Sampath Bank Dividend

Gaja · 1 Sampath Bank Dividend Wed Feb 15, 2012 1:07 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 8517
Reputation : 260
Join date : 2011-01-27
Age : 37
Location : Colombo

http://www.cse.lk/cmt/upload_cse_announcements/4131329291246_.pdf - 4.50/= Cash & 4.50 Scrip

Last edited by Gaja on Wed Feb 15, 2012 1:22 pm; edited 1 time in total

Gaja · 2 Re: Sampath Bank Dividend Wed Feb 15, 2012 1:21 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 8517
Reputation : 260
Join date : 2011-01-27
Age : 37
Location : Colombo

SAMPATH BANK PLC
Company ID: - SAMP
Date of Announcement:-15.Feb.2012
Rate of Dividend: - Rs.4.50 per share / Full & Final Dividend
Financial Year: - 2011
Shareholder Approval: - Required
AGM: - 30.Mar.2012
XD: - 02.Apr.2012
Payment: - 09.Apr.2012
Share Transfer Book Open

SCRIP DIVIDEND :-
Date of Announcement: - 15.Feb.2012
Proportion: - (01) share for 43.06 shares
Financial Year: - 2011
AGM: - 30.Mar.2012
XD: - 02.Apr.2012
Qty Offered: - 3,642,637
Shareholder Approval: - Required

anubis · 3 Re: Sampath Bank Dividend Wed Feb 15, 2012 1:33 pm

anubis

Senior Manager - Equity Analytics

Posts : 474
Equity Stars : 4229
Reputation : 31
Join date : 2011-03-21

I did a small analysis on SAMP recently:

Total shares as of 2011/09/30: 156,854,190 (from the quarterly report IIRC)

Profits for quarter ending on 2011/03/31: 980,053,000 EPS = 6.25
Profits for quarter ending on 2011/06/30: 1,134,798,000 EPS = 7.23
Profits for quarter ending on 2011/09/30: 1,149,226,000 EPS = 7.33

Note that I haven't adjusted the EPS values for any new shares created after 2011/09/30 (like in the case of this scrip dividend).

In any case, for them to declare that kind of a dividend, I guess we can assume an EPS of 6 Rs. at the least for the 2011/12/31 quarter. So the EPS for the entire year would be around:

6.25 + 7.23 + 7.33 + 6.00 = 26.81

There fore, P/E = 170 / 26.81 = 6.4 (rounded)

Now, previously I was angry about the ESOP stuff they pulled off. But I was too naive to think that it had a huge effect on share-holders. IMHO this share is a very good one for current price.

Although I don't want to promote this, it could fall further, I don't know (how can I know that?). Anyway, what do experts think about the current price?

Cheers!

FXX · 4 Re: Sampath Bank Dividend Wed Feb 15, 2012 11:02 pm

FXX

Senior Manager - Equity Analytics

Posts : 556
Equity Stars : 4273
Reputation : 35
Join date : 2011-05-03
Location : The Miracle of Asia

Technically SAMP has Tested Fibonacci 50% twice but haven't broken it both times so 170 seems a strong support level

CSE.SAS · 5 Re: Sampath Bank Dividend Thu Feb 16, 2012 6:00 am

CSE.SAS

Global Moderator

Posts : 2620
Equity Stars : 10123
Reputation : 158
Join date : 2011-02-02
Age : 34

@anubis wrote:I did a small analysis on SAMP recently:

Total shares as of 2011/09/30: 156,854,190 (from the quarterly report IIRC)

Profits for quarter ending on 2011/03/31: 980,053,000 EPS = 6.25
Profits for quarter ending on 2011/06/30: 1,134,798,000 EPS = 7.23
Profits for quarter ending on 2011/09/30: 1,149,226,000 EPS = 7.33

Note that I haven't adjusted the EPS values for any new shares created after 2011/09/30 (like in the case of this scrip dividend).

In any case, for them to declare that kind of a dividend, I guess we can assume an EPS of 6 Rs. at the least for the 2011/12/31 quarter. So the EPS for the entire year would be around:

6.25 + 7.23 + 7.33 + 6.00 = 26.81

There fore, P/E = 170 / 26.81 = 6.4 (rounded)

Now, previously I was angry about the ESOP stuff they pulled off. But I was too naive to think that it had a huge effect on share-holders. IMHO this share is a very good one for current price.

Although I don't want to promote this, it could fall further, I don't know (how can I know that?). Anyway, what do experts think about the current price?

Cheers!

Good Work mate

Sponsored content

Latest topics

Sampath Bank Dividend

1 Sampath Bank Dividend Wed Feb 15, 2012 1:07 pm

Gaja

2 Re: Sampath Bank Dividend Wed Feb 15, 2012 1:21 pm

Gaja

3 Re: Sampath Bank Dividend Wed Feb 15, 2012 1:33 pm

anubis

4 Re: Sampath Bank Dividend Wed Feb 15, 2012 11:02 pm

FXX

5 Re: Sampath Bank Dividend Thu Feb 16, 2012 6:00 am

CSE.SAS

6 Re: Sampath Bank Dividend

Sponsored content