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Banks...catch them if you can in 2010.
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mkonomtupu
#11 Posted : Friday, May 07, 2010 7:54:17 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
the deal, NIC bought a bank in Tanzania last year and it has some potential
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VituVingiSana
#12 Posted : Friday, May 07, 2010 8:40:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Tanzania is the new battleground...

NIC + I&M bought into smaller mid-tier banks...
Equity has stayed out... with good reason...
KCB is growing there...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#13 Posted : Friday, May 07, 2010 9:04:23 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@Very many things,

Tanzania market has been fairly difficult for Kenyan firms operating their. The likes of CMC, KCB. Equity must have learnt that lesson from other companies. ARM has invested big, and should be the major breakthough. Until the whole country opens up to proper capitalism, I will give a lot of consideration to companies looking for business there, except the SA companies!
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VituVingiSana
#14 Posted : Friday, May 07, 2010 10:00:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@pkoli - TRUTH... Tanzanians hate Kenyans... kweli!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#15 Posted : Sunday, May 09, 2010 6:04:08 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I took a closer look at Nic Q1 results...theres an increase in NPL and 24% of their bottomline came from GOK securities not from bank operations such as interest income on loans...cause for concern or kawaida...
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qw25041985
#16 Posted : Sunday, May 09, 2010 6:15:16 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@the deal. i believe the bank to watch is Barclays Bank. It has a nice p/e ,nice PEG if only they could grow their loans book.If they did that this stock can only be caught high high up in the sky......Think of it this way with a poor loans book it used to trade in the region of 100 /= -two years ago or so. what if it had a good loans book that investors like so much.........I would suggest this stock for any investor witha 1 year plus horizon.
Your future depends on your dreams so go to sleep !
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