Tag: Buffett

  • NEPSE Index Gains 3.20% Despite Ups and Downs

    NEPSE Index Gains 3.20% Despite Ups and Downs


    n the recent trading week, the NEPSE index closed at 2,155.82, marking a notable 3.20% gain from the previous week’s closing at 2,088.99. The index experienced volatility, ranging from 2,093.46 to 2,215.29, with a fluctuation of 121.83 points. Key indicators, such as the RSI and MACD, suggest a bullish trend, but further confirmation is needed. The highest intraday gain occurred on Tuesday, with 54.55 points and a weekly turnover of Rs 31.41 Arba.

    Himalayan Reinsurance Limited (HRL) emerged as the top gainer, closing at Rs. 653 with a 44.28% increment. Conversely, Mid Solu Hydropower Company Limited (MSHL) saw a 9.07% decrease, closing at Rs. 510.10. In terms of turnover, HRL was the most traded company, with shares worth Rs. 2.56 Arba exchanged. Naasa Securities Co. Ltd (Broker No- 58) stood out as both the top buyer and seller broker during the week.

  • Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase

    Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase


    Machhapuchchhre Bank Limited (MBL) has recently unveiled its financial performance for the second quarter of the fiscal year 2080/81, providing insights into key metrics. In this quarter, MBL witnessed a notable 21.45% decline in net profit, falling from Rs. 1.02 Arba in Q2 FY 2079/80 to Rs. 80.53 Crores in Q2 FY 2080/81.

    The bank faced a 1.10% reduction in customer deposits, reaching Rs. 1.52 Kharba. However, loans and advances to customers experienced growth, rising by 2.99% to Rs. 1.29 Kharba compared to the previous year. The Net Interest Income, a critical indicator of core business income, decreased by 5.56% to Rs. 2.63 Arba. Encouragingly, impairment charges witnessed a decline of 21.57%.

    MBL’s paid-up capital stands at Rs. 11.62 Arba, complemented by Rs. 5.44 Arba in reserves and surplus. Nonetheless, Non-Performing Loans (NPL) increased to 2.26%, marking an 85.82% surge from the same quarter in the previous year.

    On a per-share basis, the annualized earnings per share (EPS) amounted to Rs. 13.86, and the Net worth per share was Rs. 144.97. The company traded at a Price/Earnings (P/E) multiple of 14.65 times. The rise in NPL is highlighted as an area requiring ongoing attention.

    For detailed figures and comparisons, refer to the complete Q2 report provided in the disclosure.

  • United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80

    United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80


    United Ajod Insurance Limited (UAIL) has put forth a proposal for a 10.8013% dividend for the fiscal year 2079/80. This decision was reached during a board of directors meeting held on Magh 04. The proposed dividend distribution includes 10.2612% in bonus shares and 0.5401% in cash dividend, the latter being designated for tax-related purposes. The current paid-up capital of the company stands at Rs. 1.90 Arba.

    The finalized distribution of the dividend is contingent upon approval from the Nepal Insurance Authority and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). UAIL concluded at Rs. 656 on Thursday.

  • Gold Prices Rebound with a Rs. 500 Increase per Tola After Three-Day Dip

    Gold Prices Rebound with a Rs. 500 Increase per Tola After Three-Day Dip


    Following a three-day downturn, the luster of gold has made a comeback, witnessing a price surge of Rs. 500 per tola today. The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that fine gold is now valued at Rs. 118,000 per tola. This marks a Rs. 500 increase from yesterday’s trading price of Rs. 117,500 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 117,450 per tola, reflecting a Rs. 500 rise compared to yesterday’s rate of Rs. 116,950 per tola.

    In addition to the gold price movements, silver has also seen an uptick, rising by Rs. 5 per tola. The current market rate for silver stands at Rs. 1,395 per tola, a notable increase from the previous day’s closing rate of Rs. 1,390 per tola.

  • Reliable Nepal Life Insurance (RNLI) Announces 16.84% Dividend and AGM Plans for Fiscal Year 2079/80

    Reliable Nepal Life Insurance (RNLI) Announces 16.84% Dividend and AGM Plans for Fiscal Year 2079/80


    Reliable Nepal Life Insurance Limited (RNLI) has scheduled its 7th Annual General Meeting (AGM) to take place on the 29th of Magh, 2080. The venue for the meeting is Lisara Banquet in Gyaneshwor, Kathmandu, commencing at 11 AM on the specified day.

    One of the key items on the AGM’s agenda is the approval of a 16.84% dividend for the fiscal year 2079/80. This decision was made during the 126th board of directors meeting on Poush 24. The proposed dividend, to be distributed on the paid-up capital of Rs. 4 Arba, includes a 16% bonus shares valued at Rs. 64 crore and a 0.84% cash dividend amounting to Rs. 3.36 crore. The allocation of a cash dividend is intended to cover the tax amount on the bonus shares.

