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NIC GROUP Q3 2017
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Ericsson
#1 Posted : Thursday, November 23, 2017 11:14:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Profit before tax at ksh.4.391bn versus 4.739bn in 2016
Profit after tax at ksh.3.319bn versus 3.363bn in 2016

Net loans and advances at ksh.118.52bn versus 110.47bn in 2016
Customer deposits at ksh.131.429bn versus 108.358bn in 2016
Net non-performing loans at ksh.7.634bn versus 8.597bn in 2016

https://www.nse.co.ke/li...mpany-announcements.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#2 Posted : Thursday, November 23, 2017 3:03:14 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
So this is the only bank with 'improved' performance? How did they achieve it!!!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Sir Jones
#3 Posted : Thursday, November 23, 2017 3:13:38 PM
Rank: Member


Joined: 3/10/2009
Posts: 36
Angelica _ann wrote:
So this is the only bank with 'improved' performance? How did they achieve it!!!!!!


@Angelica, plse look at the figures again. What improvement is there when the bottom line is declining?
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obiero
#4 Posted : Thursday, November 23, 2017 3:38:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Sir Jones wrote:
Angelica _ann wrote:
So this is the only bank with 'improved' performance? How did they achieve it!!!!!!


@Angelica, plse look at the figures again. What improvement is there when the bottom line is declining?

KCB is the only bank to post an improved PBT as well as PAT

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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shocks
#5 Posted : Thursday, November 23, 2017 8:32:03 PM
Rank: Member


Joined: 3/15/2009
Posts: 359
Dande seems to believe this is a must buy, mnaona aje¿
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the deal
#6 Posted : Friday, November 24, 2017 11:02:15 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
shocks wrote:
Dande seems to believe this is a must buy, mnaona aje¿

As an acquisition target...for me.. The local ownership is a problem... Remember Chase Bank? In case of trouble... There is no parent to bail out this chip...
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Ericsson
#7 Posted : Friday, November 24, 2017 11:18:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
the deal wrote:
shocks wrote:
Dande seems to believe this is a must buy, mnaona aje¿

As an acquisition target...for me.. The local ownership is a problem... Remember Chase Bank? In case of trouble... There is no parent to bail out this chip...


Don't buy a counter/company if you don't trust the management
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#8 Posted : Monday, November 27, 2017 4:18:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Ericsson wrote:
the deal wrote:
shocks wrote:
Dande seems to believe this is a must buy, mnaona aje¿

As an acquisition target...for me.. The local ownership is a problem... Remember Chase Bank? In case of trouble... There is no parent to bail out this chip...


Don't buy a counter/company if you don't trust the management

It's a good buy, but not better than DTB, though personally I am keeping away from financials for good reason right now

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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muandiwambeu
#9 Posted : Monday, November 27, 2017 10:57:06 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
obiero wrote:
Ericsson wrote:
the deal wrote:
shocks wrote:
Dande seems to believe this is a must buy, mnaona aje¿

As an acquisition target...for me.. The local ownership is a problem... Remember Chase Bank? In case of trouble... There is no parent to bail out this chip...


Don't buy a counter/company if you don't trust the management

It's a good buy, but not better than DTB, though personally I am keeping away from financials for good reason right now

How did the tsss saga dust settle in here?
,Behold, a sower went forth to sow;....
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Pesa Nane
#10 Posted : Monday, January 15, 2018 10:44:02 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
del
Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#11 Posted : Monday, January 15, 2018 10:48:13 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Pesa Nane wrote:
del

Wewe wacha Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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