Metro Spinning Limited announcements
309 Dhaka Stock Exchange announcements for Metro Spinning Limited (METROSPIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (21).
- Transmission of a Deceased Sponsor Director shares to his successors
Referring to their earlier news disseminated on 26.01.2017 regarding transmission of shares of late Al-Haj Abdul Ali, former Sponsor Director; the company has further informed that after having redemption from lien on July 08, 2018 residual 5,47,625 lien shares has been transmitted to his successors in the following manner according to the Succession Certificate issued by the Honorable Court: (1) 68,453 shares to Mrs. Hurer Nahar (wife), (cont.) (continuation news of METROSPIN): (2) 1,91,668 shares to Mr. Mohd. Ferdous Kawser Masud (Son; also Director of the Company), (3) 95,834 shares to Ms. Laila Ali (Daughter; also Director of the Company), (4) 95,835 shares to Ms. Sajia Afrin (Daughter) and (5) 95,835 shares to Ms. Fozia Afrin Lizna (Daughter). (end)
- Resumption after record date
Trading of the shares of the Company will resume on 26.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2018.
- 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 20.11.2018 to 22.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.03 for July-September, 2018 as against Tk. (0.11) for July-September, 2017; NOCFPS was Tk. 1.837 for July-September, 2018 as against Tk. (0.152) for July-September, 2017. NAV per share was Tk. 15.59 as on September 30, 2018 and Tk. 15.53 as on June 30, 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 November 13, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 2% stock dividend for the year ended on June 30, 2018. Date of AGM: 17.12.2018, Time: 9:30 AM, Venue: Maksons Group Conference Hall (Situated at Factory premises of Maksons Spinning Mills Ltd.) Holding # 87, Ward # 5, Block # B, Shahid Minnat Ali Road # 4, Gouripur, Ashulia, Savar, Dhaka. Record Date: 25.11.2018. (cont.) (Continuation news of METROSPIN): The Company has also reported EPS of Tk. 0.09, NAV per share of Tk. 15.53 and NOCFPS of Tk. 0.69 for the year ended on June 30, 2018 as against Tk. (0.64), Tk. 15.88 and Tk. (1.60) 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 (28.10.2018) 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 October 25, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Address Change of Registered Office
The Company has informed that the Board of Directors has decided to shift its Registered Office from 28 Dilkusha C/A, Suite-401, (4th floor), Dhaka-1000 to Plot-11, Paradise Tower, Floor-8, Road-2, Sector-3, Uttara, Dhaka-1230. However, the corporate office and share office will remain unchanged.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating (Surveillance) of the Company as "BBB3" along with a stable outlook based on un-audited financial statements as of March 31, 2018, audited financial statements up to June 30, 2017, bank liability position as on March 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Buy confirmation of Directors
Mr. Mohd. Ferdous Kawser Masud and Mrs. Laila Ali, both are Directors of the Company, have further reported that they have completed their buying of 2,58,448 shares each at prevailing market price through Stock Exchange (DSE) as announced earlier.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.06 for January-March 2018 as against Tk. (0.17) for January-March 2017; EPS was Tk. (0.02) for July 2017-March 2018 as against Tk. (0.46) for July 2016-March 2017. NOCFPS was Tk. (0.069) for July 2017-March 2018 as against Tk. (1.689) for July 2016-March 2017. NAV per share was Tk. 15.52 as on March 31, 2018 and Tk. 15.88 as on March 31, 2017.
- Buy declarations of Directors
Mr. Mohd. Ferdous Kawser Masud and Mrs. Laila Ali, both are Directors of the Company, have expressed their intentions to buy 2,58,448 shares each at prevailing market price (In the Block market) through Stock Exchange (DSE) within April 30, 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 25, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Query Response
In response to a DSE query dated February 18, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.03 for October-December, 2017 as against Tk. (0.20) for October-December, 2016; EPS was Tk. (0.08) for July-December, 2017 as against Tk. (0.29) for July-December, 2016. NOCFPS was Tk. 0.06 for July-December, 2017 as against Tk. (0.98) for July-December, 2016. NAV per share was Tk. 15.66 as on December 31, 2017 and Tk. 15.88 as on June 30, 2017.
- Dividend Disbursement
The Company has informed that it has disbursed cash dividend for the year ended on June 30, 2017.
- Category Change
The Company will be placed in 'B' category from existing 'Z' category with effect from January 28, 2018 as the Company has reported disbursement of 2% cash dividend for the year ended on June 30, 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 Metro Spinning Limited in between 1st to 30th trading day after change of categorization, with effect from January 28, 2018 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- 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 January 29, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.