Tuesday, October 31, 2017

How Worthy to Buy NHPC Share at Rs. 126? Check its Q1 report !

National Hydro Power Company Ltd. (NHPC) has reported decline its net profit by 54.97% in the first quarter (Q1) of the current fiscal year FY 2074/75.



ShareUpdateNepal: October 31st 2017

Saturday, October 21, 2017

यसरी शुरु भयो नेवार समुदायको मौलिक पर्व म्हः पूजा !

कला संस्कृतिको धनी नेवार समुदाय वर्षभरि विभिन्न चाड मनाउने क्रममा देवीदेवताको पूजा त गर्छन् नै उनीहरु विभिन्न जीवजन्तुको समेत पूजा गर्दछन् । चाडपर्वलाई मौलिक संस्कृतिका रुपमा विकास गर्न सिपालु नेवार समुदायले घण्टाकर्णमा राक्षसको पूजा गर्दछन् भने गुन्हुपुन्ही अर्थात् जनैपूर्णिमामा भ्यागुताको पूजा गर्दछन् ।


यतिखेर नेपाली समाज तिहारमय भएको छ । सबैलाई लक्ष्मी पूजा र भाइटीकाका लागि आवश्यक सामग्री जोहो गर्न भ्याइनभ्याइ भएको अवस्थामा नेवार समुदायलाई भने आज म्हः पूजा अर्थात् शरीर पूजाको तयारीको समेत चटारो परेको छ ।

म्हः पूजाको शाब्दिक अर्थ शरीर पूजा हो । तिहारको चौथो दिन नेवार समुदायले आआफ्नो शरीर पूजा गर्दै म्हः पूजा पर्व मनाउने गर्दछन् । यस दिन नेवार समुदायले नेपाल संवत्को नयाँ वर्षका रुपमा समेत मनाउँदै आइरहेका छन् ।

म्हः पूजाका लागि सबैभन्दा पहिले मण्डप बनाउनु पर्दछ । मण्डप बनाउँदा तेलको घेरा, पीठो, अक्षता, लावा, मास र कालो भटमास लगायतको प्रयोग गरिन्छ । मण्डप तयार भइसकेपछि घरको मूलीदेखि लस्करै मण्डप अघि घरपरिवारका सबै सदस्य बस्नुपर्दछ ।


Friday, October 20, 2017

Festive Relief to Shareholders as RSDC Microfinance Extends Deadline for Its 200% Right Share Application!

RSDC Laghubitta Bittiya Sanstha Ltd. (RSDC), on account of long Dashain as well as Tihar festive occasion, has just extended its ongoing 200% (1:2) right share issue deadline to several days up to 15 days after Tihar, now ending only on Monday November 6th 2017 (Kartik 20th 2074) instead otherwise ending immediately after Tihar on Sunday October 22nd 2017 (Kartik 5th 2074) earlier. There are now about 13 banking days to get 200% RSDC right shares at the face value of just Rs. 100. The microfinance has been issuing 23 lakhs units of right shares worth a total of Rs. 23 crores to its existing shareholders since Monday September 18th 2017 (Ashwin 2nd 2047).


The book closure date for the rights issue was set on Friday September 1st 2017 (Bhadra 16th 2074). Only those shares registered one trading day ahead of the book closure date i.e. till Thursday August 31st 2017 (Bhadra 15th 2074) are eligible to apply for these right shares. RSDC has assigned NIBL Capital Market Ltd. as the issue manager for this right share issue.


The current paid up capital of this company remains at Rs. 11 crores 50 thousands. After this right share issuance, its paid up capital will reach Rs 34 crores 50 thousands. RSDC has an authorized capital of Rs. 34 crores 50 thousands.

All interested applicants can collect the application forms from NIBL Capital Market Ltd, Lazimpat, Kathmandu as well as RSDC microfinance office, Kalikanagar -12, Butawal, Rupandehi. Similarly, one can also apply from the designated branch offices of Nepal Investment Bank, Chaabahil, Kirtipur, Jawalakhel, Kaushaltaar inside the Kathmandu valley and all the branch offices outside the valley, as well as ACE Capital Ltd., Laldarbaar, Kathmandu.


The company's 3rd AGM held earlier this year on Saturday March 25th 2017 (Chaitra 12th 2073) had endorsed 15% bonus share to its existing shareholders from the profits it earned in Fiscal Year (FY) 2072/073 and current issuance of this 200% right shares to its shareholders to increase its paid up capital to Rs. 60 crores by end of next Asadh 2075.

RSDC has earned a net profit of Rs. 1 crore 96 lakhs 87 thousands in the fourth quarter of the FY 2073/074. Its earning per share (EPS) is currently maintained at Rs.17 and 12 paisa. Its last trading price in the market on this wednesday was Rs. 1,330 per share.

