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RegisterSampath bank moving strongly with rights dates are closing in. 245/- per share will going to get lot of demand when the rights comes to the market. Sampath normal share can appreciate another 10-15 ruppes before xr date.
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කිත්සිරි ද සිල්වා
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42 posters
SAMP.N0000 (Sampath Bank PLC)
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 45
First Guy- Posts : 2599
Join date : 2014-02-22
after a long time I am seeing a company share price appreciate after rights announcement
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Yea after long time me also peeping.
SAMP is a quality share which was under valued. 260-270 two months back was a great discounted price for bargain hunters.
SAMP is a quality share which was under valued. 260-270 two months back was a great discounted price for bargain hunters.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
True, because it is an under valued share. Appreciate your presence after a long time FG.
First Guy wrote:after a long time I am seeing a company share price appreciate after rights announcement
hariesha- Top contributor
- Posts : 1329
Join date : 2014-04-09
What they are up to?
They have already raised close to 14 billion from the market through a rights issue and a debenture issue during last three months. And now again they have announced a massive rights issue and a debenture issue to raise another 20 billion.
Squeezing 34 billion within six months? I feel SAMP is getting riskier now.
They have already raised close to 14 billion from the market through a rights issue and a debenture issue during last three months. And now again they have announced a massive rights issue and a debenture issue to raise another 20 billion.
Squeezing 34 billion within six months? I feel SAMP is getting riskier now.
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Seriously, I am having second thoughts too. 
hariesha wrote:What they are up to?
They have already raised close to 14 billion from the market through a rights issue and a debenture issue during last three months. And now again they have announced a massive rights issue and a debenture issue to raise another 20 billion.
Squeezing 34 billion within six months? I feel SAMP is getting riskier now.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
As per their disclosure to CSE both Rights & Debentures are to raise tier 1 Basal 111 capital of the bank.
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All the banks are supposed to raise this capital some how or the other. SAMP is not alone.
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All the banks are supposed to raise this capital some how or the other. SAMP is not alone.
hariesha wrote:What they are up to?
They have already raised close to 14 billion from the market through a rights issue and a debenture issue during last three months. And now again they have announced a massive rights issue and a debenture issue to raise another 20 billion.
Squeezing 34 billion within six months? I feel SAMP is getting riskier now.
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Are these stress tests and capital adequacy levels have been directed by the CBSL or we just follow the international standards?
Just curious.
Just curious.
Ethical Trader wrote:As per their disclosure to CSE both Rights & Debentures are to raise tier 1 Basal 111 capital of the bank.
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All the banks are supposed to raise this capital somehow or the other. SAMP is not alone.hariesha wrote:What they are up to?
They have already raised close to 14 billion from the market through a rights issue and a debenture issue during last three months. And now again they have announced a massive rights issue and a debenture issue to raise another 20 billion.
Squeezing 34 billion within six months? I feel SAMP is getting riskier now.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
These are CBSL requirements.
කිත්සිරි ද සිල්වා wrote:Are these stress tests and capital adequacy levels have been directed by the CBSL or we just follow the international standards?
Just curious.Ethical Trader wrote:As per their disclosure to CSE both Rights & Debentures are to raise tier 1 Basal 111 capital of the bank.
[You must be registered and logged in to see this link.]
All the banks are supposed to raise this capital somehow or the other. SAMP is not alone.hariesha wrote:What they are up to?
They have already raised close to 14 billion from the market through a rights issue and a debenture issue during last three months. And now again they have announced a massive rights issue and a debenture issue to raise another 20 billion.
Squeezing 34 billion within six months? I feel SAMP is getting riskier now.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Check whether you are entitled to trade Basal 111 debt securities.-
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yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Samapth becomes the first bank to accept AliPay in Sri Lanka.
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Alipay
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Trust makes it simple. Experience fast, easy and safe online payments. Go to My Alipay. Leader in online and mobile payments. 520,000,000 Users. Pay online, easy and secure Alibaba AliExpress. Your Security, Our Responsibility. Privacy protection; Real-time monitoring; World-class payment security. Member Protection
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Thanks YK. They have announced a substantial script dividend today.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
2018
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
It seems I cannot insert charts.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
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It seems SAMP had a very good year and I am yet to add other banks and NBFIs
It seems SAMP had a very good year and I am yet to add other banks and NBFIs
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
As per your analysis SAMP is on top.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Well ET I have avoided COMB and HNB so naturally SAMP is up on charts. Yet the performance of SAMP is splendid. I will update once I get enough information
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
Hello Friends,
Thought of posting a chart after a long time.
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From Oct 2017 to mid Feb 2018, SAMP chart has been going through a converging triangle, which represent a fierce battle between bulls and bears.
Finally, it has ended with an upward breakout, a decisive win for Bulls.
In future, the price will, most probably, demonstrate continuation of the upward trend with a new support line.
There is a possibility for price to swing between a price channel with about 10% width; giving some very low risk swing trading opportunities.
Look for some consolidation near 340/- and a peak near 385/-
Thought of posting a chart after a long time.
[You must be registered and logged in to see this image.]
From Oct 2017 to mid Feb 2018, SAMP chart has been going through a converging triangle, which represent a fierce battle between bulls and bears.
Finally, it has ended with an upward breakout, a decisive win for Bulls.
In future, the price will, most probably, demonstrate continuation of the upward trend with a new support line.
There is a possibility for price to swing between a price channel with about 10% width; giving some very low risk swing trading opportunities.
Look for some consolidation near 340/- and a peak near 385/-
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Thanks Hunter... warmly welcome to the forum....
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Welcome back Hunter.
PANTOMATH- Posts : 231
Join date : 2018-10-15
Continuous foreign selling is witnessed over the share for sometime.No doubt one of the most under valued banking sector share with good performance.So much of foreign selling is quit unusual.Is there another right issue pending?
serene- Top contributor
- Posts : 4850
Join date : 2014-02-26
In fact to day foreigners in buying side with 260k odd SAMP shares.PANTOMATH wrote:Continuous foreign selling is witnessed over the share for sometime.No doubt one of the most under valued banking sector share with good performance.So much of foreign selling is quit unusual.Is there another right issue pending?
xmart- Top contributor
- Posts : 732
Join date : 2015-01-17
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there is a strong support around 210. since the support 235 broken and the bear trend is much strong, it can be expected SAMP to come down further and reversal around 210.
we'll see
there is a strong support around 210. since the support 235 broken and the bear trend is much strong, it can be expected SAMP to come down further and reversal around 210.
we'll see
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 45
I presume the Sampath push down was an artificial one. Al least below a certain level. In my view it should have been stabilized around 250/- if not any intentional push down.
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 45
Sampath Bank chart showing signs of reversal from the point of 225/-. Can we see it coming back to around 250/- after all those mad selling.
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