Wazua
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We Rate NIC Bank Accumulate, Price target Sh52 by April 2012
Rank: Elder Joined: 11/27/2007 Posts: 3,604
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could someone plese explain to me who is selling this stock(i sold mine)at this sub 40 price, yesterday close to a million shares were traded. 962,000 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: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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probably the same guys who were selling mumias, looks like someone shares are being sold to recover debts
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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We are in a bear market and people are willing to sell at any price.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Sober wrote: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. I suspect it can do worse. Sub 30.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Gordon Gekko wrote:Sober wrote: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. I suspect it can do worse. Sub 30. are you trying to suggest that i secure 10% more stake at sub 30. oh no, that will be the best bargain i ever received since the KPLC buy at 102 during the PEV. 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: 6/2/2008 Posts: 1,438
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@Sober, it looks like you may just get your wish. I bought this counter at 40 last week, thinking I had got myself a bargain. Now between the two of us, it appears to be quite clear, who's smarter now  ! Gordon Gekko wrote:Sober wrote: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. I suspect it can do worse. Sub 30.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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This is one hell of a job Keep up the good work. I noticed a discrepancy In your 2010 ROA statement and a 2010 CBK statement in which it states the ROA as follows. KCB ROA = 5.17% Equity ROA = 6.95 When I calculate it,I come to the same conclusion as you,what would be causing this discrepancy given that NIC 2010 ROA is not affected. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mwanahisa wrote:@Sober, it looks like you may just get your wish. I bought this counter at 40 last week, thinking I had got myself a bargain. Now between the two of us, it appears to be quite clear, who's smarter now ! Gordon Gekko wrote:Sober wrote: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. I suspect it can do worse. Sub 30. i will not boast of that. i was just selling to get funds for the bank de kigali IPO, i didnt base on fundamentals. and now as it stands i am thinking of picking the stock again because of the risk of being refunded a lot of money in the Rwandese bourse. 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: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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selah wrote:This is one hell of a job Keep up the good work. I noticed a discrepancy In your 2010 ROA statement and a 2010 CBK statement in which it states the ROA as follows. KCB ROA = 5.17% Equity ROA = 6.95 When I calculate it,I come to the same conclusion as you,what would be causing this discrepancy given that NIC 2010 ROA is not affected. Maybe folks at CBK have different numbers or maybe they were calculating adjusted ROA I.e remove non perfoming assets from Total assets 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Sober wrote:the deal wrote:NIC has the best loan book among kenyan banks...it has the most efficient branch net work, the lowest cost to income ratio... The 10 page report is free to members of http://contrarianinvestingkenya.info. All you need to do is register. I just sold al my NIC bank shares at a low price of 42 (or so i thought) and i will be timing then in the 32-35 region probably before the year ends. Do not buy now but wait for the sub 35 price Possible. A strong bank whose price swings back and forth because of it small size and very low dividend policy. Life is short. Live passionately.
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Wazua
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We Rate NIC Bank Accumulate, Price target Sh52 by April 2012
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