Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Submit Post

Latest topics

» JKH.N MORE SELLING PRESURE
by Promoney Today at 1:02 am

» HPFL,VPEL and VLL Very Interesting Price to enter
by ADVENTUS Yesterday at 11:42 pm

» Don't Touch SAMP _HNB they have a massive foreign sell
by Teller Yesterday at 11:38 pm

» BOGALA GRAPHITE LANKA PLC (BOGA.N0000)
by Teller Yesterday at 11:30 pm

» WATCHING RAL
by Teller Yesterday at 11:28 pm

» Lets try to understand what is happening in the market right now
by Teller Yesterday at 11:26 pm

» Postpone General Election ?
by Teller Yesterday at 11:18 pm

» International stock markets
by Teller Yesterday at 8:16 pm

» POST COVID19 - SRI LANKA'S ECONOMIC REVIVAL
by xhunter Yesterday at 2:20 pm

» LOLC HOLDINGS PLC (LOLC.N0000)
by THASSIM Yesterday at 11:08 am

» C M HOLDINGS PLC (COLO.N0000)
by Jay-Jay Yesterday at 10:05 am

» NATIONS TRUST BANK PLC (NTB.N0000)
by thestock123 Yesterday at 9:08 am

» ACCESS ENGINEERING PLC (AEL.N0000)
by engineer Thu Jul 02, 2020 6:53 pm

» Vpel dividend
by ADVENTUS Thu Jul 02, 2020 6:11 pm

» What will happen tomorrow?
by jaya Thu Jul 02, 2020 5:34 pm

» CSE geared into BULL mode
by ErangaDS Thu Jul 02, 2020 12:01 pm

» Shares to Buy
by Beta1 Thu Jul 02, 2020 10:06 am

» CFVF CFVF CFVF
by Promoney Thu Jul 02, 2020 9:32 am

» MHDL - Millennium Housing
by EGG Thu Jul 02, 2020 9:08 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Promoney Thu Jul 02, 2020 6:42 am

» EAST WEST PROPERTIES PLC (EAST.N0000)
by Rational Investor Wed Jul 01, 2020 11:33 pm

» T/Bill Rates
by dineshdp Wed Jul 01, 2020 10:31 pm

» Dont catch falling knives!
by Yahapalanaya Wed Jul 01, 2020 10:04 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by EquityChamp Wed Jul 01, 2020 8:29 pm

» REEF Group shares
by Rational Investor Wed Jul 01, 2020 5:57 pm

» TAFL - THE PHOENIX TO RISE!
by desh87 Wed Jul 01, 2020 3:04 pm

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Who is online?
In total there are 80 users online :: 1 Registered, 0 Hidden and 79 Guests

lbnnirmal

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Statistics
We have 22889 registered users
The newest registered user is aj100

Our users have posted a total of 351485 messages in 52136 subjects

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)

THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)

Go to page : 1, 2, 3, 4, 5, 6, 7  Next

Go down  Message [Page 1 of 7]

Avinash

Avinash
Senior Equity Analytic
Senior Equity Analytic
CFLB prices have gone up so much, there is a rumor in the market that there is a rights issue or split. Is it true? do you think it is worth buying this company at this price. Also what do you think of lankem and cw mackie.

Avril

Avril
Equity Analytic
Equity Analytic
CFLB 6mts ended Sep'10 profit after tax was up by 1628% to 0.567Mn also EPS Rs.8.82. No of issued share are only 36MN of which 84% i.e 30.2MN in the hands of Institutions and the bal 16% i.e only 5.8MN in the hands of the public. Profit for year end could be predicted at least Rs 2.2 BN then EPS would be >Rs.60/-. This is one of the best in the market. With compare to the other company's in the market the price of a share still undervalue and it should be reached ???? 4 digit mark..

Commented by a reader @ Srilankaequity.com chatbox

dinusl

dinusl
Co-Admin
It's seems like silent collection is going. Rolling Eyes Rolling Eyes

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As discussed above, CFLB has the potential to go up to Rs 1000/= based on its earnings, Profit. CFLB is expected to make a Group profit of about Rs 2,5 bn. Breakdown is expected to be Lankem Rs 1bn, Kotagala Rs 800mn, CW Mackie Rs 250mn, Hotels Rs 70mn etc..

CFLB owns the entire group including Lankem. Please find below the Group: structure.

THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) Cflb12

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Nice explanation....
thank U

6THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) Empty CFLB on Sat Jan 29, 2011 9:17 pm

greene


Equity Analytic
Equity Analytic
wouldnt LCEY trade higher ? being the largest contributor to CFLBs eps value especially in the third quarter. pls correct me if im wrong. Plus an year ended profit of 1Billion for LCEY accounts for a december eps of 31.6



Last edited by greene on Thu Feb 03, 2011 4:27 pm; edited 3 times in total

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I think CFLB easily can pass 500 now

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
Hi Quibit,

6 months EPS is 8.82. So price of 1000 can be justifiable? appreciate ur comments. Smile

dulandesilva


Equity Analytic
Equity Analytic
Eps as for the last quarter(Q3:10) = 3.70
Annualized EPS = 3.70*4= 14.8
Market pric = 455
PER = 455/14.8 = 30.7
Sector PE = 34.04

Market value as for the Sector OE value = 34.04*14.8 = 454.08

MACD = 60
Signal = 48
RSI = 86

Eps as for the last quarter(Q3:10) = 3.70
Annualized EPS = 3.70*4= 14.8
Market pric = 455
PER = 455/14.8 = 30.7
Sector PE = 34.04
Market value as for the Sector OE value = 34.04*14.8 = 454.08

According to the present conditions this is overbought.
Please corect me if I'm wrong, also appreciate if you can give a explanation on the figures since Im not a fundamental expert

Tkz

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
@dulandesilva wrote:Eps as for the last quarter(Q3:10) = 3.70
Annualized EPS = 3.70*4= 14.8
Market pric = 455
PER = 455/14.8 = 30.7
Sector PE = 34.04

Market value as for the Sector OE value = 34.04*14.8 = 454.08

MACD = 60
Signal = 48
RSI = 86

Eps as for the last quarter(Q3:10) = 3.70
Annualized EPS = 3.70*4= 14.8
Market pric = 455
PER = 455/14.8 = 30.7
Sector PE = 34.04
Market value as for the Sector OE value = 34.04*14.8 = 454.08

According to the present conditions this is overbought.
Please corect me if I'm wrong, also appreciate if you can give a explanation on the figures since Im not a fundamental expert

Tkz

EPS for the 6 months ended is 8.82. so annualized EPS is 17.64, so the approximate price could be,

17.64*34 ( sector PE) = 600.

But, this is based on the sector PE. So how come this 1000 story came? Appreciate if someone give clarifications if the valuation for 1000 is justifiable.
cheers.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
The story i have heard is that they have alot of land on lease around fort that has not been revalued for 30 odd years. now if these people actually have 5-6 acres of land in fort that would be worth billions now and many more billions in the future with the fort expansion project. that is why the share is going up. I'm going to go and see if i can actually find this land next week.

I do have a large holding of CFLB and i have no way of verifying what i have said. so please take my comment with a grain of salt and try to do your own research. Don't jump into this share willy nilly as it is quite overbought at the moment and can easily loose 40-50 rupees of it's value.

I have doubts whether their EPS can justify their current price, but if this land story is true the company can also be evaluated like a real estate company with their book value being more important

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
@mono wrote:The story i have heard is that they have alot of land on lease around fort that has not been revalued for 30 odd years. now if these people actually have 5-6 acres of land in fort that would be worth billions now and many more billions in the future with the fort expansion project. that is why the share is going up. I'm going to go and see if i can actually find this land next week.

I do have a large holding of CFLB and i have no way of verifying what i have said. so please take my comment with a grain of salt and try to do your own research. Don't jump into this share willy nilly as it is quite overbought at the moment and can easily loose 40-50 rupees of it's value.

I have doubts whether their EPS can justify their current price, but if this land story is true the company can also be evaluated like a real estate company with their book value being more important

Thanks mono. Good that you share the revaluation thing. I didnt know that up to now. anyway it seems risky entering now. will see if prices come down. tks. Smile

econ

econ
Global Moderator
thanks for the info mono..
but I wish I could get that news when CFLB trade around 190..
it went up too fast..
now too late for me..
you got it around 340 right??

