SEYB Right issue

dhamm · 26 Re: SEYB Right issue Wed Mar 02, 2011 9:51 am

dhamm

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xmart wrote:

SEYB is a different matter. The news does not seem to have leaked before the announcement, so it doesn't look like a bunch of people have collected to sell on the announcement. So I think that the price will stay within + or - 2 rupees from the current price.

agree. within 1 week there are only 1.5 Mn shares traded. no one collect nor one dispose shares. market now trading at discount price for both N and X. probably, tomorrow we can see sudden dip lead by retailers.

anyway, my stars said, N will touch 150 end of this month. this is the same star told me ECL will touch 45. it told me to hold into SEYB. no guarantee. just a news, even though i can't understand, i will hold onto my SEYB. its advice worked to me.

anyway, I will not sell at loss. get the dividend is better than, sold at loss and regret later. since i'm having holding power, i will hold onto my SEYB.

Dear xmart,
Based on the fundamentals, can it reach 150? ( i know you say its just a news).

Last yr, EPS is 4.83. Last Qtr EPS is 1.51 ( annualized 6.04)

Based on trailing EPS with PER of 15, price = 72.45
Based on forward EPS with PER of 15, price = 90.6

Don't you think SEYB.N is fairly valued even compared to the near future prospects? Of course it will have above average prospects in long run.

What do you think on above?

Disclosure: I also N with more than 10% loss.

1st · 27 Re: SEYB Right issue Wed Mar 02, 2011 10:02 am

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I think "econ" is correct on this matter... This is a share of one of a leading bank of Sri Lanka. The bank is operating under a very talented set of people like other banks... And also it is a good bank... I think long/medium term investors will get the benefit of this RIGHT issue and ... those who panic will lose...
Don’t predict anything in the current market unless if you have the power to manipulate the market.
This is not 100% fundamental driven now... But strong and fundamentally good share investors will survive... Short term investors will have BIG gains+ Big Losses = (small profit or big losses)... Fundamentally good investors will have a good gain at the end of each year…
I STILL KNOW/BELIVE “SEYB” AS A VERY GOOD SHARE…..

xmart · 28 Re: SEYB Right issue Wed Mar 02, 2011 10:58 am

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dhamm,

I know that. but to valuate SEYB, better to use BFI sector PE. 150 is too optimistic. like in case of ECL to 45. but probably, there should be something. market always not driven by simple mathematics like PEx EPS= price...
there are several variables which drive the market. stick to fundamental and play some games safely. if you can play with fundamentals, it is nice, isn't it?

ShareShares · 29 Re: SEYB Right issue Wed Mar 02, 2011 11:28 am

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I will just hold on to SEYB and observe. Financials are good. It is also important to observe what the bank is doing these days are they selling shares. Banks like HNB, SAMP and SAMP negotiate large deals at higher level than the current level and their cash positions are strong these banks do not seem to be selling. HNB went for a large issue over ten years ago since then their cash position is strong. Observations in next two to three weeks will give a clear idea about the SEYB issue.

ShareShares · 30 Re: SEYB Right issue Wed Mar 02, 2011 12:33 pm

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It is important to know whether the crossings take place at a higher level, same level or a lower level. I continue to observe large scale crossings these days DFCC, COMB, HNB and SAMP crossings were either higher level or at the same level. DFCC around 200, COMB at around 271, and SAMP around 400 and HNB at the same level and so on, now HNB it is going up. These crossings give an idea about the future trends.

godswen · 31 Re: SEYB Right issue Wed Mar 02, 2011 2:16 pm

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But do you guys remember the LCEY rights issue? 1:7 last november brought the share price down but now see where it is?

Well i won't say SEYB will be the same but with this money company will have a better cash position. Let's see. For me I don't know what to do cuz I hold around 5.5k SEYB.N in my dads pf averaged at 20 lkr. Cuz he would mind giving me another 130k for the issue.

