Has a very good future since they are in to much needed housing construction field. Most importantly they cater to all the segments in the country starting from high class,middle income earners & low income earners.
Having a strong reputed construction company under the belt of Nawaloka group is an added advantage to the MHDL since the relationship they have with Nawaloka group of companies.
This is not a cyclical company & has a clear future demand for housing constructions in urban & semi urban areas.
Companies with high profit growth & high PER happens to be future growth companies..... Will see.......
Source - acuity stock brokers.
Just see KDL is trading at Rs49.90 levels with 1Q EPS of just Rs0.22 cents NAV of just Rs12.78. KDL has only few projects under its pipeline for the current FY.
However MHDL with 1Q EPS of Rs0.89 cents & NAV of Rs7.26 is still trading at Rs10.50. Just visit their annual report & see the no of projects in the pipeline.
So it's up to you to take the decision.
MACD crossed, RSI increasing with SAR gaining.
@ 10.50, it seems a good BUY for me.
“We are extremely encouraged by the success and we are actively planning for five new projects in the ‘Vertical Living’ segment as we explore avenues to unlock and create value within our portfolio,” said Millennium Housing Developers PLC Chairman Harshith Dharmadasa.
The recently reported success of MHDL was largely due to the focused exploitation of our revenue streams which includes, land sales, housing and apartments. Looking into the future, we intend to add new revenue streams such as rental income and sale of office space in strategic locations. The services will include Board Room/Meeting Room facilities and rental of equipment, said Dharmadasa.
With the successful completion of ‘The Heights Edmonton’, the company has launched its second project ‘The Heights Colombo 5’ with 64 apartment units demonstrating its vision to strategically grow its portfolio. We are pleased to announce that 75% of the apartment units are sold and the construction will commence on 1 September.
‘The Heights Colombo 5’ offers owners a higher standard of style and elegance, practical convenience, recreational and sports facilities. The complex consists of four parking floors, 11 residential floors, a roof-top swimming pool, jogging track, BBQ and recreational areas. Common areas are powered by solar energy.
Importantly, the apartment complex is strategically located within easy access to some of the city’s key suburbs and amenities such as hospitals, supermarkets and schools.
Consolidating its dominating position in the local real estate landscape, Millennium Housing recently showcased stellar 1st quarter results. For the 1st quarter ending 30 June, the company posted an all-time high Q1 revenue of Rs. 965 million with a PAT of Rs. 120 million. When compared to Q1 performance of its last financial year, the company has grown by Rs. 724 million in top line and Rs. 100 million in profit.
http://www.ft.lk/propertyconstruction/M ... 516-639797
SHARK wrote:Some are able to find the future values at a early stage ..... some find them late .... just like me
CSE notice to LDEV gave a moment to me to re-look at the this SHARE .....
Thanks for all the discussions ....
Even though SHARK has said he has no mechanism to identify early birds, when it comes to MHDL he has proven his capabilities.
SHARK has very correctly identified MHDL at the very low price levels. After SHARK & PATH mentioned this shar,e I managed to dig in to it & found that the MHDL is having a very good future.
*Company ownership has changed from CSF to Nawaloka group of companies in FY 2014.
*After that directors were increasing its positions in the company by always purchasing shares at lower price levels.
*During 2017 directors have purchased shares in excess of 1.3mn by now & during year 2016 5.0mn shares bought by the chairman of the company but notification given to the CSE on 8th Feb 2017.
*Company has now in strong hands & already surpassed the consolidating stage & now has come to the growth stage.
*Has a good/continuous dividend payment history & now the payout ratio stands above 30%.
*The company has produced best results for its history in the year 2016.
*However they have reported massive growth for the 1Q17 & the results were very closer to entire 2016 results. Most probably company will surpass 2016 performance from the 2Q17 results due for Sep 30th 2017.
*Total share capital of the company is 134.68mn shares. Out of this directors & non public owned by more than 83% of shares(This figure is on increasing trend YoY) including 32.7% ownership by its directors which is a positive thing to note.
*Public ownership in the company now stands only 15.39% as at 30/06/17.
Note to members.
* This is a solid MT/LT stock. Please refrain from purchasing MHDL on credit basis.
*This is a good investment for future.
*Disc - Holding.
*Not a buy or a sell recommendation.
*Performance of the company is given below together with the activity levels of the share during last couple of days.
Blue Whale wrote:Looks like a premature cooling off today. However a strong momentum is still out there as indicated through my chart previously published.
Without compromising your ability to Live Tomorrow………
Who is online
Users browsing this forum: Google [Bot], nuwandwo and 9 guests