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SAMPATH BANK PLC (SAMP.N0000)

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201SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Oct 15, 2017 5:44 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@thankrishan
Can you please present the computations done for SAMP possible share price after rights issue happened.
This is for our knowledge base only. Thanks

202SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 16, 2017 6:25 am

samcader


Manager - Equity Analytics
Manager - Equity Analytics

6   SHARES   @   350  PLUS  I  SHARE  @  245   equals  Rs   2345?-  divided  by  7  equals  335/-

203SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 16, 2017 9:21 am

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

samcader wrote:6   SHARES   @   350  PLUS  I  SHARE  @  245   equals  Rs   2345?-  divided  by  7  equals  335/-

Yes  Very Happy

204SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 16, 2017 11:10 am

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rusi Captain 
Don't forget the name Very Happy

205SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Oct 16, 2017 11:43 am

niru


Manager - Equity Analytics
Manager - Equity Analytics

with the buy transaction cost your ex-rights average will be 338.36

PriceQtyNettEX-Price
      350.00                 6        2,123.52
      245.00                 1            245.00
                7        2,368.52      338.36

206SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty SAMPATH BANK PLC (SAMP.N0000) Tue Nov 07, 2017 8:03 am

Namal


Senior Equity Analytic
Senior Equity Analytic

Trading of Rights commences from today.. Is it worth to buy rights...? IF YES, WHAT IS THE PRICE RANGE..?

207SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu Dec 28, 2017 10:29 pm

EquityChamp

EquityChamp
Moderator
Moderator

Had seen massive activities with pre as well as post rights issue. Many investors have gained interest on this particular financial sector stock.

208SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Apr 08, 2018 10:00 pm

EquityChamp

EquityChamp
Moderator
Moderator

EquityChamp wrote:Sampath bank is still not moved after the XD and scrip dividend. The ASPI however in a strong mission. keep Sampath in your mind that it is a stock with long overdue upward movement. Once people realize it then the burst will be like a volcano.
So after one year time the volcano eruption is happening.  Basketball

209SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 09, 2018 2:29 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:
EquityChamp wrote:Sampath bank is still not moved after the XD and scrip dividend. The ASPI however in a strong mission. keep Sampath in your mind that it is a stock with long overdue upward movement. Once people realize it then the burst will be like a volcano.
So after one year time the volcano eruption is happening.  Basketball

Yes it certainly did, due to it’s performance and definitely not due to any manipulation or undue speculation.

SAMP compounded annual growth rates (CAGR) for the last 5 years (2012 to 2017) for Income, Net Profit after tax, Earnings per Share, Net Asset value per share, Dividend per share are as follows

Income - 20%
NP - 19%
EPS - 15%
NAVPS - 15%
DPS - 7%

The past 5 year CAGR growth rates are excellent except for DPS which is below 10%

2017 Return On Equity (ROE) is also at an attractive rate of 23%

So all in all it is a share which had given a fair return to the shareholders during the last few years even under sluggish stock market conditions, when most stocks are reeling under.

210SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Apr 10, 2018 11:18 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If an investor bought Sampath Bank in 2012 @ the highest traded price @ 216/- and sold without taking rights in 2017 4Q @ the lowest traded price of 305/-, he or she woulld have earned a Compounded Annual Return of 11% after accounting for scrip and cash dividends. So even if he bought at the highest price and sold at the lowest price still would have earned a decent compounded annual return

Sampath traded lowest @ 184/- in 2012 and if the investor BOUGHT it @ a median price of 200/- and sold at 330/- (highest traded 352/20) without taking rights in 2017 4Q, would have earned a Compounded Annual Return of 15% after accounting for scrip and cash dividends over the years.

This level of growth becomes significant as 2012, 2013 we saw a struggling market and from 2015 we have seen a sluggish lackluster share market to date.

Ideally the investor with a further medium to long term view, would have taken rights @ 245/- and subsequent rights as well @250/- and take the 2018 scrip dividend.

p.s. some one pls do not hesitate to correct me if my workings are inaccurate.

211SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Apr 10, 2018 3:34 pm

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Some People are there who have unrealized profit of 50%   Very Happy Very Happy Very Happy Very Happy

212SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Apr 10, 2018 5:03 pm

EquityChamp

EquityChamp
Moderator
Moderator

wiser wrote:Some People are there who have unrealized profit of 50%   Very Happy Very Happy Very Happy Very Happy
Yes I can see you Very Happy Cool Basketball

213SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 11, 2018 7:11 am

EquityChamp

EquityChamp
Moderator
Moderator

Sampath Bank has got billions of new cash from their last two rights issue.  Imagine how much money they can earn from it during the years to come. Certainly we can see exponential growth in earnings.

214SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 11, 2018 7:19 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:Sampath Bank has got billions of new cash from their last two rights issue.  Imagine how much money they can earn from it during the years to come. Certainly we can see exponential growth in earnings.
Hope it won't be lining up some fraudster's pockets.
Some good companies have gone astray because of frauds and greed.

215SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 11, 2018 12:07 pm

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:
wiser wrote:Some People are there who have unrealized profit of 50%   Very Happy Very Happy Very Happy Very Happy
Yes I can see you Very Happy Cool Basketball
Very Happy Very Happy Very Happy Very Happy Laughing Laughing Laughing

216SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 11, 2018 12:38 pm

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

wiser wrote:Some People are there who have unrealized profit of 50%   Very Happy Very Happy Very Happy Very Happy
What will be the cash dividends for this year?

217SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 11, 2018 5:31 pm

EquityChamp

EquityChamp
Moderator
Moderator

Sampath Bank once again moving past 300/- mark. If it hit 310/- when the rights are allocated to individual shareholders then it can stay ahead 300/- even if rights holders sell out.

218SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Thu Apr 19, 2018 12:01 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Any news on the allocation of right issue

219SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun Apr 22, 2018 1:52 pm

geeshanpradeep


Stock Analytic
Stock Analytic

Top Trader wrote:Any news on the allocation of right issue
Sampath Right Shares to be listed tomorrow..what will be the bottom trading price ...any expert idea?

220SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 5:58 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Target price is Rs 350.00 within 3 months

221SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 9:09 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sampath follows 2017 practice in allotting additional shares in 2018 rights issue
Applicants get up to 2,100 shares plus very small percentage of balance sought
April 21, 2018, 6:57 pm 

Sampath Bank’s rights issue of approx. 50.13 million shares allotted in the proportion of three for 13 shares held at a price of Rs. 250 per share has been fully subscribed with applications for additional shares comfortably absorbing the lag of unsubscribed shares.

"Refund cheques for additional share applications that could not be accommodated were sent out last week," a broker said. "Each applicant for additional shares was allotted up to a maximum of 2,100 shares and a very small percentage of the balance."

Analysts noted that with large applications for additional shares over and above entitlements coming in from many shareholders, the bank which followed the scheme of allotment utilized in the rights issue in November last year could not allot as many shares per applicant as last time.

"While up to 9,000 shares per applicant for additional were accommodated last time, this time it was possible only to allot up to a maximum of 2,100 shares plus a very small percentage of the balance," an analyst said.

Over and above the ceiling of 2,100 a small fraction of the balance sought was granted. "I got 36 shares on that account after applying for 10,000," one subscriber said.

"Given the gap between the issue price and the trading price, subscribers did very well," the analyst said.

The previous Rights Issue 2017 saw Sampath raising Rs. 7.6 billion new equity (zero cost capital) by the issue of approx. 31 million new shares, priced at Rs. 245 each, in the proportion of one new share for every six held.

This year’s rights issue saw the allotment of 50.13 million (approx) new shares issued at Rs. 250 a share on the proportion of three for 13 held to be listed on April 23.

Sampath also announced its scrip dividend dates to the CSE last week. The date of entitlement will be Apr. 26 and the share will trade XD from Apr. 27. The scrip dividend will be one new share for (approx) 19.728 shares held on April 26 trading XD from April 27.

The Sampath share traded above Rs. 300 on the CSE in recent days with Friday’s price ranging between Rs. 305.10 and Rs. 308.

222SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 6:55 pm

EquityChamp

EquityChamp
Moderator
Moderator

No second words on Sampath Bank stock. Absolutely brilliant investment.

223SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Mon Apr 23, 2018 6:55 pm

EquityChamp

EquityChamp
Moderator
Moderator

No second words on Sampath Bank stock. Absolutely brilliant investment.

224SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Tue Apr 24, 2018 7:33 pm

EquityChamp

EquityChamp
Moderator
Moderator

Really putting giant strides forward.looks solid to reach 500 in two years time.

225SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Wed Apr 25, 2018 9:08 am

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:No second words on Sampath Bank stock. Absolutely brilliant investment.
Absolutely. A fundamentally strong company which has given medium to long term investors an annual rate of return on their investment over and above Bank FD rates and it's share price has gone up and outperformed the performance of CSE ASPI by a big margin as explained below.
31/12/201731/12/2012ASPI 5 Year Annual Average
        Growth Rate
ASPI6369.265643        very poor 2.6%
Scenario 1
If I BOUGHT SAMP @ the highest share price of Rs. 216/00 in 4q 2012 and Decides Not to buy Rights and Sell @ Lowest price of Rs.  305/-in 4Q 2017 my investment would have earned a compounded annual rate of return of 11% during this 5 year period despite buying at the highest price and selling at the lowest price

Scenario 2
2. If I BOUGHT SAMP @ the average(median) share price of Rs. 200/50 in 4q 2012 and Decides Not to buy Rights and Sell @ Lowest price of Rs.  330/-in 4Q 2017 my investment would have earned a handsome compounded annual rate of return of 15% during this 5 year period. This is both buying and selling at average prices

