BBS Cables PLC. announcements
162 Dhaka Stock Exchange announcements for BBS Cables PLC. (BBSCABLES) since 2017: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (22).
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on December 24, 2017.
- Agreement signed with BREB
With reference to their earlier news (Disseminated by DSE on 08.11.2017) regarding receiving "Notification of Award (NOA)" from Bangladesh Rural Electrification Board (BREB); the Company has further informed that they have now signed an agreement with Bangladesh Rural Electrification Board (BREB) under "Distribution Network Expansion for 100% Rural Electrification project. Other information related to the project is as announced earlier.
- Resumption after record date
Trading of the shares of the Company will resume on 19.11.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.57 for July-September, 2017 as against Tk. 0.66 for July-September, 2016; NOCFPS was Tk. 1.81 for July-September, 2017 as against Tk. 0.49 for July-September, 2016. NAV per share was Tk. 20.74 as on September 30, 2017 and Tk. 19.17 as on June 30, 2017.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 14.11.2017 to 15.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2017.
- Received Notification of Award from BREB
The Company has informed that The Company has received "Notification of Award (NOA)" from Bangladesh Rural Electrification Board (BREB) under "Distribution Network Expansion for 100% Rural Electrification (Dhaka, Mymensing, Chittagong & Sylhet Divisions)" projects for the supply of Conductor, ACSR, Bare (Total=20,220 km) for the total amounting of Tk. 112,91,20,260.00. (cont.) (Continuation news of BBSCABLES): The NOA will be effective upon signing the of contract within 28 days. The letter of intimation will be submitted after signing of the contract. The goods will have to be delivered within four months from the date of signing of the contract. (end)
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 13, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.
- Dividend Declaration
The Board of Directors has recommended 5% cash dividend and 15% stock dividend for the year ended on June 30, 2017. Date of AGM: 12.12.2017, Time: 11:00 AM, Venue: Factory Premises, Jaina Bazar, Telehate, Sreepur, Gazipur. Record date for AGM: 16.11.2017. The Company has also reported EPS of Tk. 4.12, NAV per share of Tk. 19.17 and NOCFPS of Tk. 5.33 for the year ended on June 30, 2017 as against Tk. 2.46, Tk. 16.87 and Tk. 1.47 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (25.10.2017) following its corporate declaration.
- Two Agreements Signed with BPDB
The Company has informed that it has ink signed into two agreements under the same package with Bangladesh Power Development Board (BPDB), (The Director, Directorate of Purchase, Bangladesh Power Development Board (BPDB), WAPDA Building, Motijheel, Dhaka for Fouzderhat Store Project), (cont.) (Continuation news of BBSCABLES): for supplying 400 Km ACSR Grosbeak Conductor and 400 Km AAC WASP (Insulated) Conductor, for a total of Tk. 163,942,800.00 (Tk. 12,38,14,800.00 and Tk. 4,01,28,000.00 respectively). The goods will have to be delivered within 4 months from the date of signing. (end)
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 24, 2017 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Agreement Signed with BBS Cables (unit-2) Ltd.
The Company has informed that the Board of Directors of BBS Cables (Unit-2) Ltd. and BBS Cables Limited have decided and entered into ink sign an agreement for using the goodwill (Logo/Trademarks/Patents) of BBS Cables Ltd., its expertise in marketing, procurement, management, purchase & commercial activities, clearance of all imports from Chittagong/Benapole etc. In this connection, (cont.) (Continuation news of BBSCABLES): BBS Cables Limited will earn approximately Tk. 96,00,000.00 (Tk. 1,600 X 6,000 MT) per year as service fee from BBS Cables (Unit-2) Ltd. Furthermore, the production capacity of BBS Cables (Unit-2) Ltd. will be 6,000 MT (approx) per year and the commercial production of the BBS Cables (Unit-2) Ltd. will be started by December, 2018. The validity of this agreement is up to June 30, 2025. (end)
- Address Change of Registered Office & Investors' Relation Department
The Company has informed that the Board has decided to change the Registered Office of the Company from Ga-64, (3rd floor), Configure Bepari Tower Middle Badda, Pragoti Swarani, Dhaka-1212 to " Factory Premises, Jaina Bazar, Telehate Sreepur, Gazipur, " Bangladesh and also the Investors' Relation Department to Homestead Gulshan Link Tower (2nd Floor), Ta-99, Gulshan-Badda Link Road, Middle Badda, Dhaka-1212 which will be effective from September 17, 2017.
