Prudential Insurance had its 21st Annual General Meeting (AGM) on Chaitra 16, 2079, under the chairmanship of Mr. Vishal Agrawal.
Apart from standard financial reports, the AGM approved a taxation proposal of 3.325% bonus shares and 0.17% cash dividend. According to the media announcement, the company’s paid-up capital would increase to Rs 1.22 arba.
From today (14th Chaitra), Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) is delivering 3.26% cash dividends straight to its shareholders’ bank accounts and has asked them to dematerialize their shares.
On Chaitra 10, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 25.26% dividend for fiscal year 2078/79. The 282nd meeting of the board of directors, held on Poush 27, resolved to give a dividend of Rs. 2.32 Arba on the paid-up capital. There was a proposal for 22% bonus shares worth Rs 51.13 crores and a 3.26% cash dividend (including tax) of Rs 7.57 crore. The same cash dividend is now paid out.
Furthermore, the corporation has asked owners to dematerialize their shares if their bank information has not been updated.
This is the last day to get a dividend of 15.7895% suggested by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).
The corporation has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The conference will begin at 11 a.m. that day at the Hotel New Era in Butwal.
Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors resolved on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth somewhat more than Rs. 2.21 crore, while the cash dividends are worth Rs. 11.67 lakhs.
Salt Trading Corporation Limited (STC) has released its second-quarter report for fiscal year 2079/2080, which shows a 47.39% increase in net profit. The company’s net profit increased to Rs. 1.88 crores in Q2, 2079/2080 from Rs. 1.27 crores in the previous year’s corresponding quarter.
The company’s sales revenue (revenue from operations) fell by 1.63% in the second quarter to Rs. 3.45 Arba, down from Rs. 3.51 Arba in the previous year’s corresponding quarter. In contrast, the company’s other income has decreased to Rs. 1.7 Crores from Rs. 3.7 Crores during the same period last year.
Radhi Bidyut Company Limited (RADHI) has launched 7,59,990.842 unit bonus shares on NEPSE.
The company’s AGM, held on Poush 28, 2079, approved a 5% dividend for fiscal year 2078/79. The board of directors of the firm met on the 5th of Poush 2079 and suggested a 5% dividend from the paid-up capital. The firm has a paid-up capital of Rs. 1.59 Arba. A cash dividend of 0.25% (including tax) and 4.75% bonus shares were proposed. NEPSE now lists the same bonus shares.
Yesterday, RADHI closed at Rs. 262.10.
Similarly, Himalayan Bank Limited (HBL) has launched 1,03,74,980.58 unit bonus shares on NEPSE.
The company’s 30th AGM, held on Poush 28, 2079, approved a 19.11% dividend for fiscal year 2078/79. On Poush 05, the 427th board of directors meeting resolved to disburse the dividend on paid-up capital. Bonus shares worth 11.11% and cash dividends of 8% were suggested.
NEPSE now lists the same bonus shares. HBL’s LTP is Rs. 285.
Himalayan Bank Limited (HBL) and Civil Bank Limited (CBL) have finalized their merger, and the combined operation will commence on Falgun 12 under the name “Himalayan Bank Limited.” The business signed a merger agreement with a swap ratio of 100: 80.28.
Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal and Sundhara.
The network deployed in the Kathmandu districts of Sundhara and Babarmahal is using the 60 MHz spectrum in the 2600 MHz band given by the government. The 2600 MHz band provides a good balance of speed and coverage. According to a Nepalitelecom report, the trials are not available to the public and are conducted internally.
The initial trials, which were supposed to begin in January 2023, have already begun one month later than projected. Nepal Telecom’s July 2021 trials were canceled when a change in administration hindered the requisite spectrum allocation.
Sunil Paudel, MD of Nepal Telecom (NTC), has formally declared the launch of the long-awaited 5G experiment. However, no official launch date for 5G has been announced, however, officials have stated that it “should launch shortly.” Managing Director Sunil Paudel noted in a progress update on the company’s planned 5G rollout that Nepal Telecom (NT) has yet to evaluate the capabilities of its present mobile infrastructure to handle commercial 5G services in the future.
