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BSEC CEO and spokesperson Mohammad Rezaul Karim said this after a visit from Robi’s corporate and regulatory director Shahed Alam on Tuesday afternoon.
He told bdnews24.com that Robi has high expectations as the second largest mobile operator in the country. Investors couldn’t be happier because they didn’t pay dividends.
“We have expressed our displeasure to him and asked investors to remedy the situation.”
Asked about the alternative to non-payment of dividends, the BSEC spokesperson asked Robi about it.
At a virtual press conference on the financial report in the afternoon, Robi CEO Mahtab Uddin Ahmed said: “They are not happy with that. They expected dividends to be paid. The regulator will want shareholders to be happy with the dividend. I totally agree with your feeling and emotion.
“We will share your concerns with the board members and try to take action.”
Meanwhile, Robi’s shares fell sharply on Tuesday due to non-payment of dividends.
In the first trade of the day, Robi’s share was seen trading at 39 Tk. The day before, Robi’s closing price was 48 Tk.
As a result, the price dropped by Tk 8 or 15.22 percent, which is the highest since trading.
At the end of the day, Robi’s shares were trading at 41 rupees 60 paise. Which is 9.13 percent less than the day before.
A total of 2 crore 4 lakh 71,262 Robi shares were traded on the Dhaka capital market on Tuesday. In terms of money, it is worth 75 crore rupees.
Robi’s shares were trading between Tk 39-42.90 on Tuesday.
Robi, the second largest mobile phone operator in Bangladesh, has said that it will not pay dividends to investors in 2020.
The company’s board of directors has proposed the dividend for fiscal year 2020 ending December 31.
The general meeting of March 21 must approve this year’s dividend. That is why the registration date is March 8.
If approved there, investors will not earn dividends for each share with a par value of Rs 10.
In the last year, Robi’s earnings per share has increased from 4 paise last year to 33 paise this year.
Despite trading on the capital market for only Taka 10, Robi’s shares rose 601 percent to Taka 80.10 in 15 consecutive days.
But then it decreases.
Shares of the company, which was listed on the stock exchange in 2020, are currently trading in the ‘N’ category.
In fiscal year 2020, Robi made a profit of 33 paise per share. At that time, the value of its assets per share was 13 rupees 90 paise. Its cash flow per share was 5 rupees 36 paise.
At this time last year, his earnings per share were 4 paise. The asset value per share was 12 rupees 74 paise His cash flow per share was 8 rupees 10 paise.
Robi issued 52 crore 36 lakh 93 thousand 334 shares with a par value of Tk 10 to raise a total fund of Tk 523 crore 69 lakh 33 thousand 340 from the IPO.
Of this, Robi sold 13 crore 80 lakh 50,934 shares to his employees and raised Tk 138 crore 5 lakh 9,340.
Of the remaining 36 crore 74 lakh 24 thousand taka, 155 crore 98 lakh 9 thousand 600 taka were allocated to eligible investors. The rest is for ordinary investors.
According to the audited financial report for fiscal year 2019, Robi’s assets are worth Tk 16,196 crore.
Last year, they made a profit of 16 crore 90 lakh rupees. At this time, the value of its assets per share is 12 rupees 74 paise and the earnings per share is 4 paise.
According to the 2019 financial report, Robi’s total assets are 16,198 crore taka. Return on the decimal asset 10 percent. This means that using the assets of 100 rupees a profit of 10 paise has been made.
Robi has 523 crore 69 lakh 33 thousand 335 shares in the capital market. Of this, 90.05 percent is in the hands of the directors.
In addition, institutional investors have 2.42% and general investors 8.53%.
Robi’s market capitalization is 21,999.32 crore. The paid capital of the company is 5 thousand 238 crore 93 lakh taka; The reserve amount is 1,236 crore 2 lakh taka.
More news-
Robi’s share price rises 601% in 15 days
Robi, who is flying, will not pay dividends
BSEC wants to know why Robi will not pay dividends
Robi’s ‘No Dividend’, fall in capital markets
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