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NBK- a junk stock?
Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu
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managed to get out at +13% after paying brokerage fees. Not bad for 1week, Phew!!!!
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Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu
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its up 9.76%, no supply!!!! with a demand of 40,300
Quantity Price Time
400 45.00 10:09
12,700 45.00 10:09
1,100 45.00 10:09
2,000 44.50 10:09
9,100 44.00 10:09
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Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu
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this 'junk'is still going up now @48.00, what do wazua analysts have to say concerning its upward momentum?
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Jaguar wrote:this 'junk'is still going up now @48.00, what do wazua analysts have to say concerning its upward momentum? Btw guys, is NBK a junk because you don't understand it's fundamentals or because you just decided it is?
BBI will solve it :)
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote:Jaguar wrote:this 'junk'is still going up now @48.00, what do wazua analysts have to say concerning its upward momentum? Btw guys, is NBK a junk because you don't understand it's fundamentals or because you just decided it is? @2012 whether NBK is a junk stock or not will be decided by whoever wins the restructuring battle... but from price action it looks like investors are anticipating an NSSF win... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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People... NBK is doing OK... the question is NOT whether NBK is a junk stock (IMHO, it is not)... the question is of PRICE... Is NBK worth the 48/-??? Or more? Or less? Paka (as I argued in another forum is not worthless... just not worth 4/-)... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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guru267 wrote:whether NBK is a junk stock or not will be decided by whoever wins the restructuring battle... but from price action it looks like investors are anticipating an NSSF win...
NBK has consistently performed exceptionally well under Marambii for the last few years. There's no way you can categorize NBK with the likes of Eveready. It's an exceptionally good counter for any investor.
BBI will solve it :)
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote:guru267 wrote:whether NBK is a junk stock or not will be decided by whoever wins the restructuring battle... but from price action it looks like investors are anticipating an NSSF win...
NBK has consistently performed exceptionally well under Marambii for the last few years. There's no way you can categorize NBK with the likes of Eveready. It's an exceptionally good counter for any investor. @2012 please dont compare the company's perfomance to the share perfomance... i know NBK is a very exceptionally managed company but if the restructuring formula that GOK is proposing for the company comes to pass then maybe you'll see how shareholder value can be destroyed no matter how good the company's perfomance... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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guru267 wrote:@2012 please dont compare the company's perfomance to the share perfomance... i know NBK is a very exceptionally managed company but if the restructuring formula that GOK is proposing for the company comes to pass then maybe you'll see how shareholder value can be destroyed no matter how good the company's perfomance...
@guru, to me the two cannot be detached. A company performance should determine the share performance. All the same I understand what you are saying and it casts a dark shadow on NBK but there's a chance this story might just end well. So let's meet on the other side after the acquisition as I'm also not buying before I fully understand what's cutting.
BBI will solve it :)
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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If there is such a thing as a junk stock in the NSE, then it is ACCESS KENYA. When every stock is moving north, AK is taking the opposite direction. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu
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@bgl, contrarian investors like me are buying this 'AK junk'pole pole on its southward movement
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Jaguar wrote:@bgl, contrarian investors like me are buying this 'AK junk'pole pole on its southward movement @ Jaguar, all the best. I hope AK has a good strategy going forward not to disappoint investors like yourself. But to be honest I think AK needs some deep pockets from somewhere or a miracle from somewhere.
BBI will solve it :)
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Jaguar, kumbe siko peke yangu. I think AK is a solid company. Its downward spiralling in its price should be a good opportinity to buy into it. Its not as if the company is going bankrupt. There is nothing better than buying battered stock of good companies e.g SAFCOM at 2.90/= I hope it goes to 15 bob so I can increase. GOD BLESS YOUR LIFE
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Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu
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@youcan'tstopusnow, all internet service providers are facing competition from their rivals, even safcom is feeling the heat from yu, + airtel coming soon. Does that make safcom a junk? Anyway, i just hope this negative talk about AK continues so that i get more at ridiculously low prices
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@ jaguar and @longname, for once i agree with you both. Access with more customers, more assets, higher turnover and a growing economy is certainly a safer buy at 19/- than than it was when it sold at 35/- two years ago. Surprising there were more investors on SK shouting 'buy' than 'sell' at that time. Am watching closely... Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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No junk stocks... only junk firms... LOL... Ultimately, if you pay too much then you feel screwed hence the tag 'junk' 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: 13,517 Location: nairobi
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And now.. The MD is about to be imprisoned www.standardmedia.co.ke/...ational-bank-of-kenya-md
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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The bank should just be folded or it's good assets stripped off and taken over by another bank. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/27/2006 Posts: 503
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what happened to the merger talks with consolidated bank? or KCB's proposed buyout?
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