CSD Community

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Blue Whale
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Re: CSD Community

Postby Blue Whale » Wed May 31, 2017 1:14 pm

I think time for CSD is coming. Good days may be ahead. Now trading @ 13.4/-

Thanks
BW
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Re: CSD Community

Postby dhanurrox » Wed May 31, 2017 1:25 pm

Blue Whale wrote:I think time for CSD is coming. Good days may be ahead. Now trading @ 13.4/-

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BW

I think time for some land and property.

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Re: CSD Community

Postby Blue Whale » Wed May 31, 2017 5:14 pm

Me too. Now since Hotel sector didn't materialized let's hope Land sector make for it.
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Re: CSD Community

Postby Value » Wed May 31, 2017 5:17 pm

I could see lot of interests (than usual) were shown in CSD in the past few days.

I would be delighted if the share moves, which hasn't happened for a while.

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Re: CSD Community

Postby PATHFINDER » Thu Jun 01, 2017 1:42 pm

TIMING IS THE NAME FOR THE GAME

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Value
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Re: CSD Community

Postby Value » Thu Jun 01, 2017 1:50 pm

Finally sold that property !! :-bd

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Re: CSD Community

Postby PATHFINDER » Thu Jun 01, 2017 1:52 pm

revenue from the deal is 6.75 per share,

What's the profit from the deal?
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Value
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Re: CSD Community

Postby Value » Thu Jun 01, 2017 1:57 pm

The total profit is around just 50 Mn to be added to the P&L. It was Investment property, so all unrealised gains will be realised now.

They had legal issues with that property, now it's over!

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Re: CSD Community

Postby sashimaal » Thu Jun 01, 2017 2:33 pm

We were waiting for some time :D

Value wrote:Finally sold that property !! :-bd
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Re: CSD Community

Postby Value » Thu Jun 01, 2017 2:44 pm

sashimaal wrote:We were waiting for some time :D

Value wrote:Finally sold that property !! :-bd


Indeed.

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Re: CSD Community

Postby Blue Whale » Thu Jun 01, 2017 4:51 pm

Rs0.34 will be added to this quarter EPS.
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Re: CSD Community

Postby solace » Thu Jun 01, 2017 7:04 pm

Blue Whale wrote:Rs0.34 will be added to this quarter EPS.


Only Rs.0.34 :-? :-?

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Re: CSD Community

Postby PATHFINDER » Thu Jun 01, 2017 7:23 pm

solace wrote:
Blue Whale wrote:Rs0.34 will be added to this quarter EPS.


Only Rs.0.34 :-? :-?


Solace that figure is the profit from the deal.It's one time gain I don't think anybody is a fool to buy this share for that reason.

As Value correctly said they got rid of a stucked property from which they got a good amount of cash.That cash pile can add one time EPS of 6.75 per share for the next quarter.

CSD doesn't have a big debt.They can invest the amount and/or pay off a good dividend.

All depend on the way they utilized that money.
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Re: CSD Community

Postby StockFlashSL » Thu Jun 01, 2017 7:24 pm

My calculations give an EPS of 6 to be added. Can't be 0.34, no way.


solace wrote:
Blue Whale wrote:Rs0.34 will be added to this quarter EPS.


Only Rs.0.34 :-? :-?

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Re: CSD Community

Postby solace » Thu Jun 01, 2017 7:26 pm

PATHFINDER wrote:
solace wrote:
Blue Whale wrote:Rs0.34 will be added to this quarter EPS.


Only Rs.0.34 :-? :-?


Solace that figure is the profit from the deal.It's one time gain I don't think anybody is a fool to buy this share for that reason.

As Value correctly said they got rid of a stucked property from which they got a good amount of cash.That cash pile can add one time EPS of 6.75 per share for the next quarter.

CSD doesn't have a big debt.They can invest the amount and/or pay off a good dividend.

All depend on the way they utilized that money.


thanks PATHFINDER.. :ymhug:

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Re: CSD Community

Postby NC+ » Thu Jun 01, 2017 7:30 pm

Thanks PF & BW.. :)
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Re: CSD Community

Postby Blue Whale » Thu Jun 01, 2017 7:37 pm

StockFlashSL wrote:My calculations give an EPS of 6 to be added. Can't be 0.34, no way.


solace wrote:
Blue Whale wrote:Rs0.34 will be added to this quarter EPS.


Only Rs.0.34 :-? :-?


You all have missed the point here. CSD has sold their investment property. The cost of which is in their BS. Time to time increase in value has been added to the P&L. You can check the note on investment property in the annual report.

Double entry.
Dr Investment Property
Cr P&L as the gain in value

So the increase in value is already in historical EPS as well as in reserves now.

So the difference between the carrying value of this property in the books and anything extra they got by selling it will be added to this time P&L as the realized gains. That figure is 51Mn. Dividing this gain by issued shares will give you 34 cents.

Is that clear to all of you.

And yes as Value & PF commented this 700mn+ cash will be a strength to CSD and they will at least invest it in money market to earn additional income or will invest in a development property. Knowing their history I don't expect they will distribute this cash as a dividend instead they will maintain the same DPS in future as well.

Thanks
BW :D
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Re: CSD Community

Postby StockFlashSL » Thu Jun 01, 2017 7:54 pm

Current Valuation of CSD comes to 21.5

NAVPS is 31 and PBV is 0.5. Sector PBV is 1.

Do your calculations...

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Re: CSD Community

Postby Value » Thu Jun 01, 2017 8:00 pm

Direct profit from the property sale that will be additionally generated is Rs. 51 Mn. And BW's EPS calculation is correct which is Rs. 51 Mn divided by around 148 Mn number of shares. Not sure about the tax implication on this yet.

Here what is important is the realization of Rs 730 cash in flow. The said property has had legal issues and CSD was not in a position to develop that property. So only option was to sell it for which they had been looking for a potential buyer. Now the sale has been concluded.

Now with this 730 million will act as an important asset for CSD in order to generate better profit for the shareholders. We can see the fruition in coming quarters.

For the Quarter ended 30th June 2017, we all should be able see more than 125% growth in profit and EPS. Then going forward the growth potential is high too.

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Re: CSD Community

Postby Blue Whale » Thu Jun 01, 2017 8:03 pm

That's correct Value.
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Re: CSD Community

Postby SHARK » Thu Jun 01, 2017 8:06 pm

Correct Blue for putting the record straight.
Price is what you pay. Value is what you get.”

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Re: CSD Community

Postby PATHFINDER » Thu Jun 01, 2017 8:22 pm

yes that's true what is important is cash inflow from the deal not the EPS which is a one time gain.
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Re: CSD Community

Postby Spider Man » Thu Jun 01, 2017 8:31 pm

I think it is the angle you see it. Trader tryies to capitalize whatever the chance either technical or news.
When one completely missed the opportunity he has no value of the situation.

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Re: CSD Community

Postby Value » Thu Jun 01, 2017 8:38 pm

Yes Spider. There are people who just go with the crowd.

Speculation Is sort of a gambling.

My policy is ~ Know what you are buying. No speculation.

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Re: CSD Community

Postby Blue Whale » Thu Jun 01, 2017 9:17 pm

If I add some thing more suppose they invest this 730 in financial instruments and then they can easily earn 30Mn as interest per quarter. That is close to 80 cents recurring EPS per year. Their last year EPS excluding fair value gains is around 76 cents so this income will going to double the EPS in coming years. That is a big plus factor to consider.
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