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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » UNION BANK OF COLOMBO PLC (UBC.N0000)

UNION BANK OF COLOMBO PLC (UBC.N0000)

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79 posters

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21UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 18, 2011 6:07 pm

tkc


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I planned earlier to invest in SFIN in secondary market. But i was way behind. This time i will not miss the train. Smile

22UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Private placement Fri Feb 18, 2011 7:17 pm

milanka


Vice President - Equity Analytics
Vice President - Equity Analytics
Pl refer my previous post Re, Private placemnent.
http://forum.srilankaequity.com/t566-union-bank-ipo#3284

http://forum.srilankaequity.com/u188

23UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 18, 2011 8:12 pm

tkc


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
thnx!! milanka Smile

24UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Im new new Sat Feb 19, 2011 12:14 am

TMK


Equity Analytic
Equity Analytic
as im beginner im going to apply for 300 shares ..how many shares ll they approve

25UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Sat Feb 19, 2011 12:19 am

TMK


Equity Analytic
Equity Analytic
Smile

26UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Sat Feb 19, 2011 6:27 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We can't predict exact amount.
But as a new comer it is a good choice to go for 300 shares.
Smile

27UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Hope You would get Full 300 Shares Sat Feb 19, 2011 1:29 pm

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
@TMK wrote:as im beginner im going to apply for 300 shares ..how many shares ll they approve

Good Luck as a Beginner..!



Last edited by milanka on Sat Feb 19, 2011 1:31 pm; edited 1 time in total (Reason for editing : Corrected : Beginner)

http://forum.srilankaequity.com/u188

28UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Sat Feb 19, 2011 2:51 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I'd say they'd at least give u a 500 shares if you apply.. so u can try 500..

29UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Sat Feb 19, 2011 3:43 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville how can you say they will give at least 500 shares ?? Smile

30UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Sun Feb 20, 2011 8:52 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Well.. all the recent IPOs held have considered the smallest investor by giving him min 500 shares.. Only after 500 they've started the quota pack.. So I'm sure the same will apply here..

I could be right or wrong, however, I'm only gonna apply 500 ;-) since I dont wanna keep money held up for 20-25 days..

31UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Mon Feb 21, 2011 9:16 am

mark

mark
Expert
Expert
@smallville wrote:Well.. all the recent IPOs held have considered the smallest investor by giving him min 500 shares.. Only after 500 they've started the quota pack.. So I'm sure the same will apply here..

I could be right or wrong, however, I'm only gonna apply 500 ;-) since I dont wanna keep money held up for 20-25 days..

it's no use to stuck your money in IPOs,if we not going to get a better amount of shares..
i expecting UNION IPO to be oversubscribed massively,if so price will up sky rocket..
if you remember ODEL IPO,a person who applied for 1000shares only got 100 shares, i believe such thing not to happened on UNION BANK.......not sure anything until they release the oversubscribed amount.....

32UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Tue Feb 22, 2011 11:54 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
only 2 days remaining!! Smile

33UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Counting the Days ... Tue Feb 22, 2011 12:51 pm

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
@tkc wrote:only 2 days remaining!! Smile

Looks like you are counting.. Tell me first , Is your application and Cash ready..?

http://forum.srilankaequity.com/u188

34UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Tue Feb 22, 2011 12:55 pm

mark

mark
Expert
Expert
if market continues like this,expected return may not be sure from UNION bank.....better to invest a little.......i may be wrong......... Crying or Very sad

35UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Tue Feb 22, 2011 1:12 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
already submitted Smile

36UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Tue Feb 22, 2011 3:07 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Look like union bank IPO also grossly oversubscribed, banking sector rally is going on.

37UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty union bank Tue Feb 22, 2011 10:04 pm

damee


Stock Trader
Can anybody guess what would be the min. price for UB??would it more than Rs.35/share??

38UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 2:36 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@damee wrote:Can anybody guess what would be the min. price for UB??would it more than Rs.35/share??

well, once we know how many times ipo oversubscribe, then can get a idea of the price. Since the issue is 15mn and private placement shares can not be traded for 1 year, we can expect above 37+ price....

39UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 7:40 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
i also expect 40 + price....but we can't predict anything!! bcz this is CSE!! Smile

40UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 3:03 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Union Bank is not cheap based on 2011E earnings on a PER basis, but its Price to Book Value is at discount to most banks, and strong investor appetite for IPOs should see this small issue comfortably oversubscribed by punters looking for quick returns.

Incidentally, the 'voluntary lock in' period for certain promoter shares ends on 20 June 2011 (refer page 63 of prospectus), and also applies only to some Rights shares.

A flood of bank guarantees with very low collateral security requirements are expected again, and this could even break Singer Finance's oversubscription times record - for what its worth.

41UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 3:37 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Hang on a second; has it been oversubscribed. With SFIN there was an announcement early in the day that the issue was oversubscribed. I haven't seen any such announcement at the time of writing (3:30 pm)

42UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty UNION BANK IPO Wed Feb 23, 2011 3:45 pm

DeAmO


Stock Analytic
Stock Analytic
@ tubal: Issue opens tomorrow, 24th Feb.

43UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 4:07 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@DeAmO wrote:@ tubal: Issue opens tomorrow, 24th Feb.

Laughing shucks i thought it was today!!

44UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Union bank IPO Wed Feb 23, 2011 4:24 pm

Blaster


Stock Trader
Only 1 day More.......

45UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 4:26 pm

Blaster


Stock Trader
@damee wrote:Can anybody guess what would be the min. price for UB??would it more than Rs.35/share??
Expecting 35+.. Pray for God....

46UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 4:37 pm

dinusl

dinusl
Co-Admin
@Blaster wrote:Only 1 day More.......

I went 2 banks today @ nawam mawatha, there are many requesting bank drafts to apply for union bank IPO.

47UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Overwhelming response for Union Bank IPO Thu Feb 24, 2011 9:16 am

mark

mark
Expert
Expert
Union Bank's Initial Public Offering (IPO) will be opened for subscription officially from today. Daily Mirror Business learnt the issue is well accepted, as the Registrars to the offer have already received a large number of bank guarantees.

Sources revealed that the issue received bank guarantees worth 300 times the size of the issue, and about 100 bank guarantees have been received to fully subscribe it.

Union Bank in its Rs.375 million IPO, offers 15 million shares to the public. Out of the 15 million, 1.5 million will be offered to employees, while another 2.25 million will be to bank's customers who have been maintaining accounts with the bank for a minimum of six months as at January 31, 2011. Thus, only 11.25 million will be offered to the public.

The issue is scheduled to close on March 16 or the day on which the issue is oversubscribed.

According to an analyst, it is hard to guess the number of times the issue will be oversubscribed, with such large bank guarantees.

A recent research report published by Asha Phillip Securities Ltd states that Union Bank's upcoming IPO is a good buy for prospective investors.

The research report states the bank possesses a strong balance sheet amounting to Rs. 18.6 billion and a capital adequacy ratio of 28.97%, despite a credit growth of 27% in 2010.
Surprised Surprised Surprised Surprised Surprised

48UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:22 am

econ

econ
Global Moderator
this is what happens too few shares issues in IPO.
they have total 350 million shares but only 15 million listed as IPO.
so for big players this is nothing . take bank guarantees for whole subscription.
regulators should take measures to increase the percentage of share issue in IPO.
I think need 25% shares should be issued for large company like Union bank.


49UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:29 am

mark

mark
Expert
Expert
@econ wrote:this is what happens too few shares issues in IPO.
they have total 350 million shares but only 15 million listed as IPO.
so for big players this is nothing . take bank guarantees for whole subscription.
regulators should take measures to increase the percentage of share issue in IPO.
I think need 25% shares should be issued for large company like Union bank.



agree with you......but thanks to big players share price rise and small investors can get a good return,if directors concerned more about and allocate a good amount of shares to small investors.....like in SFIN IPO........

50UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 2 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:48 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
oversubscribed!! You have still a chance till 4.30p.m. Smile

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