Note:- Cash and scrip dividends have been accounted for

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sampath Bank achieved a post-tax profit of Rs. 3.3 bn for the quarter ended March 31, 2018, a 41.4% growth in comparison to the profit after tax (PAT) of Rs. 2.3 Bn recorded in 1Q 2017. The results stem from higher profit before tax (PBT), which grew by 39.6% YoY to reach Rs 4.9 bn in 1Q 2018. Meanwhile, the Sampath Group, which includes the Bank and four fully owned subsidiary companies also posted a strong performance for the quarter, with PBT and PAT growing by 39.3% and 41.1% respectively compared to 1Q2017, the bank said in a statement.
The Bank achieved a substantial growth in all key business pillars during the quarter under review.
These results were achieved under the guidance of Chairman Channa Palansuriya and Managing Director, Nanda Fernando.
Fund based income (FBI)
Net Interest Income (NII), which is the main source of income representing more than 70% of the Bank’s total operating income, recorded an increase of Rs 2.0Bn (31.0%) during 1Q2018 in comparison to 1Q 2017. Accordingly, the Bank recorded NII of Rs8.3Bnin 1Q 2018, as against Rs6.3Bn recorded for the corresponding period in 2017.
The above achievement was made possible by the robust growth recorded in the deposit and advances bases coupled with timely re-pricing of asset and liability products and other fund management strategies adopted by the Bank.The Bank’s deposit base recorded a 3.6% (annualized 14%) growth while net advances increased by 7.4%(annualized 30%).
Net fee and commission income, which largely comprises of credit, trade, card and electronic channel related fees increased to Rs 2.3 Bn in the quarter under review, as opposed to Rs 1.9Bn recorded in the corresponding period of2017.
This is a notable YoY growth of 18.7%, which is attributed to the strong credit appetite, as well as efforts made by the Bank to expand the credit card operations and a strong market uptake for innovative value additions offered through electronic channels.
Other operating income was up by64.2%from Rs 0.8 bn reported in 1Q 2017 to Rs 1.3 bn in 1Q 2018.Higher dividend income from subsidiaries and the increase in realized exchange income could be identified as the main contributory factors for the increase in operating income.
The Bank’s operating expenses, which amounted to Rs. 3.9 bn in 1Q 2017, increased to Rs 4.7 bn during the period under review, reflecting a YoY increase of 18.3%.
Higher personnel expenses triggered by salary increments and an increase in other operating expenses driven by business expansion together with inflation-led general price hikes were the main reasons for the aforesaid cost escalation. Despite higher costs,the cost-to-income ratio excluding VAT and NBT on financial services, improved to 39.5% in 1Q2018from 43.7% in 1Q2017, an improvement of420 basis points. This is seen as a significant achievement particularly in view of the fact that Sampath Bank has one of the youngest branch networks compared to its closest competitors.
Impairment charge of Rs1.1 bn recorded in 1Q2018 showed an increase of Rs0.5Bn over the comparative period’s charge of Rs0.6Bn. This was predominantly due to Rs 377.5 Mn increase in collective impairment charges.
The increase in collective impairment was the result of the 7.4% credit growth recorded for 1Q 2018 as well as a marginal increase in NPA ratio from 1.64% in December 2017 to 1.95% in March 2018.
However, the Bank’s NPA ratio as at 31st March 2018 remained well below the industry average of 3%and of its closest competitors.
Sampath Bank’s total asset base grew by 6.5% (annualized 26%) in 1Q 2018to reach Rs 846 bn as at 31st March 2018.
The total asset position as at 31st December 2017stood at Rs 795 Bn. Gross loans and receivables from other customers grew by 7.5% (annualized 30%) during the period and moved up to Rs 612 bn as at March 31, 2018 (up by Rs 43 bn from the position reported as at 31st December 2017).
Total deposit base too increased by Rs 23Bn, recording a growth of 3.6% (annualized 14%) during this period to touch Rs 653 bn as at the reporting date.
The CASA ratio as at 31st March 2018 stood at 34.6%,recording a marginal decrease compared to the figure reported as at 31st December 2017 (34.9%).
ROE (after tax) declined from 23.35% as at 31st December 2017 to 20.81% as at 31st March 2018 due to increase in average equity base resulting from the Rights Issue done in November 2017. ROA (before tax) however improved to 2.41% as at end of 1Q 2018 in comparison to 2.29% reported as atend of 2017.Nevertheless, both ROE and ROA ratios showed an improvementas at 31st March 2018 when compared with the position reported as at 31st March 2017.
Meanwhile, the Basic Earnings per shareof Rs 13.92 for 1Q 2018 was a substantial improvement from theRs10.98recorded for the corresponding period in the previous year. This was an impressive YoY growth of 26.8%.The Bank was able to maintain its Statutory Liquid Asset Ratio (SLAR) well above the mandatory requirement of 20% throughout the period, with the SLARof 21.18% as at 31stMarch 2018.
CBSL introduced Basel III to the Sri Lankan Banking industry with effect from 1stJuly 2017. Accordingly, the full implementation is expected to take place in three phases over a period of 18 months and is targeted to be completed by 1stJanuary 2019, at which point Sampath Bank would need to maintain its Tier I Capital Adequacy Ratio (CAR) at 10% and Total CAR at 14%.
In order to fall in line with these new regulatory capital requirements, Sampath Bank raised Rs 12.5 bn worth of Tier I Capital by way of a Rights Issue in April 2018 and Rs 7.5 bn worth of Tier II Capital by way of a Basel III Compliant Debenture Issue in March 2018.
The Bank’s Common Equity Tier I Capital, Tier I Capital and Total Capital Adequacy ratios as at 31stMarch 2018 stood at 9.48%, 9.48% and 14.42% levels respectively, all well above the minimum regulatory requirement of 7.375%, 8.875% and 12.875% respectively, applicable as at the reporting date. 

227SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Sun May 06, 2018 7:55 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Rs 14.16 x 4 = 56.56

56.56 x 7  = Rs 395.92

Target price is above Rs 400.00

228SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty SAMP STRUGLLING Fri Mar 01, 2019 10:13 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Right issue(136 share price) sick brought down SAMP prices 230 to 194..... Mad Mad Mad

229SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 10:29 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yahapalanaya wrote:Right issue(136 share price) sick brought down SAMP prices 230 to 194..... Mad Mad Mad
CSE dont like right issues?

230SAMPATH BANK PLC (SAMP.N0000) - Page 9 Empty Re: SAMPATH BANK PLC (SAMP.N0000) Fri Mar 01, 2019 1:49 pm

Chanaka303


Equity Analytic
Equity Analytic

150 possible ????

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