Aguytrying wrote:Danster wrote:Is it a good share at the current price considering that they will post good results at the end of year.
It's a fair company at a good price. Rather look for A good company at a fair price.
I am not sure it is a fair company at a good price either. NBK breached a key CAR on 31st March. IMHO, management 'fiddled' with the (unaudited) NPLs (look at the Provisions) as of 30 June to meet the CARs.
Anyway, I'd rather go for I&M or KCB or NIC or DTB or Equity at current prices. These banks are not breaching their CARs.
I&M has the clout (& funds) to buy Giro & add 0.50% to its market share of 4.10%.
Equity has a new 'powerful' set of investors eg NSSF, NorFund, etc who can easily provide Equity with equity. In addition, we have seen Equity is willing to issue shares to buy other banks.
NIC & DTB have a policy of small but successful Rights Issues every 2 years that doesn't strain their existing shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett