Year: 2023

  • Daily Discussion Thread (Sunday – Dec 03, 2023)

    Daily Discussion Thread (Sunday – Dec 03, 2023)


    Use this post to discuss what to buy/sell/trade/avoid/watch today and in the coming days.

    As always, the rules still apply.

    **Have a TMS or Meroshare issue? Query about EDIS or collateral? Ask here instead of creating another thread. All queries regarding TMS, MeroShare, Broker issues, EDIS, Settlement and Payments should be asked here.** >!DO NOT create another post.!<

    BEGINNER? [**Go here first!**](https://www.reddit.com/r/NepalStock/wiki/beginners-guide)

    ALL OTHER **INDIVIDUAL** POSTS ASKING:

    * what to buy or sell,
    * or what bank to buy,
    * or what insurance to buy,
    * yo share kati samma mathi jancha hola
    * IPO ma pareko yo share kun din bechda ramro hola, ajhai 1-2 din parkhine ki nai etc.

    will be deleted. Repeat violators will be banned.

    Happy Investing!

    View on r/NepalStock by AutoModerator

  • FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend

    FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend


    First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has put forward a proposal for a 15% dividend, amounting to Rs. 17.21 Crores, for the fiscal year 2079/80. The decision was made during the 211th meeting of the board of directors on Mangsir 13. This proposed dividend will be distributed on the paid-up capital of Rs. 1.14 Arba, with a breakdown of 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 8.60 Crores each. The distribution of this dividend is subject to approval by the central bank and subsequent endorsement at the company’s upcoming Annual General Meeting (AGM). As of the latest available information, FMDBL has a Last Traded Price (LTP) of Rs. 575.

     

  • NMB Bank (NMB) Announces No Dividend Distribution for Fiscal Year 2079/80

    NMB Bank (NMB) Announces No Dividend Distribution for Fiscal Year 2079/80


    NMB Bank Limited (NMB) has announced its decision to abstain from distributing dividends for the Fiscal Year 2079/80. The resolution was reached during the Board Meeting convened on Mangsir 13. It’s crucial to highlight that this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the subsequent Annual General Meeting of the company.

    The last recorded trading price of NMB is Rs 204.30. The bank’s decision to forgo dividends marks a notable development in its financial policies.

    Past Dividend History:

    In the context of the bank’s dividend distribution history, specific details regarding past dividends and the factors influencing the current decision were not provided in the available information. The focus of the announcement is on the decision for the fiscal year 2079/80 and the requisite approvals needed for its implementation.

  • United Modi Hydropower Limited (UMHL) Proposes 100% Right Share Issuance for Project Investment

    United Modi Hydropower Limited (UMHL) Proposes 100% Right Share Issuance for Project Investment


    United Modi Hydropower Limited (UMHL) has announced its intention to issue right shares in the ratio of 1:1 or 100% right shares, as per the decision made during the recent Board of Directors meeting on Mangsir 13. The proposal aims to release 100% right shares on the existing paid-up capital of Rs. 1.23 Arba, with the objective of securing funds for investment in its ongoing hydropower projects. If approved, this issuance will lead to an additional 12,305,000 units of right shares, causing the company’s paid-up capital to surge to Rs. 2.46 Arba. However, the issuance is contingent upon obtaining approvals from regulatory bodies, specifically the Electricity Regulatory Commission and the Securities Board of Nepal (SEBON), followed by endorsement at the upcoming Annual General Meeting (AGM) of the company. UMHL’s closing stock price stood at Rs. 184 in the latest trading session.

  • Sunrise Capital’s Mutual Funds Report Declines in NAV for Kartik

    Sunrise Capital’s Mutual Funds Report Declines in NAV for Kartik


    Sunrise First Mutual Fund (SFMF) has disclosed its monthly Net Asset Value (NAV) report for Kartik, indicating a NAV of Rs. 10.62, a slight decrease from the previous month’s Rs. 10.70. The closed-end fund, with a 10-year maturity, began with Rs. 86 crores and has invested in listed shares, bonds, debentures, public issues, rights issues, bonus shares, and fixed deposits. SFMF’s bank balance is reported at Rs. 8.37 crores, and it recorded a net loss of Rs. 95.26 lakhs in Kartik, compared to a net loss of Rs. 27.24 lakhs in the previous month.

