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Sri Lanka Equity Forum » Stock Market Talk » Incorrect Dividend Checks for Allied Finance Co.

Incorrect Dividend Checks for Allied Finance Co.

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lokka1


Manager - Equity Analytics
Manager - Equity Analytics
This is to bring to the attention of the forum members that ALLI dividend checks  paid on the April 3rd are in some cases  wrong. I was shortchanged for 300 shares. I contacted the company on the 4th and they said the checks are based on the list provided to them by the CDS. I made a written complaint on the 4th to the CSE by email to investorcomplaints@cse.lk giving all the relevant details. I never received a reply or an acknowledgement of my complaint. I followed this with another email on 21st. Still no reply. I followed this with a phone call and finally on the 24th a very nice lady called me and agreed that an error was made in my case as well as several other cases. She thanked me as nobody else had complained about this matter. She assured me that the CDS is working with the company to resolve it. So ALLIED share holders please check your dividend numbers. There is a problem for the company as the dividend intended for me has been paid to the shareholder who sold the 300 shares to me before the XD date. Their board has to resolve that. The other concern I have is why the investor complaint web site at the CSE is not working. To me it is not the amount of money but why these organisations do not work properly to protect the small investors!
Lokka1

kovida

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@lokka1 wrote:This is to bring to the attention of the forum members that ALLI dividend checks  paid on the April 3rd are in some cases  wrong. I was shortchanged for 300 shares. I contacted the company on the 4th and they said the checks are based on the list provided to them by the CDS. I made a written complaint on the 4th to the CSE by email to investorcomplaints@cse.lk giving all the relevant details. I never received a reply or an acknowledgement of my complaint. I followed this with another email on 21st. Still no reply. I followed this with a phone call and finally on the 24th a very nice lady called me and agreed that an error was made in my case as well as several other cases. She thanked me as nobody else had complained about this matter. She assured me that the CDS is working with the company to resolve it. So ALLIED share holders please check your dividend numbers. There is a problem for the company as the dividend intended for me has been paid to the shareholder who sold the 300 shares to me before the XD date. Their board has to resolve that. The other concern I have is why the investor complaint web site at the CSE is not working. To me it is not the amount of money but why these organisations do not work properly to protect the small investors!
Lokka1
Let alone your dividend matter.CSE website itself can't adjust its dates. How you expect from them something more. This is investor friendly CSE .

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