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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CABO -- “ The Investment Company ” under Land & Building Sector

CABO -- “ The Investment Company ” under Land & Building Sector

+2
Dilithads
ForeigNer
6 posters

Go down  Message [Page 1 of 1]

ForeigNer

ForeigNer
Senior Equity Analytic
Senior Equity Analytic

Cargo Boat Development Company PLC is engaged in property development. The Company is also engaged in renting out premises. The Company's assets include Property at No 41 and Property at No 35, 35 1/1,& 37, which are located in Janadhipathi Mawatha, Colombo 01. The Property at No 41 and Property at No 35, 35 1/1,& 37 are office spaces with a net rentable area of approximately 54,470 square feet and 16.75 perches.

12 Months ended 31/03/2021 ;

Year on year Cargo Boat Development Company PLC grew revenues 2,017.81% from 320.00k to 6.78m while net income improved 100.76% from 69.86m to 140.24m.


CABO is highly illiquid where 92%  held by Top - 20 .

No of Shares issued  :   18 Mn  

Interest received during the year    :   Rs  54 Mn   (  Rs 3/=  per share )
Dividend received during the year  :   Rs  57 Mn  ( Rs 3.16  per share )
Proceeds from sale of Shares       :   Rs  92 Mn   (  Rs 5.11 per share )

EPS  =  Rs  7.78   (  compared to Rs 3.87  previous year  )



CABO -   Cash on hand value  Rs 425,000,000 /=


Further to holding of above mentioned  property at heart of the Colombo City ,

CABO maintains an extravagant Share Portfolio worth over 1.128 Bn rupees … !!!!!!

As per 2019/2020 Annual Report ,  following are the extract of major equities held in the portfolio ,

         COMB   -   4,280,862  shares
         DFCC    -   2,498,200  shares
         NDB       -       295,936  shares


         AHUN     -      733,193   shares
         SERV     -   1,010,100  shares
         RENU     -      455,440  shares
         PALM      -      137,500  shares


          IOC    -    130,000   shares

         CHL      -   305,485   shares


*****   VONE  -    523,000   shares

*****   LLUB   -   3,400,000  shares
          



Further to above investments in the CSE the company had invested in various 
Debentures total  amounting to Rs  174,399,332


Peer analysis





Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Serendib Land PLC24.91m16.60m881.98m0.00
Cargo Boat Development Company PLC6.78m140.24m1.30bn9.00
Colombo City Holdings PLC56.02m55.29m1.47bn29.00
Equity Two PLC125.26m116.10m1.79bn6.00
CT Land Development PLC347.47m127.74m2.07bn26.00
Seylan Developments PLC385.17m375.60m2.22bn20.00
On'Ally Holdings Plc181.70m242.63m3.13bn19.00
Colombo Land and Development Company PLC433.47m68.59m5.82bn27.00
Data as of Jul 22 2021



Above Peer analysis indicates the CABO performance is fairly above many entities in the Land category and can expect the best Quarter Results within next couple of weeks time.


Conclusion  :     Further to improved company performances mentioned above I noticed some renewed buying interest on the counter throughout last week.  All technical indicators reflects a STRONG BUY flag on the counter.  

I predict a sharp price increase in the counter in coming week and price  to reach Rs 150 /=   level by 15 AUG 2021 .

Dilithads


Stock Analytic
Stock Analytic

This is under renuka group

samaritan


Moderator
Moderator

Dilithads wrote:This is under renuka group
You have rocked the Boat!CABO  --   “ The Investment Company ”  under Land & Building Sector Icon_cry

ForeigNer

ForeigNer
Senior Equity Analytic
Senior Equity Analytic

https://island.lk/cbd-business-centre-in-fort-hosts-official-opening-ready-for-new-tenants-in-2021/

samaritan


Moderator
Moderator

ForeigNer wrote:Cargo Boat Development Company PLC is engaged in property development. The Company is also engaged in renting out premises. The Company's assets include Property at No 41 and Property at No 35, 35 1/1,& 37, which are located in Janadhipathi Mawatha, Colombo 01. The Property at No 41 and Property at No 35, 35 1/1,& 37 are office spaces with a net rentable area of approximately 54,470 square feet and 16.75 perches.

