Ceylon Guardian Investment Trust PLC, the investment group of Carson Cumberbatch, recorded a profit after tax of Rs. 2.12 billion for the FY 2013/14, an encouraging performance amidst somewhat subdued market conditions the previous year. Ceylon Guardian’s above average performance was attributed to booking of profits on selected overvalued stocks, capturing market anomaly and booking substantial capital gains despite subdued market conditions.
Ceylon Guardian’s portfolio as at end March is reported to be Rs.24.2 bn. The portfolio is managed by an in house professional team attached to Guardian Fund Management Limited, a fund management company licensed by the Securities and Exchange Commission of Sri Lanka.
Although Ceylon Guardian’s total portfolio including strategic investments decreased to Rs. 24.20 bn, from Rs. 26.03 bn a year earlier, the actively managed component of the Guardian portfolio amounting to Rs.12.12.bn has grown 4.4% in comparison with the ASPI growth of4% and S&P SL20 depreciation of 0.4%. On medium term performance, five year compound annual portfolio growth rate of the actively managed portfolio was 35.8% on market value basis, vis à-vis an All Share Index growth of 29.5%.
The long term track record of Ceylon Guardian is driven by its investment philosophy of selective bottom up investing, where the focus is on stock selection and acquisition at advantageous prices to enhance returns.
The intrinsic value per share of the company is Rs. 228.70 on a market price based net asset valuation of the portfolio, since the balance sheet is now stated at market value taking into account IFRS methodology. Based on the market price at end March of Rs. 177.90, it trades at a discount of 22% from the intrinsic value.
www.dailynews.lk
Ceylon Guardian’s portfolio as at end March is reported to be Rs.24.2 bn. The portfolio is managed by an in house professional team attached to Guardian Fund Management Limited, a fund management company licensed by the Securities and Exchange Commission of Sri Lanka.
Although Ceylon Guardian’s total portfolio including strategic investments decreased to Rs. 24.20 bn, from Rs. 26.03 bn a year earlier, the actively managed component of the Guardian portfolio amounting to Rs.12.12.bn has grown 4.4% in comparison with the ASPI growth of4% and S&P SL20 depreciation of 0.4%. On medium term performance, five year compound annual portfolio growth rate of the actively managed portfolio was 35.8% on market value basis, vis à-vis an All Share Index growth of 29.5%.
The long term track record of Ceylon Guardian is driven by its investment philosophy of selective bottom up investing, where the focus is on stock selection and acquisition at advantageous prices to enhance returns.
The intrinsic value per share of the company is Rs. 228.70 on a market price based net asset valuation of the portfolio, since the balance sheet is now stated at market value taking into account IFRS methodology. Based on the market price at end March of Rs. 177.90, it trades at a discount of 22% from the intrinsic value.
www.dailynews.lk
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