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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » PABC renewed interest?

PABC renewed interest?

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1PABC renewed interest? Empty PABC renewed interest? Wed Mar 27, 2013 10:31 am

troy

troy
Moderator
Moderator
Any reason for renewed interest in PABC? Seems to be some sort of a news to come?

2PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 10:56 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
it seems Banking sector interest is going wide

3PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 11:36 am

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@salt wrote:it seems Banking sector interest is going wide

except SDB ? Surprised

4PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 11:59 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
SDB is not in good shape?
Neither numbers, no manamgement shows capability

5PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 12:33 pm

troy

troy
Moderator
Moderator
@salt wrote:SDB is not in good shape?
Neither numbers, no manamgement shows capability

True, all politial appointments. No business intentions compared to other banks.

How will this rally ends? Since the XD of HNB, COMB is nearing, what if those start to come down on XD? the others which followed without any proper reason will cpme down in greater speed i would imagine. Crying or Very sad

6PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 12:55 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@troy wrote:
@salt wrote:SDB is not in good shape?
Neither numbers, no manamgement shows capability

True, all politial appointments. No business intentions compared to other banks.

How will this rally ends? Since the XD of HNB, COMB is nearing, what if those start to come down on XD? the others which followed without any proper reason will cpme down in greater speed i would imagine. Crying or Very sad
Well, i don't think these share prices are going down due to moving close XD
Could be some profits taking, you may see some upwards even after the XD
Sampath could be exception

7PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 2:32 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
PABC Any chance of declaring a dividend ?

8PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 2:40 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Huh? Did not they give Rs 1 very recently? another dividend. would be very unwise .


@Hawk Eye wrote:PABC Any chance of declaring a dividend ?

9PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 3:12 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yes, the declared Rs 1/= recently.
If it inches little more up, then it will be the time for me to exit. Very Happy
@slstock wrote:Huh? Did not they give Rs 1 very recently? another dividend. would be very unwise .
@Hawk Eye wrote:PABC Any chance of declaring a dividend ?



Last edited by Kithsiri on Wed Mar 27, 2013 3:46 pm; edited 1 time in total

10PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 3:26 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Just be careful not to keep this when a rights issue comes along.

11PABC renewed interest? Empty Re: PABC renewed interest? Wed Mar 27, 2013 10:59 pm

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Reserves has been increased by 25% as per interim accounts as at 31/12/2012. (Rs. 2,430,865,000 from Rs.1,937,934,000)
Reserves are well over the share capital. (Rs. 1,548,966,000)
EPS is Rs.2.75. Net Asset Value is Rs. 14.04
There is a possibility of a bonus. This may be the reason for interest

12PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 12:22 am

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
good research BULLRUN ! for once i see a member justifying his theory ! i spoke to a research guy he said the same ! i feel BULLRUN your a well mature invester ! we need more of you in this forum !

13PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 12:32 am

chandikahw


Stock Trader
Yeah, thanks for that information!

14PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 12:39 am

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
PABC chairman invested in a stock broking company recently,could this be a reason as well?(just a thought)







15PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 6:26 am

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks BR (So I was wrong again that this is not the time to leave Embarassed ).
@bullrun wrote:Reserves has been increased by 25% as per interim accounts as at 31/12/2012. (Rs. 2,430,865,000 from Rs.1,937,934,000)
Reserves are well over the share capital. (Rs. 1,548,966,000)
EPS is Rs.2.75. Net Asset Value is Rs. 14.04
There is a possibility of a bonus. This may be the reason for interest

16PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 8:28 am

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If we consider recent past, ie. year 2012, 2011 and latter part of 2010 the bank shows a gradual improvement in NAV, EPS etc. NAV has been increased by 15% during the year ending 31/12/2012.

Their dividend policy is also appreciable. This year as well as last year they paid Rs. 1 each.

Branches too has increased by 9 (Total 73) and will contribute for earning in future. One can expect a progress in future. (Please note that I have about 60,000 of PABC so, don't take decision on my clarification and take your own decision looking at the facts.)
http://www.cse.lk/cmt/upload_report_file/388_1362134909290.pdf

17PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 9:49 am

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@bullrun wrote:Reserves has been increased by 25% as per interim accounts as at 31/12/2012. (Rs. 2,430,865,000 from Rs.1,937,934,000)
Reserves are well over the share capital. (Rs. 1,548,966,000)
EPS is Rs.2.75. Net Asset Value is Rs. 14.04
There is a possibility of a bonus. This may be the reason for interest

The Central requires licensed commercial banks to have capital reserves of Rs. 5 bn by 31 December 2015. According to above info they seems to be way below that.

18PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 1:31 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@gamaya wrote:
@bullrun wrote:Reserves has been increased by 25% as per interim accounts as at 31/12/2012. (Rs. 2,430,865,000 from Rs.1,937,934,000)
Reserves are well over the share capital. (Rs. 1,548,966,000)
EPS is Rs.2.75. Net Asset Value is Rs. 14.04
There is a possibility of a bonus. This may be the reason for interest

The Central requires licensed commercial banks to have capital reserves of Rs. 5 bn by 31 December 2015. According to above info they seems to be way below that.

I think it is 2.5B from next year. DP should exit PABC now that he has SAMP.

19PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 3:59 pm

CSE.SAS

CSE.SAS
Global Moderator
@rainmaker wrote:
@gamaya wrote:
@bullrun wrote:Reserves has been increased by 25% as per interim accounts as at 31/12/2012. (Rs. 2,430,865,000 from Rs.1,937,934,000)
Reserves are well over the share capital. (Rs. 1,548,966,000)
EPS is Rs.2.75. Net Asset Value is Rs. 14.04
There is a possibility of a bonus. This may be the reason for interest

The Central requires licensed commercial banks to have capital reserves of Rs. 5 bn by 31 December 2015. According to above info they seems to be way below that.

I think it is 2.5B from next year. DP should exit PABC now that he has SAMP.


DP may be dump PABC shares soon...

20PABC renewed interest? Empty Re: PABC renewed interest? Thu Mar 28, 2013 4:11 pm

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@gamaya wrote:

"The Central requires licensed commercial banks to have capital reserves of Rs. 5 bn by 31 December 2015. According to above info they seems to be way below that".

As per the Central Bank the bank has to increase capital as given below.

(a) Rs. 3 Billion by 31 December 2011
(b) Rs. 4 Billion by 31 December 2013
(c) Rs. 5 Billion by 31 December 2015

They have already complied for 2011 and for 2013 they have to maintained 4 Billion. As at 31/12/2012 Capital is Rs.3,979,831,000 (Equity - share capital + Reserves) So, it will not be a problem for 2013. By 2015 they have to earn only 1,000,000,000 as capital. There are many options to earn this. Definitely the bank will report a good profit and issuing of new shares to public or to existing share holders by way of a right issue.

Hence, I don't see a big risk over this compliance.

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