The greater part of the recorded organizations are keeping most of their benefits as opposed to imparting the crown jewels to their investors as money profits – in one more purpose behind the at present low trust in the securities exchange.
Normally, speculators put cash in a stock in the wake of investigating the organization’s income. Be that as it may, their endeavors go futile if the organizations become selfish with regards to money profits.
A year ago, the financial exchange controller guided the organizations to express their purposes behind holding benefits as opposed to circulating them.
Be that as it may, the greater part of them are not adhering to the guidance, in what can be seen as the decreasing load of the Bangladesh Securities and Exchange Commission.
The others are quickly referencing the reasons in their yearly reports – leaving the financial specialists unaware.
Of the 359 recorded organizations, 309 signed in benefits in their last money related year.
The 309 organizations’ all out benefits remained at Tk 23,015.41 crore, however 53.85 percent was held by them. This, ostensibly, doesn’t look really awful – and Grameenphone is to thank for it.
The nation’s driving portable administrator is a liberal sharer of benefits with its general investors.
On the off chance that Grameenphone’s profit sum is taken out, the rate that the organizations clutch for themselves ascends to around 68 percent.
“This is simply cheating with financial specialists,” said Maruf Reza a retail speculator, including that the majority of the recorded organizations are being closefisted about money profits.
An organization can keep their benefits legitimately by announcing stock profit – which is a profit installment made as extra offers as opposed to a money payout – or saves on the off chance that it predicts higher benefits by further speculation.
“In any case, keeping benefits a seemingly endless amount of time after year in any event, when the business possibilities for the not so distant future don’t look too splendid demonstrates there is some other goal,” Reza included.
RN Spinning Mills never gave money profit since its posting in 2009, when it raised Tk 30 crore. It booked benefits on a large portion of the years but then gave stock profits.
Presently, it has become a misfortune making organization.
Along these lines, the organization gave nothing to its speculators over the most recent ten years yet a deterioration of their portfolio: its offer cost has now come slamming down to simply Tk 3.
Organizations in which the chiefs have little stakes tend to not give profits, said another stock speculator refering to the case of RN Spinning Mills.
RN Spinning Mills’ five executives by and large have a 30 percent stake in the material maker.
Somewhere in the range of 80 organizations didn’t pay anything to the investors in spite of recording benefits, as indicated by information from the Dhaka Stock Exchange. Also, the greater part of the organizations’ executives hold under 40 percent shares.
In any case, 34 organizations gave higher profits than their benefits. Of them, 17 are shared assets and three are multinationals.
As executives of the global organizations hold the greater part of the stakes, they give more money profits.
This is their usual way of doing things to repatriate their benefits.
Numerous neighborhood recorded organizations either can’t pay their investors or are not ready to pay, said Mizanur Rahman, a securities exchange examiner.
“This is a direct result of poor corporate administration.”
The organizations’ hidden income is lower contrasted with their benefits in light of the fact that the organizations are not well overseen and run as a privately-owned company, he said.
On the off chance that the organizations are not sharing their benefits, they might be duping financial specialists in different manners like over-invoicing, said Rahman, who is likewise a teacher at the Dhaka University’s bookkeeping and data frameworks division.
The CFO of a recorded organization endless supply of namelessness that his firm had the option to give in any event 80 percent money profit a year ago yet the permitted just 20 percent.
The organization’s chiefs either need to give stock profits or keep the benefits in spite of the fact that it as of now has a hold of more than Tk 700 crore.
“Around the world, stock profit isn’t considered as any profit since it pays nothing,” said Md. Moniruzzaman, overseeing executive of IDLC Investments, a trader bank.
Be that as it may, the retail financial specialists here need to manage with stock profit.
Inadequately performing organizations regularly give stock profit a seemingly endless amount of time after year.
“This is a result of absence of corporate administration.”
All around, when an organization has colossal holds and lower plausibility of further development, it repurchases shares, which builds its income per share.