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NBK FY 2012 RESULTS
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Mainat
#31 Posted : Tuesday, March 26, 2013 7:24:27 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Cde Monomotapa wrote:
smile Absolute figures can be misleading. Relying on percentages is more credible IMO i.e NNPL or even GNPL as a % of the total loan book.

GNPL as a % of loans for Simba is 7% and 7.9% for NBK. Obviously, NBK's new CEO has emptied the cupboard...
The importnance of the absoulte number is that if you were doing a stress scenario, you'd want to see how a 50% write-off of the npls would impact the overall P&L.
Sehemu ndio nyumba
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mwekez@ji
#32 Posted : Wednesday, March 27, 2013 8:58:48 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Mainat wrote:
Cde Monomotapa wrote:
smile Absolute figures can be misleading. Relying on percentages is more credible IMO i.e NNPL or even GNPL as a % of the total loan book.

GNPL as a % of loans for Simba is 7% and 7.9% for NBK. Obviously, NBK's new CEO has emptied the cupboard...
The importnance of the absoulte number is that if you were doing a stress scenario, you'd want to see how a 50% write-off of the npls would impact the overall P&L.


huh! when did 7 & 7.9% ratio become good¿ guyz you need to check Equity Bank that is less than half of that or I&M that is resting at 1% levels
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Cde Monomotapa
#33 Posted : Wednesday, March 27, 2013 9:54:55 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Management has given its (company specific) reasons & proposed solutions. As a Investor you either Buy, Sell or Avoid and forever hold your peace. Simple.
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sparkly
#34 Posted : Wednesday, March 27, 2013 10:05:28 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwekez@ji wrote:


NBK freezes jobs as staff cost to total income ratio rises to outrageous 41% in FY 12.

http://www.businessdailyafrica....4/-/9ttiujz/-/index.html


Horrible company.
Life is short. Live passionately.
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Aguytrying
#35 Posted : Wednesday, March 27, 2013 10:09:10 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Management has given its (company specific) reasons & proposed solutions. As a Investor you either Buy, Sell or Avoid and forever hold your peace. Simple.


This share may be worth a speculative play for me. Its similar to where simba was a few years ago. If management can restructure and get the company back to where it was, and esp that cost of funds. That alone can reap handsome returns for an investor.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#36 Posted : Wednesday, March 27, 2013 10:26:10 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Management has given its (company specific) reasons & proposed solutions. As a Investor you either Buy, Sell or Avoid and forever hold your peace. Simple.

NB: NBK is still a going concern (Q1 '13 is over) & as a Investor is to acknowledge the co-relation btwn money mkt rates & cost of deposits. Comparing FY '12 & FY '13 rates is a stark difference clear as day. That's my trick no. 1. All that & more will be confirmed as results are rolled out.
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Aguytrying
#37 Posted : Wednesday, March 27, 2013 10:32:19 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Management has given its (company specific) reasons & proposed solutions. As a Investor you either Buy, Sell or Avoid and forever hold your peace. Simple.

NB: NBK is still a going concern (Q1 '13 is over) & as a Investor is to acknowledge the co-relation btwn money mkt rates & cost of deposits. Comparing FY '12 & FY '13 rates is a stark difference clear as day. That's my trick no. 1. All that & more will be confirmed as results are rolled out.


I can ammend up there. You either, buy, sell or walk away (shut up)
The investor's chief problem - and even his worst enemy - is likely to be himself
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Mainat
#38 Posted : Wednesday, March 27, 2013 11:56:05 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Mweke- not sure where I've said npls are a good thing. Was merely sayings NBK's is comparable to Simbas.
NBK needs to figure out who its customers are. End of. I haven't seen this in the McKinsey manual
Sehemu ndio nyumba
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symbols
#39 Posted : Wednesday, March 27, 2013 1:05:29 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
What's happening with this counter?
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Gadaffi
#40 Posted : Wednesday, March 27, 2013 1:39:42 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
Nbk has done sm considerable mngt changes in its overall business poaching sm of th best guys from th competitor- Nic, Stanchart, Bbk.. The other main challange facing th co. Is th high n.o of staff in branches yet th customer volumes do not support that!
This stock is a Buy! I think with th ongoing changes, th stock cannot go lower than that. Again this is a good buy!!
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