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Potential merger NIC + CBA
sparkly
#111 Posted : Thursday, April 11, 2019 8:40:49 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ebenyo wrote:
aemathenge wrote:
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Okay. Now, how about finding out what CBA stands for.



Commercial Bank of Africa


Come Back Again
Life is short. Live passionately.
Ebenyo
#112 Posted : Saturday, April 13, 2019 10:58:54 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
overall,in this merger,it's NIC which has benefited more than CBA.
Towards the goal of financial freedom
2012
#113 Posted : Saturday, April 13, 2019 12:16:54 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

BBI will solve it
:)
obiero
#114 Posted : Saturday, April 13, 2019 8:18:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support

KQ ABP 4.26
VituVingiSana
#115 Posted : Saturday, April 13, 2019 8:57:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
Laughing out loudly Laughing out loudly Laughing out loudly
For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#116 Posted : Saturday, April 13, 2019 10:10:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
Laughing out loudly Laughing out loudly Laughing out loudly
For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Laughing out loudly Laughing out loudly Laughing out loudly

At your age, you should be ashamed of such trolling

KQ ABP 4.26
VituVingiSana
#117 Posted : Sunday, April 14, 2019 1:30:29 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
Laughing out loudly Laughing out loudly Laughing out loudly
For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Laughing out loudly Laughing out loudly Laughing out loudly

At your age, you should be ashamed of such trolling

BTW, there's also a proposed dividend from NIC for FY 2018. #Winning
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#118 Posted : Sunday, April 14, 2019 8:55:48 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support



The Npls were beginning to take toll on them.But now they are okey.Its about Mondo wa nyuba rescue.
Towards the goal of financial freedom
sparkly
#119 Posted : Sunday, April 14, 2019 4:43:14 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ebenyo wrote:
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support



The Npls were beginning to take toll on them.But now they are okey.Its about Mondo wa nyuba rescue.


NIC was doing well.

Mondo passed rate cap Bill.

NIC struggled, valuation fell.

Mondo came to the rescue with a price of 43.

Offer accepted, all is well.

Having entered after rate cap with With ABP of 29.6, I don't mind the state of affairs.
Life is short. Live passionately.
VituVingiSana
#120 Posted : Tuesday, April 16, 2019 1:09:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
NIC is also involved in the TSS mess as a lender.
https://www.businessdail...2950-4sfe1kz/index.html
It will be a slow grind but hopefully the lenders can auction the assets of TSS and make some recoveries.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
31 Pages«<1011121314>»
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