Saturday, August 13, 2016
SEBON publishes guidelines regarding FPO price fixation
Securities Board of Nepal has issued a press statement regarding the process and fundamentals before issuing Further Public Offering (FPO). A committee was formed by the Board to manage, maintain transparency and retain uniformity in the price fixation of FPO .Any listed companies in NEPSE can issue FPO.As per the decision of the committee on Shrawan 25, 2073, the committee has fixed following decisions regarding FPO price fixation:
Unilever Nepal shareholders to get Rs1020 per share dividend; AGM on Ashwin 5; LTP stood Rs 33,780
Unilever Nepal Limited (UNL) has announced dividend of Rs. 1020 per share on equity shares of Rs. 100 each to its shareholders.
As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 28, 2073 proposed cash dividend of Rs. 1020 per share to its shareholders from the net profit it earned in the last fiscal year 2072/73.
The decision is subjected to approval from company’s upcoming Annual General Meeting (AGM) which is going to be held on Ashwin 5, 2073.
Unilever is the highest dividend distributing companies in Nepal among all the listed companies and also the most expensive share in secondary market of Nepal.
Earlier, The company had distributed Rs 990 per share cash dividend to its shareholders from the net profit earned in the fiscal year 2071/72.
The last traded price of the company stands at Rs 33,780 as of August 10, 2016 in NEPSE.
It is a subsidiary company of the Hindustan Unilever Company which owns an 80% stake in the company and rest 20% is owned by the general public of Nepal.
As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 28, 2073 proposed cash dividend of Rs. 1020 per share to its shareholders from the net profit it earned in the last fiscal year 2072/73.
The decision is subjected to approval from company’s upcoming Annual General Meeting (AGM) which is going to be held on Ashwin 5, 2073.
Unilever is the highest dividend distributing companies in Nepal among all the listed companies and also the most expensive share in secondary market of Nepal.
Earlier, The company had distributed Rs 990 per share cash dividend to its shareholders from the net profit earned in the fiscal year 2071/72.
The last traded price of the company stands at Rs 33,780 as of August 10, 2016 in NEPSE.
It is a subsidiary company of the Hindustan Unilever Company which owns an 80% stake in the company and rest 20% is owned by the general public of Nepal.
Thursday, August 11, 2016
Mega Bank issuing 81.01 lakh unit Right Share from today; closes on Bhadra 29
Mega Bank Nepal Limited (MEGA) is issuing 4:1 (25%) right shares to its existing shareholders from today (Shrawan 27, 2073).
The rights issue will close on Bhadra 29, 2073.
Mega Bank is issuing a total of 81, 01,438 unit right shares at the face value of Rs 100.
The book closure date for 25% right issues was set for Shrawan 10, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 9, 2073 are eligible for the right shares.
Global IME Capital Limited has been assigned as the issue manager for the right issue.
Interested shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal, Kathmandu and all branch offices of Mega Bank
After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 4.05 arba from existing Rs 3.24 arba . The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 51:49 ratio.
Its last trade price (LTP) stood at Rs 514 as on August 10, 2016.
Mega Bank has earned net profit of Rs 55.20 crore in the fourth quarter of the fiscal year 2072/73.
The bank has 44 branches, 53 Branchless Banking outlets, 45 Mega ATM Counters, 1400 Mega Remittance Centers and one extension counter.
The rights issue will close on Bhadra 29, 2073.
Mega Bank is issuing a total of 81, 01,438 unit right shares at the face value of Rs 100.
The book closure date for 25% right issues was set for Shrawan 10, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 9, 2073 are eligible for the right shares.
Global IME Capital Limited has been assigned as the issue manager for the right issue.
Interested shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal, Kathmandu and all branch offices of Mega Bank
After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 4.05 arba from existing Rs 3.24 arba . The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 51:49 ratio.
Its last trade price (LTP) stood at Rs 514 as on August 10, 2016.
