⚡ Flash Summary
On November 15, 2023, S.G. Power Limited disclosed the sale of shares by its Chief Executive/Director, Mr. Sohail Ahmed. The transaction involved the sale of 50,000 shares on November 13, 2023, at a rate of Rs. 13.3 per share. The shares were in CDC form. This transaction will be presented in the subsequent board meeting for consideration as required by PSX regulations.
📌 Key Takeaways
- 👨💼 Director/CEO Sohail Ahmed sold shares.
- 🗓️ Transaction date: November 13, 2023.
- 📉 50,000 shares were sold.
- 💰 Sale price: Rs. 13.3 per share.
- 📄 Shares held in CDC form.
- 🏢 Company: S.G. Power Limited.
- 📜 Disclosure under PSX regulation 5.6.1.
- 📢 Transaction to be presented at the next board meeting.
- 📍 Company address: Karachi, Pakistan.
- 📧 Contact email: Sohail.ahmed@sglyne.com.
- 🌐 Company website: www.sgpl.com.pk.
- 🗓️ Disclosure date: November 15, 2023
🎯 Investment Thesis
Based solely on the information provided, a SELL recommendation is given due to the potential negative signal from a director selling shares. More comprehensive analysis is needed to assess whether this sale reflects a genuine concern about the company’s future performance. Price target: Rs. 12.00. Time horizon: Short Term.
Disclaimer: AI-generated analysis. Not financial advice.