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NIC Group FY17
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mlennyma
#41 Posted : Monday, September 24, 2018 10:53:12 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Jeez this bank is suffering on loan defaultments

I hope the collaterals are worth their money.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#42 Posted : Monday, September 24, 2018 10:58:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mlennyma wrote:
Ericsson wrote:
Jeez this bank is suffering on loan defaultments

I hope the collaterals are worth their money.
I checked out a couple of cars on their website but they don't look worth the asking price.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#43 Posted : Monday, September 24, 2018 11:03:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
mlennyma wrote:
Ericsson wrote:
Jeez this bank is suffering on loan defaultments

I hope the collaterals are worth their money.
I checked out a couple of cars on their website but they don't look worth the asking price.


Support the counter you hold shares to help it recover it's money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#44 Posted : Monday, September 24, 2018 11:48:00 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
VituVingiSana wrote:
mlennyma wrote:
Ericsson wrote:
Jeez this bank is suffering on loan defaultments

I hope the collaterals are worth their money.
I checked out a couple of cars on their website but they don't look worth the asking price.

it's normal to fish highier than you have given out in auction giving room for offers
"Don't let the fear of losing be greater than the excitement of winning."
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Mastermind
#45 Posted : Monday, September 24, 2018 12:49:34 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Genghis Capital has reviewed Target price of NIC from less 53.13 to kes 34.89 citing:

1. Persistent high npl ratio
2. Compressed net interest margin
3. Weakening Cost to Income ratio
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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VituVingiSana
#46 Posted : Monday, September 24, 2018 12:57:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
After seeing what they did to the Unga shareholders, the "wenyewe" might be planning another heist.

NIC isn't a core holding but Unga. Whatever happens to us in Unga is a harbinger for NIC.

Mastermind wrote:
Genghis Capital has reviewed Target price of NIC from less 53.13 to kes 34.89 citing:

1. Persistent high npl ratio
2. Compressed net interest margin
3. Weakening Cost to Income ratio
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#47 Posted : Monday, September 24, 2018 2:01:00 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Mastermind wrote:
Genghis Capital has reviewed Target price of NIC from less 53.13 to kes 34.89 citing:

1. Persistent high npl ratio
2. Compressed net interest margin
3. Weakening Cost to Income ratio

and cyton bought Nic
"Don't let the fear of losing be greater than the excitement of winning."
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wukan
#48 Posted : Monday, September 24, 2018 2:02:02 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
Going forward I will avoid companies with too much retained earnings. NIC should be dishing dividends like KCB but they are so mean yet management see a pot of retained earnings and they go on silly expansion drives or funding some ventures with little shareholder value. Yet another soko mjinga manenos after my HF escapade
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littledove
#49 Posted : Monday, September 24, 2018 2:51:18 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
mlennyma wrote:
Mastermind wrote:
Genghis Capital has reviewed Target price of NIC from less 53.13 to kes 34.89 citing:

1. Persistent high npl ratio
2. Compressed net interest margin
3. Weakening Cost to Income ratio

and cyton bought Nic

and when are they listing? it seems bad lack has kept them company , nic,HF, and slowing real estate
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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mlennyma
#50 Posted : Monday, September 24, 2018 3:09:23 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
littledove wrote:
mlennyma wrote:
Mastermind wrote:
Genghis Capital has reviewed Target price of NIC from less 53.13 to kes 34.89 citing:

1. Persistent high npl ratio
2. Compressed net interest margin
3. Weakening Cost to Income ratio

and cyton bought Nic

and when are they listing? it seems bad lack has kept them company , nic,HF, and slowing real estate

they bought 7.5million shares for 256m early this year
"Don't let the fear of losing be greater than the excitement of winning."
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