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Share price of Imam Button Industries Limited is soaring without any price sensitive information (PSI) as the company’s price surged 13.67 per cent within four trading days.
In the last one month, the Z-category issue jumped more than 33 per cent to close at Tk 44.90 on Sunday on the Dhaka Stock Exchange (DSE). The company’s share price was Tk 33.80 each a month ago.
Following the recent abnormal price hike, the DSE served show-cause notice on the company.
However, the company informed the DSE on Monday that there is no undisclosed price sensitive information for recent unusual price hike of its shares.
“Even after serving of show-cause notice, the prices of the company continued to rise, which may hit the investors” said an analyst, seeking anonymity.
He noted that investors should be careful about the unusual price hike of the low-cap companies and Z-category companies.
The company’s earnings per share (EPS) stood at Tk 0.15 for July-September, 2017 as against Tk 0.24 for July-September, 2016.
The net operating cash flow per share (NOCFPS) was Tk 0.04 for July-September, 2017 as against Tk 0.03 for July-September, 2016. The net asset value (NAV) per share was Tk 6.07 as on September 30, 2017 and Tk 6.22 as on June 30, 2017.
Imam Button failed to pay dividend since 2010. In 2010, the company paid 10 per cent stock dividend.
The company's paid-up capital is Tk 77 million and authorised capital is Tk 100 million, while the total number of securities is 7.70 million.
The sponsor-directors own 31.53 per cent stake in the company while the institutional investors own 9.01 per cent and the general public 59.46 per cent as on December 28, 2017, the DSE data shows.