Mega Bank has earned net profit of Rs 55.20 crore in the fourth quarter of the fiscal year 2072/73.
The bank has 44 branches, 53 Branchless Banking outlets, 45 Mega ATM Counters, 1400 Mega Remittance Centers and one extension counter.
Laxmi Value Fund 25% cash dividend book closure on Bhadra 1; Only 4 trading days left
Laxmi Value Fund-1 (LVF-1) has published book closure date for 25% cash dividend to its unit holders.
As per the notice published on NEPSE, the register of unitholders of Laxmi Value Fund-1 will remain close on Bhadra 1, 2073 for the purpose of distributing 25% cash dividend to their unitholders. Only the shares registered one day ahead of the book closure date i.e. Shrawan 32, 2073 will be eligible for the dividend.
LVF-1, a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has been steadily growing. Its Net Asset Value (NAV) has risen to Rs 15.38 by the end of Ashad.
The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 53.78 crore in the shares of listed companies and Rs 43.25 lakh in public issues. The scheme has invested in 467.462 unit shares in 48 listed companies.
Its Last Traded Price (LTP) stood at Rs 16.80 at NEPSE on August 10, 2016.
As per the notice published on NEPSE, the register of unitholders of Laxmi Value Fund-1 will remain close on Bhadra 1, 2073 for the purpose of distributing 25% cash dividend to their unitholders. Only the shares registered one day ahead of the book closure date i.e. Shrawan 32, 2073 will be eligible for the dividend.
LVF-1, a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has been steadily growing. Its Net Asset Value (NAV) has risen to Rs 15.38 by the end of Ashad.
The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 53.78 crore in the shares of listed companies and Rs 43.25 lakh in public issues. The scheme has invested in 467.462 unit shares in 48 listed companies.
Its Last Traded Price (LTP) stood at Rs 16.80 at NEPSE on August 10, 2016.
Prime Bank Limited Issuing Right Share from Bhadra 12, 2073
Prime Bank to issue 1.23 crore unit right shares from Bhadra 12; Paid up capital to reach Rs 4.93 arba
Prime Commercial Bank Limited (PCBL) will be issuing 3:1 (33.33%) right shares to its existing shareholders from Bhadra 12, 2073.
According to the notice published by the commercial bank today, the rights issue will remain open for 35 days before closing on Ashoj 16, 2073.
Prime Commercial Bank will be issuing a total 1, 23, 50, 874 unit right shares at the face value of Rs 100.
The book closure date for 33% right issue has been set for Shrawan 19, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 18, 2073 will be eligible for the right shares.
Civil Capital Markets Limited has been assigned as the issue manager for the right issue.
Shareholders can collect the application forms from Civil Capital Market Limited, Kamaladi, Kathmandu and from central and all branch offices of Prime Commercial Bank.
PCBL has earned net profit of Rs 1.12 arba in the fourth quarter of the current fiscal year 2072/73. It’s paid up capital remains at Rs 3.70 arba. After issuance of 33.33 percent right share, the paid up capital will reach Rs 4.93 arba.
Prime Commercial Bank has recently signed an agreement to acquire Biratlaxmi Bikas Bank Limited (BLDBL) and Country Development Bank Limited (CNDBL).
Its last traded price stood (LTP) at Rs 670 as on August 10, 2016.
Prime Commercial Bank Limited (PCBL) will be issuing 3:1 (33.33%) right shares to its existing shareholders from Bhadra 12, 2073.
According to the notice published by the commercial bank today, the rights issue will remain open for 35 days before closing on Ashoj 16, 2073.
Prime Commercial Bank will be issuing a total 1, 23, 50, 874 unit right shares at the face value of Rs 100.
The book closure date for 33% right issue has been set for Shrawan 19, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 18, 2073 will be eligible for the right shares.
Civil Capital Markets Limited has been assigned as the issue manager for the right issue.
Shareholders can collect the application forms from Civil Capital Market Limited, Kamaladi, Kathmandu and from central and all branch offices of Prime Commercial Bank.
