Showing posts with label Units. Show all posts
Showing posts with label Units. Show all posts

Sunday, February 19, 2017

How Much to Bid for Agriculture Bank (ADBL) in Auction?

Agricultural Development Bank Limited (ADBL) had issued right shares in the ratio 2:1 from Kartik 3 to Mangsir 7, 2073. In this issue period, 1 in 5 shares was not subscribed by the shareholders. ADBL is auctioning these unsold 19,68,575 units right shares to the general public at a premium price. The main question here lies: how much to bid in the ADBL auction?

At more than 19.68 lakh units shares worth more than Rs 19.68 crore in paid up value, this is the largest auction of unclaimed right shares of any company in Nepal. If the recent trend in cutoff prices of unclaimed right shares is taken into account, ADBL is expected to earn a good Rs 40-50 crores+ in premium.


Basis for bidding on unclaimed right shares
Investors interested in acquiring unclaimed shares normally should bid less than the market price. While there are some who might bid above the current market price, sensible investors always bid less than the market price. The logic here is simple: why spend more money in auction when you can get the same number of shares in the stock market for a lower price?

What does the cutoff price trend show?
Bidders typically look at the market price on the second last day of the auction when establishing base for the bid amount per share. Trend shows that the cutoff price is normally 10-20% less than the market price on the last day.

Let’s take a look at the recent auctions:
Cutoff price for development banks are far lower than for commercial banks. This means that interested bidders might get away with bidding more than 20% lower than the last closing price. The highest difference between market price and cutoff price for a commercial bank was for Prime Commercial Bank at 10.66%.

When Machapuchchhre Bank Limited (MBL) auctioned its 2,33,983.79 units ordinary right share to the general public, its cut off stood at Rs 525. The last trading price of Machapuchchhre Bank, a day before the bid opening day stood at Rs 560.

Likewise, Laxmi Bank Limited (LBL) had auctioned its 186,462 units ordinary right shares to the general public. The cut off price for the auction was set at Rs. 477.60 whereas the last trading price, a day before the bid opening day stood at Rs 517. When Sunrise Bank Limited (SRBL) auctioned its 1,66,248 units ordinary shares, the cut off price stood at Rs 426. The last trading price of shares of Sunrise Bank, a day before the bid opening was at Rs 452.

Less than 10% difference between the cutoff price and last traded price is seen in case of commercial banks.

Will the number of shares and maximum limit make a difference?
ADBL is auctioning 19.68 lakh units shares. In a sense, this can be seen as a mini-IPO or mini-FPO. Further, maximum cap of 10,000 units per application has been set for the auction. In the earlier week, the price of ADBL stock was also declining.

How much to bid?
The auction closes on Falgun 12 (February 23, 2017). It will be sensible to bid around 10-15% less than the last traded price of ADBL on Falgun 11. For example, if the closing price of ADBL on Falgun 11 will be Rs 450, it is recommended to bid around Rs 380 to Rs 400. Similarly, if the closing price of ADBL on Falgun 11 will be Rs 400, we can bid around Rs 340 to Rs 360.

Source: sharesansar

Tuesday, January 3, 2017

NLIC Financial State - FPO Applications for Shares Min. 10 to Max 30,960 Units.

Nepal Life Insurance Co. Ltd. (NLIC) is going to issue 30,96,429 units ordinary shares by Further Public Offering (FPO) at premium price of Rs. 1425 from 2073-09-27 (January 11, 2017).

NLIC has got the final approval from Securities Board of Nepal (SEBON) to float its FPO on 2073-09-14 (December 29, 2016) after it had amended its FPO price previously set at Rs. 2,951. The issue manager is assigned to Siddhartha Capital Ltd for it.