Nepal Telecom Corporation (NTC) will begin its 5G testing using Non-standalone (NSA) architecture and subsequently advance to Standalone architecture (SA). By changing the basic software, the NSA allows the operator to launch its 5G network on its existing 4G LTE infrastructure. The business has already developed two 5G-ready sites in Babarmahal and Sundhara. NTC is now testing available 5G devices on the network in Babarmahal and Sundhara, having installed the essential equipment at both locations.
National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter.
National Life has a paid-up capital of Rs. 4.64 Arba and a reserve of Rs. 26.65 crores, according to the unaudited report for the second quarter issued today.
The corporation has a life insurance policy worth Rs. 56.15 Arba and a contingency fund worth Rs. 37.20 crores.
The Net Premium increased by 10.84% to Rs. 7.53 Arba in FY 2079/2080 from Rs. 6.79 Arba in the previous year’s equivalent quarter. The firm earned Rs. 2.12 arba through investment, loans, and other sources. NLICL reports a write-back for potential losses of Rs. 70.53 Lakh for this period.
Ridi Power Company Limited (RIDI) reported a 95.81% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit declined to Rs. 1.96 crores in this quarter from Rs. 46.98 crores in the previous year’s equivalent quarter.
In this quarter, the firm recorded total income of Rs. 18.92 crores, a 71.94% reduction from the previous year’s similar period.
According to management, there has been no substantial change in the organization’s balance, income, or liquidity during this quarter. The operations are carried out in accordance with the company’s business plan. During this quarter period, as the company’s interest climbed, the income decreased, and it is projected that the profit will improve when the interest expenditure reduces in the future days, and the income will improve from the following quarter.
It has a reserve resource of Rs. 50.25 crores and a share capital of Rs 1.10 Arba. For Fiscal Year 2078/79, the corporation additionally proposed 40% bonus shares worth Rs. 44,25,43,200 and a 2.10% cash dividend (including tax) of Rs 2,32,33,518. The firm has capitalized these extra dividends, resulting in an increased paid-up capital of Rs. 1.54 Arba.
Furthermore, the business intends to issue 77,44,506 rights shares (1: 0.50 ratio right shares) to shareholders. Following SEBON clearance, this will be given from the paid-up capital of Rs. 1.54 Arba.
Its annualized earnings per share are Rs 3.56, its net value per share is Rs 145.43, and its P/E ratio is 153.94.
From the 1st through the 15th of Falgun, 2079, Best Finance Company Limited (BFC) will auction 58,429.90 units of ordinary shares and 556,674.57 units of promoter shares.
A total of 615,104.47 unit shares will be auctioned, including 58,429.90 ordinary shares and 556,674.57 promoter shares.Previously, from Bhadra 27 to Kartik 14, 2074, the corporation issued 1:1.3 ratio right shares, i.e. 1,652,850.00 units, to its qualified shareholders. The remaining unclaimed right shares will now be auctioned off beginning January 1st.
The auction is open to all existing promoters, the general public, and institutions. The auction’s minimum bid price is Rs. 100. The minimum bid quantity for promoter shares is 1000 units, whereas the minimum bid quantity for ordinary shares is 100 units. Although bidders may bid for the full issue, they must follow Nepal Rastra Bank’s guideline of not exceeding the specified number of shares per organization.Prabhu Capital has been named auction manager.
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has scheduled its 5th Annual General Meeting on 21st Falgun, 2079. The conference will begin at 11 a.m. that day at the Agantuk Resort in Dhulikhel.
Among the other items on the agenda, the AGM will approve a 50% dividend of Rs. 7.37 crores for fiscal year 2078/79. On Poush 26, the 51st board of directors resolved to issue the dividend on the paid-up capital of Rs. 14.75 crores. There is a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) of Rs 36.87 lakhs.
There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted. The meeting will also examine expanding the authorized, issued, and paid-up capital of the corporation.
The book will be closed on February 5th. As a result, shareholders who held shares prior to that date are entitled to the dividend distribution and are welcome to attend this AGM.
