Lawa, do you agree with teller or have a different opinion regarding dividend ?
I see two reasons for your question Gihan,
1) One reason for market price to increase is dividend expectation but when i checked investing.com the peiod on which they provide dividend is different. However, for the last F/Y they have not paid a dividend yet. So it is possible that market price went up with an expectation for dividend soon.
2. They are yet to publish Annual Report for 2019/20 but considering Covid they have reported a descent turnover based on the turnover value mentioned in the disclosure. So another reason could be expectation of a favourable annual report in the coming week.
If Lawa shares his\her views on Tellers’s opinion you will be able get better clarity on the matter.
Last edited by Mithooshan on Sat Aug 22, 2020 7:51 pm; edited 1 time in total