Why not much benefit to COMD ?

Jana · 1 Why not much benefit to COMD ? Thu Aug 23, 2012 7:50 am

Jana

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Why not much benefit to COMD ? Commercial Bank of Ceylon PLC hold 94.55% of COMD shares.
COMB every year paying good dividend and year to year they issue bonus , rights , script-dividend... to their own (COMB) shares ...
then why they never promote or issue any benefits to the COMD ?
COMD also have lot of reserve and good earnings,NAV ( we can't compare with COMB)..

Even If they announce any benefit then they also can enjoy because they already hold 94.55%...

Then Why ??? still COMD trading @ 56/= ...60/= level .. I thing that big seller already disposed their shares .. in the past two three month period..

any hope or possible to go up COMD ????

CSE.SAS · 2 COMD TWENTY LARGEST SHAREHOLDERS AS AT JUNE 30, 2012 Fri Aug 24, 2012 2:12 pm

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CSE.SAS · 3 COMD DIVIDEND HISTORY Fri Aug 24, 2012 2:27 pm

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Date of Announcement: - 29.Mar.2012
Rate of Dividend: - Rs. 2.00 per share / Final Dividend
Financial Year: - 2011
Shareholder Approval: - Required
AGM: -25.Apr.2012
XD: - 26.Apr.2012
Payment: - 08.May.2012

Date of Announcement: - 15.Nov. 2011
Rate of Dividend: - Rs. 2.00 per share / Interim Dividend
Financial Year: - 2011
XD: - 24.Nov.2011
Payment: - 05.Dec.2011

Date of Announcement:-24.Feb.2011
Rate of Dividend: - Rs. 1.00 per share Final Dividend
Financial Year: - 2010
Shareholder Approval: - Required
AGM:-06-May-2011
XD:-09.May.2011
Payment: - 19.May.2011

Date of Announcement:-08.Dec.2010
Rate of Dividend: - Rs.2 per share Interim Dividend
Financial Year: - 2010
XD:-17-Dec-2010
Payment: - 28.Dec.2010

Date of Announcement:-07.Apr.2010
Rate of Dividend:- Rs.1.00 per share Final Dividend
Financial Year:- 2009
Shareholder Approval:- Required
AGM:- 31.May.2010
XD:-01.Jun.2010
Payment:- 09.Jun.

Date of Announcement:- 22.December.2009
Rate of Dividend:- Rs.2.00 per share Interim Dividend
Financial Year:- 2009
Shareholder Approval:- Not Required
XD:-05.Jan.2010
Payment:- 13.Jan.2010

Date of Announcement:- 31.Mar.2009
Rate of Dividend:- Rs.1.00 per share - Final Dividend
Financial Year:- 2008
AGM:- 06. May. 2009
XD:- 07.May. 2009
Payment:- 14.May. 2009

Date of Announcement:- 30.Dec.2008
Rate of Dividend:- Rs.1.50 per share-Interim Dividend
Financial Year:- 2008
XD:- 12.Jan.2009
Payment:- 23.Jan.2009

Date of Announcement 14.Mar.2008
Rate of Dividend Rs.1.50 Per Share - Final Dividend
Financial Year 2007
XD - 17.Apr.2008
Payment - 24.Apr.2008

CSE.SAS · 4 COMD EPS & DPS Comparison Fri Aug 24, 2012 5:07 pm

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CSE.SAS · 5 COMD Net Assets Value Per Share Fri Aug 24, 2012 5:13 pm

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CSE.SAS · 6 COMD 10 Years Eps,Dps and Nav Summary Fri Aug 24, 2012 5:16 pm

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CSE.SAS · 7 Re: Why not much benefit to COMD ? Fri Aug 24, 2012 5:28 pm

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Based on NAv it does seem under valued (NAV 90.42),but the problem is that COMD is the subsidiary that owns the Commerical Bank HQ buliding in Bristol Street.So Basically they have one buliding and one tenant revenue growth will only come from rent increases but being a related party they may not agreesively increase the rents from COMB.If property values increase and interest rates continue to decline they can get non-cash profits from asset revaluations.....in a long term post war scenario its a good buy and hold stock (it can realistically trade at 60 levels) but I think OSEA or CTLD can give you a better exposure to the property sector given that COMD only has a one tenant/one building exposure and the fact that it's illiquid.

Slstock · 8 Re: Why not much benefit to COMD ? Fri Aug 24, 2012 5:50 pm

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CSE.SAS wrote:Based on NAv it does seem under valued (NAV 90.42),but the problem is that COMD is the subsidiary that owns the Commerical Bank HQ buliding in Bristol Street.So Basically they have one buliding and one tenant revenue growth will only come from rent increases but being a related party they may not agreesively increase the rents from COMB.If property values increase and interest rates continue to decline they can get non-cash profits from asset revaluations.....in a long term post war scenario its a good buy and hold stock (it can realistically trade at 60 levels) but I think OSEA or CTLD can give you a better exposure to the property sector given that COMD only has a one tenant/one building exposure and the fact that it's illiquid.

CSE.SAS ,

Some good points. Are these your opinions?

CSE.SAS · 9 Re: Why not much benefit to COMD ? Fri Aug 24, 2012 5:56 pm

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slstock wrote:

CSE.SAS wrote:Based on NAv it does seem under valued (NAV 90.42),but the problem is that COMD is the subsidiary that owns the Commerical Bank HQ buliding in Bristol Street.So Basically they have one buliding and one tenant revenue growth will only come from rent increases but being a related party they may not agreesively increase the rents from COMB.If property values increase and interest rates continue to decline they can get non-cash profits from asset revaluations.....in a long term post war scenario its a good buy and hold stock (it can realistically trade at 60 levels) but I think OSEA or CTLD can give you a better exposure to the property sector given that COMD only has a one tenant/one building exposure and the fact that it's illiquid.

CSE.SAS ,

Some good points. Are these your opinions?

Thanks for your comment...

You have any doubt in my opinions????

Kumar · 10 Re: Why not much benefit to COMD ? Fri Aug 24, 2012 7:59 pm

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Thanks CSE.SAS for the valuable input.

Jana · 11 Re: Why not much benefit to COMD ? Mon Sep 03, 2012 10:39 pm

Jana

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Thanks Guys for your comments. But still I am surprised no one( its mean very rare investors) interested in this stock ...Why ????

anu · 12 Re: Why not much benefit to COMD ? Tue Sep 04, 2012 12:19 am

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There are many stocks in the market like COMD, where the company is one owner, tenant is only one who is the holding company of the owner.! (COMD, BOC building owner, Ceylinco seylan tower owner etc).

Except for property value increases and organic growth in rentals (at the mercy of the tenant), the income is more or less fixed.

Putting in a unit trust or in FD is a better option than investing in these shares.....