PCBL has earned net profit of Rs 1.12 arba in the fourth quarter of the current fiscal year 2072/73. It’s paid up capital remains at Rs 3.70 arba. After issuance of 33.33 percent right share, the paid up capital will reach Rs 4.93 arba.
Prime Commercial Bank has recently signed an agreement to acquire Biratlaxmi Bikas Bank Limited (BLDBL) and Country Development Bank Limited (CNDBL).
Its last traded price stood (LTP) at Rs 670 as on August 10, 2016.
Wednesday, August 10, 2016
Shikhar Insurance reserve rises by whopping 269.33% to Rs 45.94 crore in Q4; Policy holder grew to 2.28 lakh
Shikhar Insurance Company Limited (SICL) has reported a profit growth of 41.27 percent in the fourth quarter of the last fiscal year 2072/73.
According to the unaudited financial report for the fourth quarter the non-life insurer has published today, its net profit increases to Rs. 31.02 crore in fourth quarter as compared to Rs. 21.96 crore in the corresponding quarter of the last fiscal year 2071/72.
The company’s net earnings from premium grew to Rs 1.02 arba in Q4 from Rs. 64.37 crore in the same quarter last year.
The insurance company has paid up capital of Rs 50.98 crore and has Rs 46.11 crore in Insurance fund.
The positive aspect of Shikhar’s financial report for the fourth quarter is that its reserve fund has reached Rs 45.94 crore, up from Rs. 12.44 crore in the previous fiscal year. The reserve fund of the company increased by 269.33%
The company has collected huge amount in insurance premium which helps for increment in net profit. As shikhar insurance had issued FPO at Rs 550 premium price which help to increase its reserve.
SICL policy holder has drastically increased to 2.28 lakh in Q4 from 1.55 lakhreported in the same period of last year.
Its earning per share (EPS) stand at Rs 64.06, Price Earning (P/E) ratio is at 53.4 times and net worth per share at Rs. 282.61.
Nepal Stock Trading- NEPSE BOUNCES BACK
Kathmandu, Aug 9 : The Nepal Stock Exchange (Nepse) index jumped up 84.51 points on Tuesday.
On Tuesday, Nepse imposed the circuit breaker, just an hour into the trading.
As the market plunged, Sebon on Monday was forced to issue two statements. In its first statement, investors were requested to calm down and not to lose confidence.
On Monday, Nepse index fell by whopping 89 points, the highest single-day loss as the market succumbed under a strong selling pressure.
#KarobarDaily.com
On Tuesday, Nepse imposed the circuit breaker, just an hour into the trading.
As the market plunged, Sebon on Monday was forced to issue two statements. In its first statement, investors were requested to calm down and not to lose confidence.
On Monday, Nepse index fell by whopping 89 points, the highest single-day loss as the market succumbed under a strong selling pressure.
#KarobarDaily.com
Mega Bank Q4 earning surges tremendously by 59.41 % to Rs 55.20 cr; NPL drops by 0.79%
Mega Bank Limited (MEGA) has posted a net profit rise of 59.41 percent in the fourth quarter (Q4) of last fiscal year 2072/73.
As per the unaudited quarterly report for the fourth quarter today, the commercial bank has registered a net profit of Rs. 55.20 crore in the fourth quarter of last fiscal year 2072/73, up from Rs. 34.62 crore in the corresponding quarter of fiscal year 2071/72.
The profit is attributable to its core business as its net interest income surged from Rs. 1.12 arba in the previous year to Rs. 89.06 crore in previous year report.
The write back of provision for possible losses has increased to Rs13.65 crore from Rs 3.12 crore as compared to the Q4 of last fiscal year. The higher write back and net interest income has propelled increase in the net profit of MEGA.
Mega Bank has a paid up capital of Rs. 3.24 arba and a reserve of Rs.96.74 crore at present.
