The price for Banks DIH shares traded on the local stock exchange has increased and Chairman Clifford Reis has said it is an indication of the confidence of investors in the company’s performance, a Banks DIH press release stated.
Banks DIH Limited shares were traded at $13.50 per share on the local stock exchange, the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI) at the close of trading on January 31, 2012.
Reis in his presentation to shareholders at the 56th Annual General Meeting last month reported that there has been a steady increase in the company’s shares price. He noted that the company’s shares were traded on the local exchange at September 30th, 2011 for $12.00 per share in comparison to $11.80 per share a year earlier, an increase of $0.20 per share.
The equity of the group was $19.1 billion and the issued share capital of 1.0 billion shares shows a net asset per share of $19.10 which indicates the minimum price at which Banks DIH Limited shares should be traded.
Meanwhile, the Board of Directors of Banks DIH Limited declared a first interim dividend of $0.15 per share, which was paid on May 20, 2011, while a second interim dividend of $0.15 per share was paid on October 17, 2011, and a final dividend of $0.55 per share was made payable on January 23 this year, the release concluded.
