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National Bank - Rights Issue
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VituVingiSana
#31 Posted : Wednesday, March 05, 2014 2:19:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
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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obiero
#32 Posted : Wednesday, March 05, 2014 7:39:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
fools rush in
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maka
#33 Posted : Thursday, March 06, 2014 10:33:29 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
VituVingiSana 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!
Applause Applause Applause

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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vastcapital
#34 Posted : Thursday, March 06, 2014 9:01:57 PM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
maka wrote:
VituVingiSana 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!
Applause Applause Applause

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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PKoli
#35 Posted : Thursday, March 06, 2014 9:26:40 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
vastcapital wrote:
maka wrote:
VituVingiSana wrote:
[quote=obiero]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

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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vastcapital
#36 Posted : Thursday, March 06, 2014 9:36:19 PM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
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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obiero
#37 Posted : Thursday, March 06, 2014 9:57:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
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
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vastcapital
#38 Posted : Thursday, March 06, 2014 10:20:06 PM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
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 meansd'oh!
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VituVingiSana
#39 Posted : Thursday, March 06, 2014 11:32:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
PKoli wrote:
vastcapital wrote:
maka wrote:
VituVingiSana wrote:
[quote=obiero]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

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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PKoli
#40 Posted : Friday, March 07, 2014 7:56:54 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
VituVingiSana wrote:
PKoli wrote:
vastcapital wrote:
maka wrote:
VituVingiSana wrote:
[quote=obiero]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

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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