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We Rate NIC Bank Accumulate, Price target Sh52 by April 2012
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the deal
#41 Posted : Wednesday, July 20, 2011 6:58:47 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Link is now working...download the report here http://contrarianinvestingkenya.info
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Aguytrying
#42 Posted : Wednesday, July 20, 2011 8:05:33 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@ the deal. that is a very clear, objective, unbiased review of NIC bank. Its also very easy to understand and well structured. Also has a nice flow. It is a very good report, kudos!

one question though. How did you arrive at target price of 52. if projected pe 6.0* projected eps 6.6=39.6.

Its an impressive company, if they could expand but maintain the metrics they have now, It would be a fantastic long term play.
The investor's chief problem - and even his worst enemy - is likely to be himself
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QW25071985
#43 Posted : Wednesday, July 20, 2011 8:59:08 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Aguytrying wrote:
@ the deal. that is a very clear, objective, unbiased review of NIC bank. Its also very easy to understand and well structured. Also has a nice flow. It is a very good report, kudos!

one question though. How did you arrive at target price of 52. if projected pe 6.0* projected eps 6.6=39.6.

Its an impressive company, if they could expand but maintain the metrics they have now, It would be a fantastic long term play.


you dnt need to be a math guru to know the target price :

Just do :

Price x ((current P/E) / (forward P/E)) = future price (or price target)
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mkonomtupu
#44 Posted : Thursday, July 21, 2011 10:07:29 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
@deal, very good report the math is easy to understand(May God bless you) I have gone with your recommendation(noting the DISCLAIMER and my gut feeling) and put in orders for NIC at 36.75, this is a leap of faith selling KPLC to buy NIC(boy I hope the Q2 numbers don't shock me).
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FUNKY
#45 Posted : Thursday, July 21, 2011 10:12:34 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ the deal - please do an analysis on Olympia Capital Holdings...I want to buy them for speculation purposes.
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Cde Monomotapa
#46 Posted : Thursday, July 21, 2011 10:25:27 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
FUNKY wrote:
@ the deal - please do an analysis on Olympia Capital Holdings...I want to buy them for speculation purposes.

What does this company do for an existance?
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Sober
#47 Posted : Thursday, July 21, 2011 11:01:35 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
FUNKY wrote:
@ the deal - please do an analysis on Olympia Capital Holdings...I want to buy them for speculation purposes.


OLYMPIA!? the closest i have come to them is in the fantasey market. inn real life it reades very little shares so your order may stay for long before it gets a match, after you review it several times.
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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Sober
#48 Posted : Thursday, July 21, 2011 11:03:12 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
mkonomtupu wrote:
@deal, very good report the math is easy to understand(May God bless you) I have gone with your recommendation(noting the DISCLAIMER and my gut feeling) and put in orders for NIC at 36.75, this is a leap of faith selling KPLC to buy NIC(boy I hope the Q2 numbers don't shock me).


i am mark-timing as i wait for this gem at 32-35. i hope we be there tommorrow friday.
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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QW25071985
#49 Posted : Thursday, July 21, 2011 11:05:40 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
ati Oly.... ????!!!!
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Sober
#50 Posted : Thursday, July 21, 2011 11:09:16 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
mkonomtupu wrote:
i think NIC touched 54 this year after announcement of the full year results


factor in the 10 percent gains we made (bonus shares 1:10)and you realise the price ought to have been over 60.00 before the market slump began.
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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