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NBK quarter one 2013 profit before tax up slim 3pc
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vastcapital
#31 Posted : Thursday, May 23, 2013 7:54:17 AM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
mwekez@ji wrote:
Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B


Cant you see that the bank has been depressed for way too long. look at the spread of its networks with 55 branches and a plan to add 15 in the next one year, it should have done better. Huge government accounts and high liqidity which translates to a potential loan bk growth.In many ways this has been a depressed entity that is now evolving under the new mgt style. Munir has to fix this tyre when the car is moving coz the industry is very competitive. Mark you he wants to be in top tier by 2017! The bank has a HTM bond worth 5yards that matures on 24/05/2013 the same day they have chosen to rebrand hope Munir is not playing around with the bucks...
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dunkang
#32 Posted : Thursday, May 23, 2013 8:43:45 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
vastcapital wrote:
mwekez@ji wrote:
Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B


Cant you see that the bank has been depressed for way too long. look at the spread of its networks with 55 branches and a plan to add 15 in the next one year, it should have done better. Huge government accounts and high liqidity which translates to a potential loan bk growth.In many ways this has been a depressed entity that is now evolving under the new mgt style. Munir has to fix this tyre when the car is moving coz the industry is very competitive. Mark you he wants to be in top tier by 2017! The bank has a HTM bond worth 5yards that matures on 24/05/2013 the same day they have chosen to rebrand hope Munir is not playing around with the bucks...

Increase branches? HELLOOOO!
They should first ensure most of the existing are busy be4 opening others. Just visit their branches outside Nai and u will worder what their use are.
Receive with simplicity everything that happens to you.” ― Rashi

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mwekez@ji
#33 Posted : Thursday, May 23, 2013 9:26:49 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
dunkang wrote:
vastcapital wrote:
mwekez@ji wrote:
Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B


Cant you see that the bank has been depressed for way too long. look at the spread of its networks with 55 branches and a plan to add 15 in the next one year, it should have done better. Huge government accounts and high liqidity which translates to a potential loan bk growth.In many ways this has been a depressed entity that is now evolving under the new mgt style. Munir has to fix this tyre when the car is moving coz the industry is very competitive. Mark you he wants to be in top tier by 2017! The bank has a HTM bond worth 5yards that matures on 24/05/2013 the same day they have chosen to rebrand hope Munir is not playing around with the bucks...

Increase branches? HELLOOOO!
They should first ensure most of the existing are busy be4 opening others. Just visit their branches outside Nai and u will worder what their use are.


Well said @dunkang. .... and NBK needs alot of agency banking which will save it operational cost. Too bad i have not seen any NBK agent
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selah
#34 Posted : Thursday, May 23, 2013 9:44:21 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25.

I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears.

Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it.


Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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hisah
#35 Posted : Thursday, May 23, 2013 10:08:59 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
selah wrote:
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25.

I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears.

Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it.


Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue.

Where gok has participated, rights have been a sour affair.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#36 Posted : Thursday, May 23, 2013 10:28:24 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
selah wrote:
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25.

I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears.

Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it.


Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue.

Where gok has participated, rights have been a sour affair.

Btw @hisah what NBK intends is a replica of what happened with KPLC so...not to worry abt GoK.
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Cde Monomotapa
#37 Posted : Thursday, May 23, 2013 10:31:30 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
selah wrote:
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25.

I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears.

Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it.


Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue.

smile
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oltome
#38 Posted : Friday, May 24, 2013 11:52:33 AM
Rank: Member

Joined: 8/27/2012
Posts: 136
They are re-branding shifting from green colors to yellow...if you have seen the ads in the papers that's them....lets see if this will shore up the numbers lol smile
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mwekez@ji
#39 Posted : Friday, May 24, 2013 12:25:04 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
oltome wrote:
They are re-branding shifting from green colors to yellow...if you have seen the ads in the papers that's them....lets see if this will shore up the numbers lol smile


what we can certainly tell is that this is a cost in medium term. Any idea how much they have budgeted for this rebranding .... on results of the rebranding, we await, kenya power rebranding dint change much. ... Hope this one the best smile
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VituVingiSana
#40 Posted : Friday, May 24, 2013 1:43:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Cde Monomotapa wrote:
hisah wrote:
selah wrote:
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25.

I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears.

Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it.


Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue.

Where gok has participated, rights have been a sour affair.

Btw @hisah what NBK intends is a replica of what happened with KPLC so...not to worry abt GoK.
Doom for the other shareholders. KPLC shareholders were conned by GoK. They were told there is a Rate Increase (Review) within 6 months... 3 years later? Nada.

Where GoK ends up with the majority or a substantial say... it generally goes downhill.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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