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NIC Versus VVS
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Once again congrats my brother mzee VVS on NIC sharp rise due to CBA merger plan. If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL) Unfortunately I am not VVS and the choice is his . NOTE:- I do not own any NIC shares Complements of the season VVS.... The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! 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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VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war Don't you wish someone was acquiring KQ  Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Dear @obiero KQ vs NIC/KK/Unga https://www.youtube.com/watch?v=YNSxNsr4wmAGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=VituVingiSana]Dear @obiero KQ vs NIC/KK/Unga https://www.youtube.com/watch?v=YNSxNsr4wmA[/quote] Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war CBA has come to the rescue of NIC;the bad loans weigh heavily on the bank.Every week they are on the newspapers trying to auction properties of defaulters. Those whose buying price is in the 40s,you will be at a loss if CBA decide to delist NIC Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war "Though the deal is being marketed as a merger, it is understood that CBA, which has grown exponentially in the last decade to become a tier one bank will be the one with the last laugh and is understood to be the one buying NIC." Read more at: https://www.standardmedi...-of-africa-merger-talks
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:obiero wrote:VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war "Though the deal is being marketed as a merger, it is understood that CBA, which has grown exponentially in the last decade to become a tier one bank will be the one with the last laugh and is understood to be the one buying NIC." Read more at: https://www.standardmedi...-of-africa-merger-talks
CBA Assets 238B, NIC Assets 200B. They operate in similar markets geographically. Looks like a merger to me. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war "Though the deal is being marketed as a merger, it is understood that CBA, which has grown exponentially in the last decade to become a tier one bank will be the one with the last laugh and is understood to be the one buying NIC." Read more at: https://www.standardmedi...-of-africa-merger-talks
CBA Assets 238B, NIC Assets 200B. They operate in similar markets geographically. Looks like a merger to me. But not of equals or 50:50 sharing. Lets wait to see the finer details Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:sparkly wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:young wrote:Once again congrats my brother mzee VVS
on NIC sharp rise due to CBA merger plan.
If I were you I would have sold off at 30+ now and take position with other few promising counters (Safcom, KCB EABL)
Unfortunately I am not VVS and the choice is his .
NOTE:- I do not own any NIC shares
Complements of the season VVS... Asante sana. I don't have many NIC but I have a long history with it. It used to belong to StanChart, as the majority shareholder, then to BBK which spun it off. Then the Ndegwas came in and merged it with AmBank. 2019 might be a good year if KK, Unga (maybe - if Seaboard makes another attempt) and NIC close in my favor. I hope another buyer pops up for NIC to create a bidding war! NIC is in bad shape. Expect no bidding war "Though the deal is being marketed as a merger, it is understood that CBA, which has grown exponentially in the last decade to become a tier one bank will be the one with the last laugh and is understood to be the one buying NIC." Read more at: https://www.standardmedi...-of-africa-merger-talks
CBA Assets 238B, NIC Assets 200B. They operate in similar markets geographically. Looks like a merger to me. But not of equals or 50:50 sharing. Lets wait to see the finer details CBa BV = 104/- NIC = 54/- So PAT if you combine them straight line which obviously doesn’t work that way would be 9.1B as a best case scenario. 400B in assets =9.1B PAT
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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There's someone for everyone: KK is being pursued by Rubis NIC is being pursued by CBA Unga is being pursued by Seaboard Even ARM has suitors... And KQ is being pursued by creditors https://www.youtube.com/watch?v=YNSxNsr4wmAGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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VituVingiSana wrote:There's someone for everyone: KK is being pursued by Rubis NIC is being pursued by CBA Unga is being pursued by Seaboard Even ARM has suitors... And KQ is being pursued by creditors https://www.youtube.com/watch?v=YNSxNsr4wmA
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Rank: New-farer Joined: 9/20/2010 Posts: 79
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@VVS have you started profit taking leo mukakaamulia kashuke to 27.55
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Kalameni wrote:@VVS have you started profit taking leo mukakaamulia kashuke to 27.55 I don't "trade" and I am a-OK holding on for now. I will let it play out given I am the patient sort. Do note this might end up initially as a "merger of equals" with NIC and CBA shareholders getting shares in CBA-NIC. Similar to CFC-Stanbic. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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VituVingiSana wrote:Kalameni wrote:@VVS have you started profit taking leo mukakaamulia kashuke to 27.55 I don't "trade" and I am a-OK holding on for now. I will let it play out given I am the patient sort. Do note this might end up initially as a "merger of equals" with NIC and CBA shareholders getting shares in CBA-NIC. Similar to CFC-Stanbic. 53:47 CBA:NIC and the trades at 33 but a cash offer would have been a better option for me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:VituVingiSana wrote:Kalameni wrote:@VVS have you started profit taking leo mukakaamulia kashuke to 27.55 I don't "trade" and I am a-OK holding on for now. I will let it play out given I am the patient sort. Do note this might end up initially as a "merger of equals" with NIC and CBA shareholders getting shares in CBA-NIC. Similar to CFC-Stanbic. 53:47 CBA:NIC and the trades at 33 but a cash offer would have been a better option for me. In the old days, the merger news would have shot NIC to over 100. How I miss the old days... Life is short. Live passionately.
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Rank: Member Joined: 1/1/2011 Posts: 396
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sparkly wrote:VituVingiSana wrote:VituVingiSana wrote:Kalameni wrote:@VVS have you started profit taking leo mukakaamulia kashuke to 27.55 I don't "trade" and I am a-OK holding on for now. I will let it play out given I am the patient sort. Do note this might end up initially as a "merger of equals" with NIC and CBA shareholders getting shares in CBA-NIC. Similar to CFC-Stanbic. 53:47 CBA:NIC and the trades at 33 but a cash offer would have been a better option for me. In the old days, the merger news would have shot NIC to over 100. How I miss the old days... I think heightened oversight prevented insider trading ahead of the announcement and market manipulation.
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Rank: Member Joined: 7/13/2006 Posts: 94 Location: Nairobi
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In the old days, the merger news would have shot NIC to over 100. How I miss the old days...[/quote] CBA is good news for NIC but for how long? Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Murenju wrote:
In the old days, the merger news would have shot NIC to over 100. How I miss the old days...
CBA is good news for NIC but for how long? [/quote] Cream rises to the top. Patience is important. Is CBA-NIC cream or not?Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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