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NIC Group FY17
Angelica _ann
#21 Posted : Thursday, April 12, 2018 10:07:58 PM
Rank: Elder


Joined: 12/7/2012
Posts: 9,379
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


Thanks tuko kwa mbus, always been!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Superprime1
#22 Posted : Monday, July 16, 2018 3:23:59 PM
Rank: New-farer


Joined: 5/2/2018
Posts: 74
Location: Kinungi
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....
xxxxx
#23 Posted : Monday, July 16, 2018 3:58:22 PM
Rank: Member


Joined: 3/20/2008
Posts: 357
Superprime1 wrote:
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....


I sure as hell hope he put something meaningful into pockets as he planned.Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
mlennyma
#24 Posted : Monday, July 16, 2018 3:59:32 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,837
Location: nairobi
Superprime1 wrote:
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....

Not a single counter,the market is doing poorly
"Don't let the fear of losing be greater than the excitement of winning."
Superprime1
#25 Posted : Monday, July 16, 2018 4:56:23 PM
Rank: New-farer


Joined: 5/2/2018
Posts: 74
Location: Kinungi
mlennyma wrote:
Superprime1 wrote:
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....

Not a single counter,the market is doing poorly

Let's hope the half-year financials will be kind.Pray
Ericsson
#26 Posted : Tuesday, July 17, 2018 12:21:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,511
Location: NAIROBI
Superprime1 wrote:
mlennyma wrote:
Superprime1 wrote:
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....

Not a single counter,the market is doing poorly

Let's hope the half-year financials will be kind.Pray


Pension schemes have shifted their money to treasury bills and bonds
obiero
#27 Posted : Tuesday, September 04, 2018 10:14:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,415
Location: nairobi
Ericsson wrote:
Superprime1 wrote:
mlennyma wrote:
Superprime1 wrote:
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....

Not a single counter,the market is doing poorly

Let's hope the half-year financials will be kind.Pray


Pension schemes have shifted their money to treasury bills and bonds

Went below KES 30 for the first time today in a while
COOP 5,500; KCB 2,500; KQ 95,000
Superprime1
#28 Posted : Wednesday, September 05, 2018 12:22:03 PM
Rank: New-farer


Joined: 5/2/2018
Posts: 74
Location: Kinungi
obiero wrote:
Ericsson wrote:
Superprime1 wrote:
mlennyma wrote:
Superprime1 wrote:
mlennyma wrote:
xxxxx wrote:
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
Off we go


Finally it takes off....

All the best


This one will most likely fall back to where it was after books closure date.

we will have put something in the pocket but i doubt ,you mean I wait at 33 where I boarded?


@mlennyma You've got your answer today; it touched a low of 33.50. Perhaps coming down further. Some sort of a slaughtering going on....

Not a single counter,the market is doing poorly

Let's hope the half-year financials will be kind.Pray


Pension schemes have shifted their money to treasury bills and bonds

Went below KES 30 for the first time today in a while


Looking to go lower, further, which is a good thing at this juncture. Blood in the streets; our own! Good thing for those with liquidity at their disposal.
RIEK01
#29 Posted : Friday, September 21, 2018 7:27:21 AM
Rank: New-farer


Joined: 2/8/2018
Posts: 43
https://www.nation.co.ke...64414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.
obiero
#30 Posted : Friday, September 21, 2018 9:18:25 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,415
Location: nairobi
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART
COOP 5,500; KCB 2,500; KQ 95,000
Ericsson
#31 Posted : Saturday, September 22, 2018 9:02:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,511
Location: NAIROBI
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?
obiero
#32 Posted : Saturday, September 22, 2018 9:08:24 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,415
Location: nairobi
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating
COOP 5,500; KCB 2,500; KQ 95,000
mlennyma
#33 Posted : Saturday, September 22, 2018 8:38:11 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,837
Location: nairobi
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#34 Posted : Saturday, September 22, 2018 8:41:30 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,415
Location: nairobi
mlennyma wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months

I’m hearing it for the first time from you.. I wish them well
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#35 Posted : Saturday, September 22, 2018 8:52:10 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,718
Location: Nairobi
obiero wrote:
mlennyma wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months

I’m hearing it for the first time from you.. I wish them well

Emirates was set up in 1985.
Apple introduced the iPhone decades after Motorola/Nokia.
Equity became a bank juzu juzi.

Execution is key. Can Barclays/Absa execute?
Anyway, this is a NIC thread.

NIC took a huge NPL hit (7bn?) after James Macharia left and the new guy came in. New brooms sweep clean. That will help them weather the storm since NIC started making provisions early on. Recoveries can help cushion new losses.

Banks should use this opportunity (IFSR9, post-election malaise, interest rate cap) to look at every loan and use prudence to NPL any loan that seems shaky. Where possible, take the tax benefit of providing for shaky loans.
If and when collections are made, these can be written back as profits.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#36 Posted : Saturday, September 22, 2018 10:11:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,415
Location: nairobi
VituVingiSana wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months

I’m hearing it for the first time from you.. I wish them well

Emirates was set up in 1985.
Apple introduced the iPhone decades after Motorola/Nokia.
Equity became a bank juzu juzi.