    Similarly, Sunrise Focused Equity Fund (SFEF), another closed-end fund with a 10-year maturity, shared its monthly NAV report for Kartik, revealing a NAV of Rs. 9.63, slightly lower than the previous month’s Rs. 9.65. With a fund size of Rs. 1 Arba, SFEF invested in listed shares, public issues, and fixed deposits. The fund’s bank balance is reported at Rs. 21.54 crores, and it incurred a net loss of Rs. 5.10 crores in Kartik, compared to Rs. 4.81 crores in the previous month.

    Sunrise Capital Limited also released the NAV report for “Sunrise Bluechip Fund (SBCF),” which commenced with a fund size of Rs. 1.25 Arba. SBCF reported a NAV of Rs. 9.26 for Kartik, slightly down from the previous month’s Rs. 9.33. The fund invested in listed shares, debentures, public issues, and fixed deposits, with a bank balance of Rs. 14.13 crores. SBCF recorded a net loss of Rs. 20.79 crores in Kartik, compared to Rs. 19.90 crores in the previous month.

     

  • NEPSE Index Records a 0.96% Decline, Closing at 1,858.53 Points

    NEPSE Index Records a 0.96% Decline, Closing at 1,858.53 Points


    The Nepal Stock Exchange (NEPSE) witnessed a decline, with the index experiencing a loss of 18.06 points, equivalent to 0.96%, compared to the previous day’s closing, concluding at 1,858.53 points. This follows the trend from the preceding trading day, which incurred a loss of 17.93 points.

    The trading day commenced with the index opening at 1874.24 and fluctuated between an intraday low of 1,851.32 and an intraday high of 1,876.40.

    During the session, 289 different stocks were traded through 37,031 transactions, resulting in a total turnover of Rs. 1.32 arba. The float market capitalization amounted to Rs. 9.98 Kharba, and the overall market capitalization was Rs. 28.65 Kharba.

    Notably, Nepal Insurance Co. Ltd Promoter Share (NICLPO) recorded the highest turnover for the day at Rs. 11.67 crores, with a market price of Rs. 423.

    The day’s gainers were led by Ru Ru Jalbidhyut Pariyojana Limited (RURU), posting an increase of 5.63%. Conversely, Vijaya laghubitta Bittiya Sanstha Ltd. (VLBS), Mountain Energy Nepal Limited (MEN), and United IDI Mardi RB Hydropower Limited. (UMRH) each suffered losses of 10%.

    With the exception of “Mutual Fund,” all sector indices concluded in the red. The “Mutual Fund” sector experienced the most gain, registering an increase of 0.11%, while the “HydroPower Index” witnessed a loss of 1.73%.

    The trading session reflected ongoing market dynamics, with investors closely monitoring sectoral performances and individual stock movements.

  • Scrip how showing up in “my holdings” to transfer shares.

    Scrip how showing up in “my holdings” to transfer shares.


    TITLE : SCRIP NOT SHOWING UP IN “MY HOLDINGS” TO TRANSFER SHARES

    I calculated wacc from “purchase source”, tespachi its been more than 12 hours “my holdings” ma kei ni ako chaina. “my wacc” my herda “PLEASE PERFORM REMAINING WACC CALCULATION FOR SCRIP : (all my other shares)” bhanera dekhaucha.

    Aja last day to transfer shares as well, am i doing something wrong

    View on r/NepalStock by arch_baddie

  • Market Weekend Discussion (Thursday Nov 30 – Saturday Dec 02, 2023)

    Market Weekend Discussion (Thursday Nov 30 – Saturday Dec 02, 2023)


    Use this post to discuss what to buy/sell/trade/avoid/watch this weekend and in the coming days.

    As always, the rules still apply.

    **Have a TMS or Meroshare issue? Query about EDIS or collateral? Ask here instead of creating another thread. All queries regarding TMS, MeroShare, Broker Issues, EDIS, Settlement and Payments should be asked here.** DO NOT create another post.

    BEGINNER? [**Go here first!**](https://www.reddit.com/r/NepalStock/wiki/beginners-guide)

    ALL OTHER **INDIVIDUAL** POSTS ASKING:

    * what to buy or sell,
    * or what bank to buy,
    * or what insurance to buy,
    * yo share kati samma mathi jancha hola
    * IPO ma pareko yo share kun din bechda ramro hola, ajhai 1-2 din parkhine ki nai etc.

    will be deleted. Repeat violators will be banned.

