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  • Turtle Trading: Navigating Stock Markets with Disciplined Buying Strategies

    Turtle Trading: Navigating Stock Markets with Disciplined Buying Strategies


    In the ever-evolving landscape of financial markets, characterized by uncertainty, the significance of a well-defined strategy cannot be overstated. The Turtle Trading method, a time-tested strategy known for its systematic approach to capturing market trends, holds a prominent place in this realm. This article delves into the art of Turtle Trading, specifically focusing on its buying strategy and how traders can employ it to navigate the complexities of the stock market.

    Conceptualized by legendary traders Richard Dennis and William Eckhardt in the 1980s, the Turtle Trading strategy revolves around the core principle of trend following. It operates on the premise that markets exhibit discernible trends over time, and by identifying and riding these trends, traders can secure profitable opportunities.

    The buying strategy within Turtle Trading is grounded in disciplined entry rules, position sizing, and risk management. The cornerstone lies in identifying opportune moments to enter the market using the Donchian Channel (DC) indicator, which defines price ranges over a specified period. Entry signals occur when the price breaks out above the highest high of the past “n” days, indicating a potential uptrend.

    Position sizing in Turtle Trading is dynamic, adjusting based on volatility to reflect the inherent risk of the asset being traded. This ensures trades are proportionate to the trader’s account size and market volatility. Stop-loss orders are strategically placed at a predetermined distance from the entry point, guided by recent market volatility, to mitigate potential losses. A trailing-stop-loss strategy is often recommended to lock in profits as the trade progresses.

    The benefits of the Turtle Buying strategy include its systematic approach, the ability to capture trends, and effective risk control. By adhering to predefined rules, traders can eliminate emotional bias, fostering a disciplined approach to trading and potentially yielding substantial profits.

    However, the strategy is not without limitations. Emotional challenges may arise, especially during drawdowns or extended market consolidation. Adhering to strict entry and exit rules requires patience and psychological resilience. Examples illustrated with the NEPSE Index and DORDI showcase the application of Turtle Trading strategies.

    In conclusion, while Turtle Trading offers a structured approach to capturing market trends, it’s crucial to recognize its limitations as a lagging indicator. The Turtle Buying strategy, with its disciplined practices, serves as a guide for traders navigating the stock market. While success is not guaranteed, the principles of Turtle Trading provide a time-tested framework for aspiring traders.

     

  • Thamel Plaza Hotel & Suites Calls 12th AGM with Agendas Including Auditor Appointment and Share Issuance; Credit Watch by CARE Ratings Nepal Limited

    Thamel Plaza Hotel & Suites Calls 12th AGM with Agendas Including Auditor Appointment and Share Issuance; Credit Watch by CARE Ratings Nepal Limited


    Thamel Plaza Hotel & Suites Limited has announced its 12th Annual General Meeting (AGM) scheduled for 7th Chaitra, 2080, at Thamel Plaza Hotel & Suites in Kathmandu, beginning at 4:00 PM. The proposed agenda items encompass the approval of the annual report, endorsement of the auditor’s report for the fiscal year 2079/80, including Profit and Loss statements, financial reports, and cash flow reports. Other topics to be addressed during the AGM include the appointment of auditors and the determination of their remuneration for the upcoming fiscal year 2080/81. Additionally, discussions will take place regarding the issuance of ordinary shares to the general public.

    Meanwhile, CARE Ratings Nepal Limited (CRNL) has placed Thamel Plaza Hotel & Suites Private Limited’s (TPHS) ratings of ‘CARE-NP BB’ for long-term bank facilities and ‘CARE-NP A4’ for short-term bank facilities on ‘credit watch with negative implications’.

    Thamel Plaza Hotel & Suits Limited, incorporated on January 05, 2012, is currently in the process of establishing a high-end hotel property in Thamel, Kathmandu, operating under the well-known brand name ‘Ramada Encore Kathmandu Thamel’. With construction completed, the hotel boasts a total of 90 room keys. TPHS is promoted by 37 shareholders, including two institutional promoters, and has injected a total paid-up equity of Rs. 271 Mn as of July 16, 2019.

