Re: SAMP.N0000 (Sampath Bank PLC)

[The Invisible]

I will be happy if I can grab a few around 115/= on Monday.  

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 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 සිල්වාTop contributor]

Thanks for the advice.
110/= would be even better.

I will be happy if I can grab a few around 115/= on Monday.  

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 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.

[The Invisible]

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.

[කිත්සිරි ද සිල්වාTop contributor]

Going there purely for the dividend and already put a small buy order for 99/=.

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 Invisible]

Going there purely for the dividend and already put a small buy order for 99/=.

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!

[LSETech Contributor]

Dear All,

I expect SAMP.N0000 to accumulate slowly from it's base now...

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LSE

[කිත්සිරි ද සිල්වාTop contributor]

Seems OK to put another buy order, but this time @ 90/=.

[The Invisible]

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]

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[slstockVeteran]

SAMP guys, just reminding you there is an XD date coming in few weeks

[කිත්සිරි ද සිල්වාTop contributor]

100 - 11 = 89

SAMP guys, just reminding you there is an XD date  coming in few weeks

[LSETech Contributor]

How's the jump guys...?

Dear All,

I expect SAMP.N0000 to accumulate slowly from it's base now...

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LSE

[The Invisible]

100 - 11 = 89  

SAMP guys, just reminding you there is an XD date  coming in few weeks

Might be 112-12 = 100

[slstockVeteran]

100 - 11 = 89  

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.

[LSETech Contributor]

According to the latest report Net asset value per share (Rs) 31st March 2020,

Bank - 281.47
Group - 298.83

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[කිත්සිරි ද සිල්වාTop contributor]

According to one Broker House, SAMP -  Fundamental floor value range: LKR 95 - 100.

[Rational Investor]

SAMP on a Show today, searching for the direction. But Who is selling this much a fundamentally good share?

[LSETech Contributor]

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...

SAMP on a Show today, searching for the direction. But Who is selling this much a fundamentally good share?

[Antonym]

SAMP guys, just reminding you there is an XD date  coming in few weeks

Hello, slstock.
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?

[BackstageTop contributor]

SAMP guys, just reminding you there is an XD date  coming in few weeks

Hello, slstock.
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.

[LSETech Contributor]

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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SAMP guys, just reminding you there is an XD date  coming in few weeks

Hello, slstock.
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 සිල්වාTop contributor]

Too many interferences, I am sure is likely to kill the interest in the banking sector.

[spw19721Active Member]

Thanks for your insights experts !!!

[The Invisible]

100 - 11 = 89  

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.

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 !!

[LSETech Contributor]

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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