Cool

Look at my other stock pick Mumias Sugar...RooooAAAAr...LoL.

Sukaaaaari taaaamuuu

I think this was a very smart move. Reasons;

1. Its highly unlikely that NCC will default, and in the event they do, all EB will do is to take lien of the cash coming through their revenue accounts

2. By signing off their payroll processing job to EB, NCC handed over to the bank one of the biggest payroll processing jobs and the accruing processing fees

3. Multiplier effects of NCC employees opening up accounts with EB in order that they may receive salaries faster than other banks coz EB is the paying bank

4. NCC employees who borrow from EB will not find it very hard to default in view of EB control over their payroll

me still thinks that KCB will do prity well vs. eqty locally. kcb will most definitely scoop n.o 1 in terms of profitability 4 FY 2011

Having a stand is highly encouraged here. Kudos!

Ironically in the same article, it says 'Q2 2011 Is expected to be over 100 percent higher than Q2 2010'. But wait if it was in a loss position, how can growth be 100 percent??

I tell u...I was equally dismayed. I absolutely didn't get that part too.

What do you call this?..if you move from a loss position of 101 million to a loss position of 1 million.

HF.PBT*4 = KCB,S&L.PBT