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GenghisCapitalLtd
#1 Posted : Thursday, November 24, 2011 8:47:37 AM

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Location: Nairobi
NIC PAT up 29% from 1.3Bn to 1.7Bn. further analysis will follow
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mkonomtupu
#2 Posted : Thursday, November 24, 2011 8:58:37 AM
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Good, i was really worried about the delay in releasing the results. Have they cooked the bond figures to hide losses?
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the deal
#3 Posted : Thursday, November 24, 2011 9:07:41 AM
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Joined: 9/25/2009
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GenghisCapitalLtd wrote:
NIC PAT up 29% from 1.3Bn to 1.7Bn. further analysis will follow

The results are in line with my expectations, I expect them to do 20% increase in PAT this year. Read more here. http://contrarianinvesti...p/premium-services.html
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Sure
#4 Posted : Thursday, November 24, 2011 9:44:50 AM
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Joined: 9/9/2010
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NIC will not be heavily affected by NPL as their clients are insured against any default. True or false?
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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Thiong'o
#5 Posted : Thursday, November 24, 2011 12:40:07 PM
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GenghisCapitalLtd
#6 Posted : Thursday, November 24, 2011 1:02:17 PM

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Sure wrote:
NIC will not be heavily affected by NPL as their clients are insured against any default. True or false?

Tough question but looking through their financial statements you do notice a decline in their loan loss provision which was 152Mn in 09/2010 to 94Mn in 09/2011. it is the only bank to have revised their loan loss provision downwards in that period.
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GenghisCapitalLtd
#7 Posted : Thursday, November 24, 2011 1:08:27 PM

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They are at an advanced stage to expand to Uganda, definitely be done by Q112
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kenyainvestor
#8 Posted : Thursday, November 24, 2011 6:44:52 PM
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Joined: 7/12/2011
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GenghisCapitalLtd wrote:

Tough question but looking through their financial statements you do notice a decline in their loan loss provision which was 152Mn in 09/2010 to 94Mn in 09/2011. it is the only bank to have revised their loan loss provision downwards in that period.

Diamond Trust Bank, KCB Group and Barclays Bank of Kenya are other banks which revised their loan loss provision downwards during the said period
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sparkly
#9 Posted : Thursday, November 24, 2011 10:34:12 PM
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I love this company... growing up fast, like a well fed pre-pubescent.
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