Sanasa Development Bank (SDB)

lion · 1 Sanasa Development Bank (SDB) Thu Apr 25, 2013 12:10 pm

lion

Manager - Equity Analytics

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Hi Friends,
I'm really interested in buying SDB based on the valuations, However i am not very clear on the shareholders structure.

I saw some earlier posts explaining that shares are pledged for the borrowings etc,..

Is there something fishy about the shareholding? is this the reason the share is almost trading at 50% discount to its book value?

When I went the through the annual report, almost all share issues during the last three years were done at Rs.100.00. so they will not be selling right now at much lower prices.

Can someone who knows about SDB please explain the issue with the share?

Thanks and enjoy the holidays...

troy · 2 Re: Sanasa Development Bank (SDB) Thu Apr 25, 2013 3:09 pm

troy

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Further pls talk about the dividend policy of the SDB. Prefer dividend paying companies since their fundamentals tend to be strong and every reason is there to make a positive moves.

Thanks in advance.

assasin · 3 Re: Sanasa Development Bank (SDB) Thu Apr 25, 2013 3:47 pm

assasin

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High dividend can be expected all the time.Most shares are distributed among their island-wide branches and top management will distribute profit as good dividend for the future success.

KDDND · 4 Re: Sanasa Development Bank (SDB) Sun Apr 28, 2013 3:58 pm

KDDND

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me too hold few Ks average @69 ...hope this one too may hit soon.... as a company it is good but many says their management is not much talented n efficient... otherwise SDB could have done much more... scratch