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Sampath Bank PLC - A giant awakening

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Sampath Bank PLC - A giant awakening

Post by EquityChamp on Tue Aug 02, 2016 11:07 pm

Thought of talking a bit of this stock. It has recorded an EPS of 30.5 and 38.4 in FY 2014 & 2015 but traded around Rs230 - Rs240 most of the time. For some reason the earnings have not been properly reflected on the stock price may be due to subdued market conditions.

On the back of this the bank has recorded significant growth in revenue as well as profits in 1H of FY 2016. Based on my assumptions for 2H I worked out a forecast for the FY 2016 as follows.
 201420152016 F
NII  16,781   18,550      23,353
Net fee & commision income    4,259     5,417        6,296
Net operating income  22,606   26,742      32,555
Total operating expenses  12,180   13,962      15,978
PBT    7,247     9,790      12,719
PAT    5,268     6,628        9,388
EPS30.5538.44       53.04
Share price    236.0     248.0        243.8
NAV       179        204 267
This stock will report astonishing earnings growth in excess of 40% this year on the back of interest income growth of 26%.

In terms of valuations the stock is trading @ a forward PE of 4.6x @ todays CMP of 243.8. If just compare with the average PE and PBV ratios clocked by this stock for the last two years the share should adjust to at least Rs357/- in the coming months.

Therefore a clear appreciation potential by at least 40% is visible to me. My advise for you is not to sell your Sampath @ these levels but BUY it now for a two quarter period investment. Sampath will deliver you a great result.

Good luck
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Re: Sampath Bank PLC - A giant awakening

Post by worthiness on Wed Aug 03, 2016 12:44 am

Subdued market forced investors to sell off SAMP share at discounted price. Some sold at loss, break even & for a small margin. Small investors suffered a lot. Considering the operational performance even buying SAMP now would accumulate adequate profit % from mid to long term. Remarkable progress in coming 3rd quarter would be more enthusiastic. Flourishing business activities always produce high dividend yield that attract potential buyers.

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Re: Sampath Bank PLC - A giant awakening

Post by worthiness on Wed Aug 03, 2016 4:47 pm

@EC
NII forecast for 2016 is about 26% over 2015. Two more quarters to go. More business opportunities to be arisen in the rest of the year may easily slap the % targeted. Besides introduction of competitive innovative products in the market would attract more business circles & a share from new constructions activities coming up.
Nevertheless, price movement in the past lose velocity indicating no keen shown by high end investors so far....

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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Wed Aug 24, 2016 11:27 pm

You can see the awakening of the giant very slowly. Today closing @ 256. Its value more than 350/- for me.
Thanks
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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Wed Aug 31, 2016 9:42 pm

253/- now still going at snail's pace. But don't forget the time will come to realize hefty gains. Still the stock hasn't move at least 10% of what it should have been.
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Re: Sampath Bank PLC - A giant awakening

Post by samaritan on Wed Aug 31, 2016 9:57 pm

EPS (last 04qtrs) = 44/68

last qtr (alone) eps = 14/16

PE = 5.7  NAV = 239/=

Fundamentally a strong share with tremendous growth potential.

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Re: Sampath Bank PLC - A giant awakening

Post by Teller on Thu Sep 01, 2016 6:57 pm

Day by day Sampath is appreciating . this is a nice share to study ..
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Re: Sampath Bank PLC - A giant awakening

Post by stoka on Fri Sep 02, 2016 12:31 am

Director is selling big time August 2016.

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Re: Sampath Bank PLC - A giant awakening

Post by worthiness on Fri Sep 02, 2016 10:22 am

I guess real appreciation of SAMP erupts by mid of November other than slow progress in super month September. If directors are selling at this time there must be a special point. Many disposed SAMP holdings around Rs.230/. New 52 week high price is to be recorded in next week.

