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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: 4,824 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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NBK quarter one 2013 profit before tax up slim 3pc
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