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NBK announces 1.2 billion shilling loss
Rank: New-farer Joined: 5/15/2015 Posts: 26
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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FY2015 Ksh1.2 billion in loss....that share price will be knocked out
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Rank: Member Joined: 1/14/2014 Posts: 178
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This should not be allowed in an open market! NO NO NO!!! Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Member Joined: 3/17/2009 Posts: 201
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Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi
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sad to see the bank joining the league of billion loss making companies (KQ,MUMIAS, UCHUMI, ETC) ..desire to succeed is always fighting with fear of failure..
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Oh my, just finished going through the report:
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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And the share price is now going up , madness
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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streetwise wrote:And the share price is now going up , madness Check well,i think those were orders of yesterday pending,nssf will lose massively here but they have enough money to save this monkey "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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This is heading to 1/= to join Mumias.Being a govt firm, there is no turnaround in sight!
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Rank: User Joined: 1/20/2014 Posts: 3,528
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@maka what sayeth you on this .........  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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whiteowl wrote:This is heading to 1/= to join Mumias.Being a govt firm, there is no turnaround in sight! can i see well,one dude wants 300k shares for 1bob a piece?? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! This is bad... possunt quia posse videntur
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later. How is the price gaining after announcing a loss? There is a trap here for the guys buying African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Sober wrote:hisah wrote:whiteowl wrote:heri wrote:muganda wrote:Oh my, just finished going through the report:
Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up How can HY profits reverse to such a loss at year end This makes one question all banks' results posted before the new CBK governor came in. That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out! So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later. How is the price gaining after announcing a loss? There is a trap here for the guys buying Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much.... possunt quia posse videntur
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Rank: Member Joined: 10/26/2015 Posts: 151
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mlennyma wrote:whiteowl wrote:This is heading to 1/= to join Mumias.Being a govt firm, there is no turnaround in sight! can i see well,one dude wants 300k shares for 1bob a piece??  I also thought I needed stronger lenses
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NBK announces 1.2 billion shilling loss
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