Undervalued Shares in the Property Sector

lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys

lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys

lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys

lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54
CSD Price 17.60 Net Asset Value 23.78
OSEA Price 16.60 Net Asset Value 20.53
Touchwood Price22 Net Asset Value 39.92

these are awesome buys

PriyanDV wrote:CSD
Net Asset Value = Rs 29.65 (30th June 2011)

Player wrote: there is no rule that a share should trade below or high of NAV,please dont run after thinking NAV,when there is a rally,please quit at a well profit.......

Chinwi wrote:

PriyanDV wrote:CSD
Net Asset Value = Rs 29.65 (30th June 2011)

Correct; as per last report.

This value is based on the revaluation done in December 2009. (Investment property val: 4,592,314,000.00 ) .
If they revalue now, probably they will in near future, this might hit 36.00 at-least.
it.......

ruchiranirash wrote:I think we should little bit careful when it comes to the NAV in Land & Property sector shares. Because their net asset value is high than the share price most of the time. So don't buy or think those are under valued just because their share price is normally high than NAV. Look at the financials and see whether their operational income from the main business(NOT FROM OTHER INCOME) justifies the current value with EPS,PBT,PAT & other ratios. Then Make ur decision.

RDS wrote:

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

Chinwi wrote:

RDS wrote:

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

Hi RDS,

This is not that similar to CFVF.
2 Years ago, we saw CFVF have invested heavily in TBills at higher rates (over 20%) and they were to get huge return per share probably more than the prevailed share price.
Later it performed better than I anticipated.

CDS came into the light when they issued rights and used that money to pay back loans to make it a profitable company. It was getting a fair rental income but showing losses due to high capital cost they were paying. ( Bank Interests ).
Then , with the help of some of our member contributions, we just checked its NAV and saw there is a possibility for revaluation after the war . Again, resent land sales - Shangri la etc. - has taken the land values of the area to a new dimension .

Somehow, I also believe NAV should not be the main factor deciding the trading price of property stocks. ( as others highlighted here) . In a takeover bid the story is different.