FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Today at 8:42 pm

» THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)
by THUWA Today at 8:23 pm

» Most Undervalued Shares
by cheetah Today at 8:04 pm

» CHRISSWORLD THE IPO
by jaya Today at 6:33 pm

» Amendments to be incorporated into Colombo Port City Bill – GL
by samaritan Today at 4:07 pm

» KGAL - THE SLEEPING GIANT
by THASSIM Today at 2:34 pm

» hospital sector
by cheetah Today at 1:51 pm

» ACCESS ENGINEERING ( AEL.N )
by samaritan Today at 1:14 pm

» GLAS will be winner with Super Gain.
by Eranga87 Today at 12:36 pm

» BOGA heating .....
by Thushara Ayya Today at 11:12 am

» Haycarb’s bottom line likely to boost with Tesla’s electric vehicles push worldwide (HAYC)
by MarketWch Today at 6:27 am

» First capital holdings CFVF.N0000
by SL-INVESTOR Yesterday at 9:11 pm

» CONTRADICTARY statements BY BUYER & SELLER RE: MGT & GREG
by GHERATH72 Yesterday at 9:02 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 4:27 pm

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by shihan 93 Yesterday at 1:16 pm

» Sunshine holding future potential
by Zahara khan Yesterday at 12:43 pm

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by CHRONICLE™ Yesterday at 7:27 am

» The market changes fast; it is OK to get out when you feel it is right and take the profits that you can. Stock market for beginners
by Asoka Samarakone Sun May 16, 2021 10:04 pm

» Ban of chemical fertilizers is a great news
by dayandacool Sun May 16, 2021 9:50 pm

» Economic Uncertainty Drives Crypto Growth in Sri Lanka
by CHRONICLE™ Sun May 16, 2021 9:23 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » NDB buys 8.5% stake in Seylan Bank for Rs. 1.6 b

NDB buys 8.5% stake in Seylan Bank for Rs. 1.6 b

Go down  Message [Page 1 of 1]

Teller

Teller
Moderator
Moderator

National Development Bank has purchased 8.5% stake in Seylan Bank for Rs. 1.6 billion which many believe was strategic.
NDB said it acquired 14.9 million voting shares on Tuesday. With the purchase NDB stake in Seylan has increased to 9.53%. On Tuesday around 15 million Seylan Bank shares changed hands including 11.7 million shares via crossing at Rs. 106 each.
NDB…
Sellers included a range of individuals and institutions who had been wanting to exit for sometime but couldn’t due to the absence of a serious buyer.

Gamunu


Senior Equity Analytic
Senior Equity Analytic
sorry bit of a huge noob question , sey bank is trading at 100.2 so ndb buys at 106 crossing that is a ~ 6 rupee premium, since it is a same sector entity it is most likely a strategic move, rather than an investment, if so could someone extrapolate on some of the "general" strategies available to NDB, if the buy was not strategic did NDB think this was a fair bargain, should we be looking at NDB and SEYBANK

raider


Manager - Equity Analytics
Manager - Equity Analytics
The premium of Rs. 6/- was somewhat of a premium for control (although it is not exactly so since maximum shareholding in a bank is limited to 15% except in certain special circumstances). I believe NDB would gain board representation at the forthcoming AGM.

Currently I see this as an investment made by NDB. However, this is subject to change where NDB proceeds with a further acquisition. This is also quite likely since Browns, LOLC and other Ishara Nanayakkara related party are required to reduce their stake in the bank over time.

If this is just another investment, then they will probably sell this stake to a foreign investor later on, given their strong relationships with such parties, making a good gain for themselves.

Teller

Teller
Moderator
Moderator
As per NDB justification,Who wants to exit from seylan bank?, i feel its not a wise decision on exit @ 106. the bank is performing very well and highly under value counter in banking sector. They had 3 billion plus profit for financial year 2014 too. We can say NDB is a real winner.


_________________




Teller said is said..

raider


Manager - Equity Analytics
Manager - Equity Analytics
Who wants to? But they HAD to.

It is undervalued indeed! Plus, there is a Rs. 2.50 dividend attached to that Rs. 106 stock also.

dinesh.lakshan58


Stock Trader
@Gamunu wrote:sorry bit of a huge noob question , sey bank is trading at 100.2 so ndb buys at 106 crossing that is a ~ 6 rupee premium, since it is a same sector entity it is most likely a strategic move, rather than an investment, if so could someone extrapolate on some of the "general" strategies available to NDB, if the buy was not strategic did NDB think this was a fair bargain, should we be looking at NDB and SEYBANK

dinesh.lakshan58


Stock Trader
I give many

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
the issue with seybank is that their loan book is just a bunch of business related overdrafts. I haven't kept in touch with this counter so im not sure if the hyatt investment is still on the books at face value.

the credit card portfolio within this bank is also very small.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum