Tag: Buffett

  • Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline

    Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline


    Five companies are closing their books tomorrow for shareholders to qualify for declared dividends, and today is the last day for shareholders to secure their entitlement. Kalika Power Company Limited (KPCL) has announced a book closure date of Poush 18 for shareholders to qualify for the proposed 10.5263% dividend, as decided in the company’s Annual General Meeting (AGM) held on 28th Poush, 2080. The AGM will take place at Diyalo Foodland Chitwan Pvt. Ltd., Bharatpur-10, Chitwan, starting at 11 am, endorsing a 10% bonus shares and a 0.5263% cash dividend on the paid-up capital of Rs. 79.35 crores.

    Rastriya Banijya Bank Limited (RBBL) has called its 18th AGM on 29th Poush, 2080, and today is the last day for shareholders to secure the 5.50% cash dividend proposed. The AGM will be held at Rastriya Banijya Bank’s Hall, Durbarmarg, at 2:00 p.m., endorsing a 5.50% cash dividend worth Rs. 86.00 Crores from the paid-up capital of Rs. 15.63 Arba.

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has its book closure date on Poush 18, and today is the last day for shareholders to claim the dividend proposed in its 5th AGM on 29th Poush, 2080. The AGM, starting at 10:30 AM in the company’s head office located at Katahari, Morang, will endorse 14% bonus shares and a 0.7369% cash dividend on the paid-up capital of Rs. 1.18 Arba.

    Hydroelectricity Investment and Development Company Limited (HIDCL) is closing its books on Poush 18, and shareholders maintained till Poush 17 are entitled to the 5.263% cash dividend proposed in its 12th AGM on Poush 29, 2080. The meeting will be held in Baneshwor Banquet Naya Baneshwor, Kathmandu, at 10 am.

    Universal Power Company Limited (UPCL) has set the book closure date on Poush 18, with today being the last day for shareholders to qualify for the 9% dividend proposed in its upcoming AGM on 29th Poush, 2080. The meeting is scheduled to take place at the Company Register’s Office, Tripureshwor, Kathmandu, starting at 12:15 pm, and will endorse 0.45% cash dividend and 8.55% bonus shares.

  • Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update

    Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update


    Sarbottam Cement Limited has recently unveiled its financial performance for the fourth quarter of the fiscal year 2079/2080, revealing a significant 55.61% decline in net profit. The company’s net profit contracted from Rs. 46.76 crores in the corresponding quarter of the prior year to Rs. 20.75 crores in Q4, 2079/2080.

    Concurrently, the core business revenue, represented by sales revenue, witnessed a notable downturn of 31.74%, decreasing to Rs. 5.38 Arba from Rs. 7.88 Arba year-on-year. The other income of the company also experienced a substantial decline, dropping to Rs. 1.08 crores compared to the previous year’s figure of Rs. 8 crores. However, expenses for the same period exhibited a comparatively modest decrease of 9.27%.

    The company’s investment portfolio is reported at Rs. 55.6 crores. Sarbottam Cement’s paid-up capital remains steady at Rs. 4.05 Arba, with retained earnings totaling Rs. 3.45 Arba.

    In terms of financial metrics, the annualized earnings per share (EPS) for the company stand at Rs. 5.13, reflecting the per-share profitability, while the net worth per share is reported at Rs. 185.19.

    Moreover, Sarbottam Cement is currently in the process of issuing IPO shares through a book-building approach. The IPO entails the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital amounting to Rs. 4.65 Arba. Notably, 40% (24 lakh units) of the IPO shares have been issued to the Qualified Institutional Investors (QII) from 6th – 10th Mangsir, 2080, while the remaining 60% (36 lakh units) will be made available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local individuals.

  • Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal

    Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal


    The cost of the valuable yellow metal has risen by Rs. 500 per tola today when compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present rate for fine gold is Rs. 1,21,000 per tola, marking a Rs. 500 increase from Monday’s trading price of Rs. 1,20,500 per tola.

    Similarly, Tejabi gold is available today at Rs. 1,20,400 per tola, indicating a Rs. 500 uptick from Monday’s price of Rs. 1,19,900 per tola.