So Should I still apply for rights or just sell em off at a better price?

mono · 32 Re: SEYB Right issue Wed Mar 02, 2011 2:20 pm

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The problem with SEYB is the X. 90+% of it is held by retailers from what i know. There is good chance that a sizable number of these people will not have enough money to subscribe for the rights issue and therefore will dump

godswen · 33 Re: SEYB Right issue Wed Mar 02, 2011 2:59 pm

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mono wrote:The problem with SEYB is the X. 90+% of it is held by retailers from what i know. There is good chance that a sizable number of these people will not have enough money to subscribe for the rights issue and therefore will dump

What do you think I should do with the N?

econ · 34 Re: SEYB Right issue Wed Mar 02, 2011 3:08 pm

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mono wrote:The problem with SEYB is the X. 90+% of it is held by retailers from what i know. There is good chance that a sizable number of these people will not have enough money to subscribe for the rights issue and therefore will dump

agree with that..

tubal · 35 Re: SEYB Right issue Wed Mar 02, 2011 3:29 pm

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econ wrote:

mono wrote:The problem with SEYB is the X. 90+% of it is held by retailers from what i know. There is good chance that a sizable number of these people will not have enough money to subscribe for the rights issue and therefore will dump

agree with that..

Thanks for pointing this out. To my mind though this being retailed out might turn out to be good news for those with cash. It would give some of them the opportunity to apply for a few extra rights.

dhamm · 36 Re: SEYB Right issue Wed Mar 02, 2011 3:40 pm

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tubal wrote:

econ wrote:

mono wrote:The problem with SEYB is the X. 90+% of it is held by retailers from what i know. There is good chance that a sizable number of these people will not have enough money to subscribe for the rights issue and therefore will dump

agree with that..

Thanks for pointing this out. To my mind though this being retailed out might turn out to be good news for those with cash. It would give some of them the opportunity to apply for a few extra rights.

But will there be much motivation to pay 35/= for a share trading below 45?

Slstock · 37 Re: SEYB Right issue Wed Mar 02, 2011 4:51 pm

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dhamm wrote:

tubal wrote:

econ wrote:

mono wrote:The problem with SEYB is the X. 90+% of it is held by retailers from what i know. There is good chance that a sizable number of these people will not have enough money to subscribe for the rights issue and therefore will dump

agree with that..

Thanks for pointing this out. To my mind though this being retailed out might turn out to be good news for those with cash. It would give some of them the opportunity to apply for a few extra rights.

But will there be much motivation to pay 35/= for a share trading below 45?

Point there but some of us might looking at long term prospects of the Bank. Lets see what happens.

xmart · 38 Re: SEYB Right issue Wed Mar 02, 2011 8:19 pm

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here is the evidence SEYB popularity.
31 Replies
1072 views
for this post.

people have much apatite on SEYB right issue. may be SEYB change the history of recent right issues.
wait and see...... Shocked

Fresher · 39 Re: SEYB Right issue Wed Mar 02, 2011 8:27 pm

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With the comments gathered, and with what mono said,
N should go up and X should fall... creating a larger gap between the two.
What will happen? let's wait and see.

tubal · 40 Re: SEYB Right issue Wed Mar 02, 2011 9:05 pm

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npp wrote:With the comments gathered, and with what mono said,
N should go up and X should fall... creating a larger gap between the two.
What will happen? let's wait and see.

Which creates another paradox and makes the SEYB.X more attractive again :-) I think the best strategy really is to wait until next week before buying or selling

gamester · 41 I am going to buy new vehicle Wed Mar 02, 2011 9:28 pm

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Hummmmmm.......it will be a new PRADO or old cart

chamith · 42 Re: SEYB Right issue Wed Mar 02, 2011 10:24 pm

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the prices will go down drastically due to dumping by poor retailers initially.
when its getting close to the XR date the prices will go up again since guys with money will be collecting at a discounted price. So cash rich big guys will buy the shares for less + will get the opportunity to opt for the right issue.....

