NLIC is trading at Rs. 582. I am quite confused about whether to invest in NLIC because its eps is (-4.30) and pe is (-135.43) according to(nepsealpha). This company never had negative eps what happened to NLIC?
View on r/NepalStock by Snoo_88433
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Is it a good time to invest in the Nepal Life Insurance Company(NLIC)?
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Daily Discussion Thread (Monday – Oct 31, 2022)
NlicL would be a good option. If u buy now, 15% bonus would also be urs.
The company’s earnings did not justify the way in which dividends were distributed a few years ago. The number of shares increased due to hefty bonus shares, but earnings fell, lowering their EPS. Their expenses are now greater than their earnings, resulting in a negative EPS.
The scrip already corrected more than 60% from its 52-week high. Still, I believe you should wait and watch, analyze a few quarters’ results and see whether fundamentals are improving, and decide whether to take positions.
If I were you, I would not buy NLIC.
I am waiting for it to drop below 500. Then i will start buying.