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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » SDB going to takeover by PLC

SDB going to takeover by PLC

+16
schemer
Octopus
Sarabulathwita
KPP
Gainer
D.G.Dayaratne
EWML
shadow walker
stockback
dougieboy
Dr Stock
prabath
windi5
nemesis
ccsentha
shan
20 posters

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1SDB going to takeover by PLC Empty SDB going to takeover by PLC Sat Sep 13, 2014 2:11 pm

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SDB huge collection going on People's Leasing going to takeover at more than 200.00 levels.

already PLC holding 10% shares another 10% to 20 % collectiong going on in the market after that takeover and mandatory offer will come.

2SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sat Sep 13, 2014 3:15 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

How do you know mate? SDB is a bank, so will PLC being a finance company take over a bank?

3SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sat Sep 13, 2014 4:09 pm

nemesis


Equity Analytic
Equity Analytic

one party can not buy more than 10% of shares of bank,if they want to do it first they have to get special permission from central bank such as TPG CAPITAL-UBC & john kells for nation trust

4SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sat Sep 13, 2014 4:38 pm

windi5

windi5
Moderator
Moderator

Its a right issue on the way.

5SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sat Sep 13, 2014 4:52 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Windy wants rights and price to go down others want takeover and price to go up,im with others.

6SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sat Sep 13, 2014 8:35 pm

Dr Stock

Dr Stock
Co-Admin

Very funny story .
Im also happy if SDB price goes up.
But PLC is going to take over SDB is unbeleivable.
And i dont think right issue will come either.

Some want to price go down to collect. Others want price up by taking over rumours !
Laughing Laughing Laughing

7SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 2:38 am

dougieboy


Moderator
Moderator

Funny indeed how 2 parties likes to "speculate" ( to put it mildly) with different price objectives.
One needs to use their brain to find the logical answer here.



Dr Stock wrote:Very funny story .
Im also happy if SDB price goes up.
But PLC is going to take over SDB is unbeleivable.
And i dont think right issue will come either.

Some want to price go down to collect. Others want price up by taking over rumours !
Laughing Laughing Laughing

8SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 3:53 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

dougieboy wrote:Funny indeed how 2 parties  likes to "speculate" ( to put it mildly)    with different price objectives.  
One needs to use their brain to find the logical answer here.



Dr Stock wrote:Very funny story .
Im also happy if SDB price goes up.
But PLC is going to take over SDB is unbeleivable.
And i dont think right issue will come either.

Some want to price go down to collect. Others want price up by taking over rumours !
Laughing Laughing Laughing

Now three parties.
1) Right Issue
2) No Rights Private placement(PLC)
3) No Rights No Private Placement

Ane manda kauru aththa kiyanawada manda.

what about these two together.

First Right Issue and collect big money
using that money buying a another Fin Company(Private placement of another company)

for the Right Issue they need reason(i don't think SDB has any financial problem)

9SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 7:33 am

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics

oh it cant be.. most of the SDB shares holding by their branches.. i dont think they are ready to sell their parts

10SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 7:51 am

EWML


Equity Analytic
Equity Analytic

shan wrote:SDB huge collection going on People's Leasing going to takeover at more than 200.00 levels.

already PLC holding 10% shares another 10% to 20 %  collectiong going on in the market after that takeover and mandatory offer will come.

@shan - This is not the correct way to promote SDB shares. You might have collected a large volume. Anyway, the net assets per share value is almost 135 at the moment. If a merger with another bank is taking place, this will be converted not below than NAV per share. Therefore, there's a potential to go up.

11SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 10:58 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

No economic reason give mandatory offer at abnormal high price

If it will be around 140/=

12SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 11:58 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Anyway in the banking sector SDB Bank only trading undervalue net asset value 136.00 and yearly

earning per share 20.00. Compare with others bank it's a more better it can move up 180.00

13SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 1:38 pm

KPP


Senior Equity Analytic
Senior Equity Analytic

It is going to be a rights issue. They need to increase their Capital to meet the new minimum capital requirements of CB.

14SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 2:45 pm

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

KPP wrote:It is going to be a rights issue. They need to increase their Capital to meet the new minimum capital requirements of CB.

if they want to increase capital they can split shares no need to rights issue

15SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 2:54 pm

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I can tell another thing.there can be a interim dividend.hows that?

16SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 4:34 pm

KPP


Senior Equity Analytic
Senior Equity Analytic

shan wrote:
KPP wrote:It is going to be a rights issue. They need to increase their Capital to meet the new minimum capital requirements of CB.

if they want to increase capital they can split shares no need to rights issue

mate.. a split will only increase the number of shares, not the stated capital of the company. To increase capital they have to either go for a rights issue or do a private placement. Out of these two their initial plan was to go for a rights issue.

17SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Sun Sep 14, 2014 11:31 pm

Dr Stock

Dr Stock
Co-Admin

Agree with KPP. share splits wont do anything for the company.
if they want collect money rights issue is the thing.
But why SDB want to go for a right issue ?
Can anyone explain why SDB in need of urgent money ?

18SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Mon Sep 15, 2014 1:06 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SDB announcement still pending coming soon and break 180.00

19SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Mon Sep 15, 2014 9:13 am

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics

shan wrote:SDB huge collection going on People's Leasing going to takeover at more than 200.00 levels.

already PLC holding 10% shares another 10% to 20 %  collectiong going on in the market after that takeover and mandatory offer will come.


where is the reference??????. Dont make this kind of comments without proof. All members are watchful in this forum but not watch dogs.

You can make conclusions like this only with reference. If your heading is a comment, opinion, idea then reference may not be needed.

At what price you did buy this ????. Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect

20SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Mon Sep 15, 2014 9:14 am

Octopus

Octopus
Expert
Expert

Rumors machan...! forum is the place to start rumors....! shall we start something today??? maybe PCH? OSEA?....LIOC?? GREG??

21SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Mon Sep 15, 2014 9:19 am

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Go by fundamentals or technical ,or momentum .
just disregard rumours.

22SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Mon Sep 15, 2014 9:20 am

KPP


Senior Equity Analytic
Senior Equity Analytic

Dr Stock wrote:Agree with KPP. share splits wont do anything for the company.
if they want collect money rights issue is the thing.
But why SDB want to go for a right issue ?
Can anyone explain why SDB in need of urgent money ?

As per the consolidation plan a specialzed bank needs to have capital of Rs. 5bn by 2016. You can refer the CB website to verify this.

As at 30th June the equity of SDB is 3.4b. So they have to raise at least 1.6 bn before 2016. My guess is that out of the 2 options rights issue is the most likely.

And I'm not saying that the price won't go up before an announcement is made.

23SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Mon Sep 15, 2014 6:11 pm

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

KPP wrote:
Dr Stock wrote:Agree with KPP. share splits wont do anything for the company.
if they want collect money rights issue is the thing.
But why SDB want to go for a right issue ?
Can anyone explain why SDB in need of urgent money ?

As per the consolidation plan a specialzed bank needs to have capital of Rs. 5bn by 2016. You can refer the CB website to verify this.

As at 30th June the equity of SDB is 3.4b. So they have to raise at least 1.6 bn before 2016. My guess is that out of the 2 options rights issue is the most likely.

And I'm not saying that the price won't go up before an announcement is made.
Thanx kpp, you're the one who came with sort of a reference... Smile
http://www.thesundayleader.lk/2014/01/05/financial-sector-consolidation/
http://www.cbsl.gov.lk/htm/english/_arc/consolidation.htm
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/speeches/speech_20140117e.pdf
http://www.cbsl.gov.lk/roadmap/roadmap2014_e.pdf

24SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Tue Sep 16, 2014 11:32 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SDB huge buying something will happen

25SDB going to takeover by PLC Empty Re: SDB going to takeover by PLC Tue Sep 16, 2014 11:58 am

slmarket2


Manager - Equity Analytics
Manager - Equity Analytics

if they merge, they don't need rights?

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