Tag: Valley

  • 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.

     

  • 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.

  • Upper Tamakoshi Hydropower Limited Initiates Auction for Unclaimed Right Shares

    Upper Tamakoshi Hydropower Limited Initiates Auction for Unclaimed Right Shares


    Upper Tamakoshi Hydropower Limited (UPPER) is currently conducting an auction for its unclaimed right shares, which commenced on the 13th of Poush and is scheduled to conclude on the 29th of Poush, 2080. The auction involves 1,70,19,530 units of ordinary right shares, representing the remaining portion of the rights offering issued by the company. The rights offering, in a 1:1 ratio, occurred between the 18th of Bhadra and the 22nd of Ashwin, 2080, where a total of 105,900,000 shares were issued. Eligible shareholders were allotted 8,88,80,470 shares, leaving 1,70,19,530 shares unclaimed. The ongoing auction is managed by Sunrise Capital Limited.

    The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units and a maximum bid quantity of 5,00,000 units. After the adjustment of the proposed right share, UPPER’s paid-up capital will increase to Rs. 21.18 Arba.

    In its recent financial report for the first quarter of the fiscal year 2080/81, UPPER reported a net profit of Rs. 1.00 Arba, resulting in an annualized earnings per share of Rs. 25.20. The net worth of the company stands at Rs. 60.97, with Rs. 73.01 Arba in long-term loans and Rs. 3.04 Arba in short-term loans.

    Upper Tamakoshi Hydropower Limited closed at Rs. 198 per share on January 9th, with a 52-week high of Rs. 590 and a low of Rs. 190. Established in 2007 by the Nepal Electricity Authority, UPPER is a key player in the hydropower sector, focusing on the Upper Tamakoshi Hydroelectric Project.

    The decision to issue 100% right shares aims to strengthen UPPER’s financial position amid challenges faced during the construction of the Upper Tamakoshi Hydroelectric Project. Unforeseen circumstances and a prolonged construction period led to increased costs, prompting the issuance of right shares to address rising interest expenses. The issuance was approved during the 14th Annual General Meeting in 2079, aligning with the company’s commitment to financial restructuring and stability.

    The construction phase of the project initially had a loan-to-equity ratio of 70% to 30%, but the evolving financial landscape and increased costs necessitated a shift in this ratio. The proposed right shares will contribute to stabilizing the company’s financial health and facilitate further growth opportunities. UPPER aims to fulfill its financial requirements, ensuring it remains well-positioned to navigate future challenges and contribute significantly to Nepal’s energy sector.

    Regarding the company’s capital across fiscal years, after the adjustment of 100% right shares, UPPER’s authorized capital for 2080/81 stands at Rs. 30 Arba, with issued and paid-up capital also at Rs. 21.18 Arba. The Mathillo Tamakoshi Jalbidhyut Yojana, a run-of-river type project, is the flagship project with a maximum output of 456 MW.

    The management team, led by CEO Mr. Mohan Prasad Gautam, oversees various aspects of the company’s operations. The board of directors plays a crucial role in guiding UPPER’s strategic decisions.

    In conclusion, UPPER’s move to issue 100% right shares presents an opportunity for investors to acquire shares at a lower price. The ongoing auction of unclaimed right shares provides investors with a chance to participate and potentially enhance returns. Existing shareholders can consider averaging their cost price through this opportunity.

  • Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares

    Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares


    The current promoter of Machhapuchchhre Bank Limited (MBL) has initiated the auction of 1,12,32,492 units of shares, commencing today. Surendra Mahato, the promoter, is set to sell this significant portion, representing approximately 18.95% of the total promoter shares or 51% ownership in MBL. In the context of the total 11.62 Crore units of shares listed on the Nepal Stock Exchange (NEPSE), the shares being auctioned constitute around 9.66% of the total shares. This auction is anticipated to draw the interest of investors and could potentially impact the ownership structure of MBL.

    Eligibility for participation in the auction is limited to qualified interested promoter shareholders, the general public, and institutions. The bidding period spans from the 25th of Poush to the 2nd of Magh, 2080. The minimum bid rate set for this auction is Rs. 115, with a minimum bid quantity of 10,00,000 units for promoter shares. Interested shareholders are required to submit their bids at Machhapuchchhre Capital Limited, situated at Baghdurbar, JDA Complex, Kathmandu.

    As of the most recent data, MBL closed at Rs. 197.80 on the preceding day. Additionally, MBLPO (Machhapuchchhre Bank Limited Promoter Share) has a Last Traded Price (LTP) of Rs. 136.00 as of May 10, 2023.