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Potential merger NIC + CBA
Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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cyruskulei wrote:Ericsson wrote:watesh wrote:Ericsson wrote:In their Notice of the Annual General Meeting on 5th July,NCBA is going on a dividend drought for 5 years. Or they may go for a small cash dividend plus a bonus. They want to go aggressively into retail banking, they need to prop up their core capital base to keep up with the expected growth. NCBA has put brakes on its expansion plan of opening 15 new branches. This comes after its announcement of shutting 14 branches. This counter has gained alot for the last six months.Whats the hidden card? Drastic jump in earnings in the financial year and they are quite generous with the dividend plus a clear dividend policy. Valuation couldn't stay muted for much longer
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Rank: Member Joined: 6/26/2008 Posts: 384
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NCBA dallying under 30, I am eyeing this one closely
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Wazua
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Potential merger NIC + CBA
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