    Happy Investing!

    View on r/NepalStock by AutoModerator

  • Should I invest in Nepse in current condition?

    Should I invest in Nepse in current condition?


    Nepal ko economy aahile ko situation herda varkhar grow hola jasto chaina.
    People are leaving this country, no better foreign investment is there.
    Politicans are busy in corruption, there’s no vision or goals.
    Even Axiata company is leaving this country citing “difficult to do bussiness here”
    Nepse ma sab potential navako, sab loss vako company ko matrai entry cha. Manipulation is being done at all level.
    I don’t feel Nepse would go positive in this current situation unless manipulated by some riches.
    I have few thousands stock in my portfolio. I’m at loss right now, obviously.
    Should I exit Nepse completely? Should I invest more hoping it would get better soon?
    What’s your opinion?

    View on r/NepalStock by Middle-Chemistry810

  • Post for BEGINNERS, looking for advices

    Post for BEGINNERS, looking for advices


    Hello all,

    I could have started before, now i’m turning 21. I am completely new on stocks and market. Seeking for the advices, things to be considered and the roadmaps. It can be useful for all those beginners like me here in group 🙂

    View on r/NepalStock by Wide_Butterfly_550

  • Nepalese Gold Market Soars to Record Highs, Fine Gold Reaches Unprecedented Rs. 119,300 per Tola

    Nepalese Gold Market Soars to Record Highs, Fine Gold Reaches Unprecedented Rs. 119,300 per Tola


    “The Nepalese gold market experiences an unprecedented surge as prices hit an all-time high on November 29, 2023. The Federation of Nepal Gold and Silver Dealers’ Association reports a remarkable single-day gain of Rs. 1600, driving fine gold to an extraordinary rate of Rs. 119,300 per tola. Just a day earlier, on November 28, 2023, fine gold had already reached a record high of Rs. 1,17,700 per tola. Tejabi gold, another sought-after variant, has also experienced a substantial increase, currently trading at Rs. 118,750 per tola, up from its previous rate of Rs. 1,17,150.

    The surge in gold prices commenced on November 27, 2023, with both fine gold and tejabi gold reaching unprecedented highs at Rs. 1,17,700 and Rs. 1,17,150 per tola, respectively. In contrast to the gold rally, the price of silver has also seen a notable uptick, gaining Rs. 20 to trade at Rs. 1,520 per tola.

    This surge in gold prices in the Nepalese market is reflective of the global trend, with the current global price of gold standing at USD $2,045.60 per ounce. Simultaneously, silver is being exchanged at $24.98 per ounce on the global stage.”

     

  • Sarbottam Cement Launches Book-Building IPO, Inviting General Public Participation

    Sarbottam Cement Launches Book-Building IPO, Inviting General Public Participation


    “Sarbottam Cement Limited Initiates Book-Building IPO for General Public Participation”
    Sarbottam Cement Limited is gearing up to launch its Initial Public Offering (IPO) to the general public, employing the book-building method for the first time. The IPO price for common investors is fixed at Rs 360.90 per share, requiring a minimum application of 50 units, with investors expected to allocate at least Rs 18,045 to participate.

    Governed by book-building guidelines, the ‘cut-off price’ during primary share distribution to institutional investors was set at Rs 401 for Sarbottam Cement. Following these guidelines, shares are made available to the general public at a 10% reduced rate, specifically Rs 360.90 per share for common investors.

    Investors must maintain a minimum balance of at least Rs 18,045 in their bank accounts; otherwise, the application will be automatically canceled. Sarbottam Cement’s IPO involves the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital of Rs 4.65 arba. Out of this, 40% (24 lakh units) is allocated for qualified institutional investors, and the remaining 60% (36 lakh units) is available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local people.

    This move signifies a significant step in Sarbottam Cement’s financial journey, providing common investors with an opportunity to participate in the growth of the cement industry. As the IPO unfolds, market enthusiasts closely monitor the dynamics of this offering, offering a stake in Sarbottam Cement’s future endeavors. The company plans to issue IPOs for the general public by the first week of Poush.