NTB - Crossing

Monster · 1 NTB - Crossing Thu Dec 01, 2011 1:09 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8377
Reputation : 279
Join date : 2011-01-22

There were 3 crossing of NTB shares and totally 22,865,356 shares has been traded today, which is around 10% of the total shares.

As of September,2011 interim report top share holder list.

John Keells Holdings PLC. 46,121,536 20.00%
Mackinnons & Keells Financial Services Limited 22,830,159 9.90%
Mr.Y.S.H.I K deleted. 22,291,456 9.67%
Central Finance Company Limited 20,715,400 8.98%

Any guess, is it an internal transfer.

Slstock · 2 Re: NTB - Crossing Thu Dec 01, 2011 1:23 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

Monster wrote:There were 3 crossing of NTB shares and totally 22,865,356 shares has been traded today, which is around 10% of the total shares.

As of September,2011 interim report top share holder list.

John Keells Holdings PLC. 46,121,536 20.00%
Mackinnons & Keells Financial Services Limited 22,830,159 9.90%
Mr.Y.S.H.I K deleted. 22,291,456 9.67%
Central Finance Company Limited 20,715,400 8.98%

Any guess, is it an internal transfer.

NTB selling is I believe to meet a regulation. Either JKH or Central Finance group have sold part of their stake to reduce holding. Maybe there will more to come by the other party.

Monster · 3 Re: NTB - Crossing Thu Dec 01, 2011 1:28 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8377
Reputation : 279
Join date : 2011-01-22

slstock, What's the regulation says,

Mr KDD P holds 29.99% of PABC shares. scratch

hariesha · 4 Re: NTB - Crossing Thu Dec 01, 2011 1:32 pm

hariesha

Vice President - Equity Analytics

Posts : 1058
Equity Stars : 7478
Reputation : 34
Join date : 2011-03-14

NTB seller have to be Mackinnons. Last week JKH announced that they will reduced their stake to 15%. Even deleted have to shed PABC in the near future.

Slstock · 5 Re: NTB - Crossing Thu Dec 01, 2011 1:55 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

Monster wrote:slstock, What's the regulation says,

Mr KDD P holds 29.99% of PABC shares.

If I am not mistaken , a single party cannot hold more than 15% of a commercial bank. This is the same rule why DFCC disposed COMB last year.

So I am presuming if JKH sold , Central Finance also will have to sell at some point.

For KDD, he might have to do something about PABC also.

Quibit · 6 Re: NTB - Crossing Thu Dec 01, 2011 1:56 pm

Quibit

Senior Vice President - Equity Analytics

Posts : 2675
Equity Stars : 11501
Reputation : 380
Join date : 2010-05-08

Indra sold the shares.. Buyer is still unknown. Probably Harry J

Slstock · 7 Re: NTB - Crossing Thu Dec 01, 2011 2:10 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

Quibit wrote:Indra sold the shares.. Buyer is still unknown. Probably Harry J

Indra held 22,291,456 shares

But what was sold what more.

13:01:00 57.80 500,000
12:59:10 57.80 2,169,314
12:54:39 57.80 20,196,042

If it is the case, maybe he held a bit more under another account not showing on top 20 list?

Anyway what about JKH and Central Fin holding more than 15%. Has the regulation changed?

Quibit · 8 Re: NTB - Crossing Thu Dec 01, 2011 2:13 pm

Quibit

Senior Vice President - Equity Analytics

Posts : 2675
Equity Stars : 11501
Reputation : 380
Join date : 2010-05-08

It was bought by DFCC

cse.alpha · 9 Re: NTB - Crossing Thu Dec 01, 2011 2:18 pm

cse.alpha

Senior Manager - Equity Analytics

Posts : 336
Equity Stars : 5615
Reputation : 112
Join date : 2011-01-28

brokers are confirming that Indra deleted sold and that DFCC bought the NTB block today

Did you notice that the Government through EPF, SL Insurance Corporation, Bank of Celyon etc do not have very big stakes in NTB ? That has to be a rarity among the local banks now Wink

Slstock · 10 Re: NTB - Crossing Thu Dec 01, 2011 2:39 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

If DFCC bought NTB it might not be a bad strategic move. With branch expansions and SME funding, NTB might be a good long term play.

Also next year at least another 50-60 Million in pcoket money for DFCC as dividend income from NTB.

