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
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 .