DFCC dividend!

godswen · 1 DFCC dividend! Fri Apr 01, 2011 9:10 am

godswen

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DFCC BANK
Company ID: - DFCC
Date of Announcement:-01.Apr.2011
Rate of Dividend: - Rs. 7.00 per share / Interim Dividend
Financial Year: - 2010/2011
XD:-12.Apr.2011
Payment: - 25.Apr.2011
Share Transfer Book Open.

This is an interim dividend!
Last time it was 6 rupees first and final!

SL.Market · 2 Re: DFCC dividend! Fri Apr 01, 2011 9:17 am

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godswen wrote:DFCC BANK
Company ID: - DFCC
Date of Announcement:-01.Apr.2011
Rate of Dividend: - Rs. 7.00 per share / Interim Dividend
Financial Year: - 2010/2011
XD:-12.Apr.2011
Payment: - 25.Apr.2011
Share Transfer Book Open.

This is an interim dividend!
Last time it was 6 rupees first and final!

Good....
one of my freind bought 1000@203 as per broker prediction ... being with a lost and hope he will recover some...

kuk83 · 3 Re: DFCC dividend! Fri Apr 01, 2011 9:28 am

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godswen wrote:DFCC BANK
Company ID: - DFCC
Date of Announcement:-01.Apr.2011
Rate of Dividend: - Rs. 7.00 per share / Interim Dividend
Financial Year: - 2010/2011
XD:-12.Apr.2011
Payment: - 25.Apr.2011
Share Transfer Book Open.

This is an interim dividend!
Last time it was 6 rupees first and final!

Amazing ...

Paypal · 4 DFCC Fri Apr 01, 2011 9:32 am

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DFCC is currently traded to a discounted price, I think. One of best bank in Sri Lanka.

Slstock · 5 Re: DFCC dividend! Fri Apr 01, 2011 10:20 am

Slstock

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godswen wrote:DFCC BANK
Company ID: - DFCC
Date of Announcement:-01.Apr.2011
Rate of Dividend: - Rs. 7.00 per share / Interim Dividend
Financial Year: - 2010/2011
XD:-12.Apr.2011
Payment: - 25.Apr.2011
Share Transfer Book Open.

This is an interim dividend!
Last time it was 6 rupees first and final!

I have been mentioning about the DFCC long term potential several times in the forum.

shiran.seneviratne · 6 DFCC dividends Fri Apr 01, 2011 10:46 am

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Hi Guys

I have some shares in DFCC. is it a good time to sell them or shall i wait untill the dividends are paid.

Slstock · 7 Re: DFCC dividend! Fri Apr 01, 2011 10:59 am

Slstock

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shiran.seneviratne wrote:Hi Guys

I have some shares in DFCC. is it a good time to sell them or shall i wait untill the dividends are paid.

Shiran, if you are not in hurry to sell , DFCC is a good long term share. With the Budget tax benefits kicking in March quarter it should do better the the last 2 quarters. DFCC is still trading around last august/sept prices. Unless in a hurry this is slow but steady long term potential.

UKboy · 8 Re: DFCC dividend! Fri Apr 01, 2011 11:41 am

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Paypal wrote:DFCC is currently traded to a discounted price, I think. One of best bank in Sri Lanka.

Whaaarrt...!!!!! discounted price Rolling Eyes

Meta Trader · 9 Re: DFCC dividend! Fri Apr 01, 2011 11:57 am

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it seems capital gains from the comb deal are still available or is it other way around ?

Slstock · 10 Re: DFCC dividend! Fri Apr 01, 2011 12:02 pm

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Paypal wrote:DFCC is currently traded to a discounted price, I think. One of best bank in Sri Lanka.

I would say DFCC is fair valued not not heavily undervalued. I made the below post few days ago before all the interest in this share now.

DFCC: We should look at DFCC with a different mind set. This is a financial giant for decades. Any old , long term share holder ( I am not that old but am old haha) will know that. Though it not a share that will make you rich overnight like the gambling ones, DFCC has always looked after its share holders in the long term. Just look who is in the top 20 share holder list and decide. Period. Remember this is one of the oldest and highly regarded financial institutions in the country. A Blue Chip with much regard due to it strength and management. Banks like this should/would trade with a premium due to its place in the sector. (Like JKH,SPEN is doing in their sector). DFCC showed a good improvement last december in results. We should not expect massive differences in gain for more established large cap banks like DFCC,COMB,HNB. If you read the Chairmans comments they even mentioned about the March Tax benefits kicking in due course. So it should up their profits. In summary , in my opinion this is one of the most solid shares to hold in ones Long Term portfolio.If you like short term profits and miracles this is not the share though. However for shot term also note that DFCC is extremely over sold now and it would bring short term profit with a run. DFCC is now trading in august/september prices as in much before the bonus).