12 Months ended 31/03/2021 ;

Year on year Cargo Boat Development Company PLC grew revenues 2,017.81% from 320.00k to 6.78m while net income improved 100.76% from 69.86m to 140.24m.


CABO is highly illiquid where 92%  held by Top - 20 .

No of Shares issued  :   18 Mn  

Interest received during the year    :   Rs  54 Mn   (  Rs 3/=  per share )
Dividend received during the year  :   Rs  57 Mn  ( Rs 3.16  per share )
Proceeds from sale of Shares       :   Rs  92 Mn   (  Rs 5.11 per share )

EPS  =  Rs  7.78   (  compared to Rs 3.87  previous year  )



CABO -   Cash on hand value  Rs 425,000,000 /=


Further to holding of above mentioned  property at heart of the Colombo City ,

CABO maintains an extravagant Share Portfolio worth over 1.128 Bn rupees … !!!!!!

As per 2019/2020 Annual Report ,  following are the extract of major equities held in the portfolio ,

         COMB   -   4,280,862  shares
         DFCC    -   2,498,200  shares
         NDB       -       295,936  shares


         AHUN     -      733,193   shares
         SERV     -   1,010,100  shares
         RENU     -      455,440  shares
         PALM      -      137,500  shares


          IOC    -    130,000   shares

         CHL      -   305,485   shares


*****   VONE  -    523,000   shares

*****   LLUB   -   3,400,000  shares
          



Further to above investments in the CSE the company had invested in various 
Debentures total  amounting to Rs  174,399,332


Peer analysis
















Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Serendib Land PLC24.91m16.60m881.98m0.00
Cargo Boat Development Company PLC6.78m140.24m1.30bn9.00
Colombo City Holdings PLC56.02m55.29m1.47bn29.00
Equity Two PLC125.26m116.10m1.79bn6.00
CT Land Development PLC347.47m127.74m2.07bn26.00
Seylan Developments PLC385.17m375.60m2.22bn20.00
On'Ally Holdings Plc181.70m242.63m3.13bn19.00
Colombo Land and Development Company PLC433.47m68.59m5.82bn27.00
Data as of Jul 22 2021



Above Peer analysis indicates the CABO performance is fairly above many entities in the Land category and can expect the best Quarter Results within next couple of weeks time.


Conclusion  :     Further to improved company performances mentioned above I noticed some renewed buying interest on the counter throughout last week.  All technical indicators reflects a STRONG BUY flag on the counter.  

I predict a sharp price increase in the counter in coming week and price  to reach Rs 150 /=   level by 15 AUG 2021 .
Agree. Should clear triple digits.

ADVENTUS


Moderator
Moderator

CABO form wela

RJ1010 likes this post

samaritan


Moderator
Moderator

Will CABO follow BOGA & GREG?


Bogala Graphite, Ambean Holdings make their presence felt at CSE


"Notably, several not frequently notable companies including Bogala Graphite, Ambean Holdings and a few other other companies made their presence felt at the stock market yesterday, market analysts said".


https://island.lk/bogala-graphite-ambean-holdings-make-their-presence-felt-at-cse/

samaritan


Moderator
Moderator

ForeigNer wrote:Cargo Boat Development Company PLC is engaged in property development. The Company is also engaged in renting out premises. The Company's assets include Property at No 41 and Property at No 35, 35 1/1,& 37, which are located in Janadhipathi Mawatha, Colombo 01. The Property at No 41 and Property at No 35, 35 1/1,& 37 are office spaces with a net rentable area of approximately 54,470 square feet and 16.75 perches.

12 Months ended 31/03/2021 ;

Year on year Cargo Boat Development Company PLC grew revenues 2,017.81% from 320.00k to 6.78m while net income improved 100.76% from 69.86m to 140.24m.


CABO is highly illiquid where 92%  held by Top - 20 .

