SEYB Right issue

Meta Trader · 51 Re: SEYB Right issue Thu Mar 03, 2011 10:50 am

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xmart wrote:will it drop further...??? 40- is a dream price... 41+ is not bad at all..

some time Dreams come true. Twisted Evil

the problem is non voting shares. Shocked

Percentage of Public Holdings as at 31St december 2010

Voting Shares - 45.84 %
Non voting - 99.99%

Monster · 52 Re: SEYB Right issue Thu Mar 03, 2011 11:11 am

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I am collecting at this level and will superscribe for right issues and going to keep it for long term. It may go down further. Even I am happy to collect at this level. Smile

Slstock · 53 Re: SEYB Right issue Thu Mar 03, 2011 11:19 am

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Monster wrote:I am collecting at this level and will superscribe for right issues and going to keep it for long term. It may go down further. Even I am happy to collect at this level.

Monster,
I also no idea where this market heading with panic sellers. I am at a loss of 20% of SEYB.x as i have shares.

But yes at this rate it is more than attractive this price. Not sure whether it'' go down further.

chamith · 54 Re: SEYB Right issue Thu Mar 03, 2011 11:26 am

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wht do u guys think? will the prices go down tomorrow also?
This makes the share look more attractive,,,
Well i decided to collect and avg my cost.

IF the prices go down more thn right issue prices wont be as discounted as it seems like,,,,

Slstock · 55 Re: SEYB Right issue Thu Mar 03, 2011 11:33 am

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chamith wrote:wht do u guys think? will the prices go down tomorrow also?
This makes the share look more attractive,,,
Well i decided to collect and avg my cost.

IF the prices go down more thn right issue prices wont be as discounted as it seems like,,,,

The market has been dropping for past few days. SEYB right announcement came at a bad timing. So the drop was with th trend. WHo know if the market bounces back a bit tomorrow it might go up a again. We have to identify the consilidation point.
Bit too early to do that yet as today is bloody.

StocksWatch · 56 Re: SEYB Right issue Thu Mar 03, 2011 12:57 pm

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Selling pressure is mounting on NV shares.

xmart · 57 Re: SEYB Right issue Thu Mar 03, 2011 1:31 pm

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StocksWatch wrote:Selling pressure is mounting on NV shares.

no one would sell X at 40. but look at huge orders are coming at 40. i think it is margin clearance.

glwking · 58 Re: SEYB Right issue Fri Mar 04, 2011 12:27 pm

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I am a small investor. I purchased 2000 shares @49 in January this year. Then I purchased another 3000 shares at 41/-. Guys, what do think? I have holding power. Do you think I have made a bad decision?

Slstock · 59 Re: SEYB Right issue Fri Mar 04, 2011 12:30 pm

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glwking wrote:I am a small investor. I purchased 2000 shares @49 in January this year. Then I purchased another 3000 shares at 41/-. Guys, what do think? I have holding power. Do you think I have made a bad decision?

If you are a medium to long term investor you have not made any bad decision

chamith · 60 Re: SEYB Right issue Tue Mar 08, 2011 5:31 am

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Guys whats happening with SEYB? I managed to avg my cost to 42.90 LKR. Thats the best i could do at this time. What about you guys? Day by day R is becoming non attractive... 35LKR is not a huge discount when thinking about the current state of the N price.

tubal · 61 Re: SEYB Right issue Tue Mar 08, 2011 5:39 am

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chamith wrote:Guys whats happening with SEYB? I managed to avg my cost to 42.90 LKR. Thats the best i could do at this time. What about you guys? Day by day R is becoming non attractive... 35LKR is not a huge discount when thinking about the current state of the N price.

It's becoming a bit of a worry. I also bought in at 40 thinking the price is attractive, but it does look like this will become another LITE, OSEA or CRL

chamith · 62 Re: SEYB Right issue Tue Mar 08, 2011 5:49 am

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What i cant understand is if they wanted some cash in, why should they pay a dividend. Its like giving 1LKR n asking 11.60LKR back.

