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NBK FY 2013 results profit after tax up 51%
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Goldilocks Reloaded wrote:mwekez@ji wrote:EPS 2.32. Can do the maths on where the rights price should be …. @mwekez@ji please fafanua zaidi Far down sub 20!!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:Cool. Its become a bank. Taking customer deposits and doing commercial lending. Rights issue sasa ndio inahitajika Downside: Overshadowing the strong growth in loan assets, total NPLs increased 89.9%, pushing NPL ratio up from 7.5% to 10.2% (the highest ratio across listed peers)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:mwekez@ji wrote:Cool. Its become a bank. Taking customer deposits and doing commercial lending. Rights issue sasa ndio inahitajika Downside: Overshadowing the strong growth in loan assets, total NPLs increased 89.9%, pushing NPL ratio up from 7.5% to 10.2% (the highest ratio across listed peers) Downside 2: Despite jump in NPLs, loan loss provision declined 60.4%y/y to 0.7% of net loans down from 2.6% in FY12.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cash generated from operations extraordinaire! 10.7B v 647M.  Eish, how? Smh...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Works.Required.Here---> CTI remained flat at 75.3% (again, highest level amongst listed peers)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:Cash generated from operations extraordinaire! 10.7B v 647M. Eish, how? Smh... Customer deposits up by Kes. 22.8B Loans to customers up by Kes. 11.2B ... those customer deposits, short term deposits from government bodies?
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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mwekez@ji wrote:Cde Monomotapa wrote:Cash generated from operations extraordinaire! 10.7B v 647M. Eish, how? Smh... Customer deposits up by Kes. 22.8B Loans to customers up by Kes. 11.2B ... those customer deposits, short term deposits from government bodies? Maybe from "Walalo" customers seeing that the CEO is Mr.Munir Ahmed.They normally flock to places where one of "their own" is the head. Formally employed people often live their employers' dream & forget about their own.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Good recovery from this laggard. But the NPL spike and the CTI as mentioned by @mweke needs a lot of panel beating... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/14/2014 Posts: 178
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mwekez@ji wrote:Goldilocks Reloaded wrote:mwekez@ji wrote:EPS 2.32. Can do the maths on where the rights price should be …. @mwekez@ji please fafanua zaidi Far down sub 20!!!  Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Goldilocks Reloaded wrote:mwekez@ji wrote:Goldilocks Reloaded wrote:mwekez@ji wrote:EPS 2.32. Can do the maths on where the rights price should be …. @mwekez@ji please fafanua zaidi Far down sub 20!!! Sema
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NBK FY 2013 results profit after tax up 51%
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