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DTB FY15 earnings up 11.4%
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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@Aguy - I had a look (again) at NIC's NPLs, its Provisions and its Provisions/NPLs. I suggest you do so again. A pity I&M hasn't released results so we can compare the 3 Tier 2 banks. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:@Aguy - I had a look (again) at NIC's NPLs, its Provisions and its Provisions/NPLs. I suggest you do so again.
A pity I&M hasn't released results so we can compare the 3 Tier 2 banks. I have seen the NIC Non perfoming loans. Its ground shaking. No wonder market has punished the share. DTB compared, its a no brainer vs NIC. good regional spread. low NPLS. The only real competitior now is vs I&M. But DTB gets the nod from coz of Aghakan management. Profits wise. they were neck and neck last year. At 180, i should've been sweeping DTB off the shelf. Pre and post bonus ill be looking for opportunities to strike. I&M is really good. Better div yeild, similar agression, intersting geographic spread. (NIC 97% profits from Kenya!) To think DTB 3-4 years ago was at 90.00. This is a share that will just keep growing and giving decent consistent returns to share holders. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@VVS. After looking At I&M and DTB I've decided to invest in both. So. Kcb, equity, Dtb and I&M are my banks from now on. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@VVS. After looking At I&M and DTB I've decided to invest in both. IM is too good a bank to ignore. Those 2 are going places. So. Kcb, equity, Dtb and I&M are my banks from now on. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Aguytrying wrote:@VVS. After looking At I&M and DTB I've decided to invest in both. IM is too good a bank to ignore. Those 2 are going places. So. Kcb, equity, Dtb and I&M are my banks from now on. Good evening the buyer, so what % will these banks be of your portfolio. I saw you discouraged exposure to financials or am I dreaming! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:@Aguy - I had a look (again) at NIC's NPLs, its Provisions and its Provisions/NPLs. I suggest you do so again.
A pity I&M hasn't released results so we can compare the 3 Tier 2 banks. I have seen the NIC Non perfoming loans. Its ground shaking. No wonder market has punished the share. DTB compared, its a no brainer vs NIC. good regional spread. low NPLS. The only real competitior now is vs I&M. But DTB gets the nod from coz of Aghakan management. Profits wise. they were neck and neck last year. At 180, i should've been sweeping DTB off the shelf. Pre and post bonus ill be looking for opportunities to strike. I&M is really good. Better div yeild, similar agression, intersting geographic spread. (NIC 97% profits from Kenya!) To think DTB 3-4 years ago was at 90.00. This is a share that will just keep growing and giving decent consistent returns to share holders. Unlike @Obiero you are looking at 'real' numbers not pie in the sky projections. I believe NIC will be a-OK but for now they should look at a Rights Issue [& Tier 2 funds] to boost their capital. The NPLs need to be restructured and the process to ring-fence collateral is important. The NPLs will convert into (huge) provisions, if not repaid or restructured, in Q1. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Boris Boyka wrote:Aguytrying wrote:@VVS. After looking At I&M and DTB I've decided to invest in both. IM is too good a bank to ignore. Those 2 are going places. So. Kcb, equity, Dtb and I&M are my banks from now on. Good evening the buyer, so what % will these banks be of your portfolio. I saw you discouraged exposure to financials or am I dreaming! Ha ha. "The buyer". No more than 40%. I'll be having around 12 stocks by that time. You'll be happy to know that I'm planning to sell the NIC that I have been picking up over-the-last six months. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: New-farer Joined: 7/23/2015 Posts: 35
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Aguytrying wrote:Boris Boyka wrote:Aguytrying wrote:@VVS. After looking At I&M and DTB I've decided to invest in both. IM is too good a bank to ignore. Those 2 are going places. So. Kcb, equity, Dtb and I&M are my banks from now on. Good evening the buyer, so what % will these banks be of your portfolio. I saw you discouraged exposure to financials or am I dreaming! Ha ha. "The buyer". No more than 40%. I'll be having around 12 stocks by that time. You'll be happy to know that I'm planning to sell the NIC that I have been picking up over-the-last six months.  Great choices @aguy. As @VVS noted it will be good to compare once I&m announces. Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:VituVingiSana wrote:@Aguy - I had a look (again) at NIC's NPLs, its Provisions and its Provisions/NPLs. I suggest you do so again.
A pity I&M hasn't released results so we can compare the 3 Tier 2 banks. I have seen the NIC Non perfoming loans. Its ground shaking. No wonder market has punished the share. DTB compared, its a no brainer vs NIC. good regional spread. low NPLS. The only real competitior now is vs I&M. But DTB gets the nod from coz of Aghakan management. Profits wise. they were neck and neck last year. At 180, i should've been sweeping DTB off the shelf. Pre and post bonus ill be looking for opportunities to strike. I&M is really good. Better div yeild, similar agression, intersting geographic spread. (NIC 97% profits from Kenya!) To think DTB 3-4 years ago was at 90.00. This is a share that will just keep growing and giving decent consistent returns to share holders. @Aguy, What was the main cause of increased NPLs for NIC?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Arconnrk wrote:Aguytrying wrote:Boris Boyka wrote:Aguytrying wrote:@VVS. After looking At I&M and DTB I've decided to invest in both. IM is too good a bank to ignore. Those 2 are going places. So. Kcb, equity, Dtb and I&M are my banks from now on. Good evening the buyer, so what % will these banks be of your portfolio. I saw you discouraged exposure to financials or am I dreaming! Ha ha. "The buyer". No more than 40%. I'll be having around 12 stocks by that time. You'll be happy to know that I'm planning to sell the NIC that I have been picking up over-the-last six months. Great choices @aguy. As @VVS noted it will be good to compare once I&m announces. Similar size, market segment, growth, stock price. If its diversification you are looking for, i don't see any in these choices. If you just want to have the two in your portfolio, we cant argue with that. Life is short. Live passionately.
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DTB FY15 earnings up 11.4%
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