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Nic Bank ....a sleeping giant ???????
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qw25041985
#1 Posted : Sunday, May 16, 2010 7:16:27 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
What is up with this bank.Even after posting impressive results the share price doesnot rally.....Even before the good results the share price didnt rally as most banks do.Is there something a miss with this bank that's not in their financial results.Faida Investment bank in their recent weekly report put it as a recommenrded buy for some short term gains......What are they seeing that i amnt seeing.d'oh! d'oh! d'oh!
Your future depends on your dreams so go to sleep !
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the deal
#2 Posted : Sunday, May 16, 2010 7:30:07 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
faida analysts my foot aint are they the same pple who were encouraging guys to buy kenre for short term gains...Nic is a good stock to own but there r better options out there i.e equity...cfc...standard chartd...barclays..NBK...based on RSI Nic is oversold hence it can rally any time...
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VituVingiSana
#3 Posted : Monday, May 17, 2010 12:36:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Hasnt already rallied since it went ex-bonus & ex-div???
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#4 Posted : Monday, May 17, 2010 8:12:37 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
qw25041985 wrote:
....Faida Investment bank in their recent weekly report put it as a recommenrded buy for some short term gains......What are they seeing that i amnt seeing.d'oh! d'oh! d'oh!

Beware the recommendations of a broker. They are motivated by commissions earned after trading. So everything is a good buy to them!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#5 Posted : Monday, May 17, 2010 10:11:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@mukiha is right... The borkers want commissions... whether it goes up or down...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#6 Posted : Monday, May 17, 2010 10:10:06 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Could the good results over 1Q 2009 be as a result of consolidation with the TZ subsidiary?
Life is short. Live passionately.
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VituVingiSana
#7 Posted : Tuesday, May 18, 2010 2:15:09 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
Could the good results over 1Q 2009 be as a result of consolidation with the TZ subsidiary?
Tz is a small part of NIC Bank... so I doubt it was the main reason for the boost in 1Q 2010 results
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sheep
#8 Posted : Tuesday, May 18, 2010 7:03:03 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
I have always wondered why some banks report blistering 1st quarter results,acceptable 2nd quarter,tepid 3rd quarter and hugely disappointing full year results.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Gordon Gekko
#9 Posted : Tuesday, May 18, 2010 7:34:57 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@sheep, I suspect it is because contingencies are crystallized and depreciation charged at the end of the year?
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winston
#10 Posted : Tuesday, May 18, 2010 8:23:57 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
@GG - With level of computerization and need to match revenue to expenses, depreciation will be charged monthly or quarterly at the least..not at year end. A causal look at bank quarterly accounts will show depreciation is charged in the 1st qtr accounts.
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