Samata Leather’s share price soaring sans PSI

সান বিডি ডেস্ক || প্রকাশ: ২০১৯-০৩-২৬ ১২:৩৪:০৬ || আপডেট: ২০১৯-০৩-২৬ ১২:৩৪:০৬

Share price of Samata Leather Complex, a “Z” category company, is soaring having no price sensitive information (PSI).

Despite the bearish market trend, the company’s share price soared 30 per cent or Tk 15 each within a month to close at Tk 64.80 on Monday. Its share price was Tk 49.80 a month ago on February 26.

The company’s share traded between Tk 33 and Tk 67.80 in the last one year.

The company also failed to pay dividend to its shareholders over the years. Now, the company is under the Dhaka Stock Exchange (DSE) scanner.

Following the abnormal price hike in recent days, the DSE served show-cause notice on the company on Monday.

However, the company informed the DSE that there is no undisclosed price sensitive information for recent unusual price hike of its shares.

“Even after being served show-cause notice, there was no let-up”, said an analyst.

He advised the investors to carefully invest in stocks and should analyse the fundamentals of the companies beforehand.

As per un-audited financial statements for October-December, 2018, the company’s earnings per share (EPS) stood at Tk 0.038 as against Tk 0.021 for October-December, 2017.

In six months for July-December, 2018, EPS was Tk 0.01 as against Tk 0.016 for July-December, 2017.

The net operating cash flow per share (NOCFPS) was Tk 0.01 for July-December, 2018 as against Tk 0.77 for July-December, 2017.

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