PHARMAID
The Board of Directors has recommended cash dividend @ 30% for the year 2007- 2008. Date of AGM: 30.12.08, Time: 11:00 AM, Venue: Kandrio Kanchi Kanchar Mela Auditorium, 37/A, Segun Bagicha, Dhaka-1000. Book Closure: 21.12.08 to 30.12.08.
Read more...NORTHERN
As per audited accounts as on 30.06.08, the Company has reported net loss of Tk. (17.75) m. with EPS of Tk. (10.44) as against Tk. (2.02) m. and Tk. (1.19) as on 30.06.07. Accumulated loss of the company was Tk. (46.09) m. as on 30.06.08.
Read more...DHAKAFISH
The Board of Directors has recommended cash dividend @ 2% for the year 2007-2008. Date of AGM : 28.12.08. Time: 11:00 AM, Venue: Project Site of the Company, Rajendrapur, Gazipur. Book Closure: 21.12.08 to 28.12.08.
Read more...ORIONINFU
The Board of Directors did not recommend any dividend for the year 2006-2007. Moreover, the Board of Directors has recommended cash dividend @10% (excluding Sponsor Director) for the year 2007-2008. Date of AGMs : 28.12.08. Time: 9:00 AM and 9:30 AM respectively. Venue: Bangladesh-China Friendship Conference Centre, Agargaon, Sher-E-Bangla Nagar, Dhaka. Book Closure for the AGMs: 22.12.08 to 28.12.08.
Read more...TITASGAS
The Board of Directors has recommended cash dividend @ 25% for the year 2007- 2008. Date of AGM : 31.12.08, Time: 10:00 AM, Venue: BDR Darbar Hall, Bangladesh Rifles, Pilkhana, Dhaka. Record Date: 15.12.08.
Read more...FDR with BOND
Bonds are commonly referred to as fixed-income securities and are one of the three main asset classes, along with stocks and cash equivalents..
(Bonds are debt, whereas stocks are equity. This is the important distinction between the two securities. By purchasing equity (stock) an investor becomes an owner in a corporation. Ownership comes with voting rights and the right to share in any future profits. By purchasing debt (bonds) an investor becomes a creditor to the corporation (or government). The primary advantage of being a creditor is that you have a higher claim on assets than shareholders do: that is, in the case of bankruptcy. a bondholder will get paid before a shareholder. However, the bondholder does not share in the profits if a company does well - he or she is entitled only to the principal plus interest.)
SUPPOSE you fdr 1,00,000 taka with a bank you will be paid 11%-12% after one year,
but if you buy ibbl mudaraba bond[which is under valued] of 100000 taka at current price(890-900) and you can buy
100000/900=111 bond,
after one year or record date you will get 12% of 111000 taka,because your buying price lower than it's face value[face value 1000 taka]
REMEMBER-bond for fdr or long term hold,not for short term or quick profit and don't buy it upper face value
SOME THOUGHT about spceramic
As per audited half-yearly financial statements, profit after tax of the company was Tk. 72.23 million with EPS of Tk. 1.03 as on 30.06.08 as against last year's un-audited half yearly profit after tax of Tk. 32.32 million and EPS of Tk. 0.49 as on 30.06.07. Net Asset Value (NAV) per share of the company was Tk. 15.81 as on
based on eps of spceramic and calculating number of share-it's price should be around 20-22 taka
and for small investor. please keep your mind away from buying spceramic's share for 3 month
How to manage your money in stock market
As a stock trader, your money management strategy is the one variable that will give you the biggest edge in trading stocks. Believe it.
You cannot control the markets but you can control your money and your risk on each and every trade that you make.
William O'neill, founder of Investors Business Daily, has said that, "The whole secret to winning in the stock market is to lose the least amount possible when you're not right." I would agree with that!
Your money management strategy answers these questions:
1.How much money should I risk on this trade?
2.How many shares should I buy?
A good trading system or strategy is absolutely worthless without a method of managing your money. You like to trade stocks right? You like to make money in the markets right? Well, you will not have any money to trade with if you do not follow good money management practices!
Your #1 goal as a swing trader is to preserve your capital so that you can stay alive long enough to have some big winners that cover the costs of your losing trades AND make a profit. You accomplish this through a sound money management strategy.
The 2% Rule
Most traders would agree that you should not risk more than 2% of your trading capital on a single trade. The stock market is mostly random. No one else is going to tell you this, but this is the reality of trading stocks.