Always money talks... Very Happy

ss7097 · 43 Re: SEYB Right issue Thu Mar 03, 2011 2:20 am

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Dear Experts,

Which date they consider to release Right issues for the share holders? Like issue Dividents, is there closing date for Rights issues too?

econ · 44 Re: SEYB Right issue Thu Mar 03, 2011 4:36 am

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ss7097 wrote:Dear Experts,

Which date they consider to release Right issues for the share holders? Like issue Dividents, is there closing date for Rights issues too?

yes annoucement has XR date .. so you need to buy shares before the XR date to get rights.

econ · 45 Re: SEYB Right issue Thu Mar 03, 2011 4:37 am

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tubal wrote:

npp wrote:With the comments gathered, and with what mono said,
N should go up and X should fall... creating a larger gap between the two.
What will happen? let's wait and see.

Which creates another paradox and makes the SEYB.X more attractive again :-) I think the best strategy really is to wait until next week before buying or selling

yeah waiting is very important in this case.

ss7097 · 46 Re: SEYB Right issue Thu Mar 03, 2011 6:47 am

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econ wrote:

tubal wrote:

npp wrote:With the comments gathered, and with what mono said,
N should go up and X should fall... creating a larger gap between the two.
What will happen? let's wait and see.

Which creates another paradox and makes the SEYB.X more attractive again :-) I think the best strategy really is to wait until next week before buying or selling

yeah waiting is very important in this case.

Thanks econ for the advice.

Monster · 47 Re: SEYB Right issue Thu Mar 03, 2011 9:43 am

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SEYB.X is trading at 41.50. This is the time to collect, if it goes further down. Panic retailers are selling on cheat raptes.

Meta Trader · 48 Re: SEYB Right issue Thu Mar 03, 2011 10:05 am

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Don't forget people it is a Massive issue (Rs. 4.7 billion ) Wink

StocksWatch · 49 Re: SEYB Right issue Thu Mar 03, 2011 10:20 am

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Guys, Seylan bank shares are on sale in the CSE. It is like Awrudu sale...Those who are intelligent will grab the opportunity.

xmart · 50 Re: SEYB Right issue Thu Mar 03, 2011 10:28 am

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will it drop further...??? 40- is a dream price... 41+ is not bad at all..

Meta Trader · 51 Re: SEYB Right issue Thu Mar 03, 2011 10:50 am

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xmart wrote:will it drop further...??? 40- is a dream price... 41+ is not bad at all..

some time Dreams come true. Twisted Evil

the problem is non voting shares. Shocked

Percentage of Public Holdings as at 31St december 2010

Voting Shares - 45.84 %
Non voting - 99.99%

Monster · 52 Re: SEYB Right issue Thu Mar 03, 2011 11:11 am

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I am collecting at this level and will superscribe for right issues and going to keep it for long term. It may go down further. Even I am happy to collect at this level. Smile

Slstock · 53 Re: SEYB Right issue Thu Mar 03, 2011 11:19 am

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Monster wrote:I am collecting at this level and will superscribe for right issues and going to keep it for long term. It may go down further. Even I am happy to collect at this level.

Monster,
I also no idea where this market heading with panic sellers. I am at a loss of 20% of SEYB.x as i have shares.

But yes at this rate it is more than attractive this price. Not sure whether it'' go down further.

chamith · 54 Re: SEYB Right issue Thu Mar 03, 2011 11:26 am

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wht do u guys think? will the prices go down tomorrow also?
This makes the share look more attractive,,,
Well i decided to collect and avg my cost.

IF the prices go down more thn right issue prices wont be as discounted as it seems like,,,,

Slstock · 55 Re: SEYB Right issue Thu Mar 03, 2011 11:33 am

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chamith wrote:wht do u guys think? will the prices go down tomorrow also?
This makes the share look more attractive,,,
Well i decided to collect and avg my cost.

IF the prices go down more thn right issue prices wont be as discounted as it seems like,,,,

The market has been dropping for past few days. SEYB right announcement came at a bad timing. So the drop was with th trend. WHo know if the market bounces back a bit tomorrow it might go up a again. We have to identify the consilidation point.
Bit too early to do that yet as today is bloody.

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SEYB Right issue

26 Re: SEYB Right issue Wed Mar 02, 2011 9:51 am

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