Wazua
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NIC Bank HY 2014 earnings up 9%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Not sure what to say other than Uganda and Tanzania are both profitable and showed good improvement https://www.nse.co.ke/listed-com...c-bank-half-year-results
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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PAT up 7.9%. Not good for a Tier 2 bank,just enough to cover inflation! @SufficientlyP
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Rank: New-farer Joined: 4/1/2014 Posts: 47
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When can we expect roar and memba report? Any date earlier than 30th august.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Has member developed cold feet,i wonder how fast q1 was released. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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They have released early due to the rights issue being announced on 30th July 2014 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Bond issue for August Rights issue for September. Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 1/20/2014 Posts: 3,528
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They have AGM to ratify the Rights issue on Monday 28.07.204. When are they likely to announce the details of the rights issues; how many shares, ratio of rights, price etc? Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Othelo wrote:They have AGM to ratify the Rights issue on Monday 28.07.204. When are they likely to announce the details of the rights issues; how many shares, ratio of rights, price etc? at the agm The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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This may or may not be a profitable rights issue by NIC, with their price collapses every now and then, they are not a liked share, but their pricing of the rights may swing the pendulum if they dangle a good one.
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Rank: Member Joined: 6/15/2013 Posts: 301
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Tall Order wrote:This may or may not be a profitable rights issue by NIC, with their price collapses every now and then, they are not a liked share, but their pricing of the rights may swing the pendulum if they dangle a good one. Agree.....there is lethargy surrounding this share don't think this rights issue will be as successful as the last one....plus luke warm half year results will not help..
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Why have they decided a bond issue then a rights issue a month later.. Me thinks it should be the other way around! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Is that the way is gonna go, bond issue followed by a rights issue? Best of luck to them! Me too thinks it should be the other way round. We'll watch how this spans out in the coming months.
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Rank: Member Joined: 2/7/2014 Posts: 155
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Why not float the bond and then maybe next year consider rights issue...two of those same year seems too much and worse of in an inverse mode
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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The NIC EGM was supposed to be on 29 July but that has been declared a holiday... So when has it been postponed to? Date, Time, Location? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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@VVS The EGM has been moved to Wednesday 6th August (also via Newspaper notice). Venue: KICC from 1100 Hours for the main purposes of authorising the rights issue...see you there! I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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The notice of EGM ... #2(ii) is very shady. It gives full control to the directors (appointed by the Ndegwas) to allocated the Untaken Shares/Rights to the Ndegwas. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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NIC Bank needs to tell us what they are aiming at. It's not just raising money here alone, because they can explore one of the options to raise money, either through a bond or a rights issue, while a bond raises money without diluting the share price, a rights may raise funds but also either dilute the price or not but may make the share liquid in trading.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Tall Order wrote:NIC Bank needs to tell us what they are aiming at. It's not just raising money here alone, because they can explore one of the options to raise money, either through a bond or a rights issue, while a bond raises money without diluting the share price, a rights may raise funds but also either dilute the price or not but may make the share liquid in trading. Isn't that what you'd want? Who wants illiquid shares? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 8/17/2010 Posts: 116
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how NIC Share capital are gone up by 20% to 3,257,905k as on 30.06.2014 from 2,714,921k as on 31.03.2014. They have issued 10% Bonus Share.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Pesa Nane plans to be shilingi when he grows up.
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NIC Bank HY 2014 earnings up 9%
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