- Two Agreements Signed with BREB
The Company has informed that it has ink signed into two agreements under the same package with Bangladesh Rural Electrification Board (BREB), (The project Director, Rural Electrification Expansion Rajshahi-Rangpur Division Program-II), for supplying Conductor, ACSR, Bare Cables, for a total amounting of Tk. 98,74,05,935.00 (Tk. 47,94,22,335.00 and Tk. 50,79,83,600.00 respectively). The goods will have to be delivered within four months from the date of signing.
- Query Response
In response to another query of DSE on August 22, 2017 regarding a news published in a daily newspaper as regard to "Unusual trading of shares of BBS Cables Limited the Company has replied as follows: "The published news in the newspaper dated August 22, 2017 has no any authenticity from our point of views. It is based on their self opinion only". In response to a DSE query dated August 21, 2017 regarding a news published in the online newspaper as regard to "BBS Cables now Manufacture up to 220 kv Voltage Grade Cables", the Company has replied as follows: "An agreement was ink signed among BBS Cables Unit-2 Ltd. and several foreign vendors for supplying machineries on 18th August, 2017. BBS Cables Limited and BBS Cables Unit-2 Ltd. are separate entities; BBS Cables Ltd. is our renowned Company. (cont.) (Continuation news of BBSCABLES): We use the logo of BBS Cables Limited to motivate and attract the world renowned cables machineries suppliers and also for the advertisement purpose only. We were not aware of any legal matter in this connection." (end)
- Enquiry Committee formed by BSEC (Repeat)
(Repeat): BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into unusual price increase in shares of BBS Cables Limited in the Stock Exchanges (BSEC Order No. BSEC/Surveillance/2017-0896/821 dated August 22, 2017).
- Enquiry Committee formed by BSEC
BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into unusual price increase in shares of BBS Cables Limited in the Stock Exchanges (BSEC Order No. BSEC/Surveillance/2017-0896/821 dated August 22, 2017).
- Query Response
In response to a DSE query dated August 07, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Trading of New Security
Trading of the shares of BBS Cables Limited will commence at DSE from today (July 31, 2017) under 'N' category. DSE Trading Code for BBS Cables Limited is "BBSCABLES" and DSE Company Code is 13242.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers, Merchant Bankers and Portfolio Managers are requested to abstain from providing loan facilities to purchase securities of BBS Cables Limited in between 1st to 30th trading day, starting from today (July 31, 2017) as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Q3 Financials
BBS Cables Limited: (Q3 Un-audited): The Company has reported its profit after tax Tk. 86.48 million and basic EPS Tk. 0.86 for the 3 (three) months period ended on 31 March 2017 (January- March, 2017) as against profit after tax of Tk. 40.95 million and basic EPS of Tk. 4.10 for the same period of the previous year. It is to be noted that basic EPS has been calculated based on weighted average Pre-IPO paid-up number of shares 100,000,000 in 2017 and 10,000,000 in 2016. (cont. 1) (Continuation news of BBSCABLES: Q3): It is to be noted that the said EPS has been calculated based on weighted average Pre-IPO paid-up number of shares 100,000,000 in 2017 and 10,000,000 in 2016. However, considering Post-IPO 120,000,000 number of shares, Company's basic EPS would be Tk. 1.95 for 9 (nine) months period ended on 31 March, 2017 (July, 2016- March, 2017) and NAV per share would be Tk. 17.67 as on 31 March, 2017. (end) (Continuation news of BBSCABLES: Q3): However, considering Post-IPO 120,000,000 number of shares the Company's basic EPS for the 3 (three) months period ended on 31 March, 2017 would be Tk. 0.72 For the 9 (nine) Months period (July, 2016- March, 2017) ended on 31 March, 2017 profit after tax was Tk. 233.54 million and basic EPS was Tk. 2.34 as against profit after tax of Tk. 172.22 million and basic EPS of Tk. 17.22 for the same period of the previous year. (cont. 2)
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.