  • NAV Reports for Sanima Large Cap Fund, Sanima Equity Fund, and Sanima Growth Fund in Magh

    NAV Reports for Sanima Large Cap Fund, Sanima Equity Fund, and Sanima Growth Fund in Magh


    Sanima Large Cap Fund (SLCF) is a closed-end mutual fund managed by Sanima Capital, associated with Sanima Bank, featuring a 7-year maturity period. With a fund size of Rs. 1.20 arba, SLCF made investments in the month of Magh, allocating Rs. 82.33 crore to listed company shares and Rs. 1.92 crore to public issues, right shares, and bonus shares. The fund also holds Rs. 12 crore in fixed deposits, Rs. 10.28 crore in bonds and debentures, and a bank balance of Rs. 11.67 crores. Reporting a net profit of Rs. 1.69 crores in Magh, there’s a decrease from the previous month’s profit of Rs. 3.73 crores, with the NAV dropping from Rs. 10.09 to Rs. 9.92.

    Sanima Equity Fund (SAEF), another 7-year closed-end mutual fund under Sanima Capital, initiated with a fund size of Rs. 1.30 Arba. In Magh, the fund invested Rs. 1.03 Arba in listed shares and Rs. 2.78 crores in public issues, right shares, and bonus shares. Additionally, it has Rs. 17 crores in fixed deposits, Rs. 10.26 crores in bonds and debentures, and a bank balance of Rs. 10.57 crores. SAEF reported a net loss of Rs. 1.42 crores in Magh, a decrease from the previous month’s net profit of Rs. 1.87 crores, with the NAV declining from Rs. 11.43 to Rs. 11.18.

    Sanima Growth Fund (SAGF), a closed-end fund with an 11-year maturity period, disclosed a fund size of Rs. 67.25 Crores. In Magh, SAGF invested Rs. 43.77 crore in listed shares, Rs. 1.47 crore in public issues, and Rs. 8 crore in fixed deposits. The fund holds Rs. 16.33 crores in the bank and other assets worth Rs. 55.31 lakhs. Reporting a net profit of 4.65 crores in Magh, there’s a decrease from the previous month’s net profit of 5.30 crores, with the NAV decreasing from Rs. 11.06 to Rs. 10.96.

  • Nabil Balanced Fund 2, NBF3, and Nabil Flexi Cap Fund Performance

    Nabil Balanced Fund 2, NBF3, and Nabil Flexi Cap Fund Performance


    The Nabil Balanced Fund 2 (NBF2) is a 10-year closed-end mutual fund scheme, and its Net Asset Value (NAV) report for the month of Magh reveals a decrease in NAV from Rs. 10.31 to Rs. 10.15. Starting with a fund size of Rs. 1.12 Arba, it invested Rs. 88.37 crores in listed company shares, Rs. 1.12 crore in non-listed shares, and Rs. 20.77 crore in listed debentures. Additionally, it holds a bank balance of Rs. 87.68 lakhs. Despite a net profit of Rs. 1.27 crores in Magh, there’s a decline from the previous month’s net profit of Rs. 3.09 crores.

    Another 10-year closed-end fund, Nabil Balanced Fund III (NBF3), started with a fund size of Rs. 1.25 Arba. In Magh, it invested Rs. 85.31 crores in listed shares, Rs. 1.01 crore in non-listed shares, and holds Rs. 7.49 crores in bank deposits. NBF3 reports a net profit of Rs. 2.30 crores in Magh, a positive shift from the previous month’s loss of Rs. 3.58 crores. The NAV for Magh is Rs. 9.33, compared to Rs. 9.43 in the previous month.

    The NAV report for Nabil Flexi Cap Fund (NFCF), an open-end mutual fund scheme without a fixed maturity period, discloses a slight increase in NAV from Rs. 10.31 to Rs. 10.32 in Magh. With a fund size of Rs. 54.17 crores, NFCF invested Rs. 33.17 crores in listed shares, Rs. 2.75 crores in bonds and debentures, and has Rs. 5 crores in fixed deposits and Rs. 15.24 crores in bank balance. The fund reports a net profit of Rs. 2.46 crores in Magh, a marginal rise from the previous month’s profit of Rs. 2.39 crores.

  • Sun Nepal Life Insurance Proposes Dividend and Right Shares

    Sun Nepal Life Insurance Proposes Dividend and Right Shares


     

    Sun Nepal Life Insurance Company Limited (SNLI) plans to distribute a dividend of 25.0526% and offer 27% right shares for the fiscal year 2079/80. Following their 99th Board of Directors meeting on Falgun 11, they’ve decided on a 23.8% bonus share valued at Rs. 76.16 crores and a 1.2526% cash dividend worth Rs. 4.00 Crore (including tax). Additionally, the company aims to issue 27% right shares after accounting for the allocation of 23.8% bonus shares from the current paid-up capital of Rs. 3.20 Arba. This adjustment will raise the paid-up capital to Rs. 3.96 Crores after incorporating the bonus shares.

