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8 Pages«<45678>
Potential merger NIC + CBA
VituVingiSana
#101 Posted : Thursday, April 04, 2019 10:47:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
NIC is part of the Wezesha Consortium.
As is CBA.
The merger is beginning to make sense.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#102 Posted : Wednesday, April 10, 2019 8:23:52 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,075
https://www.businessdailyafrica....065016-b3sv44/index.html

Who has received the quoted circular?

The merged entity expected to list in July¿
mwekez@ji
#103 Posted : Thursday, April 11, 2019 11:29:12 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,075
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
VituVingiSana
#104 Posted : Thursday, April 11, 2019 11:40:15 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
cyruskulei
#105 Posted : Thursday, April 11, 2019 11:51:48 AM
Rank: Member


Joined: 3/9/2010
Posts: 133
Location: kenya
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know
Make money when others are lamenting
Ericsson
#106 Posted : Thursday, April 11, 2019 11:52:36 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,690
Location: NAIROBI
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Ghosh
aemathenge
#107 Posted : Thursday, April 11, 2019 12:02:16 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,014
Location: Kerugoya
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Okay. Now, how about finding out what CBA stands for.
Ericsson
#108 Posted : Thursday, April 11, 2019 12:25:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,690
Location: NAIROBI
Coop bank will soon overtake them in terms of asset base
sparkly
#109 Posted : Thursday, April 11, 2019 2:04:19 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,927
Location: Enk are Nyirobi
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf


Reverse merger confirmed:

1. Banking business of NIC will be moved to CBA;
2. Some directors of NIC will resign;
3. The new combined entity wil be renamed. Directors of combined entity to have full discretion in the name.
Life is short. Live passionately.
Ebenyo
#110 Posted : Thursday, April 11, 2019 6:53:07 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,624
Location: Kitale
aemathenge wrote:
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Okay. Now, how about finding out what CBA stands for.



Commercial Bank of Africa
Towards the goal of financial freedom
sparkly
#111 Posted : Thursday, April 11, 2019 8:40:49 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,927
Location: Enk are Nyirobi
Ebenyo wrote:
aemathenge wrote:
cyruskulei wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought Applause

https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value.


I have learned today the full meaning of NIC - National Industrial Credit.

Now I know

Okay. Now, how about finding out what CBA stands for.



Commercial Bank of Africa


Come Back Again
Life is short. Live passionately.
Ebenyo
#112 Posted : Saturday, April 13, 2019 10:58:54 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,624
Location: Kitale
overall,in this merger,it's NIC which has benefited more than CBA.
Towards the goal of financial freedom
2012
#113 Posted : Saturday, April 13, 2019 12:16:54 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,356
Location: Nairobi
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

Stand for something or you will fall for anything. Today's mighty oak is yesterday's nut that held its ground. Rosa Parks
obiero
#114 Posted : Saturday, April 13, 2019 8:18:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#115 Posted : Saturday, April 13, 2019 8:57:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
Laughing out loudly Laughing out loudly Laughing out loudly
For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#116 Posted : Saturday, April 13, 2019 10:10:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
VituVingiSana wrote:
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
Laughing out loudly Laughing out loudly Laughing out loudly
For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Laughing out loudly Laughing out loudly Laughing out loudly

At your age, you should be ashamed of such trolling
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#117 Posted : Sunday, April 14, 2019 1:30:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support
Laughing out loudly Laughing out loudly Laughing out loudly
For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Laughing out loudly Laughing out loudly Laughing out loudly

At your age, you should be ashamed of such trolling

BTW, there's also a proposed dividend from NIC for FY 2018. #Winning
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#118 Posted : Sunday, April 14, 2019 8:55:48 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,624
Location: Kitale
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support



The Npls were beginning to take toll on them.But now they are okey.Its about Mondo wa nyuba rescue.
Towards the goal of financial freedom
sparkly
#119 Posted : Sunday, April 14, 2019 4:43:14 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,927
Location: Enk are Nyirobi
Ebenyo wrote:
obiero wrote:
2012 wrote:
Ebenyo wrote:
overall,in this merger,it's NIC which has benefited more than CBA.


How exactly will NIC benefit?

NIC were dying. They were picked up from the streets and are now on life support



The Npls were beginning to take toll on them.But now they are okey.Its about Mondo wa nyuba rescue.


NIC was doing well.

Mondo passed rate cap Bill.

NIC struggled, valuation fell.

Mondo came to the rescue with a price of 43.

Offer accepted, all is well.

Having entered after rate cap with With ABP of 29.6, I don't mind the state of affairs.
Life is short. Live passionately.
VituVingiSana
#120 Posted : Tuesday, April 16, 2019 1:09:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
NIC is also involved in the TSS mess as a lender.
https://www.businessdail...2950-4sfe1kz/index.html
It will be a slow grind but hopefully the lenders can auction the assets of TSS and make some recoveries.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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