So no matter how good the chart looks, there is a chance that the stock will not go in your desired direction and you WILL lose money on the trade. How much money will you lose if this happens?
On the first of each month, look at the total amount of money in your trading account. Let’s say you have =3,00,000 taka. Two percent of this amount is =6,000.00.taka That is the maximum amount you can lose on a trade.
Read more...Stocks slump on chilling report
he benchmark index of Dhaka Stock Exchange suffered the biggest single-day fall in four years yesterday, a day after the World Bank's negative forecast about the country's economy.
The World Bank said on Wednesday Bangladesh's export growth might fall by 4.3 percentage points and remittance inflows by 20 percentage points this fiscal year from a year ago due to the global economic meltdown.
WB's Dhaka office also depicted a scenario of the likely impact of the global economic rout on the export growth, remittance, balance of payments, budget and GDP.
“It appeared that the investors got panicked by World Bank's negative forecast,” said Salahuddin Ahmed Khan, chief executive officer of DSE.
Abu Ahmed, professor of economics at Dhaka University, said the forecasts by donor agencies such as World Bank and International Monetary Fund about Bangladesh's economy went wrong last year.
The latest projection about the economy by the World Bank will also be proven wrong, he said.
Ahmed also said many retail investors had already left the capital market. “Institutional investors will have to come forward to bring back vibrancy to the market,” he said.
Finance Adviser Mirza Azizul Islam on Wednesday also ruled out the WB prediction on slowing GDP growth in the face of the economic downturn.
The DSE General Index yesterday nose-dived by 100.38 points, or 3.92 percent, to 2,459.48 points. The DSE All Share Price Index also plunged 81.77 points, or 3.86 percent, to 2,035.42 points. Almost all the securities traded down on the premier bourse. Of the 238 traded scrips, only five advanced, 231 declined and two remained unchanged. A total of 2,34,12,778 shares worth Tk 261.87 crore changed hands on the DSE. Chittagong stocks also recorded a sharp fall yesterday. The CSE Selective Categories Index went down 193.21 points, or 3.72 percent, to 4,988.6 points. The CSE All Share Price Index went down 276.81 points, or 3.47 percent, to 7,683.83 points. A total of 44,03,810 shares worth Tk 41.24 crore changed hands on the port city bourse. Of the 126 traded issues, only six advanced, 119 declined and one remained unchanged. | |
Saudi Arabia wants oil price at $75 a barrel
Saudi Arabia said Saturday that it hoped to raise oil prices to $75 a barrel, but indicated that no measures would probably be taken until an OPEC meeting next month in Algeria. Saudi Oil Minister Ali Naimi said that OPEC will "do what needs to be done" to shore up falling oil prices when the cartel meets next month in Algeria, even as his king told a Kuwaiti newspaper that $75 a barrel was a fair price for oil Naimi did not entirely rule out the chance that the Organization of Petroleum Exporting Countries would slash output at the hastily convened meeting Saturday, but he did say the bloc needed to wait until the meeting in Oran, Algeria on Dec. 17 to assess the impact of two previous rounds of cuts. His comments came after Saudi King Abdullah told the Kuwaiti daily Al-Seyassah that oil should be priced at $75 a barrel, far above its current rate. "We believe the fair price for oil is $75 a barrel," he said, without elaborating on how this would be achieved. Whereas crude stood at about $147 a barrel in mid-July, it now hovers about $90 lower. On Friday, the U.S. benchmark West Texas Intermediate crude for January delivery was trading at about $54 per barrel. "We believe the fair price for oil is $75 a barrel," he said, without elaborating on how this would be achieved. Whereas crude stood at about $147 a barrel in mid-July, it now hovers about $90 lower. On Friday, the U.S. benchmark West Texas Intermediate crude for January delivery was trading at about $54 per barrel. The king was echoed by Qatar's Oil Minister Abdullah Bin Hamad al-Attiya, who told the Arab news channel Al-Arabiya just before the opening of the meeting of the Organization of Arab Petroleum Exporting Countries Saturday that prices needed to rise to guarantee investment into the oil sector. "The price between 70 to 80 (dollars a barrel) is the one encouraging in investment and developing new or current oil fields. It falls below 70, the investment would freeze, which will lead to a crisis in supply in the future." The representatives of the OPEC face their third test in as many months to engineer a rebound in prices hammered by plummeting crude demand amid a global economic meltdown. The cartel has already held one emergency meeting -- on Oct. 24 in Vienna -- to try to halt the slide in prices with an announcement of a 1.5 million barrel per day drop. It failed to support prices, and the cartel hastily convened the Cairo gathering on Saturday on the sidelines of the OAPEC meeting. Kuwait's oil minister Mohammed al-Aleem said Friday he believes there was "no need" for OPEC to take a decision in Cairo on cutting output. But he warned the market is oversupplied, and didn't rule out the need for OPEC to cut production further. "We believe a decision could be taken ... but I think it will happen in Algeria," he said. Al-Aleem said current prices could undercut investment in future projects and were not good for either producers or consumers. The recent price drop has left price hawks Venezuela and Iran clamoring for further reductions of at least 1 million