wow - dividend from PABC

opfdo · 1 wow - dividend from PABC Thu Jan 12, 2012 10:04 am

opfdo

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PAN ASIA BANKING CORPORATION PLC

Company ID: - PABC

Date of Announcement: - 12.Jan.2012

Rate of Dividend: - Rs. 1.00 per share / Final Dividend

Financial Year: - 2011

AGM: - 30.Mar.2012

XD: - 02.Apr.2012

Payment: - 11.Apr.2012

Share Transfer Book Open

kaka · 2 Re: wow - dividend from PABC Thu Jan 12, 2012 10:18 am

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Ela Ela

Slstock · 3 Re: wow - dividend from PABC Thu Jan 12, 2012 10:29 am

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Dividend is attractive but am not sure whether it is the best option for PABC at this time (growing stage) to give a dividend this large. They could have invested this sum to make share holder wealth grow.
Maybe their profit are increasing. Would be good to see this quarter results too.

PGCR · 4 Re: wow - dividend from PABC Thu Jan 12, 2012 10:58 am

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FYI please

Payment: - 11.Apr.2012

smallville · 5 Re: wow - dividend from PABC Thu Jan 12, 2012 12:21 pm

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PGCR wrote:FYI please

Payment: - 11.Apr.2012

Seems like they're in short of money to give it soon Smile

aj · 6 Re: wow - dividend from PABC Thu Jan 12, 2012 2:45 pm

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PGCR wrote:FYI please

Payment: - 11.Apr.2012

Wow. April. They must be collecting one rupee coins.

Usually some seemingly good news generates first when somebody wants to send bad news consequently.

Hawk Eye · 7 Re: wow - dividend from PABC Thu Jan 12, 2012 2:57 pm

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The building at Col-03 transfered to LB Finance for 800Mn.

DP collecting PABC for the last few months, Now dividends declared.
Sometimes they may push the share bit up to get some capital gains too

Guess what he is up to

Fresher · 8 Re: wow - dividend from PABC Thu Jan 12, 2012 4:35 pm

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i thought they might go for a right issue. hmm...
will it be like SEYB?

Slstock · 9 Re: wow - dividend from PABC Thu Jan 12, 2012 4:42 pm

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npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

Think want to seek funds from abroad.

innam · 10 Re: wow - dividend from PABC Thu Jan 12, 2012 5:03 pm

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npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

There is a high likelihood that PABC might have to go for another rights. The Central requires licensed commercial banks to have capital reserves of Rs. 4 bn by 31 December 2013 and Rs. 5 bn by 31 December 2015. At sept 30th PABC only has 3.3 bn in capital (http://www.cse.lk/cmt/upload_report_file/388_1319685660134.pdf) so either they generate another 1 billion in earnings over the next 24 months or they go for a rights.
@npp may be right, PABC might be trying to pull a SEYB (give dividend from one hand and ask for a rights from the other)

sriranga · 11 Re: wow - dividend from PABC Thu Jan 12, 2012 5:10 pm

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It seems to be their cash flow is OK.
Anyway appreciate their effort to pay dividend.

wow - dividend from PABC Pabc11

cseguide · 12 Re: wow - dividend from PABC Thu Jan 12, 2012 8:36 pm

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innam wrote:

npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

There is a high likelihood that PABC might have to go for another rights. The Central requires licensed commercial banks to have capital reserves of Rs. 4 bn by 31 December 2013 and Rs. 5 bn by 31 December 2015. At sept 30th PABC only has 3.3 bn in capital (http://www.cse.lk/cmt/upload_report_file/388_1319685660134.pdf) so either they generate another 1 billion in earnings over the next 24 months or they go for a rights.
@npp may be right, PABC might be trying to pull a SEYB (give dividend from one hand and ask for a rights from the other)

thanks for the information

Light of Hope · 13 Re: wow - dividend from PABC Sat Jan 14, 2012 11:40 am

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There is a bit of selling pressure and no price appreciation after the announcement. looks like a right issue on the cards.

Light of Hope · 14 Re: wow - dividend from PABC Sun Jan 15, 2012 3:01 pm

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poor collectors, no time to dump it

Slstock · 15 Re: wow - dividend from PABC Sun Jan 15, 2012 4:05 pm

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slstock wrote:

npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

Think want to seek funds from abroad.

See below about PABC seeking 1 Billion funds from Japan to improve Tier 2. But the possibility of a further rights issue in Sri Lanka cannot be completely be ruled out.

http://www.ft.lk/2011/12/09/pabc-bank-to-raise-rs-1-b-from-japan/

innam · 16 Re: wow - dividend from PABC Sun Jan 15, 2012 4:35 pm

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slstock wrote:

slstock wrote:

npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

Think want to seek funds from abroad.

