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AM I MISSING SOMETHING IN NIC

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madebe		#1 Posted : Wednesday, April 11, 2012 11:02:14 AM
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi		Just looked at the avert in yesterday's paper. EPS 6.72 Given the price currently is 26.5 isn't this thing a damn BUY???? Help i need to make a decision ASAP!
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Insurgent		#2 Posted : Wednesday, April 11, 2012 11:16:24 AM
Rank: User Joined: 8/6/2010 Posts: 594		madebe wrote: Just looked at the avert in yesterday's paper. EPS 6.72 Given the price currently is 26.5 isn't this thing a damn BUY???? Help i need to make a decision ASAP! Who are you screaming at? NIC is also issuing a bonus share in order to convert retained earnings into capital and is issuing rights to raise funds for expansion to Uganda. So, the 6.72 will largely be spent on the expansion project. Did you know the DPS is .25 or 25 cents tu! "One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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madebe		#3 Posted : Wednesday, April 11, 2012 11:27:52 AM
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi		so is it a buy or what?
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mkonomtupu		#4 Posted : Wednesday, April 11, 2012 11:37:08 AM
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road		Buy like 500 shares and wait for the rights issue
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bartum		#5 Posted : Wednesday, April 11, 2012 12:30:56 PM
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi		madebe wrote: so is it a buy or what? stock investing wanjiku style. Let me hope you have lost part of your capital one time.
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madebe		#6 Posted : Wednesday, April 11, 2012 2:34:26 PM
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi		Just bought a few this morning at 25.75 after getting positive vibes from @mkono... and for u info @bartum iam a a veteran having entered NSE during KQ IPO. Many of u were in lower classes........
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maina20		#7 Posted : Wednesday, April 11, 2012 3:42:10 PM
Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi		madebe wrote: Just bought a few this morning at 25.75 after getting positive vibes from @mkono... and for u info @bartum iam a a veteran having entered NSE during KQ IPO. Many of u were in lower classes........ lower classes? it means u should retire.... ..desire to succeed is always fighting with fear of failure..
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eco		#8 Posted : Wednesday, April 11, 2012 4:11:16 PM
Rank: Member Joined: 6/17/2011 Posts: 229		madebe wrote: Just bought a few this morning at 25.75 after getting positive vibes from @mkono... and for u info @bartum iam a a veteran having entered NSE during KQ IPO. Many of u were in lower classes........ @ Preview, more +ve vibes for you... Bank of Uganda on February 15 and March 22, 2012, licenced NIC Bank from Kenya and the Bank of India, respectively to commence retail banking business in the country. Fruitful hunting.
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maina20		#9 Posted : Thursday, April 12, 2012 8:23:38 AM
Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi		madebe wrote: Just bought a few this morning at 25.75 after getting positive vibes from @mkono... and for u info @bartum iam a a veteran having entered NSE during KQ IPO. Many of u were in lower classes........ ..desire to succeed is always fighting with fear of failure..
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gathinga		#10 Posted : Thursday, April 12, 2012 9:17:09 AM
Rank: Veteran Joined: 11/30/2006 Posts: 635		eco wrote: madebe wrote: Just bought a few this morning at 25.75 after getting positive vibes from @mkono... and for u info @bartum iam a a veteran having entered NSE during KQ IPO. Many of u were in lower classes........ @ Preview, more +ve vibes for you... Bank of Uganda on February 15 and March 22, 2012, licenced NIC Bank from Kenya and the Bank of India, respectively to commence retail banking business in the country. Fruitful hunting. Being licensed to operate in a new jurisdiction is not the whole story. You have to look at the banks ability to hack new markets. e.g Equity appears to have totally failed in UG market but did very well in SS. KCB subsidiary in UG broke even after 6 years. How has NIC performed in TZ? Am not too excited about NIC prospects in UG given their target market and business model in Kenya- MEDIUM TO High net worth customers are hard to come by in UG
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