Bank & Finance Rally

thilankad · 1 Bank & Finance Rally Mon Feb 21, 2011 1:22 pm

thilankad

Manager - Equity Analytics

Posts : 289
Equity Stars : 5357
Reputation : 10
Join date : 2011-02-02

when banks & finance rally start.............?

Niggard · 2 Re: Bank & Finance Rally Mon Feb 21, 2011 1:36 pm

Niggard

Manager - Equity Analytics

Posts : 103
Equity Stars : 4977
Reputation : 11
Join date : 2011-02-02
Location : Sri Lanka

thilankad wrote:when banks & finance rally start.............?

අනේ මංද, දැංනං රැලි වැටිල තියෙන්නෙ.... බලාගෙනම ඉඳල lol!

micky · 3 Re: Bank & Finance Rally Mon Feb 21, 2011 1:56 pm

micky

Manager - Equity Analytics

Posts : 230
Equity Stars : 5122
Reputation : 18
Join date : 2011-02-04

Niggard wrote:

thilankad wrote:when banks & finance rally start.............?

අනේ මංද, දැංනං රැලි වැටිල තියෙන්නෙ.... බලාගෙනම ඉඳල

yes, when? wheres so called experts? any valid reason? Sad

Slstock · 4 Re: Bank & Finance Rally Mon Feb 21, 2011 2:08 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13363
Reputation : 1158
Join date : 2011-01-22

micky wrote:

Niggard wrote:

thilankad wrote:when banks & finance rally start.............?

අනේ මංද, දැංනං රැලි වැටිල තියෙන්නෙ.... බලාගෙනම ඉඳල

yes, when? wheres so called experts? any valid reason?

Rep to Niggard. That was funny. Yes, we all being waiting and waiting.

Micky:
am no expert but most of the bank financials are not out yet. Maybe big timers and retailers are waiting for comb,hnb,ntb,seyb.mbsl,ndb etc to report financials. Only few banks have released results yet. Retailers cannot push bank shares up by themselves as there is quantity in most of them. As soon as they do seller come in. We saw this with the mini rally 2 weeks ago on low cap bank shares which ended prematurely.

When the big timers enter these will go up. Who know they too must be waiting for financials to be out to decide.

Join the club and hang in there.
bounce

micky · 5 Re: Bank & Finance Rally Mon Feb 21, 2011 2:27 pm

micky

Manager - Equity Analytics

Posts : 230
Equity Stars : 5122
Reputation : 18
Join date : 2011-02-04

[/quote]

Rep to Niggard. That was funny. Yes, we all being waiting and waiting.

Micky:
am no expert but most of the bank financials are not out yet. Maybe big timers and retailers are waiting for comb,hnb,ntb,seyb.mbsl,ndb etc to report financials. Only few banks have released results yet. Retailers cannot push bank shares up by themselves as there is quantity in most of them. As soon as they do seller come in. We saw this with the mini rally 2 weeks ago on low cap bank shares which ended prematurely.

When the big timers enter these will go up. Who know they too must be waiting for financials to be out to decide.

Join the club and hang in there.
bounce

[/quote]

hi thank you for the reply. already in the club, hope rally hit us soon Smile

ShareShares · 6 Re: Bank & Finance Rally Mon Feb 21, 2011 2:47 pm

ShareShares

Assistant Vice President - Equity Analytics

Posts : 679
Equity Stars : 5667
Reputation : 152
Join date : 2011-02-02

To start with HNB has announced attractive dividend and subdivision.

analyst123 · 7 Re: Bank & Finance Rally Mon Feb 21, 2011 4:16 pm

analyst123

Stock Trader

Posts : 9
Equity Stars : 4841
Reputation : 4
Join date : 2011-02-11

I think a bank run will happen with the trading commencement of Union Bank.

I personally think Union Bank is an relatively overvalued IPO (based on the earnings) to the sector, & when it gets to trade over Rs. 35-40 levels, it will look a bit ridiculous with more established banks trading at lesser multiples.

So people may be interested in the true value of the sector again....

I am Hopefully waiting (& praying for good results)....

StocksWatch · 8 Re: Bank & Finance Rally Mon Feb 21, 2011 5:06 pm

StocksWatch

Assistant Vice President - Equity Analytics

Posts : 720
Equity Stars : 5809
Reputation : 186
Join date : 2011-02-12

I am keeping 43% of my PF on BFI shares...as somebody else mentioned, most of low value Banking shares are currently trading at prices that prevailed in November last year. A rally is certianly overdue.

Slstock · 9 Re: Bank & Finance Rally Mon Feb 21, 2011 5:10 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13363
Reputation : 1158
Join date : 2011-01-22

StocksWatch wrote:I am keeping 43% of my PF on BFI shares...as somebody else mentioned, most of low value Banking shares are currently trading at prices that prevailed in November last year. A rally is certianly overdue.

That somebody is me and you can see my post above in the same thread

StocksWatch · 10 Re: Bank & Finance Rally Mon Feb 21, 2011 5:27 pm

StocksWatch

Assistant Vice President - Equity Analytics

Posts : 720
Equity Stars : 5809
Reputation : 186
Join date : 2011-02-12

slstock wrote:

StocksWatch wrote:I am keeping 43% of my PF on BFI shares...as somebody else mentioned, most of low value Banking shares are currently trading at prices that prevailed in November last year. A rally is certianly overdue.

That somebody is me and you can see my post above in the same thread

Oooops sorry, yes I checked few counters after you made that statement and that is quite true. In general these low value banking shares are curretly trading at a very attractive price for those who wish to enter. I infact bought few shares in MBSL, Seyb.X today.

anu · 11 Re: Bank & Finance Rally Mon Feb 21, 2011 6:14 pm

anu

Manager - Equity Analytics

Posts : 278
Equity Stars : 5199
Reputation : 43
Join date : 2011-02-09

NTB & SEYB have declared dividends (Rs2 & 1).

NTB financials are out and it is pretty decent. This may be a trigger.

CDB also showed a lot of movement today...

Good luck