hisah wrote:Am I the only one noting that both KCB and DTB are not fairing well since they absorbed Chase dirt... I hope NIC knows what it's doing with IBL dirt.
I remain short banks until the fog clears, which will take a while now that brexit has triggered.
I have some alternate theories.
Kcb. It's the NPL spike. NPL of 30bn ain't nothing to sneeze at and if provisions increase profits could stagnate or decline.
Rights issue..and more so why a rights issue now with all the banking drama. Add this cocktail to ongoing bear run. Making investors. Also a gov controlled bank before election year... Damn it has baggage
Equity fairing well coz it lacks all this drama..
The investor's chief problem - and even his worst enemy - is likely to be himself