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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
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Joined: 10/7/2010
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Location: nairobi
so is it a buy or what?
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mkonomtupu
#4 Posted : Wednesday, April 11, 2012 11:37:08 AM
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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
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Joined: 8/11/2010
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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
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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
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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
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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
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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
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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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Kremblin
#11 Posted : Thursday, April 12, 2012 9:52:55 AM
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Joined: 4/12/2012
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NIC is not doing so good in TZ.
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madebe
#12 Posted : Thursday, April 12, 2012 12:23:12 PM
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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.

Kwani how does wanjiku invest???
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the deal
#13 Posted : Thursday, April 12, 2012 1:43:03 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
There is an element of dilution on this stock..if you are patient...you will get in at a discount ex bonus or cum rights.
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sparkly
#14 Posted : Thursday, April 12, 2012 8:20:20 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the deal wrote:
There is an element of dilution on this stock..if you are patient...you will get in at a discount ex bonus or cum rights.


@the deal ain't that market timing? Why not buy now if the price is right.
Life is short. Live passionately.
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the deal
#15 Posted : Thursday, April 12, 2012 11:19:12 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
the deal wrote:
There is an element of dilution on this stock..if you are patient...you will get in at a discount ex bonus or cum rights.


@the deal ain't that market timing? Why not buy now if the price is right.

No its called buying lower, you will feel bad even if you bought at the right price if a stock falls 20%, the moment you feel bad you will start doubting yourself smile
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madebe
#16 Posted : Friday, April 20, 2012 2:56:53 PM
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Location: nairobi
nice motoring
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mkonomtupu
#17 Posted : Wednesday, May 16, 2012 4:33:20 PM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
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........


You must be so happysmile smile but pray it does not collapse in price ex-bonusPray Pray
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guru267
#18 Posted : Wednesday, May 16, 2012 5:24:26 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
sparkly wrote:
the deal wrote:
There is an element of dilution on this stock..if you are patient...you will get in at a discount ex bonus or cum rights.


@the deal ain't that market timing? Why not buy now if the price is right.

No its called buying lower, you will feel bad even if you bought at the right price if a stock falls 20%, the moment you feel bad you will start doubting yourself smile


@the deal i hope you are not doubting yourself as you miss out
Mark 12:29
Deuteronomy 4:16
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the deal
#19 Posted : Wednesday, May 16, 2012 7:12:52 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
guru267 wrote:
the deal wrote:
sparkly wrote:
the deal wrote:
There is an element of dilution on this stock..if you are patient...you will get in at a discount ex bonus or cum rights.


@the deal ain't that market timing? Why not buy now if the price is right.

No its called buying lower, you will feel bad even if you bought at the right price if a stock falls 20%, the moment you feel bad you will start doubting yourself smile


@the deal i hope you are not doubting yourself as you miss out

We are in a Bull market, even Unga rallied 20% last week...Eveready is among the top gainers today...to raise Sh2bn...NIC will have to issue more than 100mn shares...
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mkonomtupu
#20 Posted : Thursday, June 07, 2012 10:58:58 AM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
http://www.bloomberg.com...ting-nairobi-mover.html
NIC Bank Ltd., (NICB) a Kenyan lender, jumped to a two-week high after an independent analyst recommended buying the shares.
The stock climbed 0.7 percent to 35 shillings by the end of trading in Nairobi, the highest close since May 23. The volume of shares traded was more than 20 times the three-month average, according to data compiled by Bloomberg.
NIC trades at a price-to-earnings ratio of 5.21 compared with peers such as Diamond Trust Bank Kenya (DTKL) Ltd., which has a ratio of 7.22, according to data compiled by Bloomberg. The bank was rated buy with a target price of 47 shillings on June 4 by Davis Mika, a Nairobi-based independent analyst.
“The stock is trading on very low valuation,” Mika said in a phone interview today. “It is cheap compared to its peers and investors should get the stock at the moment.”

seems @deal has put his doubts aside and made up his mind on NIC...Kudos you are the real deal if you can move the market
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