SEYLAN BANK PLC (SEYB.N0000)

ROHAN · 1 SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 12:56 pm

ROHAN

Manager - Equity Analytics

Posts : 191
Equity Stars : 5314
Reputation : 7
Join date : 2011-03-07
Location : colombo

there are some hot gossip in broker forums,,,Government going to take over SEYLAN BANK ,,,,,any hot news about it... Shocked

Last edited by ROHAN on Wed Jun 01, 2011 12:59 pm; edited 1 time in total

milanka · 2 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 12:58 pm

milanka

Vice President - Equity Analytics

Posts : 1102
Equity Stars : 7047
Reputation : 164
Join date : 2011-01-28
Location : Q Soft.

ROHAN wrote:there are some gossip in broker forums,,,Government going to take over SEYLAN BANK ,,,,,any hot news about it...

Previously a news about Chinese coming in...

Hawk Eye · 3 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:15 pm

Hawk Eye

Expert

Posts : 896
Equity Stars : 7042
Reputation : 44
Join date : 2011-03-13

May be finding reasons to push the share price up !

Gaja · 4 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:20 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9876
Reputation : 260
Join date : 2011-01-27
Age : 41
Location : Colombo

as at 31.03.2011, i think govt is having 32%

mono · 5 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:21 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6487
Reputation : 93
Join date : 2011-01-21
Age : 103

ah the rumor mill.

Why would the government take over SEYB?

Chinwi · 6 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:24 pm

Chinwi

Associate Director - Equity Analytics

Posts : 3097
Equity Stars : 9155
Reputation : 418
Join date : 2010-06-08
Location : Asia

After the rights issue , if many did not contribute for their rights and the Govt. paid for them it will get it automatically.

duke · 7 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:27 pm

duke

Senior Manager - Equity Analytics

Posts : 552
Equity Stars : 5720
Reputation : 86
Join date : 2011-03-14

first they put a fake transaction for 50. now this. next they'll say warren buffet is going to buy it.

i think this'll go the same as TFC.

dhamindra · 8 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 5:35 pm

dhamindra

Stock Trader

Posts : 6
Equity Stars : 4941
Reputation : 0
Join date : 2011-05-19

ROHAN wrote:there are some hot gossip in broker forums,,,Government going to take over SEYLAN BANK ,,,,,any hot news about it...

Yeah reliable source informed me too that Sri Lanka Insurance Corperation will buy Seylan Bank...

duke · 9 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 5:46 pm

duke

Senior Manager - Equity Analytics

Posts : 552
Equity Stars : 5720
Reputation : 86
Join date : 2011-03-14

Definitely. Sure and shot. If the investors are broke and if they can't or won't apply for rights then somebody has to do it. If Seylan cannot find somebody then there is only one person, government.
Government cannot and won't allow an established bank go out of funds. In fact they came forward to protect the bank. So just like TFC government will direct the government institutions EPF, Insurance (and now even Commercial, HNB) to fill the rights. That's what happened to TFC. If I remember correct Seylan bought TFC shares to fill the gap.
Government won't buy Seylan bank. They will fill the unsubscribed rights just like what happened in TFC IPO.

Last edited by duke on Wed Jun 01, 2011 5:49 pm; edited 1 time in total

kam2011 · 10 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 5:48 pm

kam2011

Senior Manager - Equity Analytics

Posts : 554
Equity Stars : 5648
Reputation : 52
Join date : 2011-03-24

According to the March 31 Accounts Gov. through Insurance,BOC and EPF own around 31.59%( Sri Lanka Ins. 15.00,BOC 10.00% and EPF 6.59%)That means already Gov. is the major shareholder.Is n't it?

CSE Today · 11 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 6:22 pm

CSE Today

Manager - Equity Analytics

Posts : 236
Equity Stars : 5422
Reputation : 86
Join date : 2011-02-14

kam2011 wrote:According to the March 31 Accounts Gov. through Insurance,BOC and EPF own around 31.59%( Sri Lanka Ins. 15.00,BOC 10.00% and EPF 6.59%)That means already Gov. is the major shareholder.Is n't it?

