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» SAMP.N0000 (SAMPATH BANK PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyToday at 12:40 am by NEWER

» My Port Folio Bleeding But Its just the Begining Of..
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 11:53 pm by xmart

» RCL - Royal Ceramics
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 5:24 pm by The Invisible

» Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 3:58 pm by The Invisible

» Banks, Finance & Insurance Sector Chart
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 3:51 pm by The Invisible

» HNB Update
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 3:39 pm by The Invisible

» Cricket, meet Capitalism
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 12:26 pm by nuwanmja

» Thread for News on CSE and SL Economy
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyYesterday at 5:10 am by NIRMALSG

» Dividend Announcement
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jul 19, 2019 9:32 pm by nihal123

» Browns Investments update
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jul 19, 2019 7:45 pm by The Invisible

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jul 19, 2019 1:03 pm by Fireandwater

» "පියසේනට දැං සනීපයි..."
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jul 19, 2019 10:47 am by Yin-Yang

» What's going to happen
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jul 19, 2019 6:26 am by serene

» TJL.N0000 (Textured Jersey Lanka PLC.)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jul 18, 2019 11:50 am by serene

» CFVF - First Capital
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jul 18, 2019 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» LFIN - LB Finance
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jul 05, 2019 6:11 pm by serene

» Easter Sunday Attack and Sri Lanka
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
SAMP.N0000 (SAMPATH BANK PLC) - Page 7 EmptyThu Jun 13, 2019 8:08 pm by ruwan326

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SAMP.N0000 (SAMPATH BANK PLC)

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SAMP.N0000 (SAMPATH BANK PLC) - Page 7 Empty Re: SAMP.N0000 (SAMPATH BANK PLC)

Post by serene on Mon Jul 01, 2019 7:56 am

serene wrote:
pathfinder wrote:Full subscription of rights  is a good news for SAMP.

@Serene-Looks like you are in an eternal love with SAMP. Such a love isn't advised for a good investor/Trader

@pjrn-I also had similar experience with HNB few years ago.Now I see same sort of things happening in SAMP too.Management should think more on customer care.

Technically SAMP is trying to form a base around 140. Longterm investors can take positions now.
Traders may wait till a new identifiable positive trend begins.

Very Happy Razz
Hitha giya thena maligawa kiyanawane. Razz
No love below 137 mate... Razz
Now Its up to SAMP to keep me or get rid of.
To be frank Im commited. Very Happy

Also want to emphasis that I'm not expecting a good quarerly report for June.

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Post by serene on Tue Jul 02, 2019 11:58 am

Good going.

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Post by NIRMALSG on Thu Jul 04, 2019 4:48 am

Definitely SAMP is more valuable than the current price. Hope this upward movement continue to its real value. Smile

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Business tycoon Prabhash Subasinghe has purchased 5% of the shares of Sampath Bank through its recent Rights Issue and has been invited to its Board of Directors, The Sunday Morning Business learns.

Subasinghe is Chairman of Global Rubber Industries (Pvt) Ltd., Managing Director at Global Sea Foods (Pvt) Ltd., and Chairman at Sri Lanka Association of Manufacturers and Exporters of Rubber Products.

With the addition of Subasinghe, the Board of Sampath Bank has 15 members, led by Chairman Malik Ranasinghe.

Subasinghe is also on the board of SANASA Development Bank Plc and The Sri Lanka Society of Rubber Industry. He is a former President of Seafood Exporters Association of Sri Lanka.

He holds over 30% of shares at Ceylinco Insurance PLC, under his name and through Global Rubber Industries and Global Sea Foods (Pvt) Ltd.

On March 1st Sampath Bank announced a rights issues in early June of 89 million but the issue was under subscribed with only 61.5 million rights being collected by shareholders. The bank announced on 28th July that the allotments amounting to 25.4 million shares were made to investors sourced by the Board.

Sampath shares were trading at Rs.231 when the rights issue was announced on 1st March, but is currently trading at Rs. 142.
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Post by serene on Thu Jul 04, 2019 8:55 am

Yap. Things are looking good for SAMP after quite a some time.
Though Foreign selling is still visible.

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Post by NIRMALSG Yesterday at 5:19 am

We could see very good buying interest for SAMP in the market last couple of days.
Hope this continue towards at least reasonable price for SAMP.

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Recently concluded Sampath Bank right issue was very successful because its per share value in the Colombo Stock Exchange (CSE) appreciated by more than 13 percent after issuing 89 million shares to the existing shareholders. Therefore, it was oversubscribed, and the Bank was able to raise Rs 12.1 billion, Sampath Bank Managing Director Nanda Fernando said yesterday.


"The fully subscribed right issue will be able to meet future expansion plans and conform to be Basel requirement. On top of that during the right issue per share value Rs 136 and now it had appreciated by 13 percent or Rs 153.50," Fernando told media at Sampath Bank board room at Head Office in Colombo.


He said that during the right issue market went down steeply but Sampath Bank share value did not go down below the market value. Due to the current economic and political uncertainty the performance of the bank is quite satisfactory compared to the industry performance, Managing Director said.


When it comes to past performance its 2019 first quarter performance was 23 percent higher than the last year performance in spite of economic and political turbulence in the country, he said. "The reason being the bank performed well with prudent management of growth, risk and cost," he said.


Fernando said that more than 80 percent of its foreign shareholders and large shareholders bought shares during the right issue when they saw a major dip in the stock market itself.


He said the timing for the right issue was not the best time, but were able to do so successfully because of the high confidence level on the Bank.


The current market conditions are not conducive for any business entity, however other main reasons for the bank to go for a right issue were capital adequacy ratio and buffer insufficient to other private sector peers, he said.


The non performing loan ration doubled during the last one and half years in the entire industry which was 2.5 percent in 2014 and during the first quarter of the year (2019) it had increased by 4.4. The Sampath Bank non performing loan ratio touched 4.8, he said.


The credit growth of the Bank at the end of the year has been predicted 10 percent and in the first quarter of the year it was 3.2 percent. However, industry credit growth is around 1.5 percent, Fernando said.
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Post by xmart Yesterday at 11:40 pm

SAMP is like a faithful wife to me. no matter how worse the situation or public perception, they still make you feel secure and back you. I got a lifetime opportunity to fill my bags around 137 and literally I locked them up for a good many years.
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Post by NEWER Today at 12:40 am

Time Frame - Monthly Chart
Technically SAMP is running in the upward Channel and Nicely It was supported at the lower line of the Channel around 134-137rs
Red arrow line shows the Where SAMP is going in LT journey
Black colour lines shows two Possible  resistance lines in MT-LT journey
Green colour Zig zag line just drawn to indicate the one POSSIBLE route and but It may not be the exact way some time
good Luck!
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