NDB.N0000 (National Development Bank PLC)

[yellow knifeTop contributor]

Today is 8th March 2016 and few minutes before market  and we are eagerly waiting to see how market react to Super Gain Tax imposing after 30 years..Hence majority will not be even worried about looking at individual shares. This is the difference between long term investors and traders.

Banking sectors is well regulated and the entire industry information is readily available.
Total banking assets of stood at a value or LKR 8,077 billion for 2015. Total loan and receivables reached LKR 4,715 billion by end 2015. Total PAT of the banking sector was 95.8 Billion.

In this backdrop we can see the size of NDB against the Total banking sector taking one variable PAT.

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[yellow knifeTop contributor]

NDB  is one leading bank and was expected to merge with DFCC to strengthen the balance sheet. Banking sector face changes with political power change and even the MOU entered in to by and among the two banks was jointly terminated by the two banks in May 2015.

In terms of banking sector consolidations, the incumbent Government has encouraged same on a voluntary base is as a proposal of the 2016 Fiscal Budget.

This is one reason I prefer political stability resulting in policy stability.

Following chart of Revenue and PAT will show the importance of Bank consolidation comparing with  NBFI status .

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[yellow knifeTop contributor]

2008 was a similar era where market dropped drastically and made this share reachable. Long term investors should wait patiently for such fallen knives.

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[yellow knifeTop contributor]

Once you have picked a fallen knife at right price then you need not to worry at each and every move of the market . Dividends will look after you.

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[yellow knifeTop contributor]

Sometimes very price sensitive information will not stir a hibernating bull...

An NDB Bank, Seylan merger could create Sri Lanka's third ...

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Jun 17, 2015 - COLOMBO (EconomyNext) – A possible merger of NDB Bank and Seylan Bank could create Sri Lanka's third largest private bank with 52

[yellow knifeTop contributor]

Non Performing Loan ration shows quality credit and NDB NPL ratios are attractive.

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[yellow knifeTop contributor]

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[yellow knifeTop contributor]

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[yellow knifeTop contributor]

by [You must be registered and logged in to see this link.] on Tue Mar 08, 2016 9:02 amToday is 8th March 2016 and few minutes before market  and we are eagerly waiting to see how market react to Super Gain Tax imposing after 30 years..Hence majority will not be even worried about looking at individual shares. This is the difference between long term investors and traders

This is what I wrote almost a year ago...

Its time re visit the same thread..

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[yellow knifeTop contributor]

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[yellow knifeTop contributor]

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[yellow knifeTop contributor]

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[yellow knifeTop contributor]

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[HAL9000Top contributor]

Expect a Rights issue from NDB soon

[pathfinderTop contributor]

Expect a Rights issue from NDB soon

All banks have to increase their capital as per CBSL directive,either RI or PP is the option .

[yellow knifeTop contributor]

NDB records Highest ever after tax profit of Rs 2.3 B in 1H

Daily Ft..P9
26th July 2017

[The Invisible]

NDB quarterly statement

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11% growth in advances
17% growth in deposits
Gross income growth of 31%
Impairment charges drop by 37%
NPL ratio improving to 2.2%
Translates to a PAT growth of 34%

Very very impressive and stands as a strong candidate for a long term investment.

[The Invisible]

Good demand today touching 147.90. Can we see NDB hitting 150/- in the short term.

[spw19721Active Member]

What is the reason for drastic downfall ? Perpetual tradings ?

[PANTOMATH]

Very good presentation YK
Why your data is on other way round ?

[The Invisible]

NDB share movement nicely correlates to its recent quarterly statement. They have managed to grow profits attributable to equityholders by 42% despite almost 200% increase in impairment charges

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The chart is moving nicely with positive technical indicators. Probably over 1mn traded on 26th October was in anticipation of this result + the coup.

[The Invisible]

NDB says strategic investor studying bank, market conditions

ECONOMYNEXT - Sri Lanka's NDB Bank said a strategic investor was doing a detailed study of the bank and market conditions with the aim of buying unsubscribed shares of its rights issue.

“A strategic investor is in the process of carrying out a detailed evaluation of NDB as well as the current market conditions with a view to investing in unsubscribed shares rising from the rights issue of NDB,” a stock exchange filing said.

NDB Bank’s rights issue aimed to raise over six billion rupees but only 60 percent was subscribed, prompting the bank to search for a strategic investor.

NDB Bank raised 3.8 billion rupees through the rights issue last month.
(COLOMBO, 29 November 2018)

[NIRMALSG]

NDB Stable Outlook For 2019

What was the performance of the Bank in 2018?
Growth has been good in terms of assets and liabilities. As per the interim unaudited financial results released to the Colombo Stock Exchange for the financial year 2018, the early balance sheet grew by 23 per cent, whereby total assets stood at 473 billion rupees while total industry assets grew by 15 per cent for 2018. Within total assets, gross loans and receivables grew by an impressive 27 per cent whilst deposits also grew by the same rate. Both these growths are well ahead of the industry averages. Profit After Tax grew by 30 per cent to reach 5.7 billion rupees, the highest ever recorded by the Bank in its history while PAS grew by 51 per cent.

It has been tremendous to receive the complete support of the staff and branches. Everyone has worked towards achieving these results.

Despite 2018 being a challenging year, NDB has achieved beyond expectations, and we are quite comfortable with our performance. In doing so, we maintain a close check on the quality of the portfolio, its balance and the mix into corporate banking, retail banking and business banking. We have a well distributed balance sheet, which will prove to be a strong launching pad for 2019 and onwards.
.......


According to article as well as based on the Interim Financial Statements, it seams we will have good annual report for NDB.

[NIRMALSG]

Sri Lanka's NDB banks sells Rs5.37bn bail-in bonds

ECONOMYNEXT - Sri Lanka's NDB Bank said it had received orders for 5.37 billion rupees of bail-in bonds when subscriptions closed.

The bank offered 5.0 billion rupees of bonds and a further 1.5 billion rupees of bonds if the initial issue was oversubscribed.

On March 25, NDB said the 5.0 billion rupee threshold was reached and the offer will close.

The bank offered 5-year bonds paying a coupon on 13.5 percent every six months and 5-year bonds paying 13.95 percent a year every year. (Colombo/Mar27/2019-SB)

[PANTOMATH]

Good news for NDB !