    In a parallel trend, the price of silver has also undergone an increase today. With a gain of Rs. 5, the current silver price stands at Rs. 1,460 per tola, in contrast to Monday’s silver price of Rs. 1,455 per tola.

  • Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen

    Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen


    Sarbottam Cement Limited has issued an offer letter for an Initial Public Offering (IPO) targeting industry-affected locals of Nawalparasi District, mine excavation-affected locals of Palpa District, and Foreign Nepalese Immigrants. The IPO subscription period for the specified groups is set from 25th Poush to 10th Magh, 2080. Notably, if the issue remains undersubscribed for the industry-affected locals of Nawalparasi District and mine excavation-affected locals of Palpa District by the early closing date, it may be extended until Magh 25. However, there will be no extension for Foreign Nepalese Immigrants beyond the early closing date.

    Previously, Sarbottam Cement conducted the issuance of its primary shares through the book-building process for Qualified Institutional Investors (QII) from 6th to 10th Mangsir, 2080. The allotment for the 36,19,190 unit shares, against the initially offered 24 lakh units to eligible institutional investors, took place on the 11th Mangsir.

    The overall issuance plan involves Sarbottam Cement offering 12.9033% of its issued capital amounting to Rs. 4.65 Arba, equivalent to 60 lakh shares or 60 crores. Out of this, 40% (24 lakh shares) has already been issued and allotted to Qualified Institutional Investors, leaving the remaining 60% (36 lakh shares) for the general public.

    Among the general public shares, 9,30,000 units will be allocated to industry-affected locals of Nawalparasi District and mine excavation-affected locals of Palpa District. The remaining 26,70,000 units will be divided into two portions – 10% (2,67,000 units) for Nepalese citizens working abroad, and the remaining 24,03,000 units for the general public.

    Global IME Capital has been appointed as the issue manager, and applications can be submitted for a minimum of 50 units and a maximum of 10,000 units.

    The share price for common investors is set at Rs. 360.90 per share. The IPO is being conducted through the book-building method, where the ‘cut-off price’ during the primary shares allotment to Qualified Institutional Investors was Rs. 401. As per the guidelines, shares for the general public are offered at a 10% discount to the ‘cut-off’ price, resulting in Rs. 360.90 per share for common investors.

    ICRA Nepal has maintained its issuer rating of [ICRANP-IR] BBB+ and reaffirmed the long-term rating of [ICRANP] LBBB+ and the short-term rating of [ICRANP] A2 to Sarbottam Cement Limited.

  • Everest Bank Limited Lists 1,06,98,094.44 Bonus Shares on NEPSE Following AGM Approval

    Everest Bank Limited Lists 1,06,98,094.44 Bonus Shares on NEPSE Following AGM Approval


    A total of 1,06,98,094.44 units of bonus shares from Everest Bank Limited (EBL) have been officially listed on the Nepal Stock Exchange (NEPSE). This follows the company’s 29th Annual General Meeting (AGM) conducted on the 30th of Ashwin, 2080, where a dividend of 20.53% for the fiscal year 2079/80 was approved. During the 357th meeting of the Board of Directors (BODs) on Bhadra 27, a decision was made to distribute a 10.53% cash dividend and a 10% bonus share from the company’s paid-up capital, which currently stands at Rs. 10.69 Arba.

    The bonus shares, reflecting the aforementioned decision, are now officially listed on NEPSE for trading.

    As of the latest update, the closing price of EBL on the stock exchange stands at Rs. 510.00.

  • Singati Hydro Energy Limited Announces Book Closure Date for 100% Right Share Issuance

    Singati Hydro Energy Limited Announces Book Closure Date for 100% Right Share Issuance


    Singati Hydro Energy Limited (SHEL) has announced the book closure date for its upcoming issuance of 100% right shares, set for the 22nd of Poush, 2080. Consequently, shareholders holding their positions until Poush 21 will be entitled to participate in the rights offering.

    The company intends to distribute 100% right shares valued at Rs. 1.45 Arba by issuing 14,500,000 (1:1) units of right shares to its existing shareholders. Currently, the paid-up capital stands at Rs. 1.45 Arba. Following the adjustment for the proposed right share issuance of 1.45 crore units, the company’s paid-up capital is slated to increase to Rs. 2.90 Arba.