No of Shares issued  :   18 Mn  

Interest received during the year    :   Rs  54 Mn   (  Rs 3/=  per share )
Dividend received during the year  :   Rs  57 Mn  ( Rs 3.16  per share )
Proceeds from sale of Shares       :   Rs  92 Mn   (  Rs 5.11 per share )

EPS  =  Rs  7.78   (  compared to Rs 3.87  previous year  )



CABO -   Cash on hand value  Rs 425,000,000 /=


Further to holding of above mentioned  property at heart of the Colombo City ,

CABO maintains an extravagant Share Portfolio worth over 1.128 Bn rupees … !!!!!!

As per 2019/2020 Annual Report ,  following are the extract of major equities held in the portfolio ,

         COMB   -   4,280,862  shares
         DFCC    -   2,498,200  shares
         NDB       -       295,936  shares


         AHUN     -      733,193   shares
         SERV     -   1,010,100  shares
         RENU     -      455,440  shares
         PALM      -      137,500  shares


          IOC    -    130,000   shares

         CHL      -   305,485   shares


*****   VONE  -    523,000   shares

*****   LLUB   -   3,400,000  shares
          



Further to above investments in the CSE the company had invested in various 
Debentures total  amounting to Rs  174,399,332


Peer analysis



























Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Serendib Land PLC24.91m16.60m881.98m0.00
Cargo Boat Development Company PLC6.78m140.24m1.30bn9.00
Colombo City Holdings PLC56.02m55.29m1.47bn29.00
Equity Two PLC125.26m116.10m1.79bn6.00
CT Land Development PLC347.47m127.74m2.07bn26.00
Seylan Developments PLC385.17m375.60m2.22bn20.00
On'Ally Holdings Plc181.70m242.63m3.13bn19.00
Colombo Land and Development Company PLC433.47m68.59m5.82bn27.00
Data as of Jul 22 2021



Above Peer analysis indicates the CABO performance is fairly above many entities in the Land category and can expect the best Quarter Results within next couple of weeks time.


Conclusion  :     Further to improved company performances mentioned above I noticed some renewed buying interest on the counter throughout last week.  All technical indicators reflects a STRONG BUY flag on the counter.  

I predict a sharp price increase in the counter in coming week and price  to reach Rs 150 /=   level by 15 AUG 2021 .
Fundamentally undervalued share (NAV 122/=) waiting to breakout!

samaritan


Moderator
Moderator

ForeigNer wrote:Cargo Boat Development Company PLC is engaged in property development. The Company is also engaged in renting out premises. The Company's assets include Property at No 41 and Property at No 35, 35 1/1,& 37, which are located in Janadhipathi Mawatha, Colombo 01. The Property at No 41 and Property at No 35, 35 1/1,& 37 are office spaces with a net rentable area of approximately 54,470 square feet and 16.75 perches.

12 Months ended 31/03/2021 ;

Year on year Cargo Boat Development Company PLC grew revenues 2,017.81% from 320.00k to 6.78m while net income improved 100.76% from 69.86m to 140.24m.


CABO is highly illiquid where 92%  held by Top - 20 .

No of Shares issued  :   18 Mn  

Interest received during the year    :   Rs  54 Mn   (  Rs 3/=  per share )
Dividend received during the year  :   Rs  57 Mn  ( Rs 3.16  per share )
Proceeds from sale of Shares       :   Rs  92 Mn   (  Rs 5.11 per share )

EPS  =  Rs  7.78   (  compared to Rs 3.87  previous year  )



CABO -   Cash on hand value  Rs 425,000,000 /=


Further to holding of above mentioned  property at heart of the Colombo City ,

CABO maintains an extravagant Share Portfolio worth over 1.128 Bn rupees … !!!!!!