barrels a day. Both countries need crude of about $90 per barrel to meet current spending needs aimed in part at propping up domestically unpopular regimes. Other OPEC members, such as Nigeria and Ecuador, face budget problems too, making them reluctant to implement more cuts that might shrink revenues further. Unlike many of their fellow members, the Saudis are better positioned to cope with the drop in prices. The International Monetary Fund estimates Riyadh needs crude in the range of about $50 per barrel for 2008 fiscal accounts to break even. Also unclear, after two earlier cuts failed to push prices higher, is what the group can do without prolonging the global economic downturn. OPEC itself, along with the International Energy Agency, has significantly revised down its projections for demand growth in 2009. Meanwhile, global crude inventories are growing, as evidenced by a U.S. government report showing a surprisingly large 7 million barrel build in stocks last week in the world's largest energy consumer. OPEC's last round of cuts would put its total production at about 30.5 million barrels per day, according to the IEA. That is about 500,000 barrels per day higher than the forecast call on OPEC crude in much of 2009. Those factors argue against restraint if some in OPEC want crude back up to at least $70. A Nov. 24 research report by the New York-based Oppenheimer & Co. in New York said that for oil to rebound to $65 a barrel, OPEC would need to cut crude production by more than 3 million barrels per day from its September levels -- a move it called highly unlikely.
Shares up as India market reopens
India's stock market has reopened for trading, after having closed on Thursday following the attacks in Mumbai, India's business capital. The benchmark Sensex index climbed 66 points, or 0.7%, to close at 9,092.72, having opened more than 1% lower After a "knee-jerk" fall when trading restarted, "markets are behaving normally", said Arun Kejriwal, strategist at KRIS research. But concerns exist that the attacks may have a longer-term economic impact. Risk premium Mumbai is no stranger to political violence and analysts were sanguine about the impact of the attacks on share values. "People here don't like this to hammer down the markets," added Mr Kejriwal. "Each time we have seen a bounce back and this time will be no exception," said Sarah Hewin at Standard Chartered. Shares in Indian Hotels Co Ltd, which runs the Taj Mahal hotel, fell 17%, buts shares in hotel operator EIH, which operates the Oberoi-Trident hotel, gained 5.2%. Overall, the attacks have had little impact on wider Asian markets, with Japan's Nikkei index and Hong Kong's Hang Seng index both rising on Friday. But Seshadri Sen, analyst at Macquarie, sounded a more cautionary note about Indian stocks. "We have no doubt that the risk premium will Commercial heart The bombs struck at the commercial heart of India, and have - in the short-term at least - thrown many business plans off schedule. Alpesh Patel, a London-based fund manager, arrived to find the streets of Mumbai deserted and his meetings cancelled. But business will return to normal, he said. "They have got no choice, they have to put food on the table. Companies have to survive," he said. "You get the immediate shock… [but] as with any major city, things move on because they have to move on." This view is shared by many. "Life does go on in India. It's a very vibrant economy," said Mark Mobius at Templeton Asset Management. Investment fears Even before the attacks, the Indian economy had been shaken by the global credit crunch. Foreign investors have already pulled $13.5bn from India since the global financial crisis started. Shares have fallen 55% this year as investors withdrew money. But so far, there is little sign that the attacks will deter investors from the huge potential market that India offers. In the current global climate - characterised by credit tightness and fear of terror attacks - international companies need to demonstrate their resilience, said Mr Patel. Alice Hunt, a spokewoman for GlaxoSmithKline, said: "The events of the last 24 hours have not affected our longer-term business plans in the country." Real resilience The fact remains that India offers investors opportunities that are hard to find elsewhere, said Dr Amit Mitra, the secretary general of the Federation of Indian Chambers of Commerce and Industry. Its growth rate is forecast at 9% for 2009 and 7% for this year - three times the rate of global expansion and second only to that of China. "India will continue to remain at the vortex of investment. This is a temporary blip," said Dr Mitra. And while for India, foreign investment is a welcome boost, the real engine of the economy is domestic business - which includes global names such as Tata and Ranbaxy - and savings, which make up 30% of India's economy, compared with 1% in the US. "92% of the investments that take place in India are from domestic savings, unlike China. Even our exports are by and large domestic exports, not by multinationals, like in China," said Dr Mitra. "Foreign direct investment brings quality, brings new benchmarks… it is an add on to the existing momentum of India. Unlike China, we are very much self-dependent in terms of capital formation." Record crop plantings by the country's 400 million farmers should not only boost rural incomes but also support consumer spending, helping India to reach its growth forecast for next year. Even if GDP growth next year is less than the forecast 9% and touches 7%, it is still "quite decent, given that it's a very tough year next year," said Jan Lambregts, head of Asia research at Rabobank International.