    Additionally, the AGM will address various matters such as endorsing the auditor’s report, which encompasses Profit and Loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also slated for approval. Furthermore, there will be discussions on approving the allowances for the board of directors and the election of 2 directors from the public shareholding group.

    The book closure date for entitlement to the dividend payout and participation in the AGM is set for Magh 15. Shareholders who maintain their positions before this date are eligible for the proposed dividends and can actively participate in the AGM proceedings.

  • National Laghubitta Bittiya Sanstha Limited Initiates Auction of 63,242 Shares to General Public

    National Laghubitta Bittiya Sanstha Limited Initiates Auction of 63,242 Shares to General Public


    The current promoters of National Laghubitta Bittiya Sanstha Limited (NMFBS) have initiated the auction of 63,242 units of shares to the general public, starting from the 4th of Magh, 2080.

    Individuals interested in acquiring these shares are invited to participate in the auction, with a deadline of 10 days from the publication date of this notice, which is also the 4th of Magh, 2080.

    Prospective shareholders must submit their bids at the bank’s central office situated in Banepa-10, Kavrepalanchok. Initially, the shares were offered for auction exclusively to existing promoter shareholders. However, as no bids were received within the specified timeframe, the shares are now available for auction to the general public.

    As of the latest update, NMFBS concluded at Rs. 1,214.00 in the previous trading session. Meanwhile, NMFBSP is reported to have a Last Traded Price (LTP) of Rs. 1,115.00 as of January 25, 2023.

  • Lower Erkhuwa Hydropower Taps Muktinath Capital for IPO Management, Offers 21.5% of Capital to Public

    Lower Erkhuwa Hydropower Taps Muktinath Capital for IPO Management, Offers 21.5% of Capital to Public


    Lower Erkhuwa Hydropower has enlisted Muktinath Capital Ltd. as the manager overseeing both the issuance and sales of its Initial Public Offering (IPO) shares. The company intends to release 2,805,750 ordinary shares to the general public at a face value of Rs. 100 per share, constituting 21.5% of its overall issued capital, which amounts to Rs. 1 Arba 30 crores 50 lakhs.

    In formalizing this share issuance, Lower Erkhuwa Hydropower’s Managing Director, Mr. Bishweshwar Subedi, and Muktinath Capital’s Chief Executive Officer, Mr. Kabindra Dhoj Joshi, have both signed the agreement. The distribution plan involves allocating 10% (equivalent to 13,05,000 shares) for individuals affected by the project and 11.5% (equivalent to 15,00,750 shares) for the general public.

    Situated in Bhojpur district, Lower Erkhuwa Hydropower Company is currently in the final stages of constructing the Lower Erkhuwa Hydroelectric Project, boasting a capacity of 14.15 megawatts. The primary promoter for this venture is the National Hydro Power Company Ltd. (NHPC). At present, the project has reached 85% completion, covering various aspects such as tunnel excavation, civil construction, procurement of electro-mechanical and hydro-mechanical equipment, as well as the establishment of transmission lines. To fund this estimated Rs. 2 Arba project, financial support has been secured through loans from Machhapuchchhre Bank Ltd., Nepal SBI Bank Ltd., and Jyoti Bikas Bank Ltd. The company’s goal is to commence commercial electricity production from this project within the current fiscal year.

  • Arun Valley Hydropower Announces 100% Right Share Issuance

    Arun Valley Hydropower Announces 100% Right Share Issuance


    Arun Valley Hydropower Development Company Limited (AHPC) has announced that the book closure date for its 100% right shares is set for the 15th of Magh, 2080. This means that only shareholders maintained until Magh 14 will be eligible to participate in the rights offering. The company plans to issue 100% right shares with a total value of Rs. 1.86 Arba by distributing 18,679,626 units of right shares to its existing shareholders. Currently, the paid-up capital of the company stands at Rs. 1.86 Arba. Following the adjustment for the proposed right share issuance of 1.86 crore units, the company’s paid-up capital is expected to double to Rs. 3.72 Arba.

    Muktinath Capital Limited has been appointed as the issue manager for this offering. As of the latest information available, AHPC’s Last Traded Price (LTP) is recorded at Rs. 280.90.

    In summary, AHPC is making a significant move by offering its existing shareholders the opportunity to acquire additional shares through a 100% right share issuance, thereby aiming to increase its paid-up capital to Rs. 3.72 Arba. The appointment of Muktinath Capital Limited as the issue manager adds a professional touch to the process, and the current market price of AHPC shares is Rs. 280.90.

