BANKING SECTOR

Winner123 wrote:Dfcc is the best out of all.

Kanishka_2020 wrote:Does anyone have history of SEYB.X Cash & Script dividends   
If have kindly let me know since 2011 - 2020  

Love Boy wrote:This is a indication of financial Literacy of investors. They think only the earning drop. But, they forget to this T bill rates at this moment. 


Since the rates are very lower, banks share prices also need to increase.

Wait, people will understand it after next dividend period.

dayandacool wrote:

Love Boy wrote:This is a indication of financial Literacy of investors. They think only the earning drop. But, they forget to this T bill rates at this moment. 


Since the rates are very lower, banks share prices also need to increase.

Wait, people will understand it after next dividend period.

@Love Boy,

If you are referring to Bonds and T bills trading in the secondary market, You could take a leaf out of CFVF Q2 performance. Many including myself thought they will make merry now since the interest rates were at their lowest during last quarter. But to my shock I witnessed that the Fair value on financial assets have dropped. We have continuously witnessed the under subscription of government bonds and T-bills during last quarter. When the demand for government bonds fail, it impacts negatively on the secondary market despite the fact that you may be holding bonds / debentures bought at higher interest rates. Banking institutes will continue to show a dismal performance till low interest rates and import restrictions continue as these were the main segments that banks used to earn big.

My 2 cents!!!

Kanishka_2020 wrote:Thank you @geesura

I'm using ATrad @ Capital Trust broker, there can I see the chart you attached.
Or else it's a different tool/site 

Kanishka_2020 wrote:Does anyone have history of SEYB.X Cash & Script dividends 
If have kindly let me know since 2011 - 2020 

dayandacool wrote:Best time to determine what sort of an investor / trader you are. Banks, while trading at dirt cheap and discounted prices, it also means you will need to hold on to them for the long run. Major banks have all recorded dismal performances for the 2nd quarter and I see no real reason for them to come to the past glory they once were in next 2 quarters as well.

While the opportunity cost is massive and the risk of running in to most probable RI's, I don't think Banks are a good choice for the MT.

Having said that, If someone is willing to take the hit and stay put for the long term, They are in for a very good return as we all know that banks will rise gradually and it'll be next to impossible to collect banking shares at the same discounted prices again..

DISC: Sold all Banking shares during last 2 weeks.

• Some interest of Foreign Investors
  
• CBSL revers Cash Dividend restriction
  
• End of Debt relief.
  

• Now Market is back to 6,000 level without Banking shares. So that means some others shares are bit over bought. So potential of Bank and Finance is very high. There can be min 20% increase in MT.
  
• Most of Bank P/L are filled with Impairment charges. May be due to Debt Relief. (expert Advise required). Check LOLC Finance, Abnormal Impairment. So if these can be reversed, they will have super profit in 1Q in 2021.     
  

jaya wrote:

Kanishka_2020 wrote:Does anyone have history of SEYB.X Cash & Script dividends 
If have kindly let me know since 2011 - 2020 

 

2020	Not yet update
2019	2.00
2018	2.50
2017	3.50
2016	3.25
2015	2.75
2014	2.50
2013	2.25
2012	2.00
2011	1.00
2010	1.00
2009	0.50
2008	-
2007	1.50
2006	1.50
2005	2.00
2004	1.60
2003	1.50
2002	1.50
2001	1.25
2000	1.20
1999	1.00
1998
1997
1996
1995

Love Boy wrote:Government tries to give tax benefit to the banks. Good time to collect friends.

DamithAsian wrote:If you are not  interest in trading then good for investment long term. unless opportunity cost lose. since there are many budget favored stock ready to fly.

SANJAYANM wrote:BANKS WILL FLY IF THEY ARE ALLOWED TO ISSUE DIVIDEND AND SCRIPT DIVIDEND.