wazua Fri, Jan 17, 2025
Welcome Guest Search | Active Topics | Log In | Register

3 Pages123>
NBK FY 2012 RESULTS
Options
Previous Topic · Next Topic
FUNKY
#1 Posted : Monday, March 25, 2013 9:33:42 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Back to top
 Report Abusive | Report SPAM
jerry
#2 Posted : Monday, March 25, 2013 10:13:41 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
FUNKY wrote:
http://t.co/MlimqEJtYV

DPS 0.20

Let it drop like an atomic bomb!
The opposite of courage is not cowardice, it's conformity.
Back to top
 Report Abusive | Report SPAM
hisah
#3 Posted : Monday, March 25, 2013 11:39:16 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
PBT down 53%
EPS down 53.3% to 1.49 vs 3.19
DPS cut into half (50%) to 20cts vs 40cts - wonder why they're paying a div with these results.

But the crappy line that ties my stomach into knots is the NPL. This one is really bad... This thing will slide past 16. I don't see how that NPL item will be fixed in 2013. Are these toxic bad loans? Anyone see this? @deal @mwekezaji @youcant @vvs @guru
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
the deal
#4 Posted : Monday, March 25, 2013 12:24:38 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
PBT down 53%
EPS down 53.3% to 1.49 vs 3.19
DPS cut into half (50%) to 20cts vs 40cts - wonder why they're paying a div with these results.

But the crappy line that ties my stomach into knots is the NPL. This one is really bad... This thing will slide past 16. I don't see how that NPL item will be fixed in 2013. Are these toxic bad loans? Anyone see this? @deal @mwekezaji @youcant @vvs @guru

I saw those NPL's...could negate 2013 if not recovered....
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#5 Posted : Monday, March 25, 2013 12:53:09 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
the deal wrote:
hisah wrote:
PBT down 53%
EPS down 53.3% to 1.49 vs 3.19
DPS cut into half (50%) to 20cts vs 40cts - wonder why they're paying a div with these results.

But the crappy line that ties my stomach into knots is the NPL. This one is really bad... This thing will slide past 16. I don't see how that NPL item will be fixed in 2013. Are these toxic bad loans? Anyone see this? @deal @mwekezaji @youcant @vvs @guru

I saw those NPL's...could negate 2013 if not recovered....


Indeed that NPL upsurge is eye popping. Munir must be cleaning up the skeletons. I wonder how much more are still in the closet
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#6 Posted : Monday, March 25, 2013 1:18:09 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
NBK poor performance goes to record as a huge divergence from the industry. The reason given of high interest rate is not sufficient because all other banks operated under the same environment but did not report such performance. There are stinking skeletons (internal factors) in NBK and the sooner they understand them the better it will be for the bank.
Back to top
 Report Abusive | Report SPAM
mwekez@ji
#7 Posted : Monday, March 25, 2013 1:45:47 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
>Net Interest Income; down 6.03%; this we can attributed to the high interest rates and managements inability to deal with this like other banks

>Fees and Commissions on Loans and Advances; down 32.73%; reason, same as above

>Foreign Exchange Trading Income; down 26.04%; why?

>Other Income; up 34.13%; must be the bond valuations. This one really saved the day otherwise the results would have been very very very baaaaaaaaad

>Staff Costs; up 18.05%; how many more branches did NBK open in 2012? Are they strategically located or they will add to consuming dogs

>Amortisation charges; up 536.73%; what is this. is it the new banking system. if so, how much did the banking system cost and how much more will be amortised this year.
Back to top
 Report Abusive | Report SPAM
hisah
#8 Posted : Monday, March 25, 2013 3:28:51 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Intraday low printed 18.50 with VWAP closing @20.30 down 9.78% from Friday's close @22.50.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM
FUNKY
#9 Posted : Monday, March 25, 2013 4:06:45 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Back to top
 Report Abusive | Report SPAM
youcan'tstopusnow
#10 Posted : Monday, March 25, 2013 4:13:40 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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

GOD BLESS YOUR LIFE
Back to top
WWW
 Report Abusive | Report SPAM
hisah
#11 Posted : Monday, March 25, 2013 4:23:11 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
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!
Back to top
 Report Abusive | Report SPAM | Edit by user: Monday, March 25, 2013 4:25 PM | Reason: Not specified
Sufficiently Philanga....thropic
#12 Posted : Monday, March 25, 2013 5:02:23 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
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 @Cdesmile
@SufficientlyP
Back to top
 Report Abusive | Report SPAM
youcan'tstopusnow
#13 Posted : Monday, March 25, 2013 5:20:26 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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 @Cdesmile

They want to expand branches to 75, I think.
GOD BLESS YOUR LIFE
Back to top
WWW
 Report Abusive | Report SPAM
obiero
#14 Posted : Monday, March 25, 2013 5:26:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,556
Location: nairobi
useless stock

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Back to top
WWW
 Report Abusive | Report SPAM
murchr
#15 Posted : Monday, March 25, 2013 5:53:11 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
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
.
Back to top
 Report Abusive | Report SPAM
jerry
#16 Posted : Monday, March 25, 2013 7:46:26 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
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.
Back to top
 Report Abusive | Report SPAM
youcan'tstopusnow
#17 Posted : Monday, March 25, 2013 7:50:37 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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
Back to top
WWW
 Report Abusive | Report SPAM
Cde Monomotapa
#18 Posted : Monday, March 25, 2013 7:56:34 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
"Wacha, wacha waseme..."
Back to top
 Report Abusive | Report SPAM
youcan'tstopusnow
#19 Posted : Monday, March 25, 2013 7:59:35 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
"Wacha, wacha waseme..."

Watasema mchana ee, usiku watalalaLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly
GOD BLESS YOUR LIFE
Back to top
WWW
 Report Abusive | Report SPAM
Cde Monomotapa
#20 Posted : Monday, March 25, 2013 8:04:04 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
"Wacha, wacha waseme..."

Watasema mchana ee, usiku watalalaLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (11)
3 Pages123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.