ISLAMIBANK
Following the change of the denomination of shares and market lot with effect from 27.11.08 (record date), the new face value of the shares of the Bank will be Tk. 100.00 instead of Tk. 1000.00 per share, market lot will be 10 shares instead of 1 share and the new adjusted closing price of shares will be Tk. 730.25 per share.
Read more...HAKKANIPULP
As per audited accounts as on 30.06.08, the company has reported net profit of Tk. 27.35 m. with EPS of Tk. 1.44 as against Tk. 31.44 m. and Tk. 1.65 respectively as on 30.06.07.
Read more...
ANWARGALV
As per audited accounts as on 30.06.08, the company has reported net loss of Tk. (11.22) m. with EPS of Tk. (8.50) as against Tk. (46.16) m. and Tk. (34.97) respectively as on 30.06.07. Further, the company had no sales during the year as the company suspended its business activities.
Read more...
NORTHRNINS
As per un-audited half yearly accounts as on 30.06.08, the Company has reported profit after tax of Tk. 6.45 m. with EPS of Tk. 4.30 (considering post IPO paid-up capital).
Read more...STANDARINS
As per un-audited half yearly accounts as on 30.06.08, the Company has reported profit after tax of Tk. 5.62 m. with EPS of Tk. 3.75 (considering post IPO paid-up capital).
Read more...QSMDRYCELL
The Board of Directors has recommended cash dividend @ 12% for the year 2007- 2008. Date of AGM : 31.12.08, Time: 11:00 AM, Venue: Institute of Diploma Engineers Bangladesh, IDEB Bhaban, 160/A Kakrail, Dhaka. Record Date: 18.12.08.
Read more...ZEALBANGLA
The Board of Directors did not recommend any dividend for the year 2007-2008. Date of AGM : 20.12.08, Time: 10:00 AM, Venue: Jamalpur Paurasabha Auditorium, Jamalpur. Book Closure: 11.12.08 to 20.12.08
Read more...ANWARGALV
The Board of Directors did not recommend any dividend for the year 2007-2008. Date of AGM: 25.03.09, Time: 10:30 a.m., Venue: BCIC Auditorium, 30-31, Dilkusha C/A, Dhaka-1000. Book closure: 19.03.09 to 25.03.09.
Read more...Tata Group cools expansion plans
Indian conglomerate Tata Group says it will reduce its acquisitions because of increasing problems in raising capital.
The group's chairman, Ratan Tata, asked the 96 companies under the Tata brand to defer further expansion plans unless they were strategically motivated.
He also asked the companies to make savings by cutting spending.
The announcement came soon after one of Tata's companies, Tata Teleservices, sold a 26% stake in itself to Japanese firm DoCoMo for $2.6bn (£1.7bn).
In recent years, Tata Group has been aggressively buying stakes in domestic and international companies, following up on a policy of global expansion.
But now much of Indian industry is taking a more financially prudent stance, given the impact of the global financial slowdown.
All the major carmakers in India, including Tata Motors, reported falling sales in October.
Some of Tata's auto plants were temporarily closed to prevent the build-up of unsold stock.
