Share prices of 18 companies remain below face value

Mohammad Mufazzal
The shares of 18 listed companies were being traded below their face value of Tk 10 as on Monday, mainly because of their poor performance in the last financial year.
Many of those companies have also displayed losses in the latest quarter (January-March) of 2018.
Most of the companies have been transferred to 'Z' category due to failure in recommending dividend.
The share prices of two 'A' category and one 'B' category companies also went down below their face values.
The shares of Beximco Synthetics, a 'Z' category company, were being traded below the face value. The company incurred losses further in January-March, 2018 period compared to same period of the previous year.
The loss was Tk 1.36 per share for January-March, 2018. The company did not recommend any dividend for the year ended on June 30, 2017.
The share price of C & A Textiles remains below the face value of Tk 10 each. For not recommending any dividend for the year ended on June 30, 2017, the company was shifted to 'Z' category.
There was no corporate disclosure regarding C & A Textiles on the DSE website since November, 2017.
The shares of Alltex Industries were being traded below the face value. The company's loss rose sharply in January-March, 2018 compared to same period of the previous year.
The company reported a loss of Tk 2.49 per share for January-March, 2018 against a loss of Tk 0.75 per share for January-March, 2017.
Khulna Printing and Packaging went public in 2014 with an offer price of Tk 10. On the day of debut trading, the company's market price rose up to Tk 45.
The company's share price at present remains below the face value of Tk 10 and share trading closed at Tk 9.10 on Monday. For not recommending any dividend, Khulna Printing and Packaging has also been transferred to 'Z' category.
The shares of Bangladesh Industrial Finance Corporation (BIFC) were also being traded below the face value.
The company recommended 'no' dividend for the year ended on December 31, 2017 and incurred a loss of Tk 9.34 per share during the year. Following no dividend declaration, the company has been shifted to 'Z' category.
The shares of First Finance, a 'Z' category company, were being traded below the face value and share trading closed at Tk 6.80 each on Monday.
The company witnessed a sharp decline in EPS for January-March, 2018. The company's consolidated EPS was Tk. 0.06 for January-March, 2018 as against Tk. 0.63 for January-March, 2017.
First Finance, however, recommended 10 per cent stock dividend for the year ended on December 31, 2017.
The market price of Prime Finance & Investment also went down below the face value. The company did not recommend any dividend for the year ended on December 31, 2017.
During the year the company incurred losses. The company also reported a loss for January-March, 2018. The company's shares are being traded under 'Z' category.
The share trading of Peoples Leasing and Financial Services closed at Tk 8.90 each on Monday. The company is yet to disclose financial statement for the year ended on December 31, 2017.
Of the other 'Z' category companies being traded below face value are: The Dacca Dyeing & Manufacturing Company, Familytex (BD), Generation Next Fashions, Maksons Spinning Mills, Metro Spinning, Tallu Spinning Mills, and Tung Hai Knitting & Dyeing.
Despite being an 'A' category company, the shares of Keya Cosmetics were being traded below the face value. The company's sponsor-directors made frequent disclosures to sell shares during January-May, 2018.
The shares of another 'A' category company-Delta Spinners-are being traded below the face value. The company reported a consolidated EPS of Tk. 0.06 for January-March, 2018 as against Tk. 0.08 for January-March, 2017.
The share price of Federal Insurance Company, a 'B' category company, also remained below the face value.
[email protected]