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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)

NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)

+28
soileconomy
Antonym
Love Boy
KingKong
Kevinmikegrit
SANJAYANM
shihan 93
Saraka
කොටස් වෙළඳපොළ2020
SUSPENS
Teller
ResearchMan
sameera_cds
Junior investor
NiroR
lbnnirmal
ColomboCSE
hammurabi
ThilinaM
chandanaplus@gmail.com
sikka89
anges
ruwan326
MarketWch
dushanp
thankrishan
Captain
MasterD
32 posters

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Go down  Message [Page 2 of 3]

ThilinaM


Vice President - Equity Analytics
Vice President - Equity Analytics

with 7 rs div if u able to buy for 96 mean 96-7 like u bought for 89.
use the tip. NDB can go 115 in next few months . quick profit.

Junior investor


Manager - Equity Analytics
Manager - Equity Analytics

I bought @ 96 couple of days ago

ThilinaM


Vice President - Equity Analytics
Vice President - Equity Analytics

@JUNIOUR - wait at least 3 months. immeadiately after ex div date price will drop to 89-90.
and gradually will increase again to 115 range. then sell !!!

Junior investor


Manager - Equity Analytics
Manager - Equity Analytics

can NDB go below 90 or even 80? should I wait to buy more

30NATIONAL DEVELOPMENT BANK PLC (NDB.N0000) - Page 2 Empty What will happen NDB Wed Jun 10, 2020 10:49 am

sameera_cds


Equity Analytic
Equity Analytic

anybody have an idea about NDB?

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

Follow wall street appt for fair value. Be fearful and greedy too.

Teller

Teller
Moderator
Moderator

Every thing is ok except one thing . But thats the very important thing to decide the price .

SUSPENS

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

foreign selling ??????????

කොටස් වෙළඳපොළ2020


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

NATIONAL DEVELOPMENT BANK PLC (NDB.N0000) - Page 2 12234710

Saraka


Stock Analytic
Stock Analytic

What will be after the right issue?? Any prediction?

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

if market stagnation persists then NDB price would stay around 70 tof 80 until the bull run happens i think.

Saraka likes this post

shihan 93


Senior Equity Analytic
Senior Equity Analytic

NDB run will happen very soon, with the lowest RSI and few thing coming to right place, a investor will have a great benefit. Prediction 100+ within 3 months

SANJAYANM


Senior Equity Analytic
Senior Equity Analytic

NDB will move after right issue

judecroos likes this post

Kevinmikegrit


Equity Analytic
Equity Analytic

If you need to collect NDB please do it without hiking the price, because I am collecting at a decent price. Seriously this is a good share and can double the price in a year or two, but I'm not happy about the management or the fact that there will be no dividend this year. Also the banking sector will take at least 6 - 12 months to rally. So if you have cash to put on hold then no worries. I personally have locked in 15% of my portfolio in the sector.

Not a recommendation to buy or sell, do your own research before purchasing or selling.

KingKong


Equity Analytic
Equity Analytic

Kevinmikegrit wrote:If you need to collect NDB please do it without hiking the price, because I am collecting at a decent price. Seriously this is a good share and can double the price in a year or two, but I'm not happy about the management or the fact that there will be no dividend this year. Also the banking sector will take at least 6 - 12 months to rally. So if you have cash to put on hold then no worries. I personally have locked in 15% of my portfolio in the sector.

Not a recommendation to buy or sell, do your own research before purchasing or selling.

Dividends were cancelled as per the regulation of CBSL as far as I know.
What about their management? https://www.dailynews.lk/2020/10/07/finance/230749/ndb%E2%80%99s-dimantha-seneviratne-wins-best-banking-ceo-award

Kevinmikegrit


Equity Analytic
Equity Analytic

I am not happy how the company was run for tha past few years, especially when they paid handsome dividends and went for right issues right after that. They could have skipped the dividends and invested that funds into the company.

