Engro 1Q23 Report Pg.23, mentions 22B PKR as dividend from its terminal business.
· Apparently tax on reserves of companies was coming so good management cared for minority holders well in advance.
· If you are an investor in #PSX you must develop habit of reading.....1/3
· You must know at min what is company doing Quarter to Quarter.
· Make a habit of reading min. director reports of one sector companies-whether u buy it or not..
· Demand for stock if not backed by fundamentals can lead to traps! (pump and dump)....2/3
· As an investor if you try to time market without any strategy you'll fail.
· If you follow blindly others without your own working you will fail again.
· How to make money-Cut noise, read wall street winners, trust Pakistan & PKR
· I lost millions jst to reach ds conclusion!
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Data Analysis-Budget Eve 9June23
· Banks made sure no one can do mandi
· Poor souls got trapped in $MARI
· Foreigners went on holiday
· Funds are selling like no tomorrow
· Rent seeker are being dumped? 🤣
How does this latest circular Impact my stocks? & why is this decision being taken in the first place?
A thread!
1/10
In the latest circular posted above, the markup rates for refinancing schemes have been increased by 200BPS which means effectively the exporters will now be paying 13% interest on their bank borrowing availed for export purposes instead of earlier 11% (2021: 3%)
2/10
Lets dig out one company September Qtr books for our answer!
This company has Stock-in-trade as Rs.7B+ & Trade debts. Rs. 750M