

While these might increase land value, it's going to give competition to exiting buildings.

WTC (OSEA) is still much sought after + It has apartment business. Will new developments be more attractive and competitive on price?

EQIT, ETWO, CSD, COMD - value might increase but income?

MC (CTLD) is I think is away from new projects and maybe has a different (low-mid end) market in terms of rent. There is a land (previous car park) opposite MC which is up for development owned by another company

Liberty (CLND) has had refurbishments. Possible increase in rent but past results have not been impressive.

Unity is nothing much to talk about.
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Re: Land and property - snapshot

Post by Hybrid on Mon Sep 28, 2015 12:08 pm

Land in Katunayake, Seeduwa, Jaela, Ekala, Kandana are slightly moving up in price with the Highway. if the Metropolis is planned and awareness is high it would be worth investing in land from now on.

Prices are between 250,000 pp upwards.
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Re: Land and property - snapshot

Post by First Guy on Thu May 19, 2016 7:46 am

CTLD has once again touched 55/-

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Re: Land and property - snapshot

Post by First Guy on Tue Jun 14, 2016 10:10 pm

Update on CTLD (not new news)

1.65/- final dividend slightly more than last time.

Main point in their accounts is the turnaround of the investee company in which it holds 45%

I don't think there is expansion for Majestic City but the investee is planning expansion with 'internal and borrowed funds'
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