Slstock · 11 Re: NTB - Crossing Thu Dec 01, 2011 2:42 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

cse.alpha wrote:brokers are confirming that Indra deleted sold and that DFCC bought the NTB block today

Did you notice that the Government through EPF, SL Insurance Corporation, Bank of Celyon etc do not have very big stakes in NTB ? That has to be a rarity among the local banks now

Yes interestingly right. Any clues why in your line of thought?

Monster · 12 Re: NTB - Crossing Thu Dec 01, 2011 2:43 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8377
Reputation : 279
Join date : 2011-01-22

slstock wrote:
If DFCC bought NTB it might not be a bad strategic move. With branch expansions and SME funding, NTB might be a good long term play.

Also next year at least another 50-60 Million in pcoket money for DFCC as dividend income from NTB.

This is an excellent price DFCC got for NTB. An excellent investment for long term investors.

Quibit · 13 Re: NTB - Crossing Thu Dec 01, 2011 2:49 pm

Quibit

Senior Vice President - Equity Analytics

Posts : 2675
Equity Stars : 11501
Reputation : 380
Join date : 2010-05-08

NDB strategy to takeover NTB Bank seems to have been implemented by DFCC. It is interesting to watch how NDB react now.

Slstock · 14 Re: NTB - Crossing Thu Dec 01, 2011 2:50 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

Monster wrote:

slstock wrote:
If DFCC bought NTB it might not be a bad strategic move. With branch expansions and SME funding, NTB might be a good long term play.

Also next year at least another 50-60 Million in pcoket money for DFCC as dividend income from NTB.

This is an excellent price DFCC got for NTB. An excellent investment for long term investors.

I am upholding my faith in DFCC management. Strong , slow and steady company.

hariesha · 15 Re: NTB - Crossing Thu Dec 01, 2011 2:55 pm

hariesha

Vice President - Equity Analytics

Posts : 1058
Equity Stars : 7478
Reputation : 34
Join date : 2011-03-14

NTB seller have to be Mackinnons. Last week JKH announced that they will reduced their stake to 15%. Even deleted have to shed PABC in the near future.

Papillons · 16 Re: NTB - Crossing Thu Dec 01, 2011 2:56 pm

Papillons

Stock Analytic

Posts : 15
Equity Stars : 4773
Reputation : 0
Join date : 2011-11-16
Age : 39
Location : Colombo

@Monster, The seller would be either CFIN of Mr.Y.S.H.I K Silva. most probably it should be Mr.Y.S.H.I K Silva.
If the buyer is DFCC as stated above, yes that is a good strategic investment.

Slstock · 17 Re: NTB - Crossing Thu Dec 01, 2011 3:28 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13569
Reputation : 1158
Join date : 2011-01-22

Yes DFCC bought NTB as per below article

http://forum.srilankaequity.com/t13399-dfcc-bank-buys-stake-in-nations-trust-bank

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

NTB - Crossing

1 NTB - Crossing Thu Dec 01, 2011 1:09 pm

Monster

2 Re: NTB - Crossing Thu Dec 01, 2011 1:23 pm

Slstock

3 Re: NTB - Crossing Thu Dec 01, 2011 1:28 pm

Monster

4 Re: NTB - Crossing Thu Dec 01, 2011 1:32 pm

hariesha

5 Re: NTB - Crossing Thu Dec 01, 2011 1:55 pm

Slstock

6 Re: NTB - Crossing Thu Dec 01, 2011 1:56 pm

Quibit

7 Re: NTB - Crossing Thu Dec 01, 2011 2:10 pm

Slstock

8 Re: NTB - Crossing Thu Dec 01, 2011 2:13 pm

Quibit

9 Re: NTB - Crossing Thu Dec 01, 2011 2:18 pm

cse.alpha

10 Re: NTB - Crossing Thu Dec 01, 2011 2:39 pm

Slstock

11 Re: NTB - Crossing Thu Dec 01, 2011 2:42 pm

Slstock

12 Re: NTB - Crossing Thu Dec 01, 2011 2:43 pm

Monster

13 Re: NTB - Crossing Thu Dec 01, 2011 2:49 pm

Quibit

14 Re: NTB - Crossing Thu Dec 01, 2011 2:50 pm

Slstock

15 Re: NTB - Crossing Thu Dec 01, 2011 2:55 pm

hariesha

16 Re: NTB - Crossing Thu Dec 01, 2011 2:56 pm

Papillons

17 Re: NTB - Crossing Thu Dec 01, 2011 3:28 pm

Slstock

18 Re: NTB - Crossing

Sponsored content

New topics