Mega has collected Rs.31 arba in deposits and has extended Rs 27.35 arba in loans in the fourth quarter of 2072/73 as compared to Rs. 21.13 arba in deposit and Rs.17.54 arba in loans in the corresponding quarter of fiscal year 2071/72.
The bank’s non-performing loan decline to 0.79 percent in Q4 from 1.75 percent in corresponding quarter Its CD ratio stands at 79.48 percent.
Its annualized earning per share (EPS) stand at Rs. 17.04, net worth per share is at Rs.129.85 and price earnings ratio (P/E) at 33.17 times.
As per the unaudited quarterly report for the fourth quarter today, the commercial bank has registered a net profit of Rs. 55.20 crore in the fourth quarter of last fiscal year 2072/73, up from Rs. 34.62 crore in the corresponding quarter of fiscal year 2071/72.
The profit is attributable to its core business as its net interest income surged from Rs. 1.12 arba in the previous year to Rs. 89.06 crore in previous year report.
The write back of provision for possible losses has increased to Rs13.65 crore from Rs 3.12 crore as compared to the Q4 of last fiscal year. The higher write back and net interest income has propelled increase in the net profit of MEGA.
Mega Bank has a paid up capital of Rs. 3.24 arba and a reserve of Rs.96.74 crore at present.
Mega has collected Rs.31 arba in deposits and has extended Rs 27.35 arba in loans in the fourth quarter of 2072/73 as compared to Rs. 21.13 arba in deposit and Rs.17.54 arba in loans in the corresponding quarter of fiscal year 2071/72.
The bank’s non-performing loan decline to 0.79 percent in Q4 from 1.75 percent in corresponding quarter Its CD ratio stands at 79.48 percent.
Its annualized earning per share (EPS) stand at Rs. 17.04, net worth per share is at Rs.129.85 and price earnings ratio (P/E) at 33.17 times.
First Microfinance declares 15% Stock Dividend; Paid up capital to reach Rs 26.45 crore
First Microfinance Development Bank Limited (FMDBL) has announced 15 percent stock dividend and 0.79 cash dividend for tax purpose to its shareholders.
As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 25, 2073 proposed 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73.
The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM).
Last year, FMDBL had distributed 15% bonus share to its shareholders from the profit it made in 2071/72 FY.
First Microfinance has earned net profit of Rs 5.44 crore in the fourth quarter of the fiscal year 2072/73 .It’s paid up capital stands at Rs 23 crore and after the issuance of 15% bonus share the paid up capital will rise to Rs 26.45 crore.
As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 25, 2073 proposed 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73.
The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM).
Last year, FMDBL had distributed 15% bonus share to its shareholders from the profit it made in 2071/72 FY.
First Microfinance has earned net profit of Rs 5.44 crore in the fourth quarter of the fiscal year 2072/73 .It’s paid up capital stands at Rs 23 crore and after the issuance of 15% bonus share the paid up capital will rise to Rs 26.45 crore.
Api Power Company earns Rs 8.08 cr from net loss of Rs 66.67 lakh in Q4; income from power sales Rs 10.58 cr
Api Power Company Limited (API) has posted net profit of Rs 8.08 crore in the fourth quarter of the last fiscal year 2072/73.
According to the unaudited quarterly report published by the company today, it stated that its net profit after income tax has increased to Rs 8.08 crore in fourth quarter from net loss of Rs 66.67 lakh in the corresponding quarter of the previous fiscal year.
API made an income of Rs 10.58 crore, from selling electricity, in Q4.Meanwhile, its income from other sources advanced to Rs 1.61 crore from Rs 10.81 lakh in the current quarter.
The company’s total operating expenses has surged to Rs 1.21 crore in Q4 from Rs 58.93 lakh in the corresponding quarter of the previous fiscal year.
Its reserve fund increased to Rs 6.71 crore in Q4 of the current quarter from negative of Rs 1.36 crore in the corresponding quarter of FY 2071/72.