As per 2019/2020 Annual Report ,  following are the extract of major equities held in the portfolio ,

         COMB   -   4,280,862  shares
         DFCC    -   2,498,200  shares
         NDB       -       295,936  shares


         AHUN     -      733,193   shares
         SERV     -   1,010,100  shares
         RENU     -      455,440  shares
         PALM      -      137,500  shares


          IOC    -    130,000   shares

         CHL      -   305,485   shares


*****   VONE  -    523,000   shares

*****   LLUB   -   3,400,000  shares
          



Further to above investments in the CSE the company had invested in various 
Debentures total  amounting to Rs  174,399,332


Peer analysis
















Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Serendib Land PLC24.91m16.60m881.98m0.00
Cargo Boat Development Company PLC6.78m140.24m1.30bn9.00
Colombo City Holdings PLC56.02m55.29m1.47bn29.00
Equity Two PLC125.26m116.10m1.79bn6.00
CT Land Development PLC347.47m127.74m2.07bn26.00
Seylan Developments PLC385.17m375.60m2.22bn20.00
On'Ally Holdings Plc181.70m242.63m3.13bn19.00
Colombo Land and Development Company PLC433.47m68.59m5.82bn27.00
Data as of Jul 22 2021



Above Peer analysis indicates the CABO performance is fairly above many entities in the Land category and can expect the best Quarter Results within next couple of weeks time.


Conclusion  :     Further to improved company performances mentioned above I noticed some renewed buying interest on the counter throughout last week.  All technical indicators reflects a STRONG BUY flag on the counter.  

I predict a sharp price increase in the counter in coming week and price  to reach Rs 150 /=   level by 15 AUG 2021 .
Renuka Group is on upward trend. Will the illiquid CABO be the next NIFL?

samaritan


Moderator
Moderator

ForeigNer wrote:Cargo Boat Development Company PLC is engaged in property development. The Company is also engaged in renting out premises. The Company's assets include Property at No 41 and Property at No 35, 35 1/1,& 37, which are located in Janadhipathi Mawatha, Colombo 01. The Property at No 41 and Property at No 35, 35 1/1,& 37 are office spaces with a net rentable area of approximately 54,470 square feet and 16.75 perches.

12 Months ended 31/03/2021 ;

Year on year Cargo Boat Development Company PLC grew revenues 2,017.81% from 320.00k to 6.78m while net income improved 100.76% from 69.86m to 140.24m.


CABO is highly illiquid where 92%  held by Top - 20 .

No of Shares issued  :   18 Mn  

Interest received during the year    :   Rs  54 Mn   (  Rs 3/=  per share )
Dividend received during the year  :   Rs  57 Mn  ( Rs 3.16  per share )
Proceeds from sale of Shares       :   Rs  92 Mn   (  Rs 5.11 per share )

EPS  =  Rs  7.78   (  compared to Rs 3.87  previous year  )



CABO -   Cash on hand value  Rs 425,000,000 /=


Further to holding of above mentioned  property at heart of the Colombo City ,

CABO maintains an extravagant Share Portfolio worth over 1.128 Bn rupees … !!!!!!

As per 2019/2020 Annual Report ,  following are the extract of major equities held in the portfolio ,

         COMB   -   4,280,862  shares
         DFCC    -   2,498,200  shares
         NDB       -       295,936  shares


         AHUN     -      733,193   shares
         SERV     -   1,010,100  shares
         RENU     -      455,440  shares
         PALM      -      137,500  shares


          IOC    -    130,000   shares

         CHL      -   305,485   shares


*****   VONE  -    523,000   shares

*****   LLUB   -   3,400,000  shares
          



Further to above investments in the CSE the company had invested in various 
Debentures total  amounting to Rs  174,399,332


Peer analysis






































Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Serendib Land PLC24.91m16.60m881.98m0.00
Cargo Boat Development Company PLC6.78m140.24m1.30bn9.00
Colombo City Holdings PLC56.02m55.29m1.47bn29.00
Equity Two PLC125.26m116.10m1.79bn6.00
CT Land Development PLC347.47m127.74m2.07bn26.00
Seylan Developments PLC385.17m375.60m2.22bn20.00
On'Ally Holdings Plc181.70m242.63m3.13bn19.00
Colombo Land and Development Company PLC433.47m68.59m5.82bn27.00
Data as of Jul 22 2021



Above Peer analysis indicates the CABO performance is fairly above many entities in the Land category and can expect the best Quarter Results within next couple of weeks time.