A share is essentially a fraction of a company’s ownership. Purchasing or selling shares entails acquiring or disposing of a portion of the company’s ownership. The stock market, also known as the share market, is a place where you can buy and sell stocks. In order to raise money, public corporations usually sell shares to the public, but the stock market often trades other instruments such as debentures, bonds, and mutual funds.
Dividends are a way for you to get a piece of those companies’ earnings as a shareholder. While share trading is an exciting way to earn money both actively and passively, it is also risky since investors can have to bear the loss if the company fails. As a result, as a novice, it is important that you gain a thorough understanding of the market before investing your money in stocks.
Here is a brief introduction of how you can participate in the game of stock trading.
Opening a dematerialized (DEMAT) account at one of the Depositary Participant (DP) licensed by the Central Depository System and Clearing Limited (CDSC) is a prerequisite to participate in both primary and secondary market. Most commercial banks, merchant bankers and stockbrokers provide such services. If you already own some stocks in your name, then you can give your DP to dematerialize your physical share certificates into dematerialized shares. The DEMAT account is similar to a bank account which debits and credits the shares you sell or purchase. Most DP’s also provide clients with facilities to check their DEMAT account status online as well.
To get started in the stock market, it is essential to first understand how the market functions. Securities Board of Nepal (www.sebon.gov.np); the sole regulator of the capital market is a useful source for primary information. Its website provides information on various securities laws, investor education, and upcoming public issues amongst others. Similarly, the Nepal Stock Exchange (www.nepalstock.com) the sole secondary market; and its mobile-based application is a great source to get hands-on information. There are many other popular websites that provide constant updates about the capital market such as; Share Sansar and Mero Lagani. Furthermore daily national newspapers, websites of merchant bankers and credit rating agency – icranepal.com – also provide good information.
One of the best opportunities to participate in the capital market is to apply for primary offers in the primary market such as; Initial Public Offering (IPO) or Further Public Offering (FPO). Most companies offer primary issues to the general public at face value of NPR 100 per stock, or at a premium based on their valuations. The risk is lower when you purchase in the primary market as you get an opportunity to buy shares at a lower cost as compared to purchasing those shares in the secondary market once they are listed. Also, look out for opportunities to participate in the primary offering of mutual fund schemes which can be a beginning point.
News about primary issues generally comes out in national newspapers and are widely announced on other media platforms. Once you know the primary issues are out, you can read their prospectus to see their detail information such as; past and projected performance, & management amongst others. You can also look at their credit rating provided by a licensed credit rating agency before making the decision to invest.
All the stocks offered via the primary market are listed in the secondary market i.e. Nepal Stock Exchange (NEPSE); currently, there are 231 companies listed in the stock exchange. The secondary market provides the platform to sell the shares you hold or purchase new shares from the market. The share price of these listed companies and the value of NEPSE Index changes every day based on total demand and supply of shares in the market.
If you wish to get involved in the secondary market, you will need to open a transaction account at a stock broker’s office. There are currently 50 stockbrokers licensed by NEPSE while there are a few stock broker offices outside Kathmandu. Once you open an account with a stockbroker, they will provide you with a unique ID code via which all the transactions in your name will be executed.
To make a purchase or sale order you will simply have to call your stock brokers or visit their office to place an order, make sure you have the shares in your DMAT account before you place a sell order to your stockbroker. The stockbroker charges some commission as a brokerage fee for each transaction while you have also have to pay a capital gain tax of 5% if applicable while making sales.
If you are still confused and less confident about entering the market or you do not have time, energy and resources, do not worry as there are a number of professional licensed Portfolio Management Companies providing you with a full range of products and services under Portfolio Management Services (PMS). Based on your investment goals and expectations, these portfolio managers develop portfolios matching your risk appetite and invests in the capital markets on your behalf. The portfolio manager charges minimal annual and performance fees while these services offer you the opportunity to grasp the benefits of the capital markets. Moreover, you can also handover your existing portfolio to these portfolio managers for restructuring and further management.
All in all, as the stock market is constantly evolving and getting technical, retail investors are highly advised to seek professional advice and avoid making investments on herd mentality – invest wisely!