Yes but with the 3:2 rights issue ..if not subcribed the GOV will lose the %...

but my Question is how can any institution buy into shares exceeding the holding 10% according to the stipulated rule of CBSL ["more than 10% of a commercial bank could not be acquire by a single party or consotium of parties acting together" ]...is this regulations only for others & can the GOV institutions such as EPF, ETF, SLIC, BOC..etc etc over ride the Banking ACT...?

Fresher · 12 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:14 pm

Fresher

Moderator

Posts : 1498
Equity Stars : 7706
Reputation : 163
Join date : 2011-02-04

the rights issue is 1:3 and not 3:2

mono · 13 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:16 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6487
Reputation : 93
Join date : 2011-01-21
Age : 103

what amkes you guys possibly think the government won't subscribe to that rights issue. There is a good chance they will. I am also wondering if these Ceylinco people will sell their rights in the market or not exercise them

TuskerLK · 14 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:19 pm

TuskerLK

Senior Manager - Equity Analytics

Posts : 403
Equity Stars : 5561
Reputation : 36
Join date : 2011-03-08

Possibly a manipulation trick

kam2011 · 15 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:34 pm

kam2011

Senior Manager - Equity Analytics

Posts : 554
Equity Stars : 5648
Reputation : 52
Join date : 2011-03-24

CSE Today wrote:

kam2011 wrote:According to the March 31 Accounts Gov. through Insurance,BOC and EPF own around 31.59%( Sri Lanka Ins. 15.00,BOC 10.00% and EPF 6.59%)That means already Gov. is the major shareholder.Is n't it?

Yes but with the 3:2 rights issue ..if not subcribed the GOV will lose the %...

but my Question is how can any institution buy into shares exceeding the holding 10% according to the stipulated rule of CBSL ["more than 10% of a commercial bank could not be acquire by a single party or consotium of parties acting together" ]...is this regulations only for others & can the GOV institutions such as EPF, ETF, SLIC, BOC..etc etc over ride the Banking ACT...?

May be you are correct as per CBSL rules. But situation in all banks are same. Please look at the following figures.

SAMPATH
Valibel One 15.00%

PAN ASIA
K.D.D.Perera 29.99%
Royal Ceramics 1.29%

NTB
JKH 20.00%
Mackinnons Keels Fina. 9.90%

DFCC
BOC 14.36%
S.L.Ins.-Life 13.00%
EPF 4.47%
ETF 0.76%
NSB 0.51%
S.L.Ins-Gen 0.47%

COMMERCIAL
DFCC 14.92%
EPF 8.45%
S.L.Ins-Life 5.09%
S.L.Ins-Gen 4.37%

UNION BANK
Vista knowledge Pte Ltd 18.52%

HNB
S.L.Ins 11.93%
EPF 7.56%
NSB 2.34%
ETF 0.45%

NDB
BOC 9.97%
EPF 8.77%
S.L.Ins-Gen 5.72%
S.L.Ins-Life 4.75%
ETF 2.60%
NSB 1.01%

HDFC
NHDA 49.73%

Above is the actual situation as per respective financial reports. These figures reflects the Important role played by the Gov. Funds to keep the stock market active and vbrant. How ever it looks like that without the Gov. Funding Banking sector could not run the show in our Country. .

mono · 16 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:42 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6487
Reputation : 93
Join date : 2011-01-21
Age : 103

I think you can have as much shares as you can but your vote will never amount to more than 10%. This doesn't apply if the bank is something you or your family opened

surf · 17 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 8:28 pm

surf

Equity Analytic

Posts : 32
Equity Stars : 4984
Reputation : 0
Join date : 2011-05-24

Don't u think it is still good to collect seybx at somewhere around 36-37? If manipulator wants to manipulate, can't we take some kind of advantage from that manipulation?

mono · 18 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 8:30 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6487
Reputation : 93
Join date : 2011-01-21
Age : 103

surf wrote:Don't u think it is still good to collect seybx at somewhere around 36-37? If manipulator wants to manipulate, can't we take some kind of advantage from that manipulation?