Conclusion  :     Further to improved company performances mentioned above I noticed some renewed buying interest on the counter throughout last week.  All technical indicators reflects a STRONG BUY flag on the counter.  

I predict a sharp price increase in the counter in coming week and price  to reach Rs 150 /=   level by 15 AUG 2021 .
CABO  --   “ The Investment Company ”  under Land & Building Sector Icon_lolCABO  --   “ The Investment Company ”  under Land & Building Sector Icon_lolCABO  --   “ The Investment Company ”  under Land & Building Sector Icon_lol

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

samaritan wrote:
ForeigNer wrote:Cargo Boat Development Company PLC is engaged in property development. The Company is also engaged in renting out premises. The Company's assets include Property at No 41 and Property at No 35, 35 1/1,& 37, which are located in Janadhipathi Mawatha, Colombo 01. The Property at No 41 and Property at No 35, 35 1/1,& 37 are office spaces with a net rentable area of approximately 54,470 square feet and 16.75 perches.

12 Months ended 31/03/2021 ;

Year on year Cargo Boat Development Company PLC grew revenues 2,017.81% from 320.00k to 6.78m while net income improved 100.76% from 69.86m to 140.24m.


CABO is highly illiquid where 92%  held by Top - 20 .

No of Shares issued  :   18 Mn  

Interest received during the year    :   Rs  54 Mn   (  Rs 3/=  per share )
Dividend received during the year  :   Rs  57 Mn  ( Rs 3.16  per share )
Proceeds from sale of Shares       :   Rs  92 Mn   (  Rs 5.11 per share )

EPS  =  Rs  7.78   (  compared to Rs 3.87  previous year  )



CABO -   Cash on hand value  Rs 425,000,000 /=


Further to holding of above mentioned  property at heart of the Colombo City ,

CABO maintains an extravagant Share Portfolio worth over 1.128 Bn rupees … !!!!!!

As per 2019/2020 Annual Report ,  following are the extract of major equities held in the portfolio ,

         COMB   -   4,280,862  shares
         DFCC    -   2,498,200  shares
         NDB       -       295,936  shares


         AHUN     -      733,193   shares
         SERV     -   1,010,100  shares
         RENU     -      455,440  shares
         PALM      -      137,500  shares


          IOC    -    130,000   shares

         CHL      -   305,485   shares


*****   VONE  -    523,000   shares

*****   LLUB   -   3,400,000  shares
          



Further to above investments in the CSE the company had invested in various 
Debentures total  amounting to Rs  174,399,332


Peer analysis

















































Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Serendib Land PLC24.91m16.60m881.98m0.00
Cargo Boat Development Company PLC6.78m140.24m1.30bn9.00
Colombo City Holdings PLC56.02m55.29m1.47bn29.00
Equity Two PLC125.26m116.10m1.79bn6.00
CT Land Development PLC347.47m127.74m2.07bn26.00
Seylan Developments PLC385.17m375.60m2.22bn20.00
On'Ally Holdings Plc181.70m242.63m3.13bn19.00
Colombo Land and Development Company PLC433.47m68.59m5.82bn27.00
Data as of Jul 22 2021



Above Peer analysis indicates the CABO performance is fairly above many entities in the Land category and can expect the best Quarter Results within next couple of weeks time.


Conclusion  :     Further to improved company performances mentioned above I noticed some renewed buying interest on the counter throughout last week.  All technical indicators reflects a STRONG BUY flag on the counter.  

I predict a sharp price increase in the counter in coming week and price  to reach Rs 150 /=   level by 15 AUG 2021 .
CABO  --   “ The Investment Company ”  under Land & Building Sector Icon_lolCABO  --   “ The Investment Company ”  under Land & Building Sector Icon_lolCABO  --   “ The Investment Company ”  under Land & Building Sector Icon_lol
keep eye on this counter.. net asset 125 EPS over 8 ..

rukshan1234


Manager - Equity Analytics
Manager - Equity Analytics

80+  small volume number  of shares
Very Happy Very Happy

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