DFCC will not do now as the stock never recovered from 2015. They will take clue from NDB where rights further dampened the stock. Also DFCC major holders are Banks. Ins and EPF so they may not subscribe. What DFCC should have done was to sell their COMB stake much earlier as they are sitting on pile of unrealized profits.
nuwandwo wrote:PATHFINDER wrote:Today closing price of 102 is the lowest price since 2012,Is there a Right issue near by?
IF right issue is there... at what price will they place it ? According to reports NAV value is around 183 & CMP price is 102.
Right issue with this sentiment would be disaster.
DFCC is becoming a sick giant in CSE. They should immediately dispose COMB bank shares and acquire a Fin Co to ride on a faster growth. Just sitting on paper profits of COMB will not do any good.
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