Mercantile Islami Insurance PLC announcements
340 Dhaka Stock Exchange announcements for Mercantile Islami Insurance PLC (MERCINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (16).
- Buy Confirmation of a Sponsor
Al - Haj Mohammed Hossain, one of the Sponsors of the Company, has further reported that he has completed his buy of 2,15,477 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Q3
EPS was Tk. 0.26 for July-September, 2015 as against Tk. 0.27 for July-September, 2014; EPS was Tk. 1.09 for January-September, 2015 as against Tk. 1.11 for January-September, 2014. NOCFPS was Tk. 0.88 for January-September, 2015 as against Tk. 0.90 for January-September, 2014. NAV per share was Tk. 16.34 as of September 30, 2015 and Tk. 16.15 as of December 31, 2014.
- Buy Declaration of a Sponsor
Al-Haj Mohammed Hossain, one of the Sponsors of the Company, has expressed his intention to buy 2,15,477 shares of the Company at prevailing market price through Stock Exchange within October 29, 2015.
- Credit Rating
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "A+" in the long term and "AR-2" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2014 and relevant qualitative information up to August 11, 2015.
- Q2 Financials
EPS for Jan-June, 2015 was Tk. 0.98 as against Tk. 1.00 for Jan-June, 2014, EPS for April-June, 2015 was Tk. 0.41 as against Tk. 0.46 for April-June, 2014. NOCFPS was Tk. 0.81 for Jan-June, 2015 as against Tk. 0.94 for Jan-June, 2014. NAV per share was Tk. 16.19 as of June 30, 2015 and Tk. 16.15 as of December 31, 2014.
- Cash Dividend Distribution
The Company has informed that cash dividend for the year 2014 has been credited through BEFTN system.
- Q1 Financials
Net Profit after tax from Jan15 to March15 was Tk. 25.50 million with EPS of Tk. 0.59 as against Tk. 26.00 million and Tk. 0.60 respectively for the same period of the previous year.
- Sponsors sale
Md. Jahangir, one of the Sponsors of the Company, has further reported that he has completed sale of his entire holdings of 5,74,604 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 23.04.2015 after record date.
- Suspension News for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.04.2015.
- Intention to buy/sell
Md. Jahangir, one of the Sponsors of the Company, has expressed his intention to sell his entire holding of 5,74,604 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange within next 30 working days.
- 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 20.04.2015 to 21.04.2015. Trading of the shares of the Company will remain suspended on record date i.e., 22.04.2015.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2014. Date of AGM: 09.06.2015, Time: 11:00 AM, Venue: Multipurpose Hall, Institution of Diploma Engineers Bangladesh, 160/A, Kakrail, Dhaka. Record Date: 22.04.2015. The Company has also reported EPS of Tk. 1.51, NAV per share of Tk. 16.15 and NOCFPS of Tk. 1.05 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 (12.04.2015) following its corporate declaration.
- Board Meeting schedule under LR 30
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 09, 2015 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- Managing Director
The Company has informed that Mr. Md. Aminur Rahman has assumed the office as the Managing Director of the Company with effect from January 01, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.