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No dividend was proposed in the summary of the 2020 financial statements approved by the board of directors, which was published on the company’s website on Monday.
The financial statements must be approved at the Robi Axiata general meeting on March 21. That is why the registration date is March 8. Once approved, investors will not receive dividends. Generally, the decision of the board of directors is not changed at the general meeting.
According to the website, Robi Axiata’s earnings per share (EPS) for 2020 was 33 paise, up from 4 paise the previous year. As a result, EPS has increased by 625 percent.
On the Dhaka Stock Exchange (DSE), Monday’s market price of 33 paise EPS, Robi’s PE ratio (price / earnings ratio) was 139.39 points, while Grameenphone’s PE ratio was only 14.6 points.
Generally, if the PE ratio is greater than 20, the share price is considered relatively high and risky.
Robi’s shares, which went on the market late last year, are currently trading in the ‘N’ category. After going public, the company’s share price of Tk 10 rose 601 percent for 15 consecutive days and rose to Tk 80 10 paise. Later it decreases again.
On Monday, the share price increased by four taka from the previous day and was trading at 48 taka. One crore 4 lakh 17,398 shares of Robi were traded on this day, with a total value of Tk 48 crore 47 lakh.
According to data released on Monday, Robi’s asset value per share last year was 13 rupees 90 paise, which was 12 rupees 74 paise the previous year. Cash flow per share has also increased from Tk 5 38 paise to Tk 8 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.
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.
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