Kathmandu. At one time, when the market was in a bull run, the shares of NIC Asia Bank were very popular. Not only the bulls of 2020, but also the sideways market and the bear market, Yes Bank’s shares attracted a lot of attention. At that time, the bank’s share price had reached more than Rs 1,000 and the beer was also up to Rs 800. But now the same share has fallen to Rs 314.
{{TAG_OPEN_p_11} Investments made in the belief that ‘the bank will do well’ are now limited to only one-third. In the meantime, the bank has not been able to give much to the shareholders.
‘Gai Bien, Tharo Bho, Motaen’
Once upon a time, NIC Asia Bank was compared to ‘Laino Gai’. The bank was expected to pay a good dividend every year. But the situation deteriorated so much that neither the bank could pay dividend nor the share price could rise.
Shareholders who have been investing in “good companies” for a long time are now surprised by the price.
According to Thursday’s trading, the bank’s share price fell to Rs 314, the lowest in the last three years. Those who once invested Rs 700 to Rs 900 are now completely incurring losses. That’s why some investors have started to mock the bank as ‘cow bien, tharo bho, fatten’.
According to experts, the bank is not in a position to pay dividends to investors for the next few years.TAG_OPEN_p_8 The bank’s profit is low and the distributable profit is in the minus. Investors are hoping that the ‘right share’ will come, but there is confusion about when it will come or not. Overall, the shareholders of NIC Asia Bank are badly trapped.
The lack of proper leadership and arbitrary investments have left the bank in shambles. Now the bank is in a vicious circle, from which it is not clear when it will come out.
