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Guys NTB was one of the shares I did my first analysis on when forum had few hundred people. Way back in Januaray 2011 .
Time to revisit NTB. This is not a buy recommendation to jump in. This is a "Investor" share which will not move 40% a day .
Recently this had a move up from Rs 46 to Rs 58. It can pull back a bit if market drops as RSI is high. But collection interest is there as i saw larger orders coming in.
Note :
*DFCC also bought 10% stake at Rs 58.
*
JKH and CFIN will have to reduce stake to 15% at some point . They already asked for an extension few months ago possibly due to bear market. When the news come again this share can gain more interest and selling price I presume will be higher than now.
* dividend yield is about 5% at present
Once this share hit Rs 110 in the mad bull market.
NTB is one of the more attractive growing banks still. Prices have come down due to bear market like other shares.
Also note there was Warrant issue last year , so the current earning include growth on new shares.
Last 2 quarter EPS of NTB x 2 = 3.87 x 2 = 7.75
NAV is around 39.
At around 2 PBV this is worth around Rs 80
On PE basis with 10 it is about Rs 80 again roughly;
With future growth ( many branches were opened and they might start gaining profit slowly) this is a mic cap bank with good management which can turn a COMB is few year time.
The whole banking sector is undervalued compared to market. So there are also other good banking/fin shares like LFIN,CFIN, SAMP, CDB ( I might go a small analysis on this later) etc etc
Time to revisit NTB. This is not a buy recommendation to jump in. This is a "Investor" share which will not move 40% a day .
Recently this had a move up from Rs 46 to Rs 58. It can pull back a bit if market drops as RSI is high. But collection interest is there as i saw larger orders coming in.
Note :
*DFCC also bought 10% stake at Rs 58.
*
JKH and CFIN will have to reduce stake to 15% at some point . They already asked for an extension few months ago possibly due to bear market. When the news come again this share can gain more interest and selling price I presume will be higher than now.
* dividend yield is about 5% at present
Once this share hit Rs 110 in the mad bull market.
NTB is one of the more attractive growing banks still. Prices have come down due to bear market like other shares.
Also note there was Warrant issue last year , so the current earning include growth on new shares.
Last 2 quarter EPS of NTB x 2 = 3.87 x 2 = 7.75
NAV is around 39.
At around 2 PBV this is worth around Rs 80
On PE basis with 10 it is about Rs 80 again roughly;
With future growth ( many branches were opened and they might start gaining profit slowly) this is a mic cap bank with good management which can turn a COMB is few year time.
The whole banking sector is undervalued compared to market. So there are also other good banking/fin shares like LFIN,CFIN, SAMP, CDB ( I might go a small analysis on this later) etc etc
Last edited by slstock on Wed Sep 05, 2012 6:25 pm; edited 1 time in total
