Sharebarta24.com: The regulatory body Bangladesh Securities and Exchange has directed Walton Hi-Tech Industries Limited, Berger Paints Bangladesh Limited and government corporation Investment Corporation of Bangladesh (ICB) to increase their free-float shares.
As a result of this directive of BSEC, the entrepreneurs / managers of the companies will have to sell 8 crore 45 lakh 59 thousand 422 shares. So that the selling pressure in the market will naturally increase and the supply of shares will increase within 1 year. So that the price of the shares fell the day after the announcement of the offload. A directive in this regard was sent to the three companies on Sunday. This information has been found in the commission sources.
According to DSEC sources, Walton Hi-Tech Industries Limited has a 97 per cent stake, Berger Paints Bangladesh Limited has a 5 per cent stake and the state-owned Investment Corporation of Bangladesh (ICB) has a 3.19 per cent stake. As a result of such directive of the regulatory body, the entrepreneurs / directors of the three companies will have to sell 8 crore 45 lakh 59 thousand 422 shares. At the current market price, the price will be 5 thousand 173 crore 26 lakh rupees. The companies will have to give up this share within the next one year.
Mohammad Rezaul Karim, executive director and spokesperson of BSEC, said that the shares of these three companies are less than 10 percent to the investors. Due to which the commission has decided to upload a total of ten percent of the shares of these companies. In this case, the BSEC has decided to release the shares to the companies at the market price.
In this regard, General Secretary of Bangladesh Investors Unity Council Kazi Abdur Razzak said, “We applaud the decision of BSEC on behalf of the investors.” This is a good decision for investors. A law is also needed to prevent any company from entering the IPO in the future without leaving less than 10 per cent in the stock market. We hope that besides this decision, the commission will also make a law in this regard.
Abdur Razzak further said that any company in the market that leaves less shares is more likely to manipulate those shares. As a result of this decision, it will no longer be possible to manipulate the shares.
Walton: Walton Hi-Tech currently owns 99.03 percent of the shares held by its sponsoring directors. Foreign investors, institutional investors and general investors have 0.98 percent. Of this, general investors have 0.46 percent. Institutional investors have 0.39 percent and foreign investors have 0.10 percent. If you want to fill 10 percent of the company, you have to give up another 9.03 percent shares.
The last time the company’s shares were traded at 1438 rupees 80 paise. According to the share price, the company’s PE ratio stands at 31.56 points. The paid up capital of the company is 302 crore 92 lakh 60 thousand taka. The company has paid a 250 percent cash dividend to the latest investors. The latest earnings per share of the company showed 54 rupees 21 paise. At the same time last year, the income was 24 rupees 21 paise. At the time of writing, the company’s asset value per share stood at 311 rupees 59 paise.
Berger Paints: The company currently owns 95 percent of the sponsored directors. And foreign investors, institutional investors and general investors have 5 percent. Of this, general investors have 1.15 percent. Institutional investors have 3.61 per cent and foreign investors have 0.14 per cent. In order to fill 10 percent of the shares, the company has to give up another 5 percent shares.
The last time the shares of the company were traded at 1921 rupees. According to the share price, the PE ratio of the company stands at 29.75 points. The paid up capital of the company is Tk 48.36 crore. The company paid a 295 percent cash dividend to the latest investors. In the first quarter of the latest company (April-June ’21), the earnings per share for three months showed 16 rupees 9 paise. At the same time last year, the income was 2 rupees 32 paise. At the time of writing, the company’s asset value per share stood at Tk 246.07.
ICB: The company currently owns 89.61 per cent of the sponsored directors and 26 per cent of the government. Here the company has a share of 97.61 percent. Institutional investors and general investors have 3.19 percent. Of this, general investors have 1.35 percent. Institutional investors hold 1.74 percent. To fill 10 percent of the shares, the company will have to give up another 6.71 percent.
The last time the company’s shares were traded at 142 rupees. According to the share price, the company’s PE ratio stands at 85.20 points.
The paid up capital of the company is 605 crore 81 lakh 80 thousand taka. For the latest investors, the company has paid 5 percent cash and 5 percent bonus dividend.
The latest quarterly earnings (July 20-March ’21) of the company showed earnings per share of Tk 1.25 in nine months. The loss was 59 paise at the same time last year. At the time of writing, the company’s asset value per share stood at 54 rupees 7 paise.
Source: Share Barta 24 by www.sharebarta24.com.
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