wazua Sat, Mar 28, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages«<2345>
National Bank Q3 2013 Reslts
Options
Previous Topic · Next Topic
hisah
#31 Posted : Friday, November 29, 2013 7:38:11 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
hisah wrote:
@mwekezaji - I was to alert you when NBK break out of the upper BB bound. Well if it closes today above 22.40, then this will be a bullish break with targets around 25 - 30.


Cheers @hisah. I notice brokers have started to turn bullish on this counter with a caution on dilution. Read what Kestrel has today written in their NBK Q3 detailed results note:

National Bank is trading at a trailing P/E ratio of 5.0x and a P/B ratio of 0.6x, below the banking sector averages of 9.3x and 2.1x respectively. Its ROE is 11.0% compared to the sector average of 21.6%. Going forward, its ongoing transformation program will improve its medium-term performance chiefly by addressing the high NPL and CTI Ratios thus making the stock attractive as current levels. National Bank plans to conduct a Rights Issue in 2014 to raise KES 10.0bn to fund regional expansion.

17 days later the breakout plays out as expected for this banking laggard. However plenty of barriers as stated by @aguy with pref shares and a heavy rights issues coming up.

#Rooting for laggards...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
Hunderwear
#32 Posted : Sunday, December 01, 2013 2:18:51 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
Back to top
  |
obiero
#33 Posted : Sunday, December 01, 2013 5:42:12 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,241
Location: nairobi
interesting approach coming from the new captain. he's js building the stock through announcements without actual action. as an investor u have to like his buccaneer approach..

Back to top
WWW
  |
Magnate
#34 Posted : Tuesday, January 07, 2014 1:33:40 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
@ 31.50
demand 105,000
Supply 21,000

Forward match .. .. .. ..
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top
  | | Edit by user: Tuesday, January 07, 2014 1:35 PM | Reason: Not specified
Magnate
#35 Posted : Thursday, January 09, 2014 12:52:44 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
Impressive forward thrust.

1st Nov 2013 price was 20
9th Jan 2014 current price 33.25

66% gain within 2 months.thats approx 61% returns inclusive of commisions.

Will we make to the former highs of 45?
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top
  | | Edit by user: Thursday, January 09, 2014 1:07 PM | Reason: Not specified
mlennyma
#36 Posted : Thursday, January 09, 2014 1:00:01 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The final year results will add more fuel, but thats when i will exit.
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  | | Edit by user: Thursday, January 09, 2014 1:07 PM | Reason: Invisible
mlennyma
#37 Posted : Thursday, January 09, 2014 1:04:24 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The final year results will add more fuel, but thats when i will exit.
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
cnn
#38 Posted : Thursday, January 09, 2014 1:10:35 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Magnate wrote:
Impressive forward thrust.

1st Nov 2013 price was 20
9th Jan 2014 current price 33.25

66% gain within 2 months.thats approx 61% returns inclusive of commisions.

Will we make to the former highs of 45? watch this space

I remember NBK in the 70's,but the rise in the last 3 months,impressive.As these price rise one has to keep their eyes open,markets do not rise indefinitely.
Back to top
  |
Magnate
#39 Posted : Thursday, January 09, 2014 1:20:30 PM
Rank: Member

Joined: 11/1/2013
Posts: 257

cnn wrote:
Magnate wrote:
Impressive forward thrust.

1st Nov 2013 price was 20
9th Jan 2014 current price 33.25

66% gain within 2 months.thats approx 61% returns inclusive of commisions.

Will we make to the former highs of 45? watch this space

I remember NBK in the 70's,but the rise in the last 3 months,impressive.As these price rise one has to keep their eyes open,markets do not rise indefinitely.

70's i assume a split came through at some point

anyway its interesting to note the hacksaw blade type of a pattern over the years on the successive highs and lows.check this out
Period - Price
Jan 2007 - 45
Nov 2007 - 20
Jul 2008 - 45
Mar 2009 - 20
Feb 2011 - 45
Jan 2013 - 18
Jan 2014 - 33.25
Mar 2014 FY results ??
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
Back to top
  | | Edit by user: Friday, January 10, 2014 4:22 PM | Reason: Not specified
Aguytrying
#40 Posted : Thursday, January 09, 2014 2:53:24 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
If you like NBK you may also like the other Laggard, also called leper at some point MUMIAS- MSC

#Rooting for laggards 2014
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
5 Pages«<2345>
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 © 2026 Wazua.co.ke. All Rights Reserved.