Read more...Citigroup shares jump on bail-out
Shares in Citigroup have jumped by almost 60% as investors welcomed the US government's rescue plan for the bank.
The US Treasury is set to invest $20bn (£13.4bn) in return for preferred shares in the troubled banking giant.
The Treasury and the Federal Deposit Insurance Corp will also guarantee up to $306bn (£205bn) of risky loans and securities on Citigroup's books.
"Equity markets have responded positively to the Citigroup news," said Neil Mackinnon at ECU Group.
The new plan follows a $25bn injection of public funds in the bank last month.
Citigroup's market value fell to $20.5bn on Friday, compared with $270bn in 2006, as its shares plunged by more than 60% last week.
However they rallied by 58% on Monday.
The company has announced 52,000 job losses worldwide, on top of 23,000 job cuts previously announced. It employs around 12,000 people in the UK.
Citigroup has lost more than $20bn in the past year because of the global financial crisis, suffering four straight quarterly losses.
Citibank UK deposit holders are covered by the Financial Services Authority. The Financial Services Compensation Scheme guarantees up to £50,000 per Citibank account holder, should the bank go bust.
The action plan was announced after emergency talks over the weekend between the bank and the treasury department, the Federal Reserve and the Federal Deposit Insurance Corp.
Citigroup is one of the leading US banks and has operations in more than 100 countries.
Many analysts had calculated that the huge financial institution was too big to allow to fail.
"With these transactions, the US government is taking the actions necessary to strengthen the financial system and protect US taxpayers and the US economy," the three agencies said in a statement.
"To stabilize the equity, we had to put behind us the issue of Citigroup's ability to withstand whatever would come," the bank's chief financial officer Gary Crittenden said.
The cash injection will come from the $700bn financial bail-out fund created last month.
Focus on details
Many analysts believe the plan to rescue Citigroup will help reduce uncertainty in the market.
"We expect the US bail-out of Citigroup as well as Obama's promise of a major stimulus plan - with key Democrats suggesting numbers between $500bn and $700bn, much bigger than expected - to allow stock markets to gain across the globe, " said Dariusz Kowalczyk at CFC Seymour in Hong Kong.
Markets are keenly awaiting for more details of the plan to be revealed.
"Clearly, this will stabilize the [banking] group near term," said Meredith Whitney at Oppenheimer & Co.
"We are still cautious on the potential future dilution from further prospective capital raises for the group as well as continued higher losses related to credit and asset deflation," he added.
"Management's future
Under the agreement, Citigroup does not have to replace chief executive Vikram Pandit and other top managers, but the government will be able to make decisions on their compensation.
"We appreciate the tremendous effort by the government to assure market stability," Mr Pandit, who took the top job at Citigroup in January, said in a statement.
He has come under fire for failing to turn around the bank.
"You're seeing an inept management team being rewarded by the US government," said William Smith at Smith Asset Management in New York.
The bank will not be able to pay out more than 1 cent per share quarterly dividend. The dividend now stands at 16 cent per share.
Seeking to stabilise the financial system, the US government has bailed out Bear Stearns, Fannie Mae, Freddie Mac and American International Group and injected hundreds of billions of dollars into financial institutions.
Read more...
Dubai shares hit despite promises
Dubai's stock market has fallen 5% to the lowest in four years, despite the emirate's efforts to assure investors that it can meet debt obligations.
The head of Dubai's economic taskforce, Mohammed al-Abbar, said the government owed $10bn (£6.6bn), while state-affiliated firms were $70bn in debt.
However, he said both the government and state companies had assets worth much more than their debts.
Dubai's government recently bailed out two lenders hit by the credit crisis.
"We are rationalising our expenditure and consolidating our activities", said Mohammed al-Abbar.
Emaar, the state-controlled property firm of which Mohammed al-Abbar is also chairman, was one of the biggest losers on Monday, dropping another 9% to its lowest level since being listed eight years ago.
Dubai, unlike other Arab regions, does not have strong oil resources. Instead it has tried to become a regional trade and tourism hub, but its efforts have been hit by the global financial crisis.
On Sunday, Saudi Arabia cut a key interest rate and took steps to boost banks' liquidity.
The entire Gulf region has been affected by the economic downturn and a huge fall in oil prices, a key export.
Oil prices are around two thirds lower than they were in July when they hit a record above $147 a barrel.Read more...