Execution is key. Can Barclays/Absa execute?
Anyway, this is a NIC thread.

NIC took a huge NPL hit (7bn?) after James Macharia left and the new guy came in. New brooms sweep clean. That will help them weather the storm since NIC started making provisions early on. Recoveries can help cushion new losses.

Banks should use this opportunity (IFSR9, post-election malaise, interest rate cap) to look at every loan and use prudence to NPL any loan that seems shaky. Where possible, take the tax benefit of providing for shaky loans.
If and when collections are made, these can be written back as profits.

The whole ABF model is questionable as executed by NIC as its mainstay. Look at the auction notices
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#37 Posted : Sunday, September 23, 2018 4:08:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,718
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months

I’m hearing it for the first time from you.. I wish them well

Emirates was set up in 1985.
Apple introduced the iPhone decades after Motorola/Nokia.
Equity became a bank juzu juzi.

Execution is key. Can Barclays/Absa execute?
Anyway, this is a NIC thread.

NIC took a huge NPL hit (7bn?) after James Macharia left and the new guy came in. New brooms sweep clean. That will help them weather the storm since NIC started making provisions early on. Recoveries can help cushion new losses.

Banks should use this opportunity (IFSR9, post-election malaise, interest rate cap) to look at every loan and use prudence to NPL any loan that seems shaky. Where possible, take the tax benefit of providing for shaky loans.
If and when collections are made, these can be written back as profits.

The whole ABF model is questionable as executed by NIC as its mainstay. Look at the auction notices

It's a tough one for NIC and other banks.
It depends on how much ABF they do. There will always be defaults even when things are good but in the scenario, I hope NIC asks for a substantial deposit/down-payment.
Given that GoK is not paying (genuine) suppliers, NIC needs to reduce lending to GoK contractors/suppliers and (sadly) crack down on those who owe them money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#38 Posted : Sunday, September 23, 2018 6:26:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,511
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months

I’m hearing it for the first time from you.. I wish them well

Emirates was set up in 1985.
Apple introduced the iPhone decades after Motorola/Nokia.
Equity became a bank juzu juzi.

Execution is key. Can Barclays/Absa execute?
Anyway, this is a NIC thread.

NIC took a huge NPL hit (7bn?) after James Macharia left and the new guy came in. New brooms sweep clean. That will help them weather the storm since NIC started making provisions early on. Recoveries can help cushion new losses.

Banks should use this opportunity (IFSR9, post-election malaise, interest rate cap) to look at every loan and use prudence to NPL any loan that seems shaky. Where possible, take the tax benefit of providing for shaky loans.
If and when collections are made, these can be written back as profits.

The whole ABF model is questionable as executed by NIC as its mainstay. Look at the auction notices


Correct and spot on
maka
#39 Posted : Monday, September 24, 2018 1:54:45 AM
Rank: Elder


Joined: 4/22/2010
Posts: 10,656
Location: Nairobi
Ericsson wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
mlennyma wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
RIEK01 wrote:
https://www.nation.co.ke/news/How-competition-drove-vehicle-firm-Foton-East-Africa-to-debts/1056-4764414-b7wg4x/index.html

For a tier 2 bank, this losses may be quite heavy.

I keep telling you guys not to touch any bank apart from the big ones namely KCB, EQTY, COOP, DTB, STANCHART

What about Barclays bank?

I personally wouldn't consider it. Does it even have a mobile lending service offering or agency banking?? It seems stuck in time while others are innovating

Barclays have a recently launched lending application called Timiza which clocked 2.7million users in 5months

I’m hearing it for the first time from you.. I wish them well

Emirates was set up in 1985.
Apple introduced the iPhone decades after Motorola/Nokia.
Equity became a bank juzu juzi.

Execution is key. Can Barclays/Absa execute?
Anyway, this is a NIC thread.

NIC took a huge NPL hit (7bn?) after James Macharia left and the new guy came in. New brooms sweep clean. That will help them weather the storm since NIC started making provisions early on. Recoveries can help cushion new losses.

Banks should use this opportunity (IFSR9, post-election malaise, interest rate cap) to look at every loan and use prudence to NPL any loan that seems shaky. Where possible, take the tax benefit of providing for shaky loans.
If and when collections are made, these can be written back as profits.

The whole ABF model is questionable as executed by NIC as its mainstay. Look at the auction notices


Correct and spot on


https://www.nic-bank.com...les-on-auction/page/22/

22 pages.. 6 vehicles per page...
possunt quia posse videntur
Ericsson
#40 Posted : Monday, September 24, 2018 9:31:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,511
Location: NAIROBI
Jeez this bank is suffering on loan defaultments
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