Investment of the hydropower company increased to Rs 14.54 crore in this quarter from Rs 1.01 crore of investment in the previous year corresponding quarter. Its share capital remains at Rs 1 arba.
Its earning per share (EPS) stands at Rs 8.08, net worth per share at Rs 106.72 and P/E ratio remains at 104.3 times.
According to the unaudited quarterly report published by the company today, it stated that its net profit after income tax has increased to Rs 8.08 crore in fourth quarter from net loss of Rs 66.67 lakh in the corresponding quarter of the previous fiscal year.
API made an income of Rs 10.58 crore, from selling electricity, in Q4.Meanwhile, its income from other sources advanced to Rs 1.61 crore from Rs 10.81 lakh in the current quarter.
The company’s total operating expenses has surged to Rs 1.21 crore in Q4 from Rs 58.93 lakh in the corresponding quarter of the previous fiscal year.
Its reserve fund increased to Rs 6.71 crore in Q4 of the current quarter from negative of Rs 1.36 crore in the corresponding quarter of FY 2071/72.
Investment of the hydropower company increased to Rs 14.54 crore in this quarter from Rs 1.01 crore of investment in the previous year corresponding quarter. Its share capital remains at Rs 1 arba.
Its earning per share (EPS) stands at Rs 8.08, net worth per share at Rs 106.72 and P/E ratio remains at 104.3 times.
Machhapuchchhre , Agricultural Dev Bank & 4 other companies bonus & right share listed;2 BFIs converts 27.56 lakh unit promoter shares
Nepal Stock Exchange Limited (NEPSE) has listed 1, 47, 23, 725 units bonus share and 10, 00, 000 units right shares of 6 Bank and Financial Institutions (BFIs) today (Shrawan 26, 2073) for trading. Now the investors holding bonus and right share share of these six companies can sell their shares.
Also Kasthamandap and International Development Bank have converted 27, 56, 473 units promoter share into ordinary share leaving promoter public ratio at 51:49.
53,30, 400 units bonus share of Machhapuchchhre Bank Ltd. has been listed for trading.
51,36, 000 units bonus share of Agricultural Development Bank Ltd. has now been listed for trading.
4,05, 000 units bonus share and 10,00,000 units right share of Innovative Development Bank Ltd. has now been listed for trading.
17,87, 846 units bonus share of Fewa Bikas Bank Ltd. has now been listed for trading.
4,89, 479 units bonus share of Kaski Finance Ltd. has now been listed for trading.
15, 75, 000 units bonus share of Citizen Investment Trust has now been listed for trading.
12,91,801 units promoter share of Kasthamandap Development Bank Ltd. has now been converted into ordinary share leaving promoter public share ratio 51:49
14,64,672 units promoter share of International Development Bank Ltd. has now been converted into ordinary share leaving promoter public share ratio 51:49.
Also Kasthamandap and International Development Bank have converted 27, 56, 473 units promoter share into ordinary share leaving promoter public ratio at 51:49.
Listing of bonus shares of Machhapuchchhre Bank Ltd.
53,30, 400 units bonus share of Machhapuchchhre Bank Ltd. has been listed for trading.
Listing of bonus shares of Agricultural Development Bank Ltd.
51,36, 000 units bonus share of Agricultural Development Bank Ltd. has now been listed for trading.
Listing of bonus shares and right share of Innovative Development Bank Ltd.
4,05, 000 units bonus share and 10,00,000 units right share of Innovative Development Bank Ltd. has now been listed for trading.
Listing of bonus shares of Fewa Bikas Bank Ltd.
17,87, 846 units bonus share of Fewa Bikas Bank Ltd. has now been listed for trading.
Listing of bonus shares of Kaski Finance Ltd.
4,89, 479 units bonus share of Kaski Finance Ltd. has now been listed for trading.
Listing of bonus shares of Citizen Investment Trust Ltd.
15, 75, 000 units bonus share of Citizen Investment Trust has now been listed for trading.
