Tag: shows

  • Citizen Life Insurance (CLI) Posts 2.73% Increase in Q2 Net Profit, Revealing Robust Financial Performance

    Citizen Life Insurance (CLI) Posts 2.73% Increase in Q2 Net Profit, Revealing Robust Financial Performance


    In the second quarter of the fiscal year 2080/2081, Citizen Life Insurance Company Limited (CLI) demonstrated positive financial performance, marked by a 2.73% increase in net profit. The net profit rose from Rs. 12.36 crores to Rs. 12.03 crores when compared to the corresponding quarter of the previous year.

    Citizen Life’s financial position revealed a robust structure, featuring a paid-up capital of Rs. 3.75 Arba and a share premium of Rs. 1.55 Arba. Additionally, the company holds significant amounts in retained earnings (Rs. 68.95 crore), other equity (Rs. 65.12 crore), and catastrophe reserves (Rs. 14.96 crore).

    During the second quarter of FY 2080/81, Citizen Life experienced a notable 4.23% increase in net premium, reaching Rs. 2.57 Arba compared to the previous year. The company generated Rs. 74.08 crores from income derived from investments, loans, and other financial activities. However, there was an 18.21% increase in net claims, reaching Rs. 2.6 Arba in the same quarter of the fiscal year 2080/2081.

    Key financial indicators for CLI include an annualized earnings per share (EPS) of Rs. 6.60 and a net worth per share of Rs. 181.13. Notably, the company’s stock traded at a price-to-earnings (P/E) multiple of 71.72 times, indicating investor confidence in its performance.

  • How do I report this TMS bug? Same stock shows its being purchased twice.

    How do I report this TMS bug? Same stock shows its being purchased twice.


    Hi, I’m new to investing. For my initial investment, I put up a collateral of 20k and spent 19k on purchasing Nabil and HIDCL stocks. But, despite the purchase receipt showing that I only bought 19k worth of stock, the TMS indicates that I bought both stocks twice(38k), and I ended up utilizing more than my collateral.
    I’m not sure what to do. I called my broker Naasa Securities and they asked me to try adding more collateral. Now my amount is unbalanced.
    Where can I report this bug? And how can I resolve it?

    View on r/NepalStock by fuse_activist

  • “CMF1 Leads with 9.05% Monthly Gain; NEPSE and Mutual Funds Show Annual Increase of 4.36% and 0.93%.”

    “CMF1 Leads with 9.05% Monthly Gain; NEPSE and Mutual Funds Show Annual Increase of 4.36% and 0.93%.”


     

    Currently, there are 34 closed-end mutual funds listed on the Nepal Stock Exchange (NEPSE), and 7 open-end schemes are directly traded with their respective fund managers. Among them, the Citizens Super 30 Mutual Fund (30CSMF) has issued its units to the public but is not yet listed for trading on NEPSE. Once it is listed, the total number of schemes will reach 42.

     

  • Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest

    Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest


    Ghorahi Cement Industry Limited, a company in Nepal, has recently issued an Initial Public Offering (IPO) to the general public. The IPO consists of 69,11,670 unit shares priced at Rs 435 per unit, including a premium of Rs 335. The offer opened on 32nd Jestha, 2080 and is scheduled to close on 4th Ashad, with a possible extension until 14th Ashad if it is not fully subscribed.

    The allocation of shares includes 20% for project-affected locals, 606,350 units for Nepalese citizens working abroad, 328,961 units for mutual funds, and 19,530 units for company employees. The remaining 69,11,670 units are available for the general public. The IPO is expected to generate Rs. 3.44 Arba for the company, with Rs 2.65 Arba as the premium amount and the rest contributing to the paid-up capital.

    The IPO has garnered significant interest from investors, as the number of applications received so far has surpassed the available shares. According to CDSC, 288,456 applicants have applied for a total of 98,02,460 units, resulting in an oversubscription of 1.42 times.

    Himalayan Capital Limited and Nabil Investment Banking Limited have been appointed as the issue managers for the IPO. The application process allows a minimum of 10 units and a maximum of 10,00,000 units to be applied for.

    CARE Ratings Nepal Limited has assigned a rating of `CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited. This rating signifies a moderate degree of safety in terms of the company’s ability to meet its financial obligations in a timely manner.

    Overall, the IPO of Ghorahi Cement Industry Limited has attracted significant investor interest, surpassing expectations and demonstrating confidence in the company’s prospects.