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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Any idea about UBC current situation?

Any idea about UBC current situation?

Go down  Message [Page 1 of 1]

1Any idea about UBC current situation? Empty Any idea about UBC current situation? Wed Jul 31, 2013 10:18 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
How do you define UBC on short term?

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As per the article in FT NDB eyeng UBC. When that time I post this post I heard this speculation but Im not 100% sure about it. Only rumors no...
And in that time it was trading at 18 now 16.80. Feel its good to buy at these prices. Short term players keep an eye...

3Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 21, 2013 11:01 am

dudi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
if the deal goes through,what is the target price for UBC? can someone pls explain?

4Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 21, 2013 11:29 am

K.Haputantri

K.Haputantri
Co-Admin
http://forum.srilankaequity.com/t30342-ndb-eyeing-union-bank#178930

5Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 21, 2013 11:46 am

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
both banks, which are listed, haven’t made talks public on the basis that they are either preliminary or inconclusive.
Financial services industry sources nevertheless said talks have progressed to a stage where preferred price per share or a share swap have been indicated.
Union Bank’s net asset per share was Rs. 15.84 as at June 2013 and was trading at Rs. 16.80 levels on Monday. Banking industry analysts speculated the strike price per share in the event of a deal could be in the range of Rs. 22 and Rs. 24.

http://www.ft.lk/2013/08/21/ndb-eyeing-union-bank/

6Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 21, 2013 12:47 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@dudi wrote:if the deal goes through,what is the target price for UBC? can someone pls explain?
If deal goes through, target price 24 - short term great buy

7Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 21, 2013 12:58 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Anyway since the negotiations not done and news paper like FT declared to public, hmmm..., Im having some doubt about stock market ethics. Nevertheless 16.80-17 seems pretty much OK. But dont buy on credit. It may take some time...

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
NDB, Union Bank respond to Daily FT story
Published : 12:57 am August 22, 2013

In response to the Daily FT story yesterday titled ‘NDB eyeing Union Bank,’ the two banks issued separate statements.
Union Bank Director and CEO Anil Amarasuriya said the bank had not had any discussions with NDB Bank PLC regarding a possible merger/acquisition and the information stated therein was inaccurate.
NDB in a clarification pertaining to certain content set out in the article said: “We wish to state that no formal discussions pertaining to such an acquisition/investment have taken place as at date as suggested by the article.” “While acknowledging that NDB’s strategic expansion aspirations have in the past included inorganic growth, we reiterate that NDB remains optimistic in exploring all viable expansion possibilities. Thus, should NDB be presented with any favourable proposals, such acquisitions/investments would be carried out in adherence with all prevailing laws, regulatory rules and guidelines,” NDB added.

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is what the management of Hemas said about the Morrison takeover. One senior manager said there is no basis at all blah blah but the deal happened within a week. Then the Nanda investment story.

The thing is management can not acknowledge this otherwise will be giving insider information. Whether it happens or not is what we do not know.

Even if news paper reporters know this type of information they should not publish these stories. SEC should take action to prevent this happening again.

10Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Thu Aug 22, 2013 9:15 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes Balapas,
FT mislead the public and several of poor retailers were definitely got caught yesterday at high prices. Hence, I feel it will happen in future and who are interested try to buy at low and keep for some time. Anyway UBC last quarter results was good.

11Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Thu Aug 22, 2013 9:37 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I also bit doubt about FT, looks planned drama. If that info is true, I guess, this much of share wouldn't be in da mkt yesterday...

12Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Thu Aug 22, 2013 9:40 am

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Who knows, may be somebody wanted to make the exit on a higher price. Whole story is suspicious since SEC didn't want to suspend the trading pending a clarification.

Even though the said acquisition to be taken place in future, I'm pretty sure published value will not more than NAV of UB or lesser.

13Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Thu Aug 22, 2013 9:46 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
But quarterly result is good

14Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Thu Aug 22, 2013 10:20 am

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Results are not bad given that banks have reduced earnings compared to the quarter ending June 2012 . UBC, NTB and SDB had increased earnings while others did not right?

15Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Tue Aug 27, 2013 8:42 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
UBC was trading around 15.80 today.
I think this is a good price to enter. I meant surely there is something between NDB and UBC. Buy even 1000 shares and forget it. Deal happen or not price is good. If market fall more you can buy 15 also.
Only my idea and Im going to buy.

16Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 28, 2013 12:49 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
UBC @ 14.2/12.5 Dont be in a Hurry....

17Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 28, 2013 9:08 am

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
UBC is over valued both in terms of P/E and net asset value. When this story was out I wanted to read on this and talk to people because RS 22- 24 seemed a bit too high. Now there is a gradual decline in the price. This story of NDB wanting to buy UBC was in the news in 2001 as you can see here http://www.island.lk/2001/01/07/news01.html

If you look at the UBC chart in April it has gone up to Rs23.70 so then the two parties might have started the discussions. Having a business meeting does not mean its a done deal so we have to wait and see.

18Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 28, 2013 9:15 am

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@balapas wrote:UBC is over valued both in terms of P/E and net asset value. When this story was out I wanted to read on this and talk to people because RS 22- 24 seemed a bit too high. Now there is a gradual decline in the price. This story of NDB wanting to buy UBC was in the news in 2001 as you can see here http://www.island.lk/2001/01/07/news01.html

If you look at the UBC chart in April it has gone up to Rs23.70 so then the two parties might have started the  discussions. Having a business meeting does not mean its a done deal so we have to wait and see.
UBC is close to the industry PE and PBV :s Its not significantly over-valued especially since it had a good quarter!

19Any idea about UBC current situation? Empty Re: Any idea about UBC current situation? Wed Aug 28, 2013 9:52 am

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Humble wrote:
@balapas wrote:UBC is over valued both in terms of P/E and net asset value. When this story was out I wanted to read on this and talk to people because RS 22- 24 seemed a bit too high. Now there is a gradual decline in the price. This story of NDB wanting to buy UBC was in the news in 2001 as you can see here http://www.island.lk/2001/01/07/news01.html

If you look at the UBC chart in April it has gone up to Rs23.70 so then the two parties might have started the  discussions. Having a business meeting does not mean its a done deal so we have to wait and see.
UBC is close to the industry PE and PBV :s Its not significantly over-valued especially since it had a good quarter!
Read what I said, I did not say its significantly overvalued. So you agree its overvalued although not significantly. Smile

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