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NBK announces 1.2 billion shilling loss
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Impunity
#21 Posted : Thursday, March 31, 2016 12:36:45 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
Sober wrote:
hisah wrote:
whiteowl wrote:
heri wrote:
muganda wrote:
Oh my, just finished going through the report:


Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up

How can HY profits reverse to such a loss at year end


This makes one question all banks' results posted before the new CBK governor came in.

That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out!


So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later.

How is the price gaining after announcing a loss? There is a trap here for the guys buying



Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much....


@maka, can you check inbox on 101 on Bonds please.

2008impunity (at) gmail (dot) com
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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maka
#22 Posted : Thursday, March 31, 2016 12:38:04 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Impunity wrote:
maka wrote:
Sober wrote:
hisah wrote:
whiteowl wrote:
heri wrote:
muganda wrote:
Oh my, just finished going through the report:


Does this mean we should be taking the HY financials with a pinch of salt? or maybe it is the new CB Governor who is ensuring clean up

How can HY profits reverse to such a loss at year end


This makes one question all banks' results posted before the new CBK governor came in.

That's the final trigger for a bidless vacuum to pop up. If there's one thing a CB fears is a confidence crisis. Trust is very expensive to bail out!


So who should be analysing the results for us now that it seems figures can be played with to cushion negative news only to explode later.

How is the price gaining after announcing a loss? There is a trap here for the guys buying



Sold at 13.10 yesterday everything...let me stick to bonds hii ukora is just too much....


@maka, can you check inbox on 101 on Bonds please.

2008impunity (at) gmail (dot) com


maka.mnoma@gmail.com...you,ve sent something?
possunt quia posse videntur
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mlennyma
#23 Posted : Thursday, March 31, 2016 12:45:23 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
MadDoc wrote:
mlennyma wrote:
whiteowl wrote:
This is heading to 1/= to join Mumias.Being a govt firm, there is no turnaround in sight!

can i see well,one dude wants 300k shares for 1bob a piece??

Laughing out loudly Laughing out loudly I also thought I needed stronger lenses

and he may be the best bidder as days go by,to rescue a bank is not like any other business you need the money instantly
"Don't let the fear of losing be greater than the excitement of winning."
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jerry
#24 Posted : Thursday, March 31, 2016 12:48:26 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
streetwise wrote:
Tiefs

Where is "h" in Tiefs?
The opposite of courage is not cowardice, it's conformity.
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mlennyma
#25 Posted : Thursday, March 31, 2016 12:51:36 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
After the imperial bank and dubai bank lessons, and after a romour that nbk was restricting huge withdrawals a while back,customers might flee by seeing this smoke.
"Don't let the fear of losing be greater than the excitement of winning."
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timizo
#26 Posted : Thursday, March 31, 2016 12:53:55 PM
Rank: Member

Joined: 2/3/2015
Posts: 126
Location: Nairobi
9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles

http://www.nation.co.ke/.../-/s98ugvz/-/index.html

http://www.nation.co.ke/...8/-/x31kj8/-/index.html


If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku)
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  | | Edit by user: Thursday, March 31, 2016 12:55 PM | Reason: Not specified
tom_boy
#27 Posted : Thursday, March 31, 2016 12:57:11 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
jerry wrote:
streetwise wrote:
Tiefs

Where is "h" in Tiefs?


It was stollen, Laughing out loudly


They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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mlennyma
#28 Posted : Thursday, March 31, 2016 1:01:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
timizo wrote:
9 months ago. the Daily Nation wrote extensively about the mess at NBK. A gang mostly from the CEO's ethnicity said the Daily Nation was malicious. Your top lawyer Ahmednasir Abdullahi was the chief supporter of Munir on Twitter. Here are the links to the two articles

http://www.nation.co.ke/.../-/s98ugvz/-/index.html

http://www.nation.co.ke/...8/-/x31kj8/-/index.html


If we have any memory remaining, we will remember that before Kibaki came to power KCB and NBK were on their way to their death beds. They had advanced massive loans to KANU politicians who never paid. KCB having a bigger customer base was not in such a bad situation as NBK. The government had to put Billions in National Bank to save it. It seems we are now back to the bad KANU days where loans are dished out based on your connections. The major Shareholders are NSSF and the Govt, two institutions financed through sweat and blood of (Wanjiku)

Nobody will be jailed because kenya is a democratic country
"Don't let the fear of losing be greater than the excitement of winning."
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Metch
#29 Posted : Thursday, March 31, 2016 1:14:08 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
tom_boy wrote:
jerry wrote:
streetwise wrote:
Tiefs

Where is "h" in Tiefs?


It was stollen, Laughing out loudly





Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Start!
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jerry
#30 Posted : Thursday, March 31, 2016 1:41:04 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
tom_boy wrote:
jerry wrote:
streetwise wrote:
Tiefs

Where is "h" in Tiefs?


It was stollen, Laughing out loudly



THE TEHIF CAN SATEL AYNINHTG AND ENEVYTRIG. Ltes be crefaul!!
The opposite of courage is not cowardice, it's conformity.
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