Showing posts with label Axis. Show all posts
Showing posts with label Axis. Show all posts

Thursday 30 August 2012

Axis Reit - Return on Retained Earnings

Axis Reit
Year DPS EPS Retained EPS
2002
2003
2004
2005 0 13 13
2006 10.9 12.8 1.9
2007 12.9 13.6 a 0.7
2008 14.9 15.2 0.3
2009 17.9 14 -3.9
2010 14.7 14 -0.7
2011 19 14.4 b (P) -4.6
2012
Total 90.3 c 97 d 6.7
From 2005 to 2011
EPS increase (sen) b-a 1.4
DPO c/d 93%
Return on retained earnings  (b-a)/e 21%
(All figures are in sens)

Thursday 8 July 2010

Bursa Malaysia Reprimands Dealer Representative For False Trading

July 08, 2010 18:26 PM

Bursa Malaysia Reprimands Dealer Representative For False Trading

KUALA LUMPUR, July 8 (Bernama) -- Bursa Malaysia Securities Bhd publicly reprimanded, imposed a fine of RM100,000 and ordered to strike off Lee Beng Huat a commissioned dealer's representative (CDR) with Kenanga Investment Bank Bhd, from the Register for false trading and market manipulation.

In a statement, it said Lee had carried out false trading and market manipulation in his dealing activities in the shares of Axis Incorporation Bhd of approximately 41 million shares out of the market turnover of 104 million Axis shares for 87 trading days in 2006-2007.

During the said period, Lee had dealt in Axis shares predominantly through the accounts of 10 clients (10 Accounts).

The statement said he had entered buy and sell orders which were manipulative in nature and led to false or misleading appearance of active trading in, or market for, Axis shares and this tantamounted to stock market manipulation.

The breach by Lee, among others, involved entry of orders by Lee which were several bids lower than the last done price with no real intention to have the buy orders matched.

Lee also engaged in order splitting, entering a series of buy orders in succession through any one of the 10 Accounts with the same price which gave rise to, and created an impression, of continuous demand for Axis shares which led to false or misleading appearance of active demand/market for Axis shares.

Therefore, the buy and sell orders executed in the 10 Accounts had cross trades which were matched among each other for approximately 12 million units of Axis shares involving Lee as their common CDR in carrying out dealing activities in Axis shares in their accounts.

By engaging in False Trading and Market Manipulations, Lee managed to sell about 72 per cent (or 40.98 million out of 56.67 million units) of the sell orders entered for the 10 Accounts and bought 55 per cent (or 41.6 million out of 76.14 million units) of the buy orders.

The higher volume and percentage of the buy orders, which were subsequently cancelled and/or lapsed due to the orders being lower than the market/last done price resulting in lower percentage of buy orders matched, not only gave an impression of and created an inflated demand for Axis shares but also led to a false or misleading appearance of active demand/market for Axis shares.

-- BERNAMA

http://www.bernama.com/bernama/v5/newsbusiness.php?id=511931