    To oversee the proceedings of this offering, Kumari Capital has been appointed as the issue manager.

    At the time of reporting, SHEL has a Last Traded Price (LTP) of Rs. 286.

  • NEPSE Index Records Marginal Decline, Market Highlights and Sectoral Trends

    NEPSE Index Records Marginal Decline, Market Highlights and Sectoral Trends


    The Nepal Stock Exchange (NEPSE) Index registered a decline of 8.75 points, equivalent to 0.42%, compared to the previous day’s closing, concluding at 2,060.15 points. This follows a loss of 1.93 points in the index on the preceding trading day. The day commenced with the index opening at 2072.45 and witnessed fluctuations, reaching an intraday low of 2,056.87 and a high of 2,096.44.

    In the course of today’s trading activities, a total of 306 different stocks were traded through 102,905 transactions. The trading volume amounted to 11,892,559 shares, contributing to a total turnover of Rs. 4.48 Arba. The market capitalization stood at Rs. 32.00 Kharba, with a float market capitalization of Rs. 11.05 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) emerged as the stock with the highest turnover, reaching Rs. 20.13 crores, and closed at a market price of Rs. 579.

    Among the gainers for the day were CEDB Hydropower Development Company Limited (CHDC) and Chirkhwa Hydropower Limited (CKHL), both gaining 10%. Following closely were Nepal Warehousing Company Limited (NWCL) and Hathway Investment Nepal Limited (HATHY), each recording gains of 9.99%, along with MKCL at 9.98%.

    Conversely, Molung Hydropower Company Limited (MHCL) experienced the most significant loss, with a decline of 8.09%.

    Analyzing the sector indices, only five sectors closed positively today. The “Investment Index and Manufacturing And Processing” exhibited the highest gain of 1.07%, while the “HydroPower Index” witnessed a loss of 1.72%.

  • Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition

    Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition


    Ghalemdi Hydro Limited (GHL) is currently concluding the offering of its 1:2 ratio right shares to its shareholders, a process that began on the 10th of Mangsir and is scheduled to end today, the 16th of Poush, 2080, by the close of banking hours.

    In an effort to raise funds, the hydropower company has initiated the issuance of 200% right shares valued at Rs. 1.1 Arba. This amounts to the distribution of 11,000,000 units of right shares to existing shareholders. The primary objective behind this move is to enable the company to acquire a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    Currently, the company’s paid-up capital stands at Rs. 55 Crores. Following the adjustment for the proposed right share issuance of 1.10 crore units, the paid-up capital is anticipated to rise to Rs. 1.65 Arba.

    The responsibility of overseeing this right issue has been assigned to Muktinath Capital Limited, serving as the issue manager. According to the latest update from the issue manager, a total of 27,724 applicants have submitted applications for 63,37,675 units. As of 10 AM this morning, the subscription rate for the issue stands at 57.62%.

  • Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment

    Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment


    Ghalemdi Hydro Limited (GHL) is set to conclude its issuance of right shares to shareholders at a 1:2 ratio starting from the 16th of Poush. The right shares, offered at a rate of 200%, were made available for subscription from the 10th of Mangsir and will remain open until the 16th of Poush, 2080, closing at the end of banking hours.

    In a bid to raise funds, Ghalemdi Hydro Limited aimed to generate Rs. 1.1 Arba by issuing 11,000,000 units of right shares to its existing shareholders at the 200% rate. The company’s strategic decision to offer these right shares is linked to its plan to invest a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    As of now, Ghalemdi Hydro Limited holds a paid-up capital of Rs. 55 Crores. Upon the successful adjustment of the proposed right shares totaling 1.10 crore units, the company’s paid-up capital is expected to rise to Rs. 1.65 Arba.

    To oversee this right share issuance, Muktinath Capital Limited has been appointed as the issue manager. The book closure date was on Kartik 03, meaning that only shareholders who maintained their holdings before that date are eligible to apply for the rights offering.

