UBC - Sri Lankan Unit to be sold

sanju351 · 1 UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 1:25 pm

sanju351

Senior Manager - Equity Analytics

Posts : 500
Equity Stars : 5208
Reputation : 14
Join date : 2012-04-25
Age : 52

UBC - Sri Lankan Unit to be sold soon at a reasonable price ..
http://www.lankabusinessonline.com/news/Sri_Lankas_Union_Bank_change_by_RAM/188486084

Slstock · 2 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 1:44 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13384
Reputation : 1158
Join date : 2011-01-22

Sanju, you know about the issue with price targets, Yet you keep giving price targets without proof.

Is this randomly made up price? Also if this is not confrmed news edit you title. It suggests it will be surely sold .

1) Even if there is a crossign at Rs 35 or even Rs 45 , you know how market behaves. AAIC crossing at Rs 128 but still trading at Rs 80+. BIL crossign at rs 5.5 still at rs 3.2
2) UBC was trading at Rs 14 for a considerable time. Also goign with book value and current earnings , paying Rs 35 will be crazy for the investor ( if they do) . That is over 100% market price over the last year or so.

Last edited by slstock on Tue Apr 09, 2013 2:04 pm; edited 1 time in total

rainmaker · 3 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 1:51 pm

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6248
Reputation : 45
Join date : 2013-02-06

VISTA is not planning on selling. It is owned by Genting

There was an internal restructure within Vista where Lovell and the other one in Singapore sold their stakes in Vista to Genting

After that Vista owned Genting entered into a joint venture with CIMB and Lovell and the other one.

http://www.cimb.com/index.php?ch=352&pg=1220&ac=955&bb=attachment_1

What you may see is a internal shareholder restructure of Vista where Genting sells to someone else (private sale)

smallville · 4 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 4:50 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10116
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

the link is not even working.. I wonder when can he stop promotin?

sanju351 · 5 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:01 pm

sanju351

Senior Manager - Equity Analytics

Posts : 500
Equity Stars : 5208
Reputation : 14
Join date : 2012-04-25
Age : 52

smallville wrote:the link is not even working.. I wonder when can he stop promotin?

Check the website Randiva .lk for the news item

smallville · 6 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:28 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10116
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

sanju351 wrote:

smallville wrote:the link is not even working.. I wonder when can he stop promotin?

Check the website Randiva .lk for the news item

Didnt find anything useful in that too.. if u find, u can post the source here...

Last edited by smallville on Tue Apr 09, 2013 6:44 pm; edited 2 times in total

sanju351 · 7 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:30 pm

sanju351

Senior Manager - Equity Analytics

Posts : 500
Equity Stars : 5208
Reputation : 14
Join date : 2012-04-25
Age : 52

slstock wrote:Sanju, you know about the issue with price targets, Yet you keep giving price targets without proof.

Is this randomly made up price? Also if this is not confrmed news edit you title. It suggests it will be surely sold .

1) Even if there is a crossign at Rs 35 or even Rs 45 , you know how market behaves. AAIC crossing at Rs 128 but still trading at Rs 80+. BIL crossign at rs 5.5 still at rs 3.2
2) UBC was trading at Rs 14 for a considerable time. Also goign with book value and current earnings , paying Rs 35 will be crazy for the investor ( if they do) . That is over 100% market price over the last year or so.

Agree 100%
But according to the speculation UBC deal is for 100% share ownership - Like AIA did - the sources say by way of even a mandatory offer even the new party will go for 100% ownership and they are the same people who are going to take over CITI bank operations in Sri Lanka as well ..

So it is not like BIL & AAIC or any other deal ...

Collectors at low level might be winners of big time - But allways with speculation the Risk also involved - we have to take that to account as well

After all fortune favours the brave !!

cheers

smallville · 8 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:46 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10116
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

Brave dont need Fortune.. helpless might..

Ppl who bought this at pretty low levels already sold. IF you didnt, its time Wink

Kithsiri · 9 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:58 pm

Kithsiri

Senior Vice President - Equity Analytics

Posts : 1758
Equity Stars : 7099
Reputation : 132
Join date : 2011-03-25
Age : 66
Location : රජ්ගම

smallville wrote:Brave dont need Fortune.. helpless might..
Ppl who bought this at pretty low levels already sold. IF you didnt, its time

Slstock · 10 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 7:15 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13384
Reputation : 1158
Join date : 2011-01-22

Kithsiri, any chance of the treat with the millions or is it billion you made Very Happy

Kithsiri wrote:

smallville wrote:Brave dont need Fortune.. helpless might..
Ppl who bought this at pretty low levels already sold. IF you didnt, its time

anges · 11 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 8:07 pm

anges

Assistant Vice President - Equity Analytics

Posts : 749
Equity Stars : 5057
Reputation : 25
Join date : 2012-12-04

ah joker malli is back

ONTHEMONEY · 12 Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 10:38 pm

ONTHEMONEY

Assistant Vice President - Equity Analytics

Posts : 651
Equity Stars : 5722
Reputation : 43
Join date : 2011-01-28
Location : COLOMBO

rainmaker wrote:VISTA is not planning on selling. It is owned by Genting

There was an internal restructure within Vista where Lovell and the other one in Singapore sold their stakes in Vista to Genting

After that Vista owned Genting entered into a joint venture with CIMB and Lovell and the other one.

http://www.cimb.com/index.php?ch=352&pg=1220&ac=955&bb=attachment_1

What you may see is a internal shareholder restructure of Vista where Genting sells to someone else (private sale)

What u have posted is good..I dont have a clue btw..Is there any relationship with UBC?