See below about PABC seeking 1 Billion funds from Japan to improve Tier 2. But the possibility of a further rights issue in Sri Lanka cannot be completely be ruled out.

http://www.ft.lk/2011/12/09/pabc-bank-to-raise-rs-1-b-from-japan/

More than tier 2 they have a problem with the core capital (which is purely shareholder equity including reserves). They need to have 4 billion by the end of 2013 (as per CBSL guidelines) they only only have 3.3 billion and they are paying out more than 200 million as dividends so something doesn't add up.

greedy · 17 Re: wow - dividend from PABC Mon Jan 16, 2012 1:43 am

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Can't PABC make one billion profit for the two financial years (2012 & 2013)? PABC has a profit of 614mn for the nine months ended 30/09/2011. Therefore, they can make the shortfall in the core capital provided the 9 months profit do not have significant one off items.

smallville · 18 Re: wow - dividend from PABC Mon Jan 16, 2012 3:07 am

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If they already have 3.3 bil, after giving a dividend of 200 Mil, its 900 Mil they have to grow in 2 years to meet the core capital dead line...

So I think its an achievable target.. MAy be that's why they started 10% on FD rates recently to attract more deposits..

Mr D Perera might be considering a right issue as the last option which again would highlight after 2012 September qtr results..

Hawk Eye · 19 Re: wow - dividend from PABC Mon Jan 16, 2012 9:10 am

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I think PABC should have done very well this Quarter

Slstock · 20 Re: wow - dividend from PABC Mon Jan 16, 2012 10:42 am

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innam wrote:

slstock wrote:

slstock wrote:

npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

Think want to seek funds from abroad.

See below about PABC seeking 1 Billion funds from Japan to improve Tier 2. But the possibility of a further rights issue in Sri Lanka cannot be completely be ruled out.

http://www.ft.lk/2011/12/09/pabc-bank-to-raise-rs-1-b-from-japan/

More than tier 2 they have a problem with the core capital (which is purely shareholder equity including reserves). They need to have 4 billion by the end of 2013 (as per CBSL guidelines) they only only have 3.3 billion and they are paying out more than 200 million as dividends so something doesn't add up.

Agreed. This is not the time for PABC to spend lavishly on comparatively large dividends. Would be interesting to see the coming report. to see we can get a clue on what/why they are upto.

Kumar · 21 Re: wow - dividend from PABC Mon Jan 23, 2012 5:30 am

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slstock wrote:

innam wrote:

slstock wrote:

slstock wrote:

npp wrote:i thought they might go for a right issue. hmm...
will it be like SEYB?

Think want to seek funds from abroad.

See below about PABC seeking 1 Billion funds from Japan to improve Tier 2. But the possibility of a further rights issue in Sri Lanka cannot be completely be ruled out.

http://www.ft.lk/2011/12/09/pabc-bank-to-raise-rs-1-b-from-japan/

More than tier 2 they have a problem with the core capital (which is purely shareholder equity including reserves). They need to have 4 billion by the end of 2013 (as per CBSL guidelines) they only only have 3.3 billion and they are paying out more than 200 million as dividends so something doesn't add up.

Agreed. This is not the time for PABC to spend lavishly on comparatively large dividends. Would be interesting to see the coming report. to see we can get a clue on what/why they are upto.

Thanks.
Congrats and best wishes.

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wow - dividend from PABC

1 wow - dividend from PABC Thu Jan 12, 2012 10:04 am

opfdo

2 Re: wow - dividend from PABC Thu Jan 12, 2012 10:18 am

kaka

3 Re: wow - dividend from PABC Thu Jan 12, 2012 10:29 am

Slstock

4 Re: wow - dividend from PABC Thu Jan 12, 2012 10:58 am

PGCR

5 Re: wow - dividend from PABC Thu Jan 12, 2012 12:21 pm

smallville

6 Re: wow - dividend from PABC Thu Jan 12, 2012 2:45 pm

aj

7 Re: wow - dividend from PABC Thu Jan 12, 2012 2:57 pm

Hawk Eye

8 Re: wow - dividend from PABC Thu Jan 12, 2012 4:35 pm

Fresher

9 Re: wow - dividend from PABC Thu Jan 12, 2012 4:42 pm

Slstock

10 Re: wow - dividend from PABC Thu Jan 12, 2012 5:03 pm

innam

11 Re: wow - dividend from PABC Thu Jan 12, 2012 5:10 pm

sriranga

12 Re: wow - dividend from PABC Thu Jan 12, 2012 8:36 pm

cseguide

13 Re: wow - dividend from PABC Sat Jan 14, 2012 11:40 am

Light of Hope

14 Re: wow - dividend from PABC Sun Jan 15, 2012 3:01 pm

Light of Hope

15 Re: wow - dividend from PABC Sun Jan 15, 2012 4:05 pm

Slstock

16 Re: wow - dividend from PABC Sun Jan 15, 2012 4:35 pm

innam

17 Re: wow - dividend from PABC Mon Jan 16, 2012 1:43 am

greedy

18 Re: wow - dividend from PABC Mon Jan 16, 2012 3:07 am

smallville

19 Re: wow - dividend from PABC Mon Jan 16, 2012 9:10 am

Hawk Eye

20 Re: wow - dividend from PABC Mon Jan 16, 2012 10:42 am

Slstock

21 Re: wow - dividend from PABC Mon Jan 23, 2012 5:30 am

Kumar

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