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RegisterI think even there are chances to buy below 110 even cum div if entire next week is also open for trading. Market sentiment is that much bad at the moment.කිත්සිරි ද සිල්වා wrote:I will be happy if I can grab a few around 115/= on Monday.
The Invisible wrote:Backstage wrote:The Invisible wrote:Between 118- 120 I guess. But it can come down till about 100 if the market open the entire next week.
With a 11.50 divi
People don't have any clue about whetherr these prices are ex or cum div. They just want to dump and run...
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42 posters
SAMP.N0000 (Sampath Bank PLC)
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Thanks for the advice.
110/= would be even better.
110/= would be even better.
The Invisible wrote:I think even there are chances to buy below 110 even cum div if entire next week is also open for trading. Market sentiment is that much bad at the moment.කිත්සිරි ද සිල්වා wrote:I will be happy if I can grab a few around 115/= on Monday.The Invisible wrote:Backstage wrote:The Invisible wrote:Between 118- 120 I guess. But it can come down till about 100 if the market open the entire next week.
With a 11.50 divi
People don't have any clue about whetherr these prices are ex or cum div. They just want to dump and run...
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Then 105/- ?
The rate at which Covid hitting the world is alarming. I see two new developments.
1) India's situation has just start to worse-off and if it developed to a state of Italy then God bless
2) USA is catching up all others in terms of spread. It has just pass Iran in terms of total infections and just below Spain. If the current rate of spread continues definitely it is going to pass Italy and then you can imaging what will happen to world wide indices.
I believe we are far above the bottom of the current crash and the bottom will be far beyond the imagination of all of us. So better to keep the cash for some more time.
The rate at which Covid hitting the world is alarming. I see two new developments.
1) India's situation has just start to worse-off and if it developed to a state of Italy then God bless
2) USA is catching up all others in terms of spread. It has just pass Iran in terms of total infections and just below Spain. If the current rate of spread continues definitely it is going to pass Italy and then you can imaging what will happen to world wide indices.
I believe we are far above the bottom of the current crash and the bottom will be far beyond the imagination of all of us. So better to keep the cash for some more time.
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Going there purely for the dividend and already put a small buy order for 99/=.
The Invisible wrote:Then 105/- ?
The rate at which Covid hitting the world is alarming. I see two new developments.
1) India's situation has just start to worse-off and if it developed to a state of Italy then God bless
2) USA is catching up all others in terms of spread. It has just pass Iran in terms of total infections and just below Spain. If the current rate of spread continues definitely it is going to pass Italy and then you can imaging what will happen to world wide indices.
I believe we are far above the bottom of the current crash and the bottom will be far beyond the imagination of all of us. So better to keep the cash for some more time.
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
කිත්සිරි ද සිල්වා wrote:Going there purely for the dividend and already put a small buy order for 99/=.The Invisible wrote:Then 105/- ?
The rate at which Covid hitting the world is alarming. I see two new developments.
1) India's situation has just start to worse-off and if it developed to a state of Italy then God bless
2) USA is catching up all others in terms of spread. It has just pass Iran in terms of total infections and just below Spain. If the current rate of spread continues definitely it is going to pass Italy and then you can imaging what will happen to world wide indices.
I believe we are far above the bottom of the current crash and the bottom will be far beyond the imagination of all of us. So better to keep the cash for some more time.
All the best!
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
Dear All,
I expect SAMP.N0000 to accumulate slowly from it's base now...
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LSE
I expect SAMP.N0000 to accumulate slowly from it's base now...
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LSE
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Seems OK to put another buy order, but this time @ 90/=.
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Not a bad idea LSE. I don't think there will be further drops in this stock and when the market recovers SAMP can give minimum 20% return from current levels.
Danidu- Posts : 264
Join date : 2015-09-03
Age : 43
Location : Welisara
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slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
SAMP guys, just reminding you there is an XD date coming in few weeks
_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
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කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
100 - 11 = 89
slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
How's the jump guys...? 
LSE wrote:Dear All,
I expect SAMP.N0000 to accumulate slowly from it's base now...
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LSE
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
කිත්සිරි ද සිල්වා wrote:100 - 11 = 89slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
Might be 112-12 = 100
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
The Invisible wrote:කිත්සිරි ද සිල්වා wrote:100 - 11 = 89slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
Might be 112-12 = 100
Look you guys ,in market like this we need to be careful.
( I don't have SAMP)
a) SAMP was dragged down from Rs 119 to 100 ( in 38 second market)
b) Then today, there was a very short , thin trade bounce to Rs 109
( could be expected after a big drop of Rs 19 in short time - I mentioned
about SAMP situation yesterday morning on FB ) on a green market day
c) Finally at the end of the day , I saw people selling again at Rs 102.
