SDB a Treasure………….

Kinm hunter · 1 SDB a Treasure…………. Sat Nov 15, 2014 6:45 am

Kinm hunter

Manager - Equity Analytics

Posts : 122
Equity Stars : 4800
Reputation : 9
Join date : 2011-08-07
Location : Colombo

I would like highlighting the 9 months results as follows,
EPS 12.5 If Annualized = 16.6 P/E 5.8
Net asset = 141/-
Cash per share = 22/-
Number of shares = 25.2 Mn.
Highest Traded price during the period = 124/-
Current Trading price = 97/-The main reason to trade at this price is right issue announcement
But this share still trading with 1 right per 2 share
If you work out the numbers there should be minimum 50% gain

As per my understanding this is the most undervalued share in the financial sector
I already holds ESL and CINV no doubts these two shares will move up, people are talking about them.
But I wonder why people do not talk about SDB, however I have start started collecting SDB..
This for your attention and valuable comments please…..

lakmal87 · 2 Re: SDB a Treasure…………. Sun Nov 16, 2014 10:11 am

lakmal87

Manager - Equity Analytics

Posts : 173
Equity Stars : 3820
Reputation : 7
Join date : 2014-06-17

Yes i also think.. this is good shares for 6 month invesment.. they are issue right issue.. then company can recover thier borrowing in future.

RPPA · 3 Re: SDB a Treasure…………. Sun Nov 16, 2014 10:25 am

RPPA

Expert

Posts : 2565
Equity Stars : 8434
Reputation : 91
Join date : 2014-09-17

May be people don't like the name SANASA. Shocked

Yes this is a good stock on paper. Very Happy

Paying good dividends too. Very Happy

VERY ATTRACTIVE. Very Happy

Rights may be the issue. Surprised

THILANGAF · 4 Re: SDB a Treasure…………. Sun Nov 16, 2014 10:28 pm

THILANGAF

Manager - Equity Analytics

Posts : 103
Equity Stars : 3924
Reputation : 1
Join date : 2013-12-07

Agreed I am collecting....
Ready to buy rights also
Huge potential....

sach9993 · 5 Re: SDB a Treasure…………. Sun Nov 16, 2014 11:17 pm

sach9993

Assistant Vice President - Equity Analytics

Posts : 790
Equity Stars : 5447
Reputation : 23
Join date : 2014-11-07

SDB hond share ekak.habi nex month rs80 gane right ekak thiyen nisa.oka thawa pahalt ei.man hithawnw rs83t 82t wage ei.e welwt enter wenn.dan buy karann yann epa.

sach9993 · 6 Re: SDB a Treasure…………. Sun Nov 16, 2014 11:29 pm

sach9993

Assistant Vice President - Equity Analytics

Posts : 790
Equity Stars : 5447
Reputation : 23
Join date : 2014-11-07

right eka gann yanwt wada pahalt apuwam share eka gann eka hondai.mokad me welawe right eks gan hithal shares ekathu karan eka echchara sartak na.shars 2kt right ekai.e nisa balance karann amaru wei.mokad stock eka right eken passe up une nathnam hira wenw.anik kochchara unth me stock eka popular na.me bank eka wate share holders l godk innw.eka major holder kenek ns.

Kinm hunter · 7 Re: SDB a Treasure…………. Mon Nov 17, 2014 6:15 am

Kinm hunter

Manager - Equity Analytics

Posts : 122
Equity Stars : 4800
Reputation : 9
Join date : 2011-08-07
Location : Colombo

Even though we can't see a major shareholder in the list but all most all the shareholders are Sanasa group members, as per my understanding about 80% of shares holding by Sanasa.
I am sure they won’t allow diluting their holding, therefore they definitely subscribe for rights.
Rights also will trade at a high rate.
If I were at Sanasa I would declare an Interim dividend for existing shareholders so that they can utilize it to by new shares.
As per my calculations Cum rite price should be at least 125/- ex right 100 after the right issue it should move again…………..

omegaplus · 8 Re: SDB a Treasure…………. Mon Nov 17, 2014 8:52 am

omegaplus

Manager - Equity Analytics

Posts : 299
Equity Stars : 3905
Reputation : 4
Join date : 2014-09-29

I think one problem with SDB is government use the bank as they want without thinking about its financial situation. Like recent past bank had to give loans as elections .

NilangaG · 9 Re: SDB a Treasure…………. Mon Nov 17, 2014 9:03 am

NilangaG

Manager - Equity Analytics

Posts : 181
Equity Stars : 3813
Reputation : 10
Join date : 2014-06-27

I'm waiting till the right is settled.

Kinm hunter · 10 Re: SDB a Treasure…………. Mon Nov 17, 2014 9:30 am

Kinm hunter

Manager - Equity Analytics

Posts : 122
Equity Stars : 4800
Reputation : 9
Join date : 2011-08-07
Location : Colombo

omegaplus wrote:I think one problem with SDB is government use the bank as they want without thinking about its financial situation. Like recent past bank had to give loans as elections .

Is this true? I think GOVT cannot influance this bank as there not having any stake here.
I think you talk about Samurdi Bank.

Any way SDB is one of the most Cash rich bank at the moment now its 22/- per shre after the right issue another 80/- per 3 shares will add.

omegaplus · 11 Re: SDB a Treasure…………. Mon Nov 17, 2014 10:04 am

omegaplus

Manager - Equity Analytics

Posts : 299
Equity Stars : 3905
Reputation : 4
Join date : 2014-09-29

Kinm hunter wrote:

omegaplus wrote:I think one problem with SDB is government use the bank as they want without thinking about its financial situation. Like recent past bank had to give loans as elections .

Is this true? I think GOVT cannot influance this bank as there not having any stake here.
I think you talk about Samurdi Bank.

Any way SDB is one of the most Cash rich bank at the moment now its 22/- per shre after the right issue another 80/- per 3 shares will add.

Hi
Thanks, I thought they have control over and a connection.Thanks for correcting me.
I couldn't see who are the major share holders of the bank.
If not, yes this is a good share.

Kinm hunter · 12 Re: SDB a Treasure…………. Thu Jun 11, 2015 6:49 pm

Kinm hunter

Manager - Equity Analytics

Posts : 122
Equity Stars : 4800
Reputation : 9
Join date : 2011-08-07
Location : Colombo

Kinm hunter wrote:I would like highlighting the 9 months results as follows,
EPS 12.5 If Annualized = 16.6 P/E 5.8
Net asset = 141/-
Cash per share = 22/-
Number of shares = 25.2 Mn.
Highest Traded price during the period = 124/-
Current Trading price = 97/-The main reason to trade at this price is right issue announcement
But this share still trading with 1 right per 2 share
If you work out the numbers there should be minimum 50% gain

As per my understanding this is the most undervalued share in the financial sector
I already holds ESL and CINV no doubts these two shares will move up, people are talking about them.
But I wonder why people do not talk about SDB, however I have start started collecting SDB..
This for your attention and valuable comments please…..