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NLG

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Member
Registered: Jun 2013
Posts: 29
i also liked the ramri keti jee logic no 6, so thinking of not letting go this scrip for now....thank you ramri keti ji for your insight into this matter
Member
Registered: Jun 2013
Posts: 144
I agree with Ramri Keti jee. You have given us a valid logic. Ramre Keti duware afu jasto ramri nai analysis garnu vayacha. I like it.
Moderator
Registered: Jun 2013
Posts: 3823
NLG will provide at least 40% bonus and cash dividend also at FY 2069/70.
Member
Registered: Jun 2013
Posts: 26
good logic ramri keti ji, specially logic number 6.
Member
Registered: Jun 2013
Posts: 98
Reasons the NLG share will be shortage when it will be listed at NEPSe next months is
1. Financially really sound.
2. Management is Damm Good.
3. Insurance Sector price is booming.
4. Declared bonus on first year of IPO issue.
5. Low number of Share available in the market. Majority are hold by institutional investors that we cannot expect to come in market. So there will be shortage of share from very beginning.
6. Since NLG has alloted share to public in very less number. Majority in less then 50 units. At the time of listing people holding 50 units cannot sell share becoz their bonus share become odd lot if they sold. SO technically people holding 50 units share is not possible to come in market before listing. That may take 4-5 monhts.

So i think this NLG price can be shoot up in a near future to come.
Member
Registered: Jun 2013
Posts: 18
Rajendra ji NLG Insurance has earned a net profit of Rs.88.845 million as of 3rd quarter 2069/70. The annualized Earning Per Share (EPS) of the company of the company would stand at Rs.43.87 (calculated after adjusting 20% bonus share after which the paid up capital of the company would be Rs. 270 million). If the company is able to earn better profit than expected we might get higher dividend from the profit of fiscal year 2069/70.





With Regards,
Freak Money
Member
Registered: Jun 2013
Posts: 193
Can we hope about NLG dividend too from facial year 2069/70?
Member
Registered: Jun 2013
Posts: 18
Rachit ji NLG Insurane is conducting its AGM on 21st Ashadh 2070 and closing its book from 1st Asadh 2070 (today). It has proposed 20% bonus share to its shareholders from the profit of fiscal year 2068/69. I think the company will list its shares in NEPSE after its AGM only. The listing price maybe in the range of 200-220 as you have mentioned.

The public shareholders hold 614,250 units [675000-33750{mutual funds}-27000{staffs}] of the company. After 20% bonus share the number of share with public will increase to 737,100 units. In my opinion the price of this script will peak gradually even if it listed after book close because of low number of share with the public and high demand. A large portion of them will hold this script as the company has good prospects in the future. It is among the best in non-life insurance sector. So I don't rule out the possibility of it trading at Rs.300(10%+-). This script is definitely for long term investment.



With Regards,
Freak Money
Member
Registered: Jun 2013
Posts: 20
Thank You Freak Money ji.

I too think it price will open above 250+ for sure under present market circumstances. But if the market (NEPSE) breach 525 levels before the listing of the NLG in the secondary market then i think it may surely open above 300 levels.

But i am also confused whether the company will list the share in the NEPSE, after the book closure of the Proposed Bonus Share (20%) or before that.

If it will list after the book closure then i think 200-220 levels would be the max.

However, the company has granted really good returns to its shareholders which completely justifies the number of over subscription it faced in 4 days of its IPO issue.

I too got allotted 1060 units. Hope to get handsome returns soon.

Please give your views.


Regards,
Rachit
Member
Registered: Jun 2013
Posts: 18
Rachit ji, the proposed 20% bonus share by NLG Insurance is from the profit of fiscal year 2068/69. NLG is among the best performing companies in non-life insurance sector. The company has good prospects in the future.

The listing price could be above 300 (10% +-). However, I think its price will pick up with rise in demand and low number of shares with ordinary public.




With Regards,
Freak Money
Member
Registered: Jun 2013
Posts: 20
Is this proposed 20% bonus share from the profit of 2068/69 fiscal year or ???

If yes, then in current fiscal year 2069/70 too they have a very good prospect to distribute profits, coz their profit growth has grown more than 100% if you see.

Would definitely be a blue chip among non. life insurance companies in the future.

By when its trading will be implemented. And what would be the opening price guys....
Member
Registered: Jun 2013
Posts: 2
NLG insurance ko 20% bonus share only re sir
Asar ko 1 gate dekhi book Close re
listing hunu agadi ani book close
Asar 21 gate AGM
Member
Registered: Jun 2013
Posts: 63
if we look at its profit, i think they will surely provide dividend for the current fiscal year i.e.2069/70..
_______________
:P :shock:
Member
Registered: Jun 2013
Posts: 193
We know that NLG offering 20% bonus share but are they going offer dividend too? What you think?

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