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National Bank - Rights Issue
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Metasploit
#21 Posted : Tuesday, March 04, 2014 1:30:12 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mlennyma wrote:
if you didn't get out wait for the sword.its very sharp.investors don't want to hear the word rights of huge amounts and I feel nervous the market is showing bear signs everyday.we might never know when the mother bear reaches.


You right

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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streetwise
#22 Posted : Tuesday, March 04, 2014 1:32:09 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Rights or no rights I would be more worried about the management skils that the bank has to provide the confidence that is needed to gurantee growth...if this is lacking then the share price could as well go to 3.00 as once was once upon a time.
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heri
#23 Posted : Tuesday, March 04, 2014 1:43:22 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
hisah wrote:
mkeiy wrote:
hisah wrote:
Another huge rights issue... This has put a dumper on this laggard and I'm forced to strike it out from the laggards bus until the rights issue becomes clear. KQ rights mess was as messy as it can get.

Possible for it to break below the 30/- handle as the rights is digested even with super results!



@hisah, With Msc getting one year extension and Nbk calling for rights,only Kk and Kq remain on the laggards list.

The list now has KPLC, KQ and KK. I'm now scoping TPSE and TCL. I've got an eye too on KEGN if the price breaks below 10 and lower.

For 2014 I've picked WTK and NMG and still hold KQ (Q4 2013) and a small SCOM lot and CFC (the only long term play). I'm playing purely defensive until the eurobond issue becomes clear.


Hisah what is your take on kenya Re? I thought it would not been going down as it was much under valued?
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hisah
#24 Posted : Tuesday, March 04, 2014 2:11:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
heri wrote:
hisah wrote:
mkeiy wrote:
hisah wrote:
Another huge rights issue... This has put a dumper on this laggard and I'm forced to strike it out from the laggards bus until the rights issue becomes clear. KQ rights mess was as messy as it can get.

Possible for it to break below the 30/- handle as the rights is digested even with super results!



@hisah, With Msc getting one year extension and Nbk calling for rights,only Kk and Kq remain on the laggards list.

The list now has KPLC, KQ and KK. I'm now scoping TPSE and TCL. I've got an eye too on KEGN if the price breaks below 10 and lower.

For 2014 I've picked WTK and NMG and still hold KQ (Q4 2013) and a small SCOM lot and CFC (the only long term play). I'm playing purely defensive until the eurobond issue becomes clear.


Hisah what is your take on kenya Re? I thought it would not been going down as it was much under valued?

KNRE is still undervalued compared to the likes of PAFR and CIC. I expect it to fair well despite the market mood. My concern with insurance is the weak consumer buying power shown by EABL and Uchumi H1 results. This means selling insurance this yr will be a tough call. Also most insurance firm get extra income from NSE which is hinting at a sell side yr. Those income streams will be crimped and will reflect on their books.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#25 Posted : Tuesday, March 04, 2014 2:14:23 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
hisah wrote:
heri wrote:
hisah wrote:
mkeiy wrote:
hisah wrote:
Another huge rights issue... This has put a dumper on this laggard and I'm forced to strike it out from the laggards bus until the rights issue becomes clear. KQ rights mess was as messy as it can get.

Possible for it to break below the 30/- handle as the rights is digested even with super results!



@hisah, With Msc getting one year extension and Nbk calling for rights,only Kk and Kq remain on the laggards list.

The list now has KPLC, KQ and KK. I'm now scoping TPSE and TCL. I've got an eye too on KEGN if the price breaks below 10 and lower.

For 2014 I've picked WTK and NMG and still hold KQ (Q4 2013) and a small SCOM lot and CFC (the only long term play). I'm playing purely defensive until the eurobond issue becomes clear.


Hisah what is your take on kenya Re? I thought it would not been going down as it was much under valued?

KNRE is still undervalued compared to the likes of PAFR and CIC. I expect it to fair well despite the market mood. My concern with insurance is the weak consumer buying power shown by EABL and Uchumi H1 results. This means selling insurance this yr will be a tough call. Also most insurance firm get extra income from NSE which is hinting at a sell side yr. Those income streams will be crimped and will reflect on their books.

thanks @hisah very insightful the comments over the past week, thanks man!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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vastcapital
#26 Posted : Tuesday, March 04, 2014 4:11:38 PM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
The requirement by the regulator on independent directors should minimize the influence of the big boys on the board...NSSF notwithstanding even with the conversion of their preferred shares, which is actually good news for the common stock holder.

My view on this stock is that its a good one to watch. if you consider that the bank has: overhauled its top management,Rebranded
Upgraded almost all systems-New core banking,Card system,Treasury system,Trade and currently working to overhaul its mobile banking platform.
Also currently on a downsizing program.
New investment in branches with an exotic touch, plans to increase branch network in strategic points.
Has recently invested in Islamic banking which seems to be growing its loan book
Poached guys from the big boys in the industry and have developed a modern structured bank with a serious Corporate, Retail and Treasury arms.

All this is indicative of the direction the bank wishes to take the difference is whether they hit the upward trend. I believe if management works to achieve this, then value for shareholders is guaranteed.

Keep watching!!! you might just find the right time for entry
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Aguytrying
#27 Posted : Tuesday, March 04, 2014 5:11:38 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@Hisah. Karibu sana TPS EA, its a non topic nowdays... That bad. its day is coming soon ive seen signs of share price recovery.
For Kengen, im also, it think the discount wont last long. might kick upwards before rights announced. everyday i see it at 11.00 its calling me. I find it hard to resist undervalued counters!

@vastcapital. RIGHT on. Let the rights/preference shares come in and dilute the share to the lowest low imaginable. Then we can buy this trasforming company. it will be a favour to get a recovering company at a hyperdiluted and possibly not far above NAV.
So. dilution and rights do your thing. we'll come in later when people are crying. Cde of course wont cry
The investor's chief problem - and even his worst enemy - is likely to be himself
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obiero
#28 Posted : Tuesday, March 04, 2014 11:28:51 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
Personally I know of no one who holds a NBK account. Thats part reason as to why I cant invest. To me NBK is like Yu!
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VituVingiSana
#29 Posted : Wednesday, March 05, 2014 12:09:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
obiero wrote:
Personally I know of no one who holds a NBK account. Thats part reason as to why I cant invest. To me NBK is like Yu!
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#30 Posted : Wednesday, March 05, 2014 2:08:47 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Personally I know of no one who holds a NBK account. Thats part reason as to why I cant invest. To me NBK is like Yu!


Most parastatals have accounts with NBK.
Life is short. Live passionately.
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