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National Bank Q3 2013 Reslts
Rank: Member Joined: 11/1/2013 Posts: 257
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Magnate wrote:we are firmly @ 26.25
Demand 140,800
Supply 10,100 @ 27.0
@ 27.0 Demand 145k Supply 12k No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Someday I will buy you your favorite drink Mweke.. Foresight..
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Rank: Member Joined: 11/1/2013 Posts: 257
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@ 28.5 Demand 72k Supply 22k No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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National Bank resists Auditor General’s scrutiny"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: Chief Joined: 5/31/2011 Posts: 5,121
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gatoho wrote:Someday I will buy you your favorite drink Mweke.. Cheers Gatoho. Lets make the $money$
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Rank: Member Joined: 11/1/2013 Posts: 257
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mwekez@ji wrote:gatoho wrote:Someday I will buy you your favorite drink Mweke.. Cheers Gatoho. Lets make the $money$ There is no need of checking the price of this stock just check the date + 1 this has been the trend since 25th Nov No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Magnate wrote:mwekez@ji wrote:gatoho wrote:Someday I will buy you your favorite drink Mweke.. Cheers Gatoho. Lets make the $money$ There is no need of checking the price of this stock just check the date + 1 this has been the trend since 25th Nov Breakout ;-) 
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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cde calls another bank recovery. what's the dilutive effect of the rights issue. esp on pe, eps and nav/share. don't forget the preference shares. this must be the first stock ive seen rally after announcing a rights issue. could be a good play if the post rights is not too dilutive The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:cde calls another bank recovery.
what's the dilutive effect of the rights issue. esp on pe, eps and nav/share. don't forget the preference shares. this must be the first stock ive seen rally after announcing a rights issue. could be a good play if the post rights is not too dilutive Indeed. NBK is a real tact one driven by the 'when & how' of events & transactions near-term as listed by @Aguy. Overall, growing earnings and a clear new direction being delivered by NBK will see it through.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Aguytrying wrote:cde calls another bank recovery.
what's the dilutive effect of the rights issue. esp on pe, eps and nav/share. don't forget the preference shares. this must be the first stock ive seen rally after announcing a rights issue. could be a good play if the post rights is not too dilutive Indeed. NBK is a real tact one driven by the 'when & how' of events & transactions near-term as listed by @Aguy. Overall, growing earnings and a clear new direction being delivered by NBK will see it through. i.e Earnings growth outperforming one-off expansion(s) in no. of issued shares (also assuming increased liquidity behaves on the demand/supply trading dynamics)
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:hisah wrote:@mwekezaji - I was to alert you when NBK break out of the upper BB bound. Well if it closes today above 22.40, then this will be a bullish break with targets around 25 - 30. Cheers @hisah. I notice brokers have started to turn bullish on this counter with a caution on dilution. Read what Kestrel has today written in their NBK Q3 detailed results note: National Bank is trading at a trailing P/E ratio of 5.0x and a P/B ratio of 0.6x, below the banking sector averages of 9.3x and 2.1x respectively. Its ROE is 11.0% compared to the sector average of 21.6%. Going forward, its ongoing transformation program will improve its medium-term performance chiefly by addressing the high NPL and CTI Ratios thus making the stock attractive as current levels. National Bank plans to conduct a Rights Issue in 2014 to raise KES 10.0bn to fund regional expansion. 17 days later the breakout plays out as expected for this banking laggard. However plenty of barriers as stated by @aguy with pref shares and a heavy rights issues coming up.
#Rooting for laggards...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 4/14/2011 Posts: 639
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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interesting approach coming from the new captain. he's js building the stock through announcements without actual action. as an investor u have to like his buccaneer approach..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 11/1/2013 Posts: 257
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@ 31.50 demand 105,000 Supply 21,000 Forward match .. .. .. .. No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 11/1/2013 Posts: 257
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Impressive forward thrust. 1st Nov 2013 price was 20 9th Jan 2014 current price 33.25 66% gain within 2 months.thats approx 61% returns inclusive of commisions. Will we make to the former highs of 45? No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The final year results will add more fuel, but thats when i will exit. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The final year results will add more fuel, but thats when i will exit. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Magnate wrote:Impressive forward thrust.
1st Nov 2013 price was 20
9th Jan 2014 current price 33.25
66% gain within 2 months.thats approx 61% returns inclusive of commisions.
Will we make to the former highs of 45? watch this space I remember NBK in the 70's,but the rise in the last 3 months,impressive.As these price rise one has to keep their eyes open,markets do not rise indefinitely.
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Rank: Member Joined: 11/1/2013 Posts: 257
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 cnn wrote:Magnate wrote:Impressive forward thrust.
1st Nov 2013 price was 20
9th Jan 2014 current price 33.25
66% gain within 2 months.thats approx 61% returns inclusive of commisions.
Will we make to the former highs of 45? watch this space I remember NBK in the 70's,but the rise in the last 3 months,impressive.As these price rise one has to keep their eyes open,markets do not rise indefinitely. 70's i assume a split came through at some point anyway its interesting to note the hacksaw blade type of a pattern over the years on the successive highs and lows.check this out Period - PriceJan 2007 - 45Nov 2007 - 20 Jul 2008 - 45Mar 2009 - 20 Feb 2011 - 45Jan 2013 - 18 Jan 2014 - 33.25 Mar 2014 FY results ?? No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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If you like NBK you may also like the other Laggard, also called leper at some point MUMIAS- MSC #Rooting for laggards 2014 The investor's chief problem - and even his worst enemy - is likely to be himself
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