Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. 2 independent directors (8 non-independent directors). Director Md. Joynul Chowdhury was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 30
Alhaj Textile Mills Limited announces Annual dividend, payable on March 09, 2026 Alhaj Textile Mills Limited announced Annual dividend of BDT 0.5000 per share payable on March 09, 2026, ex-date on January 18, 2026 and record date on January 15, 2026. Announcement • Dec 29
Alhaj Textile Mills Limited, Annual General Meeting, Feb 07, 2026 Alhaj Textile Mills Limited, Annual General Meeting, Feb 07, 2026, at 11:00 Central Asia Standard Time. Location: hybrid system, sinha lounge, dhaka club, Bangladesh Announcement • Dec 18
Alhaj Textile Mills Limited, Annual General Meeting, Jan 30, 2025 Alhaj Textile Mills Limited, Annual General Meeting, Jan 30, 2025, at 12:30 Central Asia Standard Time. Location: hybrid platform, dhaka club, sinha lounge, Bangladesh New Risk • May 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Revenue is less than US$5m (৳368m revenue, or US$3.3m). Market cap is less than US$100m (৳3.44b market cap, or US$31.3m). New Risk • Nov 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (৳368m revenue, or US$3.3m). Market cap is less than US$100m (৳2.95b market cap, or US$26.6m). Announcement • Nov 07
Alhaj Textile Mills Limited to Report Fiscal Year 2023 Results on Nov 09, 2023 Alhaj Textile Mills Limited announced that they will report fiscal year 2023 results on Nov 09, 2023 Announcement • Sep 05
Alhaj Textile Mills Limited Announces Appointment of Independent Directors Alhaj Textile Mills Limited nominated or appointed the following 3 (three) distinguished individuals as new Independent Directors of the company: 1. Lt Col (LPR) A K M Saiful Bahar, Lieutenant Colonel, Bangladesh Army, 2. Dr. Sadia Noor Khan, Associate Professor, University of Dhaka and 3. Mr. Mafiz Uddin Ahmed, Additional Secretary, Ministry of Finance. Moreover, the nomination of Mr. Md. Salim and Mr. Fahmid Wasik Ali, FCMA, upon submission of resignation letter, has been withdrawn with effect from 17 August 2023. Announcement • Jul 21
Alhaj Textile Mills Limited Announces Election of Syed Tariquzzaman as Chairman of the Board of Directors Alhaj Textile Mills Limited has informed that the newly constituted Board of Directors has elected Mr. Syed Tariquzzaman as the new Chairman of the Board of Directors of the company with effect from July 13, 2023. Announcement • Jun 23
Alhaj Textile Mills Limited Announces Election of Chairman and Appointment of Independent Directors Alhaj Textile Mills Limited has informed that the Board of Directors has elected Mr. A. M. M. Nasir Uddin, Former Secretary, Government of Bangladesh as the Chairman of the Board and appointed three Independent Directors, namely: (i) Mr. A. M. M. Nasir Uddin, Former Secretary, Government of Bangladesh; (ii) Mr. A. K. M. Haruner Rashid, LL.B, FCS; and (iii) Mr. Razu Howlader Palash, LL.B, LL.M (DU); Advocate, Supreme Court of Bangladesh. Announcement • Jun 13
Alhaj Textile Mills Limited Withdraws the Nomination of Directors Alhaj Textile Mills Limited announced that BSEC has withdrawn the nomination of Mr. Khondoker Kamaluzzaman, Mr. Md. Zikrul Hoque and Dr. AFM Abdul Moyeen with effect from June 05, 2023. Reported Earnings • May 02
Third quarter 2023 earnings released: ৳0.10 loss per share (vs ৳0.18 profit in 3Q 2022) Third quarter 2023 results: ৳0.10 loss per share (down from ৳0.18 profit in 3Q 2022). Revenue: ৳53.2m (down 62% from 3Q 2022). Net loss: ৳2.29m (down 156% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 14
Second quarter 2023 earnings released: ৳0.21 loss per share (vs ৳0.09 profit in 2Q 2022) Second quarter 2023 results: ৳0.21 loss per share (down from ৳0.09 profit in 2Q 2022). Revenue: ৳133.5m (up 36% from 2Q 2022). Net loss: ৳4.68m (down 333% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 16
Upcoming dividend of ৳0.30 per share Eligible shareholders must have bought the stock before 22 November 2022. Payment date: 26 January 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 0.2%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.7%). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Muhammad Khan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 01
Alhaj Textile Mills Limited Recommends Cash Dividend for the Year Ended June 30, 2022 Alhaj Textile Mills Limited has recommended 3% Cash Dividend for the year ended June 30, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Muhammad Khan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 30
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.09 (down from ৳0.36 in 2Q 2021). Revenue: ৳98.3m (up 117% from 2Q 2021). Net income: ৳2.01m (down 75% from 2Q 2021). Profit margin: 2.0% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 15
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 22 November 2021. Payment date: 27 January 2022. Trailing yield: 0.3%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (2.4%). Reported Earnings • May 15
Third quarter 2021 earnings released: EPS ৳0.20 (vs ৳0.13 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳59.4m (up 15% from 3Q 2020). Net income: ৳4.54m (up ৳7.53m from 3Q 2020). Profit margin: 7.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 19
New 90-day low: ৳30.40 The company is down 24% from its price of ৳39.80 on 21 October 2020. The Bangladeshi market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period. Announcement • Dec 11
Alhaj Textile Mills Limited, Annual General Meeting, Dec 30, 2020 Alhaj Textile Mills Limited, Annual General Meeting, Dec 30, 2020, at 16:00 Bangladesh Standard Time. Location: 66, Dilkusha C/ A, 4th Floor Dhaka-1000 Dhaka Bangladesh Is New 90 Day High Low • Nov 16
New 90-day low: ৳31.20 The company is down 19% from its price of ৳38.70 on 18 August 2020. The Bangladeshi market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: ৳46.90 The company is up 77% from its price of ৳26.50 on 07 July 2020. The Bangladeshi market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 19% over the same period. 