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Ericsson		#51 Posted : Monday, September 24, 2018 3:19:57 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: 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 Wololo Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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maka		#52 Posted : Tuesday, October 16, 2018 2:40:14 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 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 https://www.businessdail...07466-10m9n8r/index.html possunt quia posse videntur
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obiero		#53 Posted : Tuesday, October 16, 2018 5:07:33 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		maka 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 https://www.businessdail...7466-10m9n8r/index.html Fraud analysts.. That NPL was dubious since 2016. They have just woken up to realize this? KQ ABP 4.26
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Ericsson		#54 Posted : Tuesday, November 20, 2018 11:17:49 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#55 Posted : Tuesday, November 20, 2018 4:55:10 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		Ericsson wrote: NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." This thing is on Yassers list KQ ABP 4.26
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mlennyma		#56 Posted : Tuesday, November 20, 2018 5:22:33 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		obiero wrote: Ericsson wrote: NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." This thing is on Yassers list what was the collateral?sack someone if the business was part of security "Don't let the fear of losing be greater than the excitement of winning."
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Ericsson		#57 Posted : Tuesday, November 20, 2018 6:33:32 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		mlennyma wrote: obiero wrote: Ericsson wrote: NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." This thing is on Yassers list what was the collateral?sack someone if the business was part of security Another vvs holding Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Horton		#58 Posted : Tuesday, November 20, 2018 7:20:52 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		Ericsson wrote: mlennyma wrote: obiero wrote: Ericsson wrote: NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." This thing is on Yassers list what was the collateral?sack someone if the business was part of security Another vvs holding 😆LOL pole lakini VVS
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VituVingiSana		#59 Posted : Tuesday, November 20, 2018 11:01:36 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Ericsson wrote: mlennyma wrote: obiero wrote: Ericsson wrote: NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." This thing is on Yassers list what was the collateral?sack someone if the business was part of security Another vvs holding Kabisa! I have a few NIC too Bought them for pennies back in the day when BBK used to own it. We used to make real money back then! Then came along the Ndegwas. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#60 Posted : Tuesday, November 20, 2018 11:10:54 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Horton wrote: Ericsson wrote: mlennyma wrote: obiero wrote: Ericsson wrote: NIC Bank caught again in dubious firms; https://www.businessdail...59858-vlrpsc/index.html "The fashion retailer’s creditors include NIC Bank and UBA Kenya Bank Limited, owed Sh524.8 million and Sh98.3 million respectively as of December 2017." This thing is on Yassers list what was the collateral?sack someone if the business was part of security Another vvs holding 😆LOL pole lakini VVS Sorry for what? Back in the day, we used to buy everything. Never sold. This was a BBK subsidiary at one point. I have received a few bonuses too. Unlike folks pretending to make money, I am happy to share where I have made losses. and more important WHY? [Though NIC is probably profitable given the bonuses, etc over the years] One important lesson I learnt is to have no more than 5 core holdings. Properly researched and go in big [15-30% each]. I need to find a suitable replacement for KK and you folks are welcome on my journey. NIC doesn't fit the bill since I already have one bank and a reinsurer. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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