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We Rate NIC Bank Accumulate, Price target Sh52 by April 2012
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QW25071985
#61 Posted : Friday, July 22, 2011 12:18:55 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
at 25 am buying even if it has never excited me ...
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mwekez@ji
#62 Posted : Friday, July 22, 2011 8:56:49 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@ the deal, that is an excellent report. I hope the half year results will further improve the ratios. If ratios further improve and the price keep falling, your team (you and you and you and your cat smile ) should change NIC status from 'accumulate' to a 'buy'. I am waiting for it at 'a strong buy status'
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Sober
#63 Posted : Friday, July 22, 2011 2:51:26 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
U-turn today...who has the number for the volumes?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Renegade
#64 Posted : Friday, July 22, 2011 2:55:47 PM
Rank: Member

Joined: 4/18/2009
Posts: 118
Sober wrote:
U-turn today...who has the number for the volumes?

So far 14,200 shares. Did you buy back? I noticed only about 1,000 shares traded at 36.75 the other day with not so heavy trading between 38.50 & 39 this week.
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mwanahisa
#65 Posted : Friday, July 22, 2011 4:51:43 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
If this bank maintains its run rate (picked up that phrase from Aly Khan Satchu as I am no cricketer) from Q1 2011, its forward PE is a mere 7.22 times. Now, isn't that something to think about?

Of course there will hardly be any dividend!
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the deal
#66 Posted : Thursday, August 18, 2011 12:31:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Those NIC numbers are in line with my expectations.
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hisah
#67 Posted : Friday, August 19, 2011 8:09:05 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Deal - It would be ideal if you put out your portfolio so that your ratings are transparent smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25071985
#68 Posted : Friday, August 19, 2011 8:19:24 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Maybe banks will weather the interest rate storm.

Btw who is still waiting for another selloff, lol. Please dnt and just enjoy the ride.
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sparkly
#69 Posted : Friday, August 19, 2011 8:35:35 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@the deal

have you upgraded to "Buy"? NIC usually has a strong support at 32 and 29.

I don't see it going any lower than current price. if it does then you can catch it at around 30. 29 is usually impossible to get for normal buyers.
Life is short. Live passionately.
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the deal
#70 Posted : Friday, August 19, 2011 10:58:51 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Hisah my portfolio is here http://contrarianinvestingkenya.info @Sparkly in view of the current market conditions...i mantain my rating-Accumulate
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