US rescues ailing Citigroup bank
The US government has announced a rescue plan for troubled banking giant Citigroup after its shares plunged by more than 60% last week.
The US Treasury is set to invest $20bn (£13.4bn) in return for preferred shares in Citigroup.
The Treasury and the Federal Deposit Insurance Corp will also guarantee up to $306bn (£205bn) of risky loans and securities on Citigroup's books.
The plan follows a $25bn injection of public funds in the bank last month.
Citigroup's market value fell to $20.5bn on Friday, compared with $270bn in 2006.
Last week the company announced 52,000 job losses worldwide, on top of 23,000 job cuts previously announced. It employs around 12,000 people in the UK.
Citigroup has lost more than $20bn in the past year because of the global financial crisis, suffering four straight quarterly losses.
Citibank UK deposit holders are covered by the Financial Services Authority. The Financial Services Compensation Scheme guarantees up to £50,000 per Citibank account holder, should the bank go bust.
The action plan was announced after emergency talks over the weekend between the bank and the treasury department, the Federal Reserve and the Federal Deposit Insurance Corp.
Citigroup is one of the leading US banks and has operations in more than 100 countries.
Many analysts had calculated that the huge financial institution was too big to allow to fail.
"With these transactions, the US government is taking the actions necessary to strengthen the financial system and protect US taxpayers and the US economy," the three agencies said in a statement.
"We will continue to use all of our resources to preserve the strength of our banking institutions, and promote the process of repair and recovery and to manage risks," they added.
The cash injection will come from the $700bn financial bail-out fund created last month.
Focus on details
Many analysts believe the plan to rescue Citigroup will help reduce uncertainty in the market.
"We expect the US bail-out of Citigroup as well as Obama's promise of a major stimulus plan - with key Democrats suggesting numbers between $500bn and $700bn, much bigger than expected - to allow stock markets to gain across the globe, " said Dariusz Kowalczyk at CFC Seymour in Hong Kong.
Markets are keenly awaiting for more details of the plan to be revealed.
"Clearly, the market focus today will be on the release of a concrete rescue plan for the bank, details of which remain fluid; reports so far have noted that any infusion plan is provisional and subject to change," said Sue Trinh at RBC Capital Markets in Sydney.
"Does this mean support for other financial institutions will be this big? Does this mean there will be more problems around calculation of so-called toxic assets? It's too early to say," said Tony Morriss at ANZ Bank in Sydney.
Under the agreement, Citigroup does not have to replace chief executive Vikram Pandit and other top managers, but the government will be able to make decisions on their compensation.
Mr Pandit, who took the top job at Citigroup in January, has come under fire for failing to turn around the bank.
"You're seeing an inept management team being rewarded by the US government," said William Smith at Smith Asset Management in New York.
The bank will not be able to pay out more than 1 cent per share quarterly dividend. The dividend now stands at 16 cent per share.
Seeking to stabilise the financial system, the US government has bailed out Bear Stearns, Fannie Mae, Freddie Mac and American International Group and injected hundreds of billions of dollars into financial institutions.
AFTABAUTO
The company has reported that net profit of the company was Tk. 57.42 m. with EPS of Tk. 30.95 as on 31.08.08 as against Tk. 30.47 m. and Tk. 16.42 (restated) respectively as on 31.08.07.
Read more...Al-Arafah Islami Bank
Al-Arafah Islami Bank Ltd. (DSE Member # 234) has got Broker Registration Certificate No. REG.-3.1/DSE-234/2008/312 dated November 17, 2008 vide SEC letter No. SEC/REG/DSE/2008/507 dated November 17, 2008. The Three digits ID of Al-Arafah Islami Bank Ltd. (DSE Member # 234) is AIB.
Read more...
