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Sri Lanka Equity Forum » Stock Market Talk » Unusual SAMP

Unusual SAMP

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1 Unusual SAMP on Wed Mar 01, 2017 3:44 pm

einstein

avatar
Stock Trader
Hi,

I am new to CSE and I have a novice question after seeing the prices of SAMP today. Although it closed yesterday at 283 today it closed in green at 271 and the changed was Rs. 0.19 also which is again unusual since stock prices should have a value in multiplies of 0.10. Was that an effect of scrip dividends? If so, can someone enlighten me how that happens.

Thank you!

2 Re: Unusual SAMP on Wed Mar 01, 2017 3:54 pm

deli

avatar
Senior Equity Analytic
Senior Equity Analytic
It is unusual. you must see tomorrows trade summary to find out whether there were off the market crossing arrangements- dealings of shares off the platform.

3 Re: Unusual SAMP on Wed Mar 01, 2017 7:09 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
True, on 28th Feb. SAMP share closed at Rs.283. Today (March 1) day trading was around Rs.271 about Rs.12 drop. But the net change shown was inaccurate. Something went wrong.

Is someone trying to manipulate the share or is it a technical error?

4 Re: Unusual SAMP on Wed Mar 01, 2017 8:47 pm

niru


Manager - Equity Analytics
Manager - Equity Analytics
VWAP close on 28 Feb was 284.80
Script div given equivalent to 14/-
So the adjusted close on 28 Feb should be 284.80-14.00=270.80
( due to EX script div today)
But CSE stated as 270.71
Iam not sure how they calculated.



Last edited by niru on Wed Mar 01, 2017 8:55 pm; edited 2 times in total (Reason for editing : typo)

5 Re: Unusual SAMP on Thu Mar 02, 2017 9:31 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Does it mean the number of script dividends would add to CDS account in this week? Not after the approval from general meeting to be held..

6 Re: Unusual SAMP on Thu Mar 02, 2017 10:00 am

einstein

avatar
Stock Trader
@worthiness wrote:Does it mean the number of script dividends would add to CDS account in this week? Not after the approval from general meeting to be held..

SAMP had a EGM on 28th Feb to get the approval for scrip dividends. I think they will add the scrip dividends to CDS within next few days.

7 Re: Unusual SAMP on Thu Mar 02, 2017 10:07 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks einstein.

Once added average cost of present portfolio holders of SAMP would come down. It should mitigate, at least partly, the adjusted the price level.

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