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NBK FY 2012 RESULTS
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:Cost:Income Ratio has gone up from 68.65% to 85%
Loans and Advances were flat
Customer Deposits down Kshs. 1.5 Billion to Kshs. 46.7 Billion
Fees and Commissions reduced
Gross Non-Performing Loans shoot up 87.8% to Kshs. 2.25 Billion resulting in Loan Book Quality dropping sharply to 7.92% from 4.26%
Price:Earnings ratio now 13.6
Brown shoots indeed. PER @13.6 is bloody expensive. A re-rate is highly likely. A PER of 8 which is very generous (no recovery in sight for 2013) will put the price @11.80 - 12 range.
Sub 10 looks unlikely for now but if the H1 2013 resuls confirm the continuation of revenue haircuts, the ride down will not be funny...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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youcan'tstopusnow wrote:Cost:Income Ratio has gone up from 68.65% to 85%
Loans and Advances were flat
Customer Deposits down Kshs. 1.5 Billion to Kshs. 46.7 Billion
Fees and Commissions reduced
Gross Non-Performing Loans shoot up 87.8% to Kshs. 2.25 Billion resulting in Loan Book Quality dropping sharply to 7.92% from 4.26%
Price:Earnings ratio now 13.6
Cost to Income ratio is what they need to work on for now. Sack all those non performing staff. This one will be a long wait for @Cde  @SufficientlyP
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Sufficiently Philanga....thropic wrote:youcan'tstopusnow wrote:Cost:Income Ratio has gone up from 68.65% to 85%
Loans and Advances were flat
Customer Deposits down Kshs. 1.5 Billion to Kshs. 46.7 Billion
Fees and Commissions reduced
Gross Non-Performing Loans shoot up 87.8% to Kshs. 2.25 Billion resulting in Loan Book Quality dropping sharply to 7.92% from 4.26%
Price:Earnings ratio now 13.6
Cost to Income ratio is what they need to work on for now. Sack all those non performing staff. This one will be a long wait for @Cde They want to expand branches to 75, I think. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/23/2009 Posts: 14,251 Location: nairobi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Some thorough cleaning going on here, I really sympathise with the shushu's who hold this monkey. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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murchr wrote:Some thorough cleaning going on here, I really sympathise with the shushu's who hold this monkey. You mean SHUSHUs and GUKAs? Advise the ones you know personaly if any. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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jerry wrote:murchr wrote:Some thorough cleaning going on here, I really sympathise with the shushu's who hold this monkey. You mean SHUSHUs and GUKAs? Advise the ones you know personaly if any. Cde uko wapi? Ati watu hapa wanakuita shushu;-) GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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NBK FY 2012 RESULTS
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