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Aguytrying
#11 Posted : Thursday, April 26, 2012 11:46:26 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
GenghisCapitalLtd wrote:
Aguytrying wrote:
GenghisCapitalLtd wrote:
Aguytrying wrote:
GenghisCapitalLtd wrote:
NIC seems to be the first one out of the blocks albeit incognito;

PBT +28.59% y-o-y to 1.03Bn
PAT +31.44% y-o-y to 723Mn
EPS +31.65% y-o-y to 1.83

more analysis to follow....stay tuned


eps is now 1.83?????? p/e does this company trade at?


Trading at p/e of 4.35 and the sector p/e is 7.38.


Please educate me here.

NIC is currently trading at 29.00 shillings.

EPS is 1.83

P/e= price/EPS 29/1.83= 15.85.

Am i missing something


Using trailing EPS of 6.72 as recorded by NSE in their weekly statistics and it closed at 29.25 yesterday thus the figure of 4.35 (trailing p/e). Using the current EPS will result in the figure u got with current prices of 29. If u use the the trailing 6.72 and current price of 32 will give a p/e of 4.76

i
thanks. i calculated using q1eps . a bit early in the morning smile
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#12 Posted : Thursday, April 26, 2012 11:52:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Can they give us rights at 20bob?
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#13 Posted : Thursday, April 26, 2012 2:41:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The NIC capital ratios! Isn't CBK concerned? With this result set which I find hard to believe we will see the right issue priced at a premium. IMHO KE banks are not such a nice idea. I still fancy industrials.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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selah
#14 Posted : Thursday, April 26, 2012 2:49:48 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
HFCK & NIC results show banks are really struggling.for instance NIC has borrowed about 2B this quarter alone this was obviousy to shoreup its liquidity..HFCK needs cash if its liquidity ratio is anything to go by.Loans are not growing and provision for bad loans is increasing....This Yr is going to be tough for Banks.
'......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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mkonomtupu
#15 Posted : Thursday, April 26, 2012 3:23:33 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
hisah wrote:
The NIC capital ratios! Isn't CBK concerned? With this result set which I find hard to believe we will see the right issue priced at a premium. IMHO KE banks are not such a nice idea. I still fancy industrials.


KCB was in a similar position 2 years back and we bought the rights issue of 12b so NIC will be okay the rights will be there in June our AGM is on 2nd May we shareholders will raise the 2b and the ratios will improve.
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Sufficiently Philanga....thropic
#16 Posted : Thursday, April 26, 2012 5:31:17 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
The NIC capital ratios! Isn't CBK concerned? With this result set which I find hard to believe we will see the right issue priced at a premium. IMHO KE banks are not such a nice idea. I still fancy industrials.
@SufficientlyP
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Sufficiently Philanga....thropic
#17 Posted : Thursday, April 26, 2012 5:36:43 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
selah wrote:
HFCK & NIC results show banks are really struggling.for instance NIC has borrowed about 2B this quarter alone this was obviousy to shoreup its liquidity..HFCK needs cash if its liquidity ratio is anything to go by.Loans are not growing and provision for bad loans is increasing....This Yr is going to be tough for Banks.

Word!
@SufficientlyP
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hisah
#18 Posted : Thursday, April 26, 2012 6:12:59 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mkonomtupu wrote:
hisah wrote:
The NIC capital ratios! Isn't CBK concerned? With this result set which I find hard to believe we will see the right issue priced at a premium. IMHO KE banks are not such a nice idea. I still fancy industrials.


KCB was in a similar position 2 years back and we bought the rights issue of 12b so NIC will be okay the rights will be there in June our AGM is on 2nd May we shareholders will raise the 2b and the ratios will improve.

2 words for you - high rates and eurozone disaster. Caution!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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GenghisCapitalLtd
#19 Posted : Thursday, April 26, 2012 7:34:24 PM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
Sufficiently Philanga....thropic wrote:
Cant wait for member. I have a feeling they'l hit 4b PBT for Q1

It was close 3.7B. the thing about this counter is Interest and Non-interest income is 10.6B in the first quarter. The aggregate of those two was 31.7B in FY2011. Chances r, going with current trends and an expectation of improved biz environment, Member can cross the 40Bn mark at FY2012 for income. Astounding!!
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“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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cnn
#20 Posted : Thursday, April 26, 2012 7:59:40 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
GenghisCapitalLtd wrote:
Sufficiently Philanga....thropic wrote:
Cant wait for member. I have a feeling they'l hit 4b PBT for Q1

It was close 3.7B. the thing about this counter is Interest and Non-interest income is 10.6B in the first quarter. The aggregate of those two was 31.7B in FY2011. Chances r, going with current trends and an expectation of improved biz environment, Member can cross the 40Bn mark at FY2012 for income. Astounding!!

KCB seems to have matched member on the income side.
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