  • Siddhartha Premier Insurance Limited Initiates Auction of 300,000 Promoter Shares

    Siddhartha Premier Insurance Limited Initiates Auction of 300,000 Promoter Shares


    The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the auction of 300,000 units of promoter shares, making them available for interested promoter shareholders, as well as the general public and institutions. The auction period spans from the 3rd Magh to the 11th Magh of the year 2080.

    The auction entails the sale of 300,000 units of SPIL’s promoter shares, and interested parties, including both promoter shareholders and the general public or institutions, are eligible to participate. The auction sets a minimum bid rate of Rs. 220, with a minimum bid quantity of 5,000 units for promoter shares.

    NIC Asia Capital Limited has been appointed as the auction manager for this process.

    As of the latest available information, SPIL closed at Rs. 760.00 on the previous day. Concurrently, the Last Traded Price (LTP) for SPILPO stands at Rs. 625.00 as of April 4, 2023.

  • Mirmire Laghubitta Reports 41.48% Decline in Q2 Net Profit for FY 2080/2081

    Mirmire Laghubitta Reports 41.48% Decline in Q2 Net Profit for FY 2080/2081


    In the second quarter report of the fiscal year 2080/2081, Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) disclosed a significant 41.48% decrease in net profit. According to the company’s published report, the net profit declined from Rs. 5.81 crore in the corresponding quarter of the previous year to Rs. 3.4 crore.

    Various financial metrics also showed changes. The company’s borrowings decreased by 0.20% to Rs. 4.89 Arba compared to Rs. 4.9 Arba in the corresponding quarter of the previous year, while deposits decreased by 0.77% to Rs. 2.59 Arba. However, the company’s loans and advances increased by 3.32%, reaching 8.26 Arba in the same quarter.

    The net interest income (core revenue) experienced a significant decline of 25.84%, falling to Rs. 17.85 crores from Rs. 24.07 crore in the corresponding quarter of the previous year. Key financial figures included a paid-up capital of Rs. 66.57 crores, retained earnings of Rs. 6.23 crores, and reserves and surplus of Rs. 36.64 crores in the reported quarter.

    Additionally, the non-performing loans (NPL) ratio increased to 4.51% from 3.84%, while the cost of funds decreased to 10.45% from 11.72%. The capital adequacy stood at 9.71%. The company’s annualized earnings per share (EPS) was reported at Rs. 10.22, and the net worth per share was Rs. 164.41. The company traded at a price-to-earnings (P/E) multiple of 61.08 times.

    The table presents major financial highlights, showcasing a comparison between the immediate previous year’s quarter ending figures and those of the current quarter for various financial parameters.

  • Nepal Clearing House Ltd. Processes Over NRs. 84 Billion on the Last Day of Poush 2080

    Nepal Clearing House Ltd. Processes Over NRs. 84 Billion on the Last Day of Poush 2080


    On the final day of Poush 2080, Nepal Clearing House Ltd. (NCHL) facilitated transactions totaling over NRs. 84 Billion through its payment systems. This marked a significant increase of 60 percent in transaction volume and 70 percent in transaction value compared to the corresponding day in the previous year. NCHL-ECC, NCHL-IPS, and RPS processed transactions amounting to NRs. 41 B, NRs. 14 B, and NRs. 29 B, respectively, on the last day of the second quarter.

    Real-time transactions within the RPS system experienced a surge, with transactions initiated from various sources such as connectIPS (App, Web, Gateway), CORPORATEPAY, bank branches, mobile banking, wallets, and NPI-integrated channels/systems. Throughout the day, both NCHL-IPS and RPS systems witnessed significant Government revenue collections surpassing NRs. 1.6 B and expenses exceeding NRs. 6.8 B, equivalent to over 1.25 lakh transactions. Government payments were facilitated through various channels, including connectIPS, CORPORATEPAY, NEPALPAY QR gateway, bank branches, mobile banking, and wallets.

    NCHL’s systems are utilized by more than 53 bank financial institutions (BFIs) as direct members and over 100 non-bank institutions as indirect or technical members. The BFIs extend payment services through their extensive network of over 7,000 branches, while indirect/technical members reach their customers through diverse channels.

  • Machhapuchchhre Bank Successfully Concludes Promoter Shares Auction.

    Machhapuchchhre Bank Successfully Concludes Promoter Shares Auction.


    The auction closing day of Machhapuchchhre Bank’s 1,12,32,492 Units Promoter Shares marked a crucial milestone in the bank’s strategic initiatives. By offering these shares, the bank aimed to enhance capital, allowing for expansion and strategic projects.