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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » UBC - Sri Lankan Unit to be sold

UBC - Sri Lankan Unit to be sold

Go down  Message [Page 1 of 1]

1UBC - Sri Lankan Unit to be sold  Empty UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 1:25 pm

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
UBC - Sri Lankan Unit to be sold soon at a reasonable price ..
http://www.lankabusinessonline.com/news/Sri_Lankas_Union_Bank_change_by_RAM/188486084

2UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 1:44 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Sanju, you know about the issue with price targets, Yet you keep giving price targets without proof.

Is this randomly made up price? Also if this is not confrmed news edit you title. It suggests it will be surely sold .



1) Even if there is a crossign at Rs 35 or even Rs 45 , you know how market behaves. AAIC crossing at Rs 128 but still trading at Rs 80+. BIL crossign at rs 5.5 still at rs 3.2
2) UBC was trading at Rs 14 for a considerable time. Also goign with book value and current earnings , paying Rs 35 will be crazy for the investor ( if they do) . That is over 100% market price over the last year or so.



Last edited by slstock on Tue Apr 09, 2013 2:04 pm; edited 1 time in total

3UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 1:51 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
VISTA is not planning on selling. It is owned by Genting

There was an internal restructure within Vista where Lovell and the other one in Singapore sold their stakes in Vista to Genting

After that Vista owned Genting entered into a joint venture with CIMB and Lovell and the other one.

http://www.cimb.com/index.php?ch=352&pg=1220&ac=955&bb=attachment_1


What you may see is a internal shareholder restructure of Vista where Genting sells to someone else (private sale)


4UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 4:50 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
the link is not even working.. I wonder when can he stop promotin?

5UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:01 pm

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@smallville wrote:the link is not even working.. I wonder when can he stop promotin?

Check the website Randiva .lk for the news item

6UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:28 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@sanju351 wrote:
@smallville wrote:the link is not even working.. I wonder when can he stop promotin?

Check the website Randiva .lk for the news item

Didnt find anything useful in that too.. if u find, u can post the source here...



Last edited by smallville on Tue Apr 09, 2013 6:44 pm; edited 2 times in total

7UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:30 pm

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Sanju, you know about the issue with price targets, Yet you keep giving price targets without proof.

Is this randomly made up price? Also if this is not confrmed news edit you title. It suggests it will be surely sold .



1) Even if there is a crossign at Rs 35 or even Rs 45 , you know how market behaves. AAIC crossing at Rs 128 but still trading at Rs 80+. BIL crossign at rs 5.5 still at rs 3.2
2) UBC was trading at Rs 14 for a considerable time. Also goign with book value and current earnings , paying Rs 35 will be crazy for the investor ( if they do) . That is over 100% market price over the last year or so.

Agree 100%
But according to the speculation UBC deal is for 100% share ownership - Like AIA did - the sources say by way of even a mandatory offer even the new party will go for 100% ownership and they are the same people who are going to take over CITI bank operations in Sri Lanka as well ..

So it is not like BIL & AAIC or any other deal ...

Collectors at low level might be winners of big time - But allways with speculation the Risk also involved - we have to take that to account as well

After all fortune favours the brave !!

cheers cheers cheers cheers cheers cheers

8UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:46 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Brave dont need Fortune.. helpless might..

Ppl who bought this at pretty low levels already sold. IF you didnt, its time Wink

9UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 6:58 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@smallville wrote:Brave dont need Fortune.. helpless might..
Ppl who bought this at pretty low levels already sold. IF you didnt, its time Wink
Very Happy

10UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 7:15 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Kithsiri, any chance of the treat with the millions or is it billion you made Very Happy

@Kithsiri wrote:
@smallville wrote:Brave dont need Fortune.. helpless might..
Ppl who bought this at pretty low levels already sold. IF you didnt, its time Wink
Very Happy

11UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 8:07 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
ah joker malli is back

12UBC - Sri Lankan Unit to be sold  Empty Re: UBC - Sri Lankan Unit to be sold Tue Apr 09, 2013 10:38 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@rainmaker wrote:VISTA is not planning on selling. It is owned by Genting

There was an internal restructure within Vista where Lovell and the other one in Singapore sold their stakes in Vista to Genting

After that Vista owned Genting entered into a joint venture with CIMB and Lovell and the other one.

http://www.cimb.com/index.php?ch=352&pg=1220&ac=955&bb=attachment_1


What you may see is a internal shareholder restructure of Vista where Genting sells to someone else (private sale)



What u have posted is good..I dont have a clue btw..Is there any relationship with UBC?

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