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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
SDB.N0000 (Sanasa Development Bank Plc) EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
SDB.N0000 (Sanasa Development Bank Plc) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
SDB.N0000 (Sanasa Development Bank Plc) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
SDB.N0000 (Sanasa Development Bank Plc) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
SDB.N0000 (Sanasa Development Bank Plc) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
SDB.N0000 (Sanasa Development Bank Plc) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
SDB.N0000 (Sanasa Development Bank Plc) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
SDB.N0000 (Sanasa Development Bank Plc) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
SDB.N0000 (Sanasa Development Bank Plc) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
SDB.N0000 (Sanasa Development Bank Plc) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
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» PLC.N0000 (People's Leasing and Finance PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
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» When Seagulls Follow the Trawler
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
SDB.N0000 (Sanasa Development Bank Plc) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
SDB.N0000 (Sanasa Development Bank Plc) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
SDB.N0000 (Sanasa Development Bank Plc) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
SDB.N0000 (Sanasa Development Bank Plc) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
SDB.N0000 (Sanasa Development Bank Plc) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
SDB.N0000 (Sanasa Development Bank Plc) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
SDB.N0000 (Sanasa Development Bank Plc) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
SDB.N0000 (Sanasa Development Bank Plc) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
SDB.N0000 (Sanasa Development Bank Plc) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
SDB.N0000 (Sanasa Development Bank Plc) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
SDB.N0000 (Sanasa Development Bank Plc) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
SDB.N0000 (Sanasa Development Bank Plc) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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3 posters

    SDB.N0000 (Sanasa Development Bank Plc)

    blacknights
    blacknights


    Posts : 267
    Join date : 2014-08-28

    SDB.N0000 (Sanasa Development Bank Plc) Empty SDB.N0000 (Sanasa Development Bank Plc)

    Post by blacknights Mon Dec 21, 2015 7:25 am

    In their 2014 annual report, they have mentioned about a possible right issue during this year in order to comply with CB's minimum capital requirement. Yet no sign of it although their 2015 financial year is almost over.

    Anyone having any info? Have they postponed it or completely abandoned the idea? (Have they achieved the CB's requirement from a different method, in my view they have not. Or CB itself have changed the requirement or the deadline?)

    avatar
    malanp


    Posts : 518
    Join date : 2014-03-04

    SDB.N0000 (Sanasa Development Bank Plc) Empty Re: SDB.N0000 (Sanasa Development Bank Plc)

    Post by malanp Mon Dec 21, 2015 7:28 am

    blacknights wrote:In their 2014 annual report, they have mentioned about a possible right issue during this year in order to comply with CB's minimum capital requirement. Yet no sign of it although their 2015 financial year is almost over.

    Anyone having any info? Have they postponed it or completely abandoned the idea? (Have they achieved the CB's requirement from a different method, in my view they have not. Or CB itself have changed the requirement or the deadline?)


    CBSL extended capital requirement to 31 Dec 2016..
    blacknights
    blacknights


    Posts : 267
    Join date : 2014-08-28

    SDB.N0000 (Sanasa Development Bank Plc) Empty Re: SDB.N0000 (Sanasa Development Bank Plc)

    Post by blacknights Mon Dec 21, 2015 7:36 am

    Thanks malanp,

    So the next right issue will come sometime during 2016. Or will they have achieved the minimum capital requirement internally using their own profits by that time.
    Usually SDB is a high dividend paying counter. They have the option of keeping themselves the cash and issue scrip dividends.  
    Interesting situation Exclamation
    HAL9000
    HAL9000
    Top contributor
    Top contributor


    Posts : 1402
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    SDB.N0000 (Sanasa Development Bank Plc) Empty Re: SDB.N0000 (Sanasa Development Bank Plc)

    Post by HAL9000 Mon Dec 21, 2015 6:29 pm

    [You must be registered and logged in to see this link.]

    Here comes the debenture issue. So we may not get a rights issue ?
    blacknights
    blacknights


    Posts : 267
    Join date : 2014-08-28

    SDB.N0000 (Sanasa Development Bank Plc) Empty Re: SDB.N0000 (Sanasa Development Bank Plc)

    Post by blacknights Mon Dec 21, 2015 6:38 pm

    HAL9000 wrote:[You must be registered and logged in to see this link.]

    Here comes the debenture issue. So we may not get a rights issue ?

    I was to ask the same question HAL9000  Shocked  haha

    As I feel they owe investors an explanation (particularly because in the annual report mentioning about a right issue, in case of changing plans, they must inform shareholders about any change, at least ethically if not required by law)

      Current date/time is Sat Jul 27, 2024 6:24 am