Source: epaper

Friday, November 4, 2016

यदि तपाई धितोपत्रमा लगानी गर्दै हुनुहुन्छ भने लगानी गर्नु अघि निम्न कुराहरुमा ध्यान दिनुहोस् ।

यदि तपाई धितोपत्र (सेयर, ऋणपत्र, सामूहिक लगानी योजनाको ईकाई आदि) मा लगानी गर्दै हुनुहुन्छ भने लगानी गर्नु अघि निम्न कुराहरुमा विशेष ध्यान दिनुहोस् ।

१. धितोपत्र बजारमा समय समयमा उतारचढाव आउन सक्ने भएकोले धितोपत्रमा लगानी गर्दा उपयुक्त सूचना लिई संयमित तथा विवेकशील भएर मात्र लगानीको निर्णय लिनुहोस् ।

२. धितोपत्रमा गरिने लगानीमा प्रतिफल तथा जोखिम दुवै हुने हुँदा हल्ला, अनावश्यक प्रचार प्रसार वा कसैको बहकाउमा नलागी बजार तथा कम्पनीको बास्तविक बस्तुस्थिति बुझेर आफ्नो स्वविवेकमा नै लगानी सम्बन्धी निर्णय गर्नुहोस् । साथै आफ्नो जोखिम बहन गर्न सक्ने क्षमताको मूल्याकंन समेत गर्नुहोस् ।



Tuesday, October 25, 2016

एनएमबी हाइब्रिड फण्ड एल वानको ईकाई बाँडफाँड हुँदै, कसले कति पाउला ?

एनएमबी हाइब्रिड फण्ड एल १ का ईकाईहरु मंगलबार साँझ बाँडफाँड हुँदैछ । एनएमबी क्यापिटल परिसरमा बुधबार साँझ सवा ५ बजे ईकाई बाँडफाँड हुँदैछ । ४ गुणा बढी आवेदन परेको ईकाईका सबै आवेदकले (आबेदन रद्ध भएका बाहेक) अनिवार्य रुपमा ईकाई पाउने छन् ।



Source: merolagani

Friday, October 14, 2016

बदलिँदो परिस्थितिबाट सेयर बजारमा यसरी लाभ लिनुहोस् ।

सेयर बजार उचालिएर माथि पुगेको बेला नयाँ लगानीकर्ताको प्रबेश जोखिमपूर्ण हुन्छ । तर जब बजार हदैसम्म घटेर तल आएको हुन्छ यस्तो बेलामा नयाँ लगानीकर्ताहरु प्रबेश गर्नु सुरक्षित हुन्छ । अहिले पनि नयाँ लगानीकर्ताको लागि पुरै सुरक्षित त छैनन् तर सेयर मूल्य तल आएका, लाभांश दिनसक्ने खालका, मूल्य आम्दानी अनुपात २० भन्दा कम भएका, केही तोकिएका कम्पनीहरुको हकमा साना लगानीकर्ताको प्रबेश सुरक्षित छ । सामुहिक लगानी कोषको ईकाई दोस्रो बजारबाट किन्दा पनि सुरक्षित नै छ ।


Source: arthatantra

Saturday, September 24, 2016

एक अर्बको नबिल ईक्विटी फण्डमा अन्तिम दिनसम्ममा कति पर्यो आबेदन ?

नबिल बैंकको सहायक कम्पनी नबिल ईन्भेष्टमेन्ट बैंकिड. लिमिटेडले निश्काशन गरेको नबिल इक्विटी फन्डमा आगामी दिनमा सामुहिक लगानी कोषको ईकाई बिक्रीमा ल्याउन चाहने कम्पनीहरुलाई ब्यापक मात्रामा उत्साहित पार्ने गरी आबेदन परेको छ । यसअघिका सामुहिक लगानी कोषका ईकाईहरुमा खासै धेरै आबेदन नपर्ने गरेको रेकर्ड हेर्दा एक अर्बको नबिल ईक्विटी फण्डमा ६ गुणा भन्दा बढी रकमको आबेदन पर्नुलाई रेकर्ड ब्रेक मान्नुपर्छ ।




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