Below are LINKS for its Right Eligibility Check, Form Download, Book Closure and Old Deadline as well as NEW EXTENDED DEADLINE Notices:






Below are LINKS for its FY 2073/74 Financial Report, Company Analysis, Right Share NoticeAbhwanpatra as well as Prospectus and 3rd AGM Report






Check this earlier post too:

Thursday, October 19, 2017

नेपाल संवत् विशेष: नेपालको मौलिक संवत् ।

नेपाल संवत् धेरैजसो नेवारहरुको मात्र संवत् हो भन्ने कतिपय नेवार र गैरनेवारहरूमा परेको छ । यो कुरा अशिक्षीत वर्गमा मात्र नभएर सचेत वर्गमा पनि त्यत्तिकै देखिन्छ । नेपाल संवत्को आन्दोलन, अभियान र परम्परामा नेवारहरु मात्र लागेको देखेर पनि भनिएको हुनुपर्छ ।



Thursday, October 5, 2017

No Panic ! 80% Right Shares of Sindhu Bikas Bank (SINDU) Deadline Extended !!

Deadline to apply for 80% (10:8) right share of Sindhu Bikas Bank (SINDU) is just extended to not merely a single day, but several days up to after Tihar, now ending only on Sunday October 22nd 2017. You have now about 11 banking days to get your 80% SINDU right shares at the face value of just Rs. 100. The bank has been issuing 20 lakhs 97 thousands 5 hundred 40 units right shares at the face value of Rs. 100 worth a total of Rs. 20 crores 97 lakhs 54 thousand to its existing shareholders since Sunday September 3rd 2017.



The book closure date was already set for Friday August 25th 2017. Only those shares traded one day ahead of the book closure date i.e. Thursday August 24th, 2017 are eligible for the right shares. For this 80% right share, its adjusted price is Rs. 2 hundred and 22 while its average base price is Rs. 288.

Click the table to enlarge and download in pdf format.

SINDU received on Thursday June 29th 2017 the final approval from the Securities Board of Nepal (SEBON) to issue this right shares. Last year, the development bank had issued 1:1 (100%) right shares worth a total of 12 lakhs 9 thousand 3 hundred and 75 unit right shares to its existing shareholders on Sunday August 7th 2017.

NIBL Capital Markets Ltd. has been assigned as the issue and sales manager for this issue.



Interested shareholders can collect the application forms from NIBL Capital Markets Ltd, Lazimpat, Kathmandu and from the main office of Sindhu Bikas Bank Ltd. and its various branch offices round the country. The application forms can also be collected from Nepal Investment Bank’s Pokhara, Biratnagar, Birgunj, Narayangadh, Butawal, Nepalgunj and Dhangadhi branches.

The bank has published its current paid up capital Rs. 26 croes 21 lakhs 92 thousand and 50 in the fourth quarter (4Q) of the current fiscal year 2073/74. During this period, the bank has collected Rs. 5 crores 82 lakhs and 97 thousands in its reserve and surplus account. The bank successfully earned a net profit of Rs. 2 crores 55 lakhs and 50 thousand as well. It also has maintained its earning per share as Rs. 13 and its net worth per share Rs. 1 hundred 22 and 23 paisa.

From the bank's earning in the previous fiscal year 2073/74, it has distributed its shareholders 16.8% bonus shares and 0.88% cash dividend for tax purpose. After that bonus distribution and this 80% right share issue, its paid up capital will reach Rs. 47.19 crores.

As per Nepal Rashtra Bank (NRB)’s directive for all 1 to 3 district level development banks to increase their paid up capital to a minimum of Rs. 50 crores by the end of FY 2073/74, SINDU will need to issue a further capital hike of around 6%.

Its latest closing price stood at Rs. 1 hundred 84 as of Wednesday October 4th 2017.

Below are LINKS for its Right Eligibility Check, Form DownloadBook Closure and Old Deadline as well as NEW EXTENDED DEADLINE Notices:





Below are LINKS for its FY 2073/74 Financial Report, Company AnalysisRight Share Notice and Abhwanpatra:





Check this earlier post too:

Tuesday, October 3, 2017

How to Apply Today for Support Microfinance (SUPPORT) IPO Using Online ASBA Service (Step-by-Step Process of Global IME Bank Online ASBA)

SEBON had compulsorily implemented Applications Supported by Blocked Amount (ASBA) system from Shrawan 1, 2074 for public issues (IPO/FPO) and Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) is the next company issuing its IPO from full ASBA services all over Nepal today Wednesday October 4th 2017. Global IME Bank (GBIME), like several other banks, has come up with online ASBA service registration of application for share with the aim to provide easy and efficient services to its customers.

ShareUpdateNepal

The customers can use ASBA services from either mobile banking or internet banking service without being presented at the bank and also at zero cost for the applications of IPO, FPO and Mutual Funds.



Applicants having account in Global IME Bank can apply IPO of Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) through online service for registration of application.

Here is a step-by-step process to apply for the Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) IPO using the online ASBA system:

STEP 1: Open Global IME Internet Banking by clicking on the link below.



STEP 2: Position the cursor at ASBA ONLINE at top right corner as shown.