Max · 63 Re: SEYB Right issue Tue Mar 08, 2011 8:47 am

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With the oncoming dividend at end of march, a person who buys at seyb.x at Rs.40 has even an option to forgo the rights, and let it expire or even sell it cheap. he can then wait for share price to pickup, because the dilution would make the share price to be around 42.50 from 45 ( If all rights are subscribed, which I am not sure will happen)when it was announced. A person with holding power has much to gain.

I dont know if my observation is correct. Experts please feel free to correct me.

dhamm · 64 Re: SEYB Right issue Tue Mar 08, 2011 8:48 am

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For the right issue to be successful, both N and X should go up close to the XR date. If that is not happened, SEYB will fail. I don't think the bank will fail and so somehow shares has to go up.

limestone · 65 Re: SEYB Right issue Tue Mar 08, 2011 8:55 am

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Max wrote:With the oncoming dividend at end of march, a person who buys at seyb.x at Rs.40 has even an option to forgo the rights, and let it expire or even sell it cheap. he can then wait for share price to pickup, because the dilution would make the share price to be around 42.50 from 45 ( If all rights are subscribed, which I am not sure will happen)when it was announced. A person with holding power has much to gain.

I dont know if my observation is correct. Experts please feel free to correct me.

can we sell Rights ? I dont think so . I think only Warrents can be sold not rights . correct me if I am wrong

tubal · 66 Re: SEYB Right issue Tue Mar 08, 2011 9:20 am

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limestone wrote:

Max wrote:With the oncoming dividend at end of march, a person who buys at seyb.x at Rs.40 has even an option to forgo the rights, and let it expire or even sell it cheap. he can then wait for share price to pickup, because the dilution would make the share price to be around 42.50 from 45 ( If all rights are subscribed, which I am not sure will happen)when it was announced. A person with holding power has much to gain.

I dont know if my observation is correct. Experts please feel free to correct me.

can we sell Rights ? I dont think so . I think only Warrents can be sold not rights . correct me if I am wrong

You can sell rights. There are two interesting discussions happening right now about WAPO and MARA rights.

Slstock · 67 Re: SEYB Right issue Tue Mar 08, 2011 9:20 am

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limestone wrote:

Max wrote:With the oncoming dividend at end of march, a person who buys at seyb.x at Rs.40 has even an option to forgo the rights, and let it expire or even sell it cheap. he can then wait for share price to pickup, because the dilution would make the share price to be around 42.50 from 45 ( If all rights are subscribed, which I am not sure will happen)when it was announced. A person with holding power has much to gain.

I dont know if my observation is correct. Experts please feel free to correct me.

can we sell Rights ? I dont think so . I think only Warrents can be sold not rights . correct me if I am wrong

Yes you can sell your rights too once you get them listed at CSE through your broker

Slstock · 68 Re: SEYB Right issue Tue Mar 08, 2011 9:29 am

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tubal wrote:

chamith wrote:Guys whats happening with SEYB? I managed to avg my cost to 42.90 LKR. Thats the best i could do at this time. What about you guys? Day by day R is becoming non attractive... 35LKR is not a huge discount when thinking about the current state of the N price.

It's becoming a bit of a worry. I also bought in at 40 thinking the price is attractive, but it does look like this will become another LITE, OSEA or CRL

Tubal

Lets not give up just yet mate. When Union bank comes out let see the reaction on other bank shares. Also I see there are many panic sellers due to greater public holding. When these guys goes away ...Anything can happen at CSE .

I am having shares with I bought around RS 48 . I have to say this was poor timing for a Right issue. I am saying not about the RIghts issue itself but to time it when the market was down in the finance and banking sector. They could have picked a better time.

This is Bank with lot of Institutional and public interest. Lets hope for the best. Anything can ahppen at CSE.

Max · 69 Re: SEYB Right issue Tue Mar 08, 2011 9:30 am

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slstock wrote:

limestone wrote:

Max wrote:With the oncoming dividend at end of march, a person who buys at seyb.x at Rs.40 has even an option to forgo the rights, and let it expire or even sell it cheap. he can then wait for share price to pickup, because the dilution would make the share price to be around 42.50 from 45 ( If all rights are subscribed, which I am not sure will happen)when it was announced. A person with holding power has much to gain.