Conversion of shares of Kasthamandap Development Bank Limited
12,91,801 units promoter share of Kasthamandap Development Bank Ltd. has now been converted into ordinary share leaving promoter public share ratio 51:49
Conversion of shares of International Development Bank Limited
14,64,672 units promoter share of International Development Bank Ltd. has now been converted into ordinary share leaving promoter public share ratio 51:49.
Mahalaxmi Finance nominated for ‘Best Enterprise’ & ‘Manager of the Year’ award
Europe Business Assembly, a reputed organization of UK has nominated Mahalaxmi Finance Limited for ‘Best Enterprises’ and Mr Ramesh Kumar Bhattarai, Chief Executive Officer (CEO) of Mahalaxmi Finance Company for ‘Manager of the Year’ award. The awarded will be provided in European Award program which is going to be organized at Cannes, France on October 7, 2016. .
Mr Bhattarai has been serving the finance company as for the past 14 years. He is General Manager as well as Chief Executive Office of the finance company.
Mahalaxmi Finance Company Limited was established on 2052 BS. The finance company has been able to provide dividends for past 19 years.
The finance company is undergoing merger process with Malika Bikas Bank and Siddhartha Finance. The merged entity will start its operation as Mahalaxmi Bikas Bank, a national level development bank by Bhadra 2073.
The finance company has paid up capital of Rs 48.3 crore and it has earned net profit of Rs 10.2 crore in fourth quarter of the fiscal year 2072/73.
#Source: ShareSansar.com
Mr Bhattarai has been serving the finance company as for the past 14 years. He is General Manager as well as Chief Executive Office of the finance company.
Mahalaxmi Finance Company Limited was established on 2052 BS. The finance company has been able to provide dividends for past 19 years.
The finance company is undergoing merger process with Malika Bikas Bank and Siddhartha Finance. The merged entity will start its operation as Mahalaxmi Bikas Bank, a national level development bank by Bhadra 2073.
The finance company has paid up capital of Rs 48.3 crore and it has earned net profit of Rs 10.2 crore in fourth quarter of the fiscal year 2072/73.
#Source: ShareSansar.com
Market up by 19.15 points to close at 1779.57 levels with turnover of Rs 2.02 arba; 7 BFIs hit circuit break
The benchmark index at Nepal Stock Exchange Limited (NEPSE) went up by 19.15 points or 1.09% to close at 1779.57 points.
Opening at 1763.12 points this morning, the local bourse went down to 1743.10 point in first trading hour after that it was seen in upward trend.
Corresponding to the yesterday movement, market has bounced again aiming a new high for the index in days to come.
Janata Bank Nepal Limited, Tourism Development Bank Limited, Sewa Bikas Bank Limited, Yeti Development Limited, Jebils Finance Limited, Hamro Bikas Bank Limited and Fewa Bikas Bank Limited hit circuit break today.
The total turnover of the day stood above Rs 2.02 arba where more than 35.81 lakh unit shares were traded through 9,852 transactions.
Sensitive index and the float index went up by 4.39 points and 1.35 points respectively.
Except Hotel and Hydropower, all sectors landed in green. Insurance surges by 180.47 points.
Opening at 1763.12 points this morning, the local bourse went down to 1743.10 point in first trading hour after that it was seen in upward trend.
Corresponding to the yesterday movement, market has bounced again aiming a new high for the index in days to come.
Janata Bank Nepal Limited, Tourism Development Bank Limited, Sewa Bikas Bank Limited, Yeti Development Limited, Jebils Finance Limited, Hamro Bikas Bank Limited and Fewa Bikas Bank Limited hit circuit break today.
The total turnover of the day stood above Rs 2.02 arba where more than 35.81 lakh unit shares were traded through 9,852 transactions.
Sensitive index and the float index went up by 4.39 points and 1.35 points respectively.
Except Hotel and Hydropower, all sectors landed in green. Insurance surges by 180.47 points.
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