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NIC Bank
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Sober
#1 Posted : Wednesday, May 02, 2012 12:42:27 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
AGM Ongoing: Rights Issue, diversification to Uganda, bonus shares, auditors. I just love this bank. Who else?
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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Sober
#2 Posted : Wednesday, May 02, 2012 12:44:06 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
No buy-out in Uganda but the new subsidiary shall be from scratch and shall be fully owned by the NIC Group.
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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Sober
#3 Posted : Wednesday, May 02, 2012 12:55:47 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
The Ugandan Subsidiary shall be called NC bank because the NIC is an insurance public company already registered in Uganda.
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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GenghisCapitalLtd
#4 Posted : Wednesday, May 02, 2012 1:40:26 PM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
Good stuff Sober, I hope you are on twitter (or get access to it) use @genghiscapital to spread the word on this forum and what's ur handle so that I may follow u?
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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Mkimwa
#5 Posted : Wednesday, May 02, 2012 4:22:12 PM
Rank: Member

Joined: 10/26/2008
Posts: 380
Price of rights issue?
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Sober
#6 Posted : Thursday, May 03, 2012 3:02:24 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Th price for the rights issue is not yet set.
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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Mkimwa
#7 Posted : Wednesday, May 16, 2012 5:44:33 PM
Rank: Member

Joined: 10/26/2008
Posts: 380
Did I see NIC at 36? and seems to be ending higher by the day..
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guru267
#8 Posted : Wednesday, May 16, 2012 8:09:22 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mkimwa wrote:
Did I see NIC at 36? and seems to be ending higher by the day..


The valuation before & after the rights issue offers a compelling argument to buy buy buy at these prices..

At 50bob it will have a P/E of 7... Still lower than the market P/E..
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#9 Posted : Friday, May 18, 2012 12:57:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
I can't find the 1Q 2012 Results on the website. The NSE website link has information for 2011 not 2012.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#10 Posted : Saturday, May 19, 2012 3:11:28 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
I can't find the 1Q 2012 Results on the website. The NSE website link has information for 2011 not 2012.


check here mate

http://www.rich.co.ke/media/doc...ials-%20March%202012.pdf
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