Tag: Share

  • Kalika Laghubitta Promoter Shares Auction Begins Today

    Kalika Laghubitta Promoter Shares Auction Begins Today


    The current owners of Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) are offering 61,000 shares for auction to existing shareholders, starting from December 27, 2080. Among them, Santosh Shrestha plans to sell 56,000 shares, Padam Pani Kafle aims to sell 1,500 shares, and Bimala Sapkota Lamichanne intends to sell 3,500 shares to other existing promoters.

    This auction is exclusively open to current promoters, and they have a 35-day window from the notice date (December 27, 2080) to submit their bids. Interested shareholders must present their bids at the company’s central office in Pokhara.

     

  • WACC of share sold which is less than total shares owned

    WACC of share sold which is less than total shares owned


    I have 100 shares of a company and sold 30 shares only so my holdings ma gayera purai 100 shares kai wacc garne ho??

    View on r/NepalStock by ExtensionEfficient34

  • Should you (as a retail investor) hold HRL share?

    Should you (as a retail investor) hold HRL share?


    POV: A CA Aspirant ( 3rd year).

    Himalayan Reinsurance Limited is a newly listed IPO whose capital is as below:

    1. Promoter : 70,000,000
    2. Public : 30,000,000

    Only the public shares are tradeable atm in the stock exchange. The maximum shares a retailer was allotted was 180 (foreign) and minimum was 10 (general). All the tradeable shares are in the hands of the retail traders.

    Let’s look at the volume trades so far.

    1. 8 Jan 2024 1st day – 30,866
    2. 9 Jan 2024 2nd day- 10,699
    3. 10 Jan 2024 3rd day – 17,000
    4. 11 Jan 2024 4th day – 37,455

    These volumes are small compared to the listed size.

    These all factors indicate that the retailers have the sentiment of ” Hold is gold”. It’s direct competitor is Nepal Reinsurance Company whose LTP is 661.40.

    Further second quarter of FY 2080-81 is about to end and there is a strong probability of lower interest rate from commercial banks that discourages people to save money (even in FDs.). Monetary review might also give favorable environment for stock market as the Government is in need of money and capital gain tax is a great source of revenue.

    Hydropower sector has also signaled the possibility of break through and bull run.

    “Game Stop” stock market is a great example that retail traders can win over institutional investors.

    So I suggest retailers to hold the shares of HRL.

    View on r/NepalStock by Isurugi_Noe

  • Gold Prices Decline for Fourth Consecutive Day

    Gold Prices Decline for Fourth Consecutive Day


    Gold has experienced a consistent decline in value for the past four consecutive trading days. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for pure gold stands at Rs. 1,18,300 per tola. This marks a reduction of Rs. 200 compared to the previous day’s trading value of Rs. 1,18,500 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 1,17,750 per tola, indicating a decrease of Rs. 200 from the previous day’s rate of Rs. 1,17,950 per tola.

     

  • Ghalemdi Hydro Allots Right Shares, Subscription Reaches 70.75%

    Ghalemdi Hydro Allots Right Shares, Subscription Reaches 70.75%


    Ghalemdi Hydro Limited (GHL) recently allocated its right shares at a 1:2 ratio on the 25th of Poush. The shares were distributed to applicants, and those who did not receive an allotment will be refunded starting from the 29th of Poush, 2080.

    During the period from the 10th of Mangsir to the 16th of Poush, 2080, the company issued 1,10,00,000 units of right shares. The book closure date for the rights offering was declared on Kartik 2, allowing investors holding shares before that day to apply for the additional shares.

    Out of the total right shares, 77,82,276 shares were allocated to 28,121 valid applicants. However, 32,17,724 shares (29.25%) remained unclaimed by eligible investors. These remaining shares are set to be auctioned soon, open to the general public and institutions.

     

  • Kisan Laghubitta (KLBSL) Opts Not to Distribute Dividend for FY 79/80

    Kisan Laghubitta (KLBSL) Opts Not to Distribute Dividend for FY 79/80


    Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) has announced the non-distribution of dividends for the Fiscal Year 2079/80. The decision was made during the 127th Board Meeting on Poush 26, 2080. It’s worth noting that this determination is subject to approval from the regulatory authority, Nepal Rastra Bank, and confirmation at the upcoming Annual General Meeting of the company.

    As of the latest update, KLBSL closed at Rs. 785.00.

