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National Bank - Rights Issue
Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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sparkly wrote: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. Parastatals are dying out post-liberalization. In addition, the devolution will take away from GoK accounts to a county level where Equity is strong. Thankfully, the private sector is growing faster than parastatals. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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fools rush in COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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The last person who I personally knew to have an account with them vowed never to step into that bank,we discussed this I believe in the Market section,this is one bank with poor customer care something they should have sorted out way back... possunt quia posse videntur
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Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
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maka wrote:The last person who I personally knew to have an account with them vowed never to step into that bank,we discussed this I believe in the Market section,this is one bank with poor customer care something they should have sorted out way back... National Bank wins Global re-branding award! http://www.rebrand.com/d...n-national-bank-of-kenya
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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vastcapital wrote:The last person who I personally knew to have an account with them vowed never to step into that bank,we discussed this I believe in the Market section,this is one bank with poor customer care something they should have sorted out way back... National Bank wins Global re-branding award! http://www.rebrand.com/d...-national-bank-of-kenya[/quote] Last time I saw a company seriously do marketing /rebranding was CIC. I think NBK has a bright future
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Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
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Metasploit wrote: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 market is indeed bearish by the day, but look at it this way. NBK stock has shot up in the last four months. Just after the release of their Q3 results which indicated a growth of upwards 130% by this time news of a rights issue by H1 of 2014 was already on the streets. The impressive run therefore was an excitement of the good results but clearly short-lived given the impending rights. The fact that the market is bearish with most counters being overbought means that if the rights price is favorably discounted and with their intensive investment in change...the massive liquidity might find its way to this laggard. Don't dismiss this counter instead watch it keenly. i believe the right entry is coming.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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vastcapital wrote:Metasploit wrote: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 market is indeed bearish by the day, but look at it this way. NBK stock has shot up in the last four months. Just after the release of their Q3 results which indicated a growth of upwards 130% by this time news of a rights issue by H1 of 2014 was already on the streets. The impressive run therefore was an excitement of the good results but clearly short-lived given the impending rights. The fact that the market is bearish with most counters being overbought means that if the rights price is favorably discounted and with their intensive investment in change...the massive liquidity might find its way to this laggard. Don't dismiss this counter instead watch it keenly. i believe the right entry is coming. Remind me please, are we buyin into the stock or the business? In my view, the business even if improving, pales in comparison to its peers. it will take some time for nbk to resemble a real bank COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
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obiero wrote:vastcapital wrote:Metasploit wrote: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 market is indeed bearish by the day, but look at it this way. NBK stock has shot up in the last four months. Just after the release of their Q3 results which indicated a growth of upwards 130% by this time news of a rights issue by H1 of 2014 was already on the streets. The impressive run therefore was an excitement of the good results but clearly short-lived given the impending rights. The fact that the market is bearish with most counters being overbought means that if the rights price is favorably discounted and with their intensive investment in change...the massive liquidity might find its way to this laggard. Don't dismiss this counter instead watch it keenly. i believe the right entry is coming. Remind me please, are we buyin into the stock or the business? In my view, the business even if improving, pales in comparison to its peers. it will take some time for nbk to resemble a real bank I seek your indulgence @obiero. The reasons most would be investors buy into a stock is because they seek a better book value which is simply the net assets i.e balance sheet growth. The peers are indeed in a different class, but NBK has a better growth curve if only they make good choices.(Business life cycle dynamics). Yes we are buying into a business...the stock is just a means 
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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PKoli wrote:vastcapital wrote:The last person who I personally knew to have an account with them vowed never to step into that bank,we discussed this I believe in the Market section,this is one bank with poor customer care something they should have sorted out way back... National Bank wins Global re-branding award! http://www.rebrand.com/d...-national-bank-of-kenya[/quote] Last time I saw a company seriously do marketing /rebranding was CIC. I think NBK has a bright future Coz it rebranded? There's more to re-branding. It has to change attitudes, customer service, innovation, etc ... not just logos and colors. Old wine in new bags does no good. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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VituVingiSana wrote:PKoli wrote:vastcapital wrote:The last person who I personally knew to have an account with them vowed never to step into that bank,we discussed this I believe in the Market section,this is one bank with poor customer care something they should have sorted out way back... National Bank wins Global re-branding award! http://www.rebrand.com/d...-national-bank-of-kenya[/quote] Last time I saw a company seriously do marketing /rebranding was CIC. I think NBK has a bright future Coz it rebranded? There's more to re-branding. It has to change attitudes, customer service, innovation, etc ... not just logos and colors. Old wine in new bags does no good. @VVS Agreed, but NBK is doing more than rebranding from management changes at the top to service. I think they are on the right track.
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