Tag: Reliable

  • Reliable Nepal Life Insurance (RNLI) Lists 64,00,000 Unit Bonus Shares on NEPSE

    Reliable Nepal Life Insurance (RNLI) Lists 64,00,000 Unit Bonus Shares on NEPSE


    Today, we are excited to share the recent listing of 64,00,000 unit bonus shares of Reliable Nepal Life Insurance Limited (RNLI) on the Nepal Stock Exchange (NEPSE). This development comes after RNLI’s successful 7th annual general meeting held on 29th Magh, 2080, where a significant dividend was endorsed for the fiscal year 2079/80.

    During the annual general meeting, RNLI’s board of directors approved a generous 16.84% dividend for the fiscal year, demonstrating the company’s commitment to rewarding its shareholders. The decision was made during the 126th board of directors meeting on Poush 24, where it was decided to distribute the dividend on the paid-up capital of Rs. 4 Arba. This distribution included 16% bonus shares valued at Rs. 64 crore and 0.84% cash dividend amounting to Rs. 3.36 crore.

    Following this announcement, the same bonus shares have now been officially listed on NEPSE, providing shareholders with increased liquidity and investment opportunities. As of the latest update, RNLI’s Last Traded Price (LTP) stands at Rs. 437.60, reflecting positive market sentiment and investor confidence in the company’s performance and future prospects.

    This listing of bonus shares on NEPSE not only benefits existing shareholders by enhancing the value of their investments but also attracts potential investors looking for promising opportunities in the insurance sector. RNLI’s strong financial performance and strategic decision-making continue to position the company as a reliable and lucrative investment option in Nepal’s dynamic market.

    Stay tuned for more updates on financial news and market trends as we continue to bring you the latest developments shaping the investment landscape.

  • How reliable is ICRA Nepal rating?

    How reliable is ICRA Nepal rating?


    Anyone with long experience can tell the predictive power of ICRA Nepal’s rating? Do those that get low ratings end up with low market price and high rating get high market price?

    View on r/NepalStock by Exact-Intention-9463

  • Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit

    Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit


    Reliable Nepal Life Insurance Limited (RNLI) has recently announced a noteworthy 4.97% increase in its net profit, reaching Rs. 23.09 crore in the current quarter, as opposed to Rs. 22 crore in the corresponding quarter of the previous year. The company, with a paid-up capital of Rs. 4 Arba and a share premium of Rs. 1.75 Arba, has demonstrated financial stability, boasting Rs. 1.23 Arba in retained earnings, Rs. 5.56 Crores in other equity, and Rs. 14.37 Crores in catastrophe reserves. Additionally, RNLI maintains a life insurance fund of Rs. 8.54 Arba.

    Operationally, RNLI has shown resilience with a 1.74% increase in net premiums, totaling Rs. 1.75 Arba in Q2 FY 2080/81 compared to the previous year. The company’s financial acumen is highlighted by its ability to generate Rs. 63.90 Crores from income derived from investments, loans, and other financial activities. However, it’s important to note that there was a 21.85% increase in net claims during the quarter, amounting to Rs. 1.63 Arba.

    Key financial indicators underscore RNLI’s strong performance, with an annualized earnings per share (EPS) of Rs. 11.55, net worth per share of Rs. 179.71, and a P/E ratio of 49.01 times. It’s crucial to acknowledge that final profit in the life insurance sector may vary based on actuarial valuation, in line with industry practices.

    The provided figures indicate a positive trend for RNLI, showcasing its robust financial position, operational efficiency, and strategic investments. The company’s commitment to maintaining reserves and prudent financial management contributes to its overall stability and growth in the competitive insurance sector.

  • 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.

  • Reliable Nepal Life Insurance Limited Proposes Inaugural Dividend of 16.84% for FY 2079/80

    Reliable Nepal Life Insurance Limited Proposes Inaugural Dividend of 16.84% for FY 2079/80


    Reliable Nepal Life Insurance Limited (RNLI) has put forward a proposal for a dividend of 16.84% for the fiscal year 2079/80. This marks a significant move as it represents the company’s inaugural dividend offering. The decision was made during the 126th board of directors meeting held on Poush 24. The proposed dividend will be distributed based on the paid-up capital of the company, which stands at Rs. 4 Arba. The distribution includes 16% bonus shares, equivalent to Rs. 64 crore, and a 0.84% cash dividend, totaling Rs. 3.36 crore. The cash dividend is specifically proposed to cover the tax amount associated with the issuance of bonus shares.

    It’s important to note that the dividend distribution is contingent upon approval from the Nepal Insurance Authority and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). RNLI concluded trading at Rs. 558.00 on the last trading day.

    This dividend proposal reflects the company’s commitment to providing returns to its shareholders and acknowledges the financial performance of Reliable Nepal Life Insurance Limited during the mentioned fiscal year. The final approval and distribution of the dividend will be subject to regulatory and shareholder approval processes.

  • How reliable is Nepsealpha data on PE, EPS, other fundamental indicators?

    How reliable is Nepsealpha data on PE, EPS, other fundamental indicators?


    Nepsealpha seems to have a lot more detailed data for these indicators. Are they reliable? I find that the reported and TTM data don’t match. And reported EPS is often higher than ttm (which doesn’t make sense to me). Have you checked them?

    View on r/NepalStock by Exact-Intention-9463

  • Reliable life insurance ko ipo kata harayo ?

    Reliable life insurance ko ipo kata harayo ?


    12 13 din vaisakyo RLI allocation vako , aile samma dimat ma aaudaina ta aba karobar jhan kaile hune ho , and manakamana ni harayo ta.

    paisa navayera sankatkal lagya bela ma jhan dubaune vaye ta . aba ta ipo varne paisa samet xaina tyo nabechi ta .

    ​

    View on r/NepalStock by Sad_Engineering6298

  • “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”

    “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”


     

    The IPO allotment for Reliable Nepal Life Insurance Limited (RENLICL) has wrapped up today at the Civil Capital Market premises in Sundhara, Kathmandu. The company had offered 9,600,000 IPO shares at a face value of Rs 100 per share, along with a premium of Rs 157, making the total cost per share Rs 257. This opportunity was made available to the general public from the 18th to the 22nd of Shrawan, 2080.

     

  • Last Day to Apply for IPO of Reliable Nepal Life Insurance; Oversubscribed 1.56 Times from 12.55 Lakh Applicants

    Last Day to Apply for IPO of Reliable Nepal Life Insurance; Oversubscribed 1.56 Times from 12.55 Lakh Applicants


     

    Reliable Nepal Life Insurance Limited is wrapping up its offering of 96,00,000 unit shares to the public, which began on August 23, 2080, and is now concluding on August 26, 2080.

    This life insurance company has a total issued capital of Rs. 4 Arba, with 30% (1,20,00,000 unit shares) being made available to the public, including Nepalese citizens abroad and the general public. Within this allocation, 10% (12,00,000 unit shares) were reserved for Nepalese citizens working overseas, while 5% (600,000 units) were set aside for the company’s employees, and another 5% (600,000 units) for mutual funds. The remaining 96,00,000 units are designated for the general public.