I checked out a couple of cars on their website but they don't look worth the asking price.

it's normal to fish highier than you have given out in auction giving room for offers

After seeing what they did to the Unga shareholders, the "wenyewe" might be planning another heist.

NIC isn't a core holding but Unga. Whatever happens to us in Unga is a harbinger for NIC.

Going forward I will avoid companies with too much retained earnings. NIC should be dishing dividends like KCB but they are so mean yet management see a pot of retained earnings and they go on silly expansion drives or funding some ventures with little shareholder value. Yet another soko mjinga manenos after my HF escapade

they bought 7.5million shares for 256m early this year

NIC Bank caught again in dubious firms;

https://www.businessdail...59858-vlrpsc/index.html
"The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017."

what was the collateral?sack someone if the business was part of security

😆LOL pole lakini VVS

Sorry for what? Back in the day, we used to buy everything. Never sold. This was a BBK subsidiary at one point. I have received a few bonuses too.

Unlike folks pretending to make money, I am happy to share where I have made losses. and more important WHY?
[Though NIC is probably profitable given the bonuses, etc over the years]

One important lesson I learnt is to have no more than 5 core holdings.
Properly researched and go in big [15-30% each].

I need to find a suitable replacement for KK and you folks are welcome on my journey. NIC doesn't fit the bill since I already have one bank and a reinsurer.