     

  • Dhaulagiri Laghubitta Bittiya Sanstha Cancels Dividend for FY 2079/80

    Dhaulagiri Laghubitta Bittiya Sanstha Cancels Dividend for FY 2079/80


     

    Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) has recently declared the cancellation of dividend distribution for the Fiscal Year 2079/80. Initially, during the 8th board of directors meeting on Kartik 22, the company had proposed a distribution plan of 14.25% bonus shares and 0.25% cash dividend (for tax purposes) from the paid-up capital, which amounted to Rs. 10.31 crores. However, the company has now decided not to proceed with the dividend distribution, revoking the earlier announcement of bonus shares worth Rs. 1,89,66,750 and a cash dividend for tax purposes amounting to Rs. 9,98,250.

     

  • NEPSE Closes with Minimal 0.03% Loss at 2,088.99; 7 Companies in Positive Circuit

    NEPSE Closes with Minimal 0.03% Loss at 2,088.99; 7 Companies in Positive Circuit


    The Nepal Stock Exchange (NEPSE) Index closed at 2,088.99 points, showing a slight loss of 0.03% from the previous day’s close, which had a gain of 9.50 points. Today’s market opened at 2,091.28, experienced an intraday low of 2,082.49, and reached a high of 2,106.43.

    In the course of today’s trading, 307 different stocks were traded in 79,389 transactions, totaling a volume of 22,132,768 shares and a turnover of Rs. 4.30 Arba. The market capitalization was Rs. 32.81 Kharba, with a float market capitalization of Rs. 11.33 Kharba.

     

  • Gold Prices Drop by Rs. 1,000 in 3 Days in Nepal

    Gold Prices Drop by Rs. 1,000 in 3 Days in Nepal


    Over the span of three days, the price of gold in Nepal has observed a notable decline, amounting to Rs. 1,000 per tola. The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that the current trading rate for fine gold is Rs. 1,18,500 per tola. This marks a decrease of Rs. 100 from the previous day’s trading price of Rs. 1,18,600 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 1,17,950 per tola, reflecting a decline of Rs. 100 from the previous day’s rate of Rs. 1,18,050 per tola. The downward trend in gold prices indicates fluctuations in the precious metal market within a short timeframe.

    Additionally, the price of silver has seen a decrease of Rs. 5 per tola. The current market rate for silver stands at Rs. 1,410 per tola, in contrast to the closing rate of Rs. 1,415 per tola recorded on the preceding day. These fluctuations in precious metal prices may be influenced by various market factors, including global economic conditions and demand-supply dynamics.

  • 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.

  • NEPSE Index Records Increment, Reaching 2,089.62 Points.

    NEPSE Index Records Increment, Reaching 2,089.62 Points.


    The Nepal Stock Exchange (NEPSE) Index recorded a gain of 9.50 points, equivalent to 0.45%, compared to the previous day’s closing, concluding at 2,089.62 points. This follows the previous trading day, which witnessed a notable gain of 20.62 points for the index.

    The market commenced today with an opening index of 2,084.59, hitting an intraday low at 2,084.44, and reaching a peak at 2,116.44 during the trading session. Throughout the day, 301 different stocks were traded in 92,602 transactions, resulting in a total trading volume of 13,477,946 shares and a turnover of Rs. 5.13 Arba. The overall market capitalization stood at Rs. 32.82 Kharba, with a float market capitalization of Rs. 11.33 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in terms of turnover, reaching Rs. 32.78 crores, and closed at a market price of Rs. 527.

    In today’s trading, four companies experienced a positive circuit, indicating upward trends in their stock prices. Conversely, Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) faced the highest loss, declining by 5.95%.

    Analyzing sector indices, only three sectors closed in the red today. The “Others Index” observed the highest gain, rising by 2.21%, while the “Hotel & Tourism Index” recorded a loss of 0.84%. This reflects the dynamic nature of the stock market with varying performances across different sectors.

  • Sanima Bank Lists 1,12,14,103.55 Units of Bonus Shares on NEPSE

    Sanima Bank Lists 1,12,14,103.55 Units of Bonus Shares on NEPSE


    Sanima Bank Limited (SANIMA) has successfully listed 1,12,14,103.55 units of bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 19th Annual General Meeting (AGM) held on 2nd Kartik, 2080, where a dividend of 14.7% for the fiscal year 2079/80 was endorsed. The proposed dividend included 9% bonus shares and a 5.7% cash dividend, calculated from the paid-up capital of Rs. 12.46 Arba.

    The bonus shares, as approved during the AGM, are now officially listed on NEPSE, allowing shareholders to trade and realize the benefits of the bonus issuance. Sanima Bank’s closing price on the stock exchange was Rs. 249.00 as of the last trading session.

    This listing marks a significant development for Sanima Bank, providing additional liquidity and value for its shareholders as they gain access to the newly listed bonus shares on the stock market.