When the owners of National Feed Mills Ltd have made it clear in their financial report that their profits have been reduced by almost half in the last year as their sales have dropped significantly, but share traders are not believing the disclosure as demand of the share rose sharply.
Shares with a face value of Tk 10 used to be sold at Tk 6 a few days ago, but what is the magic that the price of these dead shares is rising so much that DSE had to halt the trade.
Experts say that all these happened as gamblers picked the script as their choice. Aminul Islam has been trading shares in Dhaka for almost a decade has said, “There is no way to stop gamblers in Dhaka Stock Exchange. They are not going to be stopped by any means. Even in gambling, most of the general traders are deprived of the game and some gamblers are making money. ”
Sellers of shares of National Feed Mills Limited disappeared within two hours of trading on the Dhaka Stock Exchange (DSE) on Monday. The company’s shares are halted and the price is touching the circuit breaker.
According to sources, the seller’s house was empty even though there was an application to buy 1 lakh 53 thousand 479 shares on the company’s screen till 12 noon today. Shares of the company were last traded at Tk 11.30 during the period under review. Yesterday, the closing price of this share was Tk 10. 30.
The earning per share of NFML has stood Tk.0.16 for July to March’20 againt Tk 0.23 July to March,19 period respectively. The EPS for the period from July to March’2o has decreased against the period from July to March 19.
Due to overall sales for the period of January – March, 2020 decreased comparison to the period of September, 2019 to December, 2019 as overall price of day Egg, day old Chicks & Chicken was very 1ow, the company claimed.