  • Gold Prices Experience a Significant Drop of Rs. 1,300 per Tola, Silver Rates Decline as Well

    Gold Prices Experience a Significant Drop of Rs. 1,300 per Tola, Silver Rates Decline as Well


    Today, the price of gold saw a decline of Rs. 1,300 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association’s official website, the current value of fine gold is Rs. 1,20,700 per tola, showing a decrease from yesterday’s rate of Rs. 1,22,000 per tola. Similarly, Tejabi gold is being traded at Rs. 1,20,100 today, marking a reduction of Rs. 1,300 per tola compared to its previous price of Rs. 1,21,400 per tola.

    Just one day ago, on December 28, 2023, fine gold had achieved a historic high of Rs. 1,22,000 per tola, while Tejabi gold had reached Rs. 1,21,400, establishing a record at that time.

    In addition to the gold fluctuations, the price of silver has also undergone a decrease of Rs. 35 per tola. The current market rate for silver is Rs. 1,455 per tola, down from yesterday’s closing rate of Rs. 1,490 per tola.

  • Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting

    Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting


    Finance Minister Dr. Prakash Sharan Mahat expressed optimism about achieving a 6% economic growth rate, attributing it to the gradual recovery of the country’s economy. Speaking at the 20th annual general meeting of the Kathmandu Valley Public Library Society at Bhrikutimandap, Minister Mahat highlighted positive signs such as the increasing number of tourists, rising remittances, growing share prices, enhanced revenue, and overall economic activities.

    Minister Mahat underscored the successful resolution of budget anomalies through the implementation of a budget allocation system based on guaranteed resources in multi-year projects. He also noted a decline in bank interest rates, signaling a positive economic trend. The Finance Minister credited the improvement in the budget system for curbing the tendency to exceed budget allocations outlined in the budget Red Book.

    Dr. Narayan Khadka, the President of the Society, emphasized the significance of prioritizing libraries as hubs of knowledge, information, and national history. However, he expressed concerns about reduced government funding, the absence of a dedicated land plot for the library building, and increased rent imposed by the Social Welfare Council.

    During the event, Mahesh Agrawal and Tirtha Raj Onta were honored by the Society. The library, established in 2003, attracts more than 30,000 visitors annually and has 2,400 annual members. The Society has managed the library since 2005, amassing 37,614 donated books and acquiring 4,351 books through purchases.

    In a collaborative effort, Prof. Dr. Bhagawat Dhakal, Chief of Balmeeki Vidyapeeth, proposed allocating land to jointly construct the library building, addressing the budget constraints faced by the Vidyapeeth.

  • All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.

    All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.


    Kumari Capital Limited has released the NAV reports for Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) for the month of Mangsir, 2080.

    1. Kumari Equity Fund (KEF):
      • Fund Size: Rs. 1 Arba
      • NAV: Rs. 9.99 (Mangsir) | Rs. 9.41 (Previous Month)
      • Investments: Rs. 73.65 crore in listed shares, Rs. 3.14 crore in public issues, right shares, and bonus shares
      • Other Holdings: Rs. 15.87 crores in bonds/debentures, Rs. 2 crores in fixed deposits
      • Bank Balance: Rs. 4.09 crore
      • Net Loss: Rs. 35.95 lakhs (Mangsir) | Rs. 6.14 crores (Previous Month)
    2. Kumari Dhanabriddhi Yojana (KDBY):
      • Fund Size: Rs. 1.22 Arba
      • NAV: Rs. 10.52 (Mangsir) | Rs. 9.93 (Previous Month)
      • Investments: Rs. 83.91 crore in listed shares, Rs. 3.66 crore in public issues
      • Other Holdings: Rs. 18 crore in fixed deposits
      • Bank Balance: Rs. 10.65 crores
      • Net Loss: Rs. 2.47 (Mangsir) | Rs. 7.24 crores (Previous Month)
    3. Kumari Sunaulo Lagani Yojana (KSLY):
      • Fund Size: Rs. 36.62 Crores
      • NAV: Rs. 10.67 (Mangsir) | Rs. 10.07 (Previous Month)
      • Investments: Rs. 27.47 crore in listed shares, Rs. 1.33 Crores in public issues
      • Bank Balance: Rs. 5.67 crores
      • Net Profit: Rs. 8.79 Lakh (Mangsir) | Net Loss of Rs. 2.13 crores (Previous Month)