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NBK FY 2013 results profit after tax up 51%
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vastcapital
#31 Posted : Friday, March 28, 2014 6:04:57 PM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
mwekez@ji wrote:
NBK put South Sudan expansion on the back burner

“Our first target was South Sudan but with the on-going conflict, we have had to halt that plan for now,” said Munir Ahmed, the managing director for National Bank.

“Somalia too was a target but you can see what is happening there. Going forward, we are looking at Ethiopia and it if opens up, we will be setting up there.”

http://www.businessdailyafrica....74/-/uywe65/-/index.html

Ethiopia is such a lucrative market if it only opens up to liberalization there definitely will be good business here...given its double digit economic growth in recent years and the huge population!
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Goldilocks Reloaded
#32 Posted : Tuesday, May 27, 2014 10:22:18 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
What is the material announcement from NBK as highlighted by mystocks.co.ke today?
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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muganda
#33 Posted : Tuesday, May 27, 2014 10:34:00 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Goldilocks Reloaded wrote:
What is the material announcement from NBK as highlighted by mystocks.co.ke today?


Must be NBK Q1 2014 results showing a 16% increase in profit before tax. Reminding me of a Warren Buffett quote 'turnarounds seldom turn'

http://ge.tt/1pXuD0i1/v/0
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Goldilocks Reloaded
#34 Posted : Tuesday, May 27, 2014 10:39:47 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
Many thanks @muganda. Either Munir anashindwa na kazi or the hole had been dug too deep. But i still believe there is hope for this Moi cow. Lets see what is said at the AGM this Friday

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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hisah
#35 Posted : Tuesday, May 27, 2014 4:13:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NPLs will chew KE banks returns as long as the econ continues to limp. How long will the numbers be fudged? This pretext show has run for too long. But it'll end soon...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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holycow
#36 Posted : Wednesday, June 04, 2014 8:36:38 AM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home


Where tyranny of numbers doesn't apply!
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streetwise
#37 Posted : Wednesday, June 04, 2014 8:49:42 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Why offer the employees shares at a discounted price when the company has not been peforming for so long and share holder value has depreciated so much.

The manegement needs to turn the company around completely and then they can come back with this request to the share holders
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jerry
#38 Posted : Wednesday, June 04, 2014 8:55:04 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Goldilocks Reloaded wrote:
Many thanks @muganda. Either Munir anashindwa na kazi or the hole had been dug too deep. But i still believe there is hope for this Moi cow. Lets see what is said at the AGM this Friday


Anything of import said at AGM?
The opposite of courage is not cowardice, it's conformity.
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Goldilocks Reloaded
#39 Posted : Wednesday, June 04, 2014 10:34:23 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
jerry wrote:
Goldilocks Reloaded wrote:
Many thanks @muganda. Either Munir anashindwa na kazi or the hole had been dug too deep. But i still believe there is hope for this Moi cow. Lets see what is said at the AGM this Friday


Anything of import said at AGM?


I never attended the AGM so i would also be happy to hear what was said. Anyone with details?
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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KulaRaha
#40 Posted : Wednesday, June 04, 2014 10:44:56 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
hisah wrote:
NPLs will chew KE banks returns as long as the econ continues to limp. How long will the numbers be fudged? This pretext show has run for too long. But it'll end soon...


This economy is in trouble yet no one sees it.
Business opportunities are like buses,there's always another one coming
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