SEYBx at 36-37 is a pretty safe investment. I can't think of too many reasons for this dropping down further.

factFINDER · 19 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 10:10 pm

factFINDER

Manager - Equity Analytics

Posts : 158
Equity Stars : 5540
Reputation : 41
Join date : 2010-05-27
Age : 46
Location : Colombo

CSE Today wrote:

kam2011 wrote:According to the March 31 Accounts Gov. through Insurance,BOC and EPF own around 31.59%( Sri Lanka Ins. 15.00,BOC 10.00% and EPF 6.59%)That means already Gov. is the major shareholder.Is n't it?

Yes but with the 3:2 rights issue ..if not subcribed the GOV will lose the %...

but my Question is how can any institution buy into shares exceeding the holding 10% according to the stipulated rule of CBSL ["more than 10% of a commercial bank could not be acquire by a single party or consotium of parties acting together" ]...is this regulations only for others & can the GOV institutions such as EPF, ETF, SLIC, BOC..etc etc over ride the Banking ACT...?

Though the Banking Act restricts acquiring more than 10% of the voting shares of a licenced commercial bank, by a single party or consotium of parties acting together, the Act it self given provision for Monetary Board of CBSL to approve a high percentage. Sometime they prescribe timeframes also to reduce the approved holdings in excess of 10%.

However, the concept "parties acting together/Acting-In-Concert" is very difficult to be established.
Anyone can argue that investment of government institutions and government controlled funds also Acting-In-Concert..... (e.g. in recent appoinment of Directors to COMB & HNB)

Gaja · 20 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 11:37 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9876
Reputation : 260
Join date : 2011-01-27
Age : 41
Location : Colombo

mono wrote:I think you can have as much shares as you can but your vote will never amount to more than 10%. This doesn't apply if the bank is something you or your family opened

I am also not sure, but when the DFCC disposed the Comm Shares they told because of the CBSL requirement, also if time permits have look on the 2010/2011 JKH annual report, in the Chairman message, where he talks about complying with the CBSL requirement ( i think he spoke about NTB )

CSE Today · 21 Re: SEYLAN BANK PLC (SEYB.N0000) Thu Jun 02, 2011 8:17 am

CSE Today

Manager - Equity Analytics

Posts : 236
Equity Stars : 5422
Reputation : 86
Join date : 2011-02-14

kam2011 wrote:

CSE Today wrote:

kam2011 wrote:According to the March 31 Accounts Gov. through Insurance,BOC and EPF own around 31.59%( Sri Lanka Ins. 15.00,BOC 10.00% and EPF 6.59%)That means already Gov. is the major shareholder.Is n't it?

Yes but with the 3:2 rights issue ..if not subcribed the GOV will lose the %...

but my Question is how can any institution buy into shares exceeding the holding 10% according to the stipulated rule of CBSL ["more than 10% of a commercial bank could not be acquire by a single party or consotium of parties acting together" ]...is this regulations only for others & can the GOV institutions such as EPF, ETF, SLIC, BOC..etc etc over ride the Banking ACT...?

May be you are correct as per CBSL rules. But situation in all banks are same. Please look at the following figures.

SAMPATH
Valibel One 15.00%

PAN ASIA
K.D.D.Perera 29.99%
Royal Ceramics 1.29%

NTB
JKH 20.00%
Mackinnons Keels Fina. 9.90%

DFCC
BOC 14.36%
S.L.Ins.-Life 13.00%
EPF 4.47%
ETF 0.76%
NSB 0.51%
S.L.Ins-Gen 0.47%

COMMERCIAL
DFCC 14.92%
EPF 8.45%
S.L.Ins-Life 5.09%
S.L.Ins-Gen 4.37%

UNION BANK
Vista knowledge Pte Ltd 18.52%

HNB
S.L.Ins 11.93%
EPF 7.56%
NSB 2.34%
ETF 0.45%

NDB
BOC 9.97%
EPF 8.77%
S.L.Ins-Gen 5.72%
S.L.Ins-Life 4.75%
ETF 2.60%
NSB 1.01%

HDFC
NHDA 49.73%

Above is the actual situation as per respective financial reports. These figures reflects the Important role played by the Gov. Funds to keep the stock market active and vbrant. How ever it looks like that without the Gov. Funding Banking sector could not run the show in our Country. .

