Steady rental income stream, not impacted significantly by COVID: Profits up by 28% during 9M 2020.
Final Dividend of min Rs 1.20 announcement expected this month: Decent yield of 7.0%.
Daily price fluctuations of Rs 1 or 2 provide trading opportunity.
Seylan Bank owns >70%, and Mr KDD Perera is Shareholder No. 2.
Net assets per share Rs 33.82 as on 30.09.2020.
LLUB (Rs 110.25):
4th Dividend announcement of approx Rs 2.75 expected this month: Decent yield of 8.8% pa reduces downside risk.
Trading opportunity because price tends to run when dividend is announced, especially when dividend exceeds expectations.
RENU (Rs 275.00):
Big buyer at this price.
Selling pressure has dissipated.
Foreign buying has been observed.
Cash- and asset-rich company.
Underpriced because company not generous with dividends.
Net assets per share Rs 707.95 as on 30.09.2020.
Disclosure: I own shares in all of the above companies.