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics
dulandesilva,

you have taken Q2 result as Q3.Q3 still no release and everybody waiting for that. No No No

dulandesilva


Equity Analytic
Equity Analytic
thanks for correcting me kuk83.

What is the most accurate EPS value to consider...6 month value or the quarter value when calculating(in general)

tkz again

16THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000) Empty CFLB on Fri Feb 04, 2011 11:17 pm

knowledge


Stock Analytic
Stock Analytic
CFLB EPS for the two quarters ending 30/09/2010 was 8.82, however, one cannot simple double this to yield an annualized EPS of 17.64 since the Q4 of 2010 will show a considerable increase in profits. Just have a look at what exactly their holding structure is: https://servimg.com/view/16108723/3 (Kudos to Quibit for compiling this)

If we apply average profit increases that we have seen in recently released results, it is safe to assume that CFLB will yield an annualized EPS of at least 30-35, if not considerably more. Personally I expect them to announce an EPS of 20+ for the last quarter alone. Assuming the former (not the latter), a share price of 800-1000 is very realistic and I presume it will hit this (with a few ups and downs along the way) latest with their Q1 2011 results. This is not an advice, just my opinion. We will know for sure within a week or two when their results are out.

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
@knowledge wrote:CFLB EPS for the two quarters ending 30/09/2010 was 8.82, however, one cannot simple double this to yield an annualized EPS of 17.64 since the Q4 of 2010 will show a considerable increase in profits. Just have a look at what exactly their holding structure is: https://servimg.com/view/16108723/3 (Kudos to Quibit for compiling this)

If we apply average profit increases that we have seen in recently released results, it is safe to assume that CFLB will yield an annualized EPS of at least 30-35, if not considerably more. Personally I expect them to announce an EPS of 20+ for the last quarter alone. Assuming the former (not the latter), a share price of 800-1000 is very realistic and I presume it will hit this (with a few ups and downs along the way) latest with their Q1 2011 results. This is not an advice, just my opinion. We will know for sure within a week or two when their results are out.

EPS for last two qtrs is 8.82, roughly, 4.5 for a qtr. Then, to EPS of 20 for the last qtr is a 500% increase. what's the reason to such as increase? pls clarify.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
CFLB has alot of plantations & agriculture related companies under it's wing. You can't just take past EPS and multiply it to get CFLB future performance. It's not that simple, you need to look at those sectors and figure out how they're doing and then forecast quarter by quarter.

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Agree with Knowledge ...CFLB EPS for the first 6 months is 8.82 .Since CFLb has a low free float of 36 Million shares any up surge in profit results in the EPS moving up considerably. When you look at Segment revenue it has doubled from 09 t0 10 with all their business segments doing extremely well . Out of the 11 segments only two are making losses which are Construction and Hotels (we all know how these two segments are set to boom). I to feel that that their anualised EPS Should settle between 30 and 35 . Even if you take the PE at 20 well the results will speak for themselves and the share should trade between 600 and 700 ...don't for get that they have a massive land bank in fort that has not been revalued in years so they are sitting on a massive Land bank. PER for growth sectors are usually higher as people are willing to pay more for such shares. The other factor is that only 5 million plus shares are actively traded as 85% share holding is with the top 20 share holders of the firm . If CFLB has to move forward another thing they might do is offer a rights issue or script issue to increase the Free float which at the moment really doesn't do justice to it's rising status. they will need to increase it sooner rather than later. an estimate is that
they will top one billion in profits in the last two quarters with the 3rd quarter expected to do around 700 million if their anualised profit tops 1.5billion then we are looking at an EPs of around 40 . All depends on this quarters results.

However the risks would be that like any company with low liquidity the share price can come down as much if there is any negativity with regard to the share i.e BFL when it drops it drops but it consolidates and rises.

The bull signals are there FOR CFLB and its main group companies....lets see when the latest quarter results are out.

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes past performance as important can not be taken in to consideration when calculating current or future trends..as in the case of CFLB go in to the individual segments and you can gauge where the company is headed. quite a few growth segments in their portfolio.

Sponsored content


Back to top  Message [Page 1 of 7]

Go to page : 1, 2, 3, 4, 5, 6, 7  Next

Permissions in this forum:
You cannot reply to topics in this forum