Cash Dividend Rs. 560 per share: Uniliver Nepal

The BOD meeting of the company dated 15/09/2010 has recommended distribution of Rs. 560 per share as final dividend out of the profit available for appropriation during the year.

BOD has also approved distribution of Rs. 500 as Interim Dividend per share out of the aforementioned final dividend of Rs. 560 per share for the year 2066/67 post certification of the audited annual accounts for the year by the statutory auditors.

Source:
nepalstock.com

Announcements

Book Closure for Interim Cash Dividend: Unilever Nepal Ltd

Unilever Nepal Ltd has issued book closure notice for interim cash dividend from 23 September to 1 October 2010 (2067 Ashwin 7 to 15). 

Upcoming 26th AGM: NABIL

Nabil Bank Ltd has announced its upcoming 26th annual general meeting to be held on 11 October 2010 (2067 Ashwin 25).  

Up coming 1st AGM: Bright Dev Bank

Bright Development Bank Ltd has announced its upcoming 1st annual general meeting to be held on 9 October 2010 (2067 Ashwin 23).

RTS Appoionted: Siddhartha Development Bank Ltd

Siddhartha Development Bank Ltd has appointed Growmore Merchant Banker Ltd as Registrar to Share.

Book Closure For Right Share: Nirdhan Utthan Bank Ltd.

Nirdhan Utthan Bank Ltd. has announced its book closing date for 2:1 right share on 24 Sep 2010 (2067 Ashwin 8).

Longest nosedive yet for secondary market

Himalayan News Service
KATHMANDU: As expected, the books closing of financial institutions dragged Nepse down to the lowest yet in 2009.All key market propellors commercial banks, development banks, financial institutions and hydropower companies lost this week to pull Nepse by a whopping 55.61 points to 614.79 points from Sunday morning’s opening of 660.40 points.
The hotels sub-group that did not see its shares traded while manufacturing sub-group gained by 4.41 points to reach 438.35 points from Sunday morning’s opening of 433.94 points.
Unilever Nepal Ltd’s 10-unit shares that were traded at Rs 4,346 per unit making it dearer by Rs 85 per unit pushed up the manufacturing sub-group by 4.41 points.Unilever Nepal has recommended Rs 450 cash dividend Rs 400 normal dividend and Rs 50 as commemorative dividend on the occasion of the completion of its 15 years of commercial production in Nepal from the profit of the last fiscal year when it registered a RS 2625.8 million turnover. The company also posted Rs 444 million net profit (after tax). It registered Rs 482.29 Earning Per Share (EPS) and 64 per cent Return on Equity (RoE) in the fiscal year 2008-09.
Though the week started in the green, gaining 2.17 points to 662.57 points on Sunday, it plunged by a whopping 55.61 points during the week.
Currently, banks and financial instituions dominate the secondary market and two institutions Standard Chartered bank Nepal and Nabil Bank are dominant players in the movement of Nepse, putting the secondary market under ‘concentration’ risk. Nabil Bank’s books closing on Tuesday dragged Nepse down by 27.42 points but the bank topped the chart in terms of transaction amount with Rs 67.83 million. Standard Chartered Bank Nepal followed with Rs 58.42 million, and Bank of Kathmandu (with Rs 36.49 million), Standard Finance (with Rs 34.99 million) and Nepal SBI Bank (with Rs 18.36 million) managed to come in the top five slot, respectively. In terms of number of share units traded, Standard Finance topped the chart with 1,35,000-unit shares changing hands while in terms of number of transactions Citizens’ Bank International topped the chart with 407 transactions.
The transaction amount increased by 40.08 per cent to Rs 483.89 million against last week’s fall of 32.63 per cent. Group-A companies contributed 70.71 per cent as against last week’s 67.75 per cent whereas the 78-scrip sensitive index a barometer of Group-A companies lost a hefty 16.20 points to drop to 157.42 points.
The float index calculated on the basis of real transactions also slid down by 5.14 points to drop to 58.53 points from Sunday morning’s opening of 63.67 points.

Unilever dividend could not push Nepse up

Himalayan News Service
KATHMANDU: Cash dividends of Unilever Nepal Ltd could not spread cheer in the domestic market as the banking sub-group dragged Nepse down by 27.42 points today to 630.11 points.
The banking sub-group lost 47.2 points to drop to 626.31 points due to major banks, especially Nabil Bank, losing heavily. Due to books closure Nabil’s shares dropped by Rs 1,599 per unit or over 38 per cent, forcing Nepse to suspend its transaction.
Nabil’s 340-unit shares traded between Rs 2,652 and Rs 2,600. Yesterday, they closed at Rs 4,251 per unit.“This is a market price correction to reflect the dividend and bonus shares that Nabil has proposed following the delivery of an unprecedented profit of Rs 1.03 billion in the last fiscal year,” said Anil Shah, chief executive officer of Nabil Bank. Every investor, who owned shares of Nabil till that closing will receive 50 per cent bonus shares (one share for every two) and a cash dividend of 35 per cent (Rs 35 per share). “When the market opened this morning, it was known that those who purchased shares from today forward would not receive the bonus shares or cash dividend,” he said adding that therefore the market to a large extent adjusted the price of the shares.
He also promised to continue to deliver unprecedented shareholder value in the years ahead in order to protect blue chip investment in Nepse.Currently, banks and financial instituions dominate the secondary market and two institutions — Standard Chartered bank Nepal and Nabil Bank — with the highest share prices are playing a determining role in the movement of Nepse. “However, with the increase in the number of listed financial institutions and the depth of trading in the market this ‘concentration’ risk will diminish over time,” Shah hoped.
Meanwhile, Unilever Nepal Ltd’s 96th Board of Directors (BoD) meeting recommended Rs 450 cash dividend — Rs 400 normal dividend and Rs 50 as commemorative dividend on the occasion of completion of its 15 years of commercial production in Nepal — from the profit of the last fiscal year. The company had a turnover of Rs 2625.8 million in 2008-09. It has posted Rs 444 million net profit (after deducting tax).
Unilever’s BoD meeting at the company head office in Mumbai yesterday approved the audited annual accounts of the company for the fiscal year 2008-09. It also approved distibution of Rs 325 as Interim Dividend per share out of the cash dividend of Rs 450 per share post certification of the audited annual accounts for the fiscal year by statutory auditors.