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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » NEW ERA - UNION BANK

NEW ERA - UNION BANK

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

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
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....

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

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
THIS MAY BE A NEW ERA OF UBC LIKE COCR & SEYLAN...

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

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

jaya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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

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

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
I too think so....Good share @ current price level...

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

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
I also got that news and it will reach 80, but no time or date. It is a famous news!

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

jaya


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

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

jaya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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.  

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

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
still we can,t see any growth and also higher valuation

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

raider


Manager - Equity Analytics
Manager - Equity Analytics
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.

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

Teller

Teller
Moderator
Moderator
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.


_________________




Teller said is said..

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

raider


Manager - Equity Analytics
Manager - Equity Analytics
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.

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

Teller

Teller
Moderator
Moderator
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)


_________________




Teller said is said..

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

worthiness


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

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

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@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...

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

suddera

suddera
Manager - Equity Analytics
Manager - Equity Analytics
@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.

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

Teller

Teller
Moderator
Moderator
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.


_________________




Teller said is said..

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