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25 Pages<1234>»
KCB 2018 and Beyond
lochaz-index
#21 Posted : Thursday, July 26, 2018 9:06:43 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 997
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#22 Posted : Thursday, July 26, 2018 9:34:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?


Because they are sold at bargains and that route is another way of growing.
Horton
#23 Posted : Thursday, July 26, 2018 9:58:38 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Ericsson wrote:
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?


Because they are sold at bargains and that route is another way of growing.



Yeah I agree with Ericsson. It’s a way of growing, it would have been disconcerting if they bought into chase or IBL before all the drama. But after, they are like bargain hunters saa za Jioni
KulaRaha
#24 Posted : Friday, July 27, 2018 9:03:46 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,455
There's a difference between bargain hunting and garbage collection.

IBL is pure garbage.
Business opportunities are like buses,there's always another one coming
Gathige
#25 Posted : Friday, July 27, 2018 10:25:43 AM
Rank: Veteran


Joined: 3/29/2011
Posts: 2,094
KulaRaha wrote:
There's a difference between bargain hunting and garbage collection.

IBL is pure garbage.


There is cash too in Garbage, literally. https://www.nytimes.com/...5iht-trash.4211783.html
"Things that matter most must never be at the mercy of things that matter least." Goethe
lochaz-index
#26 Posted : Friday, July 27, 2018 10:45:07 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 997
Horton wrote:
Ericsson wrote:
lochaz-index wrote:
VituVingiSana wrote:
Ericsson wrote:
Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB

I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB?

As for NBK, without the "favored son" concessions, what value does NBK bring to KCB?

Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks?


Because they are sold at bargains and that route is another way of growing.



Yeah I agree with Ericsson. It’s a way of growing, it would have been disconcerting if they bought into chase or IBL before all the drama. But after, they are like bargain hunters saa za Jioni

Still doesn't add up. I see no synergies whatsoever between the good IBL loan book - if at all it exists and if it exists would it be of substantial quantity to warrant a bid? - and KCB's modus operandi.

Secondly, if the respective 'good' books of distressed banks were offering sweet discounts vs value don't you think the suitors would be by the bucket load (with the deal having been sealed ages ago) as opposed to the current long drawn out one way flogging?
The main purpose of the stock market is to make fools of as many people as possible.
shiznit
#27 Posted : Friday, July 27, 2018 11:46:04 AM
Rank: New-farer


Joined: 5/21/2013
Posts: 66
Location: KENYA
KulaRaha wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.



There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting

As it is KCB has deep pockets


IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same.



Isn't it possible DTB had to drop out coz of conflict of interest/moral hazard? Possible that it was used as a conduit for some of the illicit Imperial funds.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Ericsson
#28 Posted : Monday, July 30, 2018 5:16:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
shiznit wrote:
KulaRaha wrote:
Horton wrote:
KulaRaha wrote:
Word is KCB was "forced" to make a bid since no one wanted Imperial.



There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting

As it is KCB has deep pockets


IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same.



Isn't it possible DTB had to drop out coz of conflict of interest/moral hazard? Possible that it was used as a conduit for some of the illicit Imperial funds.


I've heard that too,the two owners have close ties
Ericsson
#29 Posted : Monday, July 30, 2018 5:17:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
https://kenyanwallstreet...sion-for-imperial-bank/

The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.

The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.

CBK governor Dr Njoroge said:

“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”

However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership

The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month.
Ebenyo
#30 Posted : Monday, July 30, 2018 6:37:26 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,735
Location: Kitale
Ericsson wrote:
https://kenyanwallstreet.com/cbk-to-seek-another-receivership-extension-for-imperial-bank/

The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.

The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.

CBK governor Dr Njoroge said:

“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”

However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership


go .
CBK should not play hard.If KCB bid is fine let it
The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month.



CBK should not play hard to get.If KCB bid is fine let it go
Towards the goal of financial freedom
Ericsson
#31 Posted : Monday, July 30, 2018 7:03:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
https://kenyanwallstreet.com/cbk-to-seek-another-receivership-extension-for-imperial-bank/

The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.

The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.

CBK governor Dr Njoroge said:

“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”

However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership


go .
CBK should not play hard.If KCB bid is fine let it
The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month.



CBK should not play hard to get.If KCB bid is fine let it go


Discussion on what is the good book and seperate it from the bad book.
Ericsson
#32 Posted : Monday, August 06, 2018 4:10:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
Half year results to be out this week
Ebenyo
#33 Posted : Monday, August 06, 2018 4:26:38 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,735
Location: Kitale
Ericsson wrote:
Half year results to be out this week



Last year we got an interim of kshs 1.00 lets see what happens.If there is not enough money to buy imperial bank,rights issue is okey.
Towards the goal of financial freedom
Ericsson
#34 Posted : Wednesday, August 08, 2018 2:35:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Half year results to be out this week



Last year we got an interim of kshs 1.00 lets see what happens.If there is not enough money to buy imperial bank,rights issue is okey.


Imperial bank will be pocket change.
Interim dividend maybe hiked to ksh.1.50
Sir invest
#35 Posted : Wednesday, August 08, 2018 12:53:57 PM
Rank: New-farer


Joined: 8/19/2015
Posts: 93
KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.
Ericsson
#36 Posted : Wednesday, August 08, 2018 2:17:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
Sir invest wrote:
KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.


Plus the South Sudan peace deal
obiero
#37 Posted : Wednesday, August 08, 2018 2:33:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
Ericsson wrote:
Sir invest wrote:
KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.


Plus the South Sudan peace deal

Hope it holds
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Ericsson
#38 Posted : Thursday, August 09, 2018 12:19:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,718
Location: NAIROBI
Sir invest wrote:
KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.


Or maybe 55
Pesa Nane
#39 Posted : Thursday, August 09, 2018 12:29:49 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
obiero wrote:
Ericsson wrote:
Sir invest wrote:
KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.


Plus the South Sudan peace deal

Hope it holds

Never leverage on any idiot that thrives on chaos
Pesa Nane plans to be shilingi when he grows up.
watesh
#40 Posted : Thursday, August 09, 2018 1:50:04 PM
Rank: Member


Joined: 8/10/2014
Posts: 759
Location: Kenya
Ericsson wrote:
Sir invest wrote:
KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.


Plus the South Sudan peace deal

I already gave up on that country
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