No undisclosed price-sensitive info behind share surge: Kay & Que
Kay & Que (Bangladesh), a publicly-listed company on the stock exchanges, stated that there is no price-sensitive information behind its recent share price jump.
In response to a query from the Dhaka Stock Exchange (DSE), the company said this through a disclosure published on the stock exchanges today.
The DSE had served a query to the company on 24 June, the last trading session of the previous week.
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Data from the DSE showed that in just 11 trading sessions until 22 June, Kay & Que (Bangladesh) shares price surged around 31% to Tk260 each from Tk198.6 each on 8 July.
However, after reaching a one-year-high, its shares price is now on the downward.
Today, its shares closed at Tk248.5 each, which is 1.86%, or Tk4.7 each, down from the previous trading session.
According to the DSE information, its price to earnings ratio (P/E) on 27 July stood at 50.51 based on the latest un-audited report, while based on the latest audited financial statement it is 370.9.
Usually, the P/E ratio measures a company's share price relative to its earnings per share (EPS).
In the 2023-24 fiscal, it made a profit of Tk45 lakh with an EPS of Tk0.67, which was Tk16 lakh and EPS of Tk0.32 in the previous fiscal year.
It had paid 3% cash and 2% stock dividend for its shareholders.
During the first nine months of the 2024-25 fiscal, it reported a 62% surge in its EPS to Tk2.03, which was Tk1.26 during the same period in the previous fiscal year.
