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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » SEYB result - pre announcement

SEYB result - pre announcement

+9
econ
Fresher
wis
1st
ranga
Rocky
trader911
mono
Slstock
13 posters

Go down  Message [Page 1 of 1]

1SEYB result - pre announcement Empty SEYB result - pre announcement Fri Feb 25, 2011 5:20 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Here you go pre announcement hot hot
http://www.cse.lk/cmt/upload_report_file/443_1298634213.pdf
Quarter ended annualized Rs 6.09
Year End Rs 4.75
Improvement on YoY and Quarter on Quarter .
Another good financial report on bank.

When is this darn financial rally?



Last edited by Quibit on Fri Feb 25, 2011 5:46 pm; edited 2 times in total (Reason for editing : format condensed)

2SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 5:31 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

yay!

3SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 5:40 pm

trader911


Senior Equity Analytic
Senior Equity Analytic

that is impressive,profits have doubled

4SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 5:42 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I will reserve my comments on this Bank for the moment until I do the final analysis.
Some things don't rhyme well in accounting terms.

I generally, believe all but trust a few!!
Can't help the theory. Wink

5SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 5:56 pm

ranga


Senior Equity Analytic
Senior Equity Analytic

Profit Mn
31-Mar-10
195.5
30-Jun-10
312.00
30-Sep-10
312.00
31-Dec-10
391.00

6SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 5:59 pm

1st


Equity Analytic
Equity Analytic

SEYB.N should touch 180
SEYB.X should touch 90

7SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:05 pm

ranga


Senior Equity Analytic
Senior Equity Analytic



I can't understand how to calculate EPS for seyb since they having voting & non voting shares.
130Mn voting shares
123.56Mn non voting shares.


8SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:10 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics

Impressive? Profit has gone down by around 25%. It's the 'other income' that covers them and less expenses. Did they also sell part of their portfolio or something?


9SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:11 pm

Fresher


Moderator
Moderator

ranga wrote:

I can't understand how to calculate EPS for seyb since they having voting & non voting shares.
130Mn voting shares
123.56Mn non voting shares.



you will have to consider them as one type - ordinary shares and calculate

10SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:27 pm

econ

econ
Global Moderator

wis wrote:Impressive? Profit has gone down by around 25%. It's the 'other income' that covers them and less expenses. Did they also sell part of their portfolio or something?



Yes. net interest income up only by 8.5% for whole year.

11SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:34 pm

Fresher


Moderator
Moderator

As i see, the provisions have been reduced a big deal and bad debts have reduced.

12SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:43 pm

1st


Equity Analytic
Equity Analytic

Any way profit is profit and it has doubled... We are not investing only on rate profits. We are investing on Seylan bank which has doubled the profit...
Smile

13SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:46 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

wis wrote:Impressive? Profit has gone down by around 25%. It's the 'other income' that covers them and less expenses. Did they also sell part of their portfolio or something?



I agree with you wis. Other income has to be deducted when calculating the EPS. but sadly most people seem to think that it's perfectly alright for a company to have an operating loss as long as the bottom line is positive. That's why some shares have crazy prices. and that's also why foreign investors are scrambling for the exit.

14SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 6:47 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

1st wrote:Any way profit is profit and it has doubled... We are not investing only on rate profits. We are investing on Seylan bank which has doubled the profit...
Smile

double. ah yes, the word that's on everyone's mouth. When people enter the market to double, it results in everyone's life savings being halved.

15SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 7:13 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

1st wrote:Any way profit is profit and it has doubled... We are not investing only on rate profits. We are investing on Seylan bank which has doubled the profit...
Smile

If you go in this attitude, you'll end up buying trash rather than real valued stocks..

Have u not seen us taking abt sustainable growth.. qtr-qtr real growth. have u not learnt that we stressed om removing criteria such as 'other income', 'minority interest' out of profits cuz those can be vary next year even can go minus as per market fluctuations..

Now nobody says SEYB is bad.. only thing is their real income is not so as we expected.. But SEYB can do well in future I hope..

16SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 7:26 pm

1st


Equity Analytic
Equity Analytic

Thanks for all comments.. Just put my comments get expt comments.. all the comes are highly valued.. We all need care each other..

There is universal Rule - Give and Get
this is true for stock markerket even..

thanks.

lol!

17SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 7:45 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

1st Are u an Indian or SL residing in India? Question

18SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 8:02 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

Hmm...

Earnings are nice but ramped up a little as with all SEYB reports. But they're not strictly a traditional bank they tend to do other things on the side as well. so some of these other earning are probably coming from that, and have been consistently coming for the last 3-4 quarters. Also a good chunk of the other earnings are commissions and therefore part and parcel of their business.

For me the things to look for is not the earnings. the more important things are change in net deposits, net loans and the % of non performing loans and the fluctuation of that. all of those are looking good and their asset base is consistently growing.

19SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 8:53 pm

trader911


Senior Equity Analytic
Senior Equity Analytic

think the so called experts need to have a closer look at the non performing loan rather than whining abt other income, give this bank break,they were at the brink of bankruptcy few years ago due bad loans, today thanks to the new management the group has able reduce it by more than half.and has made a thumping profit.

believe me when it came to seylan every one was more concerned abt bad loans than anything else,so ppl who got this share good for you where as the rest can keep on chatting while the bank grows to new heights...

20SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 9:58 pm

achala75


Senior Equity Analytic
Senior Equity Analytic

Very encouraging performance. Bad debts has tremendously reduced.EPS (annual) Inceased to Rs.4.75. Especialy Last Q EPS has reported as Rs.6.09. congratulation!! Freinds, SB has improved its management and that is why we can see a strong BS now. If u estimate roughly based on last Q results, EPS for the next year could be around Rs. 25/-My god !!! What a PE we can see as at today's price less than 4. Huray!!!!

21SEYB result - pre announcement Empty Re: SEYB result - pre announcement Fri Feb 25, 2011 10:30 pm

RDS

RDS
Manager - Equity Analytics
Manager - Equity Analytics

i think this results not leaked to mkt today, didn't see any considerable movement.

Good weekend to plan something for new month.

i feel there are many big bosses to wash their hands in next month.

All are ready now, what else to be completed.. to most waited mega rally....


22SEYB result - pre announcement Empty Re: SEYB result - pre announcement Sat Feb 26, 2011 5:16 am

econ

econ
Global Moderator

RDS wrote:i think this results not leaked to mkt today, didn't see any considerable movement.

Good weekend to plan something for new month.

i feel there are many big bosses to wash their hands in next month.

All are ready now, what else to be completed.. to most waited mega rally....



I highly doubt any mega banking rally soon.
because apart from Commercial bank not any banks were able to show considerable increase of core business profit margins in this quarter. whole year reports may be good some banks but we had mega banking rally due to that in last September.

in my opinion, banks may be able to increase its profit margins in next quarter since new budget proposal (tax cuts on financial sector) affect from next quarter.

23SEYB result - pre announcement Empty Re: SEYB result - pre announcement Sat Feb 26, 2011 12:34 pm

RDS

RDS
Manager - Equity Analytics
Manager - Equity Analytics

econ wrote:
RDS wrote:i think this results not leaked to mkt today, didn't see any considerable movement.

Good weekend to plan something for new month.

i feel there are many big bosses to wash their hands in next month.

All are ready now, what else to be completed.. to most waited mega rally....



I highly doubt any mega banking rally soon.
because apart from Commercial bank not any banks were able to show considerable increase of core business profit margins in this quarter. whole year reports may be good some banks but we had mega banking rally due to that in last September.

in my opinion, banks may be able to increase its profit margins in next quarter since new budget proposal (tax cuts on financial sector) affect from next quarter.

Agree with u econ, but i feel mega rally for few selected stock, not only banks

24SEYB result - pre announcement Empty Re: SEYB result - pre announcement Sat Feb 26, 2011 12:39 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

RDS wrote:
econ wrote:[
I highly doubt any mega banking rally soon.
because apart from Commercial bank not any banks were able to show considerable increase of core business profit margins in this quarter. whole year reports may be good some banks but we had mega banking rally due to that in last September.

in my opinion, banks may be able to increase its profit margins in next quarter since new budget proposal (tax cuts on financial sector) affect from next quarter.

Agree with u econ, but i feel mega rally for few selected stock, not only banks

Yes, I think a mega rally for all banking stocks does not seem relevant ( unless cse goes beserk) as some are more undervalued than other. If there is a rally all will go up. Some with go up more than others.

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