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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:39 pm
Message reputation : 100% (3 votes)
Serendib Land PLC is a highly illiquid share. All remaining number of shares other than held by top twenty is just 10,359

This company shows important features of real estate business and illiquid companies

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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:45 pm
As shown in above graph the revenue  (rental income)  is stable but the profit increases once in every three years . In terms of LKAS 40 of the Sri Lanka Accounting Standards, the fair value of investment property of a company should be revalued  annually be the board of directors and once in three years by a professional valuer. Thus this property was valued by M/s P.B. Kalugalagedara (F.I.V) an incorporated valuer and assessor.
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:47 pm
Rental income is rather stable and so is the dividends paid by the company.


20152014201320122011
Rental Income15,987,00013,140,00013,005,00011,520,00011,520,000



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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:48 pm
EPS shows high values once in three years as per revaluation of property
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:49 pm
Message reputation : 100% (1 vote)
When comparing with Net Asset Value and average Market value , 2011 was the ideal time to buy the share

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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:50 pm
Message reputation : 100% (1 vote)
One salient feature of highly illiquid shares is the spread between high and low value. These are the Riches in Niches for traders...
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 4:51 pm
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Backstage
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Aug 24, 2015 9:27 pm
Many thanks YK for sharing your work/knowledge. Your series of illustrated analysis 's are steadily increasing my familiarity with the companies of the CSE. Your generosity is exemplary and valuable to people like me.
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bakapandithaya
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon May 16, 2016 2:46 pm
Dear YK, please upate the status of SLND now
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Sep 12, 2016 5:31 pm
2015/16 Updates

The company revalue once in three years and the PAT fluctuate  accordingly.

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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Sep 12, 2016 5:32 pm
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Sep 12, 2016 5:33 pm
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Sep 12, 2016 5:34 pm
Irrespective of regularities in EPS, dividends are announced on a steady phase.


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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Mon Sep 12, 2016 5:37 pm
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Sun Jan 03, 2021 7:58 pm
2019/2020

Serendib Land PLC is located at 9/5 Thambiah Avenue and it provide leased floor area in its seven storied building.

Company intends to transfer into Diri Savi Board as it is not in compliance with Minimum Public Holding. Further company is evaluating a mechanism to improve its stated capital from Rs 36,000,000 to Rs 100,000,000.

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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Sun Jan 03, 2021 8:04 pm
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Sun Jan 03, 2021 8:07 pm
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yellow knife
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SLND.N0000 (Serendib Land PLC ) Empty Re: SLND.N0000 (Serendib Land PLC )

Sun Jan 03, 2021 8:08 pm
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