NEW ERA - UNION BANK

SUSPENS · 1 NEW ERA - UNION BANK Sun May 24, 2015 8:49 am

SUSPENS

Assistant Vice President - Equity Analytics

Posts : 760
Equity Stars : 4153
Reputation : 26
Join date : 2015-04-16

DIVIDEND ANNOUNCEMENT - PENDING ( NEXT WEEK )

CULTURE FINANCIAL HOLDINGS LTD - GOING TO BUY NEW SHARES @ 30/-

Fernando P.D.J ---------???????
De Silva B.A.K ---------???????
Nayak P.J. ---------???????
Lovell A.I ---------??????

LETS C....

SUSPENS · 2 Re: NEW ERA - UNION BANK Sun May 24, 2015 8:50 am

SUSPENS

Assistant Vice President - Equity Analytics

Posts : 760
Equity Stars : 4153
Reputation : 26
Join date : 2015-04-16

THIS MAY BE A NEW ERA OF UBC LIKE COCR & SEYLAN...

Guys keep ur eyes open.........

jaya · 3 Re: NEW ERA - UNION BANK Sun May 24, 2015 10:38 am

jaya

Assistant Vice President - Equity Analytics

Posts : 647
Equity Stars : 5798
Reputation : 11
Join date : 2011-01-25

UBC will start its journey very soon, like Sylan bank. This is the only profit making low value BF sector share available in the CEC

Thushara Ayya · 4 Re: NEW ERA - UNION BANK Sun May 24, 2015 3:47 pm

Thushara Ayya

Moderator

Posts : 1191
Equity Stars : 7182
Reputation : 26
Join date : 2011-09-02
Location : Maharagama

I too think so....Good share @ current price level...

wisdom79 · 5 Re: NEW ERA - UNION BANK Sun May 24, 2015 6:21 pm

wisdom79

Vice President - Equity Analytics

Posts : 1360
Equity Stars : 5056
Reputation : 22
Join date : 2015-03-09

I also got that news and it will reach 80, but no time or date. It is a famous news!

jaya · 6 Re: NEW ERA - UNION BANK Sun May 24, 2015 6:27 pm

jaya

Assistant Vice President - Equity Analytics

Posts : 647
Equity Stars : 5798
Reputation : 11
Join date : 2011-01-25

wisdom79 wrote:I also got that news and it will reach 80, but no time or date. It is a famous news!

jaya · 7 Re: NEW ERA - UNION BANK Sun May 24, 2015 6:27 pm

jaya

Assistant Vice President - Equity Analytics

Posts : 647
Equity Stars : 5798
Reputation : 11
Join date : 2011-01-25

To optimistic, UBC will reach 50.00 in short term but 80 may be long term.Seylan bank take one year to reach 78.00 from 25.00 same way UBC will follow.

fireshelter · 8 Re: NEW ERA - UNION BANK Sun May 24, 2015 6:32 pm

fireshelter

Associate Director - Equity Analytics

Posts : 3033
Equity Stars : 9181
Reputation : 37
Join date : 2014-06-12

still we can,t see any growth and also higher valuation

raider · 9 Re: NEW ERA - UNION BANK Sun May 24, 2015 8:18 pm

raider

Manager - Equity Analytics

Posts : 265
Equity Stars : 3692
Reputation : 8
Join date : 2015-02-24

Hoping that UBC will go up soon. I bought a small a quantity for speculative trading and now I'm stuck.

I really don't see any value in UBC right now unless they recruit from the market and get rid of their useless management.

Also, UBC really has a long way to go in making their plans realistic and workable. Cost control exercises also seem to be a must.

Teller · 10 Re: NEW ERA - UNION BANK Sun May 24, 2015 8:23 pm

Teller

Moderator

Posts : 5640
Equity Stars : 17119
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Their administrative expeses are little high as new branches are opening even recently opened. Still medium to long time period requires to grow. In market share price terms 28 plus to 35/- are more sellers are waiting to sell. Those took after the ipo are waiting to sell. Wants more time to reach to 40/- ,50/- . goodluck.

raider · 11 Re: NEW ERA - UNION BANK Sun May 24, 2015 8:29 pm

raider

Manager - Equity Analytics

Posts : 265
Equity Stars : 3692
Reputation : 8
Join date : 2015-02-24

I agree about the branches.

But what I'm saying is they have provided top of the line benefits to management for basically doing nothing. UB Finance is a disaster but the amount of unnecessary costs they take up are outrageous.

Also, just look at how they are sitting on all the cash from the Private Placement.

Teller · 12 Re: NEW ERA - UNION BANK Mon May 25, 2015 3:23 am

Teller

Moderator

Posts : 5640
Equity Stars : 17119
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Even businessmen who deals with cheques are hating this bank. The reason is they requires more time to clear. If you deposit a third party cheque to sampath and union bank in same time, union bank takes half an hour more. The reason is sampath,combank cheques are clearing early but union cheques are clearing at last,(clearing starts 2.30 pm onwards)So most of the businessmen they know this secret. Most of the current accounts are closing in a short time due to this delay. (I experienced same delay in sep,2014)

worthiness · 13 Re: NEW ERA - UNION BANK Mon May 25, 2015 10:33 am

worthiness

Senior Vice President - Equity Analytics

Posts : 2577
Equity Stars : 8931
Reputation : 115
Join date : 2011-04-08

In past few weeks, it is noticed that a substantial volume of UBC shares had been bought. I guess it is on the verge of overbought limit. Isn't it? Any comments.

SUSPENS · 14 Re: NEW ERA - UNION BANK Mon May 25, 2015 11:24 am

SUSPENS

Assistant Vice President - Equity Analytics

Posts : 760
Equity Stars : 4153
Reputation : 26
Join date : 2015-04-16

Teller wrote:Even businessmen who deals with cheques are hating this bank. The reason is they requires more time to clear. If you deposit a third party cheque to sampath and union bank in same time, union bank takes half an hour more. The reason is sampath,combank cheques are clearing early but union cheques are clearing at last,(clearing starts 2.30 pm onwards)So most of the businessmen they know this secret. Most of the current accounts are closing in a short time due to this delay. (I experienced same delay in s

Personal experience is not valuable for the share price...isn't it machan ? lol...

suddera · 15 Re: NEW ERA - UNION BANK Mon May 25, 2015 12:47 pm

suddera

Manager - Equity Analytics

Posts : 188
Equity Stars : 4910
Reputation : 3
Join date : 2011-07-17

Teller wrote:Even businessmen who deals with cheques are hating this bank. The reason is they requires more time to clear. If you deposit a third party cheque to sampath and union bank in same time, union bank takes half an hour more. The reason is sampath,combank cheques are clearing early but union cheques are clearing at last,(clearing starts 2.30 pm onwards)So most of the businessmen they know this secret. Most of the current accounts are closing in a short time due to this delay. (I experienced same delay in sep,2014)

I cannot understand this ? Is this about other bank cheques deposited at UB or Cheques issued from a UB current account.

Teller · 16 Re: NEW ERA - UNION BANK Mon May 25, 2015 9:29 pm

Teller

Moderator

Posts : 5640
Equity Stars : 17119
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Yes, if you deposit other bank cheques to union bank current account..... I wanted to tell when a cheque clears through cheque clearing system, union current accounts get the lowest priority. If you have a sampath,combank,or any other popular bank, your cheque will be cleared around 2.30 pm in a working day. But union take 3.00/3.20 pm.