What's going on with HNB.X?

madukp wrote:It's kind of a funny thing to see around 1M selling order for HNB.X @100. Unfortunately, I don't have that much money, otherwise, I will gracefully clear that order without any hesitation as an investor. This kind of order book showcases how poor investors sentimental in SL.

The buyers of rs 100, immediately receive, rs 4.50 dividend, and eligible for 1 additional share for 30 shares they hold.

lets do math,


1M shares for rs.100 =

101,120,000.00 = 101.12M

eligibility of additional shares = 33,333 (ignored the decimals) ~ 3.33 M

Dividend = 4.5M

total immediate return = 7.83 M / 101.12 M = 7.74% - better than any fixed deposit.

With div and bonus, shares may go down temporarily. That's nature. But HNB is a highly undervalued share, which has good business and high profits. We can expect a share return of at least 10% in short term and 30% in the mid term. And it is one of low-risk shares in the market.

I'm still amazed about Sri Lankan investor sentiment.  

Jana wrote:

madukp wrote:It's kind of a funny thing to see around 1M selling order for HNB.X @100. Unfortunately, I don't have that much money, otherwise, I will gracefully clear that order without any hesitation as an investor. This kind of order book showcases how poor investors sentimental in SL.

The buyers of rs 100, immediately receive, rs 4.50 dividend, and eligible for 1 additional share for 30 shares they hold.

lets do math,


1M shares for rs.100 =

101,120,000.00 = 101.12M

eligibility of additional shares = 33,333 (ignored the decimals) ~ 3.33 M

Dividend = 4.5M

total immediate return = 7.83 M / 101.12 M = 7.74% - better than any fixed deposit.

With div and bonus, shares may go down temporarily. That's nature. But HNB is a highly undervalued share, which has good business and high profits. We can expect a share return of at least 10% in short term and 30% in the mid term. And it is one of low-risk shares in the market.

I'm still amazed about Sri Lankan investor sentiment.  

you are 100% correct .. today also I bought 2900 HNB.X @99.90

Very funny thing seller 1M at 100/= and big buyer at 99/= but they don't want to match and sell them and some other people selling at 99.90 because of a panic order placed at 100/=

I sold some weird stock with loss and I bought HNB.X ..I* will do the same on MON and TUE also

If you buy HNB.X at 100/= then it will cost 92.50 on WED after the dividend

RJ1010 wrote:I was also quite curious about this blocking done by 2 or 3 accounts at 100... I was watching the order book as huge chunks were added to that 100 price point by few splits.more than selling they intend to block the price from going up. Ofcourse it’s also a great price for new buyers or collectors. I too hold a good amount. Good dividend as well. I would be watching the order book on Xd date to see if those sell orders still remain or not.

samansilva wrote:

RJ1010 wrote:I was also quite curious about this blocking done by 2 or 3 accounts at 100... I was watching the order book as huge chunks were added to that 100 price point by few splits.more than selling they intend to block the price from going up. Ofcourse it’s also a great price for new buyers or collectors. I too hold a good amount. Good dividend as well. I would be watching the order book on Xd date to see if those sell orders still remain or not.

If  i bought HNB X  on 29 th of March  ..Am i eligible only  for cash  dividend or  both ?  Because of script dividend  share  issues   as at 19 th of February ..It means script dividend  entitled  before got shares  before 19 th of february.  please clarify....

madukp wrote:Someone may have realized its worth at last over 15M shares been collected so far.