Why did NCB’s APO miss its target?

  Рет қаралды 2,453

Money Media x Kalilah Reynolds

Money Media x Kalilah Reynolds

Ай бұрын

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NCB’s APO closed recently, having raised about J$2.5 billion, well short of the J$5 billion they originally wanted. What caused this APO to fall so short of the target?
A number of factors have impacted investing, the stock market and NCB specifically this year that could contribute to the low uptake.
Did you participate in this APO? Why or why not?
➡️Read a transcript of this video here:
🗣️Let’s get this money!💰

Пікірлер: 30
@carlrobinson2283
@carlrobinson2283 Ай бұрын
Any institution that lost 2/3 of its share price, the trajectory of bouncing back is bleak.
@deansmith4340
@deansmith4340 Ай бұрын
Another reason why ncb apo miss its target is due to how the Jamaican finance minister handle the SSL situation and the appeal court decision to remove the finance minister oversight of SSL for breach of the law, all the above diminish investor confidence and as a result ncb apo suffer.
@DasJaegar
@DasJaegar Ай бұрын
I’ve absolved myself of anything NCB, only the car note and I’m trying to pay it off as soon as possible.
@FinessingFinance2024
@FinessingFinance2024 Ай бұрын
Won't go back to $200.
@kw-vy5jd
@kw-vy5jd Ай бұрын
I think they miss because a lot of Jamaicans do not trust. NCB anymore a lot of complaints about people money going missing. That's just my opinion
@Planbdesign1
@Planbdesign1 Ай бұрын
This was MY reason.
@jermainescott7827
@jermainescott7827 Ай бұрын
The Math was not Mathing for me why buy at APO price when I can open for less on the open market. Questions is why didn't the institutions just buy on the open market unless there were just not enough shares available then that would make sense. Have a blessed day.
@amaram7169
@amaram7169 Ай бұрын
Exactly!
@claudejames7978
@claudejames7978 Ай бұрын
@@amaram7169 big point...they timing is bad
@ddunkin4258
@ddunkin4258 Ай бұрын
When was the last time in recent history was an IPO, APO, BOND or any other kind of investment wasn't oversubscribed and had to close early? It's clear as day that there is lack of confidence in NCB, NCB has been the bank that has been accused of the most fraudulent activities in recent years and this is one of the reasons for the poor performance of the APO.I am willing to bet that if this offering was from another company, it would have been oversubscribed and had to close early I'm not interested in anything that involves me handing over my HARD EARNED money to NCB.
@morelife7625
@morelife7625 Ай бұрын
💯
@dwayneoneil689
@dwayneoneil689 Ай бұрын
That is not the main reason for this ..The reason is becuase the AP O price was higher than the Stock Price.
@sugadre123
@sugadre123 Ай бұрын
Like i have said. Interest rates run everything. Everything else is just distraction
@evorreid1737
@evorreid1737 Ай бұрын
With increasing entrepreneurs on the rise the transaction will bring in revenue for the bank growth, and just because ncb sold out an asset in Bahama cause doubt in it strategy to grow bigger, Bahama is not capable to become dynamic in increasing expansion because it is small island , by hold asset in other countries and companies there is no frontier for new industry.
@Flashpoint2
@Flashpoint2 Ай бұрын
I was thinking about investing in NCB. However, as a customer who has experienced repeated and ongoing poor service from the bank I thought it too high risk to invest in a business when I don’t think that the management of the business is competent.
@colincole7075
@colincole7075 Ай бұрын
It's not only ncb all of the banks
@bluevan5353
@bluevan5353 Ай бұрын
I didn't buy the APO. Bought it cheaper 😊
@apadesi
@apadesi Ай бұрын
Meaning?
@dwayneoneil689
@dwayneoneil689 Ай бұрын
​@@apadesi The Stock Price was trading lower than the APO price
@athlyi
@athlyi Ай бұрын
Greetings to you Mrs. Reynolds, Can You please give us a Update, regarding BRICS new development Bank versus the IMF - China's BRI, and what are the benefits for Jamaica?
@LookingupinJA
@LookingupinJA Ай бұрын
The stock will never reach $200 again….too many mistakes being made…MLC will now know what running a bank and financial group is like…
@NoelWallace-xg8om
@NoelWallace-xg8om Ай бұрын
Could ncb source the 5 billion from the international markets?business continues.😮
@troyanbrowning9633
@troyanbrowning9633 Ай бұрын
Did u buy shares in the APO?
@ermieone7267
@ermieone7267 Ай бұрын
I know it will increase in value over time
@aaronr.ballantyne1313
@aaronr.ballantyne1313 Ай бұрын
You must be psychic
@waynegray2398
@waynegray2398 Ай бұрын
NCB GOING DOWN AND THEY DONT WANT TO TELL US
@LookingupinJA
@LookingupinJA Ай бұрын
I guess this was what the former management was trying to avoid by not paying dividends but MLC thinks he can run a bank….lots of wrong moves BEING MADE ..
@sandrathompson6381
@sandrathompson6381 Ай бұрын
​@@LookingupinJA😂 see dem sell off clarens group 😢 a main revenue arm of the company
@LookingupinJA
@LookingupinJA Ай бұрын
@@sandrathompson6381 yup…. Another bond extension….everyone is waking up….glory days over..
@kevinchristian1547
@kevinchristian1547 Ай бұрын
The APO failed because the share price was too high. The stock price will recover when dividends increase. Based on their dividend policy and the current EPS I expect them to increase dividend payout by the end of the year.
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