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NIC at sub 40
Sober
#1 Posted : Monday, July 18, 2011 4:11:24 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
how low are we going to sink?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
selah
#2 Posted : Monday, July 18, 2011 4:14:40 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Sober wrote:
how low are we going to sink?



I had missed it when it was sub 40 but I am waiting it down there...this is gem I would like to own.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
FUNKY
#3 Posted : Monday, July 18, 2011 4:17:02 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
guys wat about NBK...its trading at 29.50/-,i guess thats a good buy even?
mwanahisa
#4 Posted : Monday, July 18, 2011 4:21:27 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Sober wrote:
how low are we going to sink?

@Sober, Did you not say you sold all of yours at 40 on Friday (which I bought presumably from you). So, I am guessing you are not at all sorry to be seeing it trade at 50 cts below Friday's price.

I will give it another couple of days before I add onto my position. I bet it will not fall too far from the current position. Note that the number of shared traded reduced quite dramatically.

This is one solid mid-tier bank with deep pocketed shareholders.
dunkang
#5 Posted : Monday, July 18, 2011 4:48:11 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
I don't know much about this stock, but i know its a must buy! All the time a bonus is in the offing, the price is never shaken at all!
Receive with simplicity everything that happens to you.” ― Rashi

mwanahisa
#6 Posted : Monday, July 18, 2011 4:51:36 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
dunkang wrote:
I don't know much about this stock, but i know its a must buy! All the time a bonus is in the offing, the price is never shaken at all!


Contradiction eh no? But I am with you.
the deal
#7 Posted : Monday, July 18, 2011 5:06:20 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
dunkang wrote:
I don't know much about this stock, but i know its a must buy! All the time a bonus is in the offing, the price is never shaken at all!

Not knowing what you are doing will just lead to yout fingers getting roasted.
dunkang
#8 Posted : Monday, July 18, 2011 5:06:24 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
@mwanahisa, truly i don't know who owns majority stake, the directors, fundamentals etc, but i know it can earn some good money looking at the historical share prices and bonuses behaviours!
Receive with simplicity everything that happens to you.” ― Rashi

mkonomtupu
#9 Posted : Monday, July 18, 2011 5:28:12 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
@dunkang this stock moved from 65 down to 28 when i started picking it up last year it was at 31. it's not a bad company very prudent in its lending all factors constant its eps likely above 5/= so quite undervalued by Mr. Market. It might even go lower but i can't see volumes from the trades so far.

IMHO bonuses are for companies that don't have enough liquidity so you need to look at the assets to understand why.

Disclaimer: i'm a shareholder and it occupies a large portion of my portfolio so my opinion might be coloured.
Sober
#10 Posted : Monday, July 18, 2011 11:30:55 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
mwanahisa wrote:
Sober wrote:
how low are we going to sink?

@Sober, Did you not say you sold all of yours at 40 on Friday (which I bought presumably from you). So, I am guessing you are not at all sorry to be seeing it trade at 50 cts below Friday's price.

I will give it another couple of days before I add onto my position. I bet it will not fall too far from the current position. Note that the number of shared traded reduced quite dramatically.

This is one solid mid-tier bank with deep pocketed shareholders.


I placed a sell order for 40 (min) i just confirmed today they went at 42.00 and am a happy man.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Sober
#11 Posted : Monday, July 18, 2011 11:34:14 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
If it touches the 32-35 region i will acquire more hence i will be having 20% more. I pray the counter is supressed to those levels.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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