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  • Originally posted by SHARK View Post
    Will SAMP be a Double Bottom Reversal.
    Hopefully...but a political new can spoil entire mode...other also may follow the market leader in coming days..if this broke 280...so will have a party..those who use the opportunity at both bottoms may be closely monitoring the counter and intra day charts...some brokers say foreign selling is over ! EPF/ETF may need to justify that they do not have any losses by investing in CSE to re enter...so this this their biggest evident...lets c what will happen in coming days...Selling or Holding may depend on the how JKH and SAMP going to behave....

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    • ASPI now closer to 6000. So some momentum trying to establish. Budget could be good as well. more loan programmes for migrant workers and 3 wheel owners. i really like the loan programme for the 3 wheelers to upgrade to a mini car. the concessionary loan is very good move.
      "The best values today are often found in the stocks that were once hot and have since gone cold"

      Comment


      • Trying hard to settle above Rs140.

        Comment


        • We have previous candle vick testing 247. can we move beyond 247 this time majestically.
          "The best values today are often found in the stocks that were once hot and have since gone cold"

          Comment


          • Originally posted by SHARK View Post
            We have previous candle vick testing 247. can we move beyond 247 this time majestically.
            Hey I saw a SHOOTING STAR - It is exactly look like a inverted hammer !

            Comment


              • Sunday, February 10, 2019
              Business Times

              Sampath to sell its broking arm

              View(s): 389

              Sampath Bank is negotiating with a certain party to sell its stockbroking entity, SC Securities (Pvt) Ltd, according to sources close to the deal. They said that in this deal, Sampath Bank will be selling the broking licence which is valued at Rs. 150 million. SC Securities is a licensed member of the Colombo Stock Exchange (CSE) and according to sources; a trading member of the CSE is buying the company. There’s a difference between a member and a trading member of the CSE.

              Members are those who started the CSE and they have the right to vote. In the event of CSE’s demutualisation (the process through which a member-owned company becomes shareholder-owned and made into a public limited company) the members will receive 5 per cent of CSE shares. Trading members aren’t entitled to any of this. There are 15 CSE members and 11 trading members.

              In the event the trading member buys SC Securities, its trading licence will cease and the entity will become a full member. Sampath is selling the company as it hasn’t made profits in the past several years. (DEC)


              http://www.sundaytimes.lk/190210/bus...rm-334772.html

              Comment


              • Originally posted by Fair Investor View Post
                • Sunday, February 10, 2019
                Business Times

                Sampath to sell its broking arm

                View(s): 389

                Sampath Bank is negotiating with a certain party to sell its stockbroking entity, SC Securities (Pvt) Ltd, according to sources close to the deal. They said that in this deal, Sampath Bank will be selling the broking licence which is valued at Rs. 150 million. SC Securities is a licensed member of the Colombo Stock Exchange (CSE) and according to sources; a trading member of the CSE is buying the company. There’s a difference between a member and a trading member of the CSE.

                Members are those who started the CSE and they have the right to vote. In the event of CSE’s demutualisation (the process through which a member-owned company becomes shareholder-owned and made into a public limited company) the members will receive 5 per cent of CSE shares. Trading members aren’t entitled to any of this. There are 15 CSE members and 11 trading members.

                In the event the trading member buys SC Securities, its trading licence will cease and the entity will become a full member. Sampath is selling the company as it hasn’t made profits in the past several years. (DEC)


                http://www.sundaytimes.lk/190210/bus...rm-334772.html
                Is it wise decision ???

                Comment


                • My question is when will be the demutualisation going to take place!
                  This is the most important thing, than anything else for me if anyone wants to see ASPI 10K+
                  As indicated in the article clearly, they doing it because no profits.
                  "The best values today are often found in the stocks that were once hot and have since gone cold"

                  Comment


                  • 220 to 240, can it go to the next level, preferably 260
                    "The best values today are often found in the stocks that were once hot and have since gone cold"

                    Comment


                    • https://cdn.cse.lk/cmt/upload_cse_an...549883199_.pdf
                      Live Today........
                      Without compromising your ability to Live Tomorrow………

                      Comment


                      • Sri Lanka's Sampath Bank profits down amid loan losses

                        Feb 15, 2019

                        Sri Lanka's Sampath Bank said its net profits for the December 2018 quarter fell 31.8 percent to 2.7 billion rupees from a year earlier amid a steep write-down of bad loans.

                        The firm's earnings per share for the quarter were 9.88 rupees, interim financials released at the Colombo Stock Exchange said. Net profits for the 2018 year fell 0.6 percent to 12.6 billion rupees with earnings per share of 46.85 rupees.

                        Sampath Bank's share was trading at 238 rupees, Friday.

                        Interest income for the December 2018 quarter grew 20.7 percent to 28 billion rupees from 2017, while interest expenses grew 11.9 percent to 16.4 billion rupees and gross interest income grew 35.5 percent to 11.6 billion rupees.

                        Other operating income was up 306.2 percent to 2.8 billion rupees.
                        The firm's loan book grew 15.3 percent from a year earlier to 675.9 billion rupees at end-December.

                        A change in accounting standards saw provisions for bad loans in the quarter grow to 4.2 billion rupees from 370.5 million rupees a year earlier.
                        "The bank’s loan growth slowed down during the year predominantly due to low credit demand," a statement said.

                        Over the year to December, group gross loans grew from 595 billion rupees to 697 billion rupees and non-performing loans grew from 9.3 billion rupees to 21 billion rupees.
                        Bad loans as a portion of total loans grew to 3.69 percent from 1.64 percent a year earlier.

                        The bank said weak economic conditions resulted in falling credit quality.
                        The Central Bank printed money in April to cut rates, just as the credit system recovered from a 2015/2016 balance of payments crisis, triggering another run on the rupee.
                        The Central Bank is targeting inflation (cutting rates saying inflation was low) despite having mutliple convertibility undertakings (a peg), with predictable results.

                        Deposits grew 10.2 percent from a year earlier to 699.7 billion rupees.
                        Sampath Bank's core capital adequacy ratio grew to 12.08 percent from 10.26 percent a year earlier, against a regulatory minimum of 8.875 percent with new funds being raised.
                        Total capital adequacy ratio grew to 15.73 percent from 14.41 percent against a regulatory minimum of 12.875 percent.

                        Sampath's asset base grew 15 percent to 947.8 billion rupees, while net assets per share were up 1.1 percent to 320.58 rupees.

                        https://economynext.com/Sri_Lanka_s_...-13460-17.html

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