Emirates NBD stock price
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Emirates NBD stock price

 
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khan007
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Joined: 14 Jan 2010
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Emirates NBD stock price

Posted on Tue 19 Jan 2010 15:03 by khan007 		Reply with quote
Dear Friends

just watching the trading of ENBD its already cross the 52W low 2.56 and closing at 2.63 with a low volume.
is there any thing going on with this stock?
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sam111sam
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Joined: 15 Mar 2008
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Two Possible Problem Came to Light

Posted on Wed 20 Jan 2010 10:26 by sam111sam 		Reply with quote
1) Higher than expected exposure to DW and other Dubai Gov Owned Co's. This is specific to ENBD

2) New regulations from Central Bank on the amount of provisions banks should allocate against non performing loans. this will affect all banks.
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khan007
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Re: Two Possible Problem Came to Light

Posted on Wed 20 Jan 2010 10:44 by khan007 		Reply with quote
sam111sam wrote:
2) New regulations from Central Bank on the amount of provisions banks should allocate against non performing ...


thanks sam but do we think that downtrend will continue for ENBD as i am seeing this stock price is most effected for last three month espcially in December
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ixtira
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Re: Re: Two Possible Problem Came to Ligh

Posted on Wed 20 Jan 2010 11:54 by ixtira 		Reply with quote
Depends on what happens with the 10Billion (now 5 Billion) bail-out from Abu Dhabi and the much discussed Dubai World saga.

EmiratesNBD is the most effected by all this because it is the most exposed.

The number to watch is Dubai’s Credit default swaps:-

Dubai’s Credit default swaps are sitting at 425-435 points (Yesterday) which is higher than Greece but below Lativa.

If Dubai’s default swap rate starts to fall then I expect emirates NBD share price to go up.

If Dubai’s default swap rate starts to rise then I expect emirates NBD share price to go down.
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khan007
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Re: Re: Two Possible Problem Came to Ligh

Posted on Wed 20 Jan 2010 12:45 by khan007 		Reply with quote
ixtira wrote:
Depends on what happens with the 10Billion (now 5 Billion) bail-out from Abu Dhabi and the much discussed ...


today till 12;45 no trade in this stock Shocked
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khan007
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Re: Re: Two Possible Problem Came to Ligh

Posted on Wed 20 Jan 2010 17:28 by khan007 		Reply with quote
khan007 wrote:
today till 12;45 no trade in this stock Shocked


do any one have idea when ENBD will release the Q4 report
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sam111sam
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Re: Re: Two Possible Problem Came to Ligh

Posted on Wed 20 Jan 2010 17:36 by sam111sam 		Reply with quote
khan007 wrote:
today till 12;45 no trade in this stock Shocked


Khan

Yes, technically it looks better now..No one wants to sell even when DFMGI declines no one wants to dump at this price anymore.

If you look at WEEKLY volumes over the past 7 weeks, you can see clearly volumes declining gradually from 16m shares to 1M shares...Which also confirms the end of the selling spree.

Also daily Candles pattern indicates a BUY-IF

So technically, it looks ready for a rebound

But fundamentally, will this rebound sustain for sometime to form a rally ?

It will all depend on the REAL exposure to DW and new CB rules...This will reflect in 4Q results that will be public in 15 days or less. However, you would expect that by now some smart trader would have an idea about these results...and this would reflect in the stock behavior.

In short, the current price is very attractive if ENBD is to announce results similar to 3Q. Then, they would be able to afford 20 Fils cash dividend again this year.

We have seen some high volume aggressive selling during Dec. Is this attributed to bad results leaking out or just speculations about it ?

Take your bet !
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khan007
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Re: Re: Two Possible Problem Came to Ligh

Posted on Wed 20 Jan 2010 17:56 by khan007 		Reply with quote
sam111sam wrote:
It will all depend on the REAL exposure to DW and new CB rules...This will reflect in 4Q results that ...


thanks sam for well i have buy this stock yesterday@ 2.61 let see if i can hold it for some time
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khan007
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Re: Re: Two Possible Problem Came to Ligh

Posted on Sun 24 Jan 2010 17:58 by khan007 		Reply with quote
khan007 wrote:
thanks sam for well i have buy this stock yesterday@ 2.61 let see if i can hold it for some time


is there any update or information about ENBD stock? can some body advice
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