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NIC Bank HY16
murchr
#1 Posted : Wednesday, August 17, 2016 10:54:50 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979


Interim div of 0.25
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
VituVingiSana
#2 Posted : Wednesday, August 17, 2016 11:03:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
murchr wrote:


Interim div of 0.25


Laughing out loudly Laughing out loudly Laughing out loudly KE banks are not doing themselves any favors by reporting good results. They should have taken all the provisions they could take. And then some to show that 1H was bad coz the pressure on UK to sign the bill is huge.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
murchr
#3 Posted : Wednesday, August 17, 2016 11:05:16 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
VituVingiSana wrote:
murchr wrote:


Interim div of 0.25


Laughing out loudly Laughing out loudly Laughing out loudly KE banks are not doing themselves any favors by reporting good results. They should have taken all the provisions they could take. And then some to show that 1H was bad coz the pressure on UK to sign the bill is huge.


Shhhh! this one was released late when you're all busy enjoying the olympics Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
obiero
#4 Posted : Wednesday, August 17, 2016 11:25:03 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
murchr wrote:
VituVingiSana wrote:
murchr wrote:


Interim div of 0.25


Laughing out loudly Laughing out loudly Laughing out loudly KE banks are not doing themselves any favors by reporting good results. They should have taken all the provisions they could take. And then some to show that 1H was bad coz the pressure on UK to sign the bill is huge.


Shhhh! this one was released late when you're all busy enjoying the olympics Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

@pesanane please post the P&L

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
murchr
#5 Posted : Thursday, August 18, 2016 4:49:55 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Pesa nane?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ebenyo
#6 Posted : Thursday, August 18, 2016 9:03:04 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
murchr wrote:
Pesa nane?


hiyo maneno ya hfck bond payment default imediscourage pesa nane.
Towards the goal of financial freedom
Pesa Nane
#7 Posted : Thursday, August 18, 2016 9:11:11 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ebenyo wrote:
murchr wrote:
Pesa nane?


hiyo maneno ya hfck bond payment default imediscourage pesa nane.

Laughing out loudly Laughing out loudly Laughing out loudly


Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#8 Posted : Thursday, August 18, 2016 9:19:59 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
MESSAGE FROM THE DIRECTORS
The Directors have approved payment of an interim dividend of Shs.0.25 for
every ordinary share of Shs.5 held.

Dividend warrants will be posted on or about 17th October, 2016 to all members
on the register at the close of business on 22nd September, 2016. The register of members will therefore be closed on 23rd September, 2016 for purposes of
preparing dividend warrants.

BY ORDER OF THE BOARD
Pesa Nane plans to be shilingi when he grows up.
obiero
#9 Posted : Thursday, August 18, 2016 9:40:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Pesa Nane wrote:
Ebenyo wrote:
murchr wrote:
Pesa nane?


hiyo maneno ya hfck bond payment default imediscourage pesa nane.

Laughing out loudly Laughing out loudly Laughing out loudly



Thanks @pesanane

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Pesa Nane
#10 Posted : Friday, August 19, 2016 12:03:45 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
kimanimsc
#11 Posted : Tuesday, August 23, 2016 3:00:01 PM
Rank: Member


Joined: 5/4/2015
Posts: 241
Location: Kahno
27
mkate_nusu
#12 Posted : Tuesday, August 23, 2016 3:06:15 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
kimanimsc wrote:
27


kimani refer to STOCKS TO SELL by yasserbigchair nic was updated to the list for a reason
KEGN, KPLC, KQ, SCOM
wukan
#13 Posted : Tuesday, August 23, 2016 3:23:26 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,567
mkate_nusu wrote:
kimanimsc wrote:
27


kimani refer to STOCKS TO SELL by yasserbigchair nic was updated to the list for a reason


What was the reason because it's way below its NAV of 35?
kimanimsc
#14 Posted : Tuesday, August 23, 2016 3:49:30 PM
Rank: Member


Joined: 5/4/2015
Posts: 241
Location: Kahno
wukan wrote:
mkate_nusu wrote:
kimanimsc wrote:
27


kimani refer to STOCKS TO SELL by yasserbigchair nic was updated to the list for a reason


What was the reason because it's way below its NAV of 35?


Roger that. Since that reason had an effect within 24 hours of the update, then must be nasty. One can watch from a distance. Thanks.
mkate_nusu
#15 Posted : Wednesday, August 24, 2016 3:56:53 AM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
wukan wrote:
mkate_nusu wrote:
kimanimsc wrote:
27


kimani refer to STOCKS TO SELL by yasserbigchair nic was updated to the list for a reason


What was the reason because it's way below its NAV of 35?


@wukan if I gave reasons for all the stocks I mentioned to avoid I would be left with no time to pursue my personal interests.
I however advise you to read latest financial statements of the company before investing. That's my criteria of stocks selection
KEGN, KPLC, KQ, SCOM
VituVingiSana
#16 Posted : Tuesday, September 06, 2016 11:04:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Non-performing loans earn NIC negative outlook rating

http://www.businessdaily...1748-pfvf2fz/index.html

"The bank’s bad debts had risen to Sh12.5 billion in the period ended June constituting 11.2 per cent of its total loan book of Sh112.1 billion."

"Ratio of bad debts at the NIC bank shot up last year from 3.9 per cent of its loan book at the end of 2014 driven by rising interest rates and an unfavourable business environment."

I wonder how many banks are hiding their true NPLs.

"One of the loan defaulters at NIC Bank is Mombasa-based businessman Tahir Sheikh Said who has outstanding loans of over Sh1.4 billion." >>> It's a pity that NIC has to work through the lethargic court system. By the time NIC can get orders to seize TSS assets, these assets may have been stripped!

"The bank also has bulky portfolio of foreign currency denominated loans, which are not affected by the interest caps. This signals a lower cut to the net interest margins meaning its profitability will not take a hard hit as is expected of other lenders." >>> Good news for NIC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mkate_nusu
#17 Posted : Wednesday, September 07, 2016 3:25:28 AM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
kimanimsc wrote:
wukan wrote:
mkate_nusu wrote:
kimanimsc wrote:
27


kimani refer to STOCKS TO SELL by yasserbigchair nic was updated to the list for a reason


What was the reason because it's way below its NAV of 35?


Roger that. Since that reason had an effect within 24 hours of the update, then must be nasty. One can watch from a distance. Thanks.


@kimanimsc

The Wazua Spirit is to educate, inform, learn from others; within the limit of what we know, in any chosen area irrespective of our differences.
KEGN, KPLC, KQ, SCOM
Pesa Nane
#18 Posted : Friday, September 09, 2016 8:00:15 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c


Post dated d'oh!
Pesa Nane plans to be shilingi when he grows up.
murchr
#19 Posted : Friday, September 09, 2016 8:40:26 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Pesa Nane wrote:


Post dated d'oh!


12Th is a holiday, so I guess its post dated.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Angelica _ann
#20 Posted : Friday, September 09, 2016 8:58:02 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
murchr wrote:
Pesa Nane wrote:


Post dated d'oh!


12Th is a holiday, so I guess its post dated.

I need to get back into this bus. We left it just pre rights 77.5bob(courtesy of @hisah ) and many thought we were mad around November 2014 smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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