Land and property - snapshot

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

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

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

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

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?

pathfinder wrote:Nice to see you back Antonym

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?

Antonym wrote:

pathfinder wrote:Nice to see you back Antonym

Thanks, pathfinder.
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!

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 !

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.

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