     

  • Sarbottam Cement IPO Opens Today: Company Performance Analysis

    Sarbottam Cement IPO Opens Today: Company Performance Analysis


    Sarbottam Cement, launched in 2010 as a key product of Saurabh Group, started its operations in February 2014. Based in Neupane Tower, Tinkune, Kathmandu, its factory is situated about 240 km away in Sunwal, Nawalparasi. The company has an authorized capital of Rs 4,000 million and occupies 30 bighas of land. Utilizing advanced European techniques, including the Vertical Roller Mill (VRM), it’s the first in Nepal to reduce energy consumption by up to 50%, making strides in eco-friendly cement production.

     

  • Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited

    Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited


    The current promoter of Kumari Bank Limited (KBL) is offering 97,847 units of shares for auction to existing promoter shareholders starting today. Srijana Sharma is planning to sell these shares to eligible shareholders. Interested parties are invited to submit their bids for the auction within 35 days from the date of this notice, which is the 13th of Falgun.

     

  • Gold Price Surges by Rs. 500/Tola; Silver Gains Rs. 5/Tola

    Gold Price Surges by Rs. 500/Tola; Silver Gains Rs. 5/Tola


    Today, the price of gold has risen by Rs. 500 per tola compared to yesterday’s trading rate. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently being traded at Rs. 1,18,500 per tola, marking a Rs. 500 increase from yesterday’s price of Rs. 1,18,000 per tola. Similarly, Tejabi gold is available today at Rs. 1,17,950 per tola, reflecting a Rs. 500 rise from yesterday’s rate of Rs. 1,17,4500 per tola.

     

  • Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80

    Janautthan Samudayic Laghubitta Shareholders to Receive No Dividends for FY 2079/80


     

    Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB) has declared that it won’t be distributing dividends for the Fiscal Year 2079/80. The decision was made during the 216th Board Meeting held on Falgun 12, 2080. However, it’s crucial to mention that this decision is subject to approval from Nepal Rastra Bank, the regulatory authority, and the upcoming Annual General Meeting of the company.

     

  • Garima Capital Offers Free Demat and Meroshare Accounts to Nepali Investors

    Garima Capital Offers Free Demat and Meroshare Accounts to Nepali Investors


     

    Garima Capital Limited has launched a new program called “Every Nepali Shareholder,” enabling all Nepali citizens to open a Demat and Meroshare account without any charges. You can do this by visiting their main office in Kamalpokhri, Kathmandu, or at branch locations of Garima Bikas Bank Limited and Reliance Finance Limited across Nepal. Alternatively, you can also complete the process online through Garima Capital Limited’s website.

  • Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders

    Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders


    The current promoters of Prabhu Bank Limited (PRVU) have initiated the auctioning of 7,53,892 unit shares exclusively to its existing promoter shareholders, starting today. Eligible shareholders are invited to participate in the bidding process within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids should be submitted at the central office of the bank situated in Babarmahal, Kathmandu. The closing price of PRVU on the previous day was Rs. 149.40.

    Auction Notice for Kumari Bank Limited (KBL):

    The existing promoter of Kumari Bank Limited (KBL), Ram Kumari Paudel, is putting up 4,115 units of shares for auction to fellow promoter shareholders, effective immediately. Eligible shareholders are urged to submit their bids within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids can be submitted at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from existing founder shareholders within the specified timeframe, the shares will be opened for auction to the general public. The closing price of KBL on the previous day was Rs. 145, while KBLPO has a Last Traded Price (LTP) of Rs. 106.00 as of 21st February 2024.

  • Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue

    Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue


    Nepal Investment Mega Bank Limited (NIMB) has recently completed the allotment process for the public offering of the “10% NIMB Debenture 2090” on the 10th of Falgun, 2080. The issuance, which commenced on the 1st of Falgun, concluded on the 4th of Falgun, 2080.

    A total of 40.40 lakh units were made available during the issuance, each having a par value of Rs. 1000. Out of the entire unit allocation, 60%, equivalent to 24.24 lakh units, was designated for subscription through private placement. Meanwhile, the remaining 16.16 lakh units, valued at Rs. 1.61 Arba, were open for public subscription. Additionally, 5%, amounting to 80.80 thousand units, were specifically set aside for mutual funds. The overall funds to be generated from this issuance are expected to total Rs. 4.40 Arba.

    The “10% NIMB Debenture 2090” is aptly named, signifying its nature as a debenture with a maturity period spanning 10 years and a fixed coupon rate of 10%. Prabhu Capital Limited played the role of the issue manager throughout this process.