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  • from time to time good shares giving many opportunities, it is for us to take it or miss it.
    "The best values today are often found in the stocks that were once hot and have since gone cold"

    Comment


    • Almost all the Staff of SAMP holds sizable no of Shares and their ESOP as well. This RI is smack on their face as no one able to recover from previous. Since Directors have decided it is high time some big shots do Director buying (AP style) at this level to boost confidence. As a SH of VONE I am also concerned as Rights after Rights DP/Vone needs to gobble and it erodes their cash holdings. Wonder what DP going to do this time. Yest there was foreign buying at 229 and today what a paper loss they have. All in all i feel this decision is too early as Bank was never in tight situ having done good Debn issue just weeks ago. Should have waited after Budget atleast for the market to grow next level. Now they have flattened almost all counters in one go and have instill fear.

      Comment


      • This is having a navigate impact on the entire market.

        Wonder the logic of the rights at the moment ?

        Comment


        • Originally posted by prasa2004 View Post
          SAMP ruined the momentum. Cannot understand why they so much after funds. SH should reject this. Adjusted price should have been 200+ but now crashed to 194. However buyes now benefit from script and Div


          they have to comply with BASEL 3 .. Next COMB (RI or Convertible debt issue to raise 10 - 15 billion capital)


          2018.12.31 Financial statements..

          SAMP tier 1 capital ratio 12.08%

          HNB tier 1 capital ratio 12.80%

          COMB tier 1 capital ratio 11.33%
          Last edited by Shadow walker; 03-01-2019, 05:00 PM.

          Comment


          • New 52 weeks low

            Rs 186


            How low this will go due to R issue
            Rs 170.......
            Live Today........
            Without compromising your ability to Live Tomorrow………

            Comment


            • Does anyone have an idea about the post rights issue price?
              If we take today's closing price (Rs.195.oo), is Rs.181.00 correct?

              Comment


              • Originally posted by prasa2004 View Post
                Almost all the Staff of SAMP holds sizable no of Shares and their ESOP as well. This RI is smack on their face as no one able to recover from previous. Since Directors have decided it is high time some big shots do Director buying (AP style) at this level to boost confidence. As a SH of VONE I am also concerned as Rights after Rights DP/Vone needs to gobble and it erodes their cash holdings. Wonder what DP going to do this time. Yest there was foreign buying at 229 and today what a paper loss they have. All in all i feel this decision is too early as Bank was never in tight situ having done good Debn issue just weeks ago. Should have waited after Budget atleast for the market to grow next level. Now they have flattened almost all counters in one go and have instill fear.
                With the news ASPI dropped to 6 year low levels. So I am happy it was before Budget but feel sorry for all who had much hope in SAMP. Hope that after Budget ASI will rise and SAMP too.......

                Comment


                • Sampath Bank announced that it is going for an Rs.12.1bn Rights Issue to boost its Tier 1 Capital to comply with Basel III requirements

                  Expect to issue 89mn ordinary voting shares in the ratio of 07 new ordinary voting share for 23 shares held at an issue price of Rs.136.0 per share (discount of 41% to share price as at 28 Feb 2019)

                  With the announcement of rights issue, SAMP share came down below the theoretical ex-rights price of Rs.209.6 (-17% to Rs.193 from previous close at the time of the report)

                  Despite the expected recovery in earnings and decent fundamentals, the proposed capital raising would act as an overhang for the share. Further, the discount for the rights issue price of Rs.136.0 is viewed too steep and share is expected to remain weak in the near term until the rights issue is finalized

                  Comment


                  • For the financial year 2018 they reported EPS around Rs 46

                    With this rights issue they will give around 7 shares for each 23 shares ; so total no of shares will increase by 30%

                    If they able to deliver same result for 2019, due to increase no of shares, EPS would be around Rs 35/36

                    If we consider PER of 4 or 5 , SP would be Rs 140/175
                    Live Today........
                    Without compromising your ability to Live Tomorrow………

                    Comment


                    • SAMP Clearly follow the downwards Elliott Wave ABCDE Pattern. Last Wave Progress on expected target on 161.9 (fibo 0.618 level). 158 to 161 rage there will be a strong support as well. keep eye on it.
                      reversal can be occur ASAP. (Analysis made on weekly chart)

                      Comment


                      • a more safe range as you suggested lishan. one need not be in a hurry right now.
                        "The best values today are often found in the stocks that were once hot and have since gone cold"

                        Comment

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