Investors are still not in. Trading is happening.
Like I said in the other post, don't do big buys ( or even big trades)
yet in this market.
_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
According to the latest report Net asset value per share (Rs) 31st March 2020,
Bank - 281.47
Group - 298.83
Bank - 281.47
Group - 298.83
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කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
According to one Broker House, SAMP - Fundamental floor value range: LKR 95 - 100.
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
Rational Investor- Posts : 47
Join date : 2020-05-12
SAMP on a Show today, searching for the direction. But Who is selling this much a fundamentally good share? 
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
Welcome to the forum Rational Investor
This is a GEM at this level. Strong support is laying around 100 and once it's done SAMP will start to move further...
This is a GEM at this level. Strong support is laying around 100 and once it's done SAMP will start to move further...
Rational Investor wrote:SAMP on a Show today, searching for the direction. But Who is selling this much a fundamentally good share?
Antonym- Posts : 62
Join date : 2014-03-01
Age : 61
Hello, slstock.slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
SAMP has announced (but not declared) dividend of Rs 11.75 per share, and the share is supposed to trade XD from June 3rd.
One is not certain how CBSL's restriction on dividends will be interpreted in this case. Any idea?
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
Antonym wrote:Hello, slstock.slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
SAMP has announced (but not declared) dividend of Rs 11.75 per share, and the share is supposed to trade XD from June 3rd.
One is not certain how CBSL's restriction on dividends will be interpreted in this case. Any idea?
The restriction does not apply for dividends already declared.
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
Yes correct. This is not applicable for the dividends which already been declared. So this will not effect for the SAMP.N0000 dividend
3.1 Licensed banks incorporated or established in Sri Lanka shall refrain from declaring cash dividends not already declared for financial year 2019 and any interim cash dividends for financial year 2020.
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3.1 Licensed banks incorporated or established in Sri Lanka shall refrain from declaring cash dividends not already declared for financial year 2019 and any interim cash dividends for financial year 2020.
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Backstage wrote:Antonym wrote:Hello, slstock.slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
SAMP has announced (but not declared) dividend of Rs 11.75 per share, and the share is supposed to trade XD from June 3rd.
One is not certain how CBSL's restriction on dividends will be interpreted in this case. Any idea?
The restriction does not apply for dividends already declared.
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Too many interferences, I am sure is likely to kill the interest in the banking sector.
_________________
I am the wisest man alive, for I know one thing, and that is that I know nothing.
Socrates
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
Thanks for your insights experts !!!
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Agree. I have already said sit back and watching the show is the smartest thing one should do now. Wealth gone is the past and will accumulate slowly in future but now we need to take decisions for future. I am always saying to me that my financial capacity is not good now so use time wisely to maximize the benefit of my limited resource !!slstock wrote:The Invisible wrote:කිත්සිරි ද සිල්වා wrote:100 - 11 = 89slstock wrote:
SAMP guys, just reminding you there is an XD date coming in few weeks
Might be 112-12 = 100
Look you guys ,in market like this we need to be careful.
( I don't have SAMP)
a) SAMP was dragged down from Rs 119 to 100 ( in 38 second market)
b) Then today, there was a very short , thin trade bounce to Rs 109
( could be expected after a big drop of Rs 19 in short time - I mentioned
about SAMP situation yesterday morning on FB ) on a green market day
c) Finally at the end of the day , I saw people selling again at Rs 102.
Investors are still not in. Trading is happening.
Like I said in the other post, don't do big buys ( or even big trades)
yet in this market.
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
President is giving more power to the banking sector to rebuild the collapsed economy... It will take time to recover for some other sectors connected with Tourism, Apparel.. ect.. So, I feel banking sector having much opportunities in their hand at the current situation than the other sectors... What do you think...?
President - The biggest challenge we face right now is to rebuild the collapsed economy. It will take a long time for the apparel industry to recover. The tourism industry also has suffered a serious setback. A very large amount of revenue and jobs have been lost. The old economic model based largely on imports is no longer viable. We must move towards a production economy. The banking sector can make a huge contribution to make this a success ...
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What do you think...?President - The biggest challenge we face right now is to rebuild the collapsed economy. It will take a long time for the apparel industry to recover. The tourism industry also has suffered a serious setback. A very large amount of revenue and jobs have been lost. The old economic model based largely on imports is no longer viable. We must move towards a production economy. The banking sector can make a huge contribution to make this a success ...
[You must be registered and logged in to see this link.]
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