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»  Rajgama Heroes !
Land and property - snapshot EmptyToday at 12:26 pm by කිත්සිරි ද සිල්වා

» Coronavirus Updates
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» In the Meantime, Within Our Shores !
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» Thread for News on CSE and SL Economy
Land and property - snapshot EmptyFri Jul 03, 2020 7:17 am by The Invisible

» Access Engineering AEL Technical Analysis
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» Obituary Notice.
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»  6000 Post Club , Celebration of a Great Milestone, Slstock
Land and property - snapshot EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
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» How to get Access to: 104 Technical trading experiments by HUNTER
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» Sri Lanka to monetize tens of billions of contractor bills
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» 104 Technical trading experiments by HUNTER
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» CFVF - First Capital
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» JKH.N0000
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» Plantation sector updates
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» Dividend Announcements
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» LOLC Holdings
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» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
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» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
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» Sri Lanka tea prices pickup marginally mid June
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» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
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» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Land and property - snapshot EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
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» SAMP.N0000 (Sampath Bank PLC)
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» HAYC - Haycarb
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» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Land and property - snapshot EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Land and property - snapshot EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Land and property - snapshot EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
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» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
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» Gota's Era
Land and property - snapshot EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
Land and property - snapshot EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Land and property - snapshot EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Land and property - snapshot EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
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» Sri Lanka’s General Election on August 05
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» Hayleys MGT
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» AEL Access Engineering
Land and property - snapshot EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Land and property - snapshot EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Land and property - snapshot EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Land and property - snapshot EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Land and property - snapshot EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Land and property - snapshot EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Land and property - snapshot EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Land and property - snapshot EmptyWed Jun 03, 2020 9:49 pm by nihal123

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

What will happen if much talked Megapolice project commence?
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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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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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Post by First Guy on Thu May 19, 2016 7:46 am

CTLD has once again touched 55/-

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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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