Cash Dividend: ILFC

The BOD meeting of the company dated 2067/05/28 has decided to give 6.84% (5% dividend after tax net 6.5%) cash dividend subject to approval from NRB and its upcoming AGM.

Source:
nepalstock.com

Weekly Update

Nepal Stock Exchange tumbles this week primarily weighed by book closure on Himalayan Bank and International Leasing & Finance Company. Likewise, political collide led investor's worry to new height and rigid rules and regulation on stock market dampened the outlook to the ground. Taking into account of all the disappointing news, the benchmark Nepse index slump to more than 30 months low to 534.32 points down 27.79 points or 5 percent.

"Book closure of many companies have diminished the Nepse index to this level along with other key off-putting news and still there are key companies to close its book and lots of awful happening in near term, hence Nepse index will pull back to ground level in near term" said, Bijay Kumar Shrestha, an investors in the stock market.

There was strong wind behind the banking index that dropped 36.67 points or 6.80 percent to 502.19 at the closing session of week in comparison to Sunday's close. Similarly, finance index slump down 30.45 points or 5.12 percent to close at 564.63. ILFC (Rs. 219, -54.38%) turn out to be the biggest decliner on price adjustment after book closure date followed by Standard Finance (STFL, Rs. 237, -8.85) and Reliable Finance (RIBSL, Rs. 640, -8.57%). Development bank edge down 34.46 points or 5.52 percent to 589.93 fronted by loss in scrip price of Clean Energy Development Bank (CEDBL, 660, -8.97%), Vibor Bikash Bank (VBBL, Rs. 348, -7.69%) and so on. Hydro was down 9.58 points or 1.18 percent, insurance rolled down 15.76 points while others diminished 7.04 and trading plummets 10.02 points.

Stock analyst believed that "New floating of shares in the form of right share, bonus share and initial public offering amid chaotic political and economical environment has haunted the stock market growth."

Hefty decline in scrip price of most of the financial companies triggered domestic blue chips or sensitive index to close at 131.51 subtracting 9.16 points or 6.52 percent. Sensex is heavily loaded with financial companies as 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies are included in sensitive index. Similarly, float Index an indicator of performance of ordinary shares in the market rolled down 2.58 points to 50.96.

Total of 91 companies registered their presence in the secondary market over this week. Losers overshadowed the market as 52 companies lost their price and only 12 companies advanced. All in all 562048 shares traded over the week for Rs. 276,846,822 turnovers along with Rs. 1,997,955.71 million market capitalizations.

ILFC Closing its Book for 1:2.1 Right Share

International Leasing and Fin. Co. Ltd. is having its book close for a day on 24th November 2009 (2066 Mangsir 9) for the purpose of issuing 1:2.1 right share.

The BOD meeting of International Leasing and Finacne Co. Ltd. held on Bhadra 17, 2009 (2 September, 2009) had also decided to provide 26.32% cash dividend from the profit of fiscal year 2065/66. The dividend of the company will be distributed to shareholders after approval from NRB and upcoming AGM of the company.

According to the fourth quarterly financial report of the bank, it had earned Rs. 223.774 million net profits and Rs. 81.641 millions as operating profit. It has Rs. 648 million as paid up capital and Rs. 125.304 million in reserve and surplus account.

Source: 
Jamb News Service

Cash dividend of ILFC

The BOD meeting of International Leasing and Finance Co. Ltd. held on Bhadra 17, 2009 (2 September, 2009) has decided to provide 26.32% cash dividend from the profit of fiscal year 2065/66. The dividend of the company will be distributed to shareholders after approval from NRB and upcoming AGM of the company.According to the fourth quarterly financial report of the bank, it had earned Rs. 223.774 million net profits and Rs. 81.641 millions as operating profit. It has Rs. 648 million as paid up capital and Rs. 125.304 million in reserve and surplus account. (Source: Jamb News Service)