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Sri Lanka Equity Forum » Stock Market Talk » SEYLAN BANK PLC (SEYB.N0000)

SEYLAN BANK PLC (SEYB.N0000)

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21SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Wed Jun 01, 2011 7:42 pm

mono


Vice President - Equity Analytics
Vice President - Equity Analytics
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

22SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Wed Jun 01, 2011 8:28 pm

surf


Equity Analytic
Equity Analytic
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?

23SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Wed Jun 01, 2011 8:30 pm

mono


Vice President - Equity Analytics
Vice President - Equity Analytics
@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.

24SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Wed Jun 01, 2011 10:10 pm

factFINDER


Manager - Equity Analytics
Manager - Equity Analytics
@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)

25SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Wed Jun 01, 2011 11:37 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@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 )

26SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Thu Jun 02, 2011 8:17 am

CSE Today

CSE Today
Manager - Equity Analytics
Manager - Equity Analytics
@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...!

27SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty seylan Bank on Fri Feb 08, 2019 12:53 pm

roshan1039


Moderator
Moderator
Expect the next run along with banks.

Expecting good results and a dividend too.

28SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty What is the reason ? on Fri Feb 08, 2019 4:03 pm

nuwanmja

nuwanmja
Senior Equity Analytic
Senior Equity Analytic
@roshan1039 wrote:Expect the next run along with banks.

Expecting good results and a dividend too.

29SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Sat Feb 09, 2019 7:52 pm

Nishan Cooray

Nishan Cooray
Stock Analytic
Stock Analytic
What about the other banks Commercial/Sampath etc

30SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Sat Feb 09, 2019 8:00 pm

roshan1039


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

31SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty SEYLAN BANK PLC (SEYB.N0000) on Thu Oct 24, 2019 10:00 am

dhaneenja


Equity Analytic
Equity Analytic
SEYLAN BANK ගැන කට්ටිය මොනවද දන්නේ?   Question Question Question

1) RIGHTS ISSUE OF SEYLAN BANK PLC  - නොවෙම්බෙර් වල පටන්ගන්න්න්ව. 
2) සම්පත් Bank එකත් "RIGHTS ISSUE" Price එකටම අඩු උනා නමුත් SEYLAN BANK එක තාම නොසැලී ඉන්නවා Question Question Question (මට මතක විදියට 49 වගේ තමා අඩු උනේ ) මේ ගැන මොකද හිතන්නේ  Question Question Question
    මට නම් හිතුනේ "SEYLAN BANK" එක හරි time එකේ තාම "RIGHTS ISSUE" එක දැම්මේ චන්දෙ ලං කරලා...  Rolling Eyes Rolling Eyes Rolling Eyes

3) LOLC ලගේ Backup එකක් තියනවා. 

මම නම් තාම "SEYLAN BANK" කොටස් අරගෙන නැ...  "RIGHTS ISSUE" Price එක කිට්ටුවට අවොත් හිතල බලන්න ඕන...
( මට මේ බෑන්ක් එක ගැන හරි අවබෝදයක් නැ තාම... Study කරනවා Will see )

32SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Thu Oct 24, 2019 12:56 pm

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
seylan is not like sampath . its useless thats why. right issue will not be fully subscribed . sampath price reduced since people wanted to buy from right issue buy selling high. seylan is gvt owned company so will not grow mutch in future if ownership not changed

33SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Thu Oct 24, 2019 1:55 pm

dhaneenja


Equity Analytic
Equity Analytic
Thanks For the update Thilina!  Smile

34SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty seylan bank on Thu Oct 24, 2019 7:16 pm

abey


Manager - Equity Analytics
Manager - Equity Analytics
good below 52 cheers

35SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Fri Oct 25, 2019 5:33 am

Cricketman


Manager - Equity Analytics
Manager - Equity Analytics
@ThilinaM wrote:seylan is not like sampath . its useless thats why. right issue will not be fully subscribed . sampath price reduced since people wanted to buy from right issue buy selling high. seylan is gvt owned company so will not grow mutch in future if ownership not changed
RI is valued at very reasonable price. Also SEYB has room to grow as well. 
I suppose this RI is going to be successful & positive for the bank.
So better to have some in your PF.

36SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Sun Dec 15, 2019 11:35 am

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics
Its time Seylan shares re-align their prices after the down from Rights Issues. I guess 10-15% upside possible sooner. When the rights will be listed ?

37SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Sun Dec 15, 2019 1:51 pm

Cricketman


Manager - Equity Analytics
Manager - Equity Analytics
@NANDANA2012 wrote:Its time Seylan shares re-align their prices after the down from Rights Issues. I guess 10-15% upside possible sooner. When the rights will be listed ?
I assume it as tomorrow.

38SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 5:37 am

Cricketman


Manager - Equity Analytics
Manager - Equity Analytics
@Cricketman wrote:
@NANDANA2012 wrote:Its time Seylan shares re-align their prices after the down from Rights Issues. I guess 10-15% upside possible sooner. When the rights will be listed ?
I assume it as tomorrow.
In fact it is on or before 18th.

39SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 6:29 am

Intrinsicvalue


Equity Analytic
Equity Analytic
it is on 18th 
i got to know it from bank Smile

40SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Seylan right issue on Mon Dec 16, 2019 9:52 am

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
Additional shares

voting - people request less than 6000 shares will receive
non voting - people require up to 11000 will receive all

not confirmed

41SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 11:28 am

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Any guesses over the prices?

42SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 11:41 am

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
after trading commence it will come little low and will go to 60 70 levels (70%) possible.

43SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 11:42 am

Winner123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Most probably this and other shares will rally after jan.

44SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 11:45 am

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
with compared to 2009 figures market is overvalued 4 /5 times .but with compared global economy market is undervalued 2 times. any thing could happen. 2009 Sam PE ratio came to .9 like figures return /price came to 115% like figures . now only 17% there is huge downside potential too

45SEYLAN BANK PLC (SEYB.N0000) - Page 2 Empty Re: SEYLAN BANK PLC (SEYB.N0000) on Mon Dec 16, 2019 11:38 pm

Bdcdman


Equity Analytic
Equity Analytic
voting and non voting - people request less than 6000 shares will receive 100%

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