FAS Finance & Investment Limited announcements
337 Dhaka Stock Exchange announcements for FAS Finance & Investment Limited (FASFIN) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (18).
- Matter of Emphasis
The auditor of the company has given the following "Matter of Emphasis" Paragraph in the audit report of the Company for the year ended on 31 December 2017: Matter of Emphasis: Without qualifying our opinion, we draw attention to the matter that inadequate provision on the balance of margin loan (adjusted) was made as per circular no. SEC/CMRRCD/2009-193/196 dated 28 December 2016 (cont.) (Continuation news of FASFIN): and the latest circular number SEC/CMRRCD/2009-193/203 dated 28 December 2017 of Bangladesh Securities and Exchange Commission (BSEC) due to unusual negative balance of collateral security arising out of fall in market value. (end)
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.32 for July-September, 2018 as against Tk. 0.07 for July-September, 2017; Consolidated EPS was Tk. 0.37 for January-September, 2018 as against Tk. 0.63 for January-September, 2017. Consolidated NOCFPS was Tk. (5.00) for January-September, 2018 as against Tk. 5.45 for January-September, 2017. Consolidated NAV per share was Tk. 13.71 as on September 30, 2018 and Tk. 13.34 as on December 31, 2017.
- 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 October 28, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
- Credit Rating Result
National Credit Ratings Limited (NCR) has announced the surveillance rating of the Company as "A" in the long term and "ST-2" in the short term along with a developing outlook based on audited financial statements of the Company of December 31, 2017.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. (0.01) for April-June, 2018 as against Tk. (0.02) for April-June, 2017; Consolidated EPS was Tk. 0.05 for January-June, 2018 as against Tk. 0.56 for January-June, 2017. Consolidated NOCFPS was Tk. (3.32) for January-June, 2018 as against Tk. 2.63 for January-June, 2017. Consolidated NAV per share was Tk. 13.39 as on June 30, 2018 and Tk. 13.34 as on December 31, 2017. (cont.) (Continuation news of FASFIN): It is to be noted that EPS has been decreased as compared to the same period of last year mainly due to increase of provision for diminution in value of investment and also loss incurred on share investment. Furthermore, NOCFPS has decreased as compared to the same period of last year mainly due to encashment/settlement of deposit with other FI's was more than the collection of deposit /fund and also loss incurred on share investment. (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 July 26, 2018 at 4:30 PM to consider, among others, unaudited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2018.
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from July 08, 2018 as the Company has reported disbursement of 10% stock dividend for the year ended on December 31, 2017.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Fas Finance and Investment Limited in between 1st to 30th trading day after change of categorization, with effect from July 08, 2018 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO Accounts on July 03, 2018.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.06 for January-March, 2018 as against Tk. 0.63 for January-March, 2017. Consolidated NOCFPS was Tk. (4.93) for January-March, 2018 as against Tk. 1.51 for January-March, 2017. Consolidated NAV per share was Tk. 14.74 as on March 31, 2018 and Tk. 14.79 as on March 31, 2017.
- Resumption after record date
Trading of the shares of the Company will resume on 22.04.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 19.04.2018.
- 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 17.04.2018 to 18.04.2018. Trading of the shares of the Company will remain suspended on record date i.e., 19.04.2018.
- 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 April 18, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2018.
- Dividend Declaration
The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2017. Date of AGM: 20.06.2018, Time: 10:30 AM, Venue: RAOWA Convention Hall, Hall No. 3 (Eagle) VIP Road, Mohakhali, Dhaka-1206. Record Date: 19.04.2018. (cont.) (Continuation news of FASFIN): The Company has also reported Consolidated EPS of Tk. 1.10, Consolidated NAV per share of Tk. 14.67 and Consolidated NOCFPS of Tk. 8.01 for the year ended on December 31, 2017 as against Tk. 0.72 (restated), Tk. 14.12 (restated) and Tk. 9.10 (restated) respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.03.2018) following its corporate declaration.
- 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 March 27, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
- Appointment of Managing Director & CEO
The Company has informed that Mr. Pritish Kumar Sarker has been appointed as the Managing Director and CEO of the Company with effect from January 07, 2018.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.