Argon Denims Limited announcements
223 Dhaka Stock Exchange announcements for Argon Denims Limited (ARGONDENIM) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (17).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "A" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2014, unaudited financial up to September 30, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q3 Financials
EPS was Tk. 0.88 for July-September, 2015 as against Tk. 0.86 for July-September, 2014; EPS was Tk. 2.27 for January-September, 2015 as against Tk. 2.84 for January-September, 2014. NOCFPS was Tk. 2.58 for January-September, 2015 as against Tk. 4.11 for January-September, 2014. NAV per share with revaluation reserve was Tk. 24.77 as of Sept. 30, 2015 and Tk. 27.00 as of 31.12.14, NAV per share without revaluation reserve was Tk. 23.39 as of Sept. 30, 2015 and Tk. 25.31 as of 31.12.14.
- Confirmation of sale by Sponsors /Directors
Areefa Akhter, Farhana Haque, Md. Akhter Shahid, Abu Kawser Majumder and A. K. Gouhor Rabbani, all are Sponsors/Directors of the Company, have further reported that they have completed their sale of 1,97,000 shares, 2,01,000 shares, 5,00,000 shares, 5,53,000 shares and 5,49,000 shares respectively at prevailing market price through Stock Exchange as announced earlier.
- Sale Declaration
Areefa Akhter, Farhana Haque, Md. Akhter Shahid, Abu Kawser Majumder and A. K. Gouhor Rabbani, all are Sponsors/Directors of the Company, have expressed their intention to sell 1,97,000 shares, 2,01,000 shares, 5,00,000 shares, 5,53,000 shares and 5,49,000 shares out of their total holdings of 3,08,016 shares, 3,12,984 shares, 71,47,296 shares, 99,22,752 shares and 99,22,200 shares respectively at prevailing market price through Stock Exchange within next 30 working days.
- Investment for purchasing and installing 9 Air Jet Looms
The Company has informed that their Board of Directors has taken a decision to make an investment for purchasing and installing 9 Air Jet Loom at approximate cost of Tk. 5.00 Crore in order to increase the production capacity of the Company.
- Q2 Financials
EPS for April-June, 2015 was Tk. 0.85 as against Tk. 0.87 for April-June, 2014, EPS for Jan-June, 2015 was Tk. 1.39 as against Tk. 1.93 for Jan-June, 2014. NOCFPS was Tk. (0.46) for Jan-June, 2015 as against Tk. 0.29 for Jan-June, 2014. NAV per share with revaluation reserve was Tk. 23.89 as of June 30, 2015 and Tk. 27.00 as of December 31, 2014, NAV per share without revaluation reserve was Tk. 22.50 as of June 30, 2015 and Tk. 25.31 as of December 31, 2014.
- Reduction of restriction on raising capital
The Company has informed that, Bangladesh Securities and Exchange Commission (BSEC) has considered their appeal and decided to reduce the earlier restriction on the Company for raising of capital for 2 (two) years instead of 3 (three) years.
- Q1 Financials
(Q1 Un-audited): Net Profit after tax from Jan15 to March15 was Tk. 53.21 million with basic EPS of Tk. 0.64 as against Tk. 83.25 million and Tk. 1.01 (restated) respectively for the same period of the previous year. However, considering bonus share 20% for the year 2014, restated basic EPS is Tk. 0.54 as on 31.03.2015 and Tk. 0.84 as on 31.03.2014.
- Stock Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders BO Accounts on May 11, 2015.
- Trade Resume
Normal trading of the shares of the Company will resume on 16.04.2015 after record date.
- Trade suspended on record date
Trading of the shares of the Company will remain suspended on record date i.e., 15.04.2015.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per spot settlement cycle with cum benefit from 12.04.2015 to 13.04.2015. Trading of the shares of the Company will remain suspended on record date i.e., 15.04.2015.
- Dividend Declaration
The Board of Directors has recommended 20% stock dividend for the year ended on December 31, 2014. Date of AGM: 30.04.2015, Time: 10:00 AM, Venue: International Convention City Bashundhara-1 (Gulnaksha), Bashundhara, Dhaka (North side of 300 feet Purbachal Road). Record date: 15.04.2015. The Company has also reported Net Profit after Tax of Tk. 287.46 million, EPS of Tk. 3.47, NAV per Share of Tk. 27.00 and NOCFPS of Tk. 2.02 for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (05.04.2015) following its corporate declaration
- Board Meeting
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 02, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- Non approval of Rights Issuance by BSEC
BSEC has expressed its inability to approve the rights issue of Argon Denims Limited as per Commissions Directive No. BSEC/Enforcement/2137/2014/20 dated January 27, 2015.
- BSEC Directive
In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Bangladesh Securities and Exchange Commission hereby directs the Argon Denims Limited that: The company shall not be entitled to apply to the Commission for raising of capital for next 3 (three) years. This shall have immediate effect. (Ref.: BSEC Directive No. BSEC/Enforcement/2137/2014/20 dated January 27, 2015).
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.