KingKong likes this post

Kevinmikegrit


Equity Analytic
Equity Analytic

Also they used to have the best rates for customer retention and credit defaults and all of it started falling apart in the past few years.

KingKong likes this post

KingKong


Equity Analytic
Equity Analytic

Kevinmikegrit wrote:I am not happy how the company was run for tha past few years, especially when they paid handsome dividends and went for right issues right after that. They could have skipped the dividends and invested that funds into the company.

How would the RI go since the share is traded below the Right's price?

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The thing is this, Company management is not practical. They do not know about investors satisfaction. I think, they are going to show it second time. Rs.75 is the fair value for the company. But, they do not know, it is not reasonable for such RI. What to do? This clearly, Shows difference between educated person and practical person.

Kevinmikegrit


Equity Analytic
Equity Analytic

They didn't even decide on a XD date for the rights issue when they first announced it, so I think there will be a mojor overhaul on the process with the price and ratios being changed. Which will mean the price might go down a little bit due to investors getting frustrated.

shihan 93


Senior Equity Analytic
Senior Equity Analytic

shihan 93 wrote:NDB run will happen very soon, with the lowest RSI and few thing coming to right place, a investor will have a great benefit. Prediction 100+ within 3 months
When I said it was 74, came to 85 and due to credit rating downgrade of all banks by Moody's, Fitch and S&P went down to 77-78. I'm not sure it will touch pass 100 in two months time. But what I sure is with improving credit rating as well as NDB right issue this will pass 100. Sorry to modify my prediction, but this is first time and in financial markets all is uncertain

shihan 93


Senior Equity Analytic
Senior Equity Analytic

Again I predict this will pass 100

shihan 93


Senior Equity Analytic
Senior Equity Analytic

Is it true NDB Getting another Investment ?  If yes private placement or loan ?

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

Last month, in the Notes to their Interim Financial Statements, NDB raised hopes of a final dividend for 2020 by stating:

"The Bank paid an interim dividend of LKR 1.50 in respect of the Financial year 2020.
Upon completion of the capital infusion that has been announced, the Board of Directors may consider a declaration of a final dividend to its shareholders."

Now that the capital infusion has been completed, they ought to either declare a final dividend or say that they are not going to pay.

Any news or thoughts on the subject?

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

Script dividend could be possible

Eranx


Manager - Equity Analytics
Manager - Equity Analytics

Buying started..collect today before it's too late!!! PE = 2.9

52NATIONAL DEVELOPMENT BANK PLC (NDB.N0000) - Page 2 Empty NDB reports Excellent Q1 Thu Jul 29, 2021 11:50 am

kithsiri.wijesundera

kithsiri.wijesundera
Stock Trader

                                           NDB posts solid performance in 1H amidst pandemic Thursday, 29 July 2021 03:54 National Development Bank PLC, Sri Lanka’s fourth largest listed bank, said yesterday it continued to demonstrate its resilience to external shocks .. 
         

Eranx


Manager - Equity Analytics
Manager - Equity Analytics

Highly undervalued fasted growing bank.. EPS n NAV will take control in near future

hammurabi

hammurabi
Manager - Equity Analytics
Manager - Equity Analytics

Most undervalued banking share is NDB. The P/E at today's market price (76/-) is 2.90. At the market P/E of 10, the share price should be 262/-.

pathum

pathum
Equity Analytic
Equity Analytic

hammurabi wrote:Most undervalued banking share is NDB. The P/E at today's market price (76/-) is 2.90. At the market P/E of 10, the share price should be 262/-.

Despite the fact that most of the banking sector counters are fundamentally strong, the macroeconomic conditions are unfavorable to the sector still. Probably there might be some hope towards banking with today's unveiling of ANC's economic roadmap. But currently, the economic burden/ shocks are trembling the sector as we have never seen before with moratoriums, Dollar peg values. In LT, for sure these will bounce back.
(Disclaimer: NDB Holding)

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