I dont know if my observation is correct. Experts please feel free to correct me.

can we sell Rights ? I dont think so . I think only Warrents can be sold not rights . correct me if I am wrong

Yes you can sell your rights too once you get them listed at CSE through your broker

I wonder as the seyb.x is held 100% by retailers, how many of them know that the rights can be sold? maybe most of them think they have to ultimately fork out the extra cash and they panicked....?

tubal · 70 Re: SEYB Right issue Tue Mar 08, 2011 11:05 am

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Thanks SLStock, Max for your comments. Definitely bad timing for a rights issue. I am pretty sure that the bank will somehow or other manage to get the rights subscribed to. They will probably persuade financial institutions sympathetic to their cause to take up the slack. Still it wouldn't solve our problem. I don't think the rights can be sold easily in this market.

What's interesting though is that OSEA, LITE and CRL which all had the same issue went up after the rights issue was completed. So there is no need to sell this at a loss (yet)

Monster · 71 Re: SEYB Right issue Tue Mar 08, 2011 11:32 am

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I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term. Smile

ss7097 · 72 Re: SEYB Right issue Tue Mar 08, 2011 11:41 am

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Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term.

Dear Monster,

You're correct. I also collecting SEYB.X and try to make average less and now I'm full tight with SEYB.X. No more funds to collect more. It is pitty, I couldn't grab more on this... Sad

chamith · 73 Re: SEYB Right issue Tue Mar 08, 2011 11:58 am

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Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term.

I m in the same status as you. Seyb.x is about 50% of my portfolio now....
Will prob have to pump some money to broker....

THIRU · 74 Re: SEYB Right issue Tue Mar 08, 2011 12:09 pm

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Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term.

Fully agree.. it is a gem of a shares.. Now at bargain price. Our people are so crazy to sell these kind of shares.. I will also keep.

Fresher · 75 Re: SEYB Right issue Tue Mar 08, 2011 6:23 pm

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I too hold SEYB.X and have increased it too. it was worrying to see it drop further today.
but
it has already dropped more than 20% now. This definitely is a discount. Further, look at the gap between N & X. Attractive isn't it? Smile

if you are collecting, don't do it with all your money. save enough for the rights

Monster · 76 Re: SEYB Right issue Tue Mar 08, 2011 6:36 pm

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THIRU wrote:

Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term.

Fully agree.. it is a gem of a shares.. Now at bargain price. Our people are so crazy to sell these kind of shares.. I will also keep.

"gem" is a prohibited word in this forum. Wink

Fresher · 77 Re: SEYB Right issue Tue Mar 08, 2011 7:28 pm

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Did anyone notice that SEYB.N closed at 75.90 which is only 0.90 above its rights price?

tubal · 78 Re: SEYB Right issue Tue Mar 08, 2011 7:37 pm

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npp wrote:Did anyone notice that SEYB.N closed at 75.90 which is only 0.90 above its rights price?

Thanks for highlighting something that seemed to have escaped most people's attention (or was it just mine?)

I guess all the government controlled funds in that top share holders list will be taking up the rights alloted to them. Since SEYB is a bank, the central bank is sure to use it's influence on those funds. Heck the number 2 shareholder is BoC.

But the interesting question is what some of the other shareholders, most notably the companies in the ceylinco group who are sure to be short of cash will do.

npc86 · 79 Re: SEYB Right issue Wed Mar 09, 2011 11:29 pm

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chamith wrote:

Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term.

I m in the same status as you. Seyb.x is about 50% of my portfolio now....
Will prob have to pump some money to broker....

Same here ...! Evil or Very Mad

chamith · 80 Re: SEYB Right issue Thu Mar 10, 2011 12:51 am

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I think seyb.x has found its support level. Tomorrow we may see some green...
My mom told me i have received some CD frm seylan bank.
Hope u all also got it...

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SEYB Right issue

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