STEP 3: Click login after entering your online banking username and password as shown.


STEP 4: You will have 'Share Application Form' to enter your information details as shown as shown.

List of available public offerings along with details on the apply button of the
public offering for application submission.


STEP 5: Complete the upper portion of the form with your information into the fields as shown.

Note at the bottom the 'available balance' of your account !

STEP 6: Scroll down and complete the bottom portion of the form with your information into the fields as shown.

Read the terms and conditions in the box at the bottom,
check the circle to mark your agreement and then
click 'Apply' in the red box at the bottom.
STEP 7: Click 'Confirm' (or 'Edit' if incorrect) for share conformation as shown.


STEP 8: You will get a dialog box from the Global IME Bank on your screen displaying that 'A code has been sent to your registered mobile number' in green box with details as shown.


STEP 9: Enter into the 'OTP' box the 6 digit code sent to your registered mobile number and hit 'Submit' in the red box at the bottom as shown.


STEP 10: If everything goes well, you will get a 'Customer Verification' dialog box displaying 'Your account details has been verified successfully.', then hit the 'Submit Form' in the red box at the bottom as shown.


STEP 11: You will then be offered 'ASBA Receipt' dialog box with the 'PDF' icon link, click it to download your receipt as shown.


STEP 12: Finally, save the pdf ASBA receipt for your future reference as shown.


That is it! You are done!! Hope this helps & Good Luck!!!

ShareUpdateNepal: Wednesday October 4th 2017

Support Microfinance IPO Starting from Tomorrow, How is the Company?

Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) is issuing 1,80,000 unit ordinary shares of its Initial Public Offering (IPO) worth Rs 1.80 crores (Rs. 18 million) to the general public starting immediately from tomorrow Wednesday October 4th 2017. The microfinance company received the approval from Securities Board of Nepal (SEBON) for issuing this IPO two months ago on Friday August 4th 2017.


The offering of the shares at worth rate Rs. 100 per unit is open initially only for 4 banking days and will close on as early as next week Monday October 9th 2014 if all shares are sold, or the closing date is extendible maximum up to next month Thursday November 2nd, 2017.

Interested investors must apply for a minimum of 50 units of this share and a maximum of up to 900 units of the share.

The microfinance company has set aside 3,600 unit shares (2%) for its employees and 9000 unit shares (5%) for the existing 11 mutual fund companies. The company is floating 1,67,400 unit shares to the general public alone.

The issue and sales manager for this IPO share is NMB Capital Ltd. in Nagpokhari, Kathmandu.

Since SEBON has made Applications Supported by Blocked Amount (ASBA) mandatory starting from mid August 2017, all the interested applicants can collect ASBA forms from all ASBA-approved banks around the nation and submit the completed forms accordingly. One can also make paperless application directly online through the participating banks as well.

The microfinance company is aiming to raise Rs. 1.80 crores through this offering. After the IPO allotment, its paid up capital will reach Rs. 6 crores from its current Rs. 4.20 crores. Its authorized capital stands at Rs. 15 crores. After this IPO sale, the promoter to public ratio of the company will be maintained 7:3 (70% by 30%).

In the fourth quarter (Q4) of the fiscal year 2073/74, Support Microfinance has earned Rs. 48.04 lakhs, with a net profit rising to Rs 48.04 lakhs from a loss of Rs. 27.49 lakhs in the corresponding time of the previous fiscal year 2072/73. It has made a profit growth of 274.75%, with its net interest income rising from Rs. 36.50 lakhs in the previous quarter to Rs. 2.65 crores in the current 4Q. It has a current reserve of Rs. 21.31 lakhs in Q4 that surges by 162.09% from its previous reserve of Rs. 34.32 lakhs.

Its non-performing loan (NPL) stands at 0.82% in Q4 from 0.38% and CD ratio at 354.93%. Its earning per share (EPS) stands Rs. 11.44 and net worth per share at Rs. 105.07.

At present, the microfinance is providing its services in 10 various districts, including, Panchthar, Tehrathum, Dhankuta, Sunsari, Bhojpur, Khotang, Udaypur, Sindhuli, Ramechhap and Makwanpur.

Provided below are Click Links for its Recent 4Q Financial Report, Company AnalysisIPO Issue Notice and Announcement Notice.






ShareUpdateNepal: Tuesday October 3rd, 2017.

Sunday, October 1, 2017

Chaos and Hackers Stalk Investors on Cryptocurrency Exchanges !

Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent.

Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months later the exchange collapsed; the man behind it is now awaiting trial in Britain on fraud and money-laundering charges. He has pleaded not guilty.

Wasyluk's project lost 750 bitcoins, currently worth about $3 million, and he believes he stands little chance of recovering any money.

"It really was kind of a kneecapping of the project," said Wasyluk of the collapse three years ago. "If you are starting an exchange and you lose clients' money, you or your company should be 100 percent accountable for that loss. And right now there is nothing like that in place."






Source: MSN Money

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