No Brother its not so... Who ever held more than 10% before the CBSL introduced the said Rule, is not coming under the scrutiny of it and also for pioneering parties who incorporate a commercial bank can hold more than 10% of that commercial Bank and not required to reduce/divest the holding below 10%...
also as MONO mentioned any new buyer can acquire more than 10% but will not registerd for voting rights & have to reduce the holding below 10% on a given time by the CBSL...!

anyway we all have to adopt a wait & see method on SEYB future developments on Rights subcsription & any intervention of GOSL or CBSL...!

roshan1039 · 22 seylan Bank Fri Feb 08, 2019 12:53 pm

roshan1039

Moderator

Posts : 311
Equity Stars : 5435
Reputation : 32
Join date : 2011-01-22

Expect the next run along with banks.

Expecting good results and a dividend too.

nuwanmja · 23 What is the reason ? Fri Feb 08, 2019 4:03 pm

nuwanmja

Senior Equity Analytic

Posts : 73
Equity Stars : 2226
Reputation : 1
Join date : 2019-01-04
Age : 33
Location : Gampaha

roshan1039 wrote:Expect the next run along with banks.

Expecting good results and a dividend too.

Nishan Cooray · 24 Re: SEYLAN BANK PLC (SEYB.N0000) Sat Feb 09, 2019 7:52 pm

Nishan Cooray

Stock Analytic

Posts : 16
Equity Stars : 3349
Reputation : 0
Join date : 2015-10-03

What about the other banks Commercial/Sampath etc

roshan1039 · 25 Re: SEYLAN BANK PLC (SEYB.N0000) Sat Feb 09, 2019 8:00 pm

roshan1039

Moderator

Posts : 311
Equity Stars : 5435
Reputation : 32
Join date : 2011-01-22

Samp, NDB, UBC, SEYB my recs
But do a good study before buying

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

SEYLAN BANK PLC (SEYB.N0000)

1 SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 12:56 pm

ROHAN

2 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 12:58 pm

milanka

3 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:15 pm

Hawk Eye

4 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:20 pm

Gaja

5 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:21 pm

mono

6 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:24 pm

Chinwi

7 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 1:27 pm

duke

8 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 5:35 pm

dhamindra

9 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 5:46 pm

duke

10 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 5:48 pm

kam2011

11 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 6:22 pm

CSE Today

12 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:14 pm

Fresher

13 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:16 pm

mono

14 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:19 pm

TuskerLK

15 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:34 pm

kam2011

16 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 7:42 pm

mono

17 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 8:28 pm

surf

18 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 8:30 pm

mono

19 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 10:10 pm

factFINDER

20 Re: SEYLAN BANK PLC (SEYB.N0000) Wed Jun 01, 2011 11:37 pm

Gaja

21 Re: SEYLAN BANK PLC (SEYB.N0000) Thu Jun 02, 2011 8:17 am

CSE Today

22 seylan Bank Fri Feb 08, 2019 12:53 pm

roshan1039

23 What is the reason ? Fri Feb 08, 2019 4:03 pm

nuwanmja

24 Re: SEYLAN BANK PLC (SEYB.N0000) Sat Feb 09, 2019 7:52 pm

Nishan Cooray

25 Re: SEYLAN BANK PLC (SEYB.N0000) Sat Feb 09, 2019 8:00 pm

roshan1039

26 Re: SEYLAN BANK PLC (SEYB.N0000)

Sponsored content

New topics