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Re: Sampath Bank PLC - A giant awakening

Post by Bullrunner7 on Fri Sep 02, 2016 11:51 am

Well, share trades made by newly appointed company directors are no guide whatsoever to the health of a company. They are an act of faith rather than a sign of conviction. New joiners often feel compelled to buy. 
Similarly, the exercise of share options serves no purpose as a buy or sell signal as the influences behind these transactions are rarely aligned to the performance of a business. More likely, the trade is dictated by the vesting date of the options. 
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Re: Sampath Bank PLC - A giant awakening

Post by kassachandi on Tue Sep 06, 2016 3:54 pm

255 is a massive discount price to collect this tremendous growth bank. Note SAMP will deliver a monster EPS of more than 45. This will suddenly shoot up to 275 and then march towards 300+ . SAMP earnings will only get better with their new banking innovations. You can gain risk free profit of more 10% even,in short term if you buy SAMP @current cmp

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Re: Sampath Bank PLC - A giant awakening

Post by kassachandimal on Wed Sep 21, 2016 9:42 am

Continuous foreign buying in this giant banker SAMP

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Re: Sampath Bank PLC - A giant awakening

Post by kassachandimal on Mon Sep 26, 2016 10:57 am

SAMP has surely broken its ressistance at 260 next short term stop is @270

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Re: Sampath Bank PLC - A giant awakening

Post by worthiness on Mon Sep 26, 2016 2:59 pm

SAMP has reached to 52 week high Rs.261.

FT analysis suggests to buy.

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Re: Sampath Bank PLC - A giant awakening

Post by Lucky Gamage on Mon Sep 26, 2016 3:01 pm

BLI will announce Rs 4/- Dividend on 29th Sep'16  AGM Date on 29th Sep'16
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Re: Sampath Bank PLC - A giant awakening

Post by Lucky Gamage on Mon Sep 26, 2016 3:03 pm

Correct information to Forum members... not like blood suckers...
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Re: Sampath Bank PLC - A giant awakening

Post by kassachandimal on Wed Sep 28, 2016 12:34 pm

SAMP just cleared 265. Oh going faster than i thought. Another super quater earnings to come and this will be touching 300 in no time

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Re: Sampath Bank PLC - A giant awakening

Post by Bullrunner7 on Wed Sep 28, 2016 12:40 pm

Yes for sure
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Re: Sampath Bank PLC - A giant awakening

Post by EquityChamp on Wed Sep 28, 2016 12:58 pm

Remember my valuation. Those are never fortune telling.
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IS YOUR FATHER THE CHAIRMAN OF BLI???

Post by ruwan326 on Wed Sep 28, 2016 1:15 pm

Lucky Gamage wrote:BLI will announce Rs 4/- Dividend on 29th Sep'16  AGM Date on 29th Sep'16
 


DIVIDEND ANNOUNCEMENT   
27 April 2016
Date of Announcement: - 27.Apr.2016
Rate of Dividend: - Rs. 1.50 per share (Subject to dividend tax of 10%) /Interim Dividend
Financial Year: - 2015/2016
XD: - 09.May.2016
Payment: - 16.May.2016
Share Transfer Book Open
...................
With in 4months dividend again Very Happy Very Happy Very Happy Very Happy Very Happy
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Re: Sampath Bank PLC - A giant awakening

Post by kassachandimal on Wed Sep 28, 2016 2:24 pm

yeah EC


Last edited by kassachandimal on Wed Sep 28, 2016 2:26 pm; edited 1 time in total

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Re: Sampath Bank PLC - A giant awakening

Post by kassachandimal on Wed Sep 28, 2016 2:25 pm

Some good volumes changing hands in SAMP

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Re: Sampath Bank PLC - A giant awakening

Post by worthiness on Wed Sep 28, 2016 5:35 pm

SAMP holders will be showered after long drought. Two trading days are remaining. Expecting a good turn out over Rs.270/= hopefully.

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Re: Sampath Bank PLC - A giant awakening

Post by Bullrunner7 on Wed Sep 28, 2016 6:15 pm

I'm holding from 253 onwards Smile
Thank you EC Smile
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Re: Sampath Bank PLC - A giant awakening

Post by Harry82 on Thu Sep 29, 2016 7:16 am

Rs 3.00 or Rs 5.00 up today?
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