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NBK announces 1.2 billion shilling loss
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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maka wrote:Sober wrote:hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later. How is the price gaining after announcing a loss? There is a trap here for the guys buying Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much.... @maka, can you check inbox on 101 on Bonds please. 2008impunity (at) gmail (dot) com Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:maka wrote:Sober wrote:hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later. How is the price gaining after announcing a loss? There is a trap here for the guys buying Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much.... @maka, can you check inbox on 101 on Bonds please. 2008impunity (at) gmail (dot) com maka.mnoma@gmail.com...you,ve sent something? possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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MadDoc wrote:mlennyma wrote:whiteowl wrote:This is heading to 1/= to join Mumias.Being a govt firm, there is no turnaround in sight! can i see well,one dude wants 300k shares for 1bob a piece??  I also thought I needed stronger lenses and he may be the best bidder as days go by,to rescue a bank is not like any other business you need the money instantly "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Where is "h" in Tiefs? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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After the imperial bank and dubai bank lessons, and after a romour that nbk was restricting huge withdrawals a while back,customers might flee by seeing this smoke. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/3/2015 Posts: 126 Location: Nairobi
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9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles http://www.nation.co.ke/.../-/s98ugvz/-/index.html
http://www.nation.co.ke/...8/-/x31kj8/-/index.html
If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku)
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Rank: Member Joined: 2/20/2007 Posts: 767
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It was stollen, They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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timizo wrote:9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles http://www.nation.co.ke/.../-/s98ugvz/-/index.html
http://www.nation.co.ke/...8/-/x31kj8/-/index.html
If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku) Nobody will be jailed because kenya is a democratic country "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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tom_boy wrote:It was stollen, THE TEHIF CAN SATEL AYNINHTG AND ENEVYTRIG. Ltes be crefaul!! The opposite of courage is not cowardice, it's conformity.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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jerry wrote:tom_boy wrote:It was stollen, THE TEHIF CAN SATEL AYNINHTG AND ENEVYTRIG. Ltes be crefaul!! Thought we were made to understand the combination of CEO and Board Chair at NBK were the most straight guys on earth!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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maka wrote:Impunity wrote:maka wrote:Sober wrote:hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later. How is the price gaining after announcing a loss? There is a trap here for the guys buying Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much.... @maka, can you check inbox on 101 on Bonds please. 2008impunity (at) gmail (dot) com maka.mnoma@gmail.com...you,ve sent something? Sent now. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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Impunity wrote:maka wrote:Impunity wrote:maka wrote:Sober wrote:hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later. How is the price gaining after announcing a loss? There is a trap here for the guys buying Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much.... @maka, can you check inbox on 101 on Bonds please. 2008impunity (at) gmail (dot) com maka.mnoma@gmail.com...you,ve sent something? Sent now. even bonds juzi you saw negotiations for lack of money to pay back  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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timizo wrote:9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles http://www.nation.co.ke/.../-/s98ugvz/-/index.html
http://www.nation.co.ke/...8/-/x31kj8/-/index.html
If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku) wanjiku can't be helped,she will elect the same kanu thieves 2017.chunga mizigo. punda amecheka
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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newfarer wrote:timizo wrote:9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles http://www.nation.co.ke/.../-/s98ugvz/-/index.html
http://www.nation.co.ke/...8/-/x31kj8/-/index.html
If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku) wanjiku can't be helped,she will elect the same kanu thieves 2017.chunga mizigo. the politician is king for this generation ,he knows the power of tribalism "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rank: Member Joined: 8/17/2007 Posts: 294
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I will begin taking comments from Wazuans seriously in future. sob..sob...
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Rank: New-farer Joined: 5/22/2014 Posts: 78
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Rank: Member Joined: 2/7/2014 Posts: 155
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instinct wrote:I will begin taking comments from Wazuans seriously in future. sob..sob... Very true.I learnt this a while back.Any rumour/smoke i see mentioned here, i also look for further information and not dismissing the person. This is what i call the power of information. Kaa Rada
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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newfarer wrote:timizo wrote:9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles http://www.nation.co.ke/.../-/s98ugvz/-/index.html
http://www.nation.co.ke/...8/-/x31kj8/-/index.html
If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku) wanjiku can't be helped,she will elect the same kanu thieves 2017.chunga mizigo. When is elections? ? Next year? Yes! ! Trust me these bank officials will be running for mpigs and go to parliament and head finance committee. They aren't going to be charged in court. Their tribal cronies will come aggressively in their defense. They will hire some villagers from Garissa to stand outside integrity Centre and proclaim our tribe is being finished. Duale will stand on their defence . Kenyans will soon forget what happened and everybody will clap their hands praising them for being legendary tieves. Eacc headed by their fellow tribesmen will clear them off wrongs. Poor wanjiku will face losses through nssf since ni malipo ya uzeeni. @ vvs will also comment that this is why I avoid government stocks. Watch and seeWelcome to kenya where a stray lion running from urban encroachment is being shot down to death instead of being tranquilised and taken to a different park. Wish some of these people can tour western countries and see how cases like nbk, stray lion are handled. Shafting continues ........ By the way where is my friend MaichBlack? ???
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NBK announces 1.2 billion shilling loss
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