GPH Ispat Limited announcements
278 Dhaka Stock Exchange announcements for GPH Ispat Limited (GPHISPAT) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (21).
- Information for Margin
The Company has requested the concerned brokerage houses/merchant banks to send the detailed data on the record date (Shareholder's name, BO ID Number, e-TIN number, Shareholding position etc.) relating to margin loan to the following email address: [email protected] by December 22, 2016 followed by hard copy to receive cash dividend in their favor.
- Resumption after record date
Trading of the shares of the Company will resume on 21.11.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2016.
- Spot for AGM
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 16.11.2016 to 17.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2016.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.37 for July-September, 2016 as against Tk. 0.65 for July-September, 2015; NOCFPS was Tk. 1.36 for July-September, 2016 as against Tk. 1.69 for July-September, 2015. NAV per share was Tk. 15.82 as of Septembe 30, 2016 and Tk. 15.45 as of June 30, 2016.
- Board Meeting
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 14, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity Rating (Surveillance) of the Company as "AA3" along with a stable outlook based on audited financial statements up to June 30, 2016, bank liability position as on August 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Declaration
The Board of Directors has recommended 12% cash dividend for the 14 months period from May 01, 2015 to June 30, 2016. Date of AGM: 13.12.2016, Time: 11:00 AM, Venue: Chittagong Club Ltd., S.S Khaled Road, Lalkhan Bazar, Chittagong. Record date: 20.11.2016. The Company has also reported EPS of Tk. 2.65, NAV per share of Tk. 15.45 and NOCFPS of Tk. 0.41 for the 14 months period from May 01, 2015 to June 30, 2016.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (27.10.2016) following its corporate declaration.
- Outsourcing for additional sales of MS Rod
The Company has informed that the Board of Directors has decided to start within this month outsourcing for additional sales of MS Rod from local manufacturers with a target of approximately 60,000 MT per annum. The proceeds of this additional sales will be added to the sales of own productions which will ultimately increase the total sales of an approximate amount of Tk. 3,000.00 million per annum. The profit after Tax will be increased by Tk. 60.00 million per annum from such activity.
- Rights Shares Disbursement
The Company has informed that it has credited the Rights share to the respective shareholders' BO Accounts.
- Change of Financial year
With a view to comply with the provision of Section 9 of the Finance Act, 2015-2016,the Board of Directors of the Company has decided to prepare a financial statements of 14 months period from May 2015 to June 2016 instead of 12 months financial period which is allowed by the Companies Act, 1994 as well as BSEC Directive dated April 27, 2016.
- Resumption after Record
Normal trading of the shares of the Company will resume on 09.03.2016 after record date.
- Suspension for Record
Trading of the shares of the Company will remain suspended on record date i.e., 08.03.2016 for entitlement of Rights share.
- Spot for Record date of Rights entitlement
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 the entitlement of Rights shares from 06.03.2016 to 07.03.2016. Trading of the shares of the Company will remain suspended on record date i.e., 08.03.2016.
- Q3 Financials
EPS was Tk. 0.93 for November'15-January'16 as against Tk. 0.72 for November'14-January'15; EPS was Tk. 2.30 for May'15-January'16 as against Tk. 1.98 for May'14-January'15. NOCFPS was Tk. (7.86) for May'15-January'16 as against Tk. 3.15 for May'14-January'15. NAV per share was Tk. 16.99 as of January 31, 2016 and Tk. 16.40 as of April 30, 2015.
- Board Meeting
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 February 29, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on January 31, 2016.
- Record date & Subscription period for Rights Issuance
The Company has further informed that the subscription period for rights issue will be from 17.04.2016 to 12.05.2016. Record date for entitlement of rights share: 08.03.2016.
- Approval for Right Shares
The Company has informed that BSEC has approved Rights offer of the Company for raising paid up capital through issuance of 18,71,10,000 ordinary shares of Tk. 10.00 each at an issue price of Tk. 14.00 per share (with a premium of Tk. 4.00 each) totaling Tk. 2,61,95,40,000.00 only at a ratio of 3R:2, i.e. three Rights share for two existing shares. The purpose of the rights issuance is to enhance the production capacity of the Company The approval has been accorded subject to the condition that the company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant Laws and Regulatory Requirements.
- Agreement with Primetals (additional info.)
With reference to their earlier news (disseminated by DSE on 13.01.2016) regarding Agreement with Primetals Technologies Austria Gmbh, Austria, the Company has further informed that average net profit after tax will increase by Tk. 1,403.70 million per annum over first 5 years after implementation of the project. The starting time of the project from signing of contact with machinery supplier is January, 2016 and the completion time will be 24 months from signing the contact.
- Agreement with Primetals Technologies
The Company has informed that the Board of Directors has decided to make an agreement with Primetals Technologies Austria Gmbh, Austria (a joint venture of Siemens and Mitsubishi Heavy Industries & Partners) for supplying of machineries for large scale expansion of GPH Ispat Ltd. with ultra modern long steel technology by enhancement of production capacity of MS Billet for 840,000 M. Ton (per annum) and MS Rod, Medium Section Product (Steel bim, Angle, Channel, Flat bar etc.) for 640,000 M. Ton (per annum). The said enhancement of production capacity will be added to the existing annual capacity of 168,000 M. Ton MS Billet and 120,000 M. Ton MS Rod. After expansion, the total capacity will reach to 1,008,000 M. Ton in case of MS Billet whereas the capacity of MS Rod and Medium Section product will be 760,000 M. Ton per annum. The approximate total cost of the said expansion plan is BDT 17,000 Million which will be implemented in two phases. The cost of the expansion will be arranged from Owners Equity and from Bank/Financial Institution loan.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.