today most of government share are rise hugely,this chart is showing the growth of atlas bangla
citibank
The plan will probably be a multi-layered one, which means the government could backstop losses on Citigroup's troubled assets as well. In exchange, Citi may issue preferred stock to the government Sources with knowledge of the negotiations say "everything is on the table", meaning that even the government plan of buying the troubled assets could be revived. he problem with buying the assets from Citi is political: People close to the deal know that other firms will line up and ask the government to purchase their troubled assets as well. Brokerage stocks got crushed when Treasury Secretary Hank Paulson reversed his plan on the TARP to direct capital infusions to the banks and away from buying troubled assets. The Bottom line: This is very fluid and the situation may change again. But as of now, the government is getting cold feet on plan to buy troubled assets, which leaves direct capital infusion on the table. The government is mulling the purchase of a substantial amount of assets from Citi, similar to a good bank, bad bank structure. The government would absorb much of the losses for Citi if there are losses and Citi would issue preferred stock to the government. While the Fed could buy more than $100 billion or more in the bad assets if the plan goes through, that doesn't mean it will pay Citi $100 billion, depending on the final valuation of those assets. According to people with knowledge of the discussions, the plan for Citi resembles the original TARP proposal, in which the government would buy bad assets for financial firms at some price higher than what's being offered in the market. People close to the matter underscore that none of this is a done deal: Other deals, such as the Lehman Brother Good bank / Bad bank proposal blew up at the last minute. Citigroup had no immediate comment. CNBC is still waiting on comment from the Treasury and Federal Reserve. Reports from Washington say the White House is unaware of any government talks with Citigroup. It also declined comment on whether President Bush would back a government rescue of Citigroup. Citi officials are reportedly working on a plan that could include a capital injection from the Federal government—among other possible ideas. The details have yet to be hammered out and it's not clear when such a plan would be announced. No Plans For Federal Takeover Of Citi As of Saturday afternoon, the general consensus between officials from Citi and government officials from the US Treasury department and US Federal Reserve is that the government will not takeover Citigroup in the way it took control of AIG [AIG 1.60 Government officials fear taking over Citigroup would create a precedent: Unlike AIG, Citigroup's balance sheet is relatively healthy, with relatively strong levels of capital particularly compared to most of its competitors. Still, officials from the Treasury and Citigroup are unsure what it would take to restore confidence in the company, including a possible smaller capital injection or some sort of statement that Citigroup is financially sound. For that reason, Citigroup officials are continuing to explore possible merger possibilities and a spin off of some of Citigroup's businesses, even as SEP Vikram Pundit publicly stated the sale of the firm's massive and coveted broker business, Smith Barney is off the table, these people say.
The U.S. government and Citigroup are working feverishly to hammer out a rescue plan for the beleaguered bank. If all goes according to plan, there will likely be an announcement of some type of plan in a couple of hours.
The exact nature of plan remains unclear, but the government is leaning towards some sort of cash infusion into Citigroup
0.16 (+11.11%) 
] — by lending the firm massive amounts of money and in return assuming a huge equity position.
TAMIJTEX
As per audited accounts as on 30.06.08, the company has reported profit after tax of Tk. 0.84 m. with EPS of Tk. 0.59 as against Tk. 1.90 m. and Tk. 1.32 respectively as on 30.06.07. Accumulated loss of the company was Tk. (63.38) m. as on 30.06.08.
Read more...HAKKANIPULP
The Board of Directors has recommended cash dividend @ 8% for the year 2007-2008. Date of AGM: 21.12.08. Time: 10:30 a.m. Venue: Eden Garden Community Center, Near "H" Block, Port Connecting Road, Halishahar, Chittagong. Book Closure: 05.12.08 to 21.12.08.
Read more...GEMINISEA
As per audited accounts as on 30.09.08, the company has reported profit after tax of Tk. 4.69 m. with EPS of Tk. 42.64 as against Tk. 4.19 m. and Tk. 38.09 respectively as on 30.09.07. Accumulated loss of the company was Tk. (24.28) m. as on 30.09.08.
Read more...RENWICKJA
Investment Corporation of Bangladesh (ICB) has informed that as per prior decision of the Government to offload 49% Government shares of Renwick Jajneswar & Co. (BD) Ltd. in the secondary market through ICB, Privatization Commission vide its letter dated 10.11.08 has requested ICB to sell remaining 27,120 shares in the secondary market.
Read more...agni system
a very strong rumour about agni system-they get wimax licence and going to submit their early fund on date 27/11/08,now see what happen
Read more...insurence
after a while i'm gonna to offload insurence stock, now i'm going banking sector for two month,
today i bought ific bank,i also buy prime tex terget 45% profit,
about some bank
some of bank are really interested on my mind---
1.trust bank-because they start marchant banking operation
2.NBL-good earning status
3.uttara bank-strong rumour about 1:1.5 bonus issue
also ncc,dutch bangla,prime bank have a good position
about beximco group
i always avoid beximco group, because they always try to cheat with their respective retail shareholder
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