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NBK quarter one 2013 profit before tax up slim 3pc
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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vastcapital wrote: .... The increase in HTM ... could be explained outstanding government debts which are always converted to HTM debt atleast for NBK. ... SMH …. NBK still does convert government debt to HTM!!! … I now understand why loans reduced by the same margin that HTM increased. …. Too bad …. SMH
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekez@ji wrote:Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B If KQ rights is anything to go by, RUN BABY RUN! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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dunkang wrote:mwekez@ji wrote:Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B If KQ rights is anything to go by, RUN BABY RUN! At least KQ doesnt have preferential shares hidden in the closet... The rights dilution will be a flood gate!?
@cde - will you dive in again? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:dunkang wrote:mwekez@ji wrote:Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B If KQ rights is anything to go by, RUN BABY RUN! At least KQ doesnt have preferential shares hidden in the closet... The rights dilution will be a flood gate!?
@cde - will you dive in again? TBD...
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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On matters bond trading how many of you know what NBK is used for?if you dont do your research plus which investment bank executes most trades for them... possunt quia posse videntur
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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maka wrote:On matters bond trading how many of you know what NBK is used for?if you dont do your research plus which investment bank executes most trades for them... the same can be said of any bank with a custodial business no? I&m nbk BoA?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears. Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it.
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Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
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mwekez@ji wrote:Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B Cant you see that the bank has been depressed for way too long. look at the spread of its networks with 55 branches and a plan to add 15 in the next one year, it should have done better. Huge government accounts and high liqidity which translates to a potential loan bk growth.In many ways this has been a depressed entity that is now evolving under the new mgt style. Munir has to fix this tyre when the car is moving coz the industry is very competitive. Mark you he wants to be in top tier by 2017! The bank has a HTM bond worth 5yards that matures on 24/05/2013 the same day they have chosen to rebrand hope Munir is not playing around with the bucks...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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vastcapital wrote:mwekez@ji wrote:Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B Cant you see that the bank has been depressed for way too long. look at the spread of its networks with 55 branches and a plan to add 15 in the next one year, it should have done better. Huge government accounts and high liqidity which translates to a potential loan bk growth.In many ways this has been a depressed entity that is now evolving under the new mgt style. Munir has to fix this tyre when the car is moving coz the industry is very competitive. Mark you he wants to be in top tier by 2017! The bank has a HTM bond worth 5yards that matures on 24/05/2013 the same day they have chosen to rebrand hope Munir is not playing around with the bucks... Increase branches? HELLOOOO! They should first ensure most of the existing are busy be4 opening others. Just visit their branches outside Nai and u will worder what their use are. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:vastcapital wrote:mwekez@ji wrote:Mind boggling this dilution >>> Munir is quoted to saying NBK is looking to raise over KES 10B from the coming rights issue. Thats >170% of NBK market cap of KES 5.7B Cant you see that the bank has been depressed for way too long. look at the spread of its networks with 55 branches and a plan to add 15 in the next one year, it should have done better. Huge government accounts and high liqidity which translates to a potential loan bk growth.In many ways this has been a depressed entity that is now evolving under the new mgt style. Munir has to fix this tyre when the car is moving coz the industry is very competitive. Mark you he wants to be in top tier by 2017! The bank has a HTM bond worth 5yards that matures on 24/05/2013 the same day they have chosen to rebrand hope Munir is not playing around with the bucks... Increase branches? HELLOOOO! They should first ensure most of the existing are busy be4 opening others. Just visit their branches outside Nai and u will worder what their use are. Well said @dunkang. .... and NBK needs alot of agency banking which will save it operational cost. Too bad i have not seen any NBK agent
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears. Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it. Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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selah wrote:Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears. Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it. Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue. Where gok has participated, rights have been a sour affair.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:selah wrote:Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears. Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it. Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue. Where gok has participated, rights have been a sour affair. Btw @hisah what NBK intends is a replica of what happened with KPLC so...not to worry abt GoK.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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selah wrote:Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears. Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it. Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue. 
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Rank: Member Joined: 8/27/2012 Posts: 136
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They are re-branding shifting from green colors to yellow...if you have seen the ads in the papers that's them....lets see if this will shore up the numbers lol
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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oltome wrote:They are re-branding shifting from green colors to yellow...if you have seen the ads in the papers that's them....lets see if this will shore up the numbers lol what we can certainly tell is that this is a cost in medium term. Any idea how much they have budgeted for this rebranding .... on results of the rebranding, we await, kenya power rebranding dint change much. ... Hope this one the best
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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Cde Monomotapa wrote:hisah wrote:selah wrote:Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:This bank needs a earnings revolution by the Rights to redeem itself, thus, picked a few at 20.25. I thought you'd wait for the rights to be structured before diving in. That dilution... I can't bring out my contrarian on this one. Too risky and foggy. Will join this party much later when the fog clears. Hehe.. I see. Call it a down payment/commitment fee. As long as Rights is next year then earnings have to be worked on this year to shore up share price. Or even PPT it. Interesting idea....I think it has been the trend for most counters....pushing up the price b4 a right issue. Where gok has participated, rights have been a sour affair. Btw @hisah what NBK intends is a replica of what happened with KPLC so...not to worry abt GoK. Doom for the other shareholders. KPLC shareholders were conned by GoK. They were told there is a Rate Increase (Review) within 6 months... 3 years later? Nada. Where GoK ends up with the majority or a substantial say... it generally goes downhill. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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